HighLow is one of the up and coming binary options brokers right now. Founded in 2010, they are fairly new in the world of financial services, but this is still a new industry in the grand scheme of things. Before you sign up for an account with them, make sure you know the basics about HighLow and how they can help you to be a successful trader.
Binary options trading has a lot of risk involved, and there’s always a chance that you can lose your investment. Being prepared for this and having a strong broker on your side is a great start to making a profit.
HighLow is an Australian based binary options broker. Their main audience is traders based out of Australia, and this HighLow review is geared toward traders in this part of the world that are trying to figure out which broker is best for them. HighLow is completely regulated and legal for Australian residents to use.
Traders in other countries may have a more difficult time using this broker. First, you should know that those based in the United States are not permitted to trade here as they are not regulated by the CFTC. They are regulated by the Australian Securities & Investments Commision (ASIC), and they hold a license with Australian Financial Services. If you are based out of Australia, or if your country of residence accepts this as a governing body, then this site is completely safe and legal for you to use without issue. Their software is well maintained and kept secure in compliance with both of these bodies, and their financial management adheres to all relevant laws, as well.
What HighLow has to Offer
Our HighLow review process found a few nice features that helps HighLow stand out to its traders. The first of these is the ease of entry when it comes to using this site. The broker has a very smooth and easy to use software platform through which all trades are executed. They rely on the Markets Pulse platform, which is one of the top five most highly used platforms in the world. This popularity is in place for a reason. HighLow takes this solid platform and all of the positive features that accompany it, and allow you to use these benefits to your advantage.
The minimum amount you are allowed to risk per trade at HighLow is just $10. Also, it’s worth noting that HighLow does not refer to their binary options as “call” or “put” options, but rather as “High” and “Low,” just like the name of the broker itself. If you think that the asset is going to move upward, you take out a “High” position. If you think the asset’s going downward, you will take out a “Low” position.
This broker also offers spread trades, which are slightly different from the European style trades you might be used to. In many instances, these types of trades can be even more useful to you than the traditional High and Low trades offered. They also offer “On Demand” trades. These are basically just ultra short term options, ranging in expiry from 1 minute (60 second binary options) up to 5 minutes in length.
As far as assets go, HighLow offers a wide array of currency pairs. They currently have 17 currency pairs available on the site, 5 different indices, and gold. There are currently no stocks offered for trade on the site. The currencies are focused on the Australia and New Zealand dollars, in addition to the major four currencies (USD, EUR, GBP, and JPY). They also feature the Canadian dollar in a few pairs.
HighLow Binary Options Account Funding
An account with HighLow can be funded with as little as $50 USD if you use a credit card (MasterCard or Visa) or Neteller. If you fund an account with a wire transfer from within Australia, you can transfer as little as $10 AUD. Other countries have a minimum wire transfer fee of $50. If you want, you can also use the Australian dollar, the euro, or the British pound to fund an account. Once you select a currency, that is how all financial transactions will be processed moving forward.
According to our HighLow review, withdrawals from this broker are processed in the same way that they were applied to your account. If you used a credit card, funds will be put back on that same card. If you used Neteller, your money will go back into your Neteller account. You will need to follow all financial regulations in Australia when it comes to taking withdrawals from HighLow. This may include providing documentation proving your identity and your address. These can usually be accounted for with a government issued ID card and a copy of a utility bill or something similar.
Other Special Features
If you’re new to trading binary options, you want to take advantage of special features that your broker might offer. These can help you to have a better understanding of what you are doing as a trader, how to find more money making opportunities, and how to limit the amount of risk that you might be taking on.
HighLow has apps for both Android and iPhone devices, allowing you to trade while you’re on the road. This can open up new trading opportunities for you, but it also carries the potential to increase your risk levels.
If you have questions about HighLow, you can get in touch with their customer service department at 61 2 9186 9160. They also have a customer service email address at [email protected]
Is HighLow Right for You?
If you are based in Australia, HighLow is a very good broker to use. Our HighLow review reveals that this is an exceptional place for new binary options traders that don’t want to risk a lot of money but still gain experience. New traders can fund their accounts for a very small amount of money, and trades can be executed for one of the smallest amounts ($10) in the business. This broker does have perks for larger traders, but if you are just starting out, this broker should be given special consideration.
If you don’t live in Australia, this is a much more difficult questions to answer. Is HighLow permitted in your country? If not, then this is not the right broker for you. If they are, then you need to look first at what your goals are as a trader. Does this HighLow review seem like they are in line with what you want to accomplish? If yes, then they could be a great fit with you.
Binary options trading is risky, there’s no way around that fact. However, with the right broker on your side, you can help give yourself a small push in the right direction. Take a look at HighLow, and if you still aren’t sure if they are the right broker for you and your needs as a binary options trader, then get in touch with their customer service department and see what the simplest way to create a demo trading account is. This will give you a feel for what the trading platform is like and whether or not it seems right to you. There is a link to this feature down at the bottom of their homepage. You can read more about the HighLow demo account here.Read More About HighLow Review