Through our HighLow review, we discovered a few nice features that helps HighLow really stand out to its traders.
HighLow Trading Platform
The first is the ease of entry when it comes to using this site. The broker has a very smooth and easy to use trading 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 allows you to use these benefits to your advantage.
The HighLow platform is very simple, although it’s not quite as clean in its appearance as some other brokers. This can give you a cluttered feeling when you are first starting out, making the need for zero risk demo trading all the greater. With some practice, any confusion that might occur because of the platform’s appearance will be completely erased. Trading here is simple, but being familiar with the HighLow broker’s page will make things a lot easier for you.
The minimum amount you are allowed to risk per trade at HighLow is just $10.
What Are High and Low Options?
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.
How Does Trading with HighLow Work?
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.
This broker 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.
HighLow also allows you to trade options as short as 30 seconds before expiry. Trade expiries can go as long as 24 hours, as well.
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.
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.