HighLow is a Sydney based broker. They have a high payout and offer great demo accounts for traders new to binary options. Their demo account is ‘no deposit, no sign up’, which gives a great amount of freedom for traders to try out new strategies.
Their smooth and straight forward platform, which gives quick access to withdrawals and has a great app version, this platform is open for both first timers and more tried veterans.
- Demo Account – Yes, they offer a demo account with no deposit and no sign up.
- Minimum deposit – £50
- Minimum trade – £1
- Maximum trade – £5000
- Signal service – N/A
- Mobile app – Yes
Types of Trading
HighLows assets are not as comprehensive as some of their competitors. The markets you can trade on are commodities, indices, stocks and forex. Forex is the only market which have a full list of assets, the rest of the categories still need some more gravity.
The option types are as follows;
High / Low – As always High / Low are an option. In the option you have to decide whether an asset will end higher or lower than the contemporary price. Time options reach from 15 minutes to ‘the end of the day’
High / Low Spread – This works in the same way as normal High / Low, but you cannot set your higher or lower as accurate as the normal one, but the payouts are bigger.
Turbo – Again, the same as High / Low option. But in this option your timeframe can be much smaller. The time can range from 30 seconds to 5 minutes.
Turbo Spread – a combination of High / Low spread and Turbo.
Scam or Speculation
HighLow is regulated by the Australian Securities and Investment Commission (ASIC), which are Australia’s integrated corporate, markets, financial services and consumer credit regulator. This regulator adds a lot of credibility to the broker. Furthermore the funds of clients are held in trust funds, operated by National Australian Bank.
Their Trading Platform
When you go to HighLows web platform you will find a very well styled platform, with a modern cut and on point color scheme. As soon as you login you will be able to see some of the most basic function you need like, an expiry time setter and a drop down menu filled with the available markets and assets. The ‘favorites’ area lets you access their most traded assets in an easy and manageable way.
Once an asset is chosen a chart will show in the main area. This area will show you all the info you need like, latest market prices, trader sentiment, payout and a countdown until expiry. You can also modify the platform depending on how you like to trade. In the normal setting you will have to click your direction of trade and then press on the invest button to confirm, but if you are more of a ‘1-click’ trading kind a guy, you can select a platform suited for that. This will remove the invest button and enlarge the high and low button.
The platforms downfall comes from the lack of features on their charts. So if you are a trader that makes a lot of technical analysis on your trades you might want to look elsewhere.
Their mobile app is very similar to the web platform, both in layout and functions. This means that once you know your basics of the platform you can bring it with you on the go and keep trading effortlessly.
Withdrawal and deposit
The methods most used to deposit money on HighLow are credit card, Neteller and wire transfer, but HighLow offers 40 more ways for deposits to be made.
One of this broker’s biggest strength is their withdrawal. They use the same method the deposits where made with and they are free. All transaction made with credit card or Neteller are processed right away.