HighLow is unusual among binary options brokers as they are based in Australia. They provide services to traders in Australia, the Middle East, Europe, and Africa. However, they do not cater to US-based investors. Their website is easy on the eye and provides plenty of relevant info.
You can safely entrust your money with HighLow as they are regulated. This means their operations are transparent and they also follow a set protocol to resolve complaints. In addition, similar to a national bank they follow procedures for insuring money.
Sign-Up Info
The sign-up process is simple and currently this broker is offering a $50 cashback for the first trade. Payout rates are some of the highest in the industry with traditional options giving as much as 100% returns, while for advanced option types you can get up to 200% returns for successful trades. Thus, HighLow stands out among binary options brokers for its exceptionally high payout rates. You can get started by investing just $10 per trade.
Website and Trading Platform
All HighLow reviews agree that the broker’s website is attractive and at the same time gives a professional vibe. The homepage offers info on the sign-up bonus, the available option types, and the types of assets you can trade in.
HighLow utilizes the MarketsPulse trading platform and they have ensured traders’ data is secure and safe. In addition, the Trader’s Choice feature on the platform gets activated after four trades and provides real-time market situations to traders.
You can trade in more than 80 assets including stock indices, currency pairs, and gold. A notable feature is besides the expiration time, the spreads on the trades also help investors to have better control over the trade’s outcome which is definitely beneficial.
Navigating the platform is simple and you can easily access relevant info such as the FAQ and open a demo or live account. Two language options are offered (English or Japanese) as well as operational details on how to execute trades using the platform.
Demo Account
According to HighLow reviews this broker is a class above ordinary binary options brokers because they offer a convenient demo account. This enables novices to get the hang of the binary options trading before they invest their money as they get $10,000 in virtual money that they can use for the demo account. The best part is you don’t even need to register on the site to use the demo account.
Trade Types
HighLow offers a range of quick expiry options to enable fast-paced trading. You can select from 30, 60, 180, or 300 seconds for short-term trades. In addition, you can profit by spread trading different assets, which can give you returns of up to 100%. More sophisticated options provide returns of up to 200%.
You can combine spread binary options with turbo trade or short-term options to diversify your trading portfolio and to trade in a range of expiry times. Broker interest is also kept in mind HighLow has placed limits on the maximum amount traders can invest per trade and the exposure they can take at any point of time.
Regulatory Info
HighLow is regulated by Australia’s regulatory organization named the Australian Securities and Investment Commission (ASIC). Because of this regulation, this broker adheres to the following requirements:
- Separates investor funds into a client money trust account with National Australia Bank.
- Has big insurance policies for investor protection in case the company goes bankrupt.
- Staff members have certification and training to give advice to investors.
- Directors and other important personnel have years of trading experience.
In addition, HighLow is only allowed to provide advisory services to investors within regulatory stipulations and this is done by trained employees. This broker does not possess automated trading capability, so you need to utilize your own trading method or a reliable signal service to manually execute trades.
Mobile App
You can easily download the handy mobile app and trade using your smart mobile device. This is especially useful for investors who cannot trade using their desktop computer and have to be on the go.
Customer Support
HighLow provides professional and responsive customer support via phone and email. But there is no live chat channel. Customer support is offered in English and Japanese. Their agents are trained to go the extra mile to resolve investors’ concerns and queries. In addition, they have a detailed FAQ section on their site that you can refer.
Info on Bonus
Since HighLow is a regulated broker, they do not indulge in offering freebies like high bonuses. However, new clients are given an urestricted $50 as cashback. Unlike bonuses provided by other brokers there are no conditions or limitations on HighLow’s cashback offer. There are no trading restrictions and you can withdraw your profits any time you like.
Banking Info
You can use credit cards or Neteller to deposit money. The minimum deposit is just $50. For bank wire transfer, the minimum deposit is just $10. All transactions are protected by using the latest encryption measures. HighLow offers instant withdrawals and there is only a 2% withdrawal fee. The minimum amount for withdrawal is $50. You can withdraw using bank transfer but not credit card.
Common Mistakes to Avoid When Trading on HighLow
Trading on HighLow can be an exciting way to engage with the financial markets. Still, new traders often make mistakes that can lead to losses. Here are some common pitfalls to watch out for:
- Neglecting Market Research: Many traders jump into trades without sufficient research. Understanding market trends and factors influencing price movements is crucial. Take time to analyze charts and news events before making decisions.
- Overleveraging: Using too much leverage can amplify losses. While it can increase profits, it also significantly increases risk. Stick to a level of leverage that aligns with your risk tolerance and trading strategy.
- Emotional Trading: Allowing emotions to dictate trading decisions is a common mistake. Fear and greed can lead to impulsive trades that deviate from your strategy.
- Ignoring Risk Management: Failing to set stop-loss orders can result in significant losses. Always define how much you are willing to risk on each trade and use risk management tools to protect your capital.
- Chasing Losses: Trying to recover losses by increasing trade sizes can lead to a downward spiral. Accept losses as part of trading and stick to your strategy instead of seeking to make quick recoveries.
- Not Utilizing Demo Accounts: Many new traders skip using demo accounts to practice. A demo account allows you to familiarize yourself with the platform and develop strategies without financial risk. Take advantage of this feature before trading with real money.
Summary
On the pros side, HighLow is an ASIC regulated broker, offers high payouts, provides an enjoyable trading experience on mobile and desktop, offers a free unlimited demo, and requires only $50 as minimum deposit. On the cons side, there is no live chat tool and the choice of instruments is limited. In our view, you can safely try out HighLow as they are a regulated broker that utilize the latest and best technology to ensure your trading experience is top rate.
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