A prolific binary options broker, HighLow got its start in 2010. Despite the binary options market's high risk and often negative reputation, HighLow has established itself not only as a leader in the market but a reputable company.
Based in Sydney, Australia, HighLow is owned by HighLow Markets, Ltd. While many people have lost faith in the binary options market, HighLow has maintained a reputation as a transparent, regulated broker.
Currently, HighLow only serves clients in Australia. However, for those who have access to this broker and their platform, they offer numerous advantages that set them apart from other binary options brokers. From low minimum trades to high potential payouts to demo accounts that you don't need to sign up to access, HighLow is a great starting broker for beginners, as well as a simple platform for experienced traders.
ASIC (Australian Securities and Investments Commission)
High/Low and Turbo
iPhone and Android
Stocks, Commodities, Indices, and Forex
Credit Cards, Cryptocurrency, E-Wallets, and Wire Transfers
$50 Deposit Bonus
Table of Contents
HighLow's trading platform is exceptionally beginner-friendly. It's a simple interface that offers ample information regarding trade movement and direction, including which direction means you get a payout.
They use the MarketsPlace trading platform, which allows all levels of traders to participate and understand its interface, though more experienced traders might find the platform too simplistic. Still, there are fixes for that in the form of software like MetaTrader4 that shows additional trading details.
The platform has organized tabs and buttons offering options like your time limit, high/low selections, and how much you want to invest from your funds. This platform is also where you make your investment once you're satisfied with your market prediction, and where you can check your payout and return.
HighLow's trading platform makes it easy to check your open trades, and you have the option for one-click trading to save time.
HighLow's account system is one of the simplest out there. Most binary options brokers have tiered accounts ranging from basic levels to more specialized accounts with privileges and features unavailable at standard levels.
HighLow, in contrast, has only one type of account available to all users. With it, you can trade on all available assets on their platform. All you need to do is sign up using their registration form and deposit a minimum investment of AUD$10.
If you're not ready to dive into binary options trading, HighLow also offers you a demo account option, which we'll talk more about later.
Another thing that sets HighLow apart when it comes to account types is the availability of educational resources. Many binary options brokers either don't offer these resources or only make them available to traders who sign up for the higher account tiers.
HighLow offers video tutorials and a glossary where you can look up any trading term you don't understand. You can even view their platform walk-through to help you understand how it works before you start trading.
While more experienced traders may already have the knowledge they need, these resources help beginning traders dip their toes in the waters of binary options trading. However, because the resources are so basic, experienced traders looking for more information and advanced trading techniques may find them lacking.
HighLow offers four trade types to choose from:
- High/Low options: As one of the most straightforward kinds of binary options trading, High/Low options let you decide whether the final price of an asset will be higher or lower than when you began your trade. The time limits for High/Low options can span anywhere from 15 minutes until End of Day.
- High/Low spreads: High/Low spreads are similar to High/Low options, but in this case, you're buying and selling options with different strike prices.
- Turbo options: Turbo options are the same as High/Low options, except with Turbo, you have shorter time limits. Instead of 15 minutes or more, your minimum time limit is 30 seconds. You can adjust it, though, and choose from 30 seconds, 60 seconds, 3 minutes, and 5 minutes.
- Turbo spreads: Turbo spreads work the same as High/Low spreads, but as with Turbo options, the time you have to perform is shorter.
HighLow was previously known for its pitiful asset list, but it has been significantly improved. Still, it's not up to the level of some other brokers with hundreds of assets. Instead, it comes in at a modest 43, though many of them are significant assets. Anyone who prefers big names won't have a problem finding one they like.
Included in their list are assets like:
The assets encompass the NASDAQ, CHN50, S&P, and oil prices. They don't limit you to these, so if you want to try some smaller, more niche markets, HighLow offers those, too, to a lesser extent. While the variety is limited, you still have enough options to explore and satisfactorily experience the world of binary options trading.
We mentioned earlier that HighLow had earned a reputation as a reliable, honest binary options broker. Part of what helps their standing in the trading community is their regulatory body.
HighLow Markets is regulated by the Australian Securities and Investments Commission (ASIC). ASIC's stellar reputation extends to HighLow, as they're known for keeping a tight ship. With ASIC as the regulatory body overseeing trade, HighLow ensures that investors know their money is safe and secure.
ASIC offers more professionalism than you'll find with other regulatory bodies, especially because most binary options brokers have chosen to move away from regulatory operations in their home countries. Instead, while they do business in Caribbean areas, HighLow is a regulated broker that remains with ASIC, which only bolsters its reputation as a broker that values its investors.
HighLow has an extensive points system that, depending on how much you use the platform, you can turn into some serious cashback. You get more HighLow Points the more you trade, and you can earn up to 50,000 points per month. How does it work?
Based on the amount you trade over a month, HighLow sorts traders into four tiers:
- Player: If you trade from $0 to $9,999, you won't get any loyalty points, and therefore, no cashback.
- Trader: With a trading volume between $10,000 and $19,999, you'll receive three loyalty points for every $10 you trade.
- Pro: At the Pro level, a trade amount from $20,000 to $49,999 will get you five loyalty points for every $10 you trade.
- Elite: This is the highest level, and if you trade $50,000 or more, you get ten loyalty points for every $10 you trade. This level has a cap of 50,000 points.
In this program, at the end of every month, HighLow divides your total points by 100 and gives you that amount in cashback. For example, if you earn 20,000 points, you'll get $200 in cashback in your account, which carries over so that you can use it to trade the next month.
Bonuses and promotions
While ASIC regulations prevent HighLow from offering too many bonuses and promotions, they do have a few. The first is the $50 cashback you get almost as soon as you open your new HighLow account.
You don't receive the $50 immediately upon sign-up as with some other brokers, but once you start trading, you'll see it. You don't have to trade any specific amount to get it—just get active on the platform.
For each of your first five trades, you'll get $10 back, giving you $50 extra to use for trading. You can even withdraw it right away, which sets HighLow apart from other binary options brokers. Many require you to invest a certain amount—often equal to the bonus amount—before you can withdraw it. HighLow doesn't attach any conditions, though, and you can use the bonus however you see fit.
While HighLow's primary trading platform is web-based, they also have a mobile trading app for traders and investors who like to take their binary options broker on the go. You just download the HighLow mobile app onto your iPhone or Android—either from the HighLow website or your app store—and you can start trading right away.
The HighLow mobile app is compatible with iOS 8 or higher and Android 4.0.3 or higher. The mobile app lets you do everything you can on the web platform. The app's news feed shows you the trends in your preferred markets so that even if you're not able to sit down at your computer, you can still stay updated and educated.
You can also view and update your account status on mobile and check your trading funds no matter where you are.
If you're a new trader or even an experienced trader who just wants to check out the broker and its platform before committing, you can open a HighLow demo account. Most binary options brokers offer demo accounts, but some of them come with conditions.
HighLow is one of the few brokers that allows you to experiment with a demo account before you sign up for a regular account. You'll have access to everything that traders with real accounts get, but instead of trading with real money, you get $10,000 in virtual funds.
That way, you can check out how things work, learn the strategy behind predicting binary options trends, and explore the platform with no risk to you or your capital. The freedom and extensive options that come with the demo account are a testament to ASIC's regulatory standards and how much they value customer satisfaction.
Deposits and withdrawals
Both HighLow's deposit and withdrawal processes are convenient for traders. HighLow accepts many payment methods, making your options nearly endless. They accept major credit cards, cryptocurrency, bank wire transfers, and e-wallet.
Some of the most popular fund transfer methods include:
You've got many more options than that, and you can use any of their payment methods to both deposit and withdraw your money.
When you're first getting started with your official account, HighLow requires you to make a minimum deposit to trade on their platform. It's only AUD$10, which is extremely low for binary options brokers.
While HighLow currently only accepts Australian traders, they had an international minimum deposit of $50 and a maximum of $10,000.
When withdrawing funds, the minimum is a little higher, at $50 minimum. Deposits go through instantly, but withdrawals take a day to process before they transfer into an account you choose. Depending on your withdrawal method, you may also have to pay a small withdrawal fee. Neteller and bank transfers both come with a 1.5% fee, whereas credit card methods have no extra charge.
HighLow's customer support may be limited, but they make it clear that they care about their investors and traders. Their customer service adds to their reputation as one of the best binary options brokers out there, and they are usually very responsive to customer questions and concerns.
You can contact them via phone and email at:
- Phone: 1300-870-442
- Email: email@example.com
Their contact page states that customer support is available from 8:00 am to 6:00 pm, and while it may not be 24-hour service, they'll answer your questions as quickly as possible. They're not open on weekends, so if you've got a concern on a Saturday and want to call them, you'll have to wait until Monday.
You can also put in a support ticket using the form on their website's contact page. However, before you contact them, make sure you check their FAQ and Resources pages. You might find the answer you're looking for there. HighLow's FAQs are some of the most extensive out there, and they provide detailed answers to many common questions.
HighLow has plenty to offer on its user-friendly trading platform. Let's recap some of the best things about this binary options broker that show why they have an excellent reputation, and why you might want to try them.
- User-friendly trading platform, suitable for beginners
- Demo account with no obligation to sign up or invest
- Low minimum deposit and withdrawal
- Mobile app for convenient trading on the go
- $50 initial bonus upon sign-up
- HighLow Points offer trading bonuses every month
- High payouts up to 200% on trades
- Closely regulated by ASIC
- Positive reputation in the binary options trade community
- Responsive customer service
While HighLow offers plenty of attractive features, they're not without their flaws. Their drawbacks are fewer than their advantages, but if these items are important to you, you may not want to bother with HighLow and instead search for another binary options broker for your trading fix.
- Only accepts traders from Australia
- Fewer assets than other binary options brokers
- Few educational resources
- Not ideal for experienced traders who want to see extensive trade details
- Limited customer service hours and contact methods
HighLow's reputation as a reliable binary options broker sets it apart from the rest. You'll know your funds are secure, and with an easy to use trading platform, you can enjoy your trading experience, whether you're a new trader or a seasoned investor. Unfortunately, U.S. traders are not accepted on this platform.
We found HighLow to be an excellent option for almost anyone to use, even if you just want to try out a new platform. Though they only accept traders from Australia, those who have access to this platform get monthly bonuses, free withdrawals, and convenient trading wherever they are.
Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.