HighLow is a regulated binary options broker that is focused on binary options trading and with that in mind, they offer a very user-friendly trading interface. For this review, we wanted to find out more about the trading platform, options types, and other services and features this broker has on offer.
It is interesting to see a binary options broker from Australia, and with its black and yellow website with sophisticated, clean lines, we have a sense that this binary options broker offers a lot more than what can be seen at first glance.
Registering at HighLow is not a time-consuming procedure. You only need to spare a few minutes to fill out the necessary form and submit it. At the time of writing this review, HighLow offered a $50 cash-back bonus for a quick sign-up.
In this part of High Low review we will help traders get more information about different accounts offered.
The great news is that there is also a free demo that traders can access without making a deposit. This is a great chance for them to test their trading knowledge, methods and learn more about the platform.
HighLow Quick Demo
We always urge new and existing traders who are on the search for new brokers that they should try out the brokers Demo account before any actual deposits are made. This will allow the traders to get accustomed to the trading tools and features available in a risk-free environment.
If you would like to open a Demo account on HighLow you have the option to open it with their custom program called Quick Demo which allows traders to practice binary options trading on this platform. HighLow will give you $10,000 virtual funds to spend in the Quick Demo so you can really take your time a slowly learn everything you need. It is important to highlight that Quick Demo does not require that you register to get access.
Getting a live account on HighLow is also extremely quick, as we have come to realize ourselves. All you need to do, after registering, is log in to your account and choose to deposit funds into it. Once your account has been successfully funded HighLow will be sending you an email notification that your account is now live and you are ready to start your adventure trading binary options.
The minimum deposit amount you can fund your account with is $50. Since it is pretty clear that all forms of financial trading, includes certain risks, it is important to remind oneself to take your time with the trading process. Make sure you do not lose all your trading money in a short time span.
What are HighLow Points?
As per the website description, HighLow explains that this is their loyalty program through which traders can earn points for a pending cashback, that are accumulated depending on a trader’s tier level.
Pending cashback is basically a reward issued by HighLow that traders can redeem through trading. Redeeming the reward goes through a one-to-one basis meaning that the amount of money in trades needs to correspond to the amount of pending cashback before it can be transferred into real funds.
This brokers trading software is truly remarkable. When it comes to visual identity it certainly offers a pleasant experience with clean and sleek design, dark, comfortable background with just a hint of color that helps you navigate through the interface with ease.
It is also an extremely user-friendly trading interface, and we are confident that all types of traders will manage their way around the platform. Especially when we take into account the fact that HighLow offers a very helpful Platform Walk-through that aims to familiarize traders with all of the features, tools, and compositions of the platform.
Binary options types are located at the top of the interface in the form of tabs. Asset types and expiry times are located right below the binary options types and it allows you to set the filters to better match your preferences for trading. You can also add asset types to Favourites and have them on easy access whenever you need them.
‘’Option on demand’’ (OOD) is another very innovative feature from HighLow that is perfectly suited for traders who prefer fast trading. Choosing the aforementioned tab enables them to opt for expiry times of 1 minute, 3 minutes and 5 minutes. ‘’Option on Demand’’ will likely be very attractive to binary options traders who would love to take advantage of a face paced trading in a dynamic setting.
Another type of binary options on offer at HighLow is a Spread HighLow option, which is a new option that is Forex type and shows a bid/ask spread. This the standard method of price making in Forex. Spread HighLow offers traders payouts that reach 200%, literally doubling your investment. Much like the previous option type, Spread HighLow is especially suited for traders that enjoy the effects of a dynamic market and feel that they are able to manage well in that type of a financial trading environment.
Another interesting feature that can be found on the HighLow platform is Trader’s Choice. This feature refers to an indicator of sentiment that enables traders to track current trends, as they are happening. The location of this feature on the platform is on the left hand side when the trading chart is opened, and it offers continuous updates during active trading.
The aforementioned feature appears after 4 trade actions and updates every minute for 15 minutes options, every 5 minutes for 60 minutes options and every 15 minutes for 24 hours options. This feature can also be hidden if you do not want it appearing on your dashboard.
HighLow realizes there are a lot of traders that prefer to trade on the go, which is why they have designed an app for smartphones, both Android and iOS.
While doing this broker review, we wanted to make sure that the customer service is on a par with the rest of the services this binary options broker offers. Indeed, it is. Seeing that HighLow is a regulated binary options broker, which means that their complaints processes are governed by a higher legal regulatory framework.
The FAQ section on the website has an unusually vast information pool, meaning that the answers to most questions that traders might have can be found right there on the website.
If for some reason, traders are unable to find the information they are looking for on the website, they have the option of contacting HighLow customer support via phone or by lodging a support ticket.
Unfortunately, HighLow broker does not support a Live Chat option, which we believe would vastly improve their already great customer support system.
Most trader’s questions, when it comes to banking, is how to deposit and how to withdraw their money.
Depositing is a fairly easy process, as HighLow prefers Neteller which is really straightforward. Traders can also deposit with their credit cards, namely Visa and Mastercard. Obviously, these methods are not the only ones, HighLow also suggests depositing through a bank transfer or one of the many available e-wallet providers.
As far as withdrawals are concerned, Neteller is again HighLow’s focus, mainly because it is instantaneous so traders are not waiting for long periods of time for their money. The minimum withdrawal amount on this binary options broker is $50.00, and the maximum $10,000.00. There is a 1,5% processing fee for withdrawals made via credit cards and Neteller, and $20 fee for other withdrawal methods.
As it now stands, HighLow seems to offer a wide variety of features and tools that any profile of traders can find suitable for their needs. With a visually appealing interface and fast money processing, this broker offers all means for traders to maximize their potential for financial trading success.