Bonus £50 Cash-back
|Headquarters||Sydney ( Australia )|
|Support Number||+ 0800 048 8748 ( UK ) | +1300 168 668 | ( Australia ) | +800 130 1608 ( Singapore )|
|Support Types||Email , Phone|
|Languages||English , Japanese|
|Minimum 1st Deposit||£50|
|Minimum Account Size||£50|
|Minimum Trade Amount||£50|
|Maximum Trade Amount||£500|
|Promotions||Bonus £50 Cash-back|
|Payout||Up to 200%|
|Free Demo Account||Open Demo|
|Regulation||ASIC ( Australian Securities Investment Comission ) Licence number 364264|
|Deposit Methods||Credit Cards , Neteller , Wire Transfer|
|Number of Assets||22|
|Type of Investments||AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/GBP,EUR/JPY, EUR/USD, GBP/AUD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY, GOLD, AUD200, JPN225, UK100 and US30|
|US Traders Allowed|
- Fast Withdrawals
- Only £50 Minimum Trade
- Regulated Broker by ASIC-Australia
- Bonus £50 Cask-back
- Free Demo
- Up to 200% Return
- Only 22 assets to trade
Last HighLow Review update: 20th April 2017
HighLow.net is owned and operated by an Australian company called Highlow Markets Pty Ltd (ACN 143 553 628) and they are regulated by the Australian Securities & Investments Commission (license number 364264).
Since its establishment in 2013, HighLow has gained considerable reputation as a reputed and regulated binary options broker who are meeting the growing demand for a quality broker for clients from around the world.
Founded in 2010, this Australian platform is considered to be the largest binary options broker in Australia with considerable popularity among local traders who enjoy the regulatory protection from one of the strictest government authorities (ASIC). However, it is worth noting that the AFS license and Australian regulation will only apply to financial services provided to Australian residents only.
Currently they are one of the leading binary options platforms in UK.
The company also has a subsidiary in the United Kingdom called Highlow Markets Ltd, which handles all the payments and financial aspects.
All UK traders can deposit and trade in GBP.
When it comes to the trading platform, they believe in keeping things simple. Once you sign up for an account with this broker, you can trade four types of binary options, including, spread high/low, high/low, on demand, and spread on demand from their cloud based trading software.
Hollows binary options trading platform is actually a version of MarketsPulse, which is one of the most versatile options trading platforms in the industry. Since the whole trading experience is cloud based, customers of HighLow do not need to download or install any third party software on their personal computer to trade.
HighLow customers can also trade a handful of global indices besides Forex pairs, as well as few popular commodities, including Gold.
HighLow.net understands that today’s binary options traders are busy and they often trade during free time on the go. Hence, they have developed mobile trading apps that users can install on their smart phones and trade the market from anywhere without needing to open their computer.
Types of Accounts
During our research for this review, we found that HighLow.net only offers one type of account, where the funds are safely deposited into a segregated account with the National Australia Bank (NAB), one of the largest and most reputable banks in Australia.
With the single account, HighLow.net customers can gain full access to all the trading assets, four types of options, and all options duration for trading.
Assets Offered by HighLow for Trading
They currently offer 17 Forex pairs to trade, including AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD, GBP/AUD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY) and GOLD.
Besides, currency pairs, binary options traders can also enjoy trading five indices such as AUS200, HKG33, JPN225, UK100, and US30 with this broker.
Minimum Deposit Requirements, Offered Bonuses/Promotions
HighLow.net offers their accounts in several different currencies and the minimum deposit requirements are based on the type of account and method of deposit.
HighLow would require a minimum £50 deposit if you decide to fund your account with all kind of deposits ( If you are based in Australia, the min.deposit would be AUD $10 if you deposit via domestic bank transfer )
On the other hand, for their US$/€/£ denominated accounts, the minimum deposit amount is always £50 regardless of deposit methods.
Currently, they are offering a a £50 bonus cashback promotion when customers sign up and trade £50 worth of options with any assets.
This broker has no fixed payout ratio. Instead, traders will enjoy a very high payout ratio compared to other brokers based on the traded assets and the duration of the trades. Currently, HighLow offers payouts up to 200%, depending on the asset and duration.
Regardless of which asset you are trading, HighLow platforms always show the payout ratio of the trade before you execute the trade. Also, they will show you if the current trade is trading “in the money” or “out of the money.”
Deposit and Withdrawal Methods
As a regulated broker, they needs to adhere to strict regulatory compliance, and that’s one of the reason they only accept a handful of deposit and withdrawal methods.
Besides traditional funding methods like major credit cards and bank wire transfer, HighLow also supports funding via Neteller.
Although they do not charge any additional deposit fees, if you choose to withdraw via credit cards or Neteller, they will charge a low fee of 1.5%. Also, they will charge a $20 fee for sending funds to an overseas bank account via wire transfer.
Please note that while requesting a withdrawal via credit cards and Neteller, the minimum you can withdraw is $50 at a time.
HighLow customers can reach their customer support desk via email at [email protected] 24/7. If they require more immediate attention, they can direct calls HighLow offices in Australia, UK, and Singapore. HighLow currently lists three phone numbers in these respective countries, 1300 870 442 in Australia, 800 130 1608 in Singapore, and 0800 048 8748 in the United Kingdom.
HighLow Review: Summary
We traded several assets with HighLow for a week and found their trading platform to be extremely reliable. Although we faced some connection timeout, after discussing the issue with HighLow staff over email they suggested us to upgrade our browser that supports HTML5. Once we used the latest version of Google Chrome, the connection issue was promptly resolved.
Also, the web based trading platform was very easy to use and they always showed all open positions in one page.
Although the regulatory oversight does not include non-Australian citizens, as a regulated broker they have to maintain a certain level of reputation to conduct business. Which means, UK and international binary options traders can also trust HighLow to provide them with the same level of customer satisfaction and service as the Australian clients.
We found that HighLow customer support to be very responsive and anyone looking to trade with an Australian broker regulated by the Australian Securities & Investments Commission, they should consider this broker.
HighLow.net: Customer Reviews[WPCR_INSERT]
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