Tradorax Broker Review
4 stars based on
The brokerage runs a transparent business model, including offering client money protection. As the binary options industry continues to go through a consolidation phase, some interesting brokers from Australia have sprung up.
These binary options brokers focus on strong business practices and are backed by the ASIC licenses, which are considered one of the toughest.
HighLow belongs to this class of brokerage, where transparency and legitimacy takes priority over everything else. We are happy to review a regulated binary broker with a strong reputation. It started providing over the counter derivatives back in The broker uses MarketsPulse software to provide binary options trading to its clients.
You can trade in a web browser or on a smartphone by downloading the app from the App Store or Google Play. HighLow trading platform is powered by MarketsPulse, one of the leading providers in binary options; it is a browser-based trading interface. Even for complete beginners, the layout of the platform interface is simple to understand.
All binary options are displayed with predefined expiry time and payout. Once you choose your preferred option, you have to decide on the direction and investment. The largest selection is on forex options. You can easily switch from trading short-term binary options, including flexibility to filter based on assets, as well as Turbo options and Spread options. You can also trade the short-term expiry options under Turbo and Turbo spread.
There are many different expiry times available for trading. The shortest expiry time for the binary option contracts are second expiries, and traders can binary options where it really belongs opinion choose second, 3-minute binary options where it really belongs opinion 5-minute options.
Considering the trading interface is browser based, the trading indicators are limited. The charting interface displays the price in area only and offers little in terms of aiding in any technical analysis.
Regarding the selection of assets available for trading at HighLow, the choices are limited. There are a total of 17 currency pairs that can be traded on top of gold and 7 indices, which includes the Dax 30, the CAC40 and the Australia Stock options are not offered. You can find all binary options on one page, or you can select by asset and expiry time. The quick demo is available on the app as well, so you can easily test it and perform some trades before you go live. You can download the free app directly from iTunes and Google play stores and access your trading account.
However, it is really easy to start the HighLow demo and purchase options directly on the web platform. All types of options and expiries are available, and you can see exactly what your live trading would be. Traders must know they need to pass through verification during the registration process. If you skip this process, you will have to manually send a copy of your ID.
After the account is approved, traders can make a deposit. You must fund your account before option contracts are issued to you. The offered binary options are not standardised, and HighLow sets the terms of an option contract. Traders can seek potential profit during news releases. The choice of expiry times for the contract varies, meaning that there is flexibility for traders.
What makes this offer quite friendly is that there are no strings attached, meaning that traders can withdraw their funds at any time. HighLow runs a loyalty program for all traders with live accounts. There are four levels available, and traders can reach a higher level by increasing trading volume. HighLow accepts a wide range of deposit and withdrawal methods.
Traders can choose from credit card funding, which includes MasterCard and Visa payments and e-wallets, such as Neteller. Bank withdrawals are processed twice a day. Credit cards and e-wallets withdrawals are executed instantly. There are no fees for making deposits, but withdrawals via Credit card and Binary options where it really belongs opinion include a 1.
There are no withdrawal limits. Additionally, there are over 35 other payment methods that can be used, including a host of e-wallets and Bitcoin payments as well.
For any questions or for problems, traders can use the HighLow customer support, which can be reached via a local toll-free number in Australia and via email. The web page offers a vast database of customer queries, which answers some of the most commonly asked questions, and in many cases, this is more than enough.
Still, if traders face some unique problems not covered in the customer resources or the FAQ page, then they can contact customer support via phone weekdays Highlow Markets Pty Ltd Address: The company is licensed to offer financial services, which are covered by the ASIC regulations. Wrapping up the review for HighLow, I can see that the ASIC license, along with the client money protection scheme, are two aspects that really stand out and make this broker very strong.
There is a lot left to be desired, however, in terms of having wider choices in trading assets and charting tools. The top high payouts and instant withdrawals make HighLow the perfect choice if you decide to trade binary options. Skip to main content. HighLow Review You are here Home. Expiry time There are many different expiry times available for trading. The regular expiry times start at 15 minutes and include 1-hour and up to one day expiry times. Indicators Considering the trading interface is browser based, the trading indicators are limited.
Assets Regarding the selection of assets available for trading at HighLow, the choices are limited. Live account Traders must know they need to pass through verification during the registration process.
Loyalty program HighLow runs a loyalty program for binary options where it really belongs opinion traders with live accounts. Deposits and withdrawals HighLow accepts a wide range of deposit and withdrawal methods. Customer Support For any questions or for problems, traders can use the HighLow customer support, which can be reached via a local toll-free number in Australia and via email.
Company HighLow Company Name: May 10th, Regulated by: HighLow reviews by traders Wrapping up the review for HighLow, I can see that the ASIC license, binary options where it really belongs opinion with the client money protection scheme, are two aspects that really stand out and make this broker very strong. Hello, thank you for the very informative HighLow review. It is a bit frustrating that traders in the US are binary options where it really belongs opinion to use off shore shady companies binary options where it really belongs opinion of regulated brokers.
Sat, 08 Jul Log in or register to post comments. HighLow, on the other hand, provides over the counter derivates, which are not exchange rated. The binary options at HighLow are for speculating indirectly on a range of underling securities without having to own and pay the full value of the security.
Hello, I am from the Netherlands and I have been using HighLow for some time now and I like the instant withdrawals, but please explain how the spread options are calculated? How is that work? Tue, 27 Jun Spreads are determined by many factors, including volatility of the asset, liquidity, and time until expiration. Wed, 28 Jun Why do binary options brokers always offer the same payout for both directions? Hi, sorry for late reply. Yes, you are correct the payout for a Call or Put is always the same, and it is not dependent on the Traders Choice indicator.
Who is the price quotes provider, and is it true that HighLow manipulates prices before the original expiry of an option? I can see there is a difference between prices on MT4 and highlow. Tue, 20 Jun Not sure what you mean about price manipulation. HighLow is surely not high jacking prices for traders to lose positions. Differences with MT4 are absolutely normal as we are not using the same quotes providers.
Sun, 25 Jun How exactly does ASIC regulation protect traders? Mon, 19 Jun There are several key points that traders should be binary options where it really belongs opinion of. It is also important to mention that when you make a deposit at HighLow, your money is held in a Trust Account with the National Australia Bank, which is binary options where it really belongs opinion AA-rated top-tier bank. I tried the quick demo, and I like it a lot.
The platform works really fast and offers great payouts. Fri, 02 Jun Yep, currently traders from Canada are welcome to open live accounts. HighLow treats all its clients equally, regardless of their country of residence. All client binary options where it really belongs opinion are held in segregated trust accounts with National Australia Bank. Tue, 06 Jun What does it mean that all funds are segregated in trust accounts? I have been using this broker since Januaryand I can confirm the instant withdrawals make the difference.