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Based in Australia, HighLow offer a superior binary options experience. Regulated by ASIC, the firm run an honest and transparent service with a great platform. In an industry which has been receiving a lot of bad press recently, it is refreshing to see a few companies have managed to rise above the furore in the binary options trading industry.
With their corporate headquarters located in Sydney, Australia, HighLow is one of the few remaining binary options brokers that are still going strong. Since its inception in , HighLow has been serving clients from all over the world. And over the years, the broker has earned a reputation of being a transparent and trustworthy broker. It is one of the handfuls of binary options brokers in the world that does not have a call centre operation. In other words, this broker does not pursue aggressive marketing tactics for its products and services.
As mentioned earlier, HighLow has earned a reputation among binary traders in the online trading community as being one of the few brokers that is trustworthy and transparent. While the bulk of the binary options brokers around the world have opted to shift their operations to a tax haven country in the Caribbean, HighLow has chosen to remain in Australia under the jurisdiction of the Australian Securities and Investments Commission ASIC.
ASIC is one of the few financial regulatory bodies in the world that is highly regarded in the financial industry as being strict, as well as professional. In other words, HighLow is able to offer its clients the peace of mind that their money will be safe with the broker. For access to the financial markets, HighLow has opted to adopt the white labeled trading platform provided by Markets Pulse.
While the trading platform does not have as many features as the popular SpotOption binary trading platform, it is well designed to suit the needs of traders who are just beginning to take up online trading. The main difference between the normal option contracts and the spreads options contracts is the fact that the expiry for the latter is extended to cover a range of prices rather than a single price level.
Traders can also check out their account status and keep themselves updated with a live news feed that is streamed through the mobile trading platform.
As for traders who are unsure of whether to commit to a signing up with HighLow, they can actually opt for the demo account first. The demo account is provided free of charge by HighLow and does not even require you to register. While the services at HighLow are exceptional, we noticed that they are a little lacking with regards to the list of available underlying assets.
Their asset list is not as extensive as what most binary brokers are offering in the industry. Currently, HighLow has only 43 different types of assets.
Nevertheless, the available assets are able to cover different asset classes such as currencies, commodities, and market indices. Customer support is another area which HighLow is sorely lacking. At present, you can only contact their support team through email and the telephone.
As for telephone support, the service is only available on weekdays from For the convenience of their traders, HighLow has provided support for a wide array of payment methods. Fund transfers can be made through bank wire transfer, credit cards or ewallets.
Withdrawals can be done through the above mentioned methods as well. The typical withdrawal processing time takes one day, if the request is made before the 2pm cutoff time. As a day trader, you are looking for a broker that can provide you with the ability to open and close trades within a short span of time. This is possible with binary options as the expiry time can be as short as 30 seconds. In other words, HighLow is a suitable broker for a day trader. Withdrawal requests at HighLow are processed on an intraday basis if the request is submitted before the 2 pm cutoff time.
HighLow is a reliable broker as they have been operational for a few years. With binary options trading, there is no leveraging of trades. As such, HighLow does not offer their traders any form of trade leveraging.
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