04 Jun HighLow Markets Review | Comprehensive 2020 Review
Choosing the right Binary Option broker to trade with can often mean the difference between riches of unimaginable amounts by trading profitably or losing it all to an unscrupulous broker. In recent years, there has a been a fair bit of flak in the binary options market around the world, caused by unregulated and unethical brokers who either game their platforms or downright swindle money off their investors.
If you’re new to Binary Option Trading, then check out our recent article on the 3 Reasons why you should be trading Binary Option.
Amidst all this, it is refreshing indeed to see note that a few companies have managed to rise above the furore in the binary options trading industry. HighLow Markets is owned and managed by a registered Australian holding company called HighLow Markets Ltd. HighLow is one of today’s leading binary options broker provider in Australia.
With Sydney, Australia as its corporate headquarters, HighLow Markets is one of the few binary option brokers with a huge following around the world. Incorporated in 2010, HighLow has since been doing amazingly well serving a mixed clientele from around the world.
Over the past 10 years too, they have also earned a reputation for being a trustworthy and upfront binary option broker. HighLow markets also does to resort to telemarketing and other aggressive marketing methods to entice new customers, and simply just relies n the worth of mouth and it’s excellent reputation as a binary option broker and more.
What is HighLow Markets?
HighLow is essentially an Australian based binary options broker. They are engaged in the business of providing an online based platform that traders around the world could use to trade in binary options. The company was incorporated in 2010, and their online trading platform was first made available in 2014.
Is HighLow a Regulated Binary Options Broker?
HighLow is also a fully licensed and regulated binary options broker operating under the rules of ASIC (Australian Securities and Investment Commission). HighLow holds the Australian Financial Services License (AFSL 364264) to conduct it’s business in facilitating binary options trading.
Being under the regulatory purviewof ASIC requires licensees, such as HighLow to meet strict capital requirements and to implement and comply with internal procedures including risk management, staff training, accounting and audits. All of which combines to provided the reassurance and peace of mind for you to know that your deposit in your trading account is in safe hands.
HighLow Markets is widely known in Australia and New Zealand and also does have a following amongst traders in other countries such as Japan and China previously.
Being regulated under ASIC means that HighLow as strictly follows the segregation of monies methods, ensuring that clients and investors funds are kept separately from the company’s in an authorised Australian bank account, as required by the authorities. Hence there is no risk to your funds when you choose HighLow as your preferred binary option trading platform.
Who Can Trade on HighLow Markets?
For the time being, HighLow Markets only accepts traders from Australia. Although the platform used to accept traders from countries such as Japan, Hong Kong and numerous others, recent changes in the Australian trading and securities law has meant that it’s limited to accepting traders in Australia only for the time being.
HighLow Trading Platform | HighLow Markets Review
HighLow has put in a a lot of effort into providing a seamless binary option trading platform that’s not only user friendly but also packed with features to make your binary option trades as easily as possible. Amongst other binary option broker’s software, HighLow stands out as it offers an uncluttered view of the platform and its tools, as well as the kind of information provided on it for free.
HighLow‘s trading platform also boasts incredibly powerful data security, utilising only the highest levels of encryption and other technology to secure your data.
What Can You Trade on HighLow’s Platform?
HighLow Markets are obviously known for being an excellent Binary Option broker, as such the main offering on the platform is binary option trading. However there is a wide variety of options you can trade on, this includes forex pairs, commodities, bitcoin and stocks, and stock indices.
Although the list of assets available is not as extensive as some rival firms (IQ Option for example), and this is something they are currently working to improve on. However their offering is still adequate and covers a wide variety of forex pairs and other instruments as listed below:
- BITCOIN CASH
HighLow’s Option Types | HighLow Markets Review
HighLow‘s binary option trade offering on the platform is basically categorised into 4 types. They are as listed as follows:
- High/Low – Well, no surprises here! This would be HighLow’s standard binary trade offer. This is where the asset value finishes higher or lower than the current price. This type of binary option trade expires anytime between 15 minutes to ‘End of Day’. As a trade you can choose your own expiry time of the trade.
- Turbo – The turbo binary option trade follows the same process as a standard High/Low trade, with the difference being that these have very short time of trade duration, with the expiry ranging from 30 seconds, 1 minute, 3 minutes or 5 minutes.
- High/Low Spread – As High/Low. The difference is in the difference between the payout and strike price. A 100% payout is offered on the ‘spread’ options. Traders however, will need to make up the spread. Hence, if the current market price on the UK100 is 5324.8 – traders might be presented with 5325.1.1 to go higher and 5324.5 to go lower. This extra margin (also known as spread) is where the broker make their profit, and allowing you to pocket a 100% of the profit.
- Turbo Spread – Short term expiry high / low options – but with a spread on the current market value and payouts of 100%. Similar to the above.
Deposit And Withdrawal | HighLow Markets Review
It’s no surprise that making deposits and withdrawals on a platform as reputed as HighLow is a breeze. They also do offer various options to do so and are very prompt in processing withdrawal requests. You may want to recollect as mentioned earlier this article that all client funds are held in a trust account that separate from the HighLow as a company’s accounts. The trust is operated by the National Australian Bank (NAB), and complies with the requirements set forth by ASIC (Australian Securities and Investment Commission). This certainly provides peace of mind and shows that HighLow operates with complete transparency in amazing client funds.
Credit/debits cards, Neteller (e-wallet service) and wire transfers are all fully supported when you start trading with HighLow today. The minimum deposit requirement is $10 for bank transfers and $50 for Credit Card / Neteller. Wire transfers would also credit your trading account the same day, if they’re done before 12pm of a weekday.
On top of these popular methods to fund your new HighLow trading account, there are is another almost 35+ other ways to deposit funds. This includes using SoFort, PaySafeCard and GiroPay. Hence there really are no issues with either funding or withdrawals to be made fro your HighLow trading account.
Withdrawals are also processed typically within 24 hours of your submission and usually available in your bank account within 3 working days thereafter. Minimum withdrawal amount is fixed at $50 for all methods. In addition, unlike some other binary option brokers, all withdrawals are completely free and no charges are levied on them.
We all love bonuses don’t we! HighLow is currently offering a limited time $50 Cashback as a sign-up bonus for all new traders! So if you’ve yet to get yours, do go ahead and click the link below to sign up immediately to qualify for this LIMITED TIME promotional offer. I mean hey, we all love free money right?
Hope you enjoyed our comprehensive review on HighLow Markets in 2020 and don’t forget to come visit us again for more trading tutorials and tricks on how you can trade profitably in no time at all!