|HighLow is the most trusted Australian binary options broker. The required minimum deposit is only $50.
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Highlow is an Australian broker, established by the company Highlow Markets Pty Ltd in 2014. Their headquarter is located in Sydney, Australia but they also have offices located in London, United Kingdom.
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Although Highlow is based in Australia, they accept traders from around the world. They provide a high return rate of between 180% – 200% for winning trades. Highlow accepts traders from Australia, Europe, Africa, and Middle Eastern but they don’t accept US traders.
HighLow is powered by the MarketPulse trading platform. The platform has a straightforward layout, that allows you to easily access all the necessary features without the need of having previous trading knowledge. There are only two types of assets you can trade which are forex pairs and indices.
It supports several classes of binary options including spread highlow, standard highlow and options on demand.
The trading platform offers a variety of expiry time frame to choose from including 60 seconds, 5 minutes, 15 minutes, 1 hours, end of day and 24 hours +.
Highlow provides a smartphone app for iOS and Android, which traders can download and use for online trading. The mobile app offers all the essential features that are available on the Highlow Trading Platform. The mobile app supports Android smartphones, iPhone, and iPad.
Free Demo Trading Account
Highlow offers a demo account that is pre-loaded with $10,000 of virtual funds so you don’t have to deposit your own funds to test drive it. There is no need to register for an account to test drive the demo.
The demo account does not limit you on the number of times you can use to practice your trading strategy. If you are satisfied with the trading platform, you can proceed to register for a new account. The account supports three major currency including USD, AUD and JPY. New signups are entitled to a $50 cashback for the first trade.
Highlow accepts a variety of deposit/withdrawal methods including credit card, bank wire and Neteller. The minimum deposit/withdrawal requirement vary depending on where your account is based. If your account is based in Australia, the minimum deposit/withdrawal requirement is AU$10 for bank wire and AU$50 for credit card transfer. If your account is based in USA, the minimum deposit amount is $50 regardless of which deposit methods you choose.
You can only withdraw less than the minimum amount if you want to terminate your account. Highlow will process your withdrawal request on the same day you submit the withdrawal request before 2 PM. Usually, it will take 2 – 3 days for the funds to appear in your bank account. Highlow does not charge any fee when you make a deposit via credit card.
There is no restriction on the number of times you can withdraw from your account. They do not put any limitation on the cashback that is awarded to your account. You can withdraw the cashback as soon as it is redeemed. The funds can be deposited in a number of major currencies including Australian Dollar, US Dollar, Euro, and Pound Sterling. The daily withdrawal limit is $20,000 per day. They charge a fee of 1.5% of the balance if you withdraw via credit card or Neteller. Those who want to perform international bank wire transfer will be charged with a fee of $20.
Highlow Binary Options brokers offers customer support services via email and telephone. Email is the best way to contact the customer service team. They provide toll free telephone support for customers in Australia, Singapore and UK. Highlow has different support hours for customers from different countries. The support hours for Australia customers is from 8 am to 4 am AEDT/AEST, from Monday to Friday. The support hours for Singapore is from Monday to Friday, 5 am to 1 am SGT. For the United Kingdom, the support hours is from 9 pm to 5 pm. Highlow does not provide live chat customer support. The FAQ page provides answers to 90% of the questions that traders ask. Highlow customer services supports both English and Japanese.
License and Regulation
Highlow is a licensed broker registered with the Australian Securities & Investment Commission. Highlow meets the ASIC requirements to obtain a license. Australia has one of the toughest regulations for getting approved for a license. The broker holds the Australian Financial Services license with the license number 364264.
Highlow protects clients’ funds by segregating it to a trust account in National Australia Bank. They never use the money that belonged to the clients for hedging or margining purposes. All the online transactions are encrypted with secure SSL protocol.
In conclusion, Highlow is a very good broker as they are regulated in Australia and have one of the lowest minimum deposit requirement in the industry. Highlow has managed to maintain a clean reputation up until now and they continue to be the top choice for Australian traders.