|HighLow is the most trusted Australian binary options broker. The required minimum deposit is only $50.
|Promo: $50 Cash-Back Bonus||» Sign up now|
Highlow is an Australian broker, established in 2014 by the company called Highlow Markets Pty Ltd.
Their headquarter is located in Sydney, Australia but they also have offices located in London, United Kingdom.
Highlow is based in Australia, they only accept Australian traders.
The return rate on Highlow can be as high as 180% – 200% for winning trades.
Is HighLow a Scam?
No. Highlow is in fact the most trustworthy binary options broker in Australia.
|Company||HighLow Markets Pty Ltd|
|Address||Level 10, 20 Martin Place, Sydney, NSW 2000, Australia|
|Regulation and License||ASIC with license #364264|
|Australian Company Number (ACN)||143 553 628|
|Australian Business Number (ABN)||85143553628|
Here are 3 reasons why I love Highlow:
1. License and Regulation
Highlow is a licensed broker registered with the Australian Securities & Investment Commission.
In addition, the broker 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.
I checked the number myself to make sure the license is still valid. And it is.
Highlow protects clients’ funds by segregating it to a trust account in National Australia Bank. Furthermore, they never use the money that belonged to the clients for hedging or margining purposes.
Apart from this, all the online transactions are encrypted with secure SSL protocol.
3. I checked their financials
Highlow is a big company. I checked some financial data and came across their 2019 annual revenue. Take a look
Highlow Trading Platform
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.
If you are looking for CFD Trading, then HFTrading is the best choice.
Highlow offers a demo account that is pre-loaded with $10,000 of virtual funds:
- 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 and withdrawal methods including credit card, bank wire and Neteller.
The minimum deposit and minimum 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 in US Dollars, 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. Luckily, 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.
On the other hand, 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
- Pound Sterling
The daily withdrawal limit is $20,000 per day. In addition, they charge a fee of 1.5% of the balance if you withdraw via credit card or Neteller.
Those who want to perform international 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.
For instance, 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.
Unfortunately they do not provide live chat customer support.
The FAQ page provides answers to 90% of the questions that traders ask. In addition the customer service supports both English and Japanese.
Highlow Australia – Alternatives
Lets compare Highlow to some of its competitors.
First of all Highlow is the only brokers that offers binary options trading and has an ASIC license. All other brokers are either not licenced or do not offer binary options.
For this reason, there are no real alternatives to HighLow if you are a trader from Australia. But that doesn’t really matter because HighLow has everything you should look for in a binary options broker.
Compared to eToro for example, Highlow has the better support (etoro has no phone support at all)and is available in more languages. Also eToro does not have binary options trading on their platform.
Is Highlow legit and regulated broker?
Yes. Highlow is regulated by the Australian Securities & Investments Commission (ASIC) and it’s legit.
“Highlow is currently unavailable in your country”. What does this mean?
Highlow only accept a few countries on their platform. If you see this error message, it means that your country is not accepted.
Are there any Highlow complaints?
Our users seem to love this broker (check the comments below). My only complaint is that they have no live chat support. It’s harder to get in contact with them, than with other brokers. Also it would be nice if they added stock trading.
Can you trade forex on Highlow?
Yes, you can trade forex in addition to cryptos, indices and commodities.
Is HighLow A Good Broker?
As you can see in my Highlow Review, this is a very good broker. Highlow has one of the lowest minimum deposit requirement in the industry. It is regulated by ASIC, which should be the top requirement when choosing an Australian broker.
For instance, the brand has managed to maintain a clean reputation up until now and they continue to be the top choice for Australian traders.