When I wrote my review on BinaryTilt a few days ago, I was certain they were regulated in New Zealand. One of my subscribers (thanks, Bill!) informed me that they have been deregistered and are currently not regulated anywhere. Therefore, I decided to write a review on the HighLow broker, which actually IS regulated in Australia for the benefit of traders in Canada, Australia, New Zealand, China, Japan and other countries as well. Actually, many Australians have been asking me about this broker in the past, but I never had the time to properly review it. Now I am finally ready. So is HighLow a SCAM binary options broker or are they legit? Check out my objective review TODAY!
HighLow is regulated by the Australian Securities & Investments Commission (ASIC; license number 364264). ASIC is a very stringent regulator which requires licensees to meet strict capital requirements and to implement and comply with internal procedures, including risk management, staff training, accounting and audits. HighLow Markets Pty Ltd., the company that owns HighLow, is physically located in Australia. Their phone number is 1300 870 442 and their support email is firstname.lastname@example.org. They also have a Singapore phone (800 130 1608) and a UK number (0800 098 8548).
HighLow is the largest and most popular binary options broker in Australia. They have been around for 13 years since 2003 and their website enjoys great popularity with a global Alexa rate of 32,468. In Japan they are ranked 2,404 and 93.7% of their traffic is Japanese. 1.3% of their traffic comes from Malaysia, 1.2% from Australia and 0.7% from the UK. The HighLow.net website is available in both English and Japanese. Client funds are held in segregated trust accounts with the National Australia Bank (NAB). They do not use client funds (or unrealised profits) to hedge in the underlying market.
HighLow trading platform
HighLow uses the MarketPulse trading platform, which offers 23 to trade and payouts of up to 180-200%. Assets include 17 currency pairs (AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD, GBP/AUD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY), one commodity (gold) and 5 indices (AUS200, HKG33, JPN225, UK100, US30).
The minimum deposit for new accounts with HighLow is 50 (AU$/US$/€/£) and the minimum trade amount is AUD $10. You can fund via a credit card or Neteller. The minimum funding amount for wire transfers is AU$10 or 50 (US$/€/£). Withdrawals via credit card and Neteller are processed in real time, and for wire transfers they take 1-3 days. New accounts will receive up to 50 (AU$/US$/€/£) in bonuses and unlike other brokers, there will be no limitations on withdrawing your cashback once its been redeemed. HighLow state that they pride themselves “on fairness and transparency, and do not subject our clients to unrealistic trading volume requirements before cashbacks can be withdrawn.”
Apps for both iPhone and Android are available which allows you to keep trading wherever you happen to be as long as you have an Internet connection.
HighLow free demo account
With HighLow, a FREE demo account is available with $10,000 in virtual funds. As some of you know, I usually recommend that newbie traders starting out their binary options trading career spend at least 1-2 weeks using our signals on a demo account before risking money on a real account. For those of you who don’t like the IQ Option platform, HighLow is a great alternative.
Signals for use with High Low
As you may know, I don’t recommend taking trading advice from brokers (see my Guidelines for Dealing with Brokers). With HighLow this will not be an issue because as an ASIC-regulated broker, HighLow are not authorised to offer personal advice such as trade recommendations. HighLow also doesn’t work with any type of auto trading software so if you’re not a professional trader, you will have to use a signal service to guide your trading. If you prefer to trade on your own, check out my favorite trading strategies.
Overall, HighLow seems like an excellent broker for traders anywhere, not just in Australia. The last thing I’m going to do is to check the inbox of both Binary Options WatchDog and Michael Freeman to see if there were any complaints or feedback about HighLow in the past 3 months. I found many questions about them from people who wanted to sign up with them and from people who already had an account with the broker, but no complaints at all. Therefore, I can say with confidence that HighLow is NOT a SCAM, but a legitimate broker. And if you use them as a platform for trading Mike’s signals, I can guarantee that you will be making great profits in no time. Please hit me up with any questions or comments regarding HighLow. I would especially love to hear from people who have been trading with them for a while.