Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!
HighLow Review and Tutorial 2020
Go to the Brokers List for alternatives
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.
|Instruments||Crypto, Binary Options|
|Mobile Apps||iOS, Android and Windows|
|Coins||BTC, ETH, XRP, BCH, LTC|
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. Owned and managed by an Australian holding company called HighLow Markets Ltd, HighLow has become one of today’s leading binary options broker.
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 2020, 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.
Regulation & Reputation
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.
Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!
The trading platform allows its users to trade the binary options market with 5 different types of option contracts namely High/Low options, High/Low spreads, Turbo options and Turbo spreads options.
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. As for turbo options and the High/Low options, the expiry time for the former are from 30 seconds to 5 minutes while the expiry time for the latter is on an intraday basis.
Apart from the web-based platform which is accessible through any web browser, High/Low has also ensured that traders who are unable to trade from their desktop trading terminal can also trade from their smartphones and mobile devices, by downloading a mobile trading app. 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. The mobile app is free can be downloaded from Google Playstore or Apple App Store.
Trading Accounts Offered
In terms of trading accounts, HighLow has opted to depart from the binary options industry’s traditions of providing traders with a choice of several different types of trading accounts.
With HighLow, there is only one standard type of trading account which anyone can open by completing the registration form and making a minimum deposit of $/£/€50. For traders in Australia, a token sum of AUD$10 is required.
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.
Bonuses & Promos
As for bonuses, HighLow offers a free cash back offer of $50 for all trading accounts which have been approved.
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.
In late 2020, Highlow did begin to address some of these issues, adding a range of new assets, including UK and US Oil prices, and indices such as the CHN50, Nasdaq and S&P.
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 09:00 to 04:00 (AEDT/AEST time).
Deposit & Withdrawal
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. All major credit cards such as VISA and Mastercard are supported. For eWallets, HighLow accepts transfers through Neteller, Poli, Sofort, PaysafeCard, GiroPay and soporpay. Withdrawals can be done through the above mentioned methods as well. But it should be noted that there is a minimum withdrawal amount of $50. The typical withdrawal processing time takes one day, if the request is made before the 2pm cutoff time.
Are HighLow Best For Day Trading?
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.
What is the minimum deposit requirement to open a trading account?
For Australian based traders, the minimum deposit requirement is merely AUD$10. As for international traders, the minimum deposit requirement is $/£/€50.
How fast can my withdrawal request be processed?
Withdrawal requests at HighLow are processed on an intraday basis if the request is submitted before the 2 pm cutoff time.
Is HighLow a reliable broker?
Yes. HighLow is a reliable broker as they have been operational for a few years. In addition, the broker is regulated by the Australian Securities & Investments Commission.
What kind of trading platform does HighLow have?
HighLow uses the white labeled trading platform supplied by Markets Pulse.
What is the maximum leverage available at HighLow?
With binary options trading, there is no leveraging of trades. As such, HighLow does not offer their traders any form of trade leveraging.
HighLow only accepts traders from Australia, Japan, China.
HighLow Broker Review 2020
HighLow is an interesting and regulated binary options broker. Our decision to review this broker is driven by the fact that we feel that is an excellent opportunity that traders in Asia, Middle East, Africa, Australia and Europe can take advantage of. US traders are, however, unable to trade with HighLow, but they are always free to use other brokers with support for US trading.
The HighLow website is intuitively designed, making it easy to use and it doesn’t overwhelm users with lots of information streaming. The main focus of the website is on binary options trading services. With an excellent trading interface, you are bound to have a lot of fun with it, just as we did, when we were doing a HighLow review. If you are interested in knowing the various terms and options of this binary broker service, be sure to read the rest of the HighLow review.
HighLow Account Features
HighLow is owned by RCTM – an Australian based company with Australian Financial Services License Number (ASIC) 364264. Some of you may wonder why we consider regulated status a review when reviewing this service. The response to this is straight forward, and it is because a regulated broker is required to ensure more customer protection facilities such as compliance to a state customer protection agency, definite protocols in case of complaints, segregated funds, ensuring customer deposits and much more.
It is thus a nice opportunity for traders who prefer trading with AUD to join and benefit from the additional perks that HighLow is currently offering. The staff at HighLow has various unique promotions which are great benefits to both present and future customers. For instance, there is a $50 cash back promotion on your first trade.
Again, the product itself can be considered as a special feature. In the past, we have always discussed such topics in our Software and Assets review section, but for HighLow review, we had no option but to make a brush at the advanced binary options types it has in store for you. It is possible for a trader to achieve up to 100% and more with HighLow and 200% and above with the on-demand options. You will also be pleased to know that with HighLow, it is not only the expiry time that matters, but also the spreads allow traders to have greater control of the outcomes of their trades.
You are free to test these and many other amazing features without any hassles or even the need to make a deposit since HighLow offers a demo account, which operates on the demo mode for the entire website. It also doesn’t limit the amount of time you can be on the HighLow demo and you get up to a maximum of A$10,000 virtual currency to play around with on the demo account.
HighLow Trading Software
The High Low trading interface is one of the most intuitive and friendliest ones you will ever come across. The trading is also designed in such a manner that it just flows. You will find the binary options types at the top of the bar, with the second row having the preferred expiry times. The binary options presented are in a feature known as binary options carrousel and this makes it possible to browse easily and with great access to the most important information available. We found this feature to be very convenient when we were doing our trading for the HighLow review. One of the first options that users can choose is the traditional, digital, high and low binary options.
With HighLow trading, traders are able to realize up to 90% ROIs with these instruments, and this can happen irrespective of the amount deposited, starting from as little as A$10. This is without any doubts the highest possible returns available in the industry for such kinds of instruments.
The first binary option is also possible with HighLow for the traders who prefer such. All they need to do is to choose the “Options on Demand” tab with expiries of 5 minutes, 90 seconds or 60 seconds. During the HighLow review, we discovered that Options on Demand can sometimes be very versatile and flexible at the same time. It can work well for traders who like taking advantage of short term patterns as well as some dynamism in their trading environment.
Forex type spread high-low trading is the second type of binary option available with HighLow broker. Spread trading is ideal for investors with high-risk appetites but also keen on getting returns of up to 100% and above. Spread on demand options can make traders feel more adrenalin rush when they decide to shorten the expiry times.
One of the benefits of working with regulated brokers is that they have secure first class data streams which cannot be easily manipulated. The other interesting feature is the Trader’s choice of the indicator at HighLow used for assessing the market sentiments. We were able to find out how the indicator works during our HighLow review. The feature is located on the left side of the trading window and it continually avails updates on the market sentiments.
After four trade actions, Trader’s Choice will appear and it will be updated every one minute for 15-minute options, five minutes for the hourly options and every 15 minutes for the daily options. A trader may decide to hide or show the feature and in this manner, they will be sure it is coming from the choices being made by their colleagues.
HighLow broker also has a Smartphone app on the go, making trading success to be just a few touches away. The HighLow mobile app is available for both android and iOS devices.
HighLow Support Information
Our HighLow broker review confirmed to us that the customer care service is indeed available. This is not just because it is a regulated broker, hence, must have a clear channel of communication in case of complaints. But it is because the process is unnecessary since HighLow has a rich FAQ section which goes into great details to give explanations for most of the potential concerns any customer may need the support staff for.
Should there be the need for a customer to contact the support, they can do so via email, which has been given priority over the other channels. There is also a phone contact for traders who are in a hurry or need to contact support urgently. It is, however, disappointing to note that there is no live chat for support with HighLow.
The broker supports Japanese and English and accepts traders from all over the globe, with the United States being one of the exemption.
Tip: Trade with reputable and regulated brokers on FX-Advisor.
List of the 11 Best Binary Options Brokers – Review 2020
The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.
|Broker:||Review:||Regulation:||Min. Deposit:||Yield:||Advantages:||Open Account:|
|1. IQ Option||(5 / 5)
|CySEC (EU)||10$||up to 100%+|
Huge range of assets
High Yield 92%
High Yield 87%
High Yield 95%
Trade with cents
Huge range of assets
Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.
For more information about the financial product and how it works read the article: “How are Binary Options are working?”
The criteria of the Binary Option Broker Review 2020
If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.
Criteria for a good and reliable Binary Options Broker:
- The official physical address of the broker
- Regulation or license
- Free Demo Account
- Experience in the markets
- Good support and service
- High asset profit and fast execution
- User-friendly trading platform
- A platform for mobile trading
Reliability of a broker and safety for traders
It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.
Official regulation and license are very important
High payout and asset return of investment for Binary Options
One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.
Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.
Which broker provides the highest profit?
Free and unlimited Demo Accounts are necessary for every trader
The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.
Open your free demo account now.
On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.
How to open your real account
The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)
What do you need:
- Data: Full name, address, birthday, phone number
- Picture/copy of your passport
- Sometimes picture/copy of a utility bill
Review of the Binary Options Brokers support and Service for traders
As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.
You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).
Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.
The companies in this review offer you:
- Chat support
- Telephone support
- Email support
- Education centers
- Webinars, videos, strategies
- Account types
- Account managers
Diversity of assets and test of the Binary Options trading platform
I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.
First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.
Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?
Facts of the Broker Review:
- Fast execution for your trades
- Use indicators and more
- Apps for mobile phone
- More than 50 different assets
On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.
Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)
Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.
Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.
The first steps for your Binary Options success:
- Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
- Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
- Use the Demo account. It is an account with virtual money. So you trade without risk the markets.
You should ask yourself these questions:
- What do I want to achieve with the trading of Binary Options?
- How much I want to invest?
- Where, on which market I want to trade?
- How do I react to losses?
- What are the chances of winning?
Deposit and withdrawal by a Binary Options Broker
Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.
Bonus Programs and conditions for traders
Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.
It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.
The deposit bonus is a good way to increase your account balance and to trader with more risk.
As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.
- Deposit bonus: Get additional money to your account balance.
- No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.
Welcome Bonus for beginners
The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.
On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.
Binary Options Tournaments
In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.
The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.
Countries for traders
Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.
Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.
The fastest growing countries:
Are Binary Options legal?
Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.
Find the best Binary Options Broker 2020 – Conclusion of my review
On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.
Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.
Read more about them in my reviews:
I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”
Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
Good Choice For Experienced Traders!