HighLow Markets Review
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|Languages||English, Japanese, Chinese|
|Minimum 1st Deposit||$50|
|Minimum Trade Amount||$10|
|Maximum Trade Amount||$20,000|
|Bonus||$50 cash-back BONUS!|
|Free Demo Account|
|Regulation||Australian Securities and Investment Commission (ASIC)|
|Deposit Methods||Visa, MasterCard, UnionPay, Neteller, Bank Transfer (Australian & Japanese Banks), Bitcoin|
|Withdrawal Methods||Visa, MasterCard, UnionPay, Neteller, Bank Transfer (Australian & Japanese Banks)|
|Number of Assets||35+|
|Expiry Times||30 sec, 60 sec, 1 min, 3 min, 5 min, 15 min, 1 hour, 1 day|
|Types of Assets||Currencies, Commodities, Stock Indices|
|Option Types||HighLow, Spread HighLow, Turbo, Spread Turbo|
|Trading Currency||USD, EUR, GBP, AUD, CNY|
|Account Currency||USD, EUR, GBP, AUD, CNY|
|US Traders Allowed|
- Beautiful trading platform
- Some of the highest payouts up-to 200%
- Local payment methods
- ASIC Regulation
- Caters to small and large traders
- Only simple charting available
- Limited tradable assets
- Doesn't offer other types of binary options
HighLow Markets was started in Sydney, Australia early 2013 by a couple of experienced professionals and entrepreneurs from the forex trading space. While not the largest binary options company, HighLow prides themselves on being the most professional, honest and safest binary options broker globally. They cater to beginners and professional traders and pay out over $165,000,000 every month, so they are not a small player either.
Website and Trading Platform – 16/20
We are reviewing the new HighLow 2.0 platform and mobile app. We have traded with HighLow for over a year and had to admit the previous HighLow platform was falling behind its competitors in terms of features and design. HighLow 2.0 changes everything. Put simply, it’s beautiful!
HighLow Trading Platforms
One thing we notice is the design is simple, easy to use and fast. There’s no delay in execution, as HighLow has hosting centres throughout Australia and Asia, being where most of their clients are located. We also like being able to deposit instantly on the platform page and the favourites feature where we can save our most frequently traded assets.
A couple complaints, while the charts have been improved and look good it’s difficult to do more detailed technical analysis. Although most professionals will use separate charting software (Bloomberg, Reuters or TradingView) we are hoping this could be improved in the future. Also, we would like it to be quicker to change between option expiry times for the asset we are trading, e.g. a quick dropdown box to select a different expiry.
HighLow iPhone and Android App
The previous mobile app was so outdated we honestly hated and rarely used it. We were very surprised that it took so long, but the HighLow 2.0 mobile app is finally here on both iPhone and Android. The new app is completely redesigned and looks and operates very similar to the new web-based platform. Finally, we are also able to quickly deposit and withdrawal within the app!
The platform is currently available in English, Japanese and Chinese.
Assets, Payouts and Expiry Times – 16/20
They currently offer 25 tradable assets including currencies (USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD etc.), commodities (gold) and stock indices (Dow Jones, Nikkei, Hang Seng, DAX, UK FTSE, France CAC, ASX, China CSI300 & SSE) which is slightly disappointing as it’s below the number their competitors are offering. However we do notice that the payout rates remain high (180%+) even during volatile market conditions and data releases.
|$50 cash-back BONUS!||79/100||Review||Visit Broker|
Clearly they target a professional customer base who demands stability and profitability over quantity of assets. We know of some brokers who advertise high payout rates of 185% on USD/JPY for example but will adjust to 170% or below during volatile market conditions, such as the US Non-Farm Payrolls data release.
HighLow offer option expiry times of : 30 sec, 60 sec, 1 min, 3 min, 5 min, 15 min, 1 hour and 1 day.
Deposit, Payment Methods and Bonus – 16/20
Deposits and withdrawals are one of the hardest and complicated aspects facing many traders. HighLow offers the typical broker methods of credit cards, Skrill and Neteller. Conveniently for traders in these markets, local bank transfers from Australian (AUD), Japanese (JPY) and Chinese banks (CNY).
HighLow offers a $50 sign-up bonus for ALL new traders. On the surface this might not appear good compared with other brokers who for example offer a 100% deposit bonus. However, we consider HighLow to have the most transparent, simple and superior cash-back bonus offer. This is why:
Deposit $100. Receive $50 bonus. You make $50 of trades (e.g. $20, $10, $20), the bonus is yours to withdraw.
Deposit $100. Receive $100 bonus. You must trade 40x the bonus amount (e.g. $100 x 40). The bonus is yours to withdraw after you make $4000 in trades.
Licensing and Regulation – 17/20
Many binary options brokers have sophisticated platforms and slick marketing programs, however you often wonder what really is happening behind the scenes. How safe and secure is your capital? Where do these brokers operate from?
This is not normally an aspect you typically read about in broker reviews but in our opinion it is one of the most important. We have been lucky in our trading careers, but personally know people who have lost reasonably large accounts after their broker went into bankruptcy. It’s something you must consider if you are depositing a larger amount or are treating trading as a serious business.
HighLow is licensed and regulated by the Australian Securities and Investment Commission (ASIC), who is well known as a strict and internationally recognised regulator. This licence is very difficult to get and many even well-known brokers would struggle to meet the criteria. ASIC ensures brokers follow strict procedures and that all client funds are held in segregated Client Trust Accounts. HighLow uses National Australia Bank (NAB) for its banking.
Their Know Your Customer (KYC) requirements are quite strict and it’s important to know that your name and address during sign-up must exactly match that on your ID documents. One of our team provided a copy of their passport (primary ID) and their Residency Card (secondary ID), however their application was rejected as their Residency Card had their old address on it. They then provided a bank statement with their new address on it.
Customer Service – 14/20
Their support options are fairly standard, email, phone (English, Japanese, Chinese) and through the ticket system on their website. We have used the email ticket support previously and on both occasionals received a reply within 15-20 minutes.
Support is available between 9:00am and 4:00am Sydney time Monday to Friday. We subtract a couple of points as it would be ideal to offer 24 hour support and also on the weekends to answer questions from new clients.
|$50 cash-back BONUS!||79/100||Review||Visit Broker|
It’s hard to choose a single binary options broker, but if you have to choose we believe HighLow is one of the best choices you could make, especially for professional traders or those who want to trade as a serious part time business.
While the number of assets is limited compared to some other brokers, they are leaders in all the assets they offer by having consistent and high payout rates of up to 200%. For those skilled in short term trading, they also offer some of the highest payouts we have seen on 30 & 60 second options.
We also are very impressed with the new design of the HighLow 2.0 web and mobile trading platforms. It is clear HighLow has invested a lot of time and money to improve the trading experience and to stay ahead of their competition.
Lastly, due to their regulation by ASIC in Australia, HighLow is one of the few binary option brokers who we feel most confident dealing with.
Update 14th July 2017:
Highlow has announced an increase in payouts on 15 and 60 minute high/low binary options and 30 second, 60 second and 3 minute turbo binary options.
Spreads on all “spread high/low” binary options will also be reduced effectively immediately.
As every serious trader knows, over time every percentage point counts. While we witness may other brokers manipulate their payout rates lower, HighLow appears to be going in the other direction.
HighLow Markets overall score = 89/100
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