HighLow Review – Is it scam or safe? explained by professional Forex trading experts the “ForexSQ” FX trading team
HighLow Review – Is it scam or safe?
HighLow is an ASIC-regulated binary options broker, that offers industry leading payouts on its unique trading platform. Unlike most binary options brokers, it offers a single trading account type.
In terms of assets, however, the broker’s portfolio appears rather limited. It includes less than 20 currency pairs, less than 10 indices CFDs and gold.
HighLow is a brand name Highlow Markets Pty. Ltd., a firm regulated by the Australian Securities and Investment Commission (ASIC).
ASIC requires licensed companies to meet certain requirements and to comply with various rules. Australian forex brokers must hold at least $ 1 million in order to operate legitimately, to keep clients’ money segregated trust accounts and to report transactions regularly.
Unlike other European brokers, however, Australian ones are not covered by any compensation scheme.
Trading Conditions
As you can see, popular trading options such as long-term binary options, One Touch, Ladder and Pairs are not available with HighLow. Also, there is no option to follow other traders, such as SpotFollow or iFollow.
On the other hand, this broker offers an unusual type of options that show a bid/ask spread, the standard method of price making in the forex markets. These are Turbo Spread and High/Low Spread options.
Minimum Initial Deposit
The minimum initial deposit for clients of HighLow is $50, which is a low initial amount. Many binary options brokers require $100 – $200 from traders as a start, and they are not even regulated.
Min. bet size
The minimum bet size with this broker is $10, which is average. By comparison, with mobile-only binary options broker NenX one can place a trade with just €1. A bet size as low as this allows lower-risk trades.
Payout amount
HighLow’s payouts are expresses in their platform as decimal odds. In fact, this broker offers rather high payouts, those for Turbo Spread and High/Low Spreadwhich actually being among the highest in the industry, reaching 100%. However, with those instruments traders have also pay a spread, as their name suggests. This is how the broker gets paid for its services and is able to offer 100% returns.
On the other hand, the payout amount for HighLow’s non-Spread instruments is 88%, which is also attractive.
Trading Platform
HighLow uses its in-house web-based platform, which is also available as mobile applications for iPhone/iPad and Android devices. It is quite unique and easy to use at the same time.
Once an asset is selected, the chart below will update, showing current price levels, trader sentiment, payout and the expiry. The platform’s charts, however, are basic, lacking advanced technical analysis features.
Besides, the platform provides a sentiment indicator, Trader’s Choice, that allows users to monitor current trading trends in real time.
Promotions
HighLow currently offers up to $50 cashback on initial trades for new clients.
Methods of Payment
There are several payment methods available to HighLow’ clients: Credit cards (Visa), bank wire and e-payment service Neteller. Other region-based methods are also available.
HighLow Review – Is it scam or safe? Conclusion
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