Based in Sydney, HighLow is a broker regulated by the Australian Securities and Investment Commission (ASIC), which is Australia’s integrated corporate, markets, financial services and consumer credit regulator. Client funds are not mingled with corporate funds, as client funds are kept in segregated accounts with the National Australian Bank. This adds an extra layer of safety for the clients.
Is HighLow suitable for micro traders?
The minimum trade size is just £1 which is great for micro traders. The minimum deposit is £50 which is within the feasible scope for most micro traders, although there are other binary options brokers that will allow you to get started with an even smaller first deposit.
The maximum trade size is £5,000.
Binary option types
HighLow offers binary options based on currency, stocks, commodities, and indices. The largest category is the one for currencies (forex).
When it comes to binary option types, the following are available:
High/Low. The basic type of binary option. Will the asset price end higher or lower than the contemporary price?
A subcategory of High/Low is Turbo High/Low. While standard High/Low binary options are available with timeframes from 15 minutes to the end of the day, Turbo is available from 30 seconds to 5 minutes.
High / Low Spread. Similar to High / Low, but a bit more complex and with potentially bigger payouts.
Just as with ordinary High/Low, a Turbo version is available for High / Low Spread.
The HighLow platform is easy to use and navigate. When you log in, you will see the basic features, including a menu for available markets and assets. The favorites area will display your most traded assets.
When you have selected an asset, a chart will be displayed along with information about recent market prices, trader sentiment, payout, and an expiry countdown.
You can adjust the HighLow platform in various ways to make it more suitable for your specific needs. You can for instance switch over to 1-click trading.
This platform is not ideal for charting and technical analysis.
Mobile app trading is available.
You can get a demo account for free and use the play-money in it to learn how HighLow works and what this broker has to offer. It is also a great way to test run and adjust strategies for binary option trading without risking any real money.
Signal service is not available.
Deposits and withdrawals
Over 40 different transaction methods are accepted, including many credit cards, bank wire transfer, and e-wallets such as Neteller.
HighLow does not charge you a withdrawal fee.