HighLow was an Australian regulated binary options broker operated by Highlow Markets Pty Ltd, which was founded in 2013 under ASIC regulation, and located in Sydney (Australia ) and London ( United Kingdom ) . They provided a simple trading platform, with free demo account, $50 minimum deposit, and up to $50 cash back.
High Low Review 2022
INFO
- Broker/Platform Name HighLow
- Founded 2010
- Headquarters Sydney, Australia ( HighLow Markets Pty Ltd )
- Support Email, phone
- Trading Platform MarketsPulse
- Min. 1st Deposit AU$50
- Min. Trade Size AU$50
- Max. Payout ** 180-200%
- Bonus Up to $50 Cashback on your First Trade
- Free Demo Account YES
- Number Of Assets 25
- Regulation ASIC
- Mobile Trading YES
Last HighLow review update: 3rd July 2021
About HighLow.net
What is HighLow?
HighLow was an Australian regulated binary options broker, which was founded in 2010 under the Australian Securities & Investments Commission (ASIC) regulation. HighLow was owned by an Australian registered company called HighLow Markets Pty Ltd.
HighLow’s primary headquarter was located in Sydney, Australia.
Over the last few years, High Low Markets Pty Ltd gained a positive reputation across Australia through its stellar binary trading platform and superior customer service. In fact, since they launched the secured and defensive binary options trading platform, it helped people forget about the worries of investing a high amount of money in binary options trading because of the ease of use. HighLow offers all of its customers a risk-free trading environment and they offer new traders a $50 cash bonus once they open a live trading account and complete the first trade.
Compared to other similar binary options brokers in Australia, binary options traders have reported that they managed to gain a higher rate of profit is because of the following good points:
- User-friendly trading platform
- How easy it was to open an account with them
- Start trading binary options on secured trading regulated by the Australian government.
Was this broker Scam or not?
High Low was not a scam broker due to the following reasons:
- This platform was an ASIC regulated broker (Australia).
- A very low minimum deposit of only AU$50.
- It keept all client’s funds in segregated accounts in premium Australian banks.
- HighLow provided outstanding support from its main office in Sydney.
- It processed all withdrawals quickly.
- The company ownership was totally verifiable.
- No bonus policy complaints.
- No illegal high-pressure sales tactics.
- It provided a 100% free demo account to test their platform
Website Usability & Platform: 100/100
This Australian binary broker offered an easy-to-use platform. It enables the clients to experience a priceless cloud-based application. The platform can be accessed from any modern web-browsers.
Their trading platform worked on both Windows and Apple’s Mac computers. Furthermore, this broker had made a lot of investments to enable their clients with remote trading experience. Clients could access the platform using smartphone platforms as well.
Web platform ( in English )
HighLow understood that binary options traders were busy. Traders are often active during free time on the go. Currently, HighLow’s clients could enjoy trading binary options on the go by using their Android and iPhone apps. These apps allowed clients to use this platform even when they were not in the office.
Their trading platform was actually a version of MarketsPulse. It was one of the most versatile options for trading platforms in the industry.
We found that this binary options trading platform was suitable for almost any types of trader. It hardly matters if you wanted to trade smaller timeframe options. Also, you could play the market on hourly charts.
Also, clients could try out HighLow’s cutting-edge binary options trading platform. It was developed in a way to serve both beginners as well as experienced traders. HighLow’s technical team did a wonderful job. As they developed the platform in such a manner that it was very easy for everyone to use.
Assets and Expiry Time: 99/100
HighLow offered traders two different Binary Options: The Spread HIGH/LOW and the HIGH/LOW. With Spread, the traders have the chance to get a payout of 200%. So, it means double their investment amount.
When using the HIGH/LOW option, the traders could get payouts between 180% and 190% of their investment. Regardless of these options, the traders needed to choose the expiry time. It could be 15 minutes, 1 hour or 1 day. You could trade on the following 25 assets:
- 17 Currency pairs: AUD/JPY, AUD/USD, AUD/JPY, 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 and USD/JPY
- 7 indices: ASX, Nikkei, Hang Seng, SS, FTSE, Dow, S&P
- 1 commodity: Gold
Crypto Options: 95/100
HighLow’s new set of crypto-based trading assets for binary options traders came out in early 2018. These crypto-assets enable traders to take a position on a number of Cryptocurrencies. At the same time, traders did not need to have a crypto wallet.
HighLow binary options trading offered Bitcoin, Ethereum, Litecoin, Ripple, and Bcash.
There are a number of binary options brokers who currently offer various Cryptocurrency based trading assets. However, their payout ratio was rather low.
However, HighLow offered a 1.85 payout ratio for all of its Crypto Binary Options assets. It means that if you opened a trade for $10, you could earn as much as $18.5 from that trade.
Trading Cryptocurrencies are notably different compared to Forex pairs. Because Forex pairs trade against each other. But, the Crypto Options from HighLow traded only against the U.S. Dollar. For example, the Quote 691.61 in the chart above means you could either buy or sell each Ether (Ethereum) for $691.61 U.S. Dollar.
Also, the underlying fundamentals of trading Forex and Cryptocurrencies are vastly different. HighLow ensured ease of trading on the platform. When you traded their Crypto Binary Options assets, it felt similar to trading any other asset on their platform. The trading functionality of these Crypto assets was exactly the same.
They did not offer Turbo options that allowed short-trading of a number of select Forex pairs. However, their Crypto Binary Options assets could only be traded with larger timeframe like 1-Day (24-hour). The lack of Crypto Binary Options assets in the Turbo mode was certainly going to disappoint short-term binary options traders, but this trading platform was not able to introduce the Turbo option.
Demo Account:: 100/100
Anyone who wished to trade with HighLow could opt to open a free $10,000 demo account. Meaning, that they did not need to register with a live account or make a deposit to try trading with them.
Once you got familiar with HighLow’s trading platform you liked their service. Then, you could then decide to open a live account with them. HighLow’s demo offered the best aspects of trading binary options. You could start trading paper money with this binary options broker. So, you did not need to risk real money to try out their platform and services.
Maximum Profits & Commissions: 100/100
The maximum profit a trader could get within a trade was about 200%. This was true when the traders used the Spread HIGHLOW option for their trade.
The minimum amount for withdrawal was $10 for Bank transfers. But it was $50 for Neteller withdrawals.
Minimum Deposit & Bonuses: 100/100
HighLow fell under the regulation of ASIC as it was a company in Australia. However, they truly focused on becoming an international client base. In the past, they offered accounts in several different currency denominations. Most of these international currency accounts came with a minimum deposit requirement in their respective denominated currencies as well.
High Low accepted minimum account deposit of AU$50 If you made the deposits using bank transfer, Poli, credit cards or Neteller, and US$50 for all accounts with deposits in US dollars.
They offered up to $50 cashback to new accounts on the first trade.
Regulation: 100/100
Was HighLow a regulated broker?
Yes, it was. HighLow Markets Pty Lt (registration number: ABN 143 553 628 ) was regulated by ASIC (AFS license number is 364264.).
Customer Service: 100/100
This platform offered customer support through different channels. It included e-mail and phone. If your support need was not urgent, we recommended reaching them by emailing at support@highlow.net
However, for more urgent needs, it was better to call them. HighLow had different offices in Australia and Japan. It listed 2 phone numbers in these respective countries. 1300 870 442 is for Australia and 0120-951-847 is for Japan.
During our research, we spent almost a whole trading week. Trading different types of binary options assets at HighLow with their innovative trading platform. We found the cloud-based platform to be very responsive. Also, it hardly lagged.
We faced connection issues only once during the week. However, we were able to reach out to their customer support over the phone. Their knowledgeable customer support agent helped us understand that the problem was occurring due to our browser. Once we followed their instructions and made changes in the browser to support the latest HTML5 protocol, the problem went away immediately.
HighLow recommended all customers check their FAQ section first. If they couldn’t find the answer to their question, they were also welcome to send an email to the support address. The email address was support@highlow.net. Clients could also reach customer service by phone. The phone support was available from Monday to Friday, between 8.00 am and 6.00 pm AEST/ADST.
Deposit Options: 100/100
This platform offered four different deposit options. These were Credit Card, Neteller, Bank Wire Transfer, and Bitcoin. However, in case of withdrawal, they only accepted Neteller and wire transfers.
HighLow was one of the few binary options brokers in Australia that segregated funds from customer deposits. We made a query to HighLow about this practice. They mentioned that client funds always remained in segregated trust accounts with National Australia Bank (NAB). NAB is one of the largest banks in Australia.
Furthermore, HighLow representatives claimed that they did not use client funds to hedge their market positions. For hedging and managing risks, it used its own funds. This way, client funds remained completely safe from any risks arising from HighLow’s business operation.
From 2017, High-Low was accepting deposits with Bitcoin, the most popular cryptocurrency.
Withdrawals
HighLow processed withdrawals on the same day via wire transfer. The request for withdrawal via Neteller always happened in real-time.
The minimum withdrawal amount was $50. However, it could be less if you were closing your trading account with them.
After a week of testing their platform, we made two separate withdrawal requests. One during the weekdays and one on the weekends. The payout for the withdrawal request on Wednesday was successful on the same day. But we had to wait till Monday to get the bank withdrawal amount in our bank account. We got to know later that all Neteller withdrawals are processed in real-time. It seems that if we made any withdrawals during the weekends using Neteller, it would have been issued immediately.
HighLow.net Review & Overall Rating – Summary: 99/100
While High-Low was a regulated binary options broker in Australia, it was worth noting that their regulatory oversight did not include non-Australian citizens. Hence, if you were planning to open an account with this Australian broker as an international client, you may not be covered by rules that are valid for Australian citizens.
However, HighLow.net was conducting business in several countries with a good reputation and in the online trading business, reputation was closely tied to brand value. Therefore, it was unlikely that you faced any major issues with HighLow.net and they didn’t discriminate based on your geographic location. After all, they earned a reputation and they tried to protect it at any cost!
High Low was a good Australian regulated broker, which offered its customers easy-to-use methods of binary trade. This Aussie company also allowed the customers to use their platform on Android and iPhones, which offered them complete flexibility to use the platform anytime and anywhere. Their minimum deposit was just AUS 50 with amazing returns up to 190%. Another good point was its fast withdrawal times and payouts.
We found that their customer support was very responsive and anyone was looking to trade with an Australian broker regulated by the Australian Securities & Investments Commission, they considered this broker.
Users Reviews
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HighLow Details
