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Is HighLow a Scam or a Legit Binary Options Broker?
100% Full HighLow Review – See What Traders Share!
Minimum Deposit, Withdrawal Issues & Demo Account –
For More Information About HighLow – See Below!
|Headquarters||Macquarie House 167, Macquarie Street, Sydney, NSW 2000, Australia|
|Support Number||1300 168 668|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$50|
|Minimum Trade Amount||$10|
|Free Demo Account||Open Demo|
|Withdrawal Methods||Credit Card, Neteller|
|Number of Assets||20+|
|Account Currency||USD, AUD, JPY|
HighLow is a rather new binary options broker, founded in 2014, but it is already building up a good reputation amongst traders. The company that owns it – HighLow Markets Pty Ltd, is a registered financial service provider by Australian Securities and Investments commission (ASIC). It holds a license with number 364264. The company’s physical address is at Macquarie House 167, Macquarie Street, Sydney, Australia, but payment processing is executed in their London office at 157 Saint John Street, London Ec1V 4PW, United Kingdom.
The minimum deposit amount is very low and it is just $50. The payout is up to 85% and they offer cash back bonuses of up to $50. They have a customer support in English and Japanese that can be reached via phone or email. Their work hours are: Monday to Friday, 8:00 – 18:00 AEST/ADST.
HighLow offers traders a Free Demo Account with $10 000 of virtual money. Trading with the Demo Account does not require depositing real money or registration, which is something not many other brokers offer. So if you wish to practice some more, before you start trading with a live account, this is a great opportunity for it. All you have to do is go to HighLow’s website and start practicing binary options trading.
Demo Accounts can be used by experienced traders, in order to test the trading platform of the broker, but they are especially beneficial for beginners. Practicing with a Demo Account gives novice traders a real trading experience, since the demo platform is 100% identical to the live one. They get to practice and develop a trading strategy, without any risk of losing real money, but not making any real profit as well. It helps them learn the basics of binary options trading, in order to be prepared before they enter the real live financial markets.
The best thing about HighLow is that it is a regulated broker. They hold a license with ASIC (Australian Securities and Investments commission) with a license number #364264. Trading with a licensed broker is safer and secure, because it means that they have to strictly follow the regulation laws.
Review Verdict: HighLow is NOT a Scam
HighLow Minimum Deposit and Withdrawal
If you are just starting out as a trader, HighLow would be a good broker to try out. The trading platform is simple and very user friendly, and most importantly they have one of the lowest minimum deposits in the binary options trading industry. It is only $50 and the minimum trade size is just $10. They also offer a Free Demo Account for everyone, which is funded with $10 000 of virtual money, and can be accessed without even registering.
HighLow has a great four-tier loyalty program, which generates cash back points for every $10 trade you make. And the more you trade, the more cashback points you get, which you receive as a cash back bonus the next month. The greatest advantage is that HighLow doesn’t require its traders to make a minimum amount of trades, in order to be able to withdraw the cash back funds.
Also, HighLow has one of the fastest wire transfer withdrawal processes in the industry. It is immediately processed and it usually takes 1 to 3 business days for the funds to be transferred into your personal account.
The FAQ page on their web site covers almost any question that you can ask, so everything you want to know before signing up with them, can be found there. But if you have any difficulties or a any questions at all, HighLow’s customer support can be contacted every business day 8:00 to 18:00 AEST/ADST and it is always willing to help traders out with any problem or question they have.
Unfortunately, since HighLow is regulated by ASIC, it does not accept traders from USA.
Their trading platform and the customer support team is available only in English and Japanese, since HighLow is a rather new binary broker.
The portfolio of underlying assets is limited. At the moment, you can only trade currency pairs and indices, no commodities or stocks. But we are hoping that they will be expanding their portfolio in the near future.
Also, the currencies you can use to trade and open an account with are only USD, AUD and JPY at the moment. But HighLow is currently adding more currencies, including EUR.
- Regulated Broker
- Low Minimum Deposit
- Great Bonuses
- Demo Account Available
- Minimum Language Support