HighLow will now only accept traders from Australia

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Australian broker High Low stops accepting traders from all over the world except Australia

The virtually uncontrolled development of online trading, which has been observed over the past decade, has now reached a critical level. Some analysts believe that further ignoring the problems of this segment of the global financial market can lead to irreparable consequences. If we turn to real examples that reflect the essence of these problems, we can highlight the following points:

• The emergence and development of cryptocurrency. Quite an interesting and promising idea was limited to the creation of speculative tools, allowing you to earn huge sums, for a short period of time, but only to a certain circle of people. Cryptocurrencies require the creation of a legal framework (so that national laws of different countries do not contradict each other), regulatory authorities, etc.

• Creation of a huge number of brokerage companies, trading robots and other specialized services whose activities are related to the global financial market. In general, a positive trend (the more brokers, the higher the quality of the services provided), but it also has one significant disadvantage – swindlers quickly realized that online trading allows you to earn huge money without risking anything. Also began to actively create “firms” offering to purchase special programs, trading strategies, algorithms of work in financial markets, allowing for financial transactions, with a 100% guarantee of income. Of course, this is fantastic.

• New financial instruments (primarily binary options) have become the main source of problems for many traders. In the EU, this issue has been decidedly solved. ESMA (authoritative financial regulator) has banned binary options. But in this case, not all economists and lawyers agree with this way of “protecting the interests” of participants in online trading. Especially in our time, when the very notion of “prohibit” is perceived as a signal to search for workarounds in this situation.

All the above questions (and this is only a small percentage of their total number) boil down to the fact that today, for the normal operation of the considered segment of the global financial market, intervention by qualified lawyers, economists, bankers, etc. is necessary. Otherwise, online trading will turn into a source of profit for adventurers who will earn by fooling gullible / novice traders.

A small review of the Australian brokerage company HighLow

The example of the well-known Australian marketplace High Low is convincing evidence that to solve the above problems one does not have to wait until a “reformer” appears (no one knows where?) And turns the industry into the most honest and transparent activity within a week. The administration of the brokerage company decided to limit the circle of potential clients, providing an opportunity to open a trading account only to Australian traders. How did they explain their decision?

On the official website of the broker you can find the answer to this question. Its meaning lies in the fact that the company will only work with traders from Australia, since brokers do not have alternative solutions to such problems. The license issued by the Securities and Investment Commission permits this type of activity, and as for citizens of other countries, they do not fall into the category of users entitled to open trading accounts at the broker’s site.

On the one hand, nothing serious and “revolutionary” in this situation is observed. But the fact of 100% compliance with the requirements of the regulatory authorities is a serious, positive moment, demonstrating the willingness of a participant in financial markets to comply with and respect the laws of their country.

If you do a detailed analysis of questions about the activity of the broker HighLow, you can find a different opinion about the above situation. In some of the comments, the authors plainly accuse the Australian company of fraud, arguing that the decision to limit its client base is a great way to refuse to fulfill its obligations. It does not sound very convincing, but for a comprehensive study of the issue, it is necessary to consider such accusations.

Broker HighLow – a scam project or an example to follow?

The company in question began its activities in 2020, providing access to trading binary options with almost no restrictions (only US traders were cut off from the trading platform under consideration). The service was actively developing, the number of clients increased annually by 20-40%, there were no serious and, most importantly, reasoned comments on the work site.

Trading Terms of HighLow markets

• The minimum first deposit is $ 50.

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• The size of the transaction – from $ 10.

• Monitoring agency – Australian Commission on Securities and Investments.

• Demo account – provided.

• Mobile version of the resource – is provided.

• The maximum amount of withdrawal of financial resources – $ 10 thousand.

• You can use credit cards, credit / debit cards, bank transfers, popular cryptocurrencies, Neteller to replenish your account and withdraw earned money.

• The time required for withdrawal of funds – from 2-3 hours to 5 days.

• Fixed commission for financial transactions – 1.5%.

Key financial assets HighLow

• Currency pairs (Forex).

Based on the above factors, it is difficult to believe that all this was created solely in order to crank up several dubious operations (in economic terms, this is complete nonsense!). It turns out that the advanced version of the “project” of scammers has no real evidence.

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”

HighLow Review

Rating: HighLow is the most trusted Australian binary options broker. The required minimum deposit is only $50.
  • Minimum Deposit: $50
  • Free Demo Account
  • ASIC Regulated (AFSL #364264)
Promo: $50 Cash-Back Bonus » Sign up now

Highlow is an Australian broker, established in 2020 by the company called Highlow Markets Pty Ltd. Their headquarter is located in Sydney, Australia but they also have offices located in London, United Kingdom.

Although Highlow is based in Australia, they accept traders from around the world.

They provide a high return rate of between 180% – 200% for winning trades. Highlow accepts traders from Australia, Europe, Africa, and Middle Eastern but they don’t accept US traders.

Trading Platform

HighLow is powered by the MarketPulse trading platform. The platform has a straightforward layout, that allows you to easily access all the necessary features without the need of having previous trading knowledge. There are only two types of assets you can trade which are forex pairs and indices.

It supports several classes of binary options including spread highlow, standard highlow and options on demand.

The trading platform offers a variety of expiry time frame to choose from including 60 seconds, 5 minutes, 15 minutes, 1 hours, end of day and 24 hours +.

Highlow provides a smartphone app for iOS and Android, which traders can download and use for online trading. The mobile app offers all the essential features that are available on the Highlow Trading Platform. The mobile app supports Android smartphones, iPhone, and iPad.

If you are looking for CFD Trading, then eToro is the best choice.

Free Demo Trading Accounts

Highlow offers a demo account that is pre-loaded with $10,000 of virtual funds so you don’t have to deposit your own funds to test drive it. There is no need to register for an account to test drive the demo.

The demo account does not limit you on the number of times you can use to practice your trading strategy.

If you are satisfied with the trading platform, you can proceed to register for a new account. The account supports three major currency including USD, AUD and JPY.

New signups are entitled to a $50 cashback for the first trade.

Deposit/Withdrawal

Highlow accepts a variety of deposit/withdrawal methods including credit card, bank wire and Neteller.

The minimum deposit/withdrawal requirement vary depending on where your account is based. If your account is based in Australia, the minimum deposit/withdrawal requirement is AU$10 for bank wire and AU$50 for credit card transfer.

If your account is in US Dollars, the minimum deposit amount is $50 regardless of which deposit methods you choose.

You can only withdraw less than the minimum amount if you want to terminate your account. Highlow will process your withdrawal request on the same day you submit the withdrawal request before 2 PM. Usually, it will take 2 – 3 days for the funds to appear in your bank account. Highlow does not charge any fee when you make a deposit via credit card.

There is no restriction on the number of times you can withdraw from your account.

They do not put any limitation on the cashback that is awarded to your account. You can withdraw the cashback as soon as it is redeemed.

The funds can be deposited in a number of major currencies including:

  • Australian Dollar
  • US Dollar
  • Euro
  • Pound Sterling

The daily withdrawal limit is $20,000 per day. They charge a fee of 1.5% of the balance if you withdraw via credit card or Neteller.

Those who want to perform international bank wire transfer will be charged with a fee of $20.

Customer Support

Highlow Binary Options brokers offers customer support services via email and telephone. Email is the best way to contact the customer service team.

They provide toll free telephone support for customers in Australia, Singapore and UK.

Highlow has different support hours for customers from different countries.

The support hours for Australia customers is from 8 am to 4 am AEDT/AEST, from Monday to Friday.

The support hours for Singapore is from Monday to Friday, 5 am to 1 am SGT. For the United Kingdom, the support hours is from 9 pm to 5 pm. Highlow does not provide live chat customer support. The FAQ page provides answers to 90% of the questions that traders ask. Highlow customer services supports both English and Japanese.

License and Regulation

Highlow is a licensed broker registered with the Australian Securities & Investment Commission .

Highlow meets the ASIC requirements to obtain a license. Australia has one of the toughest regulations for getting approved for a license.

The broker holds the Australian Financial Services license with the license number 364264.

Security

Highlow protects clients’ funds by segregating it to a trust account in National Australia Bank. They never use the money that belonged to the clients for hedging or margining purposes.

All the online transactions are encrypted with secure SSL protocol.

Is HighLow A Good Broker?

Highlow is a very good broker as they are regulated in Australia and have one of the lowest minimum deposit requirement in the industry.

Highlow has managed to maintain a clean reputation up until now and they continue to be the top choice for Australian traders.

43 thoughts on “ HighLow Review ”

Does your system have instant activation on making an account or do I have to ask you for instant activation.

Thank you
Mr E.Burrows

Yes, the activation is instant. If not, contact the Highlow support.

hello what auto trading robots are compatible with this account

Hi. Just tried the robot link and when trying to register got a message “registration failed for all brokers. There are no more brokers available for your country to register”. How do I proceed? Thank you.

Hi
same question plz, what auto trading robots are compatible with this account?? Your link is NOT WORKING

HighLow Review

HighLow

Broker HighLow
US Traders Accepted
Company Name Highlow Markets Pty Ltd.
Headquarters Sydney, Australia
Regulation Australian Securities & Investments Commission (license #364264)
Bonus Type Points and cashback
Bonus Size $50
Max Payout 200%
Out-of-Money Reward 0%
Trading Platform Proprietary
Early Closure
Deposit Options Credit/debit cards, bank transfer, Sporopay, Boleto Bancario, Giropay, Neteller, SOFORT, POLi, Bitcoin, iDEAL, CashU, WebMoney, Przelewy24, Bancontact, Mister Cash, QIWI, paysafecard, Multibanco
Deposit Currencies US dollar, euro, Australian dollar, Great Britain pound
Minimum Deposit $50
Minimum Trade $10
Maximum Trade $2,000
Online Since 2020
Trading Instruments Currencies, commodities, indices
Number of Trading Instruments 25
Binary Option Types High/Low, High/Low Spread, Turbo, Turbo Spread
Customer Support Types Web form, telephone, paper mail
Education Offered Glossary, FAQ, platform walk-through, video tutorials
Tools Offered Trader sentiment, options schedule, expiry rates, early close
Commission $50 minimum for withdrawals, 1.5% fee. Spreads on High/Low Spread and Turbo Spread trade types.
Languages English, Japanese, Chinese
Demo Account Yes, no registration required.

Update: Starting May 22, 2020, HighLow only accepts Australian binary traders.

Perhaps one of the most innovative binary options brokers I have discovered in some time is HighLow. HighLow is run by the company HighLow Markets Pty Ltd., which operates out of Sydney and is regulated by ASIC (Australian Securities & Investments Commission) under license #364264.

What makes HighLow different from other brokers? Well, along with a proprietary platform, this is a broker that takes a wholly different outlook on bonuses. I will tell you all about it and also go over HighLow’s other features and benefits below.

Opening Your HighLow Account

Before you can start trading on HighLow, you must open your account. This is a bit more involved than you may be used to on other binary options websites. You must be prepared not only to provide your basic information, but also to verify your identity right away using proper documentation. If you are from the USA, unfortunately you are not allowed to trade on HighLow.

While you are selecting your country, you can also choose a currency. Options include Euro, US Dollar, British Pound, and Australian Dollar. Numerous different deposit methods are available, including credit or debit card, bank transfer, bitcoin and a variety of e-wallets. The minimum deposit amount is just $50.

HighLow’s Unique Bonus Program

Now, what is really cool about HighLow is the company’s program for promotions and loyalty. Instead of following the match deposit model with high turnover requirements which is nearly ubiquitous among binary options brokers, HighLow follows a method which has a lot more in common with the loyalty programs popular at online casinos.

First of all, there is a system for earning points. Unfortunately, if all you trade each month is $10,000 or less, and you will not be able to earn points. But if you are trading more than that volume each month, you can earn between 3-10 points for every $10 you trade.

These points can be redeemed for cashback rewards. Cashback rewards are also given out ad-hoc to traders at all levels. All new customers also receive a $50 cashback bonus when they place their very first trade on the platform.

Why is the system superior to the bonus system which is so common among binary options brokers? For one thing, you get ongoing rewards, instead of just one big bonus when you sign up. For another, there are no turnover requirements to claim these rewards on HighLow. According to the company, “Traders can withdraw their funds (including redeemed cashback amounts) with no strings attached.”

This is quite spectacular, and ultimately worth a great deal more than bonuses which tie up your money and cause you inconvenient elsewhere.

Take note that there are no account brackets based on deposit amounts. The only differentiation between traders is the points tier they are allocated based on trading volume. There is a demo account you can use to practice trading, but no registration is required to access it.

Trading Features and Options Are a Bit Limited

The biggest drawback with HighLow is that there really is not a lot to trade, both in terms of assets and types of trades available. To start with, I only counted 25 different financial instruments, which included currencies, commodities, and indices, but not stocks. Many other binary options websites allow you to trade hundreds of different assets. So this may be a bit restricting.

The platform itself is easy to use and navigate, and includes a helpful feature called trader sentiment, which is a social trading indicator that shows you current trading trends as they are unfolding in the moment. Another handy trading tool is early close, which allows you to curb your losses when you think that trading conditions may be turning against you. While this is a common binary options tool, HighLow is a lot more transparent about its uses and limitations that most competitors.

Unfortunately, there are only two types of trades:

High/Low is the most basic type of binary options trade. Turbo is the short-term version of it. You will also notice that there are additional tree types called High/Low Spread and Turbo Spread. These are essentially the same, except that as the name implies, you pay a spread when you place these trades. Doing so allows you to receive a higher payout should you win—up to 200%. These high payouts are outstanding, and are among the best benefits of the site.

As to the amounts you can trade, the minimum investment amount is $10, while the maximum investment amount is $2,000. This is a fairly standard floor and ceiling for binary options trading, and is ideal for traders with small or medium sized accounts.

As to customer service, there is no live chat, which is certainly a drawback. There is a telephone number, and also a ticketing system which you can use to submit a request for help through a form on the contact page.

Conclusion: HighLow Has Its Pros and Cons, but the Promotions Are Outstanding

Most of the binary options websites which I research and review all blend together, one into the next. This is because the majority of them are white label sites which have simply taken a popular platform (like SpotOption) and given it their own branding, and call that their product. They have not taken the time to innovate and do something different which offers unique value to traders.

HighLow sets itself apart from that crowd. The promotions program this site has created is distinct from others, and is far more fair than the typical binary options bonus program. It truly does provide more in the way of value. If other binary options brokers would follow this model, it would probably improve the entire industry. This is not to say that HighLow does not have its disadvantages, but for the most part, this is a unique binary options broker with impressive benefits and features. If you are not in the USA, check them out; they may be an excellent choice.

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