Important update: As of the end of March 2021, the Australian regulator ASIC has issued a product intervention order banning the issuance of binary options. As a consequence of this, HighLow Markets has announced that it will stop accepting new client applications until further notice.
HighLow is a binary options broker located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Currently, HighLow accepts clients from Australia, New Zealand, Armenia, Bahrain, Belize, Brunei, Cayman Islands, Chile, Dominican Republic, Fiji, Guatemala, Honduras, Jordan, Kuwait, Malaysia, Maldives, Mauritius, Mexico, Myanmar, New Caledonia, Oman, Panama, Papua New Guinea, Peru, Philippines, Puerto Rico, Qatar, Saint Vincent and the Grenadines, Saudi Arabia, Seychelles, South Africa, South Korea, Taiwan, Thailand, Turks and Caicos Islands, United Arab Emirates, Vietnam. Still, the list is ever expanding.
Binary options broker offers the following underlying assets for trading.
|15+ Currency Pairs||Based on major and minor world currencies.|
|5 Crypto BOs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.|
|7 Indice BOs||Based on baskets of different blue-chip stocks.|
|1 Metal BO||Based on Gold.|
HighLow Markets is an Australia-registered options broker, regulated by the well-regarded Australian Securities and Investments Commission (ASIC). The broker has been operating since 2010, and is now established as an easy-to-use and trusted broker for new retail traders interested in options trading.
HighLow Markets’ own web-based trading platform offers a very simplistic trading experience, where all unnecessary clutter has been removed. Compared to more advanced platforms like the MetaTrader, HighLow’s platform has more of a “gaming feel” to it, where everything is intuitive and easy, even for completely new traders. The platform is also available in mobile versions for iPhone and Android devices, giving traders easy access to the markets wherever they are.
The broker offers trading in a unique type of options with very short expiry times, sometimes down to as little as 30 seconds on their “Turbo Spread” option. Traders can trade with as little or as much as they would like, which makes HighLow Markets a good choice for new traders who are interested in getting involved with the options market.
HighLow offers four different types of options, all tradeable on a range of underlying assets, including popular currency pairs, cryptocurrencies like bitcoin, Ethereum, and Litecoin, as well as major international stock indices and metals:
– HighLow Options: Options with fixed payouts between 180% and 190% of the investment
– HighLow Spread: Options with bid/ask spreads and payouts of 200%
– Turbo Options: Options with expiration times from 30 seconds to 5 minutes
– Turbo Spread: Similar to the HighLow Spread option, but with short expiration times down to 30 seconds
The minimum deposit required to get started trading with High-Low Markets is USD 50, upon which an additional cash-back will be added to the deposit as a bonus for new clients to trade with. This is a good bonus offering that essentially gives the trader an opportunity to profit risk-free.
HighLow accepts deposits via all the common payment methods such as major international credit and debit cards, international bank transfer (SWIFT), and over 35 different online money transfer services. Once deposited, all client funds are kept in segregated Client Money Trust Account with the National Australia Bank.
Another of HighLow Markets’ strengths is its massive library of educational resources and video tutorials on all things related to trading, options, and its own trading platform. The free resources, available on the broker’s website, also includes a convenient video walkthrough of the trading platform, which new traders will probably find immensely useful. Lastly, the broker has also included a large FAQ section that answer a lot of the questions new traders will have as they venture into the world of options trading.
In our experience, HighLow Markets’ clients are generally satisfied with the broker, and we have not seen any reasonable complaints regarding the conduct of this broker. As a fully regulated Australian broker, we should of course expect nothing less. However, it’s worth noting that this broker does have certain registration and ID verification requirements, although they are quite simple compared with many other “onshore” and regulated brokers.
Customer service with HighLow Markets is available via an Australian phone number on weekdays between 08:00 and 18:00 Australian AEDT time. For other enquiries that cannot be solved using the extensive FAQ section, traders are asked to lodge a support ticket via the broker’s website.