HighLow Review

HighLow is the largest Australian binary options broker, owned by Highlow Markets Pty Ltd which holds an Australian Financial Services License, number 364264.

Being a regulated binary options broker means that South African traders will find HighLow a very safe option, especially with so many scams around.

HighLow Binary

Here are some reasons why HighLow is a great option:

  1. Safety is always the number 1 concern for any prudent binary options trader, especially when you’re dealing with a site that’s located abroad. Here at least you can be sure that it’s regulated, as HighLow has an Australian Financial Services License (AFSL 364264). This means that it has met strict capital requirements, and it also complies with the regulations concerning audits, risk management, and staff training.
  2. The minimum deposit for new trading accounts is only $50, making it one of the lowest entry costs into the binary options market.
  3. It accepts customers from all over the world. As long as your country is listed in the drop down menu in the registration form, you’re automatically covered. This menu does list South Africa, and if you’re from this country you need to fund your account with US dollars.
  4. You can transfer funds through Neteller, credit cards, or International bank Transfer. The minimum amount is $50.
  5. There’s a bonus of $50 when you sign up. To redeem this, you only need to trade this amount. So you can use it for a $50 trade, or for 5 instances of $10 trades. HighLow doesn’t require you to reach unrealistic trading volumes before you can enjoy that cashback. So if you want, you can use that cashback for a single trade, and then when you make a profit you can soon thereafter withdraw your money.
  6. Here, withdrawing your money is simple. It’s in marked contrast with other sites that don’t seem willing to part with your This time, it’s much easier. The minimum amount you can withdraw is $50, and the maximum is $10,000 per day. You can withdraw less than $50, but only if you’re closing your account. There’s a 1.5% withdrawal fee through credit cards and Neteller. For international bank transfers, the fee is $20.
  7. Withdrawals through Neteller and credit cards are processed instantly. With banks, it’s processed on the same day if you make your bank withdrawal request on business days before 2PM (AEST). Please note that this time zone is 8 hours ahead of South Africa, so this means earlier than 6AM in South African Standard Time. Then you need to wait about 1 to 3 days for the receipt of the funds into your bank account. It’s that easy.
  8. Another reason why this site is great is that you can use a demo account with $10,000 of virtual money to play with. You can then find out if you can really make money with your current binary options strategies. You don’t even have to register to make use of this feature, and that’s a rare kind of generosity.
  9. This site offers several variations for you to try. With the standard HighLow option, there’s no spread and trades are executed in the mid price. This can offer payouts of up to 180% to 190%. That’s 80% to 90% profit. With Spread HighLow, there’s a bid/ask spread that’s similar to trading in Forex. Since there’s a spread, the payout can be as high as 200%, meaning you can double your investment.
  10. There’s also Option on Demand, with a fixed expiry time that’s 1, 3, or 5 minutes after you place your trade. These are the Turbo options, and you can get them with spreads too so you can double your money back in just a few minutes.
  11. The educational resources are quite numerous with lots of downloadable content and videos. But perhaps the most important tool that you can use here is the platform walkthrough and the demo. The demo is especially crucial, as it doesn’t just let you practice how to use the site platform. You also get to find out whether or not you’re actually good at this. You can fine-tune your strategies and also discover new ways of making profits.
  12. When you trade for real, you also get lots of other important data that can help with your trading decisions. One of the most helpful is “Trader’s Choice”, which basically tells you what then trading trends are in real time. It updates regularly, and it shows you what other traders on the site are betting on. So you can buck the general trend or you can go with the flow.
  13. IOS and Andriod app makes trading on the go perfect.

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Verdict

It’s very easy to see why this is a great site for you. Yes it isn’t perfect, and the time differential can be annoying if you’re in South Africa. You’ll have to wake up really early so take advantage of the window of trading opportunity.

Yet it offers lots of benefits. First off, HighLow has an excellent reputation and it’s properly regulated. You don’t have to worry about shenanigans regarding your money. You can be assured that the people here aren’t manipulating the results so you’re always losing.

It’s also a relief to find out that getting your money out is just as easy as putting money into your account. Often that’s not the case, and you may have to go through various hoops to get your money back. Even the cashback bonus is easy to redeem and withdraw. There’s no “20 times the volume” requirement for you to pass before you can get your $50.

Finally, that demo account can be a godsend. It helps you to familiarize yourself with the features and controls, so you know what to click and what to do. But it also lets you discover if you can make real money with binary options. If you don’t know what you’re doing, you’re better off losing virtual money in HighLow than emptying your entire bank account!

Pros:

  • It is an innovative and forward thinking company
  • Well regulated for any binary options broker
  • $50 Cash Back offer
  • Fantastic Demo Account
  • Low minimum Deposit $50
  • Convenient mobile app

Cons:

  • It cannot be used by USA traders

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FXTSA RATING
97 %

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