High Low markets PTY Limited – the actual owner of the High Low broker. The company is registered in Australia, where its headquarters is located. The activity is conducted openly, with the license of an authoritative regulator. The site was created in 2014 – during this period, for the first time, users had the opportunity to trade binary options. Please note that the company is focused on binary trading. Accordingly, long-term transactions with direct access to the interbank market are not carried out.
How to start trading with a High Low broker
Unfortunately, the site of the company is not multilingual, it is available only in English, Chinese and Korean. Therefore, it is also impossible to call it informative. Detailed training materials are not available to users. But this is accepted by many binary options brokers, as it is very problematic to accurately predict the markets in such trading.
For registration, you will need to spend about 5 minutes. But at the last stage, the user will be required to confirm his identity and send scanned copies of documents (files can be downloaded immediately in the registration window). This is convenient since the verification of sent documents is only a few hours.
Registration and trading conditions
On your first register, users are given a bonus of $ 50 on the first transaction. Of course, they cannot be withdrawn – this money can be wagered by earning real dollars to the main account.
High Low trading conditions:
• The minimum deposit is $10;
• The minimum bid is $1;
• Trading platform – browser-based, as well as a mobile application for iOS and Android;
• The amount of the withdrawal fee is absent (only fees of the payment instrument).
The broker High Low has several transaction formats with different expiration times, from several minutes to several hours. The number of trading assets exceeds 80 units. Transactions are not displayed on the international financial market. All quotes are formed by companies, derived from third-party suppliers. The task of the trader is to predict in which direction the price will move and whether it closes at a level lower or higher than the target. Everything is quite simple.
Unlike traditional trading, a High Low broker can earn up to 90% of the profit from a rate for one successful order. In the case of an incorrect forecast – the entire rate burns.
It is difficult to distinguish the trading terminal of the company High Low from the counterparts of the broker’s competitors. In the center of the platform is a chart, at the top and on the side of the menu for selecting the timeframe, assets, expiration time. On the right – the setting for the forecast, the size of the bet, a time counter. Of course, third-party forecasting tools are not allowed. But the company added the ability to build graphic elements on the integrated graphics. For example, Bollinger lines or other basic tools are available.
Payment processing and bonus charges
The company lures potential customers with headers about the accrual of additional bonuses. The last figure we noticed is 200% of the deposit. Of course, such a bonus will slightly affect the performance of trading. Otherwise, the broker would have been ruined long ago. It is not credited to the main account and it is impossible to withdraw this money. They can only be partial insurance for the client from a complete drawdown.
Withdrawals are carried out via bank cards, direct bank transfer or via Neteller e-wallet. Other ways are not provided.
We already wrote above that the broker does not provide training materials. But in a special section, you can read a generalized theory of trading, as well as view the thematic videos. It is unlikely to be an effective learning tool.
Once logged in, you can immediately try your hand at the demo. But keep in mind that binary options are a risky trading format. Therefore, correctly count your strength.
High Low is one of the few binary options brokers that operate under the leadership of a reputable Australian regulator. The well-developed interface of the trading terminal and loyal trading conditions are a definite bonus in favor of the company.
Among the shortcomings can be identified as not a multilingual site and not coherent technical support. The fact is that there is no online chat on the site. And you can contact the manager only by Australian telephone or e-mail. Given the difference in time zones, the response will take a long time.
But the company deserves the attention of those who are ready to test their skills, even taking into account the existing shortcomings.
Our score: 6.8/10