Binary options trading has become very popular in many countries around the world. With binary options, you can make a lot of money online. However, this is only possible if you trade at legitimate binary options brokers, like HighLow.
Binary options trading is a form of investment where you predict the movement of numerous assets such as silver, gold, or even the USD. It has some similarities with other forms of investments such as stock and Forex trading but it is simpler with a few risks given the fact that you always know in advance, what you stand to lose.
As mentioned earlier, you must select a credible broker who best suits your needs. This article is simply about binary broker reviews to help you in choosing the right one.
The following guidelines will help you arrive at a credible binary broker, HighLow
Regulations and licensing should always come first when choosing whom to trade with. This is not to say that unregulated brokers are always frauds and untrustworthy. It simply means that you should be cautious and trade with the best options, then that is a regulated broker.
Binary brokers usually use bonuses and demo accounts to attract new clients. Most bonuses are usually a one-off payment, a deposit match or risk-free trade. Whatever the case, there are always terms and conditions behind those bonuses. If the bonus terms tie in your initial deposit or they do not work in your favor, then that bonus loses any attracting at all, and that makes the broker unsuitable for you. Thus, choose a broker whose bonus terms and conditions benefit you as opposed to tying you down.
- Demo Accounts
Binary options demo accounts give a trader the chance t try out binary options trading without risking any money. If a binary broker can offer demo account software, then it means you have the option of trying it out first and see whether it will work for you. This is often the case, but not in our recent reviews of RocketOption and MicroTrade Option.
- Low Minimum Deposits
Brokers have certain minimum requirements and trade amount. This can determine whether the broker is right for you.
Payments usually vary depending on the asset being traded upon and how a broker manages their risk. The best thing to do is check the asset payout and expiry date and choose a broker that offers the best most times. Payment and withdrawal options also vary at each brokerage.
Below is a full review of one of the best binary broker known as HighLow.
Video Review (Update)
HighLow Markets pty ltd. is a licensed broker based in Australia. They are regulated by ASIC (Australian Securities and Investment Commission.) they believe that they are ideal for trading veterans as well as the beginners given their instant withdrawals, high-profile platform, and mobile app as well as full regulation.
They have a minimum deposit of $50USD/$10AUD with a payout of up to 200%. They have a demo account that does not need sign up or deposit. They have a cash back bonus of $50.
The trading platform retains the familiar features but adds an individual unique feel and look. There is a range of tabs that allow you to select the expiry date and a drop-down menu for a range of assets and markets.
Trade Options and Assets
HighLow offers the traders some good options to choose from including the following:
- High/Low-this determines whether the asset value will finish higher or lower than the current price with expiry date ranging from 15 minutes to end of the day.
- High/Low Spread– this is similar to the one above with the difference being 100% payout.
- Turbo– this one is similar to the above options with the difference being on the expiry time frame which ranges from 30 seconds, 1,3, or 5 minutes.
- Turbo Spreads-short expiry lo/high options with a current market spread and 100%payout.
Assets and Markets
Assets include commodities, stocks, Forex, and indices.
Deposits and Withdrawals
There is a variety of deposit and withdrawal options. Clients’ funds are put in a separate trust fund operated by the national Australian bank, and which is separate from the company accounts. The popular deposit methods include Neteller, wire transfer, and credit card, all of which carry a $50 minimum deposit requirement. Apart from these, there are about 40 other ways of depositing such as GiroPay, SoFort, and PaySafeCard.
Withdrawals are an added advantage with HighLow. Minimum withdrawal is $50. Neteller and credit card withdrawals are processed immediately. Wires transfers are completed the same day. There is no maximum daily withdrawals and no withdrawal fees.
Here are a few comments that I’ve gathered from different third party review sites, that give better insight into how this broker is treating their clients in 2018.
“Very good company
But they have some notes
Delay in reply to mail messages
They do not have a live chat”
“This is by far the best binary options broker I have ever used in terms of payout amounts, execution speed and professionalism. There are no sales calls to pester you to deposit more money into your account which is a welcome relief and withdrawals are easy and are processed by the next business day. HighLow are regulated by ASIC in Australia and client accounts are segregated and not used to hedge trades. I would highly recommend this broker.”
Sources: thatsucks.com, forexpeacearmy.com
Using a broker’s platform to trade can only be profitable and enjoyable if the broker is reputable and suits your trading style. HighLow stands out as one of the best binary brokers. You can try out their demo account before making your final decision, which is an added benefit.
Please leave your comments and remarks below this article now with your experiences.
- Price - 50%50%
- Ease of Use - 81%81%
- Platform - 93%93%
- Feedback - 85%85%
- Support - 88%88%
One of the best brokers
Only accepting Australian clients