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The Australian company HighLow is managed by the HighLow Markets Ltd. Included in the list of the best binary options brokers, she can often be seen in the top ratings. Over the years of its presence in the financial services market, the company has earned a reputation as a reliable broker that does not use aggressive marketing policies.
It is not so common to find an Australian broker in the market, so this fact also makes HighLow unique. The company is licensed by the Australian Financial Services Commission to meet stringent internal financial risk management, accounting, auditing and employee training requirements.
The main language of the site is English. Despite the absence of a Russian-language version, there are no difficulties with navigation. The site is built on the Markets Pulse online platform, which is characterized by stability. After registration, the company offers to use the training version with a virtual sum of 10 thousand Australian dollars.
Trading platform
The Australian broker's clients are encouraged to use a web platform for computers and mobile devices. You can also install the app on your Android smartphone. The platform language is again English, you can use Japanese and Chinese, that's all.
For informational purposes, you do not need to create a personal account, a demo version of the platform is available without registration. If we talk about the functionality of the platform, then, in comparison with the software of other companies, the HighLow trading interface looks very modest.
Trading assets
The company offers a range of assets for online trading, including currencies, cryptocurrencies, commodities, metals, stocks, indices. There are several types of options available with different payment scenarios - from 80 to 200% of the invested amount. The expiration time for binary options ranges from 30 seconds to 1 day. It should be noted that the project is aimed at a specific group of traders. Speculators who prefer long-term trading from one day may experience discomfort.
If you study the trading conditions in more detail, it becomes clear that the list of assets in HighLow is not as extensive as that of other brokers. The project currently offers 43 types of assets.
Education
The site contains a training video for new arrivals, but there is no educational section as such. Novice traders will immediately feel the lack of information. This, in particular, is offset by a handy FAQ section, where you can find answers to the most common questions traders have. Again, the Russian language is not supported, which is inconvenient for traders from Russia.
There are also nuances. The broker cannot provide consulting services to clients. There is no automatic trading option on the platform. Newbies will need to find a professional signal provider or develop strategies in advance.
Minuses
The lack of a Russian-language version of the site and Russian-language support Only residents of certain regions can become customers of HighLow, Armenia from the post-Soviet countries is included in the list Traders are offered only one standard account type and training
pros
Interesting bonus program Comfortable deposit and withdrawal of funds, does not charge any fees on deposits Since the AFSL regulator imposes strict requirements, traders' investments are reliably protected
Reviews
The vast majority of reviews about HighLow are positive. There are also negative ones: some customers complain about the delay in withdrawing funds, but such complaints are quite common. Some traders believe that the broker should expand the range of offered trading assets.
HIGHLOW is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
HIGHLOW profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. HIGHLOW received a score of 1 of 5 on our resource.