HighLow is one of the most popular binary options brands worldwide. This broker is also available for South African traders who have opportunity to explore their platform. It was a pleasure doing HighLow broker review since it is very simple to navigate over their site and discover numerous trading tools and features to use when investing in binary options.
HighLow broker is owned by the HighLow Markets Pty Ltd. Also, we learnt how this broker is regulated by ASIC authority. ASIC stands for the Australian Securities and Investment Commission (licence no AFSL 364264).
To find out more on this trading platform and available tools, continue further and read our HighLow broker review.
HighLow South Africa – General Info
While navigating over HighLow platform, we discovered how South Africans can deposit as low as $50 to get access to their binary trading platform and start trading. This amount is among the lowest in binary industry, which makes HighLow an attractive choice to trade with. Minimum investment per trade is $10, while maximum can be $2000. This broker truly does provide very high returns, even up to 200% in case of successful trades.
HighLow accepts several different currencies in which traders in South Africa are able to make deposit in, such as AUD, USD, EUR and GBP. Their platform is user-friendly and adapted to both beginners and expert traders which can greatly simplify their binary trading experience.
HighLow Trading Platform and Features
Simplicity and various trading tools are main characteristics of HighLow trading platform. It is easy to navigate on the process of placing a trade goes smoothly. All trade options are listed in upper part of the platform, where they look like tabs. By clicking on each trade option, South Africans can see available expiry times for each option.
HighLow broker operates on MarketPulse software. According to provided information, they offer 4 trade options:
- HighLow – a conventional option which indicates mid price and offers up to 190% of investment; often used by short-term investors
- HighLow Spread – it shows ask/bid spread and up to 200% returns; intended for traders who prefer long term trading
- Turbo – option that enables traders to select a preferred time frame most suitable for a trade. It varies from 30 s to 5 min.
- Turbo Spread – intended for traders who prefer max. returns up to 200% and are expecting large market price movements.
Traders can select 30 s, 60 s, 3 min and 5 min for Turbo and Turbo Spread options, while for HighLow and HighLow Spreads, available times of expiry are 15 min, 1 hr and end of day. This broker offers a variety of underlying assets to choose from, such as stocks, commodities, currencies and indices.
Trading hours are Mondays 9 a.m. to Saturdays 8 a.m.
A great feature which we noticed for HighLow broker review is they implemented mobile app to satisfy needs and wants of their registered South African traders. Now, they can trade from anywhere and have access to mobile platform not only from computers, but also smartphones and tablets. This is excellent option for busy traders. It is important to note how HighLow app is connected to both operating systems and can be downloaded from App Store and Google Play.
HighLow Account Types
As mentioned above in HighLow broker review, it is possible to make deposits via EUR, USD, AUD and GBP. We haven’t noticed different account types available, meaning they offer one unique trading account for all traders who sign up.
To begin trading binary options, traders in South Africa have to create an account. Registration process should go smoothly since traders have to provide their first and last name, email, password, phone, country and preferred currency. As a regulated broker, they operate in accordance with laws and regulations and offer serious and yet simple trading platform for South African traders to trade binary options.
Once traders click on Submit button, they’ll get access to the platform. Under My Account, they can check their trading history as well as keep track of current and past trades. Under this tab, they can make deposits and submit withdrawal requests.
This HighLow broker review revealed how they offer demo account to all interested traders. This demo is one of the best ways how South Africans can learn all tips and tricks of how to trade binary options. With HighLow, traders will get A$ 10 000 of virtual funds to practice and test a trading platform. A great thing regarding this demo account is the fact no registration is required whereas traders can simply start using demo when they open HighLow website.
HighLow Customer Support
Quality of support service is one of the inevitable parts of trading platform. So far, we noticed how they offer various ways how to get in touch with this broker. It is possible to use email [email protected], contact form, phone number for Australia and excellent option to search FAQ.
However, HighLow broker doesn’t provide live chat option, but in this case it is not so important since their FAQ offers an exquisite list of questions and answers regarding any possible topic. This serves as great help to South African traders who are always in a search to find all relevant information about trading binary options.
Under contact form, traders have option to select a precise category which is related to their question. Therefore, they can choose between: featured questions, binary options, account, trading and general.
This platform is available not only on English but also Chinese and Japanese.
Before making any payments, traders need to authenticate their trading account. Therefore, they have to deliver following documents: copy of ID card and copy of proof of address. Same procedure has to be applied in terms of withdrawal request and only afterwards, traders can get their funds back.
We have already mentioned how minimum deposit is $50, which is much below binary industry average. According to available info on their site, it is possible to make deposits via:
- Credit cards – Mastercard and Visa
- Bank wire
- Ewallets – Neteller, GiroPay, Sofort, SporoPay…
All accounts are kept in segregated accounts with Client Money Trust with National Australia Bank and in accordance to Commonwealth of Australia.
In terms of withdrawals, traders first have to submit a withdrawal request which should be quickly processed. Expected time frame until funds arrive on traders’ account is between 1 and 3 business days.
Minimum withdrawal amount is set to $50, whereas we did find out how they charge withdrawal fee. For credit cards and Neteller, fee is 1.5%, while for bank wire transfer, this fee is $20.
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