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Transparency, cashback terms, and regulation are the major indicators for the ranking of any broker and we are happy to present you with a review on a highly praised broker. HighLow is talked about frequently in financial circles these days. The name of the broker resonates for good reasons…
HighLow is a transparent platform that is devoted to best practices, higher morality, and customer satisfaction. The good news is that finally, we are reviewing a broker that is complying with the Australian laws.
HighLow scam complaints were spread across the internet but how reliable are such complaints and warnings? Has this platform ever been warned against by a regulatory authority? How well is the broker complying with its regulator’s terms and laws? How good are the trading opportunities available with this platform? This third-party review will update you with every bit of information that counts.
If you’ve just come here looking for some specific information then rather than reading our full in-depth HighLow review you can simply use the quick navigation links below to easily jump straight to the section you’re looking for:
- HighLow Background
- Is HighLow Regulated?
- HighLow Complaints
- HighLow Withdrawal
- Is HighLow a Scam?
- Our Verdict on HighLow
- Scammed By HighLow? How To Get Your Money Back?
- There’s a Better Way To Make Money Online
HighLow Markets PTY Ltd. owns and operates one of the most reliable brokers available.
- Australian Company Number. 143 553 628
- Australian Business Number. 85143553628
The platform was introduced in 2010 which means that the broker is in business for the last 10 years and we are amazed to see that it is still operating. We rarely see a broker who managed to hold on for so long, a decade to be precise. It still looks promising.
The website mentions the following addresses:
Australia (Headquarters) Level 14, Macquarie House, 167 Macquarie Street, Sydney, NSW 2000, Australia.
The good news is that the address is genuine and physical. It isn’t a virtual office like most of the other platforms.
The UK subsidiary (HighLow Markets Ltd.) undertakes the payment processing from Level 4, 13 Regent Street, London, SW1Y 4LR, United Kingdom.
A compassionate group of professionals joined hands to establish this amazing platform. The broker entertains traders from all over the world (depending up the local laws) but don’t forget that the regulation policies only apply to the Aussies.
HighLow is based on Markets Pulse, a reliable trading platform featuring amazing white label trading features. The platform offers High/Low Spread, High/Low Trading, Turbo, and Turbo Spread.
Is HighLow Regulated?
HighLow is regulated by the Australian Securities and Investment Commission (ASIC) and the license number is 364264.
The company acquired its license on 10-05-2010 and National Australian Bank is the banking partner of this broker.
Financial Services Agency (FSA) enlisted HighLow Markets PTY Ltd. on 18.11.2015 claiming that the company had no authority to operate in Japan. It isn’t a big deal because such mild warnings are issued just to let the public stay aware of the listed brokers in a particular region.
The number and nature of complaints against HighLow are suggestive of the fact that the broker has earned good reputation over the years. The management is extremely careful about the legitimacy of its services. We haven’t received or found any serious concerns from any of its traders. The support team is exceptionally satisfying. The account managers are highly professional and they don’t use any pressure tactics. They are known for good and sincere expert advice. The overall reputation of the support team and the account managers are above average and this is what forces us to rate this broker higher above any other going around.
Some traders do complain about the lack of fancy options such as the boundary, ladder, hyper, one touch, no touch, and range. The platform is more focused on fast trading so it doesn’t offer anything that extends beyond 24 hours. The broker only offers 35 assets and it is considered a downside because traders are now looking for an extensive asset list.
Some traders aren’t so happy with the too simple approach but we think that it is good because it keeps the risk on the lower side. In addition, we are happy with the Demo Account which is designed to facilitate the clients because most of the other brokers offer Demo accounts only to advertise their product. HighLow doesn’t require signing up for the demo account. There is no need to deposit anything to a website doesn’t even ask for your email address. This is a pure example of a FOR-CLIENTs demo account. It facilitates you with 10k virtual money.
We have realized that HighLow withdrawal policy is extremely simple and is aimed at facilitating the clients as much as possible. The management process the transaction in just one working day even via Bank Transfer. Other withdrawal options include Neteller and Credit/Debit card. $50 is the minimum withdrawal and the fee for the withdrawal is 1.5% of the withdrawal amount (for Credit/Debit Card and Neteller) and 20$ for bank transfer.
Is HighLow a Scam?
It feels extremely satisfying to call something highly transparent and reliable. There is no serious HighLow scam complaint. The platform is duly regulated and is operating for 10 years. The broker is respected in the financial circles. It is simple yet highly effective and reliable service.
If you see the cashback and bonus terms, you’ll notice that they are far from a scam. The web traffic is also exceptional and it has never declined over the past few years. All these indicators are suggestive of the fact that HighLow is one of the most recommended brokers we have ever reviewed.
Our Verdict on HighLow
HighLow is the prime example of an honest financial service. Their team is devoted towards client’s satisfaction. The broker is regulated since 2010. It offers segregated accounts so your money is held safe with their partner National Australia Bank which is a highly praised AA-Rated bank.
We Recommend HighLow for another good reason that is you only need $50 as a minimum deposit to open an account. Most of the brokers only have this limit at as high as $250. We highly recommend HighLow as an exceptional trading platform so if you are interested in trading then you must consider this option. Our recommendation is based on facts and we never recommend anything unless we are completely satisfied after going through all important factors.
Scammed By HighLow? How To Get Your Money Back?
Since writing this HighLow review it has come to our attention that there have been several reports published online with people claiming to have been scammed by HighLow. Now we cannot verify whether these reports are true or not, however it is clearly quite alarming all the same.
Regardless though, if you feel you have been scammed by HighLow yourself you have landed in the right place because we have put together a step-by-step money reclaim guide which shows you exactly how you can get your money back from a binary options scam.
The guide was first launched in 2018 & since then it has helped thousands of people to successfully get their money back from binary options scams & therefore if you feel you have fallen victim to the HighLow scam then we are confident it will help you too.
There’s a Better Way To Make Money Online
Trading is very risky there’s no doubt about that & when it comes to Forex or binary options trading it’s even more risky because many of the brokers & trading platforms are actually just flat-out scams… Therefore in general we don’t recommend trading.
However the good news here is that there are several MUCH better ways to make money online (in our opinion) and they don’t involve any risk like trading does – plus they are much easier to scale to build a nice income.
Out of all of the legitimate opportunities we’ve come across though there has been 1 in particular which has stood out from all of the rest and as a result we have named it our number 1 recommendation for working from home.
So if you’re still looking for a way to make extra money you can get access to our number 1 recommendation by clicking the link below: