Independent rating of Forex broker High Low

About company

High Low is a brokerage firm operated by High Low Markets Ltd. The company is one of the leading binary options brokers that tops numerous ratings of Forex brokers. High Low is licensed by the Australian Securities and Investments Commission (ASIC). The company is obliged to adhere to strict rules governing internal risk management, accounting, and audit of employees. High Low is not entitled to use customer funds for hedging or making payments to other traders. The processing of payments, market data, and financial comments are mainly carried out by the broker’s subsidiary in the United Kingdom. High Low offers new clients to try their hand on a A$10,000 demo account.

Trading conditions

• currency pairs, cryptocurrencies, commodities, precious metals, stocks, indices
• 43 asset types
• one trading account
• currencies and derivatives trading
• cash back after registration
• no commission
• expiration time of binary options: from 30 seconds to 1 day
• payments of up to 200% from initial deposit
• free video tutorials for beginners
• base currency: AUD
• no automated trading
• demo account
• no client consultations
• bonus program
• glossary

Trading platform

High Low’s trading platforms are available for desktop, tablets, mobile devices, and through its proprietary app running on ОС Android. In addition, traders have access to a demo version of the broker’s trading platform which does not require registration. In terms of functionality, High Low’s trading interface is significantly inferior to other popular trading software.

Support service

Clients can contact High Low managers by email and phone numbers indicated on the broker’s official website. On top of that, the website features the Frequently Asked Questions sections.

Traders’ reviews

Traders leave both negative and positive comments about High Low on the Internet. In fact, negative reviews outnumber positive ones. Customers’ complaints are mostly about the lack of details on trading conditions, incompetence of the support service team, and problematic funds withdrawing. Some clients even call the broker a scam and Forex kitchen.

Advantages:

• no commission on deposits
• regulated broker
• vast choice of trading instruments
• bonus program
• free video tutorials for beginners
• low initial deposit

Disadvantages:

• website lacks details on trading conditions and instruments
• one account type
• only residents of certain regions can become broker’s clients 
• МТ4 unavailable
• no automated trading
• plenty of negative feedback