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HighLow

HighLow Review
Trader's rating 1
Editor's rating 4.6

 

Basic Information

 

Min.deposit

Min./Max. bet size

Payout %

Promotion

Trading platform

$50

$10/ $2,000 

Up to 88%*

up to $50 cashback

In-house web-based

 

*Up to 100%, spread included

 

HighLow is an ASIC-regulated binary options broker, that offers industry leading payouts on its unique trading platform. Unlike most binary options brokers, it offers a single trading account type.

 

In terms of assets, however, the broker’s portfolio appears rather limited. It includes less than 20 currency pairs, less than 10 indices CFDs and gold.

 

The Company. Security of Funds

 

Company

Country

Regulation

Highlow Markets Pty. Ltd.

Australia

ASIC

 

HighLow is a brand name Highlow Markets Pty. Ltd., a firm regulated by the Australian Securities and Investment Commission (ASIC).

 

ASIC requires licensed companies to meet certain requirements and to comply with various rules. Australian forex brokers must hold at least $ 1 million in order to operate legitimately, to keep  clients’ money segregated trust accounts and to report transactions regularly.

 

Unlike other European brokers, however, Australian ones are not covered by any compensation scheme.

 

Trading Conditions

 

Trading Options: High/Low, High/Low Spread, Turbo, Turbo Spread

Assets:  Currencies, Indices and Commodities

Expiry Times: High/Low, High/Low Spread – from 15 min to 1 day 3

Turbo, Turbo Spread - from 30 seconds to 5 minutes

 

As you can see, popular trading options such as long-term binary options, One Touch, Ladder and Pairs are not available with HighLow. Also, there is no option to follow other traders, such as SpotFollow or iFollow.

 

On the other hand, this broker offers an unusual type of options that show a bid/ask spread, the standard method of price making in the forex markets. These are Turbo Spread and High/Low Spread options.

 

Minimum Initial Deposit

The minimum initial deposit for clients of HighLow is $50, which is a low initial amount. Many binary options brokers require $100 - $200 from traders as a start, and they are not even regulated.

 

Min. bet size

The minimum bet size with this broker is $10, which is average. By comparison, with mobile-only binary options broker NenX one can place a trade with just €1. A bet size as low as this allows lower-risk trades.

 

Payout amount

HighLow's payouts are expresses in their platform as decimal odds. In fact, this broker offers rather high payouts, those for Turbo Spread and High/Low Spreadwhich actually being among the highest in the industry, reaching 100%.  However, with those instruments traders have also pay a spread, as their name suggests.  This is how the broker gets paid for its services and is able to offer 100% returns.

 

On the other hand, the payout amount for HighLow’s non-Spread instruments is 88%, which is also attractive.

 

Trading Platform

 

HighLow uses its in-house web-based platform, which is also available as mobile applications for iPhone/iPad and Android devices. It is quite unique and easy to use at the same time.

 

 

Once an asset is selected, the chart below will update, showing current price levels, trader sentiment, payout and the expiry. The platform’s charts, however, are basic, lacking advanced technical analysis features.

 

Besides, the platform provides a sentiment indicator, Trader’s Choice, that allows users to monitor current trading trends in real time.

 

Promotions

HighLow currently offers up to $50 cashback on initial trades for new clients.  

 

Methods of Payment

 

There are several payment methods available to HighLow’ clients: Credit cards (Visa), bank wire and e-payment service Neteller. Other region-based methods are also available.

 

There is a $20 fee for international transfers to overseas bank accounts.  

 

Conclusion

 

HighLow is an ASIC-regulated binary options broker whose offerings are pretty unique in terms of instruments and platform. It offers 100% payouts but these instruments also include a spread. To sum up the above, here are the advantages and drawbacks in relation to this broker:

 

Pros Cons
ASIC-regulated No long-term options, OneTouch, Ladder
Attractively high payout amounts Rather limited asset offering
Unique and easy to use trading platform  

 

Forex.com

Forex.com Review
Trader's rating 2.9
Editor's rating 4

Trading Accounts

 

Account type Minimum deposit  Minimum trade size  Maximum leverage* Average Spreads
Standard $50  0.01 1:200  1.8 pips 
AciveTrader/Premium  $20 000/$10 000   0.01 1:200 1.3 pips **/1.5 pips
*Leverage in the US is limited to 1:50.
** Spreads can be as low as 0.7, based on the clients’ trading
volume.

 

FOREX.COM currently offers two account types: Standard, and Active Trader.  The ActiveTrader account was launched in November, 2016 in Canada and US and soon it will also be rolled out to the rest of the markets where the broker operates. 

 

An alternative to the ActiveTrader, Premium account (currently available in UK, Australia, etc.) is available with $10 000 and offers spreads averaged 1.5 pips. It also offers 2% interest on your account balance, up to $50,000.

 

The Active Trader account is accessible only via the broker’s proprietary FOREXTrader platform and will not be offered to traders using the MetaTrader 4 (MT4) or any Managed Accounts and accounts referred by an introducing broker (IB).

 

In addition, FOREX.COM offers swap-free accounts to investors of Islamic belief.

 

Trading Conditions

 

Minimum initial deposit

In order to open an account with FOREX.COM, one has to invest just $50, which is a low minimum initial deposit. In comparison, FXCM also demands $50 from its clients as a start.

 

Spreads & Commission

One of the main advantages of major broker FOREX.COM is that it offers commission-free trading. Of course, this means that the company gets remuneration for its services by a mark-up. That is why FOREX.COM’ variable spreads are not among the tightest in the industry – average ones amount to 1.8 pips on EUR/USD pair. Nonetheless, you get access to a selection of trading platforms with fast execution (average execution speed is 0.05 seconds), and most importantly, your funds are safe.

 

In addition, ActiveTrader account holders may benefit from an average 15% reduction on our standard spreads. Spreads on this account type can be as low as 0.7 pips on EUR/USD, plus, their holders get personalized support, priority service and no account fees on the FOREXTrader Platform.

 

In comparison, FXCM offers variable spreads, averaged 1.5 pips on commission-free accounts. For further information, you may check out and compare real-time spreads of 15 leading brokers here

 

Maximum leverage

The maximum leverage levels offered by FOREX.COM is up to 1:200, which is considered average. Of course, the maximum leverage provided to US clients is 1:50.

 

If you need higher leverage ratios, many FX brokers provide such. FXCM offers leverage up to 1:400 and you may also check out a list of brokerages providing leverage up to 1:500 or higher here. You should keep in mind, however, that higher leverage involves greater risk of losses.

 

The Company. Security of funds

 

Set up in 1999, Gain Capital now has a global reach. Being one of the largest brokers in the US, it is therefore in direct competition with FXCM for the domination of the US market. It is It offers trading in currency pairs, index & commodities CFDs, precious metals, as well as exchange-traded futures and options (US clients).

 

First of all, GAIN Capital Group, LLC is a registered futures commission merchant and retail foreign exchange dealer with the US Commodity Futures Trading Commission (CFTC) and is also a member of the National Futures Association (NFA).

 

Brokers that are registered with the NFA are obliged to comply with a stringent set of rules. US regulation is one of the strictest, which is a good thing in terms of investor protection, however some of the rules imposed are considered too restrictive.

 

For instance, NFA-registered brokers are required to maintain a net capital of at least $20 million to guarantee customers’ positions, which is the highest minimum capital requirement worldwide.

 

Besides, hedging is not allowed and leverage is limited to 1:50, while European brokers are free to provide leverages up to 1:1000 or even higher than that.

 

The parent company, GAIN Capital Holdings, Inc. (NYSE:GCAP), is a New Jersey-based forex and CFD broker. As a global publicly traded company, regulated in 7 jurisdictions, Gain Capital meets high standards of corporate governance, financial reporting and disclosure. Generally speaking, if you choose to invest in forex.com, you may trade without worries about your funds’ safety.

 

Company

Country

Regulation

GAIN Capital Group, LLC

US

NFA, CFTC

Forex.com UK Limited

UK

FCA

GAIN Capital FOREX.com Australia Pty Limited 

Australia

ASIC

Forex.com Canada Limited

Canada

ILLROC

GAIN Capital Group (Hong Kong) Limited 

Hong Kong

SFC

GAIN Capital Japan Ltd. 

Japan

FFAJ

 

Trading platforms

 

Forex.com offers its clients two basic trading platforms: its in-house FOREXTrader & and the popular MetaTrader 4. In addition, the brokerage also supports Tradable and its special ECN platform, GTX.

 

The fully-customizable FOREXTrader is equipped with advanced trading features, professional charting tools and integrated research and analysis. It comes in as web, PC varsions and full array of mobile apps (including iOS and Android devices). FOREXTrader PRO’s professional-grade trading tools include real-time charting, pattern recognition software by Autochartist, and custom-built automated trading software, called Strategy Center.

 

Among the FOREXTrader’s features is the Strategy Center with automated buy and sell signals, which allows traders to access 15 user customizable pre-defined trading strategies as well as build their own via the Strategy Wizard. The Strategy Center includes the ability to back test strategies against historical data and then activate them to generate buy and sell signals in real time.

 

Forex.com's inhouse FOREXTrader platform. Click to enlarge.

 

The comprehensive research and analysis includes round-the-clock updates from our expert in-house research team, real-time concise headlines from Reuters News, and professional technical analysis from industry-leading Trading Central.

 

With this platform, users are able to choose between instant and market execution (through the Execution Mode drop-down). Unfortunately, FOREXTrader does not allow hedging, as open positions are closed in compliance with the (First in First Out) FIFO accounting rule, applicable in the US.

 

Some of the new functionalities of the platform after a recent update include powerful charts with integrated one-click trading, smart trade ticket with advanced risk management option, pre-defined and customizable layouts, and more.

 

The most common forex trading platform - MetaTrader4 - is also supported by Forex.com. It offers competitive pricing on over 45 currencies, superior market execution and EA optimized environment. Furthermore, Forex.com’s MT4 is equipped with some unique trader tools & resources, such as live commentary from the company’s Global Research Team, real time technical analysis from Trading Central and actionable ideas from Autochartist. According to us, MT4, offered by forex.com has one significant disadvantage - it does Not offer a 3rd party bridge.

 

GAIN Capital’s GTX is an independent and innovative ECN designed for institutions and professional traders. It offers robust algorithmic trading capabilities that enable clients to develop and implement a wide range of trading strategies using GTX’s Java or FIX-based APIs.

 

Payment methods

 

Clients of Forex.com may use bank wire transfer, as well as debit/credit cards as payment methods.

US clients may also make deposits and withdrawals via Check and eCheck (U.S. bank accounts only), while EU clients can use Sofortbanking (online funds transfer available in the UK, Germany, Switzerland, The Netherlands and Belgium only).

 

Conclusion

 

Although its spreads are not among the tightest on the forex market, we highly recommend Forex.com, for it has earned its reputation of a reliable broker with strong regulation and transparent policy. It offers reasonable conditions for trading in forex, CFDs and stocks on a wide range of platforms. Here are, in a nutshell, the advantages and disadvantages with regards to Forex.com, the retail forex brand of Gain Capital:

 

Pros       Cons
Well-regulated & reputable broker Mediocre spreads
Commission-free trading  
Choice of trading platforms, MT4 available  
Fast execution speed  

                                                                                  

Company Name: FOREX.com

Website Address: www.forex.com

Headquarters: Bedminster One, 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921.

Country: United States

Regulated by: NFA (USA), CFTC (USA), FCA (UK), FSA (Japan), ASIC (Australia), IIROC (Canada)

 

Languages: English, Chinese Traditional and Simplified, Arabic, Russian, German, and Japanese 

Phone: +1 908-731-0750

Fax: +1-908-731-0701

E-mail: [email protected]

Free Phone: Toll Free: 877-367-3946 (US & Canada)

Year of company's foundation: 1999 

Year of company's forex division foundation: 1999

Client base: Individuals (IBs, Money Managers, White Label partners, please visit www.gaincapital.com).

Services: Forex and Metals (UK and AU only). Trading 24 hours a day from Sunday 5pm ET – Friday 5:00pm ET. Commission Free trading (bid/ask spreads apply). Web-based trading platform requires no download or installation. No debit balance guarantee. Free access to charting, news and research. 24 hour customer support via phone, email and chat during trading hours. Mobile trading available. 24 Hour trading.

Languages: English, Chinese simplified and traditional, Arabic, Russian, Japanese

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