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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  

 

FXCM

FXCM Review
Trader's rating 3.9
Editor's rating 4.7

Trading Accounts

 

FXCM UK

Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads  
           
Standard $300 1000 1:30 1.5 pips + commission $4 (£3 in the UK)*   
 AciveTrader  $25 000 0.01 1:30 0.4 pips + commission $1.8 – $4 (£1.8 – £3 in the UK) *  

 

*Commission is calculated per standard lot of 100 000 base units (per side).

 

 

FXCM Australia

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
Standard $50 1000 1:400 1.5 pips + commission $4 (£3 in the UK)*
AciveTrader  $25 000 0.01 1:400 0.4 pips + commission $1.8 – $4 (£1.8 – £3 in the UK) **

*Commission is calculated per standard lot of 100 000 base units (per side). 

 

FXCM offers two account types: Standard and Active Trader. For those unwilling to expose themselves to the greater risk related to trading in large volumes, micro lots are available on all account types.

 

Trading Conditions

 

Minimum initial deposit

In order to open an account with FXCM Australia, one has to invest just $50, which is a low minimum initial deposit. FXCM UK requires minimum deposit of $300, in line with the industry average. 

 

Spreads & Commission

FXCM offers competitive variable spreads, averaged 1.5 pips on EURUSD on commission-free accounts.

Active Trader account holders may benefit from tighter spreads and commission discounts, provided that they satisfy certain trading volume requirements. For further information, you may check out and compare real-time spreads of 10 leading brokers here

 

Maximum leverage

 

FXCM UK offers the highest possible under ESMA regulations spread levels to all of its clients:

30:1 leverage restriction for major currency pairs

20:1 for non-major currency pairs, gold and major indices

10:1 for commodities other than gold and non-major equity indices

5:1 for individual equities and other reference values

 

The maximum leverage offered by ASIC-regulated FXCM Australia is quite higer:

400:1 leverage for Forex trading

200:1 leverage for CFD trading

 

The Company. Security of funds

 

Company Country Regulation
FXCM LTD UK FCA
FXCM Australia Pty. Limited Australia ASIC
FXCM South Africa (PTY) Ltd (IB) South Africa FSCA


This broker takes regulation, financial transparency and investor protection very seriously. In order to maintain transparency of operations, the company provides regular press releases where anyone can see the broker's monthly execution data. Besides, the companies within the FXCM group are regulated by some of the most respected regulatory bodies in the world: FCA in UK and ASIC in Australia.

 

Both FCA and ASIC regulated brokers are under strict supervision and are very well controlled. To acquire a license from the UK financial watchdog, financial services providers need to maintain net tangible assests amounting to at least EUR 730 000. Australian brokers, on the other hand, must hold at  least AUD 1 000 000 to prove  their financial stability.


Besides, under the UK regulations, investors’ funds are kept in segregated bank accounts separated from the company’s operating funds and, in case of default, sums of up to GBP 50,000 are protected under the Financial Services Compensation Scheme (FSCS).
 

 

Trading platforms

 

This broker offers a selection of robust trading platforms to its clients, including the most popular MetaTrader 4, its award-winning Trading Station, and NinjaTrader. In addition, Copy trading is available through the advanced web platform ZuluTrade.

 

FXCM’s In-house award-winning platform Trading Station is available as desktop, web, and mobile versions.  Apart from its sleek design and intuitive interface, Trading Station comes equipped with Marketscope – a powerful charting package. Here are some of its key features:

 

-         -  Place and manage trades from the charts;

-          - Pre-loaded Indicators: over 30 popular indicators like MA, MACD, Bollinger Bands and RSI;

-          - Custom Indicators: over 600 custom indicators available;

 

FXCM’s Trading Station. Click to enlarge.

 

As trading robots are extremely popular among forex investors, Trading Station offers automated strategies that take the human element out of trading and what is more, you don’t need to stare at the PC screen all the time. You may easily determine key areas where your trading strategies can be improved, and gain confidence in your robots prior to applying them by using the platform’s strategy optimizer conducts excessive backtesting.

 

There are also some exclusive tools with Trading Station, like the unique order type, Good Till Date, which lets you execute at specific times; and the broker’s exclusive Real Volume indicators, which opens FXCM’s trading book of traders around the world.

 

NinjaTrader is another platform supported by FXCM. It has simplified interface and offers all of the functionalities that you can make use of if you trade on Metatrader 4 or the desktop version of Trading Station, and even more. You can also benefit from fast execution, trading from charts, creating your own trading strategies, superior back-testing options, custom indicators and alerts.

 

Those traders who stick to the good old MetaTrader 4 (MT4) will not be disappointed with FXCM, as the broker fully supports this powerful multiasset software. The platform comes equipped with an outstanding charting package, numerous built-in technical indicators, Fibonacci retracements, trend lines, support and resistance levels, and so on – pretty much everything a trader needs. Those who are handy with code may create their own automated strategies (EAs) and custom indicators in the MQL programming language.

 

Payment methods

 

Clients of FXCM may make deposits and withdrawals from and to their accounts via debit/credit card, bank wire transfer, check, and ACH (Automated Clearing House).

 

Conclusion

 

One of the biggest FX brokerages worldwide, FXCM is an excellent choice: a reliable and well-regulated broker, offering excellent trading conditions on a wide range of trading platforms. Here are, in a nutshell, the advantages and disadvantages with regard to this broker:

 

 

Pros Cons
Group of companies with multiple regulations Stocks, options, and futures are not available for trade
Tight spreads   
Low initial deposit  
A selection of trading platforms offered  
Advanced copy trading options   
Price improvement (e.g. positive slippage) is available  
   

             

 

Website: www.fxcm.com 

Headquarters:

55 Water St. FL 50, New York, NY 10041

Country: United States

Regulated by:
USA: CFTC, NFA # 0308179

US: CFTC and NFA (NFA Member# 0308179) 

UK: FCA (Firm registration #217689)

Australia: ASIC (AFSL #309763)

Hong Kong: SFC (SFC CE #AIM232)

Italy: CONSOB (#76)

Germany: BaFin (#122556)

France: Registered with the ACP, as the branch of Forex Capital Markets Ltd.

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