Comparison of option types (1) – HighLow options

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Comparison of option types (1) – HighLow options

There are many types of binary options: Touch options and No-touch options, Classic medium-term high-low options which are offered by all brokers, KIKO options and many others.

But which one of these options is the best deal?

Why should you choose a broker based on the offered option types and expiration times? In today’s article, you’ll learn what high low options are and in the next episode, we will look at Touch and No-Touch options.

Classic high-low binary options

The concept of the classic options is surely notoriously known. Simply predict whether the price of the asset (currencies, a commodity or a stock) at a certain time rises or falls and a reward in the form of a profit of about 180% of the amount with which we traded is awaiting us. These options can be traded with the vast majority of brokers. Best brokers who allow trade in conventional high-low options include: IQ Option, Olymp Trade and Expert Option. What does such trade look like can be seen in the picture below.

This is how a CALL highlow option works

Broker Bonus Min Deposit Minimum Trade Amount Payout Demo US Traders Allowed Review Open Account
FREE DEMO ACCOUNT $ 10 $ 1 Up to 100 % !* Review Trade Now!
FREE DEMO ACCOUNT $ 10 $ 1 82 % for Standard, 90 % for VIP accounts* Review Trade Now!
FREE DEMO AND LOW MIN DEPOSIT $ 10 $ 1 Up to 90 %!* Review Trade Now!
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Spread binary options

The broker High Lows offers highlow options with a small modification and calls them spread binary options. Unfortunately, they only accept Australian Traders now

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The strike price is moved (what is a strike price?) a little in our disadvantage. This means that the price has to do a bit more movement than the minimum to get to the earnings. The advantage is that the broker pays a higher income of 100%. Do you understand how a spread option and classic option differ from one another? For better understanding, check out the picture below and compare it with the picture above.

This is how Spread binary options work. Notice the higher earnings and offset strike price.

I think that with high low binary options there is not much to explain. It is really the simplest type of trading. In the next part of this miniseries, we look at touch and no touch options.

Advantages of classic options:

  • It’s sufficient for the price movement to be minimal and sometimes even one-hundred-thousandth (0.00001)
  • We have clearly defined how much we will earn or lose
  • These options are offered by most brokers
  • If options do not play out nicely, they can be extended using the rollover function sometimes
  • Sometimes, we can „sell out“ from the position, so we do not get into loss
  • We can use hedging

Disadvantages of classic options:

  • We are bound by the expiration time.
  • Lower appreciation compared to other types of options.

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Top 3 Binary Options Brokers: Comparison of IQ Option, Binary.com and HighLow

IQ Option: Top Binary Options Broker

What are the top 3 binary options brokers today? Arguably, these are also one of the most popular, secure and regulated brokers in the industry. In this article, we’ll take a closer look at the terms, assets, trading platforms and accounts of:

Binary options brokers provide traders a platform to do their online trading in a secure environment. These companies also provide you with guidance and assistance online by helping you facilitate your binary options trading account.

Since there are many binary options brokers to choose from, we have gathered the top 3 binary options you can use if you’re planning to get started in your trading endeavors.

An example of a candlestick pattern, specifically the Morning Start Pattern, in binary trading. (Source: The Binary Optioner)

Growth of Binary Options

Many investors find binary options attractive and it appealed to numerous traders and newcomers. As the industry grows, brokers are also expected to become more reliable and trustworthy. According to Finance Magnates, the European Securities Markets Authorities (ESMA) even updated their regulatory framework to secure a fair treatment between traders and brokers in EU, particularly when it comes to brokers offering bonus systems to attract new clients.

Equipped with the right understanding and informed decision-making about binary options trading, there’s a potential for you to reap a huge sum of money through this trading option. This trading can reap you significant rewards, although, perhaps, not as stark as this rags to riches story from binary options as reported by The Sun.

How to Choose A Binary Options Broker

Choosing your binary options broker is one of the most crucial decisions you’ll make before executing any binary options trade. Since it’s a volatile market, having a good understanding of how this type of trading works and what to look for in an online trading platform is vital. Here are some factors to keep in mind:

  1. Assets. Brokers offer a wide variety of assets, hence, you must look for a platform that offers the type of asset you’re interested in.
  2. Payment methods. Having a variety of payment methods proves a broker’s reliability as it shows payment service companies trust them. Also, it provides you with many options to choose from according to your convenience.
  3. Demo account. This allows traders to test their skills without risking their own money and capital. Not all broker offers this type of account, hence, checking beforehand if it’s available is essential to potentially help you increase your trading success rate.
  4. Customer service. A reliable broker that you can easily contact regarding any issue or inquiry is valuable. Additionally, it’s also recommended to choose one that’s available in your language and has several contact channels, live trading charts, and tutorials.
  5. Bonus money. This is optional, but looking at brokers that offer bonuses may appeal to you to maximize your investment.

Top 3 Binary Options Brokers

1. IQ Option

IQ Option is the leader of our top 3 binary options platforms with its top-notch user interface for traders and excellent fusing of functionality and transparency. It is considered as one of the most reliable and trustworthy binary brokers in the industry as it’s licensed and regulated by the Cyprus Securities and Exchange Commission (CySec). The company is fully compliant with all the regulations of the commission and is authorized to operate and sell their products in a number of jurisdictions.

The online trading platform is one of the best in industry standards. Aside from binary options, IQ Option also offers other alternatives including Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Forex, Exchange Traded Funds (ETF), and digital options (with assets such as commodities, currencies, indices, and stocks).

It’s a robust application that’s packed with features that meet the needs of different types of traders – from professional ones to the newcomers – as it’s both functional and easy to use. Learning how the platform and binary options work is streamlined with the wealth of education and training resources provided by IQ Option. Materials such as tutorials, videos, webinars, e-books, and FAQ sections are easily available for traders to utilize.

Additionally, it offers convenience to its users with flexible deposit and withdrawal methods. It gives its users a wide array of options to fund their account via debit card, credit card, Skrill, WebMoney, Cash U, Neteller, Moneybookers, wire transfer, and even using Bitcoins. Withdrawing money is just as convenient.

If you’re interested in trying out this broker your can easily start trading with IQ Option here.

Terms

  1. Minimum deposit: $10
  2. Payout: 91%

Platforms

IQ Option is equipped with one of the most sophisticated platforms in the binary trading industry which is overhauled and updated to equip more advanced tools and features such as take profit levels and spot losses. Here are the devices you can use:

  1. Desktop. The app can be downloaded or accessed in the web on your PC or Mac. It offers four different layouts (line, candlestick, area, and bar) to view the charts according to your preference. It lets you make multiple trades and has technical analysis features.
  2. Mobile. It has a tailored mobile app that’s available on Android, iOS, and Windows versions. The interface is familiar as it’s designed to match the desktop version’s buttons, screen, look, and feel.

Accounts

  1. Demo account. One of the best in the industry, IQ Option gives users a demo account with a renewable supply of virtual funds. It runs alongside a real money account.
  2. Live account. Traders can immediately start trading by depositing a low minimum investment amount of $10 to access your live account. Having a real account allows users to participate in trading competitions, access more than 70 assets, and request withdrawal processing within 24 hours.
  3. VIP account. In addition to the features of a real account, a VIP account provides you a personal manager to assist you with any issues and inquiries and a monthly report on your trading records for insightful feedbacks. This account has higher payouts, entry to bigger tournaments, and exclusive educational materials. To get a VIP account, the user must deposit a minimum of $3,000.

2. Binary.com

Next on the list is Binary.com, one of the more established and respected brokers for binary options. It is fully licensed and regulated by the Isle of Man’s Gambling Supervision Commission which ensures the company stays compliant with the relevant regulations. It has one of the lowest minimum deposit requirements in the industry which makes it appealing to many traders.

The platform is known for being simple, straightforward, and easy to use. This lets you seamlessly execute your trade within seconds, track your portfolio in real time, sell trades at market prices and identify the appropriate trade for each market condition. As you scroll down, you’ll see comprehensive chart features that you can view in interactive, pop-up, line, and legacy viewing options. The trade types they offer include Rise/Fall Option Contract, Higher/Lower Option Contract, Touch/No Touch Option Contract, and Tick Trades which all sets them apart from other brokers.

Binary.com allows users to trade with flexibility. You can choose from a duration of 10 seconds to 365 days, a payout from $1 to $50,000, your own strike, and assets that range from stocks, indices, commodities, and major currencies. Another innovative feature of the platform is their “Binary Bot” service that assists traders to configure and build their auto-trader. Depositing and withdrawing funds to and from your account can be done by debit and credit card, e-wallets (such as Skrill and OK Pay), money transfer, and bank wire.

Terms

  1. Minimum deposit: $5
  2. Payout: 90%

Platforms

  1. Desktop. It has a user-friendly platform with the basic functionalities and detailed features. It operates in real-time and lets you execute trades within seconds.
  2. Mobile. Retaining the desktop version’s look and feel, the mobile app is optimized for Android and iOS devices. It’s designed carefully for traders to do quick, on-the-go trading anytime, anywhere.

Accounts

Binary.com only offers two straightforward account types:

  1. Virtual demo account. A Binary.com demo account that you can quickly sign up on from your desktop or smartphone. It provides $10,000 for novice traders to practice and get the hang of trading binary options before even depositing your own money.
  2. Real account. Once you decide to move to a real trading account, all you have to is make a very low initial deposit of $/£/€5. You can then easily access your virtual and real account via the menu box as you need.

3. HighLow

Placing on the third spot of our top 3 binary options brokers is HighLow. It’s a web-based online trading platform that’s designed with flexibility for novice and veteran traders. Regulated by the Australian Securities and Investment Commission (ASIC), it’s one of the industry-leading brokers that give you high payouts, free demo account, and real-time market prices.

The trade types they offer includes HighLow, HighLow Spread, Turbo, and Turbo Spread. The expiry time ranges from 15 minutes, 1 hour, and 1 day. For the Turbo option, traders can choose from 30 seconds, 1 minute, 3 minutes and 5 minutes. They also offer a bonus promotion of $50 cash back after your first trade whether you win or lose.

HighLow continues to be a popular name in the trading industry which shows a promising direction on aspects of the platform that users want them to improve, such as the list of their assets. The minimum deposit amount can be funded through hassle-free methods using your preferred currency that ranges from USD, AUD, EURO, and GBP. Meanwhile, withdrawal can be done instantly through credit card and Neteller while bank account withdrawals can take up to 3 days.

HighLow Options Review – A Safe Binary Options Broker Regulated By The ASIC

Summary

HighLow is a safe broker that is excellent for binary options traders that are looking for a safe and reliable trading environment. HighLow scores well on most counts, but there is still room for improvement. With such an amount of market experience, we anticipated HighLow to reach its stride a while ago, but things are indeed looking bright for the future.

An Overview To Our HighLow Broker Review

These days, it is typically impossible to trust the reliability and credibility of a binary options broker through their promises or marketing campaigns alone. There are several binary options trading companies that assure of top-quality services, when in fact, they have garnered mostly negative reputation from the retail traders. However, we are pleased to inform that HighLow is a genuine binary options broker that has several remarkable qualities that make it a highly preferred choice in the financial market.

We investigate several core features of a binary options company while compiling a review, ranging from trading platforms, assets, customer service, bonus, payouts, and even the minimum deposit options. With our HighLow review, we can present a unique and eye-opening proposition to our readers that not only help in enhancing the overall trading experience, but also allow traders to secure their trading capital against financial scams.

Understanding The HighLow Regulation & Company Facts

HighLow was launched as early as 2020 by an Australian financial company and is officially known as HighLow Markets PTY LTD. HighLow can be considered as one of the early pioneers in the binary options industry and was one of the very first brokers to embrace the new and innovative binary options product at that time. HighLow had the vision, and the expertise to quickly become a mainstream financial company in the binary options markets and continues to be a popular name among a large section of the retail trading industry.

HighLow is regulated and licensed by the Australian Securities and Investments Commission (ASIC), with the Australian Financial Services License (AFSL) no: 364264. The ASIC is considered to be one of the most stringent and investor-oriented regulatory bodies in the financial markets and has gained an incredible amount of trust and confidence among retail traders. The ASIC is quick to investigate any financial discrepancies perpetrated by its regulated companies and is known to issue strict sanctions and penalties to discourage financial malpractices.

HighLow does not give any relevance to numbers, as the broker is more committed to enhancing customer satisfaction and tries to retain its clients through proactive investor safety. HighLow has more than 50,000 clients that continue to use the broker’s services and products on a recurring basis, which is clearly a testament to the company’s dedication towards up keeping the integrity of its services. The ASIC also plays a major part in bringing HighLow under a strict regulatory framework, which requires the company to satisfy minimum operating capital requirements, segregation of clients’ funds, and maintaining strict auditing practices.

HighLow Assets

While we are impressed by the regulatory status of the company and the safety of investments, we feel a bit let down by the number of financial instruments offered by the company. HighLow does cover the major financial markets such as Forex, commodities, and indices, but the actual number of assets available for trading is only close to 25. Here are the financial assets provided by HighLow for binary options trading:

Forex Currency Pairs: AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD, GBP/AUD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY

Indices: AUS200, FRA40, GER30, HKG33, JPN225, UK100, US30

Commodities: Gold

HighLow has been a prominent name in the binary options markets for well over seven years, and it is indeed surprising that the broker hasn’t paid any attention towards increasing the number of financial assets available for trading. When we compare HighLow to other mainstream brokers, we do find that the list of 25 assets is in stark contrast to the number of financial instruments offered by its competitors. We have reviewed brokers that offer more than 10,000 different underlying assets, which do make us a bit disappointed in the HighLow binary options brokerage.

HighLow Trading Products, Features, & Payouts

HighLow does indeed bypass its shortcomings in the assets department by offering some of the highest payouts in the industry. Incidentally, there are four different types of binary options products at HighLow. The first type is the classic High/Low trading, which is followed by Spread trading. The third option is the Turbo option, while the fourth option deals with Turbo Spread trading. All options have expiry times ranging from 30 seconds to 1 day, which does present an option for traders to choose their preferred trading strategy.

The minimum payout starts from 88% for the more conventional binary options that have longer expiry times, which is larger than the maximum payouts offered by Turbo options at other companies. Turbo options witnesses a jump in the ROI to 95%, while the HighLow spread options offer an incredible return of up to 100% for most financial instruments. The payouts offered by HighLow are certainly among the best offered in the industry, but the broker does not offer any refunds for out-of-the-money trades.

Trades can be initiated with a $10 minimum investment, while the maximum investment per position is $2000. These figures are not as competitive as other binary options brokers, who may be able to offer trading access from $1 minimum investment. Nevertheless, the higher investment of $2000 per trade is indeed $500 more than the industry average investment threshold of $1500.

Since HighLow operates as a contemporary binary options broker, the company does not require any additional fees for services rendered. All trades are executed according to the market conditions, and the trade outcomes are determined automatically by the broker’s platform. It does come as a consolation for traders that HighLow tries to minimise the conflict of interest, owing to the ASIC regulation.

HighLow Trading Platform Analysis

The HighLow platform is a web-based interface that is unique to the company and is developed internally to offer a feature-rich binary options trading experience. The easy-to-use web trader platform has a highly convenient layout that offers charts, option types, investment options, and the trading history tab to access all account information in one place. There are individual tabs for choosing the type of option, while the assets scroll-down menu and the expiry tabs all offer traders the opportunity to tweak their positions before entering a trade.

We would have liked HighLow to provide other customization options such as the ability to change/edit trades after entering a position in the market. Some leading brokers offer the opportunity to get out of losing trades and use rollover or double-up features to extend the expiry times. Such kind of flexibility is essential for professional traders and is also important from a beginner’s perspective. We also miss the additional binary options products such as touch/no-touch and ladder options, which can increase the payouts and profit potential for traders.

HighLow Mobile Trading Platforms

The HighLow web interface is an excellent tool for mobile trading, but the company has also provided HighLow mobile apps for iOS and Android operating systems. These trading apps can be installed on any smartphone or tablet running on the popular operating systems and appear to have the same features and functionality as the desktop trading interface.

We really urge traders to try the HighLow mobile platforms, as they can provide one of the best mobile trading environments in the market. The interface allows the same type of trading strategies as offered by the online interface, and there are no significant drawbacks that we have come to expect from other mobile trading platforms. We should give credit to HighLow for spending a significant amount of resources towards developing their binary options trading platforms.

HighLow Minimum Deposit & Withdrawal

A HighLow account only charges a minimum deposit of $50, which is indeed suitable for all types of traders. Some brokers may offer lower deposit choices, but the average deposit for binary options brokers in the industry is around $250. The withdrawal does not have any limit, and all withdrawals are honoured according to the ASIC guidelines. The company has processed all withdrawals till date, and there have been no issues for any clients, whatsoever. It is certainly amazing to see that HighLow has made it a priority to cater to investors’ needs, rather than concentrating on profits alone.

Traders can make a deposit using Bitcoin, Visa, MasterCard, and Neteller, which are some of the most popular payment processors in the binary options market. However, we are surprised that the broker does not offer other leading payment systems such as bank wire, Skrill and WebMoney, as these payment modes could have provided the much-needed flexibility in payments. Nevertheless, the basic payment options are certainly sufficient to cater to a fair share of the traders using the HighLow platform.

HighLow Bonus

Don’t expect HighLow to offer the traditional bonus for client deposits. A regulated company rarely indulges in any promotional offers, and it is no different for HighLow clients as well. The company has offered an unrestricted $50 as cash back for all new clients, which means that traders can receive up to $50 in bonuses for every $50 traded. The volume-based cash back bonus does not enforce any limitations to traders and is unlike any other bonus in the market. Normally, most brokers offer bonuses with specific limitations and conditions that put a freeze on the trading capital. At HighLow, the cash back offer is free from any trading restrictions, and traders can withdraw their profits at any time without any limitations.

HighLow Demo Trading

All website visitors can get a free HighLow demo account by completing a simple registration process. The free and unlimited demo account is a great option for traders to get accustomed to the HighLow platform and is a must-have tool for all traders. You can also get a taster of the platform by visiting the online trading interface for a platform walkthrough, which allows you to browse through the different trading features and functionalities without actually taking part in any trading activities. If you wish to invest in the markets through a demo account, you must complete the registration process.

HighLow Customer Service

HighLow customers have the option of contacting the ASIC or the Financial Ombudsman if they feel that they have not received optimum support from the broker. ASIC has made it mandatory for all regulated firms to adhere to the best in customer service channels, which are backed by routine audits. However, we did find out that the broker only offers a phone number and a web contact form for all customer interaction, with no option of live chat or VOIP support. HighLow certainly lacks in the direct customer interaction department, which is vital for all traders that take part in the risky and fast-paced financial market.

HighLow Trading Features & Resources

The website offers a resources page that provides some basic training videos and a glossary of terms used in binary options trading. The resources page also provides some frequently asked questions, platform walk-throughs, and other downloads that are intended for existing clients. Nevertheless, we don’t believe the overall trading resources and features are at par with the industry standards. It is of our opinion that HighLow should invest more time and effort into maintaining an excellent investor resources centre that not only provides training videos, but also offers news, technical analysis, market research, and trader tutorials.

HighLow Verdict

  • An ASIC regulated broker, which offers the best protection for investors for the safety of funds.
  • High payouts and excellent ROI for most underlying assets.
  • The best trading experience on desktop and mobile with dedicated apps for each operating system.
  • No questions asked free unlimited demo.
  • A lower investment option for traders that starts from a minimum deposit of $50.

CONs

  • The customer service department does not include a live chat feature.
  • The choice of instruments is low for a mainstream Forex broker.
  • Bonus not as attractive as other deposit bonuses in the industry.

How Are My Investments Secured?

All clients’ funds are kept in segregated accounts in top tier AA rated banks in Australia. The ASIC performs routine audits of HighLow’s financial transactions to ensure complete transparency.

Is HighLow A Scam?

HighLow is not a scam company, as it is one of the very few binary options brokers that are regulated by a genuine and reliable regulatory organisation. The ASIC is undoubtedly keen on issuing investor-centric policies that aim to keep the customers safe against financial abuse.

What Are My Funding Options?

The company offers online funding options such as Neteller and Credit/Debit card payments. The minimum investment for a HighLow account is $50.

Is The HighLow Platform Optimum For Binary Options Trading?

The HighLow platform is an excellent tool to trade the binary options market. Although the broker offers a feature-rich interface, the choice of financial instruments and binary options products are lower than the industry standards.

Best Binary Options Brokers 2020:
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  • Binomo
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    Only For Experienced Traders!

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