ASIC Regulated Binary Options Brokers

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
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  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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.

Binary Options Brokers

Looking for your next binary options broker? You’ve landed in the right place.Here you will find detailed information, reviews, and ratings about almost all binary options brokers in the industry… or at least the ones that matter enough.Whether you are new to binary options or a seasoned trader looking for a new broker, this is the place to start and find the best broker for you.Never invest before reading the ThatSucks.com broker review first!

Brokers
Broker name Regulated Minimum Deposit Return/Refund Score
VIPBinary No 250 60-75%/1-10% 1 / 10 Visit Now
TradeSmarter No N/A N/A 1 / 10 Visit Now
Banc De Binary No 250 70-83%/0% 1 / 10 Visit Now
OptionBit Yes 250 70-85%/0% 1 / 10 Visit Now
WinOptions No 200 65-85%/1-10% N/A / 10 Visit Now
Trader369 No N/A N/A N/A / 10 Visit Now
StartOptions No 1000 68-90%/0-10% 4.6 / 10 Visit Now
Bloombex Options No 200 68-85%/0-10% 1 / 10 Visit Now
EZTrader Yes 50 70-81%/0-10% N/A / 10 Visit Now
OptionXP No 200 65-75%/0-10% 1 / 10 Visit Now
MinuteOptions No 100 65-75%/0-10% 1 / 10 Visit Now
OptionsClick Yes 200 60-89%/0-2% 1 / 10 Visit Now
TradersRoom No 250 65-75%/0-10% 1 / 10 Visit Now
TraderXP No 200 65-75%/0-10% 6.3 / 10 Visit Now
Global Option Yes 200 70-95%/0-10% 6.1 / 10 Visit Now
TradeRush No 200 65-75%/0-10% 1 / 10 Visit Now
BullOption No N/A N/A 1 / 10 Visit Now
OptionFair Yes 100 100% / 0%* N/A / 10 Visit Now
OptionFire No 200 55-81%/10% 1 / 10 Visit Now
Optionet No 200 65-89%/1-15% 1 / 10 Visit Now
GCMBinary No 200 70-85%/0-10% 1 / 10 Visit Now
IOption No 250 71-83%/0-15% 1 / 10 Visit Now
StockPair Yes 250 75-83%/0% 1 / 10 Visit Now
AnyOption Yes 200 65-80%/5-25% N/A / 10 Visit Now
OptionWorld No 200 68-75%/5-10% 5.3 / 10 Visit Now
CitiTrader No 300 65-75%/0-10% 1 / 10 Visit Now
XPMarkets No 200 65-81%/0-10% 4.9 / 10 Visit Now
UBinary No 250 70-85%/+10% 1 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
OptionNow No 250 75-85% / 0-15% 6.3 / 10 Visit Now
GOptions No 200 70-85%/0-10% 1 / 10 Visit Now
GTOptions No 250 65-85%/0% 6.9 / 10 Visit Now
OptionYard No 200 70-82%/0-10% 1 / 10 Visit Now
OptionsXO No 250 70-89%/0% 1 / 10 Visit Now
BDSwiss Yes 200 N/A 8.5 / 10 Visit Now
Dragon Options Yes 250 65-80%/0-10% 6.6 / 10 Visit Now
Opteck Yes 250 N/A 1 / 10 Visit Now
TopOption Yes 100 72-85%/ 0% N/A / 10 Visit Now
BINOA No 100 60-85%/0-10% 5.9 / 10 Visit Now
MarketsWorld No 10 70-90% /0% 1 / 10 Visit Now
OneTwoTrade No 250 60-85% /0% 1 / 10 Visit Now
Safe24Options No 200 68-75%/0-10% 1 / 10 Visit Now
IHoptions No 200 68-89%/5-10% N/A / 10 Visit Now
Binary360 No 200 60-75%/0-10% N/A / 10 Visit Now
TraderEasy No 200 65-75%/0-10% N/A / 10 Visit Now
OptionWeb Yes 200 70-90% /0% N/A / 10 Visit Now
OptionLucky No 200 68-75%/0-10% N/A / 10 Visit Now
Binary Markets No 200 68-75%/0-10% N/A / 10 Visit Now
OptionRally Yes 250 65-81%/ 0% 7.6 / 10 Visit Now
777Binary No 200 65-75%/0-10% 5.6 / 10 Visit Now
Trading247 No 200 60-75%/0-10% 1 / 10 Visit Now
OptiMarkets No 200 75-80%/0-10% 1 / 10 Visit Now
BNRY No 100 65-75%/0-10% 5.0 / 10 Visit Now
CedarFinance No 200 65-75%/0-10% 1 / 10 Visit Now
24Bulls Yes 250 40-85%/0-40% 6.9 / 10 Visit Now
BetonMarkets Yes 5 50-95%/0% 1 / 10 Visit Now
BeeOptions No 150 60-85%/0-10% 7.0 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
Redwood Options No 500 70-81%/1-10% 1 / 10 Visit Now
XOptions Trading No N/A N/A N/A / 10 Visit Now
VaultOptions No 100 65-75%/5-10% 5.1 / 10 Visit Now
OptionGround No 200 70-85%/0-10% 1 / 10 Visit Now
EasyXP No 200 75-80%/0-10% 1 / 10 Visit Now
GrandOption Yes 200* 75-89%/0-10% 6.4 / 10 Visit Now
FMTrader Yes 250 65-85%/0-10% N/A / 10 Visit Now
Binary Yes 10 75-90%/0-5% 9.1 / 10 Visit Now
Global Trader 365 No 200 65-75%/0-10% 1 / 10 Visit Now
Regal Options No 200 75-80%/0-15% 1 / 10 Visit Now
Sycamore Options No 200 65-75%/0-10% 1 / 10 Visit Now
TraderWorld No 200 68-80%/0-10% 1 / 10 Visit Now
TitanTrade No 350 70-85%/0% N/A / 10 Visit Now
LBinary No 250 70-85%/0-10% 1 / 10 Visit Now
PowerOption Yes 250 70-85%/0% 1 / 10 Visit Now
Winner-Option Yes 100 70-80%/0-5% 1 / 10 Visit Now
MarketsKing No 250 65-85%/0-5% 6.4 / 10 Visit Now
AmberOptions No 200 70-80%/0-5% 1 / 10 Visit Now
PlatinumTrader No 350 60-80%/0-10% 5.9 / 10 Visit Now
BrokerageCapital No 200 70-75%/0-5% 1 / 10 Visit Now
99Binary No 200* 78-93%/0-10% 6.9 / 10 Visit Now
CTOption No 250 70-80%/0-15% 1 / 10 Visit Now
BossCapital No 250 63-85%/0-10% 1 / 10 Visit Now
RBOptions No 250 75-88%/0% 7.4 / 10 Visit Now
CallandPut No 250 65-85%/0% 6.4 / 10 Visit Now
UKOptions No 250 70-82%/0-5% 1 / 10 Visit Now
BinaryTilt No 250 70-85%/0-3% 1 / 10 Visit Now
IQ Option Yes 10 75-92%* 9.3 / 10 Visit Now
MagnumOptions No 500 70-85%/1-10% 1 / 10 Visit Now
BigOption No 100 70-85%/0% 1 / 10 Visit Now
OptionMint No 250 68-85%/0-10% 5.5 / 10 Visit Now
CherryTrade No 200 65-85%/-% 1 / 10 Visit Now
10Trade Yes 200 70-81%/ 10% 1 / 10 Visit Now
No1Options No 500 75-89%/0-10% 1 / 10 Visit Now
SpotFN No 250 70-88%/0% 1 / 10 Visit Now
OnlyOption Yes 200 70-85%/0-10% 7.3 / 10 Visit Now
InsideOption No 500 78-84%/0% 7.0 / 10 Visit Now
Tradorax No 250 70-85%/0-4% 1 / 10 Visit Now
YesOption No 250 75-89%/0-3% 1 / 10 Visit Now
GrowBinary No 100 75-80%/0-15% 5.7 / 10 Visit Now
RoboOption Yes 10 70-85%/0-15% 1 / 10 Visit Now
EveryOption No 200 75-85%/0-15% 1 / 10 Visit Now
IvoryOption No 250 70-85%/ 0% 7.3 / 10 Visit Now
Ayrex No 25 60-80% 8.0 / 10 Visit Now
TradeThunder No 200 70-80%/0% 1 / 10 Visit Now
WikiOption No 250 75-85% /0-15% 1 / 10 Visit Now
365BinaryOption No 200 75-85% /0-15% 1 / 10 Visit Now
BinaryInternational No 200 70-85% /0-10% 7.4 / 10 Visit Now
ImperialOptions No 250 60-80% /0% N/A / 10 Visit Now
IG Yes 200 Varies 8.5 / 10 Visit Now
FinPari No 250 70-85% / 0-15% 1 / 10 Visit Now
EmpireOption Yes 100 70-82%/0-5% 7.8 / 10 Visit Now
BinaryBook No 250 75-85% / 0% 1 / 10 Visit Now
Nadex Yes 250 Varies 9.3 / 10 Visit Now
Oboxee Yes 10 70-85% / 0-15% 1 / 10 Visit Now
InteractiveOption No 250 75-85% / 0-15% 1 / 10 Visit Now
BinaryBrokerZ No 250 75-85% / 0% 1 / 10 Visit Now
WMOption No 250 70-85%/ 10% 1 / 10 Visit Now
365Trading Yes 100 68-85% / 0% 1 / 10 Visit Now
KeyOption No 300 82% / 0% N/A / 10 Visit Now
HYOptions Yes 100 80% / 0% 1 / 10 Visit Now
PWRTrade No 250 75-85%/ 0% 7.4 / 10 Visit Now
BMBOption No 250 80% / 0% 7.2 / 10 Visit Now
PorterFinance No 250 70-85% 6.5 / 10 Visit Now
Dukascopy Yes 100* 70-90% 8.5 / 10 Visit Now
CWOption No 25 70-85% N/A / 10 Visit Now
TRBinaryOptions No N/A N/A N/A / 10 Visit Now
OlympTrade Yes 10 75-92% / 0% 8.5 / 10 Visit Now
BinaryUno No 250 75-80% / 0-10% 5.7 / 10 Visit Now
TradeSolid No 100 75-85% / 0% 1 / 10 Visit Now
Finmax Yes 250 70-85%/ 0-15% 9.0 / 10 Visit Now
BuzzTrade Yes 250 75-85% / 0-15% 1 / 10 Visit Now
OxMarkets Yes 250 70-85%/ 0-15% 1 / 10 Visit Now
UboCapital No 200 75-85%/ 0-15% 6.4 / 10 Visit Now
BillionOptions No 250 75-85%/ 0-15% 1 / 10 Visit Now
OptionStars Yes 250 60-85%/ 0-20% 7.4 / 10 Visit Now
PrestigeOption Yes 500 75-85%/ 0-10% N/A / 10 Visit Now
OptionBanque No 200 75-85% / 0-15% 7.0 / 10 Visit Now
Citrades No 250 70-85% /0-15% N/A / 10 Visit Now
QuickOption Yes 250 75-90% / 0% 7.1 / 10 Visit Now
AskOption No 250 60-81% /0-5% 7.3 / 10 Visit Now
SternOptions No 250 75-85% / 0% 1 / 10 Visit Now
TradePlus No N/A N/A N/A / 10 Visit Now
Binomo No 10 70-87% / 0-10% 8.0 / 10 Visit Now
PlusOption No 250 75-81% /0% 6.3 / 10 Visit Now
HighLow Yes 50 75-85% /0% 8.6 / 10 Visit Now
Bullbinary Yes 50 75-85% /0-15% 1 / 10 Visit Now
TorOption No 350 75-85% /0-15% 1 / 10 Visit Now
PrimeCFDs Yes 250 N/A 1 / 10 Visit Now
eXbino No 10 75-85% /0-15% 1 / 10 Visit Now
Binatex No 50 75-85% / 0-15% 7.9 / 10 Visit Now
Finrally No 250 75-85% /0-15% 1 / 10 Visit Now
ExpertOption Yes 50 89-95% / 0% 8.8 / 10 Visit Now
72Option No 250 75-85% / 0-10% 6.5 / 10 Visit Now
BinaryCent No 250 70-100%/ 0% 6.7 / 10 Visit Now
BinaryOnline No 250 70-85% /0% 1 / 10 Visit Now
GreenFieldsCapital No N/A N/A N/A / 10 Visit Now
PrestigeFinancialMarkets No N/A N/A N/A / 10 Visit Now
Grand Capital Yes 100 75-85%/ 0-15% 7.8 / 10 Visit Now
Pocket Option Yes 50 N/A N/A / 10 Visit Now
Option888 No 250 75-85% / 0-15% 6.9 / 10 Visit Now
uTrader No 300 75-85% /0-10% 5.3 / 10 Visit Now
RaceOption No 250 50-70% /0% 6.3 / 10 Visit Now
OptionField No 100 70-93%/0% 7.3 / 10 Visit Now
Binary24 No 10 75-85% /0-10% 7.1 / 10 Visit Now
CloseOption No 5 50-95% /0% 6.8 / 10 Visit Now
BinaryMate No 250 75-90% / 0-15% 4.8 / 10 Visit Now
Binarium No 10 70-90% /0% 7.5 / 10 Visit Now
Q8Trade Yes 250 N/A 6.2 / 10 Visit Now
CryptoBO No 250 70-85% 4.9 / 10 Visit Now
Finarix No 250 N/A 5.7 / 10 Visit Now
NSBroker Yes 250 N/A 9.4 / 10 Visit Now

Binary Options Brokers List 2020

Search Brokers

The word “broker” comes up in about any binary options conversation and that’s because you cannot trade binaries without using one. If you are new to all of this, then you’re probably wondering what brokers are; so here’s the quick rundown: they are the intermediary between the trader and the financial market, so when you want to open a trade, you will have to go through the broker. You will need a brokerage account and then if you want to trade, you will have to fund that account. Here’s when potential problems may arise.

There are literally hundreds of brokers out there, so finding one will not be a problem… Choosing the right one may prove to be difficult because all brokers have different trading conditions.

Learn about the Brokers

Your first concern should be the safety of your money. Is this broker regulated? Are they trustworthy? What do other clients say about them? There have been a lot of scams in the early days of Binary Options and although now things are a lot safer, you will still encounter brokers that try to scam you in various ways. That being said, when choosing your next Binary Options broker, this is one of the first questions you have to ask yourself: is this brokerage regulated by a major financial watchdog like CySEC (Cyprus), ASIC (Australia), FCA (United Kingdom), CFTC (United States), or any other local regulator? Only a few of the unregulated brokers are trustworthy.

Your second concern should be about trading conditions. How much is the minimum deposit? How much is the minimum trade? What assets are they offering? What’s the average return? Will I get a refund in case of a losing trade? If you plan on investing low, you will have to choose a broker with a low investment per trade. If the broker allows you to trade lower amounts per trade, that means that you can stay in the game longer and a losing trade will not be such a big deal.

And finally, the BOTS score. We take everything we just talked about into consideration and translate it into a number anywhere between 0-10. These numbers are also based on client’s opinion, so it’s not only us you can trust but also traders like yourself. For more information regarding each and every broker, click on the brokers’ name.

Choose Your Broker

Trust is a major issue when it comes to these companies because, as I mentioned above, you will have to fund an account with them, so your money will be in their possession. If the brokerage is legit, then you have nothing to worry about, because you can withdraw at any time or use that money for trading and make a profit.

The matters above and much more (like Bonuses, Fees, Commissions, Deposits, and Withdrawals, etc.) are extensively covered in our Broker Reviews. We are doing everything we can to keep our reviews comprehensive and up to date, so don’t let our work go to waste. Use it!

Binary Options Australia

Binary trading has many advantages over traditional forms of financial investments. It’s a quicker learning curve, your payouts and risk levels are both known before even placing a trade and they are much more affordable than buying shares. With Australia being a major financial center in the southern hemisphere, it is not surprising to find many binary options brokers actively trying to recruit Australian traders. With brokerage firms courting Australian traders, it’s even more important to know that the company you are dealing with is legally authorized to operate in Australia. To help our Aussie readers, we have compiled a list of recommended brokers which are legally authorized to operate in your country. These recommended brokers are selected based on:

  • The quality of their services and product offerings
  • Their regulatory status
  • Their reputation

There is no better time for Australians to start trading binary options as the Australian Securities and Investments Commission (ASIC) have recently began to regulate binary trading activities in Australia. This means that an Australian based trader can now focus his attention and efforts on trading the markets rather than spending sleepless nights worrying if he has been scammed or not.

Best Brokers in Australia

Given the fact that Australia has recently decided to regulate trading in Australia, the best brokers that Australian based traders can sign up with are those which are registered and regulated by ASIC. By dealing with ASIC regulated brokerage firms, traders can have the confidence that there is a regulatory agency that is actively looking after their legal interest by ensuring that the brokers that they trade with operate with transparency and fairness.

However since binary options have only recently come under ASIC regulatory oversight, there are very few brokers that are ASIC regulated. For the convenience of our readers in Australia, we have listed below those firms that are currently regulated by ASIC.

Review

Review

Review

Regulations

In Australia, the financial industry is regulated by the Australian Securities and Investments Commission (ASIC). Established in 1998, AISC is empowered by the Australian Securities and Investments Commission Act in 2001/2020. In addition, it is also responsible for administrating the following Australian Acts of Parliament:

  • Corporations Act, 2001
  • Insurance Contracts Act, 1984
  • National Consumer Credit Protection Act, 2009

While AISC’s main role is the supervision of the Australian financial markets, its specific areas of responsibilities include the following:

  • Monitoring the Insurance Industry
  • Promoting financial literacy
  • Protecting consumer interests
  • Supervision and monitoring the provision of financial services
  • Supervision and monitoring the trading of securities and derivatives

Over the past several years, offshore binary operators have been targeting Australian based binary traders with illicit purposes in mind. Due to the unscrupulous activities of several binary brokers in scamming Australia traders, this has prompted ASIC to act. With the expansion of AISC regulatory powers under the amendments of the Australian Securities and Investments Commission Act 2020, binary trading activities came under the jurisdiction of ASIC.

ASIC has banned offshore binary operators from soliciting traders in Australia. In order for a broker to operate legally in Australia, they are required to register and obtain an operating license from ASIC.

ASIC Licensing

With ASIC’s mandate being expanded to cover binary options trading in Australia, they have now come up with strict guidelines which dictate the quality and base requirements which binary brokers have to provide to Australian investors. Brokers in Australia are now held to a higher standard and are required to operate with fairness and a high degree of transparency with their operations.

One of ASIC’s main goals is the restoration of confidence which Australian traders have with regards to the online trading industry. By offering legal protection to investors and holding brokerage firms to a higher standard of accountability, this will go a long way in safeguarding Australia’s reputation as one of the major financial centers in the southern hemisphere.

Deposit Methods Available In Australia

As a well developed economy, Australia has a strong financial payment infrastructure in place already. This means that all internationally recognized methods of fund transfer are supported in Australia. As such traders in Australia can easily fund their trading accounts with their credit/debit cards, eWallets such as NETELLER or direct bank transfer. Given the fact that ASIC has banned offshore brokers from operating in Australia, bank wire transfers is not a cost effective method of depositing funds with an Australian based broker.

  • Is it legal to trade binaries in Australia?

Yes. It is legal for an Australian resident to trade binaries.

  • Are binaries regulated in Australia?

Yes. This trading type is now regulated by ASIC.

  • How to trade binaries in Australia?

In order to trade in Australia, prospective Australian binary traders have to open a trading account with an ASIC regulated broker.

Conclusion

While binary options is a fairly new market innovation and despite its popularity among retail traders, it’s important to be aware that the trading of financial instrument is largely unregulated. Regulatory authorities all over the world are currently working to come up with a legal framework to regulate this new form of financial trading. Hence it is safe to say that the binary regulatory landscape will continue to develop and change further.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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