Review: HighLow Indonesia Trading Platform

Review: HighLow Indonesia Trading Platform

Update Jan 2019: HighLow no longer offers services in Indonesia. We are now recommending broker Zen Trader for Indonesian traders seeking a broker with local bank deposits and withdrawals.

HighLow Markets Pty Ltd is a Sydney, Australia based and fully regulated broker (ABN 851 435 536 28). Although HighLow has only been operating since 2012, they have clients from around the world and have become one of Asia’s largest retail brokers. In recent years, many Indonesian traders have chosen HighLow Indonesia as their preferred way to trade Forex, Gold, Stocks and Crypto. We have a look at the HighLow trading platform, and what is behind this increasing popularity.

Trade World Markets from One Platform

The HighLow platform has been redesigned to suit Indonesian traders. Rupiah (IDR) is now offered as an account base currency, meaning no more difficult currency conversions from USD or EUR. All trades are made in IDR and all profits are paid in IDR.

The platform offers trading in forex, stock indices, commodities and now crypto assets (Bitcoin, Ethereum, Ripple and Bitcoin Cash). Speed and simplicity are key elements of the HighLow platform design, and the time-frames of 30 seconds up-to 1-day are suited to short term and day traders. In the interest of balance, we do note that HighLow only offers a limited number of tradable assets (about 40), which is must lower than many of their competitors.

The trading platform is available on iPhone and Android app, for those on mobile you can sign up and download here. The HighLow demo account offers an identical trading environment to the live account and includes access to a free live price feed.

Deposit and Withdrawal via Bank Transfer

Instant deposits and fast withdrawals via local bank transfer (BCA, Mandiri, Maybank, CIMB etc.) is what HighLow has become most well known for in Indonesia. Traders can deposit via bank transfer (Virtual Account) through internet banking or ATMs (read our deposit tutorials). Their HighLow account is then credited within seconds. Instant deposit is also available via credit cards, Visa and Mastercard.

Withdrawals are processed twice a day (Monday – Friday). Indonesian traders should receive the funds in their bank accounts within 12 hours of a withdrawal request.

Whilst there are no charges for deposits, all withdrawals are charged a 1.75% processing fee.

Low Minimum Deposit and Trade Size

Whilst the trading limits for HighLow Indonesia clients are fairly high, up-to Rp.500 million in open trades, the minimum trade size is fairly small. The minimum trade size is just Rp.50,000, with a minimum deposit and withdrawal of just Rp.250,000.

This makes it accessible to traders who are just learning to trade or who want to test a new trading strategy with minimal risk.

Highest Payouts of Upto 200%

One of the main benefits of trading with HighLow is the high payouts compared with other brokers. Traders have the opportunity to receive a payout of 200% in a little as 30 seconds on winning forex, gold, stock index and crypto trades.

For example, if you invest Rp.100,000, a 200% payout means you receive Rp.200,000 back if your prediction is correct (Rp.100,000 capital + Rp.100,000 profit).

However, it is worth noting that not all assets are available on the shorter term time frames. For example, crypto assets are only offered on a daily option and some currency pairs such as GBP/USD and NZD/USD are not available under 15 minutes.

Safe and Fully Regulated in Australia

HighLow promotes themselves as one of the safest binary options brokers in the world. Getting a derivatives license from ASIC in Australia is very difficult and requires the broker put up substantial capital. We note that there are also benefits and safeguards for Indonesian traders when using HighLow as your broker.

ASIC regulation ensures the following:

Segregation of capital. Your account funds will always be held in a separate bank account to that of HighLow. HighLow uses National Australia Bank (NAB) as their bankers.

Insurance. The broker must hold adequate insurance policies.

Director Qualification and Staff Training. Directors and senior management of the company need to be adequately experienced and of good character.

HighLow Indonesia Cashback Bonus Offer

We have covered trading bonuses extensively here. While the HighLow bonus may not seem as appealing as other brokers. HighLow offers Indonesian traders what we consider to be the most honest and straightforward cashback bonus, without difficult terms and conditions.

Also, if you are a trader who regularly trades over Rp.1 billion each month, the HighLow VIP program provides a regular monthly cashback. Reducing overall trading costs.

Update Jan 2019: HighLow no longer offers services in Indonesia. We are now recommending broker Zen Trader for Indonesian traders seeking a broker with local bank deposits and withdrawals.