HighLow is one of the few Australian brokers around. What’s more, they are even licensed and regulated. This is quite unusual for a binary options broker and as such, offers a great deal of credibility to the broker.
While these are important aspects for a broker, it can be difficult for traders to make a decision solely based on these features. In fact, it can be quite confusing to choose a particular broker without understanding what they or their trading platform have to offer. This is one of the reasons that demo accounts exist. Let’s take a look at what the HighLow demo account consists of:
Creating a HighLow Demo Account
Now, a lot of brokers do offer traders the opportunity to open up a demo account with them. HighLow, however, takes this one step further by offering potential traders an option that is even easier. In order to use the HighLow demo account, you do not have to sign up for any of their services or accounts. This is quite different to what most other brokers offer traders.
All you are required to do is to visit the HighLow website. Once there, you can ask to access their demo account. This is the advantage, however. You do not have to enter any information or register for any account. You are also not required to part with any financial information or provide your credit card details either. The demo account is actually a webpage on the website. It is immediately accessible by any trader who visits the website. This makes this whole process incredibly easy and simple. You can begin reviewing and placing practice trades instantaneously. If you wish to begin placing real trades with HighLow, you simply have to sign up for one of their accounts. Here, you will only have to deposit 10 Australian dollars in order to begin investing in trades.
The HighLow Demo Account
As you can imagine, one of the shining features of the HighLow demo account is the ease with which you can access it. The trading platform is exactly what you can expect if you decide to register with one of the HighLow accounts that are real. HighLow offers you something as well.
In addition to having the platform right on the site, the broker also offers virtual money. HighLow provides possible traders with a lump sum of $10,000 in virtual funds. You can use this money to trade as you see fit with the assets that are available to you. Furthermore, the trading takes place in real time, offering each trader up to date statistics regarding the marketplace.
What’s more, you get to choose from Spread High/Low trades, High/Low trades, On Demand trades, and Spread On Demand trades. This will provide you with a variety of assets to select from. You can then choose when the trade is going to end and how much you would like to invest. As a trader, you will also have access to the bull and bear situation and just how much payout you can expect from your trade. The experience is exactly what you will be able to observe if you opt for an actual trading account.
The Benefits of the HighLow Demo Account
The HighLow demo account offers something that few other brokers do. In this instance, it really is in a league of its own. You can familiarize yourself with the overall layout of the trading platform and the account. At the same time, you will be able to construct trading strategies and experiment with them. All of these can be done without having to spend any of your own money. Almost as good, you can do this from the moment that you visit the HighLow website.
This is how you can use the demo account provided by HighLow binary options broker. This way, you will be able to take a look at how the trades are placed and determine how to place your own.