On the outside, all brokers are great, the best, the most reliable and all that jazz. But when you take a closer look, you see the cracks appearing: they don’t pay you on time, they constantly pressure you to deposit more and in return they offer you a subpar service. With so many scams out there, it’s hard to know who to trust, so I am happy to announce that our list of approved brokers just got an upgrade, with 2 new entries.
HighLow – No Sales, Easy Withdrawal and No Strings Attached Bonus
To start with, this brokerage is fully regulated by the Australian Securities and Investments Commission (ASIC), with Australian Financial Services Licence (AFSL) number 364264. Regulation is a great thing, but it’s not the only reason why we approved this brokerage. When we recommend you a broker, we want to make sure you won’t be hassled with stupid phone calls, asking you for more money. I’m glad to say that HighLow doesn’t even have a call center! That means No calls and No pushy sales. We love that and I am sure you will too. Also, HighLow has a verifiable physical address. If you run into trouble with your broker and need to take legal action, knowing their actual location is extremely important (why do you think that so many brokers are hiding their actual address?). You can visit HighLow’s offices just how you visit your bank, a thing that adds confidence and weighted pretty heavy in our decision to approve them.
The minimum deposit is just $50, the minimum withdrawal is 10 AUD, and you can get a Demo account within seconds, without having to give them all your personal details. I think the best way to describe HighLow is “No Pressure”. By having such low minimum requirements for deposits and withdrawals, you don’t feel like you’re obligated risk high sums. Not sure about their service? Just deposit 50 bucks. Don’t want to risk even that? Click a button and get 10K free demo money… and don’t expect a sales call from them, cause you’re not gonna get it.
BDSwiss has Been Approved
BDSwiss can be considered a long timer, being in business since 2012 and regulated by the Cyprus Securities and Exchange Commission since 2013. They are among the first wave of brokers to seek CySEC regulation back in the day, and actually the first I hear to be registered with the U.S. National Futures Association. Lately they are taking all the right steps to become one of the more recognizable names in the industry and they’ve started to offer FX and CFD trading, which is a good addition because it broadens the spectrum of trading styles. Overall they are a good, solid broker, with lots of experience and very few complaints.
These are the main reasons why we’ve decided to add these two brokers to our Approved List, but if you want full details, you can head to the HighLow and BDSwiss full reviews. We hope you’ll have a great experience with these brokerages because we’ve done extensive research and tests before approving them.
24Option Shifts Strategy – EU Binary Options Traders would No Longer be Accepted
As the pressure piling on binary options brokers, old time binary-only brokers have decided to drop binary options trading and focus on CFD and FX trading. 24Option officials announced they will stop offering Binary Options to EU clients, hunch tells us that EU is only the beginning and we expect the same to affect non-EU traders very soon. Existing traders would probably have to make their decision very soon – switch to CFD/FX on 24, or chose another binary options broker to serve their needs. Our team will keep following the latest news, stay tuned!