Binary trading application
Most mobile applications provide a full range of trading options. So the majority of markets and expiry time scales will be available. Binary options brokers have also tried to ensure that the trading platforms remain simple and easy to use on mobile devices, just as they are online.
This means trading anytime, anywhere is a real possibility for busy traders. Assuming the relevant markets are open of course. The applications are free to clients. Some brokers have taken more care and attention with their applications than others — the quality of each app is covered in our broker reviews. Many trading apps utilise the touch screen capabilities of the various handsets and tablets, and other have created charts and views purely for use on mobile devices.
One weakness which the majority of binary trading apps share is that the account management features are occasionally not available and some of the features provided on the full website are not available of the app. This is a common feature with mobile applications, as they need to be trimmed down versions of the full product in order to run effectively on tablets and mobile devices.
Some brokers do have some excellent features that set them apart from rivals — those that are able to make them available to mobile users as well, really offer the best of both worlds to their clients. At a minimum, trading apps provide the ability to trade — anything less would be rather pointless.
Some brokers however, have gone beyond the bare minimum and created tools and functions specifically for binary trading via a mobile platform.
Some provide up to the minute financial news via the app. This can be very helpful. There are also apps that provide up to date charts and pricing to mobile devices.
The key here is to ensure the data is readable and usable and it is this attention to detail that separates some broker apps from others. The financial markets react immediately to news and events, so the right broker, with the right mobile application, can make a big difference to the profitability of any binary options trader.
Mobile trading is increasingly popular and binary options apps are quickly becoming the preferred access point for active investors. So what should you be looking for in a dedicated mobile binary trading tool? It all depends on how you prefer to trade. How this UX is delivered is really a matter for an individual brokerage company and its tech guys.
So increasingly, the way brokers get around this is by offering its mobile users a dedicated app. After all, these are the gatekeepers of the iOS and Android worlds, and if a piece of software has earned a decent star-rating on the store, it can be a useful trust indicator.
Most will have versions specifically written for android, iOS and Windows — exploiting the benefits of each platform. At the very least, you ought to be able to access this without providing any bank card details and ideally, without your email address or other personal info. IQ option provides this functionality with its mobile app. A decent demo account app also performs another useful role; it doubles as a practice app — essentially allowing you to get to grips with it and execute some dummy trades while on the go.