Binary options trading relies hugely on speed. If trading in very short term expiration periods, then being able to make the trade at the right time is paramount. Brokers recognise this, and of course, they want their clients to be able to trade wherever, and whenever they choose to.
So trading via a mobile device is a key offering for most binary options brokerages, and all of them provide a mobile trading app.
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. Many firms offer ‘one touch’ trading which can work just as easily on a mobile device. This means trading anytime, anywhere is a real possibility for busy traders. Assuming the relevant markets are open of course.
The leading brokers all provide mobile apps. They are generally available via the usual sources;
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, binary options 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 options 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. Read our individual reviews to see in depth analysis of each broker’s app.
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.
Brokers with highly rated Mobile applications;
Watch a very brief video of the 24Option mobile app;