If you want to trade at any time and any location you need a binary options app on your mobile phone or tablet. When trading in very short term expiration periods, 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 app is a key offering for most binary options brokerages.
Top Trading Apps
How to Trade with Apps
Most mobile applications provide a full range of trading options via mobile platforms. 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;
- Google Play store for android devices
- iTunes App store
- Direct download from the broker website
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.
Potential Drawbacks
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.
What Do The Best Applications Provide?
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. 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.
The advent of AI has changed market analysis and research, and some applications offer in depth research tools via mobile too.
Who Has the Highest Rated App?
…according to those users who have already downloaded it?
Almost every binary options broker now offers their trading platform via a mobile application. Brokers are well aware that traders want, and need, to trade anywhere, at anytime.
The applications have been developed across every platform and device as demand for mobile trading grows – but the quality of the applications on offer does vary.
Some brokers have clearly spent a great deal of time, money and effort into developing a feature rich and intuitive application. One which not only allows trading via clear, easy to use screens – but also gives users the ability to maintain their account or even research future trades.
Some have even made sure their applications are optimised for particular devices, or operating systems – making full use of technologies only available to certain makes and models.
Other brokers have created applications with very little ambition in mind, almost treating any mobile trading offering as a “tick in the box”.
While each mobile application is included in our full in-depth reviews, another way of judging the mobile trading facilities at each broker is to compare the user feedback each application has received – and see what existing users think of the mobile applications.
Which mobile application is “best”?
User preference will often dictate which application is best, but our top 3 are listed here:
Useful Resources:
DayTrading.com provide further detailed information on Trading Apps.