Binary options trading depends hugely on speed. When trading with short term expiries, having the ability to make a trade at the right second is vital. Brokers fully understand this need, and obviously also want to offer their clients the ability to trade when and where they want. For most binary brokers, trading using a mobile device is a therefore a fundamental requirement, and they do provide mobile trading apps to their clients.
The majority of mobile binary options trading apps, does provide the full range of trading options. Most of the markets and expiry time scales are available. Brokers have tried to make sure that there is a strong similarity between their online platforms and their mobile apps, while still being simple and easy to use. Many companies do offer ‘one touch’ trading which works easily on a mobile device. Busy brokers can then trade anytime and anywhere, while the relevant markets are open.
All leading brokers provide mobile apps, which are available via:
- Google Play Store for Android devices
- The iTunes App Store
- Direct download from the Broker website.
These applications are available for free to binary traders. The quality of each app differs from broker to broker, as some have given their apps more consideration. We review the quality of each in our broker reviews. Some of the apps make use of the touch screen capabilities of the various devices, while others have created customised charts and views specifically for mobile devices.
Mobile binary trading complaints
Occasionally the account management features are not available, while some of the other features available on the website may not be available on the app either. However even though these are seen as weaknesses, it is quite normal with all mobile apps to be trimmed down versions of a full product offering to ensure efficiency on these smaller devices. Some brokers do have unique features that separates them from the rest, and if they are capable of making these available to mobile users as well, they do offer the best of both worlds to clients.
What do the best mobile binary options apps provide?
At a bare minimum, these trading apps should provide users the ability to trade. However some brokers have exceeded that and have created functions and tools specifically for mobile binary trading, even providing up to the minute financial news via the app – a handy feature. Others provide pricing and charts that are kept up to date. Fundamentally the data needs to be readable and useable and it is the apps with more attention to detail, that stands out above the rest.
Read the individual reviews for a thorough analysis of each broker’s app.