Apps – binary trading on mobile devices

You need a binary options app on your phone or tablet to trade anywhere, anytime. Being able to place trades in a timely manner is of paramount importance when trading on very short term expirations. Brokers recognize this and of course want their clients to be able to trade anywhere, anytime. Therefore, trading via mobile apps is a key product for most binary options brokerage.

How to trade with apps

Most mobile applications offer a wide range of trading options. Therefore, most markets and expiry time scales are available. Binary options brokers have also tried to keep their trading platforms as simple and easy to use on mobile devices as they are online. Many companies offer ‘one touch’ transactions that can be easily operated from mobile devices. This means that you can trade anytime, anywhere, which is a real possibility for busy traders. Assume the relevant market is open.

All major brokers offer mobile apps. They are usually available through common sources.

• Google Play Store for Android devices
• iTunes App Store
• Download directly from the broker website

The application is free to clients. Some brokers have paid more attention and care to their applications than others. The quality of each app is covered in our broker review. Many trading apps take advantage of the touch screen capabilities of various handsets and tablets, while others have created charts and views for use on mobile devices.

Potential downside

One weakness that most binary trading apps share is that account management features are not available and some of the features available on the entire website are not available in the app. This is a common feature for mobile applications as the full product version needs to be scaled down to run effectively on tablets and mobile devices.

Some brokers have great features that set them apart from their competitors, which give their clients the best of both worlds by making them available to mobile users as well.

What do the best applications provide?

At least trading apps give you the ability to trade. However, some brokers have gone beyond the bare minimum and created tools and features for binary trading via mobile platforms. Some provide maximum financial news through their apps. This can be very helpful.

There are also apps that provide up-to-date charts and prices for mobile devices. The key here is to make the data readable and usable. What separates some broker apps from others is the attention to detail. Read individual reviews and see an in-depth analysis of each broker’s app.

Financial markets react instantly to news and events, so the right broker with the right mobile application can make a huge difference to a binary options trader’s profitability.

Who has the highest rated app?

… According to users who have already downloaded it?

Almost all binary options brokers now offer trading platforms through mobile applications. Brokers are well aware that traders want and need to trade anytime, anywhere. As the demand for mobile trading increases, applications are developed for all platforms and devices, but the quality of applications offered varies.

Some brokers have spent a lot of time, money and effort developing feature-rich and intuitive applications. Not only does it allow you to trade through a clear and easy-to-use screen, it also gives you the ability to maintain your account or research future trades. Some are even optimizing their applications for specific devices or operating systems, taking full advantage of technologies available only to certain manufacturers and models.

Other brokers have developed applications with little ambition, treating almost all of their mobile trading offerings as “in the box”. While each mobile application is included in our full in-depth review, another way to judge each broker’s mobile trading facilities is to compare the user feedback each application has received and see what existing users think of the mobile application.

For mobile app research, data is based solely on Android users by matching user ratings assigned to applications as cited on the Play Store About page. This information was collected in October 2015.

In addition to displaying the current rating, it also described the number of reviews the application received. We have presented the “Top 10” in graphic form (click on the image to enlarge) – the numbers are shown below. We based our top 10 on number of reviews rather than ratings, as lower reviews can skew ratings and are not as reliable as large amounts of feedback.

Which mobile application is “best”?

Anyoption app performs well in pure ratings. A rating of 4.8 is a great approval from users. It’s also interesting to rank them across the board. 3.8 is the lowest score and indicates that all trading applications are relatively well received.

IQ Option’s mobile app has nearly 10 times more reviews than the next one. This probably reflects the fact that IQ’s minimum deposit requirements attract many traders. Whatever the root cause, 20,000 reviews certainly extensive opinion, so a rating of 3.8 can be considered a very reliable reflection of the application.

Similarly, popular brands like 24Option and IG Index also have over 2,000 reviews each, which is more than enough to lend credibility to their overall ratings. In 4.0 and 3.9, both applications provide powerful and functional applications to a large user base.

Some applications have yet to receive enough ratings to give them strong user ratings. I set the minimum to 150. However, we have included these applications in the table below.

Here are the figures, listed in order of rating:

Useful Resources:

Tradingapps.org provides detailed information about trading apps.