Mobile trading is becoming more and more popular and binary options apps are quickly becoming the preferred access point for active investors. Regardless of your preferred mobile OS, Android or iPhone, brokers are developing top-quality mobile trading applications that compete with other competitors in the financial arena.
Smart brokers have long realized that when traders log on to their accounts, it is via mobile. Among the many people who trade using their smartphones or tablets, it’s a good idea to find a platform that’s precisely designed. That said, you should focus your attention on the best mobile trading apps. So what should you look for in a dedicated mobile binary trading tool?
Best apps for binary trading in South Korea
Do you need an app?
It all depends on how you prefer to trade. If your activity is confined to the desktop, obviously the mobile app isn’t going to be a priority. However, if you intend to do most of your trading on the go, ideally you would be with a broker who can provide a user experience (“UX”) that reflects this. How this UX is presented is really important to individual brokerage firms and their tech people. That’s right. Your broker may require you to access the platform via a standard mobile web browser (ie without an app). The experience you get with this type of setup may not be ideal. Worst of all, you’ll find that you’re barely getting close to the ‘frozen’ version of what you’re actually watching on your laptop. The experience of using the platform has become unnecessarily slow, awkward, and confusing. So, the way brokers solve this problem is by providing dedicated apps for mobile users. From your point of view, this will not be easy. The best binary apps allow you to download a handy little widget and instantly access your chosen platform and account via an icon in your device’s menu. From accessing transactional data to transacting, the entire experience should be simple, secure and “mobile friendly”. Download a handy little widget and get instant access to your chosen platform and account via an icon in your device’s menu. From accessing transactional data to transacting, the entire experience should be simple, secure and “mobile friendly”. Download a handy little widget and get instant access to your chosen platform and account via an icon in your device’s menu. From accessing transactional data to transacting, the entire experience should be simple, secure and “mobile friendly”.
App Reviews
In many areas of our daily lives, many of us are accustomed to going directly to the Apple Store or Google Play Store to find the mobile tools we want. After all, these are the gatekeepers of the iOS and Android worlds, and if a piece of software has a decent rating in the store, it can be a useful trust indicator. Of course, when it comes to binaries, I’m not just picking a simple widget to use. You are deciding which platform to conduct your trading activities on. “How good is this mobile app?” is an important question. Before investing time and money, you should ask the following questions: “ Is this the right trading platform?”. To answer this, it’s important to see how the platform actually measures against important benchmarks.
- Payout
- List of assets
- Transaction type
- regulations
- Speed and Ease of Use
In these key areas, you should be able to evaluate your trading platform in the context of your own platform and what is available on the market. As part of this process, it’s worth taking a closer look at the kind of mobile trading experience the company offers. But that’s not all, and don’t put an end to all your decisions about whether or not to go with a particular broker.
Comparing binary trading apps
The best binary options apps will give you access to all (or almost all) of the features you can get on your desktop, but in a way that fits the capabilities of your mobile device. Most will have versions written specifically for Android, iOS, and Windows, taking advantage of the strengths of each platform. With that in mind, here are some specific features worth looking for in a great trading app.
Demo account
Any broker will tell you that the platform is designed to be ‘user-friendly’. However, it’s hard to tell how well these claims stack up with screenshots alone. Binary trading apps with demo accounts are a great way to utilize them for testing. At the very least, you should be able to access this information without giving out your bank card details and without an e-mail address or other personal information. IQ Option provides a mobile app for this feature.
practice app
A decent demo account app also does a useful job. It doubles as a practice app – essentially allowing you to get your hands on it and execute dummy trades on the go.
Free training resources
Another useful way to familiarize newcomers with what’s involved. Whenever you have free time, use your phone to access videos and other resources.
Instant account access and usability
You should be able to seamlessly transition from desktop to mobile and track your trading activity holistically. Understanding asset graph patterns should be an intuitive process, and you should be able to enter positions, perform recurring trades, and more as easily on mobile as anywhere else. Account management (such as deposits and withdrawals) is sometimes overlooked in weaker apps. The best applications provide full account management.
Instant alerts and news
This is an area where mobile really comes into its own, and may be one of the main reasons why deals are moving away from desktops. The best binary options apps tend to feature news and data alerts, so you’ll be immediately aware of changes in market conditions. You can then access your account instantly and adjust your trades accordingly. For example, Banc De Binary has real-time graphs and updates from Reuters. So, which mobile platform provides the best mobile experience? Find the best broker apps with our independent reviews.
