If you know anything about binary options trading, you know that a mobile platform makes trading more convenient, efficient, and accessible. When you can’t sit at your desktop to watch the market fluctuate, an app can make all the difference to your payout.
But what makes a high-quality binary options mobile app? We’ll show you what features you should look for and why a mobile platform helps you boost your trading skills.
But first, I’m going to show you the top binary trading apps of 2021.
Can you trade Binary Options on phone?
Trading with a mobile phone gives you the flexibility that you otherwise would not have with a laptop. The binary trading app offers binary options trading through mobile phones. Binary Options trading apps offer the same functionality you would get from a laptop or desktop computer. So, once you download these binary options app on your iPhone, iPad, or Android device, you’ll enjoy trading similar to PC.
Which Binary trading app is the best?
Many people are searching on the web about which Binary Option trading app is best. There are two types of Binary Trading platforms namely “Binary Options” and “Binary CFD’s”. They both have their pros & cons. However, with our expertise in this market sector for almost a decade now, it has given us a better opportunity to collect information on which one of these two trading apps is the best.
Fast recap: What are Binary Options?
This type of trading has a fixed payout amount whenever you make a winning trade. You simply need to predict if the price of an asset will either go up or down during your chosen time frame and then place a bet accordingly. The payout ratio is always 1:1. So, you’ll only get the money that you’ve invested as your return. The con of Binary Options trading is that there are no realistic ways to make a lot of money from it. You may win a few or lose a few but ultimately the chances of making a steady income from this type of trading platform are next to impossible.
The best 5 Binary Options Apps in comparison
Binary Options trading can be done on the go with the use of mobile devices. This makes it easy for traders to trade while they are commuting or when traveling.
Using an app enables you to keep close track of the assets you’re following and gives you direct access to buy and sell transactions.
It must be said, however, that there are many different apps, both good and bad. To help make your choice easier, here are the top 5 Binary Options Apps in comparison.
1. IQ option Binary trading app
The IQ Option app is known as one of the best trading apps on the market right now. It has a very user-friendly interface with clear explanations of all its features and trades can be made in just a few minutes.
It must be said, however, that the amount of money you need to deposit is not as low as with other apps and this can put some people off. To be able to use it for Binary Options, you’ll need $10 and this might be too high for those who are new to Binary Options trading.
If you’re looking for the best binary trading platform, IQ Option should be near the top of your list. This platform is preferred by traders for several reasons. First, it offers a generous welcome bonus to new members. As an example, a 100% welcome bonus means that you start with double the amount of money when you join the platform. There’s also no deposit required initially which gives you unlimited access to practice trading before making actual real money bets.
IQ Option has some of the lowest fees in the industry. This is because it’s also an automated trading platform, meaning that there are no expensive brokers to pay regularly. Fees for withdrawing your winnings and deposits are as low as $1 (for bank wire withdrawals) and $10 (for credit card cash-outs).
- Minimum Deposit: $10
- Max. Payout: 95%
- Min. Trade: $1
- Assets: Over 250+ Currency Pairs, Stocks, Crypto, Commodities, ETFs.
- Demo Account: Yes
2. Pocket Option
If you’re searching for a binary broker that offers premium services to clients around the world, USA and Europe inclusive, then Pocket Option is one of the best options you can get out there. PocketOption offers around-the-clock access to its trading platform, which is supplied by SpotOption. This widely used software and the trading app are capable of processing over 50 assets.
Platform
Pocket Option is the best choice for traders looking to trade around the clock, all over the world. This broker offers an easy-to-use trading platform that makes it simple to buy and sell assets like gold and oil. Pocket Option was also built on honesty, integrity, and transparency from the ground up.
The Pocket Option platform is supplied by Spot Option. This is a widely used binary options trading platform provider that can process over 50 assets. While the broker has low minimum deposit requirements, it still offers generous bonuses up to $50,000 when you sign up today.
Great trading experience
Pocket Option also provides customers with a trading experience that’s superior in almost every way to industry giants like BDSwiss and 24option. For instance, Pocket Option has much lower minimum deposit requirements ($250) and a much wider selection of assets to trade with ($50,000 worth of bonus).
Reputation
Pocket Option’s reputation is also as sterling as its trading platform. The broker was built on a foundation of honesty, integrity, and transparency from the ground up. PocketOption is some of the most responsive customer support around.
Transparency
The transparent nature of Pocket Option also makes this the best choice for traders looking to be treated fairly in every transaction.
Customer service
This broker offers superior customer service 24/7, which is ideal for traders around the world who want to trade at any time.
Bonuses
Pocket Option is also known for offering exceptional bonuses with its trading platform. This includes a $50,000 welcome bonus when you sign up today and make your initial deposit, which is more than most other Binary options trading app.
- Maximum Profit: 96%
- Min. Deposit: $5
- Min. Trade: $1
- Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs
- Platform: Web, Android, iOS, and Windows
3. Quotex
Quotex is a binary options trading platform with a fast, responsive, and user-friendly design with no geographic restrictions. It offers charting and indicators tools and motivating payout!
Awesomo Ltd, the parent company of Quotex, is based in Brighton and was founded in 2020. Quotex is a binary trading app that offers a wide range of tradable assets. This firm allows traders to take advantage of the market to trade a variety of assets such as Binary Options, Cryptocurrencies, Commodities, and Indices.
This includes stocks, chats, indices, and commodities. The commodity includes gold, silver, oil, and cocoa. quotex also offers a whole list of forex pairs. What makes quotex stand out from other providers is their offering of different types of trades. In addition to a fixed expiry time and a digital option, quotex also has a ‘cancel anytime’ trading option.
With over 4 million traders worldwide and more than 100,000 transactions each day, this broker is expanding in numbers! Traders from 249 nations are welcome to use Quotex, which implies you may trade from anywhere in the world. This broker, however, is not available to individuals under the age of 18. IFMRRC, the International Financial Market Relations Regulation Center, which is based in Seychelles and governed by Seychelles regulates Quotex.
Quotex binary trading app review
A few features that distinguish Quotex from others are:
- Quotex Trading Signals: A trading signal is a professional recommendation, not a direct order to buy or sell. Quotex provides the most high-quality trading signals for the instruments available.
- Exchange Form: This platform has a fantastic feature that allows traders to quickly exchange their primary currency for another with only a few clicks and no cost. This function has never been used by other brokers before!
Maximum profit
Quotex claims to offer over 20% profit if certain conditions are met. This includes the following: your broker must be quotex, you have a 100 USD bonus, you can deposit 1K USD, and have an active web account.
Minimum Deposit
The minimum deposit is 40$ or 50$. You can also choose between four different accounts which include platinum, gold, silver, and standard.
Quotex offers a wide range of expiry times from 5 minutes to monthly. In addition to fixed expiry times, quotex also provides a digital binary option that provides traders with an almost unlimited number of expiries per day. We have found that this allows traders to trade at their rhythm and time preference. The minimum trade amount is 1$ which means you can start with a very small bet.
Which languages are supported?
Quotex offers over 40 different languages. This includes the following: Arabic, Chinese (simplified), Chinese (Traditional), English, French, German, Hindi, Indonesian, Italiano, Japanese, Korean, Norwegian, Polish, Portuguese, Romanian, and more.
Platform
The web platform is available for all traders at quotex.com and it looks modern and easy to use. In addition, you can download the mobile app from the Google Play Store or iTunes. Quotex is a unique platform that offers traders the opportunity to trade shares while they are on the go. This app can be used on either iOS or Android devices.
Quotex review – Conclusion
Quotex has many aspects that deserve attention in our quotex review. The most impressive aspect is the number of assets available. This includes stocks, commodities, and currency pairs. In addition, they offer a mobile app that makes it easy to trade share while on the go. Their asset list is not limited- they also offer more complicated assets such as spreads and digital options.
Binomo
Binomo is a good binary trading platform for experienced traders but could be difficult for new traders to use without making a deposit and learning more about the markets first.
Demo Account
On Binomo, demo accounts are entirely free. It does offer a demo with $1,000 in virtual funds however if you would like to give their platform a try before committing any real money. You will have $1000 when you create your account, but it can be restocked at any time by simply clicking a button.
Traders also have unrestricted access to virtual money, in addition to being completely free for individuals. The free demo account allows you to become comfortable with the platform and test out different strategies without losing any real money. The provided knowledge should help you figure out if Binomo is the right trading platform for you.
You should also learn more about the markets and trading before making a deposit. The demo account is a great way to test out your strategies without losing any real money.
The platform supports a demo account with $1,000 in virtual funds so you can try it out before committing any real money. Most binary trading platforms offer a free demo account however the virtual funds in this demo are limited to $1000 compared to other brokers that offer more simulated funds with no deposit required.
Platform
The platform has all the required tools to trade different types of assets. There’s a good number of assets you can trade like forex, indices, stocks, and cryptocurrencies. You can also put up some serious money on the line if you want to. The minimum deposit for standard accounts is $200 while there are no limits to how much you can invest in VIP accounts. The platform is easy to use and has all the tools you need to be successful.
Minimum deposit amount
Binomo has low minimums compared to other brokers as the minimum deposit is only $10 and the minimum trade size is just $1. While their minimum deposit is only $10, on standard accounts, this may still discourage new traders who are not willing to risk $10 to learn. Overall, this platform is good for experienced traders looking to trade different assets. They have payouts of up to 90% which are better than most binary trading platforms.
Tradable assets
Stocks, Commodities, Indices, and Currency Pairs which are assets offered on Binomo are a little more limited than some of the major binary trading platforms which may be a downside for new traders without much experience. However, experienced traders will find everything they need on this platform. They do have all the basic assets needed to trade different types of assets.
Summary
Binomo is a good choice for experienced traders with low deposits. The lack of free funds may make it difficult for new traders to trade without making a deposit. Still, the platform has everything you need to trade different assets. It’s a good idea to read our Binomo review before signing up and make sure it’s the best fit for your trading style.
Expert Option
Expert Option is a terrific option if you’re searching for a high payout and a solid trading platform. The platform is quick, easy to use, and secure. The team behind Expert Option has worked diligently to create a trading software that makes binary options more accessible to the public. They’ve accomplished this by providing access via mobile device as well as an intuitive web-based interface. Overall it provides the perfect platform for the newbie trader, with many features that are sure to keep the experienced trader happy as well.
Expert Option is usually not expressed as an investment company, but rather a trading platform that sells strategies. A lot of traders are already successful just by following the signals sent to their email inbox or mobile phone. These are free to receive and they can open trades on your behalf if you have permitted them. Therefore, only the profits would be withdrawn from your account. If the signals suggest closing the trade, then you can do so yourself or just take your chances and let them manage it. However, if you don’t want to bother with market analysis ExpertOption offers expert advisors that can be programmed according to your risk profile.
Deposit and withdrawal
Expert Option binary Options broker makes it easy to make a deposit, all you need is a Master or Visa debit card and your account information (username and password).
If you live in the USA, Canada, Australia, Singapore, or Malaysia, they accept Credit/debit cards: Cash wire transfer: Maestro: Solo: MasterCard: Visa card.
Withdrawal requests are processed on the same business day if they were placed before 3 pm GMT+2. If you deposit on Tuesdays or Wednesdays your withdrawal requests will be processed first thing Wednesday morning. If you deposit on a Monday or a Thursday, your withdrawal requests will be processed first thing on the following Wednesday morning. If you make a deposit any other day of the week, your withdrawal request will be processed the next Wednesday morning.
Withdrawal
You can receive funds directly into your bank account or to your credit/debit card through the wire transfer option. They offer this service for all countries except for United States, Singapore, Canada, and Australia. The withdrawal period is 3-4 business days, and they use the same reliable service as for deposits.
Now you can deposit and withdraw funds from your ExpertOption account using Bitcoin. Choose between two types of wallets, a single wallet or a multi-currency wallet. The withdrawal takes no more than 1 hour after receiving your request, which makes it the most convenient payment method.
Maximum return
ExpertOption is a premier binary options trading platform that is well known for offering some of the highest returns in the industry, as much as 85%. It provides traders with all the tools they need to be successful, including powerful expiry times of up to 60 seconds.
Languages
The trading platform is available in English, German, French, Spanish and Arabic languages.
- Min. Deposit: $10
- Max. Deposit: $1000
- Minimum Trade Amount: $1.
- Assets: Stocks, Commodities, Crypto, and Forex
Summary
ExpertOption has long-standing experience in the industry and is one of our preferred brokers. If you are looking to get started trading binary options with a reputable company, ExpertOption
is an excellent choice! They accept traders from all over the world and offer many different deposit methods. Also, you can join with currencies from various countries including SGD, USD, GBP, and EUR.
Which Binary trading app is the best?
Among the five binary apps we have reviewed here, the Pocket option is the best. Below are some of the reasons why we think they are the best:
Great trading experience
Pocket Option also provides customers with a trading experience that’s superior in almost every way to industry giants like BDSwiss and 24option. For instance, Pocket Option has much lower minimum deposit requirements ($250) and a much wider selection of assets to trade with ($50,000 worth of bonus).
Reputation
Pocket Option’s reputation is also as sterling as its trading platform. The broker was built on a foundation of honesty, integrity, and transparency from the ground up. PocketOption is some of the most responsive customer support around.
Transparency
The transparent nature of Pocket Option also makes this the best choice for traders looking to be treated fairly in every transaction.
Customer service
This broker offers superior customer service 24/7, which is ideal for traders around the world who want to trade at any time.
Bonuses
Pocket Option is also known for offering exceptional bonuses with its trading platform. This includes a $50,000 welcome bonus when you sign up today and make your initial deposit, which is more than most other Binary options trading app.
Best binary app for Mobile Trading: ExpertOption. Best for CFD Trading: IQ Option. Best Platform for Trading: Pocket Option. Binomo is the best platform for VIP traders. Binomo is a good site to use if you want to trade on your phone because it supports all types of trading platforms.
Factors to Look For in a Binary Options App
Mobile trading is becoming increasingly popular, and binary options software is quickly replacing traditional methods of accessing the market. Brokers have noticed, and regardless of which mobile OS you use (Android or iPhone), brokers are developing first-rate mobile trading programs that compete with those in the financial sector.
As a result, you will likely have no trouble finding the best mobile trading app among brokers’ offers. Do not waste too much time exploring all available options because you can find almost anything on Wikipedia anyway. Instead, consider the characteristics that are most important to you in a binary trading app for smartphones or tablets. The following are some of the options you might want to consider:
Diversity of trading instruments
This is very important if you are an experienced trader because it allows you to diversify risk by using different types of assets. The more instruments there are available for trading, the better. If one asset fails to meet your expectations on a certain day, you can compensate for the losses by earning profits on another asset.
Asset Class
A large number of assets to choose from is also important. Quality binary options brokers allow their clients to trade on more than 40 different assets. Among them are exchange rates, stocks, commodities, and indices, which together give you an accurate picture of the world financial markets. In addition to the usual assets, there are also binary options based on weather conditions or even sports results.
The trading process must be easy and intuitive
If you have been trading for a while, the iPhone version of your broker’s app will be able to satisfy all your needs without any problems. If you are a beginner or you are planning to use the app for trading regularly, make sure that it comes with several useful features. For example, there should be at least one demo account available to acquaint you with all of the nuances of binary options trading before risking your real money. It is also worth making sure that you can trade on any device connected to the Internet.
The option to use trading tools
Each financial product comes with its challenges, so it is very helpful if the app offers a variety of trading tools for managing positions and placing orders. Time limits are also useful to control the amount of time that you plan to hold each position open.
Ease of withdrawing money
Making a withdrawal is the final stage in the trading process when you finally transfer your profits to your bank account. Make sure that you can easily withdraw your funds at any time without too much hassle because this will make the entire experience more enjoyable.
A solution for Apple devices should be a top priority
Android is an open platform, so you can find any app on Google Play. There is no official Market app for Apple products, which means that it is more difficult to search for trading tools designed for iPhone and iPad. However, if the broker’s website has a special section devoted to mobile trading apps for iPhones and iPads, then you can easily find the software you are looking for.
Compatibility with other mobile devices
If you possess more than one device, it is better to look for a trading app that can be used on all of them. This eliminates the need to download separate programs designed for different operating systems and makes your life much easier. As long as your broker offers trading apps for smartphones and tablets, you should be all set.
Customer service responsiveness
If anything unexpected happens during trading, or if you need some advice on how to use the app, you can quickly contact your broker via live chat or phone. Keep in mind that although most brokers offer an outstanding customer service experience, some still have room for improvement.
Demo mode
It is a good idea to spend some time testing the app on the demo platform before you start trading with real money. You can try various trading options and see how they work in practice, which will give you an idea of what to expect when you place your first live order.
An intuitive platform
An intuitive platform is also an important feature, especially if you are not very experienced in binary options trading. This way, you will avoid overcomplicating the process with unnecessary functions. It is best to look for software that offers a good balance between ease of use and advanced features.
Low minimum deposit
You probably won’t be able to start trading with a small amount of money, but it is still important to make sure that the app has a low minimum threshold for depositing funds. This way, you will avoid paying unnecessary commissions and can get started right away.
No hidden fees
It is in your best interest to find an app that does not require you to pay any hidden fees on top of the commissions. This way, you will be able to see exactly how much money is in your account and how much you can trade with at all times.
High payout rates
Of course, the payout rate should always exceed 85-90% to make sure that you don’t lose more than you gain.
Low minimum trade size
You should be able to start trading with a very small amount of money to boost your chances of making a profit. Commissions can eat up a big chunk of your wins if they are not taken into account when placing the first trade.
Ability to place trades on indices, commodities, and stocks.
The best apps for trading are the ones that give you access to many different securities. It is useful if your broker can provide you with access to all financial assets traded on international exchanges because this increases your chances of making a profit.
Support for different languages
If you are not fluent in English, it may be a good idea to opt for an app that can be used in your native language. This will make the entire trading process much easier because you won’t have to struggle with complicated menus and buttons.
Safety and Security
Brokers need to keep your account safe, so make sure you only sign-up with brokers who are authorized, regulated, and licensed. Doing this will give you peace of mind that your cash is being looked after in the right way.
Check out their policy on protecting your personal information too – what information do they collect? How is it stored? How is it used? What do they do with the information if they stop trading? Make sure you’re happy with their answers and that they cover all your concerns. If you’re concerned about security, look for an app with 2-factor authentication (2FA). This additional feature works by requiring all users to authenticate themselves on any device they use before gaining access to the platform.
Convenient Deposit Methods
While some brokers provide a desktop-based trading platform, most offer their service via an app on your smartphone. That means you want to be able to download the software quickly and securely from Google Play or the App Store onto your phone or tablet. You will also need a fast and hassle-free way of depositing funds into your account. When you’re on the go, you want to be able to quickly and conveniently deposit a certain amount of cash into your account.
Ease of Use
As a mobile trading app user, ease of use is crucial. Look for a platform that has been designed with simplicity in mind from the ground up, as all those trading buttons simply won’t fit on a small mobile screen. It’s all about convenience, so find an app that lets you set up the layout to suit you, with easy access to key information and tools.
Scope of Markets Traded
If you want to trade something specific, make sure the mobile trading app caters to it.
Advantages of binary trading app
Trade on the go
A desktop website is ideal, but a mobile app beats it by a long shot. Your smartphone allows you to access your options account at any time of day or night. You may use the app even if you’re on the subway or taking a lunch break because it offers complete accessibility. Serious traders who are aware of market developments and news would benefit from this. A potential trade may occur in seconds if you have the mobile app in your pocket. While a website has several of these benefits, it lacks on-demand access, which is required for timely transactions.
Fast and Easy Access to Markets
Widget-based applications are the most common type of trading software. These extra features allow you to learn about recent market trends in a matter of seconds. You may quickly discover if one of your trades is at risk or if there’s a potential for significant gains without having to open the program by using widgets on your phone’s home screen. This is especially helpful for busy people who may not have time to check on their investments as often as they would like.
A Secure Trading Platform
After it has been created, the mobile app is automatically updated with recent changes and innovations from the developers. In general, trading platforms undergo constant modifications due to emerging threats and security risks. Since these updates are released automatically, you don’t have to waste time on them.
When it comes to trading mobile apps, ease of use always trumps functionality. Therefore, any platform that promises more than two or three features can be overwhelming for many traders. If you need more communication options and advanced charting tools, consider installing the desktop version on your personal computer.
Charting Tools Available on Mobile Apps
Some popular trading platforms offer a substantial number of charting tools to assist you with your decision-making process. These can provide you with a more insightful way of analyzing market data and uncovering additional investment opportunities as a result. In addition, they allow you to create alerts for certain stock prices so you can trade more effectively.
The mobile trading app does have its limitations, however. For example, tablet users may not be able to view charts in high detail due to the resolution of their screens. If this is the case, you should consider installing the desktop version of your preferred trading platform.
Push Notifications and Alerts
Mobile apps for trading include push notifications and alerts. As soon as an event occurs, you will receive a message letting you know about it. For example, if there’s a potential threat to one of your investments, the app will inform you right away so quick action can be taken.
These messages may also include important news that directly affects one or more trading instruments. If you’re not around your phone at the moment, don’t worry about missing out because the alerts will be waiting for you when you return. While many platforms have these capabilities, others may charge a fee to use them.
The convenience of a Mobile App
The convenience of a mobile app far outweighs that of a website. No matter where you are, your smartphone gives you access to your options account at all times. Even while you’re on the subway or taking a lunch break, you can still trade with the app. A desktop website has many benefits, but it lacks on-demand access, which is required for timely transactions.
Widget-based applications are common types of trading software that allow you to learn about recent market trends within seconds. This can be helpful for busy people who may not have time to check on their investments as often as they would like. Trading platforms undergo constant modifications due to emerging threats and security risks, which updates are released automatically on mobile apps, saving you time.
Some popular trading platforms offer a substantial number of charting tools to assist you with your decision-making process. These may provide additional insight in analyzing market data and uncovering investment opportunities. Push notifications/alerts allow for quick action when an event occurs.
Disadvantages of binary trading app
A mobile app has some limitations. For example, tablet users may not be able to view charts in high detail due to the resolution of their screens. If this is the case, you should consider installing the desktop version of your preferred trading platform.
There are no drawbacks to using the app if the technological conditions are appropriate. It’s tough to read everything on a tiny cell phone display.
Some popular trading platforms offer additional features that can be overwhelming for many traders. Additional communication tools and advanced charting tools may provide a more insightful way of analyzing market data, uncovering investment opportunities in the process. However, these capabilities may come with a fee attached.
Additional Functions Available on Desktop Programs
Some binary options trading platforms offer additional features on their desktop programs that aren’t available on mobile apps. These enable more experienced traders to enjoy larger returns by using advanced strategies, such as hedging and short selling.
Do I Need an App?
It all depends on how you want to trade. If your activity is limited to a computer, a mobile app will not be a major priority. If you wish to do the majority of your trading on the go, however, you’ll want to stick with a broker who can provide a user experience (“UX”) that reflects this.
Conclusion
A desktop website is excellent, but it’s no match for the convenience of a mobile app. Your smartphone gives you access to your options account anywhere, anytime. Even if you’re on the subway or taking a lunch break, you can still trade with the app. This unparalleled accessibility favors both convenience and potency, making it the ideal trading tool.
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