Best binary trading app
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.
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. 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. 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.
You ought to be able to shift seamlessly from desktop to mobile and keep track of your trading activity in its entirety. Making sense of asset graph patterns should be an intuitive process, and you ought to be able to carry out tasks such as entering a position and executing a repeat trade just as easily on mobile as elsewhere. Account management deposits and withdrawals etc are sometimes overlooked on the weaker apps. The best applications will offer full account management. This is the area where mobile really comes into its own — and is perhaps one of the key reasons why trading is moving away from desktops.
You can then access your account instantly and tweak your trades accordingly. As an example, Banc De Binary features live graphs and updates from Reuters. Most will have versions specifically written for android, iOS and Windows — exploiting the benefits of each platform. At the very least, you ought to be able to access this without providing any bank card details and ideally, without your email address or other personal info. IQ option provides this functionality with its mobile app.
A decent demo account app also performs another useful role; it doubles as a practice app — essentially allowing you to get to grips with it and execute some dummy trades while on the go. You ought to be able to shift seamlessly from desktop to mobile and keep track of your trading activity in its entirety. Making sense of asset graph patterns should be an intuitive process, and you ought to be able to carry out tasks such as entering a position and executing a repeat trade just as easily on mobile as elsewhere.
Account management deposits and withdrawals etc are sometimes overlooked on the weaker apps.