Mobile trading is growing in popularity and binary options applications are quickly becoming the preferred access point for active investors. Brokers have taken notice and no matter which mobile OS you prefer – Android or iPhone – brokers are developing high-quality mobile trading applications that rival others in the financial space.
Smart brokers have long realized that when traders log into their accounts, more likely than not, it’s via mobile. If you’re among the many people who trade using their smartphone or tablet, it’s worth looking for a platform designed for that – which means focusing your attention on the best mobile trading apps out there. So what should you look for in a dedicated mobile binary trading tool?
Best App for Binary Trading in Malaysia
Do I Need an App?
It all depends on how you prefer to trade. If your activities are limited to your desktop, then clearly, mobile apps will not be a priority. However, if you intend to do most of your trading on the go then ideally you want a broker that can offer a user experience (“UX”) that reflects this. How this UX is delivered is really a matter for the individual brokerage firm and its tech people. And yes, it is certainly possible for a broker to require you to access its platform through your regular mobile web browser (ie without an app). It’s just that the experience you get from this type of setup can be less than ideal. In the worst cases, you may actually find that you’re accessing little more than a ‘slippery’ version of what you’d see on your laptop, making your overall experience using the platform slow, awkward and confusing. Increasingly, the way brokers get around this is by offering mobile users a dedicated app. From your point of view, this couldn’t be simpler; with the best binary app, you download a handy little widget and you get instant access to your platform of choice and your account via an icon on your device’s menu. The entire experience – from accessing trading data through making transactions should be simple, secure, and “mobile friendly”. you download a handy little widget and you get instant access to your platform of choice and your account via an icon on your device’s menu. The entire experience – from accessing trading data through making transactions should be simple, secure, and “mobile friendly”. you download a handy little widget and you get instant access to your platform of choice and your account via an icon on your device’s menu. The entire experience – from accessing trading data through making transactions should be simple, secure, and “mobile friendly”. you download a handy little widget and you get instant access to your platform of choice and your account via an icon on your device’s menu. The entire experience – from accessing trading data through making transactions should be simple, secure, and “mobile friendly”. you download a handy little widget and you get instant access to your platform of choice and your account via an icon on your device’s menu. The entire experience – from accessing trading data through making transactions should be simple, secure, and “mobile friendly”.
App Reviews
In many areas of our daily lives, many of us are used to heading straight to the Apple Store or Google Play Store to find the mobile device we are looking for. After all, these are the gatekeepers of the iOS and Android worlds, and if a piece of software has earned a well-deserved star rating in the store, it can be a useful indicator of trust. But of course, when it comes to binaries, you don’t just choose a simple widget to use; you decide on which platform to do your trading activities. So really, ” How good is this mobile app ?” Is a secondary (albeit important) issue. Before you commit any time and money, there is an important question to ask beforehand: ” Is this the right trading platform for me? “. To answer that, it’s important to look at how the platform measures up against the benchmarks that really matter:
- Payment
- List of assets
- Trade type
- Rules
- Speed and ease of use
In this key area, it is important to be able to evaluate trading platforms on their own merits and in the context of what else is available on the market. As part of this process, it’s definitely worth looking closely at what mobile trading experience the company has to offer. But don’t make this your be all and end all decision on whether to go with a particular broker.
Comparing Binary Trading Apps
The best binary options apps allow you to access all (or almost all) the functions you would get on your desktop but in a way that is adapted to the capabilities of your mobile device. Most will have specific versions written for android, iOS and Windows – exploiting the benefits of each platform. With this in mind, here are some specific features to look for in a great trading app…
Demo Account
All brokers will tell you that their platform is designed to be “user friendly” – but it’s hard to tell how these claims stack up from screenshots alone. A binary trading application with a demo account can be a great way to put it to the test. At the very least, you should be able to access it without providing any bank card details (and ideally, without your email address or personal information). IQ Option m provides this functionality with its mobile app.
A Practice App
A good demo account application also performs other useful roles; it works as a practice app – basically allowing you to tinker with it and execute some dummy trades on the go.
Free Training Resources
Another useful way for newcomers to familiarize themselves with what is involved; just use your phone to access videos and other resources when you get a free moment.
Instant Account Access and Usability
You should be able to seamlessly transition from desktop to mobile and track your trading activity as a whole. Understanding asset graph patterns should be an intuitive process, and you should be able to perform tasks like entering positions and executing repeat trades as easily on mobile as anywhere else. Account management (deposits and withdrawals etc) is sometimes neglected on poor applications. The best apps will offer full account management.
Instant alerts and News
This is an area where mobile really comes into its own – and perhaps one of the main reasons why trading is moving away from the desktop. The top binary options apps tend to have news and data alert functions, so you are notified immediately of changes to market conditions. You can access your account instantly and tweak your trades accordingly. For example, Banc De Binary has graphs and live updates from Reuters. So which individual platform provides the best mobile experience? Check out our independent reviews to hone in on the best broker app for you.