Best binary option trading app
Mobile trading is increasingly popular and binary options apps are quickly becoming the preferred access point for active investors.
So what should you be looking for in a dedicated mobile binary trading tool? It all depends on how you prefer to trade. How this UX is delivered is really a matter for an individual brokerage company and its tech guys.
So increasingly, the way brokers get around this is by offering its mobile users a dedicated app. After all, these are the gatekeepers of the iOS and Android worlds, and if a piece of software has earned a decent star-rating on the store, it can be a useful trust indicator. Most will have versions specifically written for android, iOS and Windows — exploiting the benefits of each platform.
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. So which individual platforms provide the best mobile experience?
A Practice 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. 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. Brokers are well aware that traders want, and need, to trade anywhere, at anytime.
The applications have been developed across every platform and device as demand for mobile trading grows — but the quality of the applications on offer does vary. Some brokers have clearly spent a great deal of time, money and effort into developing a feature rich and intuitive application. One which not only allows trading via clear, easy to use screens — but also gives users the ability to maintain their account or even research future trades.
Some have even made sure their applications are optimised for particular devices, or operating systems — making full use of technologies only available to certain makes and models. While each mobile application is included in our full in-depth reviews , another way of judging the mobile trading facilities at each broker is to compare the user feedback each application has received — and see what existing users think of the mobile applications.
For our mobile app research, we have collated the user ratings awarded to the applications as quoted on the play store information pages — so our data is based on android users only. The information was gathered during October In addition to listing the current rating, we have also illustrated the number of reviews the application received. On pure ratings, the Anyoption app comes out well on top.
It is also interesting to note the ratings across the board — 3.