Mobile trading is increasingly popular and binary options apps are quickly becoming the preferred access point for active investors. Brokers have taken notice and regardless of which mobile OS you prefer – Android or iPhone – brokers are developing top quality mobile trading applications that rival others in the financial space.
Smart brokers have long since realised that when traders log on to their accounts, then 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 that’s designed for precisely that – which means focusing your attention on the best mobile trading apps out there.
There are countless apps for binary options trading out there. In fact, almost every binary options broker offers a mobile app listed on either the Google Play Store for Android devices or the App Store for iOS gadgets.
But not all are worth using; you should look out for some things before you pick an app
One useful way for newcomers to familiarise themselves with what’s involved with a broker is through th educational resources that it provides. As such any good broker should include these in its mobile app for traders to access 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. 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. The top binary options apps tend to feature news and data alerts functions, so you are instantly informed of changes to market conditions. You can then access your account instantly and tweak your trades accordingly.
This goes without saying. Every broker’s app must come with a free demo account.
All brokers will tell you that their platforms are designed to be “user friendly” – but it’s hard to tell how well these claims stack up from screenshots alone. A binary trading app with a demo account can be a great way of putting it to the test. At the very least, you ought to be able to access this without providing any bank card details; and probably without even having to submit your email address or any other personal details.
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