Top Binary Options Apps – Reviews of Mobile Trading

Best Binary Options Brokers: 2020 Ranking
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Apps and Mobile Trading

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. So what should you be looking for in a dedicated mobile binary trading tool?

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Do I Need an App?

It all depends on how you prefer to trade. If your activity is confined to your desktop, then clearly, a mobile app isn’t going to be a priority. If, though, you intend to do most of your trading on the go then ideally you want to be with a broker who can offer a user experience (“UX”) that reflects this. How this UX is delivered is really a matter for an individual brokerage company and its tech guys. And yes, it’s certainly possible for a broker to require you to access its platform via your standard mobile web browser (i.e. without an app). It’s just that the experience you’ll get from this type of setup could be less than ideal. In the worst cases, you could in fact, find that you are accessing little more than a ‘squashed’ version of what you’d be looking at on your laptop, causing your whole experience of using the platform to be needlessly slow, awkward and confusing. So increasingly, the way brokers get around this is by offering its mobile users a dedicated app. From your point of view, this couldn’t be easier; with the very best binary apps, you download a handy little widget and you get instant access to your chosen platform and your account via an icon on your device menu. The whole experience – from accessing trading data through to making transactions should be simple, safe, and “mobile friendly”.

App Reviews

In lots of areas of everyday life, many of us are used to heading straight to the Apple Store or Google Play Store to find the mobile tools we’re looking for. 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. But of course, when it comes to binaries, you’re not just choosing a simple widget to use; you’re deciding on which platform to commit your trading activity to. So really, “How good is this mobile app?” is a secondary issue (albeit an important one). Before you commit any time and money to it, there’s a crucial question to ask before this: “Is this the right trading platform for me?”. To answer this, it’s important to see how the platform measures up according to the benchmarks that really matter:

  • Payouts
  • Asset lists
  • Trade types
  • Regulation
  • Speed and ease of use

In these key areas, it’s vital to be able to assess trading platforms on their own merits and in the context of what else is available in the marketplace. As part of this process, it’s certainly worth looking closely at what sort of mobile trading experience the company offers. But don’t make this the be all and end all of your decision on whether to go with a particular broker.

Comparing Binary Trading Apps

The best binary options apps allow you to access all (or virtually all) of the functions you’d get on your desktop but in a way that’s tailored to the capabilities of your mobile device. Most will have versions specifically written for android, iOS and Windows – exploiting the benefits of each platform. With this in mind, here are some of the specific features worth looking for in a great trading app…

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 ideally, without your email address or other personal info). IQ option provides this functionality with its mobile app.

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.

Free Training Resources

Another useful way for newcomers to familiarise themselves with what’s involved; simply use your phone to access videos and other resources whenever you get a free moment.

Instant Account Access and Usability

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.

Instant Alerts and News

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. As an example, Banc De Binary features live graphs and updates from Reuters. So which individual platforms provide the best mobile experience? Take a look at our independent reviews to hone in on the best broker apps for you.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Apps – Binary Trading on Mobile Devices

If you want to trade at any time and any location you need a binary options app on your mobile phone or tablet. When trading in very short term expiration periods, being able to make the trade at the right time is paramount. Brokers recognise this, and of course, they want their clients to be able to trade wherever, and whenever they choose to. So trading via a mobile app is a key offering for most binary options brokerages.

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How to Trade with Apps

Most mobile applications provide a full range of trading options. So the majority of markets and expiry time scales will be available. Binary options brokers have also tried to ensure that the trading platforms remain simple and easy to use on mobile devices, just as they are online. Many firms offer ‘one touch’ trading which can work just as easily on a mobile device. This means trading anytime, anywhere is a real possibility for busy traders. Assuming the relevant markets are open of course.

The leading brokers all provide mobile apps. They are generally available via the usual sources;

  • Google Play store for android devices
  • iTunes App store
  • Direct download from the broker website

The applications are free to clients. 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.

Potential Drawbacks

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.

What Do The Best Applications Provide?

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. Read our individual reviews to see in depth analysis of each broker’s app.

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.

Who Has the Highest Rated App?

…according to those users who have already downloaded it?

Almost every binary options broker now offers their trading platform via a mobile application. 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.

Other brokers have created applications with very little ambition in mind, almost treating any mobile trading offering as a “tick in the box”. 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 2020.

In addition to listing the current rating, we have also illustrated the number of reviews the application received. We have presented the “top 10” in graphical form (click on the image to enlarge it) – but the raw numbers are presented below. We based the top 10 on the number of reviews, rather than the rating, as a low number of reviews could skew the ratings, and would not be as reliable as a larger amount of feedback.

Which mobile application is “best”?

On pure ratings, the Anyoption app comes out well on top. A rating of 4.8 is a terrific endorsement from users. It is also interesting to note the ratings across the board – 3.8 is the lowest score, suggesting that all of the trading applications have been relatively well received.

IQ Option’s mobile app has received a huge number of reviews – almost 10 times the next largest. This possibly reflects the fact that the low minimum deposit requirements at IQ attract a large number of traders. Whatever the root cause, 20,000 reviews certainly provide a thorough spread of opinions, so their rating of 3.8 can be considered a very reliable reflection of the application.

Likewise, popular brands like 24Option and IG index also have well over 2,000 reviews each – again, more than enough to give their overall rating an air of reliability. At 4.0 and 3.9 respectively, both applications provide their large user base with a robust, functional application.

Some applications had not yet received enough reviews to give a robust user rating – we set our minimum at 150. We have however, included those applications in the table given below.

Here are the figures in full, listed in order of rating;

The Best Mobile Apps For Binary Options Trading

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 2020.

Table of Contents

The 7 Best Binary ​Option Apps For Mobile Trading 2020

Benefits of Using a Binary Trading App

While carrying your trading platform with you is a fantastic feature of binary options mobile apps, it isn’t the only one—or even the best. Mobile trading apps can improve your trading experience with features you can’t get on a web-based platform.

What should you be getting out of your mobile binary options trading platform? Let’s take a look.

Trade Binary Options Anywhere

When you have a ​trading app for your mobile device, you can take your trades wherever you go. Want to trade on the train on your way to work? Is your friend late for your coffee outing? Just want to look busy in public?

If you’ve got a mobile trading app, you can check on the market for your chosen assets anywhere you want. You don’t have to worry about missing a market trend and your shot at a high payout. When you’ve got access to the trading platform on your phone, you get a leg up on the competition, too. After all, not everyone uses mobile trading.

Faster and Easier Access to the Markets

On a web-based platform, you have to consider logging into the platform and navigating to the pages you need. With a mobile platform, you have your information and account on hand at all times. It’s your phone, so it’s—hopefully—always with you.

If you can access the markets fast and easily, you have a better chance of jumping on trends and knowing the direction of the market before other traders who only use web-based platforms. Plus, it’s more convenient.

You can often trade on mobile at the touch of a button, and all the information you need is available without having to open another tab or lose sight of the platform page.

Push Notifications and Alerts

You rarely get push notifications and alerts on web-based platforms. It’s not impossible, depending on the one you use and your operating system, but it’s much less common than receiving them on your phone.

Push notifications and alerts can let you know when the market takes a turn, when it’s heading in a specific direction, and how accurate your predictions are. In other words, if you have notifications enabled, you have a better chance of catching trends and making better predictions.

These notifications can help you hone your trading skills and improve over time. Better trading skills mean higher and more consistent payouts.

Simpler Interface for Beginners

Mobile platforms are excellent resources for both beginners and experienced traders. While experienced traders find them convenient and accessible, beginners may find mobile platforms easier to understand.

Binary options apps are often less complicated than their web-based counterparts. The information is all on one screen, and you can find it with a tap of your finger. Beginners may feel less overwhelmed when they’re learning the platforms and how to trade using different assets.

In addition to a different setup, some mobile apps have adjusted features when compared to the broker’s web platform. While the core elements are the same, the ​trading app may alter the features to make them more visually appealing or compatible with a smaller screen, thereby making the amount of information in one place more manageable for those who don’t yet understand it all.

Features to Look for in a Binary Options ​App

When you’re looking for a binary options mobile trading app, the benefits depend on the features. All brokers offer different features, so before you sign up with one, know what you’ll get with both the mobile and web-based platforms.

We mentioned earlier that sometimes the features differ between platforms, and some brokers offer less on their mobile ​platforms than they do on the web. When choosing a broker, make sure they have the following features at a minimum:

Variety of Assets to Trade

This feature goes for both the mobile app and web-based platform for any broker. You also want to make sure you have access to all the same assets on mobile that you would on the web.

When you have more assets available, you have more opportunities for trades and payouts. Some brokers have over 500 assets available for trading while others have 60. It’s no secret that the one with 500 will give you more chances to trade in more areas.

When you’re looking ​for the best ​binary options app, you want to make sure the broker has assets like:

  • Stocks
  • Indices
  • Forex
  • Cryptocurrencies
  • Commodities

The specific assets they offer will vary, but with these assets, you at least know they offer a diverse selection. Diverse assets allow you to explore different options while giving you the opportunity to stick with whichever one you like best.

Operating System Compatibility

What good is a ​binary trading app if you can’t use it? If a broker’s mobile app isn’t compatible with your phone, it doesn’t matter how many incredible features it has or how high-tech it is.

Before you ​choose a binary broker, make sure their mobile app works with your operating system. Most binary options mobile trading apps work for both Android or iOS, but you need to look a little deeper than that.

If you have an older phone, the mobile app may not support a system that old. Most apps will tell you which versions of your OS they support, and if yours is newer, you don’t need to worry. However, if you have an older version, you either need a different broker or a new phone.

Demo Account for Practicing

You want a demo account option, whether you’re trading on your phone or your desktop. However, having access to a demo account on mobile can help you get familiar with both trading in general and the various platforms the binary options broker offers.

You don’t want to have a demo account on the web platform alone, and then get confused when you try trading for real on mobile. A demo account is designed to let you make your major mistakes using virtual funds instead of real money.

If a ​binary options trading app doesn’t allow you to use that demo account, you may want to search for another broker, especially if you’re not already a confident binary options trader.

Safety and Security

Safety and security are arguably the most important features of a binary options trading platform, whether mobile or desktop. You want to know that when you deposit or withdraw funds, they go to the correct accounts.

Make sure before you sign up that the ​trading app is just as secure as the broker’s web platform, and that the two connect, so you’re using the same funds between platforms. If you see a binary options broker who’s had problems with their mobile app security, it’s best to find a different option.

Final Thoughts

Binary options mobile apps differ between brokers, and you’ll find different features with all of them. Before you sign up with one, know what each offers and what’s important to you.

If you want asset variety above all else, know what that broker has available on mobile. Likewise, know your trading level and what you want out of the app, whether it’s convenience, learning experience, or better access to your chosen market. Shop around for different brokers, see what other users say about them, and remember to look for features that suit your mobile binary options trading needs.

Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.

Welcome To Our Site!

My name is Robert Wolfe and I’m an online trader with over 7 years of experience trading financial instruments such as binary options, CFDs, forex, and stocks. I created this website to share my knowledge of the industry so you can avoid the same mistakes I’ve made.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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