Best five Binary Options mobile apps for trading on the go.
Trading on the go using mobile phones has become an increasingly popular way to make money. It’s no surprise that most brokers in the market have launched mobile apps in recent years to make things easy for traders.
Intelligent traders realize that a time-sensitive opportunity may show itself at any time. Having access to your trading account when you’re not at the terminal can sometimes make you a lot of money.
But what are some other benefits of using mobile trading apps? More importantly, what makes a mobile trading app better than the others?
To make trading binary options on the move easier for you, we’ve answered those questions and shortlisted the five best binary trading apps in this post.
Advantages of using a Binary Options mobile trading app:
Trade at any time from anywhere Notifications Fast and easy access Convenience.
1. Trade at any time from anywhere.
The first and most apparent advantage of using a mobile trading app is that you can place trades from anywhere at any time. While having a desktop as your primary trading device can make research and technical analysis easier, you can’t take your desktop with you everywhere.
Your smartphone or tablet, on the other hand, can come with you wherever you go. If you’re on the train back home or having a meal, with the right app installed on your phone, you can make a profitable trade in a matter of seconds.
The accessibility an app provides you with is unparalleled.
2. Notifications.
Staying in the loop takes less effort with the right trading app installed on your phone. Most brokers enable you to receive customized notifications depending on what markets and assets you’re most interested in.
Alerts for economic events.
The updates you get from the app feel like a natural extension of your trading experience. And as soon as you receive the up-to-the-minute news, you can place a trade from the app in a few seconds. Traders can also set the app to alert them, warn them about risks, update them about limited-period offers, and provide portfolio updates.
With the right trading app, you don’t have to worry about constantly monitoring the market. If there are any relevant movements to your trading interests, you will know right away.
3. Fast and easy access.
Most trading applications come with widgets that you can put right on your phone’s home screen. These add-on features enable you to learn about the latest market movements in seconds. You can instantly learn if one of your trades is at risk or if there’s an opportunity for large profits without needing to open the app.
Placing a widget on your phone’s home screen is just as easy as reading it. All you have to do is install the app and widget from the Google Play Store or App Store and drop it on your home screen.
4. Convenience.
Trading using a website has been considered the gold standard of Binary Options trading for a long time. The reasons behind this are obvious – finding the statistics and studying them is a lot easier with a bigger screen and enhanced access to information.
But now, developers have simplified mobile trading applications, enabling you to get the same amount of information as you would on the desktop. You can make informed trades without any compromise.
Also, if you’re a new trader, using the web app or the desktop application can feel intimidating. Mobile app interfaces are easier to navigate and can make it a lot easier for you to overcome the learning curve.
1. IQ Option.
The broker officially launched its website in 2013. On the strength of its user-friendly proprietary platform and impressive mobile application, it quickly became a household name for traders wanting to trade binary options.
The website and the application are available in 13 languages, and the team behind the company continually adds more and more features and languages to the platform.
One other reason for IQ Option’s popularity is that the broker offers some of the highest payouts of all brokers. If you’re looking for a broker that strikes the right balance between features and ease of use, you cannot go wrong with IQ Option.
Here’s a quick overview of the features of its mobile application:
Mobile app overview:
The IQ Option mobile app has been rated the #1 trading app on both the Google and Apple application stores on several occasions. At one point, IQ Option was the #1 trading app in 28 countries at the same time.
One of the big reasons for its high popularity is the simplistic yet visually appealing interface. You will never have any trouble looking for a setting or feature, and since the app doesn’t require much data to run, you will be able to trade even in areas with low reception.
The app is designed to provide traders with all of the same information as the website they usually visit on their desktops. All the information and the buttons have been laid out in a mobile-friendly way. You will never accidentally touch one button when you meant to press the other.
You can install the application directly from the Google Play Store and App Store. You can also visit the IQ Option website to find a link for installing the application.
One of the best things about the IQ Option app is that it mirrors the website’s design. The developers have not cut any corners in terms of functionality and design. The consistency in the interfaces makes signing up with the broker that much more alluring.
With the mobile application, you can trade over 300 assets. These include currencies, indices, stocks, and commodities. The app also provides traders with negative balance protection and allows traders to auto-close their positions.
Forex Commodities Stocks Cryptocurrencies.
You can trade Binary Options on some of the most popular stocks, such as Facebook, Tesla, Amazon, and many more. Announcements and corporate news about these stocks and other commodities are available right on the app.
If you’re a new trader, you will find the free demo account you get access to extremely helpful. You can use the $10,000 in the demo account to learn the interface and try new strategies. The app enables you to switch between your real and demo account in seconds.
You can start trading on the app by depositing as little as $10 to your account. The minimum trading account is just $1, meaning you can make a large number of trades regardless of how much you deposit.
Minimum deposit is $ 10 Minimum trade amount is $ 1 The yield can be up to 100%+
Traders can contact the customer support team with the app at any time. Support is available in 19 languages via live chat and toll-free phone calls. Traders also have an array of deposit methods available, enabling them to start trading in a matter of minutes.
Trading beginners can learn about binary options trading from video tutorials and blog posts accessible through the app.
The IQ Option app will notify you about the latest market movements, and the smooth application ensures that your trade is placed when you need it placed – not a few seconds after.
The several awards the application has won only testify to the app’s quality and ease of use.
(Risk warning: 71% of retail investor accounts lose money when trading CFDs with this provider.)
2. Pocket Option.
Registered in the Marshall Islands in 2017, Pocket Option is one of the industry’s newest brokers. 2017 was a big year for Binary Options trading, and the industry was fast getting crowded with more and more brokers.
Pocket Option’s IFMRRC regulation set it apart in a competitive market and made it a trustworthy option. The broker offers conceivably one of the best demo accounts in the industry. You can get access to it in a matter of seconds.
With Pocket Option, you can trade over 100 of the best assets across markets. You will never face a shortage of opportunities to make profits.
The minimum trade value is $ 1; however, you will need to deposit at least $ 50 to begin trading on the platform. While the minimum deposit isn’t the lowest, it is one of the lowest in the industry.
Here are some reasons why you should consider using the Pocket Option app for trading Binary Options.
Mobile app overview.
Pocket Option has an application available for Android, iOS, and also Windows devices. All three versions of the software are stable and visually appealing – you won’t have any trouble placing trades and making profits.
One of the most impressive things about Pocket Option is that it is one of the fastest-growing brokers of 2017-19. The app will give you access to over 150 assets, and you can trade binaries on everything from currency pairs and commodities to cryptocurrencies.
The app gives users access to training materials, which can be incredibly beneficial to new traders. All traders can leverage the daily analysis and trading signals and make profits. The app also gives access to indicators and strategies that use the indicators.
The free demo account can be accessed from the application. Making investments with the play money will help you improve your trading skills without needing to risk capital.
The Pocket Option app gives you the opportunity to make a 96% profit on your investment in a matter of minutes. The best part? You may not even need to place the trade yourself – you can simply use the social trading features and copy the trades that pro traders make.
The achievement system will occasionally give you deposit bonuses, cash backs, and more benefits. Transferring funds to and from your trading account is fast, convenient, and can be done in many ways.
All users can reach out to the customer support team at any time from the application. Furthermore, Pocket Option gives you access to markets seven days a week, meaning you can also trade on the weekends if you wanted to.
While Pocket Option has a dedicated application for Android and iOS devices, its website is also optimized well for mobile devices. If you learn of a potentially profitable trading opportunity when you’re out and about and don’t have the application installed, you can visit the website from your phone.
The mobile version of the website only needs you to navigate through one page before you can access the trading platform. The website works perfectly on phones whether you use it in portrait or landscape mode, and neither the design nor the ease of use of the website is compromised on the mobile version.
Free demo account Minimum deposit of $ 50 Minimum trade amount $ 1 Free download High yield up to 96% OTC trading on the weekend.
(Risk warning: Your capital can be at risk)
3. Expert Option.
Expert Option was established in 2015, making it a relatively new broker. But it’s trustworthy nonetheless since it is based in St. Vincent and regulated by the Center for Regulation of Financial Market Relations.
The broker’s late entry into the market allowed them to avoid making the mistakes that other brokers made. Expert Option is accessible in most countries, and the website is available in a vast array of languages. If you’re in Europe, UK, India, Singapore, or Australia, this is one of the best brokers you could do business with.
The proprietary platform boasts an intuitive design, and both inexperienced and expert traders will find it just as easy to use.
The $10,000 demo account and the education center are two other benefits the broker provides to traders besides the easy-to-use application.
Mobile app overview.
Getting the application on your phone is easy. If you navigate to the Expert Option website from your phone, you will be greeted by a webpage with links to the app on the Google Play Store and App Store.
The webpage will also offer you the option to continue to the website on your phone. If you ever find yourself in need of making a trade when you’re out and about, and you don’t have the app installed on your phone or tablet, the website can be extremely helpful.
One of the best things about the Expert Option application is that you can trade without paying a single cent. The zero-percent commission policy enables you to make a diverse portfolio without incurring any costs. The Expert Option app gives you access to over 100 digital assets. The platform is used by over 55 million traders worldwide and gives them access to stocks like Apple and Facebook and assets like gold and oil.
Forex Commodities Cryptocurrencies Stocks.
Traders can deposit and withdraw funds from their Expert Option account seamlessly, and since Visa or Mastercard verifies all the payments, all the transactions are encrypted.
Every user can join the company’s massive trading community. Besides connecting and engaging with other like-minded people, you can also share strategies and improve yours by discussing them with others.
The Expert Option platform was recognized by the China Trading Expo for its top-notch social trading features. You can copy what other traders are doing and make profits.
Every user gets access to a demo account with $10,000. You can use the virtual portfolio to get a feel for the app and also improve your trading skills by making risk-free trades.
But perhaps what’s more impressive is that the app gives you access to powerful trading tools. Viewing the company’s market research, performing technical analysis, and checking out asset volumes is easy.
You can also tailor your own strategy with all the information you gain and spot trends before anyone else does.
The broker understands that the security and privacy of users are critical to their experience with them. The platform is regulated by the Financial Services Authority of SVG, which is what gives Expert Option’s 55 million+ users peace of mind. Furthermore, the transactions are verified by Visa and Mastercard, and the company adheres to strict stands to ensure your data and funds are safe.
Free download Free $ 10,000 demo account $ 50 minimum deposit Minimum trade amount $ 10 Yield up to 90% Short-term trading only High security.
(Risk warning: Your capital can be at risk)
4. Olymp Trade.
Olymp Trade isn’t like other brokers – the company was founded back in 2014 and was originally a marketplace for fixed-time trades. However, they gradually enabled traders to make other types of trades, including binary options trades.
Besides its interesting and comparatively long history in the industry, the FinaCom certification makes the broker more trustworthy. Olymp Trade is, by all means, an international broker, enabling brokers from the world over to trade binary options.
The platform and the education center are available in 12 languages.
Over 30,000 traders use the platform on a daily basis, and the broker has an impressive monthly turnover of $171 million. Olymp Trade also won the “Best Trading Platform” award at the Le Fonti 2018. If reliability is what you look for in your broker, you cannot go wrong with Olymp Trade.
With over 70 different types of assets on offer, you can be sure that you can make money in any market using Olymp Trade. Stocks and commodities are only a start – you can also trade Binary Options on currency pairs, indices, and crypto.
Forex Commodities Cryptocurrencies Stocks Indices.
You can deposit as little as $ 10 to start your trading journey and make trades as small as $ 1.
Mobile app overview.
The application was awarded the “Best Mobile Trading Platform” award at the Global Brand Awards in 2019. At the same event, it also won the Best Customer Service Broker award.
When the company was first founded, it knew the importance of having a mobile app. It is one of the first companies to make a seamless and modern trading application for mobile platforms. The Olymp Trade app is available for both Android and iOS devices.
The moment you launch the app, you will realize how well-designed it is. It will give you access to over 100 assets, which you can analyze with the 30+ indicators available.
The interface is intuitive, and you will never have a problem finding these indicators and other analytical tools. You can trade stocks like Tesla and Google, metals, commodities like natural gas, and ETFs and currencies with the app when you’re on the move.
Another benefit that the application offers is it allows you to access the demo trading account. Every user gets access to 10,000 local currency units on the demo account, and trading with these units does not affect their real portfolio.
If you feel confident with your trading skill, you can switch to a live account in a matter of seconds and trade with real capital.
Regardless of if you’re a complete beginner or have been trading for a while, the free webinars, strategies, and analytics provided on the app will allow you to become a better trader.
The more you read and learn, the more your Experience Points on the app will increase. With higher experience points, you can unlock more and more content on the app and website. Every trader on the platform gets access to an exclusive status. You may be able to trade on special terms and consult a personal manager on your trades. The app also enables you to participate in the many contests that the company runs.
You can reach out to the customer support team quickly at any time. You can chat with the team live, email them, or even ring them to get help with the issue you’re facing promptly. Any issue you face shouldn’t take long to resolve.
But perhaps the most important thing about the app and the company is that they’re reliable. Over the company’s six years in the industry, it has won over a dozen awards and has won the trust of over 20 million people.
Free download $ 10 minimum deposit $ 1 minimum trade amount Forex and digital options Yield up to 90%+ Account types A good education for traders.
(Risk warning: Your capital can be at risk)
5. RaceOption.
RaceOption is a London-based company that was founded in 2014. It is one of the only brokers that allow US traders to trade binary options in addition to traders all over the world.
It boasts a very user-friendly website that makes trading binary options extremely easy. The platform makes over 150 assets available for trading, including currency pairs. You can trade assets in USD, EUR, GBP, and even in Russian Rubles.
One of the best things about the company is its focus on customer service. As soon as you land on the website, you will notice that the live chat box pops up and asks you if you need any assistance.
While RaceOption isn’t the oldest or most popular broker in the industry, it has been able to study market demand and deliver the features that traders need. You can deposit your funds using your PayPal account and withdraw your funds in under an hour.
Furthermore, the company offers bonuses and increased payouts, which makes it even more attractive to traders.
Mobile app overview.
You can download the RaceOption app on both Android and iOS devices and trade Binary Options when you’re on the move.
The well-designed application enables instant execution of trades. You can carefully look at live charts and gauge whether there’s a real opportunity to make money with an asset available on the platform.
The mobile app allows you to access your account with the same credentials as the web-based platform.
On the app, you can view your entire trading history, and if you’re ever confused about whether you want to make a trade, you can learn from past mistakes.
As a late entrant, the team behind RaceOption had to put in a lot of work to gain the market’s trust. And they did – while also making sure that they don’t make the same mistakes that other brokers that failed did.
The company knew what traders needed and supplied traders with an easy-to-use trading platform that allows trading binaries on a lot of assets. The website was easy to use on desktops and equally as fast and responsive on mobile phones.
(Risk warning: Your capital can be at risk)
What makes a Binary Options trading app good?
Finding a broker that meets your trading needs can be challenging. However, if you know that you’ll be trading on the move more, here are a few things you should look for in a trading app:
iOS compatibility Security Quick withdrawals Several tradable assets Demo account Easy deposits Bonus.
1. iOS compatibility.
You will come across brokers whose offerings seem like they’ll perfectly meet your needs. But it’s important to learn if the broker’s app is compatible with your phone before getting your hopes up. Android phones only run Android applications, and the same goes for phones running iOS. Thankfully, most Binary Options Brokers provide apps on both the application stores, giving their customers so much more trading flexibility.
As long as you have an iPhone, iPad, or any Android phone, chances are your preferred broker has their official app on the platform. You can install and start trading on the move right away.
2. Security.
You may have a lot of funds in your trading account. If you don’t know if the app you’re using is secure, you will never have any peace of mind when you trade from your phone.
Look for brokers whose applications are members of the Securities Investors Protection Corporation (SIPC). It is a not-for-profit organization that aids in protecting investor funds. You don’t need to worry about losing money to a hacker if the app comes under the SIPC.
You can also check whether the broker takes the necessary security measures to protect your money and identity. Two-step authentication, Transport Level Security measures, and encryption algorithms have become the most common security measures brokers take.
3. Quick withdrawals.
While the process of withdrawing your funds from your trading account will vary slightly from broker to broker, all of them have one thing in common: they’re quick. All you have to do to withdraw your money using most mobile trading apps is click on the withdraw button and enter the amount you want to withdraw.
Some apps transfer the amount in a few hours, but most require three to ten business days.
You must bear in mind that some brokers charge you a fee for withdrawing funds. You may also need to upload some documents – like a government-issued ID and your bank account information so you can withdraw your funds.
4. Several tradable assets.
A high number of tradable assets translates to a high number of profit opportunities. Furthermore, most brokers give you access to several types of Binary Options trades.
Besides up/down trades, you may be able to make profits by placing a one-touch or two-touch trade. Making boundary trades is also an increasingly popular way of making money with Binary Options.
Some brokers allow you to trade binaries on cryptocurrencies, stocks, commodities, and even on indices. The increased control over your portfolio helps with risk management.
(Risk warning: 71% of retail investor accounts lose money when trading CFDs with this provider.)
5. Demo account.
One of the most significant advantages of using a mobile application is that you get access to the demo account the broker provides you with. It’s no secret that practice and experience make a trader better – the more you’re exposed to a market, the higher the chances of making money.
Binary Options demo and real account.
While options may seem like a simple instrument, they are complex derivatives and pose a high risk to your capital.
The few thousand dollars in dummy money you get access to with your demo account allow you to trade and test out strategies without hurting your portfolio.
6. Easy deposits.
Most brokers that allow you to trade binary options accept deposits from a wide range of sources. There’s a good chance that you won’t need to pay any fees to deposit your funds.
Besides debit and credit cards, you may be able to use Skrill, Neteller, or Webmoney to transfer funds into your trading account.
Fast deposits in the mobile app.
Some brokers also accept cryptocurrency as a payment method. A handful of broker apps allow you to set up automatic fund transfers. If you’re serious about trading, you can set up your trading account to receive funds on a weekly, monthly, or quarterly basis.
This way, you will never have to worry about your trading account not having sufficient funds. The most popular methods are:
Credit cards Bank transfer Online banking Cryptocurrencies Electronic wallets (Neteller, Skrill, and more)
7. Bonuses.
Some brokers give you a bonus after you make your first deposit. The broker may match the amount you deposit or add a fraction of your deposit into your trading account.
Conclusion on the best trading apps for Binary Options:
Making money when you’re on the move is no longer just a fantasy – you can simply dial in your trade into one of these apps and watch the money roll in. On this page, we showed you the best and most securest ones for trading online. But keep in mind, Binary Options are a high-risk investment. You can lose your money quickly if you do not use professional money management and trading strategy.
(Risk warning: 71% of retail investor accounts lose money when trading CFDs with this provider.)
FAQ – The most asked questions about Binary Options apps :
How to make money with binary options apps?
In the modern world, binary options trading is becoming popular every day. If you can make the right prediction during trading, you can get the chance to gain a good profit of 70 to 85 percent. But with a wrong judgment, you may lose all the money that you invested. It can be risky, but if done right, binary options trading can reap hefty benefits for you.
What are the best binary options apps for trading?
Binary options are types of contracts whose result is entirely based on the concept of a yes or a no, and it is usually related to the price of an asset rising or falling below a speculated amount. There are many binary options apps available on the internet for you to begin with; some of them are Pocket Option, IQ Option, Olymp Trade, Race Option, Focus Option, et cetera.
Are binary options apps good for beginners?
Yes, binary options trading provides clients with two types of accounts, you can either start trading straight away through a live account, or you have the option to choose a demo account and trade without having any risks. Every beginner in trading should use this chance to learn through demo accounts, which provide a trading simulation to every user.
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