Binary options trading has taken off around the world. More and more people are getting into the trade every day. One of the most distinguishing factors of the best binary options brokers, is their trading platforms. Many binary options brokers have proprietary web-based platforms. However, in order to make it convenient for trader to trade, binary options brokers are developing app based platforms. The app based platforms allows traders to access their trading accounts from their mobile devices, and be able to trade while they are on the move.
Different binary options brokers have different trading apps. Since most of the devices used to access the trading platforms have a small screen, it is important to explore the kind of app offer by various brokers before you settle on any. The development of the app determines how easily one can navigate through the trading platform on the app. There are many other factors that determine how well an app allows the traders to engage on the market. For instance, it is important for the app to have all the necessary trading tools and resources. Some of the binary options brokers are unable to offer these tools and resources on mobile apps.
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My Recommended Brokers Updated January 2020
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
If you have never been in the binary options trading space before, it would be difficult for you to find out which binary options broker has the best trading app. No need to worry though. We sent our binary options and technology experts to explore the various trading apps offered by the various binary options brokers available in the industry. The experts would explore the various apps offered and how much tools and resources are on the apps. IQ Option emerged to be the binary options broker with the best binary option trading app. Below, we explore some of the reasons that might have led to this conclusion.
Before we get to its trading app, here is a bit of background information on IQ Option. IQ Option is one of the largest binary options broker in the online trading space currently. It boasts of a subscriber base of over 17 million people, and trader withdrawals running into billions of dollars. IQ Option has grown over the last decade to become one of the most preferred binary options brokers.
IQ Option operates desktop platform, a web-based platform and a mobile app. The mobile app is available on both Apple Store and Play Store. The desktop app is available for both Mac OS and Windows as well.
While trading, it is important that you are able to respond swiftly to market trends. As such, it is very essential to have a platform that allows you to easy easily navigate. IQ Options apps are easy to navigate and they put all the necessary trading tools and resources at easy reach. Both the desktop app and the mobile app allow you to trade on all types of IQ Option accounts.
The IQ Option desktop app has won 11 awards in the international front for its high quality and great trader experience. Among the aspects that stand out about IQ Option desktop app are the 16 instruments of technical analysis. The app comes with trend-lines, MACD, Parabolic SAR, MA, and many other technical indicators. You can also open 9 simultaneous charts on a single screen.
The desktop app also features a wealth of video tutorials about the indicators and market analysis. Beginner traders will find these resources quite useful as they try to learn the ropes of binary trading. It is also quite easy to withdraw your funds from the desktop app. All the withdrawal methods are a single click away while you are on the desktop app. The trading platform is available 24/7 and you can trade whenever you want to.
The mobile app is just as impressive as the desktop app. It comes with all the features that are on the desktop app. The only challenge is that you might not be able to have as many features on one screen as while on the desktop app. You can easily switch between a demo account and a real account while on the mobile app. You can also launch all the technical indicators made available for you from the app.
The app also holds all the money transfer channels that you need to withdraw your funds or deposit seamlessly at any instance.
The mobile app is quite easy to download. You can get it from either Apple Store or Play Store and install. It is not a heavy app and will not take up too much space on your device. It is quite easy to trade on the app and navigate once you get used to it. IQ Option has both the best binary trading app for android and the best binary trading app for iPhone.
All IQ Option trading platforms are closely regulated by Cysec, and they undergo audit by KPMG every year. This is to ensure that all the market trends shown are genuine, as well as the outcomes of your trades. Indeed, IQ Option has some of the best binary trading apps in the industry.
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