Binary options mobile trading apps with a demo account
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 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. 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.
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.
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.
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.
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. 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.
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