Mobile binary options platforms
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. Most will have versions specifically written for android, iOS and Windows — exploiting the benefits of each platform. 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. Where there is a need, we will see attempts to fill that need, which is why we now have trading platforms for the mobile phone.
People love the easy life. That is why convenience appliances do well in the market. With smartphone companies selling millions of products every month, the mobile trading platform will quickly become very popular. There are restrictions with using conventional trading platforms. There are places where you cannot take a laptop. There are some cities where you stand a chance of getting robbed of your laptop if you happen to be in the wrong place.
With a mobile trading platform, these restrictions disappear. You can trade anywhere, anytime. You can even be in a public toilet and check your trades while you answer the call of nature.
We will soon get to a point where online brokers who do not have mobile trading platforms on their product suite will lose a significant portion of their market share. I recently reviewed a mobile trading platform for a binary options broker, and I must say that it was a wonderful experience. The binary win rates are indeed high as it is easier to monitor trades.
Trading with a mobile phone gives you flexibility that you otherwise would not have with a laptop. One broker that offers smartphone binary options trading is Optionfair.