The Best Mobile Apps For Binary Options Trading

If you know anything about binary options trading, you know that a mobile platform makes trading more convenient, efficient, and accessible. When you can’t sit at your desktop to watch the market fluctuate, an app can make all the difference to your payout.

But what makes a high-quality binary options mobile app? We’ll show you what features you should look for and why a mobile platform helps you boost your trading skills.

But first, I'm going to show you the top binary trading apps of 2020.

AT A GLANCE: Our Picks for the Best Apps for Binary Option Trading
  1. Best for Mobile Trading:ExpertOption
  2. Best for CFD Trading:IQ Option
  3. Best Trading Platform:Pocket Option
  4. Best Bonuses:RaceOption
  5. Best for VIP Traders:Binomo
The Best Apps For Binary Option Trading
ExpertOption is an online trading platform that offers over 100 different financial assets to trade including currencies, stocks, commodities, and cryptocurrencies.

The 7 Best Apps For Binary Option Trading

Binary Option Apps For Mobile Trading 2020
ExpertOption
If you're looking for a great payouts and a solid trading platform, ExpertOption is an option worth considering.
  • Min. Deposit: $10
  • Min. Trade: $1
  • Max Profit: 95%
  • Assets: Stocks, Commodities, Crypto, and Forex
  • Demo Account: Yes
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IQ Option
If you're looking for the best binary trading platform, IQ Option should be near the top of your list.
  • Minimum Deposit: $10
  • Max Payout: 95%
  • Min. Trade: $1
  • Assets: Over 250+ Currency Pairs, Stocks, Crypto, Commodities, ETFs
  • Demo Account: Yes
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Pocket Option
If you're looking for a binary broker that caters to customers around the world, including USA and Europe, then Pocket Option is one of the best options available.
  • Maximum Profit: 96%
  • Min. Deposit: $50
  • Min. Trade: $1
  • Assets: 100+ Crypto, Commodities, Stocks, and Currency Pairs
  • Platform: Web, Android, iOS, and Windows
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RaceOption
This platform is best suited for beginners that are looking for a simple interface that is easy to understand.
  • Minimum Deposit: $250
  • Payouts: 90% Max
  • Bonus: 20-100% Deposit Match
  • USA Friendly: Yes
  • Assets: CFDs, Forex, Indices, Stocks, Commodities
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Binomo
Binomo is a good binary trading platform but has limited assets compared to other brokers. Binomo does offer a demo with $1,000 in virtual funds if you want to give their platform a try.
  • Minimum Deposit: $10
  • Minimum Trade: $1
  • Payouts: 90% Max
  • Assets: Stocks, Commodities, Indices, and Currency Pairs
  • Demo Account: Yes
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Olymp Trade
This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.
  • Minimum Deposit: $10
  • Minimum Trade: $1
  • Max Payout: 92%
  • Assets: ETFs, Stocks, Commodities, Indices, Currencies, Cryptocurrency
  • Demo Account: Yes
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BinaryCent
BinaryCent trading environment is friendly and secure for all traders. This broker comes highly recommended for all types of traders.
  • Minimum Deposit: $250
  • Minimum Trade: $0.10
  • Assets: CFDs, Forex, and Options
  • USA Friendly: Yes
  • Assets: Commodities, Crypto, Forex, Indices, Stocks
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Benefits of Using a Mobile Trading App for Binary Options

Trade Anywhere, Anytime, From Any Device

A desktop website is excellent, but it's no match for the convenience of a mobile app. Your smartphone gives you access to your options account anywhere, anytime. Even if you're on the subway or taking a lunch break, you can still trade with the app.

This unparalleled accessibility favors serious traders that stay on top of news and updates. When you have the mobile app in your pocket, a potential trade can take place within seconds. While a website has many of these benefits, it lacks the on-demand access you need for timely transactions.

Faster and Easier Access to Markets

You can find add-on features to get more out of your mobile app experience. The wonderful world of widgets delivers market information directly to your home screen. The immediate access lets you gauge a risk warning or check your trades without clicking the app.

Widgets are as easy to use as mobile apps. After you download your phone's latest operation system, go to the Android or Apple store to add the widget to your home screen. Drop it on your home screen and let the widget do the rest of the work. Click on the icon any time you want a live look at the market.

Push Notifications and Alerts

Stay on top of your trades with customized push notifications and alerts. They provide a natural extension of your experience, delivering up-to-the-minute information directly to your mobile device. You can set the alerts to include messages about limited-time offers, risk warnings, and portfolio updates.

If you're not continuously monitoring the market, you may miss out on a once-in-a-lifetime trade. The same goes for keeping an eye on breaking news and other industry events. Push notifications ensure you never miss a beat.

Ease-of-Use

Website trading has long been the gold standard for binary options traders. A desktop provides the largest viewing platform and copious statistics. Mobile designers have simplified trading apps, so you still get the same information as a traditional website without sacrificing your trading experience.

If you have never traded options before, the process can be daunting, even if you use a website. An easy-to-use mobile interface provides you with the insights you need to make smart decisions. It lets you conquer the learning curve and gives you an advantage when you trade with more money later.

What to Look For in a Binary Options App

Variety of Tradable Assets

The more options, the merrier. You should be able to trade your various options in multiple ways. One of the most straightforward choices is the Up/Down, also known as the Above/Below and Over/Under. You can also define your trades based on the number of touches and its range.

Many platforms offer additional tradable assets beyond options. For instance, 24option.com lets you trade Forex, cryptocurrencies, commodities, stocks, indices, and ETFs. The assortment gives you more control over your portfolio, letting you leverage your knowledge for financial gain.

Operation System Compatibility

If you have an Android phone, you can only download Android apps. The same applies to Apple users and iOS apps. When a binary-options broker offers multiple trading applications, it gives users more flexibility, allowing them to find the right app for their phone.

The United States has the most smartphone users of any country at 260 million people. According to Statista, 100 million of those people use iPhones, and another 120.5 million use Androids. As long as your app covers these two platforms, you should have flawless operation system compatibility.

Demo Account for Practice Trading

Practice makes perfect. A free binary options demo account allows you to trade before depositing real funds. Platforms will start you with a few thousand dollars in virtual cash and let you make the same trades as real users.

Options are complex financial instruments that come with a high-risk warning. A demo account lets you understand those risks before trading with actual funds. The risk-free trial makes the demo account a must-have resource for new users.

Safety and Security

If you have sizable funds in your account, you should have peace of mind that your money is safe. The best apps join the Securities Investors Protection Corporation (SIPC), a non-profit organization that protects investors. It insures hundreds of thousands of dollars’ worth of securities, including cash.

Other high-level security measures include two-step authentication, encryption-hashing algorithms, and Transport Layer Security (TLS). TLS protects your data with cutting-edge ciphers when your mobile device communicates with servers. Make sure your app also verifies banking credentials before you start investing.

Convenient Deposit Methods

Binary trading apps should make it as easy as possible to become a trader. The best apps accept a wide range of deposit methods and don't charge fees. Some of the commonly used choices include:

  • Debit cards
  • Credit cards (Visa, Mastercard, Maestro)
  • Skrill
  • Neteller
  • Webmoney
  • Cryptocurrency

If you're serious about binary trading, download an app that allows automatic transfers. The feature lets you transfer funds from your bank account to your trading account on a weekly, biweekly, monthly, or quarterly basis. The proactive approach ensures that you always have sufficient funds in your account.

Fast Withdrawals

The withdrawal process varies among apps, though the best ones have one thing in common: they're fast. Log into your account. Click the withdrawal button. Select how much cash you want to withdraw. You should see your deposit in three to ten business days.

Note that some binary options brokers charge a fee when you take funds out of your account. Others require you to submit documents along with your withdrawal request. You may have to provide a government-issued ID, such as a driver's license or passport, along with your bank account information.

Deposit Match Bonuses

Some trading apps will reward you with a binary options no deposit bonus. All you have to do is download the app, create a profile, and make the minimum deposit. The mobile app will then match your deposit up to a certain amount.

The bonus size varies from place to place. Ayrex will match up to 30% of your first deposit, while Raceoption will match your deposit 100%. Some trading platforms do not offer matches, such as Binary.com, 24option.com, and IQ Option.

Making money with binary options isn't for the faint of heart. Trading requires knowledge, accuracy, and precision, some that only a select few people have. If you want to trade like the giants in binary trading, download a trading app today.

robert wolfe
Robert Wolfe( Founder )

Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.