Binary options mobile platform
Some brokers have taken more care and attention with their applications than others — the quality of each app is covered in our broker reviews. Many trading apps utilise the touch screen capabilities of the various handsets and tablets, and other have created charts and views purely for use on mobile devices.
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.
How do you manage a trade in such a situation? This was and still is one of the strongest cases for mobile trading. Trading platforms have been in use since the early days of online trading. Over the years, online brokers have brought in several innovations. Some of these innovations have been made possible through the groundbreaking work of gurus like Steve Jobs, Bill Gates and the guys at Oracle, Cisco and various IT companies. 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. 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.