The popularity of binary options trading has grown enormously over the past five years, and with this a whole range of new brokers and ways to trade binary options has emerged as a result. By far the largest and most valued development in binary options trading, however, has been the development of mobile trading solutions for traders who demand access to their accounts from any location worldwide. Gone are the days when trading meant sitting at home in front of a desktop computer, today’s trader’s monitor, buy and sell binary options from their mobile devices.
The combination of huge amounts of investment being undertaken by the leading brokers, in order to maintain an advantage over their competitors, has enabled a seamless shift from desktop to mobile trading. With almost all brokers now providing an app for iPhone trading, many analysts have confirmed that mobile trading is by far the most popular form of trading for binary options. As this popularity has grown since around 2010, and binary options brokers have become more reputable through regulation, binary options brokers have ensured that investment in their iPhone app is their number one priority.
What makes a good iPhone trading app?
The essence of a great iPhone trading app for binary options traders is one which allows a number of functions for traders to perform quickly and easily on the move. As the leaders in handheld technology, iPhone is an excellent choice for traders looking for a touch-responsive screen and intuitive screen layout. The function of the iPhone app, however, have to be provided by the broker and this is where the real differences exist in terms of quality and usability. The idea behind a mobile trading platform of any kind is that it should not be so removed from the web-based version that a trader is going to be used to. Those which manage to create a very simple app, but with all of the functions of the web-based platform, are likely to be much better received by mobile traders.
Simplicity and power make the perfect iPhone app
Those trading platforms which manage to combine simplicity and power, such as the leading iPhone app provided by Banc de Binary, allow their traders to benefit in a number of ways. The first of these is that, as everyone is aware, a mobile trading screen is significantly smaller than a standard computer screen. Key buttons and menu options need to be simplified or risk cluttering a mobile phone screen, which would result in fairly inefficient mobile trading for those on the move or in a rush. For this reason, many of the most popular binary options iPhone trading apps are created by the most straightforward web-based trading platforms. Taking Banc de Binary as an example, this company are built on the basis of making binary options as simple as possible. Their web platform not only reflects this but also their iPhone app, which is an excellent example of how to transfer web-based binary options to a mobile handset.
Beyond simplicity, an iPhone app needs to be able to utilise all of the impressive functions of the phone. Its sensitivity to touch, ability to zoom, double tap and tab between trading charts. This is where simplicity also needs to be backed up by power. Looking good in the mobile app industry is only half the battle, the demands of binary options traders are that they are able to be trusted with controlling their investments. Traders will often look to each other for support in the form of mobile trading app reviews and forums in order to discuss the pro’s and cons of an individual app. Needless to say, those which don’t perform well will become unpopular very quickly and those which harness the power of the iPhone to provide a useful trading tool will rise to the top.
Realistic limits to mobile trading
Mobile trading is still fairly young, even though it has several years of development behind it. For this reason, the ability to trade ‘as if you were at home’ is not yet fully functional. There are still some technological and graphical functions which need to be resolved, but the growing popularity of iPhone trading has resulted in a huge number of trader’s moving away from their PC’s to trade on the move. iPhone trading currently offers the best mobile trading experience, incorporating a binary options trading app in to a traders everyday life, with the ability to monitor and purchase binary options whether at lunch, in the park or at work. Several other handsets are catching up, but the popularity of the iPhone means that it will always be the most important mobile trading investment for brokers.