Binary options trading are fast paced short term (and in some cases long term) expiring contracts that offer a certain level of excitement usually devoid in the traditional trading products. These derivates have managed to catch up with the people in general, who were until now put off by the complexity that comes with trading the more conventional trading products. Binary options therefore have become one of the fastest growing financial derivates which are available for retail traders. The grown in binary options has also given rise to a large number of binary options brokers.
This fasted paced trading has managed to catch up with the ever evolving technology as well and more importantly in the mobile/smartphone segment. Trading (binary options) is no longer confined to the desktops or even laptops, but is now available on the smartphones. From Apple iPhones to the many Android enabled smartphone devices and tablets. Thanks to the many binary options apps that are now available from Google Play and iTunes stores, it has become easy for anyone with a smartphone to open binary options trading account and start trading from their smartphone or handheld devices.
Trading binary options from the mobile or smartphone devices
Binary options can be traded or accessed in two primary ways as follows:
- A mobile optimized website (commonly referred to as Webapps)
- Smartphone apps for iOS and Android enabled devices
Let’s take a closer look at how you can trade binary through any of the above two methods and also that main differences between these two approaches to accessing binary options from your smartphone or mobile devices.
Mobile Optimized Binary Options Trading (or Webapps)
The mobile optimized binary options trading are platform independent and can be accessed from any mobile device. Be it an old Nokia or the latest touch screen enabled smartphone. This method of trading binary options makes it easier and probably the most preferred way to trade binary options, even for the technologically challenged traders. The trading interface and visual experience might vary from one broker to another and in some cases; a few binary options brokers do not offer a mobile optimized trading platform. However, the more reputable binary options brokers do offer some of the best binary options trading experience via the Webapps. A few of these Webapps, could in fact put a standalone binary options trading app to shame not just in terms of the visual experience but also the functionality aspect too.
Of course, depending on your screen size and the mobile manufacturer the experience may vary and in some cases, not all of the binary options that are available from the broker are available via the Webapps. That being said, the most commonly traded type of binary options such as High/Low or conventional Call/Put options as well as some short term expiring contracts such as 60 seconds and so on are usually available. It is however recommended that the trader should first check on the types of binary options that their broker allows for trading via the mobile or Webapp interface.
Binary options smartphone Apps for iOS and Android
For the technology savvy binary options trader, trading binary options from their smartphone devices offer an endless opportunity. Most of the binary options apps try to outdo their competitors and in most cases it is evident by the functionality that comes with such Apps. In the same note though, there are few binary options brokers who offer a sub-standard binary options apps via the Google Play or iTunes store. Therefore it is essential that the binary options trade makes sure to check out the features that are offered from the binary options trading app before they start trading from their mobile or smartphone devices.
It is common knowledge that the apps are usually influenced by the mobile or smartphone device on which it is being used. So, traders must ensure that their smartphone devices are adequately charged (i.e: have enough battery power) and also cut down on running other apps simultaneously. This is to ensure that the binary options trading app that is being used does not freeze at times locking you out from opening a profitable binary options contract or when you want to close an open contract.
Binary Options trading on smartphones and mobiles – What you should know
Regardless of whether you use an app or a mobile optimized Webapp, there are a few things to bear in mind when it comes to trading binary options. We at mBinaries.com summarize a few of them below.
- Check with your binary options broker about the availability of a specific type of binary options contract on the app or via the Webapp. Or simply click here to read our in-depth mobile binary options broker reviews.
- With the exception of a few binary options brokers, depositing funds from your binary options app or webapp is not possible. If this is something of a deterrent for you, then make sure you know of these limitations beforehand.
- Withdrawals are not allowed with binary options mobile trading. So if you are in need of a quick withdrawal, you will have to hop back to your trusty old laptop or computer to process the withdrawal.
Why trade binary options from your mobile or smartphone devices?
The answer to the above question might vary from one trader to another. But the major underlying factor has to be that mobile binary options trading offer a different level of excitement of trading the financial markets. Imagine if you were watching the news at some bar and you suddenly notice a major news event that is bound to impact the financial markets.
For a mobile binary options trader, it is an opportunity worth trading and is as simple as logging in to their binary options app or via a mobile optimized website of their binary options broker and placing a trade. For the rest who don’t quite buy into the concept of trading binary options from their smartphone or mobile devices, it is an opportunity that is lost.
In the same note, it is worth mentioning that having easier access to your binary options broker also has some of its downsides. The main drawback being that because it is so easy to trade binary options from your mobile devices, overtrading can be a bit of a problem, especially for a beginner to binary options trading. Traders with itchy fingers are more likely to place impulsive trades from their mobile devices as compared to having to be in front of your computer or laptop to make that very impulsive trade. This can be overcome though if you manage to discipline yourself, which should help stop you from pulling out your smartphone every time you think there is an opportunity to trade.
Trading binary options can be fun and even more when these derivates can be traded from your mobile phone from any place and from anywhere. For most traders, binary options mobile trading is all about excitement and maybe to showoff of their friends. For serious traders, binary options mobile trading offers a way to easily access their binary options trading broker in order not to miss a potentially viable trading opportunity.
No matter whether you are a professional trader or just getting started with binary options trading, if the markets excite you and trading binary options is something that you love to do, the mobile binary options trading might just be a perfect match for you.
As already mentioned, it takes some experience to be able to trade like a pro. Best is to start with resources dedicated to mobile trading only. This way you will learn much faster and it will save you a lot of time. Here are a couple of recommendations:
– You can either read some short and basic article like this one or take a look at websites that are 100% dedicated to the mobile aspect of binary options like:
– Another great resource is to check specific pages of brokers like this one here.