Pocket Option And Pocket Broker

Binary options apps take the simplicity and easy understanding of binary trading and makes it even more convenient, with a downloadable application for mobile devices . Nowadays, binary trading apps offer many of the same features as traditional platforms like signals and demo accounts for experimental trading Pocket Option Best Strategy 2024 . Read on to find out if binary options apps are for you and how to decide which one to download.

Introduction Pocket Option And Pocket Broker

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In our tests we have found that these are the 5 best binary trading apps on the market:

1. Deriv.com - iOS & Android
2. Quotex - iOS & Android
3. Pocket Option - iOS & Android
4. IQCent - iOS & Android
5. Videforex - Android

Best Binary Options Apps Comparison

#1 - Deriv.com

Why We Chose Deriv.com

Deriv GO shines with its straightforward app design and diverse trading opportunities, from traditional markets to custom indices that simulate real-world markets and offer 24-hour trading, including on weekends Pocket Option Boosters . The in-app chat assistance, which can’t be found at many alternatives, is also fast and reliable, providing an important layer of support for new users.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team

• iOS App Rating: 4.2 / 5
• Android App Rating: 4.5 / 5
• Min Deposit: $5
• Payout %: 100%
• Expiry Times: 15 seconds to 365 days
• Platforms: Deriv Trader, MT5
• Instruments: CFD, Forex, Crypto

About Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

Pros

• The low $5 minimum initial deposit suits those on a lower budget
• Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters
• There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits

Cons

• There's no loyalty program or rebate scheme for high volume traders
• There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
• The range of 100+ assets trails some competitors such as Quotex which offers 400+

#2 - Quotex

Why We Chose Quotex

Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. And with over 1 million downloads and at least 4/5 on the Apple App Store and Google Play Store, it’s proven popular with all types of mobile traders.

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."

- DayTrading Review Team

• iOS App Rating: 4.2 / 5
• Android App Rating: 4.1 / 5
• Min Deposit: $10
• Payout %: 98%
• Expiry Times: 5 seconds - 4 hours
• Bonus: 30% Deposit Bonus
• Platforms: Web Platform, Mobile App
• Instruments: Forex, Crypto

About Quotex

Quotex has been a top binary options broker since 2019, offering over 400 binaries across currencies, commodities, stocks, and crypto. With contracts spanning 5 seconds to 4 hours, short-term traders enjoy flexibility while payouts that exceed 95%, offer high potential returns. Continuously adapting to trader demands, Quotex provides a user-friendly platform for trading binaries.

Pros

• Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal
• Daily signals are useful for finding opportunities, especially for newer traders
• The platform continues to delivers a superb trading environment with strong charting tools for technical traders

Cons

• Quotex is unregulated, which means traders may receive limited safeguards
• Quotex trails industry leaders when it comes to education and market research
• Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option

#3 - Pocket Option

Why We Chose Pocket Option

Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

- DayTrading Review Team

• iOS App Rating: 4 / 5
• Android App Rating: 4.2 / 5
• Min Deposit: $50
• Payout %: 92%
• Expiry Times: 5 seconds - 4 hours
• Bonus: 50% Deposit Bonus
• Platforms: Web, MT4, MT5
• Instruments: Forex, Crypto

About Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

Pros

• The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
• Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
• The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries

Cons

• Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
• You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
• Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders

#4 - IQCent

Why We Chose IQCent

IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

- DayTrading Review Team

• iOS App Rating: 4.3 / 5
• Android App Rating: 4.1 / 5
• Min Deposit: $250
• Payout %: 98%
• Expiry Times: 5 seconds - 1 month
• Bonus: 20% to 200% Deposit Bonus
• Platforms: Online Platform, TradingView
• Instruments: CFD, Forex, Crypto

About IQCent

IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.

Pros

• IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders
• Keen traders can take part in trading contests with cash prizes
• The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests

Cons

• The broker is not overseen by a respected regulator, though this is common among binary options firms
• The market analysis is very basic with limited technical summaries and insights from analysts
• There's no automated trading support for algo traders

#5 - Videforex

Why We Chose Videforex

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

- DayTrading Review Team

• iOS App Rating: 4.1 / 5
• Android App Rating: 4.4 / 5
• Min Deposit: $250
• Payout %: 98%
• Expiry Times: 5 seconds - 1 month
• Bonus: 20% to 200% Deposit Bonus
• Platforms: TradingView
• Instruments: CFD, Forex, Crypto

About Videforex

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

Pros

• Videforex allows you to enter positions with just ¢0.01
• Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
• Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent

Cons

• The broker isn’t overseen by a trusted regulatory agency
• US clients aren’t accepted due to legal restrictions
• No MetaTrader 4 integration

How Binary Options Apps Work

Traditionally, binary options contracts are created using trading software or a web-based platform on a computer or laptop. Now, many brokers offer apps for binary options contracts trading on the go. These allow a streamlined trading experience for mobile users, allowing them to monitor and place contracts from their iOS or Android (APK) devices.

Binary options trading apps are condensed versions of the platform brokers use for desktop trading. These are optimised for the smaller screens and touchscreen function of a mobile device. Binary apps will offer limited features compared to full software but are typically easier to navigate and use.

The best place to download a binary options trading app is a mobile platform’s app store, with an extensive range of applications available for both Android and iOS devices.

Pros Of Binary Options Apps

• A Good Fit – Of all the types of options trading, the best suited to mobile app trading is binary options. Thanks to the relative simplicity and capped losses of these contracts, all relevant data for a specific trade is displayed easily through a mobile platform.
• Faster Trading – The best binary options apps will offer widgets that can be added to the home screen of a mobile device. These widgets are set to monitor a specific market of interest and can be used to quickly purchase contracts on an asset of interest. Many browser-based platforms and trading software tools require traders to sign in and load up a specific trade when they have been away from their computer. Widgets allow much faster access to trading through binary options contracts applications.
• Alerts & Push Notifications – Traders that use mobile binary options platforms can set up push notifications to alert them when certain market parameters are met. In addition to this, the best applications will send their users relevant news and other signals through alerts. These alerts can help traders spot and act on profitable market trends that they might otherwise have missed.
• On-The-Go Trading – The importance of having access to the markets at all times cannot be understated. For assets that trade constantly, such as cryptos, the enhanced accessibility offered by mobile applications for binary options trading is particularly valuable.
• Enhanced Monitoring – The monitoring capabilities of options trading apps can be extremely useful to traders. Tracking the progress of open contracts is a feature many users will find appealing, as well as the ability to monitor the markets wherever you are.
• Ease Of Use – Because of the reduced platforms of binary options apps, the trading process is necessarily simplified. A byproduct of this is that mobile applications will be easier to use for new traders. Sometimes new investors are intimidated by the more complex arrangements in web-based or software platforms. Using a binary options app is a great way to simplify things.

Cons Of Binary Options Apps

There are a few drawbacks of binary options trading with apps:

• Less Information & Tools – Because of the condensed nature of binary options apps, there may be less information available to traders on an asset or market. Indeed, simultaneous monitoring of multiple assets will often be impossible when trading with an app, as will advanced chart analysis tools.
• Reduced Automation Capabilities – Through third party trading software, binary options can benefit from automation, which enhances the speed and efficacy of trading, spotting preset market conditions and executing trading strategies independently. When trading from a mobile platform, the potential for automation will be reduced or even eliminated.
• Hardware Compatibility – Some binary options trading apps may have launched on only iOS or Android devices and your preferred broker may not have an app for your chosen mobile ecosystem. This will also limit traders that wish to change between the two platforms but keep the same apps for binary options trading.
• Limited Capability For Complex Trading – More experienced traders may wish to complete simultaneous trades or hedge their binary options contracts. Binary options applications will have reduced efficacy when completing these advanced trades compared to a computer-based platform. Some mobile applications may not support advanced binary options variants either, though this will depend on the specific broker.

How To Compare Binary Options Apps

Safety & Reliability

One of the top priorities for binary options trading apps is how reliable both the application and broker are. When looking to trade binary options it is imperative to pick a broker that is legitimate and reliable. Look out for those that are certified by independent governing bodies as well as those with positive reviews from trusted sites.

When browsing binary options apps, reviews are also a great place to start. User reviews on an app store will often detail any issues with an app, such as freezing or crashing. Additionally, apps with frequent updates will likely be more stable and less prone to problems. Safety-conscious traders may favour those with two-factor authentication (2FA) capabilities to offer maximum security to their trading account.

Mobile Platform

Before committing to an attractive broker for binary options trading, it is crucial to check whether they offer an app on your specific mobile platform app store. Several brokers may offer an app on either iOS or Android devices but not both.

Supported Markets & Assets

Binary options contracts have become very popular throughout the trading sphere. As a result, contracts are offered on a wide range of markets and assets. Binary options apps can be specialised for only one of these markets or may instead offer a range of markets.

This difference means that one app may not be perfect for every trader. The best binary options trading applications for each trader will depend on their specific trading needs. Some people may only want to open binary options contracts on cryptocurrencies like Bitcoin and Ethereum. These traders may find that a specialised cryptocurrency platform will offer more advanced features specific to crypto, or feature a greater range of digital assets to trade.

Other users may want to trade in multiple markets. They can choose to select several specific apps for each market or find binary trading apps that support all of their needs.

Fees & Minimum Deposits

When it comes to trading brokerages and apps, the most appealing aspects to traders are often low fees and minimum deposit amounts. Binary options apps are no exception. If you are new to trading or looking to wager smaller amounts, we advise you to begin with smaller contracts and less risk. To facilitate this, you should look for applications with low minimum deposit limits.

More experienced binary options traders often want to trade with more capital. Whether this means trading a greater volume of contracts or wagering more funds per contract, fees will add up quickly. Therefore it is imperative to find an app with low costs to generate the highest potential profit.

Payouts

When trading binary options outside of the US, each app provider independently decides on the payout of a contract. Comparing payouts between brokers can be tricky, as advertised max payout amounts may not be correlated to the value each broker offers on a like-for-like contract. Despite this, it is worth shopping around to see which binary options apps offer the best payouts. This may involve looking at reviews of an app or downloading a few different choices and comparing payouts on similar contracts.

Variety Of Trading Options

You might want an app with extended financial functionality or may only value binary options trading facilities. As well as simple up/down contracts, the best binary trading apps will offer traders a range of contract types. You may also desire an application that supports spot trading or CFD trading alongside binary options.

Deposits And Withdrawals

The best binary trading apps offer easy and quick deposits and withdrawals, with several different methods for doing so. Make sure that a binary options app supports your preferred medium for transactions. Transfer methods to look for include debit and credit cards, PayPal, Skrill, Neteller, wire transfer or even cryptocurrency wallet transfers.

Every trader will want to be able to deposit funds quickly to take advantage of emerging market opportunities. Equally, you are likely to need to withdraw capital from your binary options apps to make purchases or invest with other brokers within a short time frame. Some brokers will charge withdrawal fees, either as a flat fee on all withdrawals or after a defined number of free withdrawals per month has been exceeded.

Speed & Ease Of Use

When purchasing binary options contracts, time can be the difference between a profitable trade and a loss. With this in mind, it is imperative to find binary options apps that are quick to navigate and place trades on. Some applications may feel intuitive to particular traders but annoying and convoluted to others, so it is worth trying a few before you commit to one provider. Many brokers offer demo accounts to allow you to do so without needing to deposit funds.

Charting & Analysis Features

Some mobile binary options trading packages may offer different charting and analysis capabilities to others. Technical signals may form a large part of a trading strategy, so you should ensure that a broker’s software offers the features you need.

Other Aspects To Consider

When comparing binary options apps, traders may also want to consider whether brokers offer demo accounts, training, educational content and push notifications. Demo accounts are excellent for trialling trading strategies or for those new to the markets. Training and educational content can aid new clients in learning the ropes. Push notifications are particularly valuable to binary options trading apps as they alert traders to opportunities in markets that they may not have been actively monitoring at that time.

To incentivise traders to choose their binary options apps, many brokers offer signup bonuses to new customers, where they match a certain percentage or set value of a client’s deposit as additional credit. You may feel that this is a significant reason to favour one broker over another, though it is worth reading the terms and conditions of a specific bonus offer to make sure there are no wagering restrictions on the bonus or even your cash deposit.

Also important is the availability of customer service and support to clients. User reviews will often mention the responsiveness of support so keep an eye out for this.

How To Get Started With A Binary Options App

Getting started with binary options apps is generally pretty simple once you have decided on which broker and platform best meet your needs. Here are the steps to follow:

Find An App

The previous section should provide you with enough information to pick from the best binary options mobile apps for you. Once you have found a trusted broker with an attractive and functional product, you can move on to the next step.

Download The App

For most binary options apps, this step involves going into the app store for your specific device and downloading the correct mobile trading software. For iOS devices, this is the Apple App Store, while Android operating systems use the Google Play Store.

Create & Verify Your Account

Once your preferred app has been downloaded, it is time to create a trading account with the broker. Some clients may prefer to do this on a desktop or laptop but this is entirely possible to do through the app. You will be required to enter an email and create a password as well as to provide personal information, with many binary options apps requiring additional security questions and verification methods like a mobile number.

Some binary options apps will require you to immediately verify your identity for know-your-customer (KYC) protocols. Others may ask you for this information later on, such as before a deposit or withdrawal. Brokers may ask you to provide proof of your address, bank account or personal ID. Once completed, you should be free to use your account.

Log In On The App

The next step is to log in to the binary options trading app. The app may store your details for quick future access, requiring a passcode or biometric fingerprint to secure your account. If security is a big concern for you, it is possible to set up two-factor authentication (2FA) for many binary options apps., though this will slow your logins slightly. It is worth making sure that your authentication is not on the same device as your app.

Make A Deposit

Once your account is fully verified, it is time to deposit funds. Most brokers will offer a variety of deposit methods such as credit or debit cards, PayPal or Skrill. Choose the deposit medium that you are most comfortable with, keeping an eye out for deposit fees. Some binary options apps will have a minimum deposit limit so you will need to add capital in that amount or higher.

If you have selected a binary options app with a deposit bonus, make sure that you make the most of it with your first deposit. Often these bonuses match a percentage of your first deposit up to a limit. Because of this, a sizeable first deposit may help you maximise the bonus.

Ready To Trade

You are now ready to trade binary options contracts on your chosen application. Take some time to get to know the app and familiarise yourself with its layout and trading tools. Once you feel comfortable, it is time to trade.

Other Things To Know

• Regional Differences – Binary options trading is different within the US. Binary options contracts in the US are traded through a centralised exchange rather than by individual brokers. However, some apps that follow the non-US model are authorised for use by US residents. These brokerages are regulated by a US regulatory body like the SEC or CFTC.
• Taxation – While some countries like the UK currently consider binary options trading as gambling and therefore not liable to taxation, there will be some jurisdictions in which binary options traders will have to declare their earnings for tax.

Final Word On Binary Trading Apps

Binary options apps provide many benefits to traders, allowing them to track and purchase contracts at any time, from any place. With easy-to-use mobile interfaces and much of the functionality of full trading platforms, binary options apps can be very useful. Furthermore, push notifications can alert traders to opportunities in the market that they may have otherwise missed. There are many factors to consider when selecting an application, including pricing, charting and available assets, though there is generally a binary options app to suit everyone.

FAQs

Where Can I Download Binary Options Apps?

The best place to download binary trading apps is on the application store for your mobile device. This is the Apple App Store for iOS or the Google Play Store for Android platforms.

What Assets Can I Trade On Binary Options Apps?

Different applications will facilitate trading on various assets. Binary options contracts can be opened on stocks, cryptocurrencies, forex and commodities. Some apps may enable contracts to be opened on more than one of these markets, while some may be specifically designed for one particular market. Additionally, some apps for binary options trading will feature more assets for trading than others, especially in the cryptocurrency markets.

Are Binary Options Apps Legitimate?

As with all areas of financial speculation, there are fraudulent brokers and trading scams. However, many trusted brokers offer safe and reliable binary trading apps, just make sure to only trade with the broker apps we recommend here.

Can I Make Money On Binary Options Apps?

Binary trading apps provide clients with the opportunity to place trades on the go, offering access to markets wherever they are. This increases the chances of being able to take advantage of profitable opportunities.

Many modern brokers offer demo accounts for traders to hone their skills. Some binary options trading applications will have demo account functionality for traders to try out contracts on different markets.

All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.