When choosing a binary options broker, one of the things you would want to check is whether it has a mobile trading platform and how good it is. Even if you are mainly trading using a desktop and are not planning to trade on the go, having such an opportunity will come handy when traveling or just commuting to work. It’s nice to have an option to earn some money even then, so make sure you have one.
With this in mind, is there anything specific one should look for in a mobile trading app? The answer yes, and here is what you need to consider.
1. Updated rates always available.
The most important thing, as well as the biggest challenge, is the availability of a continuous flow of updated rates in your mobile app. Some delays for a few minutes or even hours occur often in some apps. This is either because of some technical problems or a weak internet connection. What you need to look for is the assurance that the rates are taken from the feed which is later converted using a web socket. This way, the rates are then usually the same as those on the web server.
2. No internet problems.
In case you move from WIFI to a mobile network, your mobile trading application has to be able to recover all the data and operations that were conducted during this move. At that point, a user will not be disconnected and will be able to continue using the app and not lose any data. To assure this is not as easy as it sounds. If it just so happens that you just opened a position, you need to be sure that you can continue from the last action you conducted with the previous connection. This requires a great degree of technical backup. Any mobile trading app should also have an offline mode available. It’s not the best, but it gives you more access not depending on the circumstances they might encounter. When offline, you should still be able to access basic features such as you trading history.
3. Quick processing time.
It’s pretty obvious that the fastest possible processing time should be a priority for mobile trading. Once you have placed a trade, a broker should be able to quickly proceed with it. In case there is any delay, the whole point of the deal might be lost, especially if your trade had a short expiration time. Speed is everything in trading, so that’s definitely a thing you would want to have in your mobile app.
No matter how fast and reliable the app is if it’s heavy and difficult to use, there is no way your trading will be successful. Having to trade on a mobile device makes the design much more important than anywhere else. The way it looks and feels needs to needs to be carefully considered and cannot be compromised just as its performance characteristics.
If the app is overloaded with information, this is also awful for the user. It’s important to be able to differentiate between information that is crucial, less important and not important at all. Make sure you can do so at the fist glance at the app.
For sure, one of the biggest concerns of traders when trading on mobile is security. How safe is it to trade using your smartphone after all? No need to worry about that! People are often worried about security on mobile devices However, this is just a matter of stereotype. Nowadays, mobile trading is just as secure as any other form of it. On a mobile just as on a desktop, the level of security is pretty high. So your only concern should be choosing a reliable broker. If desktop trading is secure with it, mobile trading is as well.
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