Mobile apps are a modern solution for trading in financial markets. They can be used to work at any place and any device: a smartphone, tablet, etc. However, it is important to choose the best app in order to ensure that your trading successful. Analysts at the Traders Union prepared an article telling readers about the Best Binary App for iOS 2024. We compared the apps and gave them our scores.
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
Binary is the right broker for those who appreciate a variety of financial instruments. Due to the low minimum deposit, the company is suitable for novice traders who do not want to risk large amounts of money.
The IQ Option broker is for novice traders who are not yet ready to trade on Forex but would like to get their first trading skills.
The Expert Option broker aims to cooperate only with those traders who prefer binary options. There are no conditions for active and passive trading in the company.
Centobot is a solution for traders who prefer trading with bots. Centobots are designed to generate passive income from fiat and cryptocurrency trades. They apply technical indicators to analyze the market and make trades.
Best Binary App for iOS 2024
| Pocket Option | Binary.com | IqOption | ExpertOption | Centobot | |
|---|---|---|---|---|---|
|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile |
IQ Option |
Browser platform |
RaceOption, Binarycent, Videforex |
|
Min deposit |
$5 |
$5 |
$10 |
$50 |
$250 |
|
Trading instruments |
currency |
indexes, Forex, goods, stock, random index |
Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
Options |
Binary options (fiat currencies and cryptocurrencies) |
|
Signals |
No |
No |
No |
No |
No |
|
Analytical support |
No |
Yes |
Yes |
Yes |
No |
|
Training |
No |
Yes |
Yes |
Yes |
No |
|
Additional tools |
Yes |
Yes |
Yes |
Yes |
Yes |
1
Best Binary App for iOS 2024 - Pocket Option
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, PO TRADE BROKER has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option for traders:
•low threshold for entering the market; the first deposit starts at $5;
•social trading platform generates passive income.
👎 Disadvantages of Pocket Option for traders:
•not licensed by any reputable regulator;
•to trade Forex through MetaTrader 5, you need to deposit at least $1,000;
•support service responds within 24-48 hours, which is also too slow.
2
Best Binary App for iOS 2024 - Binary.com
Deriv (Binary.com) offers trading services with a focus on derivative products like binary options and CFDs. The company has a history that dates back to 1999 and is regulated by several entities including the Malta Financial Services Authority (MFSA).
The broker also offers competitive fees and a low minimum deposit, making it accessible to traders with varying budget sizes. Flexible trade duration varies from 1s to 365d.
Deriv Multipliers blend the potential gains of leveraged trading with the controlled risk associated with options. This trading type allows traders to increase their market exposure while managing risks with built-in features like stop-loss and take-profit orders. Multipliers provide a balance between high-risk trading and traditional instruments.
👍 Advantages of trading with Binary.com for traders:
•extensive experience (the company has been operating for more than 20 years) and the availability of a regulator;
•the minimum amount for replenishing and opening a bid is $5 and $1, respectively.
👎 Disadvantages of Binary.com for traders:
•online chat for support is not available on the company's website;
•no cent account;
•sometimes there are platform failures;
•there is no trust management accounts;
•sometimes there are delays in the withdrawal of funds;
•some clients have difficulties with the registration process;
•sometimes technical support takes a long time to respond.
3
Best Binary App for iOS 2024 - IqOption
The company was founded in 2013 and today is among the leaders in this genre thanks in large part to its proprietary platform. In 2017, the broker was awarded the highest award by the Communicator Awards.
👍 Advantages of trading with IqOption for traders:
•convenience from a visual narrative, the platform is user-friendly for novice traders;
•one of the highest levels of remuneration in the segment of binary options.
👎 Disadvantages of IqOption for traders:
•a limited number of timeframes in comparison with MT4, without the possibility of setting non-standard intervals;
•the online platform is heavy on your computer’s RAM;
•there is a shared offer, not all trading conditions are displayed on the website and in the personal account. You have to investigate them either through trial and error or with the help of support services;
•there is no possibility of adding additional indicators, no algorithmic trading is provided;
•delays in cash withdrawal.
4
Best Binary App for iOS 2024 - ExpertOption
Expert Option is a binary market broker that specializes in providing services such as binary options trading. The company has been actively operating since 2014, has more than 30 million clients, and the customers’ trust is the main indicator of its reliability. The broker is also verified by Visa and Mastercard, and all user information is encrypted with strict algorithms, which increases data security. In 2017, Shenzhen Expert Option won the Best Trading Platform award at the China Trading Expo.
👍 Advantages of trading with ExpertOption for traders:
•low level of the minimum deposit, from $10;
•options to trade both from personal computers and mobile devices.
👎 Disadvantages of ExpertOption for traders:
•lack of a license to provide services and a regulatory body for the broker;
•protracted verification procedure — up to 30 days;
•the company does not cater to clients from countries such as the United States, Canada, Switzerland, New Zealand, North Korea, Puerto Rico, Bangladesh, Yemen, Indonesia, Singapore, Sudan, and the European Economic Area;
•funds can be credited to the deposit within 45 days (depending on the payment system);
•there are no conditions for active trading;
•the company does not have investment programs;
•the funds of the company's clients are not protected in any way.
5
Best Binary App for iOS 2024 - Centobot
Centobot is the developer of a collection of ready-made bots (or robots) for algorithmic trading. Its robots, called “centobots” are eponymously named in honor of their creator. Bots are designed for trading with fiat currencies and cryptocurrencies on the trading platforms of four binary options brokers: IQcent, Videforex, Binarycent, and RaceOption. To begin trading with fully configured bots, the user must deposit at least $250 into his trading account, but the use of the robots is completely free. If the trader does not find a suitable option among the standard bots, he can create a bot in his Centobot user account that will make trades using customized algorithms.
👍 Advantages of trading with Centobot for traders:
•a wide range of ready-made bots for trading fiat pairs and cryptocurrencies;
•high payout percentage of up to 248% of the bet amount;
•free access to tools for creating customized robots;
•no fees for using bots of any type, even with the highest profitability;
•simple creation of a trading account and a user account;
👎 Disadvantages of Centobot for traders:
•limited range of brokers whose platforms are compatible with centobots;
•the minimum deposit amount for connecting ready-made bots is higher than that of its competitors;
•the company's website lacks educational materials on binary options trades.
Best Binary App for iOS 2024 – Security for Traders
Broker’s security and reliability are a priority factor for choosing a mobile app to trade in financial markets. TU analysts performed an analysis of the Top 5 brokers and published the results of their research below.
Pocket Option - Security for Traders
Security (Protection for Investors)
Information
Pocketoption.com is part of Infinite Trade LLC regulated by MISA (Mwali International Service Authority), license number T2023322.
Learn more about safety Pocket Options here.
👍 Advantages
- Availability of a compensation fund covering the losses of traders in case of bankruptcy of the company or force majeure situations
👎 Disadvantages
- The customers aren't protected from a negative balance
- Go through verification to deposit and withdraw funds
Binary.com - Security for Traders
Security (Protection for Investors)
Information
Several organizations act as regulators of the broker's activities, namely: Labuan Financial Services Authority (MB/18/0024), BVI Financial Services Commission (SIBA/L/18/1114), Vanuatu Financial Services Commission (303043), and Malta Financial Services Authority (IS/70156).
Thus, the company carries out financial activities following the regulations and requirements of the regulators. This means that the rights and obligations of both the broker and its clients are clearly defined. The settlement of disputes and the safety of clients' funds are also guaranteed.
👍 Advantages
- Client funds are held separately and are not available for use by the broker
- Controversial issues are resolved with the involvement of an independent arbitrator
- The rights and obligations of the client, as well as the broker are written in the Agreement
👎 Disadvantages
- Regulators do not consider claims of private traders who trade in small amounts
ExpertOption - Security for Traders
Security (Protection for Investors)
Information
On the Expert Option broker’s website, there is no information about the availability of a license or regulatory bodies that govern the company's activities. Is ExpertOption A Safe Broker?
👍 Advantages
- Many agreements which regulate the activities of the company and documents for each direction of the company's work.
👎 Disadvantages
- The broker does not have a license to provide financial services.
- Clients’ funds are not protected in any way in the event of company ruin
- No financial or exchange authority regulates ExpertOption
Centobot - Security for Traders
Security (Protection for Investors)
All brokers that support trading using centobots are unregulated companies. This means that their activities are not being monitored by financial regulators, which is bad for traders. In the event of a disagreement with the broker, it will be impossible to file a complaint with the official regulator.
The company that creates centobots is also an unlicensed market participant. None of the information on its website should be construed as investment advice, let alone a direct recommendation to use its centobots.
👍 Advantages
- High leverage
- A wide range of payment gateways
- A simple opening of a trading account
👎 Disadvantages
- No guarantees of the safety of client funds
- Brokers do not publish financial statements for past trading periods
- Disputes are resolved by the employees of the brokerage company, and not by a third (disinterested) party
Summary
In the process of choosing the Best Binary Trading App for iOS 2024, TU experts analyzed features of 5 different brokers. Now you can learn the final score given by the analysts to brokers. We evaluated all apps based on specified criteria.
| Pocket Option | Binary.com | IqOption | ExpertOption | Centobot | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
8.11 |
6.44 |
5.63 |
5.15 |
|
Execution of orders |
9.52 |
9.82 |
9.37 |
8.65 |
6.95 |
|
Investment instruments |
4.29 |
9.54 |
1.25 |
1.08 |
1.03 |
|
Withdrawal speed |
9.64 |
10 |
4.93 |
8.12 |
8.56 |
|
Customer Support work |
4.38 |
5.41 |
6.85 |
4.98 |
3.28 |
|
Variety of instruments |
6.01 |
5.12 |
10 |
2.01 |
4.52 |
|
Trading platform |
7.38 |
8.76 |
6.24 |
8.93 |
6.57 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.