Many traders in the World use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Binary Trading App in the World for 2024, based on our assessments.
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.
QUOTEX is a non-regulated binary option broker, which offers a proprietary trading platform, does not charge additional commission and allows you to start trading with a minimum investment amount.
Binarycent broker accommodates trading in binary options and is focused on cooperation with professionals, as evidenced by the high level of the minimum deposit and the lack of training materials.
Binomo is a broker for those who treasure quality and reliability. The impressive range of trading instruments is an advantage. Binomo is a proper broker for both novice and professionals traders who work on a PC or prefer to trade on a mobile device.
Best Binary Trading App in the World for 2024
| Pocket Option | Binary.com | QUOTEX | Binarycent | Binomo | |
|---|---|---|---|---|---|
|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile |
Mobile MT4, Web platform, Browser platform |
Webterminal |
Browser platform |
|
Min deposit |
$5 |
$5 |
$10 |
$250 |
$10 |
|
Trading instruments |
currency |
indexes, Forex, goods, stock, random index |
currency pairs / CFD, indices, Cryptocurrencies, Commodities |
currency |
indexes, stock, currency pairs / CFD, goods |
|
Signals |
No |
No |
No |
No |
Yes |
|
Analytical support |
No |
Yes |
No |
No |
Yes |
|
Training |
No |
Yes |
No |
No |
Yes |
|
Additional tools |
Yes |
Yes |
No |
Yes |
Yes |
1
Best Binary Apps in the World - 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 in the World:
•low threshold for entering the market; the first deposit starts at $5;
•social trading platform generates passive income.
👎 Disadvantages of Pocket Option for traders in the World:
•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 Apps in the World - 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 in the World:
•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 in the World:
•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 Apps in the World - QUOTEX
Quotex is a well-regarded binary options broker for trading currencies, commodities, cryptocurrencies, and indices. Investors can profit up to 90% on successful trades.
The proprietary web-based trading platform is user-friendly and tailored specifically for binary options trading. Additionally, Quotex's mobile app has gained significant popularity among users, with over 1 million downloads.
One of the advantages of trading with Quotex is the low minimum investment per trade, starting at just $1. The broker does not impose any trading commissions or fees for deposits and withdrawals, making it an affordable option for traders. The broker also offers 24/7 multilingual customer support and valuable features like trading signals, technical indicators, and risk-free trades.
👍 Advantages of trading with QUOTEX for traders in the World:
•Affordable minimum investment amount – USD 10;
•No trading fees and no deposit, withdrawal and account fees;
•Simple and user-friendly trading platform designed for binary option trading.
👎 Disadvantages of QUOTEX for traders in the World:
•Leveraged trading is not available;
•No license of an international regulator;
•There is no quality education and instruments for analysis on the website;
•You cannot withdraw the deposit bonus;
•Shares are not included in the available trading instruments.
4
Best Binary Apps in the World - Binarycent
Binarycent is a broker that has been operating since 2015 and is focused on traders who prefer binary options trading. You are offered three types of accounts and the opportunity to test the trading conditions of the broker on a demo account. During its years of service, the broker was awarded the Best Broker 2015 award, according to Fair Binary Options.
👍 Advantages of trading with Binarycent for traders in the World:
•quick and easy registration procedure;
•quick withdrawal of funds in any convenient way.
👎 Disadvantages of Binarycent for traders in the World:
•the broker's activity isn’t licensed or regulated;
•no training materials;
•high level of minimum deposit;
•the trader shall verify the account to carry out transactions;
5
Best Binary Apps in the World - Binomo
Binomo is one of the top volatile arbitrage websites. It also includes broker and related services, like training, analytics, and client support. This high-tech service allows clients to objectively assess the real market situation and deduce the level of risk. Binomo is regulated by the Financial Commission, an independent organization on dispute settlement that specializes in financial markets. Since 2018, the broker has been a member of the “A” category of the International Financial Commission. This is a guarantee of quality, reliability, safety, and protection of the trader.
👍 Advantages of trading with Binomo for traders in the World:
•the trading platform is high level and has a wide range of assets;
•quotes from the best leading news agencies;
•the analytical procurement is excellent.
👎 Disadvantages of Binomo for traders in the World:
•high minimum deposit in comparison with its competitors;
•no investment programs;
•no cent accounts;
•the website is not informative enough;
•although, the platform is very functional enough, it takes some time getting used to;
•the verification procedure, which is necessary to withdraw funds, it is rather complicated, but only during its first processing;
•few options for affiliate programs.
Best Binary Trading App in the World 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
Pocket Option - Education for Investors
Investment Education Online
Information
There is a "Training" section on the Pocket Option website, but it is not informative enough. Find more information in the "FAQs" sub-section of the "Help" section. There is practically no information about Forex trading.
The broker allows opening a demo account, which allows you to improve on your trading skills without financial risks.
Binary.com - Education for Investors
Investment Education Online
Information
The Binary website has an educational section where you can get the information you need to trade options, currency pairs, and futures contracts, as well as metals successfully.
To use in practice the knowledge that the trader received on the Binary website, the experts of the brokerage company recommend opening a demo account. Training on a free practice account will give novice traders the experience and skills to trade on a real account.
QUOTEX - Education for Investors
Investment Education Online
QUOTEX is not involved in providing education in the area of digital option trading. Its website does not feature educational articles and video tutorials, which can help novice traders learn about the new type of activity. The FAQ section provides the overall idea about options.
The broker has demo accounts, where you can practice and test your knowledge without any financial risk.
Binarycent - Education for Investors
Investment Education Online
Information
The Binarycent broker affords traders with access to an online platform and trading tools, but there are no materials to help a novice trader to understand trading or for a professional to improve their skills. The only way to maximize knowledge is a live video chat with a manager, which is available for all types of accounts, or video tutorials available to registered users.
We recommend using a free demo account first to verify your current level of knowledge and broker’s trading conditions.
Binomo - Education for Investors
Investment Education Online
Information
Binomo is scrupulous about training, and the proof of this is the well-implemented training section. It includes detailed video tutorials, a glossary of terms, and an explanation of concepts. The broker provides information on the basics of analytics and trading strategies. The company also carries out webinars.
It is recommended to use a demo account to verify the knowledge gained and test trading strategies, as well as to learn more about the Binomo terminal. You can safely start trading on the real market after training on the demo account. There is a special analytical section with an economic calendar, news, and market overview that is built into the trading platform to support traders.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in the World choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Binary Trading App in the World 2024.
| Pocket Option | Binary.com | QUOTEX | Binarycent | Binomo | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
8.11 |
7.55 |
5.49 |
5.34 |
|
Execution of orders |
9.52 |
9.82 |
9.78 |
7.97 |
9.92 |
|
Investment instruments |
4.29 |
9.54 |
4.32 |
1.29 |
1.25 |
|
Withdrawal speed |
9.64 |
10 |
9.25 |
4.97 |
7.35 |
|
Customer Support work |
4.38 |
5.41 |
5.26 |
6.77 |
4.72 |
|
Variety of instruments |
6.01 |
5.12 |
8.21 |
8.73 |
2.58 |
|
Trading platform |
7.38 |
8.76 |
8.45 |
3.21 |
6.24 |
|
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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.
Do I need to pay for downloading the app?
Brokers do not charge a fee for downloading their mobile app. They are provided for free.
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.