Binary options are one of the most popular instruments. Their simplicity and an opportunity to earn up to 95% of the bid amount incity great interest among traders. Before you start trading, it is important that you chose the right broker. Another important criterion is the choice of a mobile app. Traders Union analysts have prepared a rating of the Best Binary Trading Apps in Malaysia. You will learn which brokers offers the best, most functional and user-friendly apps.
Brokers With the Best Binary Trading Apps by TU include the following:
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
IQcent is suitable for traders who are ready to trade CFDs and binary options through the broker’s proprietary terminal. IQcent's trading conditions are suitable for both beginners and experienced traders, who can access more than 100 trading instruments through the broker's terminal.
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.
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 Apps in Malaysia in 2024
| Pocket Option | IQcent | Binary.com | IqOption | Binomo | |
|---|---|---|---|---|---|
|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile platforms |
WebTrader, Mobile |
IQ Option |
Browser platform |
|
Min deposit |
$5 |
$20 |
$5 |
$10 |
$10 |
|
Trading instruments |
currency |
currency pairs / CFD, Commodities, Options, Crypto, Currencies, Stocks |
indexes, Forex, goods, stock, random index |
Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
indexes, stock, currency pairs / CFD, goods |
|
Signals |
No |
Yes |
No |
No |
Yes |
|
Analytical support |
No |
Yes |
Yes |
Yes |
Yes |
|
Training |
No |
Yes |
Yes |
Yes |
Yes |
|
Additional tools |
Yes |
Yes |
Yes |
Yes |
Yes |
Mobile apps are increasingly used for trading. These services allow you to trade from your mobile device: a smartphone or a tablet PC. The apps are optimized for a particular trading platform. As a rule, these services run better that the web versions of the trading platforms.
You can trade anywhere using a mobile app. For example, you can trade binary options on an app while commuting or traveling, or at a place where you don’t have access to a PC. Furthermore, the apps are often better adapted compared to the browser version, which makes access to many features easier.
1
Best Binary Trading Apps in Malaysia – 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, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option:
•low threshold for entering the market; the first deposit starts at $5;
•social trading platform generates passive income.
👎 Disadvantages of Pocket Option:
•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.
Pocket Option Commissions & Fees for traders from Malaysia
Trading fees is one of the important factors for choosing a mobile app. The lower the fees, the more profitable the trading. Therefore, when evaluating binary brokers with the best mobile apps, this criterion needs to be taken into consideration.
Pocket Option Commissions and Fees in Malaysia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Novice trader |
No |
Yes, when withdrawal with Perfect Money |
|
Beginner |
No |
Yes, when withdrawal with Perfect Money |
|
Experienced |
No |
Yes, when withdrawal with Perfect Money |
|
Master |
No |
Yes, when withdrawal with Perfect Money |
|
Professional |
No |
Yes, when withdrawal with Perfect Money |
|
Expert |
No |
Yes, when withdrawal with Perfect Money |
|
MT5 Forex |
From 1.1 pips |
Yes, when withdrawal with Perfect Money |
2
Best Binary Trading Apps in Malaysia – IQcent
IQcent is a Marshall Islands-registered broker that offers access to online CFD and binary options trading. The company accrues many bonuses to customers and allows you to use electronic payment systems for depositing and withdrawing funds. IQcent offers a proprietary terminal with built-in technical analysis tools that support standalone and copy trading. The company also has a trading platform for mobile devices (mobile app). IQcent clients get trading access to the following instruments: binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies. In total, more than 100 trading instruments are available to IQcent clients. The company does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, and maintaining a trading account. IQcent provides clients with access to primary training articles and guides and uses modern technologies to ensure the safety of client funds and users' personal data. 256-bit SSL encryption, 3D Secure, and Visa MasterCard Secure Code are used to achieve these goals.
👍 Advantages of trading with IQcent:
•The available minimum deposit is $20 on a Bronze account.
•A simple but functional web trading terminal that does not require installation and is compatible with most devices.
•Regular update of bonus programs.
•The ability to receive additional income for attracting new customers.
•Access to trade in more than 100 financial instruments, including currency pairs, cryptocurrencies, stock indices, gold, and silver.
•Availability of useful tools such as technical and fundamental analysis tools, a section with current news, and an economic calendar.
•The support team, including online chat operators, is available 24/7.
•Regulation IFMRRC.
👎 Disadvantages of IQcent:
•IQcent does not provide MetaTrader terminals.
IQcent Commissions & Fees for traders from Malaysia
Trading fees is one of the important factors for choosing a mobile app. The lower the fees, the more profitable the trading. Therefore, when evaluating binary brokers with the best mobile apps, this criterion needs to be taken into consideration.
IQcent Commissions and Fees in Malaysia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Bronze |
From $7 |
Yes, for bank transfers |
|
Silver |
From $7 |
Yes, for bank transfers |
|
Gold |
From $7 |
Yes, for bank transfers |
|
VIP |
From $7 |
Yes, for bank transfers |
3
Best Binary Trading Apps in Malaysia – 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:
•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:
•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.
Binary.com Commissions & Fees for traders from Malaysia
Trading fees is one of the important factors for choosing a mobile app. The lower the fees, the more profitable the trading. Therefore, when evaluating binary brokers with the best mobile apps, this criterion needs to be taken into consideration.
Binary.com Commissions and Fees in Malaysia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Demo |
From $0 |
No |
|
Standard |
From $0 |
No |
4
Best Binary Trading Apps in Malaysia – 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:
•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:
•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.
IqOption Commissions & Fees for traders from Malaysia
Trading fees is one of the important factors for choosing a mobile app. The lower the fees, the more profitable the trading. Therefore, when evaluating binary brokers with the best mobile apps, this criterion needs to be taken into consideration.
IqOption Commissions and Fees in Malaysia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
General account |
From $1 |
Yes |
5
Best Binary Trading Apps in Malaysia – 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:
•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:
•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.
Binomo Commissions & Fees for traders from Malaysia
Trading fees is one of the important factors for choosing a mobile app. The lower the fees, the more profitable the trading. Therefore, when evaluating binary brokers with the best mobile apps, this criterion needs to be taken into consideration.
Binomo Commissions and Fees in Malaysia
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $2 |
No |
|
Gold |
From $0 |
No |
|
VIP |
From $0 |
No |
How to Choose The Best Binary Trading App?
Before you start working with a mobile app, it is important that you assess it. When choosing a mobile app to trade binary options, you need to assess it based on 5 key criteria, including the following:
Availability of a version for your operating system. The broker must offer the app for your operating system: Android or iOS. It is an additional advantage, if the broker offers separate apps for smartphones and tablets.
Interface. Interface is an individual thing that a user may like or not. Therefore, it is important to select the app that is the most convenient personally for you.
Functionality. The app must have the same set of features as the web version. The same instruments, deposit and withdrawal options and analytical materials must be available on it. Availability of additional features, for example a demo account, is an additional plus.
Instruments of technical analysis. The more instruments for technical analysis is offered on the app the better. Technical analysis is extremely important in the app, because you can use it to make the best decisions regarding your positions.
Stability of operation. It is important to make sure that the app operates smoothly, with no requotes, or issues with sudden failures of the app.
All these factors are extremely important for choosing a mobile app. Before you start working, we recommend that you test the app. You can use a demo account or fund your account for the minimum amount and test trading on it.
Conclusions
Mobile apps are an important element of comfortable binary options trading. In this article, Traders Union chose the best brokers with the highest quality, most reliable and functional mobile apps. This software has proven its worth among traders in Malaysia, received the best reviews, and the selected brokers also offer the best trading conditions. The choice is individual, but it is recommended to work only with reputable brokers and use only trustworthy apps.
Best Binary Trading Apps in 2024 for Malaysia traders
| Pocket Option | IQcent | Binary.com | IqOption | Binomo | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
6.75 |
8.11 |
6.44 |
5.34 |
|
Execution of orders |
9.52 |
9.21 |
9.82 |
9.37 |
9.92 |
|
Investment instruments |
4.29 |
1.54 |
9.54 |
1.25 |
1.25 |
|
Withdrawal speed |
9.64 |
7.24 |
10 |
4.93 |
7.35 |
|
Customer Support work |
4.38 |
8.46 |
5.41 |
6.85 |
4.72 |
|
Variety of instruments |
6.01 |
8.86 |
5.12 |
10 |
2.58 |
|
Trading platform |
7.38 |
5.19 |
8.76 |
6.24 |
6.24 |
FAQ
How can I install a binary trading app?
To install an app, you need to download it from the App Store (iOS) or Google Play (Android). If you need the Android app, you can also download it from a direct link the broker may provide. The app will be installed automatically.
Can an app be customized?
As a rule, brokers offer the customization option for their apps.
Are mobile apps of binary options brokers updated?
Yes, most brokers update their apps, adding new features to them.
Is a demo account available on mobile apps?
Many binary options brokers add a demo account feature to their mobile apps.
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.