Binary options have been around since 2008 and the interest in this online trading venture has not ceased since.
There are many reasons for that.
From the fact that this way of trading is far less complex than traditional manner of financial trading to it being much more affordable with the average minimum deposit being $250.
However, those who decide to trade binaries have a wide choice when it comes to various trading tools and features, as well as trade options, underlying assets and strategies. It is one of the trading tools that is the focus of this article – mobile application in binary options industry.
Here, prospective South African traders will be able to find out more about the benefits of binary trading and, more specifically mobile trading.
Why is Binary Options Mobile Trading Popular?
Binary options are an online based manner of trading and as such is heavily reliant on technology. This also means that changes are constantly being made with the advancement and progression happening in the world of IT.
By analogy, this makes binary options trading available to a huge number of people who wish to participate in the financial trading. The catch is that one needn’t be a trading expert with years of experience to participate and be successful.
The most important step is, of course, selecting an established binary broker with plenty of trading tools and feature, the mobile application included. It has to be said that this initial step of finding the right broker is not a mere walk in the woods, especially considering the fact that nowadays there are more than 500 brokers available.
But, in adopting the smart approach and use broker review sites like Tradingbinaryoptions.co.za and read detailed info about brokers. There are a few things to consider aside from the wide choice of tools and features as well as underlying assets, like regulation, clearly state terms and conditions.
However, what most traders today also look for in terms of must-have is the mobile trading app.
Considering the fast pace of life, being registered with a broker who provides an efficient mobile trading app is very important as it allows traders almost unlimited freedom. In fact, if interested South African traders find a binary broker who can provide both a mobile trading app and demo account they will have two powerful trading tools at their disposal.
With mobile app they have unlimited freedom to trade no matter their location while demo allows them to practice in a risk-free zone. The demo has virtual funds so there is no fear of losing funds. Instead, newbie traders get to focus on learning as much as possible about the trading process and all it includes.
How to Use Binary Options Mobile App in South Africa?
The introduction of the use of binary options mobile app in South Africa and around the world has made a big impact on the trading process. For this reason most of the established brokers like IQ Option, 24option, Opteck and StockPair provide this handy trading tool as a part of their services.
With the amazing technology available today mobile trading app is just as efficient and secure as the desktop version of the trading platform with a notable difference – South Africans are not condemned to trade just from their PC or laptops.
This is the element of freedom we mentioned earlier as traders can trade on the go without any limitations or disruptions to other daily activities. With the majority of brokers who offer mobile application in binary options industry both iOS and Android devices are able to run it which makes it even handier to use.
Also, with most brokers, the mobile trading app provides the same trading instruments and features as can be found on the regular trading platform. Meaning, the same number of underlying assets are available to South African traders as well as same tools and features.
However, to make sure this is so, it is always advisable to contact the broker’s customer support and ask more questions about the mobile trading app.
Another very important thing that all traders should check and confirm with the customer support is the efficient protection of the mobile app. By that, we mean that the proper security measures need to be in place so that traders may enjoy the trading process without worrying about the security of their information.
Further benefits of using the mobile trading app include the simple fact that traders can constantly follow latest market news and take advantage of changes which could bring in lucrative profits. In fact, with the continual monitoring of the market circumstances it does become easier to predict what is likely to happen with the price of the underlying assets.
Free Mobile App
Finally, another advantage of the mobile application in binary options industry is the fact that South Africans get to use it for free. Once they select a broker, register and make a deposit they can get the free mobile app and download it from either Google play or App Store, depending on the device they are using.
In using the free mobile app, binary options traders are using the best of what modern technology has to offer and in doing so are also increasing their chances of having a more profitable trading experience.