Binary option brokers are increasingly adapting their high-tech trading platforms for traders to use Android mobile devices. The principal reason for this is the huge demand by a large number of traders to be able to monitor their positions as well as actively trade whilst on the move and away from the traditional desk-based trading environment. Current statistics point out that almost half of new traders are demanding that mobile trading is made available for binary options brokers for Android and IOS devices. Given this demand, many brokers in United States are investing in technology to replicate their trading platforms on mobile devices.
This has resulted in a large number of leading brokers offering, free of charge, for traders to download and trade through their mobile devices. Using computer, a trader now has access to fairly advanced charting, instant binary options trading and complete control of finances within a trading account. As the most widely-used mobile device, Android phones offer some of the most advanced, as well as the most widespread, binary options trading apps currently available. With all of the large binary options brokers providing an Android app, the reality of being able to make profits whilst attached to either a Wi-Fi or mobile network has become a reality for many traders. This has also been boosted by the fact that binary options is considered as much easier than traditional forms of trading with the decision process reduced to a simple ‘higher’ or ‘lower’ trade.
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Why has binary options trading become popular with Android?
With many Android mobile devices dominating the industry, the advancements in technology has arguably been greater for these devices in recent years. Whether using a mobile phone or tablet, the binary options brokers for Android who have made the move to providing mobile trading have often opted to first release their apps for Android devices. The huge success of mobile trading has translated in to higher quality apps which has resulted in intense competition between binary options brokers to produce market-leading mobile trading solutions. All of this has been very positive for binary options traders with applications becoming faster, increasing in their responsiveness and providing credible visual trading aids such as technical charting.
The advantages of trading binary options using an android device are not only limited to the fact that it is an operating system which can be used by a large number of devices. Unlike Androids rival the iPhone, its reach can spread to a larger number of phone users and therefore a larger number of potential traders. Also unlike the iPhone, TradingBrokerz.com feel that Android devices have access to a greater amount of external software, such as Flash, which can be essential for some trading platforms to function properly and live streaming services. It is perhaps easy to see why some binary options brokers have chosen to first introduce their trading apps through the Google marketplace before developing compatible iPhone apps.
Which binary options brokers for Android are the best?
At TradingBrokerz.com we believe that there are a number of leading binary options brokers for Android who have successfully managed to convert their web-based trading platform in to a truly mobile trading experience. These include the 24option trading platform which is available to download through the website or the Android Market. The outstanding features of binary options brokers such as this are the combination of fast and highly responsive trading with additional benefits to mobile traders such as advanced charting. Additionally, one of the foremost binary option brokers, Banc De Binary, have also invested significantly in producing a very high-quality Android app.
Android mobile phone and tablet options for traders
All decent brokers in United States offer their trading apps free of charge and provide instant access to a vest range of stock, currency and commodity pairs. For binary options traders who are truly mobile, these offer a good solution to keep on top of current positions as well as looking for new opportunities to trade without the restrictions of requiring a fixed location. For those looking to trade more flexibly, using a tablet or similar mobile device, the quality of the app will be more important as a larger screen and higher resolution make those binary options brokers for Android offering high-quality mobile solutions really stand out from the crowd.