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Are you a binary options investor looking for the best trading software system for your strategic approach? Are you interested in conducting a hands-on study of binary options, binary options software, and brokerage firms?
Finding them is not easy at all. The binary options industry is full of scammers, fraudsters and all-round terrible services. And there are not many excellent, reputable software out there. In this article, we have compared and reviewed the best binary options trading software for you.
See our list of the most trusted binary software here:
Software:
Availability:
Advantages:
Account:
Web, Android, iOS
- Highest return
- Fastest execution
- Signals
- 24/7 trading
- Free demo
- $ 10 min. deposit
(Risk warning: Your capital can be at risk)
Web, Android, iOS
- Bonuses
- 24/7 trading
- Social trading
- Free demo
- $ 50 min. deposit
(Risk warning: Your capital can be at risk)
Web, Desktop, Android, iOS
- Userfriendly
- Downloads
- 24/7 support
- High return
- Free demo
- $ 10 min. deposit
(Risk warning: Your capital can be at risk)
Most important facts about Binary Options software:
- A binary trading software you can use on your computer and mobile device.
- Most binary trading software supports automated trading.
- Using binary trading software from a broker is usually free.
- There are no fees for market data.
What is a Binary Options Trading Software?
To explain it clearly, binary options trading software is what allows you to trade in the binary options market. It is usually provided through a brokerage that allows you to enter a market directly from the exchange itself.
This is the only way to trade binary options, so choosing a decent platform is non-negotiable. However, not all software applications are created equal – the difference between an excellent system and a terrible binary options trading platform is quite noticeable.
Furthermore, as the binary options industry is plagued with fraudsters, you will want to choose an authorized and registered site. And if you want to be successful in binary options trading, you need to consider other elements such as analysis, educational resources and speed of execution.
Top 3 Binary Options Trading Software / Binary Options Brokers for Beginners
We have studied, analyzed, and researched many different brokers with binary software to bring you this selection of the best binary options trading software for beginners. They’re all fantastic, regulated binary options brokers, but each covers different areas, so let’s see who’s perfect for you.
See the best binary software here – You can also read our detailed reviews:
- Quotex – Best Binary Software for trading signals and availability in all countries
- Pocket Option – Best Binary Software for social trading
- IQ Option – Best Binary Software for beginners (most user-friendly)
1. Quotex – Best binary software for trading signals and availability in all countries
Quotex, a brand of Maxbit LLC, is the best binary software for signals. It was launched in 2020 and immediately gained popularity, not only because it is available in all countries, but also because of its user-friendly solutions and architecture that makes binary trading so efficient.
- They have skilled developers and analysts who work 24 hours a day, 7 days a week to ensure that the company’s clients have access to the best quality solutions.
- The company is regulated by the IFMRRC (International Financial Market Relations Regulation Centre).
- Quotex’s trading technology is highly advanced and easy to use. The user interface is web-based and designed to meet all your needs.
(Risk warning: Your capital can be at risk)
Investable assets:
Quotex allows you to deal in over 100+ trading assets easily. They are classified into different groups:
- Equities
- Commodity markets, such as gold, silver, and gas.
- Indexes such as the FTSE 100, Dow Jones, and so on.
- Currency pairs such as JPY/GBP, USD/CAD, and so on.
- Cryptocurrencies, such as BTC, ETH, and Litecoin.
Each instrument can be traded effortlessly.
Account varieties:
At Quotex you can experience a wide variety of trading account types. There are 3 types of accounts available: Regular, Professional, and Premium, as well as a Trial Account.
- Basic Account
This is the simplest account and a fantastic place to start for newbies. A $10 deposit is all that is required for this account.
- Pro Account
This is for professional traders. This account lets you earn more money and participate in extra incentives or competitions. You must deposit $1000 to qualify for the Professional account.
- Premium Account
To keep your Quotex VIP account active, deposit $5000 into your trading account. Profits and promotions will increase. This account is for experienced investors.
- Demo Account
The Quotex demo account comes with a maximum of $10,000 in virtual money, which can be topped up at any time. This account allows you to refine your trading strategies. It also serves the function of allowing demo and real accounts to use similar functionality and experience. The free demo account gives you everything you need to learn the binary options a.
Withdrawals and payments
You need to invest $10 to open a real account with the broker Quotex.
You will be eligible to make payments in the following ways:
- Visa
- MasterCard
- Bitcoins
- XRP
- Adv Cash
- Perfect Money
- Neteller
- Bank Transfer
- Skrill
- Yandex
These methods are reliable and secure, ensuring that your investment is safe.
Withdrawals follow the same process as deposits. They are also fast and reliable. Depending on the withdrawal method, it may take 1-5 days for the funds to appear in your bank account.
Advantages:
- Available in a lot of countries
- Web version, for Android and iOS
- Minimum deposit of $ 10
- Free demo account
- Trading signals
- Userfriendly
- Fast trade execution
- Minimum trade of $1
Disadvantages:
- /
(Risk warning: Your capital can be at risk)
2. Pocket Option – Best Binary Software for social trading
The second best binary options software is Pocket Option. It’s known for its rich feature set and social trading capabilities, making it easy for you to copy other traders and profit.
The platform has been in business since 2017 under the name of Gembell Ltd, which is based in the Marshall Islands. The brokerage company has gained a large number of clients since its debut.
- Pocket Option uses the MetaTrader 5 (MT5) platform, which ensures data and payment security. This broker accepts clients from all over the world and offers a great software solution for them. The platform is currently used by users from 95 different countries.
- The broker is a member of the International Financial Market Relations Regulation Centre (IFMRRC). Pocket Option is popular for its anti-money laundering policies.
- The team at Pocket Option is made up of professionals who work tirelessly to ensure that the standards of the site are excellent for its users. They are committed to gathering customer feedback and incorporating it into future products.
In addition, the Pocket Option software is constantly updated to meet the needs of users, making it an excellent choice for traders.
(Risk warning: Your capital can be at risk)
Investable assets
At Pocket Option, you can trade over 100 assets. These assets are categorized as follows:
- Currency pairs (Forex) such as EUR/USD, CAD/USD and JPY/GBP.
- Commodities such as gold, silver, oil, gas and petroleum products
- Indexes The AUS 100 OTC, the 100 GBP OTC and the SP500 OTC are all included.
- Cryptocurrencies such as Ether, BTC and Litecoin.
- Securities: Shares such as Facebook, eBay, Amazon and Apple.
Account types
Before you even sign up with a broker, it is recommended that you read through a lot of factual information and take your time to decide which account is best for you.
- Demo Account
Not all companies offer the option of a trial trading account, and many will not allow you to use it unless you join. Oftentimes, they expect you to provide them with your login details along with payments from a real account.
- Pocket Option takes a more relaxed approach, allowing you to trade with fictitious funds at the click of a button. You will immediately be taken to the page where you can trade $10,000 in fictitious money.
- The demo account allows you to fully understand the trading platform and its underlying features in a matter of seconds. As platforms differ, this is useful for professionals.
- It is also a great way for beginners to see if trading is for them before putting their money on the line.
- Real Account
If you want to trade for real, you should make a minimum deposit of $50 to get the best binary trading experience.
We recommend starting with a demo account and then upgrading to a regular account. Pocket Option offers its clients a worry-free investment option. You can start trading with as little as US$1. Once you have joined, you can trade a wide range of instruments including commodity markets, indices, stocks, and forex. You will have access to cashback incentives, social trading, educational resources, competitions, indicators, and alerts.
Withdrawals and payments
The minimum investment on Pocket Option is $50, while the maximum withdrawal is only $10. The software’s main currency is now the US dollar, so all transactions are conducted in USD.
Payments are fast and easy. In some cases it can take 1-2 business days. Withdrawals are made within 24 hours and have no time limit. However, if there are any technical problems, it may take 1-3 business days to restore the funds.
Pocket Option’s best easy and global deposit and withdrawal alternatives are as follows:
- VISA, Maestro, and Master Card credit cards.
- Cryptocurrencies like Bitcoin, Litecoin, and Ripple.
- Webmoney, Perfect Money and Skrill are examples of e-wallets.
- Money Transfers from Banks
However, because the transactions are in USD, depositing and withdrawing are free; a foreign entity (such as banks) may charge a currency exchange fee.
Advantages:
- Regulated company
- Low minimum deposit of $ 50
- MetaTrader 5 software
- Web version, Android, and iOS
- Social trading available
- No hidden fees
- Minimum trade amount $ 1
Disadvantages:
- Not available in every country
(Risk warning: Your capital can be at risk)
3. IQ Option – Best Binary Software for beginners (most user-friendly)
Third on our list is IQ Option, which is the best binary software for beginners. Founded in 2013 and based in St Vincent and the Grenadines, it is one of the largest binary options brokerages available today.
Their products and website offer all the tools you need to secure your rewards, along with a range of analysis and suggestions.
Before you go all-in, test your skills with $10,000 in virtual funds with a demo account. When you are ready, switch to the real account where you can earn up to 95% on every successful trade.
(Risk warning: Your capital can be at risk)
Investable assets
IQ Option offers a wide range of trading products. Users can trade over 90 different assets, including stocks, commodities, cryptocurrencies, forex, ETFs, and more.
- Equity markets
At IQ Option you can buy over 180 stocks. Some of the companies you can trade with are Tesla, FB, Google, Amazon and others.
- Cryptos
You can trade ZCash, Trx, Bitcoin, Ripple, Eth, Litecoin, Qtum, Ethereum and many more cryptocurrencies.
- Commodity markets
Four major commodities are available with IQ Option: Platinum, Silver, Gold and Oil.
- ETFs
Over 4000 ETFs are available at IQ Option, allowing traders to choose from a wide range of ETFs.
Account types
In addition to a demo account, IQ Option offers multiple accounts to choose from: A Normal Account and a Vip Account.
- Demo Account
Users can play with $10,000 of virtual money in an IQ Option trial account, which can be topped up as often as they like. With a demo account, you can get a better understanding of the site and its features.
If you are hesitant to invest with real money, you can always practice with a demo account to improve your trading skills. Once you have gained sufficient experience with a demo account, you can quickly switch to a live account and start trading in real time.
- Regular Account
An investment of $10 is required to start trading with a regular account. You will be introduced to a range of trading instruments as well as technical indicators and analysis. You can also earn extra money by participating in IQ Option’s weekly competitions.
- Premium Account
To use the Premium account you need to make a large deposit within a few days. This account is only available to non-European clients. A Premium account allows you to earn up to 3% bonus returns. If you have a Premium account, you’ll also be able to receive frequent updates.
Deposits and withdrawals
This trading software supports a wide range of deposit and withdrawal methods, including wire transfers, e-wallets, and credit and debit cards.
See an overview here:
- Wire transfers
- E-wallets (Neteller, Paypal, Perfect Money, Skrill, and other E-Wallets)
- Credit & debit Cards (including Visa, MasterCard, and Maestro).
E-wallet payments take less time to complete. E-wallet transactions can be completed in a day or a few hours. Payments made by bank transfer or credit and debit cards on both sides take much longer. If you withdraw by bank transfer or credit card, the process can take up to 10 days.
Advantages:
- Most user-friendly software
- Low minimum deposit of $ 10
- Minimum trade amount $ 1
- Fast trade execution
- Support 24/7
- Download for any device
Disadvantages:
- Not available in every country
(Risk warning: Your capital can be at risk)
Important considerations when choosing good binary options software
Now that we’ve compared the 3 best binary trading software, let’s take a closer look at the important considerations you need to make when choosing a reliable platform.
Regulation and licensing – ensuring safety and accountability
First and foremost, please always pay attention to the regulation and licensing of the software or its associated broker. It’s imperative. Being regulated by a recognized financial authority not only ensures accountability but also gives you peace of mind by reducing the chances of fraud.
User interface – navigating your trading journey
The user interface is the window to your trading activity. A good platform will feel intuitive and offer clear visualizations, easy-to-read charts, and straightforward order execution. Remember, sometimes seconds count in trading and you don’t want to be fumbling around.
Asset diversity – exploring diverse trading opportunities
It is also imperative to have a diverse range of assets at your disposal. A versatile platform will allow you to dabble in currencies, commodities, stocks, and indices. This diversity can be particularly useful if you’re keen to explore different markets.
Different types of trades and expiry times – ensuring variety
As you know, not all binary options trades are the same, so look out for software that supports different types of trades and expiry times. Beyond the classic high/low options, it’s beneficial if the software supports trade types such as one-touch, boundary, and ladder options. Coupled with this, consider the expiry times that the software offers. A range from fast 60-second trades to daily or even weekly expirations will give you flexibility in your strategies.
Payout rates – striving for transparency and competitiveness
Ensure that payout rates for successful trades are transparent and competitive.
The maximum payout represents the money a user will receive if their binary option is profitable. To illustrate, if you bought a binary for $10 with an 80% payout, if it went in the money, you would get your $10 back + 80% of $10, or $8, for a total of $18.
Note that huge bonuses are out there – some as high as 900%. However, most are extremely dangerous or a gimmick to attract new traders. In general, the easiest way to determine whether a platform’s rewards are reasonable is to compare them with those of its competitors.
Mobile Trading – Trade binary options on the go
In today’s fast-paced digital era, you might want to execute a trade while sipping coffee at a cafe or waiting for a friend. That’s where mobile trading capabilities come in. A mobile app or a mobile-responsive platform can be invaluable.
Demo accounts – practicing without risk
If you’re new to the world of Binary Options or want to test out a strategy, platforms offering a demo account are golden. This allows you to get a feel for the platform and practice trading without the risk of losing real money.
Customer Support – a critical pillar of your trading experience
Whether you are experiencing technical difficulties or need clarification on a feature, timely, high-quality support can make all the difference.
Never underestimate the importance of customer service. While we would all like to think that we will never need to contact customer service, the truth is that we will. A quick, useful response can prevent a minor problem from escalating into a major one, and can go a long way towards easing your emotions in an otherwise tense scenario.
When evaluating a platform’s customer service, consider how to contact them, when they are available, and whether or not they provide support in multiple dialects. If possible, contact customer support before subscribing to a particular platform. This will give you first-hand experience of how the company will deal with your problems.
(Risk warning: Your capital can be at risk)
Security – protecting your money and personal information
On the subject of safety, your funds and data should be under the protection of high-end encryption and stringent security protocols.
Technical analysis tools and social trading – equipping yourself for informed decisions
Many traders swear by technical analysis tools. If you’re among them, look for platforms that provide indicators, charts, and drawing tools. Meanwhile, if you’re someone who believes in the wisdom of crowds, platforms with social trading features can be appealing.
Transparency in fees and commissions – avoiding hidden costs
One cannot stress enough the importance of transparency, especially when it comes to fees and commissions. It’s always wise to be aware of all associated costs with your chosen platform.
Low initial deposit – ensuring modest trading costs
For all trading accounts, initial deposits should remain modest. It is a dead giveaway if you stumble upon a company that asks for thousands of dollars.
The fact that a brokerage may be accessible to you does not necessarily mean that you will be able to use it. If you can register and open an account but do not have sufficient funds to fund it, you are back to square one.
(Risk warning: Your capital can be at risk)
Educational resources – supporting learning and improvement
Finally, for those keen to learn and improve, platforms that generously offer educational resources, whether in the form of webinars, articles or tutorials, are a boon.
Binary options may seem simple at first glance, but in order to consistently protect your profits, you need to have a fairly extensive knowledge base and a keen understanding of market conditions. You need two things to do this: study and education.
The less important of the two is educational material. Even if a website does not provide a lot of educational content, you can still discover legitimate sources online. Having everything at your fingertips is a great advantage. On the other hand, analysis, which includes binary options market analysis, charting tools, trading suggestions, trend research and expert advice, is a wide-ranging topic.
How to download Binary Options Trading software
Binary software is available for any device. To download the software from your personal broker, you have to do certain steps.
If you want to download the software for Android devices, just go to the Play Store and search for your broker. In addition, you can go to your broker’s website and see the download buttons. A similar way to proceed is for iOS devices.
Some brokers like IQ Option are offering binary options software for downloading on your computer. It also runs on windows and MAC. You can download it from the official homepage (see the screenshot above).
(Risk warning: Your capital can be at risk)
Automated Binary Option trading software
If you’re familiar with Binary Options, you’d know it’s a type of financial trading where you predict the direction of an asset’s price movement within a set timeframe. Now, imagine having a software doing that prediction and trading on your behalf; that’s where automated software for trading binary options comes into play.
Firstly, if you’re contemplating using automated software, it’s crucial to recognize the importance of regulation and licensing. Just as you would with traditional trading software, you’d want to ensure that the software or the broker it’s affiliated with is overseen by a recognized financial authority. This isn’t just a matter of formality; it’s about ensuring that you’re protected from potential fraud and unscrupulous activities.
While the allure of automated trading is strong, you may wonder about the user experience. After all, if the software is doing most of the work, does the interface matter? The answer is an emphatic yes. Even automated platforms should have a user-friendly and intuitive interface. This will ensure that you can easily monitor what the software is doing and make adjustments if necessary.
When researching different software options, pay close attention to the range of assets they offer for trading. A diverse range gives you more options, from currencies and commodities to stocks and indices. It’s also beneficial if the software supports different types of trades, going beyond the classic high/low binary options to others such as one-touch or ladder options.
While it may seem that the software can do everything, remember that it works based on the parameters you set. This is why online trading platforms that offer technical analysis tools can be incredibly helpful. Indicators, charts, and drawing tools can help you decide which parameters to set, even if you’re not making the trades manually.
Speaking of setting parameters, consider binary trading platforms that offer a demo account. This allows you to test trading strategies and get a feel for the software without putting real money at risk. As you know, nothing beats hands-on experience and a demo trading account offers just that, risk-free. On a demo account, you can keep track of all important risk management parameters and improve your trading-style.
Automated trading can be a game changer, but it’s important to maintain an element of control. So always choose a binary options trading platform that provides clear information about potential payouts and transparent fees. You don’t want any nasty surprises down the line.
Red flags in binary software
We recommend that you look out for certain red flags in binary software.
Unfortunately, many brokers make false promises or use scams to get you to hand over your money. Always check the reputation of any software provider. If you notice that a company has a conspicuously high number of bad reviews online, this is a red flag.
We also recommend that you choose a provider that has short withdrawal cycles. After all, you don’t want to wait weeks for your money if you’ve made a profit. If the withdrawal period is longer than three days, this is also a red flag and a clear sign that you should choose another alternative.
The software provider’s support team should always be available to answer your questions. If you find that the support team takes an unnecessarily long time to respond or does not answer your questions adequately, you may want to stay away from these companies. However, the providers listed here have all been carefully tested by us, so you can’t go far wrong with them.
Conclusion: Quotex is the best binary options software, but there are also great alternatives
Finally, we have made it to the conclusion, and perhaps by now, you have a better understanding of how critical the use of trading software is now in the fast-paced industry of binary options. This is among the few times when you can genuinely gain an advantage, so seize it.
In our comparison, Quotex is by far the best trading software for Binary Options. But you can also use alternatives. For example, Pocket Option, and Deriv offer very user-friendly interfaces and software.
In conclusion, you have to decide which software fits you the best. So open a free Binary Options demo account and start downloading the software:
- Quotex – Best Binary Software for signals and availability in all countries
- Pocket Option – Best Binary Software for social trading
- IQ Option – Best Binary Software for beginners (most user-friendly)
(Risk warning: Your capital can be at risk)
Some Frequently Asked Questions (FAQs) about software for trading binary options:
Is a binary options trading software free?
Yes, binary options trading software is usually provided free of charge by the broker. You can download and use it at any time. From our research, there are no additional costs. The broker makes money from trading commissions and provides the software free of charge to its traders.
On which devices can I use binary options trading software?
A binary options trading software is available for every device. Download it for your computer (PC), Android devices or iOS devices.
Is binary options software safe and secure?
Yes, binary options trading software is safe if you use a regulated broker. We do not recommend using an unregistered broker to trade binary options. Be careful where you sign up. The track record of the company is also important. If you use a well regulated and well known broker, it is very safe to use a binary options software.
What is the best binary options trading software?
After our thorough testing, the binary options trading software from Quotex, Pocket Option and IQ Option emerged as the best. We recommend Quotex for its excellent user experience.
