Before you start this post, it is good to remember our position on these applications. In our opinion, all applications in this segment are like online roulette or a Fortune Tiger Slot. It is impossible to live with only this type of activity. Moreover, these applications should be used only for entertainment and never as a form of investment, extra income, or money-making activity. Given the warning, let's proceed to the article.
How did binary options apps come about?
Binary options applications have emerged as an evolution of online trading, following the growth of technology and accessibility to the financial market. Here is a summary of their trajectory:
1. Origin of binary options
Binary options began to be formally negotiated in 2008 when the US Securities Commission (SEC) approved this modality on the Chicago Stock Exchange (CBOE).
Initially, they were operated only by large institutional investors.
2. Popularization on the Internet
With the advancement of the Internet and the emergence of online brokerages, binary options were offered to the general public.
Companies like IQ Option, Binary.com, and Olymp Trade have begun to develop simplified platforms for individual traders.
3. Mobile application growth
The growth of smartphones and financial apps (such as Metatrader and forex apps) has boosted brokerages to create specific binary options applications.
The first big app was IQ Option, which released its mobile version around 2013-2014.
Over time, more platforms have entered the market, such as Pocket Option, Quotex, and Expert Option.
4. Regulation and controversies
Due to their speculative nature, binary options have been banned in some countries, such as the European Union and the US.
Some brokerages began to operate without regulation, increasing the risk of fraud.
Today, many applications are regulated by smaller institutions, such as FINACOM (International Financial Commission), but still face restrictions in various countries.
5. Currentity and evolution
Some platforms have begun to add forex trading, cryptocurrencies, and CFDs, expanding their features.
The advance of artificial intelligence and trading bots also influenced the industry, allowing automation in binary trading.
Currently, binary options applications remain popular, but it is essential to choose secure and regulated platforms. Have you tested any of them? 🚀
Ok. Now that you know a little about the emergence of these apps we will know the best of them (or could we say: the least worst? Haha this is up to you)
1. Pocket Option
✅ Friendly interface and low minimum deposits
✅ Welcome bonuses and various payment options
✅ Playstore Evaluation: 3.8
2. Quotex
✅ Modern platform with rapid execution of orders
✅ Support to different assets, including cryptocurrencies
✅ Playstore Evaluation: 2.9
3. IQ Option
✅ Popular and easy-to-use platform
✅ offers a free demo account
✅ Playstore Evaluation: 4.1
4. Olymp Trade
✅ Regulated by FINACOM (International Financial Commission)
✅ Educational resources for beginner traders
✅ Playstore Evaluation: 4.1
5. Binomo
✅ Intuitive interface and ideal for beginners
✅ Demo account to test strategies
✅ Playstore Evaluation: 4.2
6. Deriv (binary.com)
✅ Reliable and old platform on the market
✅ Multiple analysis tools
✅ Playstore Evaluation: 3.3
7. Expert Option
✅ Rapid execution of orders
✅ Free demo account and 24/7 support
✅ Playstore Evaluation: 4.5
8. Trade W
✅ Accepts customers from various countries
✅ Free demo account
✅ Playstore Evaluation: 4.5
9. Binarium
✅ Fast withdrawal processing
✅ Simple and easy-to-operate platform
✅ Playstore Evaluation: 2.7
10. Pocketfx
✅ Mix binary options with forex trading
✅ Customizable interface
✅ PlayStore Evaluation: No
11. Arara Trade
✅ It can be a good option for those looking for new platform
✅ Friendly interface
✅ Playstore Evaluation: 4.0
12. Tuca Trade
✅ Good for those who want a recent platform
✅ Easy to use
✅ Playstore Evaluation: 3.8
13. Exnova
✅ Good for beginners
✅ Practicality in use
✅ Playstore Evaluation: 4.4
⚠️ ATTENTION: Before investing in binary options, remember that they are highly risky and many platforms are not regulated. Always research the reputation and regulations of the app before using it.
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