Forex Brokers that Provide Mobile Trading Apps
For many years, forex traders were forced to sit in front of their desktop computers. However, much like many other industries, the forex trading market has offered the convenience of trading on mobile devices, such as smartphones and tablets. Mobile trading will ease your trading activity in around of full schedule, either with work, family or social commitments, whose taking up a large part of your time. Instead of using your mobile device for shopping, keeping a calendar, or chatting with your friends, you can now use it to trade Forex through a mobile Forex app.
Below you will find some forex brokers that have developed their mobile trading platforms for clients.
Scroll for more details
Features Comparation in Mobile Trading
To obtain the right mobile trading broker, you need to know the features offered, such as whether it is compatible with your operating system, what tools are available, and so on. Below, BrokerXplorer presents a table comparing the features of 5 leading brokers: IC Markets, Admirals, XM, Tickmill and OctaFX.
Please note that this information is subject to change and it is always recommended to visit the respective brokers' websites for the most up-to-date information on their features and compatibility.
Scroll for more details
| Broker | Android App | Apple iOS App | Mobile Alerts - Basic Fields | Watchlists - Total Fields | Watchlist Syncing | Charting - Indicators / Studies (Total) | Charting - Drawing Tools (Total) | Mobile Charting - Draw Trendlines | Mobile Charting - Multiple Time Frames | Economic Calendar |
|---|---|---|---|---|---|---|---|---|---|---|
|
Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
|
Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
|
Yes | Yes | Yes | 7 | Yes | 30 | 15 | Yes | Yes | Yes |
|
Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
|
Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
Can mobile trading offer the same opportunity as PC trading?
Unfortunately, some mobile trading apps limit trading instruments' availability on their platform. It can be an issue for traders who wish to reach a broader range of markets. Computer or website trading would be a better solution for this type of trader. But, since that would limit their mobility, they must choose which one they want to sacrifice.
Continue Reading at Pros and Cons of Mobile Trading for Beginners
Does mobile trading help your analysis?
Yes, it does. Brokers with mobile trading features usually equip their apps with the best features to help traders analyze the market. Some of the most helpful trading app features are the historical charts and their analytical tools. These features can help traders look at previous data and predict the price's next direction directly from their mobile screens. The best part is that the features are mostly designed to be user-friendly.
Continue Reading at Pros and Cons of Mobile Trading for Beginners
Why is mobile trading notification crucial for forex traders?
The market is very busy, so it is no wonder anything important can happen anytime. This might lead the market in a different direction than what the traders expected. With desktop trading, traders must take the time to open their computers or laptops to check their positions. It can be a hassle when the situation doesn't allow them to do that. Luckily, most mobile trading apps are equipped with notifications to ensure traders get the latest news about their positions or the instruments they trade just with a simple click.
Continue Reading at Pros and Cons of Mobile Trading for Beginners
How can internet connection become a problem in mobile trading?
Like desktop trading, mobile trading also requires an internet connection to ensure traders can access their accounts. For traders who run their activities using home computers, this might not be a problem since most houses are connected to WiFi nowadays. But, the case might differ for those who trade outside their home. The solution is to connect their smartphone or tablet to WiFi, which is available in most public areas. Unfortunately, not all of this WiFi can be reliable. Checking price charts or executing positions might be slow and not accommodating. If this is the case, a trader might lose their positions due to connectivity issues.
Continue Reading at Pros and Cons of Mobile Trading for Beginners
Broker Categories
Minimun Deposit
Payment
License
Country
Established
Instruments Traded
Features
