Mobile Based Brokers
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.
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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.
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| 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 |
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Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
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Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
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Yes | Yes | Yes | 7 | Yes | 30 | 15 | Yes | Yes | Yes |
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Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
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Yes | Yes | Yes | 7 | No | 30 | 15 | Yes | Yes | Yes |
Why are mobile trading features important for forex traders?
Mobile trading apps offer more user-friendly features that are easy to use and navigate. The interface can also be customized and optimized in such a way that suits each person. That way, all traders can enjoy a better trading experience.
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
Can I trade the 1-hour strategy using a mobile device?
Yes, most forex trading platforms are now available on mobile devices, allowing you to trade the 1-hour forex strategy on the go. Just make sure you have a stable internet connection and be aware of any potential issues with using a smaller screen.
Continue Reading at 1-Hour Trading Strategy for Beginners
Why is mobile trading flexibility important for forex traders?
Nowadays, the majority of traders have smartphones or tablets of some sort. They mostly carried their devices in their pockets all the time. That means if they adopt mobile trading, executing their positions anytime they need is highly possible.
All they need to do is find the best broker with mobile trading app and install it on their phone. Then, ensure their device is connected to the internet before checking out what is happening in the market. It is super simple and gives a lot of flexibility. It is also possible for them to control their trading account while also working and navigating all their daily activities.
Continue Reading at Pros and Cons of Mobile Trading for Beginners
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