Mobile Forex Trading | Brokers, Platforms, Devices

Forex trading apps

Long gone are the days when forex trading was limited to staring at a screen on your PC, unable to leave the house, or even the room for fear of a vital market movement. These days many traders opt to keep tabs on their positions via mobile technology and there are many applications on the market designed to make this easier.

The iPhone is one of the most iconic smartphones to hit the market and unsurprisingly has been a huge hit with users wanting advanced functions. The iTradeMobile application works exclusively on iPhones and has been developed to allow a wide range of trading functions to be carried out on the go.

The application allows access to both live and dummy accounts (up to three difference accounts can be held) as well as providing the facility to view both open and closed positions. However, not only can accounts be checked, the iTradeMobile app provides advanced charting functions and also the ability to open new positions, or modify existing ones.

For Apple fans who prefer to use their iPad to access their account, the Oanda fx Trade is the hottest app right now. It requires users to register for an account with Oanda but once done, it is possible to receive live streaming, real time updates as well as up to four currency pairs on the display at any one time. It is also possible to perform a range of actions including closing and modifying positions and specifying stop losses.

Oanda also provide an option for Android phones which provides more or less the same facilities as those using an iPad, but obviously via a different application and viewed on a much smaller screen. Just like the Apple-compatible version, Android users can carry out a range of actions including opening and closing positions.

Android users have a number of different apps to pick from that enable them to keep tabs on the forex market via their smartphone. For those who simply want to keep up to date with the forex currency trading market but without needing the facility to execute deals, Trade Interceptor Forex is a useful tool. This app is free to obtain and enables the trader to access the market from anywhere, is multi-broker and provides live chart feeds and charting. The only thing missing is the ability to actually trade - but if this is needed, there are a number of other apps which can provide this.

Dukascopy's iPhone Trading Platform: Swiss Forex Trader

Swiss based Forex Broker Dukascopy has provided iPhone users with a very helpful and informative App for quite some time. We have already reported. However this software lacked one important feature: traders who have an account with Dukascopy, could not access their account or place trades. After a long wait, a new App has finally arrived: the Dukascopy Swiss Forex Trader for the iPhone is now available. To respond to the popular demand of many Forex traders, the technical department at Dukascopy has worked intensively over the last months to finish this software. The iPhone App offers all important functions of Dukascopy's trading platforms, like Web Trader or Java Trader. According Dukascopy, not only the realtime quotes, but the full flow of data is adjusted to the available connection speed and data throughput. Dukascopy has integrated all important and cherished functions of the previous iPhone App into the new software. And finally added all the necessary features required to trade currencies at Forex:

• Secure connection to Dukascopy's backend and infrastructure
• Tight spreads and high liquidity, thanks to ECN
• High execution speed of orders
• All major types of orders as well as One-Cancels-All orders
• Overview of the trading account, including open positions and open orders

The App is available at Apple's App Store. It requires iPhone OS 3.0 or later. Of course, the functionality can be first tested with a demo account. If you decide to open a live account here you can save up to 40% commissions.

Meta Trader 4 Goes Mobile: Forex Place 4XP

Over the last years, MetaTrader 4 has become the standard trading platform with many Forex brokers. One reason, the software is so popular amongst traders is the fact that the trading community has created many indicators and so-called "Expert Advisors (EA), which are often offered for as free dowload on the Internet. The Expert Advisors can, among other things, be used for fully automated forex trading. It was obvious that some software vendors and brokers where looking for technical solutions to make Meta Trader available not only on your home based trading PC but also on your mobile phone. The Forex Broker 4XP Forex Place offers such a solution. The software can be found on the 4XP Website and can easily be downloaded and installed directly to yor PDA or smartphone. With this client software you have the complete control of your account and most importantly, you are able to react quickly to unexpected market conditions at any time - even on the go. For trading, the following functions are available:

• All types of orders
• Charts with different time frames
• Over twenty analytical tools
• Trade Alerts
• News

However, to benefit from this features, your handehld must meet certain requirements. Only PDAs with Windows for Pocket PC 2002 (or later), as well as smartphones running Windows Mobile for Smartphone 2003 SE (or later versions) are supported. Owners of handhelds that meet these requirements, can enjoy a very user friendly and feature rich software for trading on the go. If in doubt, you should test this mobile trading solution with a demo account first.

iPhone App by Easy Forex

Ready.Trade is the claim by easy-forex. Easy forex is a Forex broker that offers trading of a large number of currency pairs. In addition to foreign exchange you can also the trade gold, silver and oil with easy forex. The easy-forex trading platform is web based and thus you are indeed really fast, "ready to trade". What is the minimum deposit for this broker? To open a trading account, a sum of $ 200, paid by credit card, is required. The available leverage is 1:50, 1:100, and 1:200 - a personalized risk control is also possible. Another positive fact is that there are also individual offers for spreads, particularly of course for "Heavy-Traders". And, of course, demo accounts are available to test the offer. It is somewhat disappointingly, that the iPhone App from easy.forex does not allow you to trade or access your trading account. The app is rather meant to gain a quick overview of the Forex market. Real-time prices from over 100 currencies as well as gold, silver and oil are available. Even real-time charts with different time frames are available. An overview of the trading day or the trading week and a calendar with important dates and economic indicators are also available. Also, the importance of economic events and their possible impact on the prices of currency pairs is evident. A special feature offers easy-forex with the Inside Viewer. With the Inside Viewer you can see which trading pairs are most popularly traded, in which direction, and you can see the aggregate deal structure of all open deals. The free app is also ideal for those who want to stay in touch with the markets - with a quick glance at the charts. The iPhone App can be downloaded from the iTunes Store.

Finexo – Mobile Trading with “MobileTrader”

Most brokers, including many Forex brokers have now realized that their clients demand access to their trading account anytime and anywhere. For many traders mobile Brokerage offers are now an important criteria when choosing a broker. The Forex broker Finexo has recognized this and provides its customers with a convenient mobile trading solution. The trading platform Finexo offers for your home based trading PC is a web-based solution, called WebTrader. The WebTrader can be opened from any PC with a Java-enabled Web browser. With this - freely configurable - Trading platform, you can trade 155 currency pairs and have access to real time charts and prices. A leverage of up to 1:200 is available. Opening an account erquires a minimum deposit of 100$. Finexo currently offers a bonus of up to 500$ when opening an account. But back to the mobile trading platform Mobile Trader by Finexo. Another positive fact is that the mobile solution is available for the iPhone as well as for all Pocket PCs. The devices only requires an internet browser. The account can be accessed with a special link. The functionality leaves little to be desired. One can very quickly gain an overview of their own trading account. Monitoring and changing existing positions as well as opening new orders can be done real quick. Charts can also be opened for the selected instrument, a comprehensive technical analysis is not possible, and certainly does not make sense. I recommend to test these mobile solution first on a demo account to ensure that your own handheld meets all the requirements.