The way we do things is changing, just look around more of our everyday business and personal experiences are happening on mobile devices. From e-mail correspondence, to conducting business tasks or keeping abreast of current events – we now have the power to use our “free” time to work and play while on the go. Forex trading is no exception to this as well, born in a crowded desktop environment, the need to react in real time is always present. Forex traders want a robust platform at their fingertips. OANDA, a global provider of innovative foreign exchange trading services, this week announced a significant update to its OANDA fxTrade mobile applications for iPhone, iPad, and Android devices to meet that demand.
OANDA’s fxTrade mobile app allows users to quickly monitor forex market activity as well as manage positions, control risk, and monitor account status and profitability while on the go. The free app’s intuitive design makes the most of native iPhone, iPad, and Android capabilities to provide features that traders need to stay on top of the fast-moving forex market.
Oanda was among the first to build native applications for the most popular mobile platforms(iOS and Android) because more of their clients use these devices and native apps offer a great trading experience. Features like sophisticated charting, technical analysis tools, and real-time streaming prices, positions, and news feeds are available within our native apps, each tailored for a specific operating system. But we also have a mobile website (m.oanda.com) for BlackBerry, Windows Phone, and users of other leading devices to access our online trading platform.
“We are excited to finally bring robust desktop trading functionality to the smartphone,” said Trevor Young, Senior Director of Product Management at OANDA. “In the past three years our clients have progressed from merely checking positions and prices with our mobile app to using it to plan and execute trades. As mobile continues to evolve as the go-to computing platform, OANDA will be at the forefront of mobile trading technology design with our commitment to provide the types of trading experiences our customers expect from a trusted forex innovator.”
Here are the key features of this new version of fxTrade:
- Advanced charting functionality that allows users to overlay various technical indicators for enhanced price-data analysis
- Customizable charts in a greater range of intervals (ranging from 5 seconds to 1 day)
- Full visibility into price action from a single screen, with continuous display of current prices even when manipulating chart parameters
- A sleek user interface that allows easier chart navigation, one-handed chart manipulation, scrolling trade history, and pinch-to-zoom capabilities
- Streaming news feeds from top providers such as Dow Jones, Thomson Reuters, 4Cast, and UBS Analysis (iPhone and Android only)
- Push notifications for limit orders, stop loss and take profit actions, margin notifications, and price alerts (price-alert notifications are not available on iPad)
According to OANDA’s CEO K Duker:
“There are no longer any compromises when it comes to mobile,”
With this latest application update, OANDA continues its track record of innovation in mobile trading. Today’s release is the result of more than 18 months of work from the OANDA mobile development team, and incorporates user feedback from OANDA customers globally. Mobile devices already account for 30 percent of logins and 15 percent of trades for OANDA clients, a number that has risen rapidly since the company introduced its first mobile trading app in 2010.”
“There are no longer any compromises when it comes to mobile,” . “With this new version of our trading app, we’re providing our customers with what they want: a robust platform at their fingertips and a great trading experience, no matter where they are. We’ve seen a strong increase in downloads and use of OANDA’s native mobile app in the last 12 to 18 months, and today’s product keeps our clients at the forefront of this industry trend.”
The OANDA mobile apps for iPhone and iPad users are available for download in the App Store, or on the Google Play apps store for Android-based smartphones and tablets. These apps complement the OANDA MetaTrader 4 mobile applications that are available for iPhone and Android smartphones and tablets.