ForexYard, a fairly large Middle East broker, has just announced that it launched a Forex trading iPhone application.
It seems that the iPhone Forex trading market is becoming red hot with several Forex brokers and news providers lately introducing various types of iPhone Forex apps.
FXCM made its DailyFX portal available through iPhone and so did GFT, through its FX360 brand, while Oanda recently launched an iPhone currency converter. Back in May, Citi announced that its app was available for Blackberry and iPhone users – this is however just a way to access the actual platform, not quite a standalone iPhone Forex app.
It’s highly interesting to see which large broker will be the first to break into this market segment – after all iPhone users tend to be a high-end audience and the ability to be present on your clients phone might result in larger trading volumes. The ability to trade whenever, wherever is something all retail brokers should be able to provide as this is what clients demand for a while already – and if that’s what they want, that’s what you need to supply them with.
ForexYard Mobile Trader for iPhones eases the transition from desktop to mobile
Fast and user-friendly mobile trading is now available for iPhones with ForexYard’s new Forex trading platform.
ForexYard Mobile Trader is the first and only fully functional Forex trading platform for the iPhone. The free application allows traders to easily make the transition from desktop to mobile, and is perfect for on the go day or intraday traders.
The Mobile Trader is an intuitive, easy to use, and accessible trading platform that delivers the fastest and most convenient trading service to all. The platform is offered in sixteen languages and ties in directly to your trading platform at home without having to sync.
Users describe the platform as “the best mobile trading app I ever used”, “simple, quick and has all the necessary trading functions”, and “the best forex trading application”.
Live account holders can perform the following actions with our user-friendly interface, and the backing of ForexYard’s unrivaled charts and quotes:
View Account Info – See your current account status on the go
Market Orders – Buy and Sell anything, anytime
Entry Orders – Place orders directly from your phone
Stop and Limit Orders – Make sure to manage your risk on the go
Change and Remove Orders – Modify your positions using the app
Real Time Live Streaming Quotes -
Fully Functional Charts – use the mobile charts to make quality trading decisions
Charting Indicators – Use indicators to validate moves in the market
Become part of the growing number of traders who have made the switch to trading whenever, wherever with the Forexyard Mobile Trader for your iPhone! The platform is also compatible with HTC Hero, Nokia N85, Blackberry Curve, Palm Pre, Samsung Omnia, Nokia N97, Blackberry
Those with iPhones and other top-of-the-line smartphones always want to have the latest and greatest at their fingertips, but I think traders should remember that the platform is only as good as their internet connection.
I personally use the Palm Pre for a lot of things, but my internet connection in New York City is a little too unreliable for me to reasonably think about trading through it. As long as traders have reasonable expectations of mobile trading software, I think this is a big step in the right direction. At least in the US, however, our cell networks are a little too unreliable to actively trade through our phones.