Top 5 Trading Applications That Enable Trading On-the-go

Nowadays, people use mobile devices far more often than computers. It seems that mobile is taking over desktop. We all know that Apple recently held a press conference for the new iPhone 13 model. But do you know which generation Apple's Mac series are updated to? iPhone has updated to the 13th version, but what about Mac?

Not to mention other big names such as Twitter, Facebook, Instagram, and Tik Tok, are also encouraging everyone to use mobile phones. In this case, the online trading sector must take mobile transformation into account.

When smartphones and tablets first found their way onto the market in the 2000s, retail traders used these mobile devices mainly to check security prices in real time, on the go. The actual trading was usually done at a desktop, on a laptop or over the phone.

Over the last few years, technological improvements led brokers to create applications for mobile devices that enabled their clients to buy and sell securities with the same speed, security and reliability offered by a desktop or a laptop. 

Many of the best mobile trading apps on the market are packed full of advanced features including technical analysis tools, price alert notifications and more. Let's skip MetaTrader 4/MetaTrader 5, which continue to dominate the forex market, and cTrader, which is most likely to become a qualified challenger to MetaQuotes. Saxo Bank, FXCM, and CMC Markets are large brokers that have developed their own trading software with mobile features, which is a demonstration of their own strength.

MetaTrader 4/MetaTrader 5

MetaTrader 4/5 mobile applications for iPhone/iPad and Android allow trading in Forex anytime and anywhere. Traders can analyze prices of various currency pairs and perform trading operations.

The mobile version of the popular trading platforms provide everything needed to perform trading operations, send pending orders, as well as to set protective Stop Loss and Take Profit levels. MetaTrader 4/5 Mobile also supports the One Click Trading option, which allows sending trade orders straight from the price chart or from the Market Depth window. The applications enable professional technical analysis of currency and exchange quotes using 30 built-in indicators and 24 analytical objects.

cTrader

cTrader mobile applications allow trading on iOS and Android devices. These combine rich charting functionalities, advanced order types, and a selection of important account information. The platform is available in 22 languages, further extending accessibility to an international customer base.

cTrader mobile applications provide traders with 26 timeframes and over 50 indicators. cTrader mobile apps also offer a full history of executed deals, closed positions and done orders, for client trading activity transparency. Furthermore, Traders can see typical symbol information, as well as live market sentiment, trading schedule, dynamic leverage schedule, links to external news sources, and their own trade statistics.

FXCM Trading Station Mobile

Trading Station is FXCM's flagship proprietary platform. It features functionality in charting, order entry and trade automation. It is available on Web, Desktop and Mobile.

Trading Station mobile lets traders quickly and easily access, research and place trades on the go with a simple, intuitive user interface. With FXCM mobile app for Android and iOS, traders can monitor their portfolio, analyze live charts, adjust orders and open new trades on their smartphone.
CMC Markets Next Generation

CMC Markets' Next Generation platform allows trading on iPhone, iPad and Android devices, providing a range of flexible and easy-to-use orders so investors can better manage their trade entry, exit and risk. it also offers a range of advanced features including boundary orders, guaranteed stop-loss orders, trailing stops, price ladders and more.

The mobile trading app is designed with the active CFD and forex (FX) trader in mind. It offers live streaming prices and charts, advanced order ticket functionality, pending order execution alerts, Reuters news, client sentiment indicator and more.  
SaxoTraderGO
Saxo Bank's mobile trading platform SaxoTraderGO provides access to stocks, ETFs, bonds, mutual funds, managed portfolios, options, futures and other leveraged products, with enhanced trade tickets, fundamental and technical analysis tools, extensive charting package, options chain, performance analysis and comprehensive account overview.

SaxoTraderGO offers more than 40 technical indicators and drawing tools, and automated Trade Signals, live charts, and a range of annotation tools. Through the application, investors can access news and analysis from Saxo's in-house experts and leading third-party providers, directly in the platform.

Other less famous software like AIRSOFT, Sirix, NEXTRADE, Speedtrader, and Fortex 6 arer also mobile-friendly. AgenaTrader has developed a collection of three types of mobile-friendly trading software Mercury, Neptune, and Andromeda. Hummingbird Trading App, with the slogan of "intuitive crypto & forex trading for mobile", is dedicated to mobile trading and abandons desktop and web page versions, which in a sense represents the trend of the market.

On the contrary, AlgoTrader, Quantower, and TimeToTrade are desktop-only trading software. 

Though most professional traders prefer the desktop experience, but at the same time, with all the improvements available on mobile trading, a well-designed mobile application could help shift a number of traders from desktop to mobile, or at least convince them to use both interchangeably.

In conclusion, retaining customers to win a place in the fierce forex industry is a tough thing, brokers must adopt the change, take mobile transformation into account, and implement the strategy as soon as possible, to avoid the risks of lagging behind.