23 October 2014

Oanda upgrades mobile trading app

24 July 2014  |  1158 views  |  0 Source: Oanda

Oanda, a global provider of innovative foreign exchange and CFD trading services, is pleased to announce the first phase of its next-generation fxTrade Mobile trading application.

Beginning with new, industry-first features to its proprietary application for the Apple iPad, OANDA is moving away from a "one-size-fits-all" approach to mobile trading.

Available now for free download in the App Store, OANDA's fxTrade Mobile 4.0 for iPad features unlimited charts, the ability for individual traders to arrange charts however they wish, and the ability to view charts in full-screen mode.

"We're redefining the way investors are trading on mobile, moving toward customization based on each trader's experience and trading strategies. We started with the iPad, as it's the tablet with the highest market penetration and the most screen real estate," said Reuben Piryatinsky, Mobile Product Manager, OANDA Corporation. "We're confident this new approach to trading will help us maintain our industry-leading position in the mobile space."

OANDA's mobile team will continue to release more customizable features, specific to individual trading styles, in the coming months. New elements in fxTrade Mobile will add to its existing advanced charting functionality with multiple chart types and more than 40 technical analysis indicators, overlays, and drawing capabilities, streaming news feeds, and push notifications for limit orders, stop-loss and take-profit actions, margin notifications, and price alerts.

"We were the first broker to release a tablet trading app and so much has changed in four years. At the time, our goal was to match the desktop feature set but we've already eclipsed that and have more rich features available for mobile," saidTrevor Young, Vice President of Product Management, OANDA Corporation. "We are also seeing increased volumes coming through mobile: in 2010, it accounted for two or three percent of total volume and today it is closer to 20 percent."

Today, more than 50 percent of OANDA's clients log-in to their accounts daily via fxTrade Mobile. Like OANDA's MetaTrader 4 mobile applications foriPhone and Android smartphones and tablets, and OANDA's Currency Converter foriPhone , iPad , iPod touch , and Android devices , fxTrade Mobile is available to download for free.

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