OANDA presents a new iPad app for its fxTrade platform, and this version consists of quite a few powerful features. The main thing that stands out is customization: the trader can choose his preferred currency pairs, set their size and browse through a long list of currencies.
The option to use the full size of the screen for charting makes using various technical indicators an easy task, even though it’s not a “real” computer. Another powerful feature is push notifications: users can set alerts.
For those that prefer seeing more than one chart at once, this option is certainly available. Here is how it looks like:
Here is another potential configuration: you can set tickers at the top and one big chart below, with a focus on a single currency on the side:
The app also features news provided by OANDA as well as other news providers. Users can read news while examining the charts:
And here is a preparation for a new trade, as it looks on the OANDA iPad app:
50% of OANDA users are already logging in daily on their mobile phones to check their trades.
While the really professional traders might prefer to craft their trades using a desktop computer and quite a few screens, for most retail traders, this iPad app could completely make trading on a desktop obsolete.
Here is more information from the official press release:
LONDON – July 23, 2014 – OANDA, a global provider of innovative forex 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 customisable 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,” said Trevor 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 for iPhone and Android smartphones and tablets, and OANDA’s Currency Converter for iPhone, iPad, iPod touch, and Android devices, fxTrade Mobile is available to download for free.