Anywhere, anytime - Retail FX goes seriously mobile >>>
on mobile FX trading. At Phillip Futures, we try to differentiate by putting multi asset classes of products on the platform, so it caters for both FX trading as well as equities and other products. Te Phillip POEMS Mobile application boasts of a full suite of products available on a single mobile platform.”
Tere are regional variations in the way FX traders use their mobile devices around the world. According to Dukascopy’s statistics, traders from North America and Asia use mobile trading applications more often than European users, which can be explained historically as South Korea, Japan, and the US’s Silicon Valley are the main drivers of mobile technology evolution and development today, Maksimov explains.
Regionally, Europe is behind other markets in the use of mobile trading apps for forex, Assia says. He comments: “Currently the US, North Korean and Japan are the leaders in the mobile trading markets. Since mobile trading has only been around for the last few years and is still in the early stages of adoption we cannot offer any definitive analysis as to the behaviour of mobile traders, but if we could correlate it to the uptake of mobile usage and the high engagement rate on mobile apps in general, than we predict that these usage statistics will transgress over into the world of mobile trading.”
Bhopale agrees, but ties Europe in third with the US, behind Asia. “In looking at our most recent stats, Asia as a whole is trading more heavily on mobile devices, followed by North America and Europe,
which are about equal in trading on mobile devices. Additionally, the top three countries that lead in mobile trading are Japan, China and the US. Tis is to be expected as all three regions have adopted mobile very quickly into their everyday lives.”
Te use of mobile applications in forex trading is increasing rapidly in Poland, as well as in Central Eastern Europe, notes Potaczała. He comments: “We expect that this trend will continue, not just for trading, but for unrestricted access to market and account information. Mobile trading is available in Poland through a broad range of devices and operating systems. Especially popular are applications for devices using iOS, Android and Windows Mobile operating systems.”
Who, what and why
Tere is a wide range of new smartphone apps available for mobile FX trading. Tese include FXCM’s, which has developed mobile trading apps for iPhone and Android smartphones. In addition, it has an iPad tablet app, Android tablet app and a trading app that works on the Amazon Kindle. Bhopale adds: “For both smartphones and tablets, we focused on the devices that make up a large marketshare of the devices used, then developed best of breed trading apps internally.”
Currently Dukascopy Bank offers two types of mobile application for both iphone and Android: Swiss
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