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OANDA fxTrade Forex Trading app review: your stock trading tool

Reviews

Introduction

For those actively involved in stock trading you need an app that provides you with convenient and quick information. The OANDA fxTrade Forex Trading app is packed with innovative features and tools that make trading from your mobile device simple, quick, and smooth. It doesn't matter what level of trader you happen to be there are tools and features here that will speak to you and they all respect the fact that the market is ever-changing and always moving fast. Let's check out this app to see what its features are and decide whether or not it's one of the best iPhone apps for forex trading

The best forex trading apps for iPhone

OANDA fxTrade Forex Trading

Free

Find Real-Time Information

This iPhone and iPad trading app will provide traders with real-time market activity, news, and information that will allow you to react as these things happen. You can monitor everything happening in the Forex market without the need of sitting in front of a computer screen. This means even when you're out and about you'll still be connected to all the important details.

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Some of the things this app helps you to do are monitor your account status and profitability, control your risk, and manage all your positions. All of these functions can be done with just a tap or two. OANDA uses its own Forex platform which has won awards. It boasts flexible lot sizes, quality execution, multiple sub-accounts, tight spreads, and a variety of helpful tools. This app can be used on all your iDevices.

Find Real-Time Information image

An In-Depth Look

Not only does the app provide you with real-time information but you are able to get in-depth information taking it to that next level. Examples of this include the advanced charting capabilities where you can make use of overlays that provide you with technical indicators. You can manipulate the charts while still being able to see the current price performance, enable real-time notifications for stop loss, limit, and profit orders. You can also set up these notifications for price alerts and margin call warnings.

Best iphone and ipad apps

Other features that help this app stand out from the rest are streaming news feeds from some of the biggest providers out there such as 4Cast, Thompson Reuters, Dow Jones, and OANDA's own MarketPulseFX Blog. When you're looking at your charts be sure to take full advantage of the trend lines, pivot points, and more. You will never be searching for information again when you're away from your desk.

Now there is a catch with this app, in order to use it you'll need to have a practice or live fxTrade account. You can register for one online at http://fxtrade.oanda.com.

An In-Depth Look image

OANDA fxTrade Forex Trading

Free

Pros and Cons

Pros

  • Beautiful and sleek user interface
  • Provides real-time information
  • View charts and analysis
  • Create your own portfolio
  • Enable push notifications
  • View news feeds from top providers

Cons

  • You need an fxTrade practice or live account to use the app
  • This app will seem very advanced for those who are just starting out in the world of stock trading

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Final Words

The OANDA fxTrade Forex Trading app makes it possible to be away from your desk yet still in the loop of all things trading related. You can find real-time information that allows you to monitor and react to market changes.

OANDA fxTrade Forex Trading

Free
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