OANDA Revolutionizes Mobile Trading with fxTrade Mobile 4.0
Global forex broker redefines retail mobile trading and maintains leadership position with industry-first features
NEW YORK CITY – July 23, 2014
OANDA, a global provider of innovative forex 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 it’s 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 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.
OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s leading online trading platform, fxTrade, , introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company’s many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honored with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each the U.S., U.K., and Asia-Pacific markets.
OANDA was the first online provider of comprehensive currency exchange information, and today the company’s OANDA Exchange Rates® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has eight offices worldwide, in Toronto, Chicago, New York, Boston, London, Singapore, Tokyo, and Sydney. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).