The internet has not only made trading more accessible, but it has also founded one of today’s most used financial technologies – Mobile trading.
The smartphone revolution transformed how we go about with our daily endeavors, manage our finances, and organize our tasks. Today, most investors check out their mobile when striking financial news is spread.
Some might say that desktop trading is obsolete, but many argue that the mobile app experience is limited, and most providers equip their web versions with all the features. Is it true? Let’s put that to the test!
Why Has Mobile Trading Become Popular?
Trading through mobile has gained massive popularity due to its accessibility and convenience, allowing users to trade on the go. This aligns with today’s lifestyles, as everything moves fast, and people juggle multiple tasks at once with little time dedicated to sitting in front of the desktop.
According to App Developer Magazine, mobile stock trading was estimated at $42 billion in 2024, with an approximate CAGR of 23%. This means this segment can reach a $100 billion valuation by 2029.
While we wait for 2024 reports, 2023 was a significant year for investment and financial applications. Fintech app installs rose by 42%, with sessions up by 24% compared to the previous year.
Top Characteristics to Look For
When looking for the right mobile trading app, you must have comprehensive research and charting tools to view markets and orders.
The transformation to a mobile-first trading experience has been crucial for many brokerage firms and technology providers. A well-designed trading app should provide a smooth and efficient interface, user-friendly layouts, and helpful widgets. Here are our top three characteristics:
Account Management
A good mobile trading application must offer easy and efficient account management that supports portfolio monitoring, transaction history details, and customizable dashboards.
It must also ensure top-level security protocols like two-factor authentication and biometric logins to ensure safe access to funds.
Seamless Payments
Smooth deposit and withdrawal processes are crucial for a hassle-free trading experience. Most of today’s mobile banking apps, digital wallets, and crypto applications focus on one-click transactions, accurate processing times, and low fees, optimizing user experience.
Real-Time Newsfeed
One of the most useful traits of mobile apps is providing updates and sending notifications so that users can check wherever they are.
A top-tier trading app should provide real-time news, alerts, and analysis to help traders make informed decisions. This is as important as providing access to financial news, price charts, and expert insights to give traders a competitive edge.
Case Study: B2CORE Mobile Trading App
B2CORE is a comprehensive CRM system that allows brokers to organize their client base, streamline regulatory compliance procedures, and oversee trading activities done by end-users.
On the other hand, B2CORE offers traders a personal cabinet to access trading accounts on different platforms (cTrader, MetaTrader, and more) to manage orders, transactions, and financial reports.
B2CORE successfully managed the transition to mobile trading, allowing users to access similar functions and features between the desktop and mobile app versions. When checking the B2CORE mobile trading app, we found the following features that traders prefer.
- Registration and Onboarding: Clients can directly register and verify their account through the app without having to login from the desktop to upload documents or follow external links.
- QR Code Login: Mobile users can switch from desktop to mobile by scanning a QR code for faster access without storing passwords on the smartphone.
- Flexible Deposits and Withdrawals: Desktop traders usually prefer the web version because some trading apps have limited payment methods. However, B2CORE’s offers similar payment capabilities between the mobile and desktop.
- Multiple Platform Support: Users can access their trading accounts on different software, such as MetaTrader and cTrader, without limiting their access to the web trader’s version.
- Customer Support Portal: Traders can send inquiries and get help directly from the mobile without having to login through the desktop version.
Verdict: Mobile vs Desktop Trading
Mobile and desktop trading platforms serve different needs, making the choice highly dependent on individual trading styles. While many are used to focusing on their trading session desktop platform, mobile trading provides unmatched convenience.
With real-time notifications, seamless execution, and user-friendly interfaces, mobile trading apps empower traders to stay ahead without being tied to a desk and make informed decisions on the go.
This is a sponsored post. The opinions expressed in this article are those of the author and do not necessarily reflect the views of FXStreet. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
Other than B2BROKER, all third-party company names, logos, brands, and trademarks displayed are the property of the respective brand owners. B2BROKER is not affiliated with or endorse such companies.
Editors’ Picks
EUR/USD: Another drop to 1.1060 is not ruled out
EUR/USD rapidly faded its initial move to weekly highs around the 1.1270 zone on Wednesday, refocusing on the downside and approaching the 1.1160 region toward the closing bell on Wall Street. The pair’s pullback came on the back of the firm tone in the Greenback, which managed to regain balance and reverse initial losses, all ahead of Thursday’s release of US Retail Sales and the speech by the Fed’s Powell.
GBP/USD treads water around 1.3300 on Dollar's bounce
GBP/USD is fluctuating around the 1.3300 support on Wednesday, giving back its earlier push toward the 1.3370 zone amid a solid rebound in the Greenback. Cable’s initial gains had been underpinned by hawkish comments from BoE officials, ahead of a packed UK data calendar on Thursday.
USD/JPY slides as BoJ hawkish shift clashes with Fed dovish tilt
USD/JPY is down for a second straight day on renewed expectations of the Bank of Japan tightening. The move is driven by hawkish remarks from Deputy Governor Shinichi Uchida and hotter-than-expected April PPI data, which contrast sharply with soft US inflation figures and growing speculation of Federal Reserve rate cuts.
Editors’ Picks
AUD/USD: Formidable resistance sits above 0.6500
AUD/USD reversed part of Tuesday’s pronounced recovery, coming under renewed downside pressure on the back of the late rebound in the US Dollar. The move higher in the Greenback was propped up by prospects of further progress on the trad front, while speculation kept pointing to a later-than-expected Fed rate cuts.
EUR/USD: Another drop to 1.1060 is not ruled out
EUR/USD rapidly faded its initial move to weekly highs around the 1.1270 zone on Wednesday, refocusing on the downside and approaching the 1.1160 region toward the closing bell on Wall Street. The pair’s pullback came on the back of the firm tone in the Greenback, which managed to regain balance and reverse initial losses, all ahead of Thursday’s release of US Retail Sales and the speech by the Fed’s Powell.
Gold looks consolidative below 3,200
Gold appears to have entered a brief consolidation phase below the $3,200 mark per troy ounce on Wednesday, following an earlier drop to five-week lows. The retreat came as investors continued to rotate out of the safe-haven asset, with growing optimism over trade developments driving steady selling in the metal.
$100M DeFi Development funding sends Solana price above 73-day resistance
Solana price surged past $184 on Wednesday, marking a 25% gain in May. The rally follows a fresh capital injection by DeFi Development, reaffirming institutional confidence in Solana’s blockchain ecosystem amid favorable macroeconomic signals.
US-China trade truce only emphasizes timeless investing truths
Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.
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