If you’re planning to start a business, or you’re already an experienced trader looking to expand your horizons, this article will explain some of the most important aspects of mobile forex trading. There are many advantages to this method, but it isn’t the only one. We’ve compared MetaTrader 4, eToro, CMC Markets, NLVX and Alpari to help you make the right decision.
Trade Through MetaTrader 4
A popular forex speculative trading software is MetaTrader 4, also known as MT4. The application is designed for forex traders, as well as for retail foreign exchange speculators. It was developed by MetaQuotes Software and was first released in 2005. Foreign exchange brokers license this software and provide it to their clients. Whether you’re using MetaTrader 4 for mobile forex trading or not, you’ll find it very helpful.
Traders can easily access the full set of MetaTrader 4 functionality via a mobile device. Traders can choose from hundreds of brokerage companies and thousands of servers and can use full-featured analytical tools. MT4 supports a wide variety of mobile platforms, including tablets and smartphones. It’s also supported by a large library of expert advisors and trading robots. The app even supports a large number of devices and platforms, including iPhone, Android, and Windows.
Alpari
Alpari provides its clients with a reliable, convenient, and efficient trading platform. The company offers support in several languages and has a fast response time via email, phone, or live chat. New clients can also take advantage of Alpari’s massive training segment, which offers answers to frequently asked questions and video tutorials. It also offers webinars in several languages, making it easy for new traders to learn more about the company’s services and products.
To register with Alpari, traders can sign up using their registered email and registered phone number. After registering, traders are required to link their personal information with their email IDs. They must also answer some questions from their broker before they can start live trading. To open a live trading account, clients must also submit a scanned copy of their driving license. The process is straightforward. Once they’ve verified their information, they can access the trading platform.
eToro
If you’re considering forex trading for your smartphone, eToro is an excellent option. eToro’s mobile trading app is incredibly user-friendly, and its rebalance feature keeps your trades on track and in balance. It also includes 66 indicator charts and 13 drawing tools, so you can customize your charts to your specific trading needs. In addition, eToro offers a CopyPortfolios feature that groups together traders, into single funds for copy trading. This is a great way to bridge the gap between passive and active traders. This feature is also great for self-directed traders.
Customer support is generally satisfactory, although eToro’s live chat feature may be time-consuming. The help center only offers basic support, and representatives are busy during the weekends. There’s no e-mail support, and eToro relies on support tickets sent through its interface. You’ll receive e-mails containing responses, but they’re not always immediately available.
CMC Markets
A well-structured economic calendar is a major plus with CMC Markets. Their economic calendar uses Thomson Reuters to list the major data releases for each day. It includes a market impact meter, links to historical data, and forecasts. CMC Markets customers can also set separate alarms for various events. Moreover, the company’s analysts are active on Twitter and frequently post their personal views on recent events and price action. A number of features are also available, including a newsfeed and economic calendar.
The CMC Markets account opening process is quite simple and quick. You just need to provide a few personal details and a valid proof of address. After this, CMC Markets will send you a verification code. You must even provide a copy of your government-issued ID. The document should have your full name, date of birth, and residential address, along with the issue date and expiry date. You should scan both sides of the ID, as this will be needed for verification.
NLVX
If you are interested in foreign exchange trading on your mobile phone, NLVX has many great features. Not only does NLVX has competitive prices, but its order management system ensures that your orders are filled at the level you’ve requested. You can also use digital bank accounts to take advantage of great currency exchange rates and affordable international bank transfers. Getting started with NLVXis quick and easy; opening a mobile account takes just minutes. There are no deposit fees, and you can use your credit card, debit card, or PayPal to fund your account.
The trading system operates on a two-tiered pricing structure. Essentially, you choose a bid price that is higher than the market price. You then set a selling price that is lower than the bid price. This difference is known as the spread. This spread goes to the broker in exchange for the trade, which varies depending on the currency. If you’re wandering to trade forex on your mobile device, NLVX makes this very easy with its enhanced MetaTrader 4 platform.