Apr 15, 2021 (Vehement Media via COMTEX) — The rise in mobile apps has been a game-changer for the trading industry. Trading used to be a time-consuming and arduous process, making it inaccessible for many people. But now, you can make a new trade right from your smartphone as you’re going about your daily life.
This makes it easier for beginners to understand the ropes and get started. And if you’re already a proficient trader, the right trading app just gives you more of an advantage. You’ll have all the resources at your disposal to easily make informed trades.
Finding the best trading app is especially useful for Forex traders since things change in the foreign exchange market so quickly. You can use the app to find the right trading opportunities, and execute on those opportunities quickly and efficiently.
However, if you’re new to the idea of Forex trading on an app, there are a few things you’ll want to understand before diving in. This article will provide an overview and the advantages of choosing a trading app to get started.
If you’re new to using trading apps, then you may be on the fence as to whether it’s the right choice for you. Let’s look at the seven biggest benefits of using a forex trading app.
1. Makes Forex trading more accessible
The right trading app makes Forex trading more accessible to the average person, even if you’re just a beginner. That’s because the app provides the tools and resources you need to get started, and the financial barrier to entry is fairly low.
For instance, if you have just $200 to get started, you can begin trading on the Vantage FX app. Once you’ve registered and funded your account, you’ll have access to over 300 trading instruments.
2. Intuitive interface
At the end of the day, it doesn’t matter how many resources you have at your disposal if you don’t know how to use them effectively. But most trading apps come with a straightforward, intuitive layout so you can quickly learn how to navigate the platform and take advantage of the resources at your disposal.
3. Low fees and commissions
Many Forex trading apps come with low fees and commissions. This makes it easier to get started and helps you maximize your trading profits. And for more professional traders, you may be able to land a discount if you execute a high number of trades every month.
4. Up-to-date financial news
The right trading app will give you access to up-to-date financial news. This is critical since the global markets change so quickly. Having access to the right data ensures that you can make accurate and timely trading decisions.
For instance, we’ve partnered with Trading Central to provide daily market commentary and global finance news right within the Vantage FX app. That way, you always have in-depth analysis available right at your fingertips.
5. Educational tools and resources
If you’re new to trading Forex, or a seasoned trader who has been out of the game, a lack of knowledge about the market may be holding you back. You may have heard that trading can be a risky endeavour, and you’re worried about losing money.
Another advantage of choosing a trading app like Vantage FX is that you’ll have access to plenty of educational tools and resources. You can learn more about Forex and tips on how to use the platform effectively. That way, you’re developing the skills to become a better trader and maximize your potential earnings.
6. Reliability and security
Since the global markets are constantly changing, it’s important that any trading platform you use is reliable and accurate. A good trading app will give you access to real-time data and pricing information. And there should be minimal downtime since you never know when you’ll need to make an important trade.
And most importantly, the right Forex trading app will keep your personal and financial data secure.
That’s why at Vantage FX, we uphold the highest standards for regulation and compliance. All client funds are held in a segregated trust account so you can have full confidence that your money is safe.
7. Customer support
Occasionally, you may run into problems and these problems don’t always happen during normal business hours. That’s why it’s important to look for an app that offers robust customer support.
At Vantage FX, we offer customer support 24 hours a day, Monday through Friday. If you run into problems, you can contact us by email, phone, or live chat.
How Do I Find the Best Trading App?
Hopefully, by now you can see there are numerous benefits to choosing a Forex trading app, whether you’re a beginner or an experienced trader. The best trading app will provide the convenience, security, and functionality you need to make the most of your trading experience.