4 AWESOME Mobile Trading Platforms That Are Rocking in 2020

**fxfarmerashik** · 17-06-2020, 05:45 PM

Thanks to the invention of smartphones and tablet devices, traders do not have to stay glued to the computer and their chairs all day.

Back in the day, it was always an ordeal knowing that news trading was about to take place, but one well will be stuck in traffic or engage in some other tasks and impossible to monitor the news or chart first, let alone being able to take the trade.

But along came the smartphone and tablet in 2007 and everything changed. Now you can be in the toilet, on the beach, or even in the course of Uber and have the ability to check the position of trading or other monitor events in the market, directly from your handheld device. It has brought a lot of convenience in trading activity.

But what would be regarded as the best mobile trading platform for Forex trading? If you're a retailer, you might consider the MT4 and MT5 as almost on the list. But mobile trading is not for retailers only.

They are traded on the prop firm and even institutional traders can also check out some trade-related things on their mobile devices as well. So you also have a platform that serves this purpose on the market.

So here is a list of what I consider to be the best mobile trading platform available today for Forex trading.

MT4 / MT5

MetaTrader mobile application is a generic mobile application, which is used to serve many Forex brokers that offer it. So you really do not get a branded mobile trading platform. This has advantages and disadvantages.

For example, mobile applications a lighter version of the desktop and web-based versions, making it easier to access charts and analytical tools on the basis of mobile applications.

But the disadvantage is that many of the functions needed for in-depth analysis have been sacrificed. So when compared to mobile applications such as global Lmax mobile apps (which we'll discuss later in this article), MT4 / MT5 mobile application bit shortcomings in this regard.

Also, it is not possible for the news trade effectively because there is no way you can scroll from the news bar graph to react quickly enough before the initial news spike.

Mobile applications for MT4 and MT5 have the following features:

Function display multiple graphs
Indicators are classified according to how they are listed on the desktop version (the trend, momentum, volume, and Bill Williams).
Analytical objects (24 to MT4)
A circular disc containing all time frames. You can choose one by simply clicking on the appropriate time frame.
You can check the market and browse news headlines also you'll get several Forex signals by connecting with the other traders using MT4.
Touch screen smartphones and tablet devices are also used to apply to this function, track and adjust a variety of graphics tools.
It must be said that the latest version of the mobile application MT4 / MT5 is a vast improvement over previous versions, and trade much smoother now than it used to in the early days.

Lmax Mobile

Lmax is a Forex broker providing trading services to clients ECN. Product suite tailored more for institutional clients but is also open to traders who have the financial ability to trade forex using ECN-style conditions.

Lmax has a mobile application suite known as global lmax. The global Lmax mobile app suite, available for iOS and Android devices, and it comes as a package 3-in-1. Components of this application are:

VWAP Lmax applications, the flow of market data from liquidity pool which is located in New York, London, and Tokyo.
Lmax News app, which provides the latest news and results from the press release of economic news calendar
Global Lmax mobile applications provide full trading functionality along with other features available on the ECN platforms such as:
Fast trade access,
Data VWAP latest FX market
Real-time news FX
No objection 'last look'
Low latency trade execution
Access to the company's streaming liquidity limit order
Traders can also place trades with the one-click trading facility, achieved the partial closure of the trading position, and up to 5 levels of market depth.

Among the mobile applications provided by lmax is the VWAP application, which provides up to 20 levels of market depth and market data for the asset FX, indices, and precious metals. You can also easily between the transit trade to find the best price.

This application provides the same functionality you get from using the desktop version of the trading software Lmax.

Perhaps the only drawback of using this mobile application is that it uses live data feeds, which can lead to the consumption of large amounts of data and increased internet data costs for the user.

TradingView

While this is not a trading platform per se, TradingView mobile application can be used adjunctively in the trade as it comes with many features that can be used during core trading.

TradingView allows traders and investors to share trading ideas, mounting price alerts once the main level has been reached on the charts, and also have access to advanced charting application that contains a variety of tools and indicators such as Forex signal.

You can create and customize your own watchlist in TradingView, allowing you to follow only the assets that you are interested in trading.

Charting packages provided by TradingView is arguably one of the retail Forex industry, and on mobile platforms, they are only as strong as visually appealing and web-based packages.

The advantage of using the TradingView chart is that it also comes CFD market data for other assets found in the retail Forex platform, and not just the FX assets only.

FIX API Trading

FIX API trading platform is known as the best mobile trading platform which is available today. The advant5ages of FIX API Trading are:

Customized liquidity for Active traders in an Ultra low latency trading environment
Liquidity solutions that enable clients to realize their objectives
Access to cutting edge price engine technology at competitive clearing cost based on volume.
All trading styles welcome HFT, News, other toxic strategies.

These four trading platforms are the best mobile trading platform for 2019-20. So, which one are you using?