Why is Mobile Trading Popular?
A consistent rise in global GDP has been attributed majorly to three main factors. Besides, of the surge in protection reforms and the increase of imports for production in emerging economies like China, the third factor is advancements in technology related to the global financial markets.
With the advent of smartphones with superior features and operating systems, online trading platforms like MT4, MT5 and cTrader could be customised for mobile phones. Almost 92% of the people in the age bracket of 25–34 years and 83% of those in the age group of 35–54 years own a smartphone, according to a 2017 Deloitte report.
IronX also leverages on this trend, by offering clients the ability to trade cryptos on secure online trading platforms that are also accessible across mobile devices and compatible with mobile operating systems like Android, iOS, and Windows.
Mobile Trading Features
It is essential for the crypto market to ensure the deep liquidity pool and attract more contributors. This will rank up crypto trading on the global financial arena and draw the attention of businesses and investors. One of the ways to consider reaching this is mobile trading. Once trading platforms became mobile friendly, the horizons breaded and the number of potential traders rapidly increased.
With mobile trading, instant trade executions became possible. It proved to be advantageous to those with limited access to terminals at their workplaces and those who had to travel extensively.
It has also opened up trading opportunities to those who were less inclined to access desktop platforms like retired pensioners and part-time traders. Recently, the dominance of social media activities in our lives has led to an increase of trading volumes in social trading apps. These trading applications also allow traders to interact on social platforms and exchange their experiences, or even helpful trading tips.
Today, mobile trading apps are not only about access to the platform, but they also allow trading simultaneously with chatting and watching the research analysis. The quality is improved, and the number of new users is growing because of new exciting opportunities.
With technological advancements, the mobile trading experience today looks promising, and the IronX Exchange is targeting to follow this trend providing its clients with multi-platform access from any device, offering trading of crypto and traditional instruments through its native platform.
For the growing crypto industry, providing a great mobile experience to traders is now more important than ever before.
