Tuesday, November 21, 2017

A Review of the CMC Mobile Phone Trading Application

Mobile trading has become an increasingly common way to earn a bit of extra money without needing to be tied down to a traditional PC or laptop. In fact, some predict that smartphone applications will soon overtake static websites. Many larger financial portals have already begun to realise this revolution and they are now offering truly state-of-the-art options for clients of all skill levels. CMC Markets is a perfect example of this opportunity and their trading app is one of the best in the business. Let's review what is in store for the user as well as take a look at a handful of its most defining characteristics.

A General Overview

Many believe that a smartphone application is only as good as the UI (user interface) that it provides. Traders will have happy to learn that this app mirrors the exact same levels of functionality that is found throughout the CMC Markets main website. as it is available for both iOS and Android systems, there are few concerns in regards to compatibility. A download will complete in a matter of minutes and once installed (assuming that the customer already has a CMC account), trading can take place immediately. Let's also point that this app is fully compatible with 3G and 4G connections, so real-time data is always close by.

The Technical Side

Modern investors need to be provided with a wealth of trading and financial instruments. This enables them to make on-the-fly decisions when the time is right. This application is currently equipped with more than 35 technical indicators and charting tools. The ability to quickly generate order tickets should also not be overlooked. Some of the options associated with this function include:

  • Trailing stops
  • Price ladders
  • Boundary orders
  • Stop-loss orders

Each of these is intended to address the discrete needs of the individual trader. If you have been looking for a superior sense of flexibility, you have come to the right place.

Real-Time Trade Executions and Information

Whether referring to a CFD trade, a Forex position or an index-based asset, the fact of the matter is that obtaining real-time information is crucial if you ever hope to enjoy success within the fast-paced trading community. This is why it is critical for any app to provide immediate access to important data. Investors can obtain updates in as little as five seconds, so staying ahead of the curve has never been easier.

Rates, Trading Hours and More

Obtaining an accurate overview of any product or asset is another important benefit to keep in mind. This application allows users to access such information with the click of a button. They can view stop-order limits, available margins, spreads, commissions and similar metrics. It is also possible to view the trading hours associated with a particular asset or market. Planning ahead has become much more of a reality and when fees and commissions are made clear, it is much easier to predict potential profit margins.

To make things even more streamlined, users can fully customise their home screen and their dashboard. So, the app truly has a feeling of "home" when compared to generic systems which are inflexible and even awkward. On a final note, push notifications can be generated so that the trader is immediately alerted in the event of a sudden price change or any late-breaking news.

An Award-Winning Application

As a testament to the prowess of this unique app, it has earned several awards in recent times. It was recognised as the best CFD and FX trading platform by the 2017 UK Leverage Trading Report and it earned the distinction of being the Best Mobile Tablet/Application of 2016 from the Online Personal Wealth Awards.

This review has only touched upon some of the major advantages associated with this application. In order to learn more, it is a good idea to navigate to the official website and to read through the detailed descriptions. If you have been looking to take your investment skills to the next level, this mobile app could be a great option.