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TMCNet:  OANDA Takes Mobile Forex Trading to the Next Level

[March 26, 2013]

OANDA Takes Mobile Forex Trading to the Next Level

TORONTO --(Business Wire)--

OANDA, a global provider of innovative foreign exchange trading services, today announced a significant update to its OANDA fxTrade mobile applications for iPhone, iPad, and Android (News - Alert) devices.

(Photo: Business Wire)

(Photo: Business Wire)

OANDA's fxTrade mobile app allows users to quickly monitor forex market activity as well as manage positions, control risk, and monitor account status and profitability while on the go. The free app's intuitive design makes the most of native iPhone (News - Alert), iPad, and Android capabilities to provide features that traders need to stay on top of the fast-moving forex market.

"We are excited to finally bring robust desktop trading functionality to the smartphone," said Trevor Young, Senior Director of Product Management at OANDA. "In the past three years our clients have progressed from merely checking positions and prices with our mobile app to using it to plan and execute trades. As mobile continues to evolve as the go-to computing platform, OANDA will be at the forefront of mobile trading technology design with our commitment to provide the types of trading experiences our customers expect from a trusted forex innovator."

Key features of this new version of OANDA's fxTrade mobile app include:

  • Advanced charting functionality that allows users to overlay various technical indicators for enhanced price-data analysis
  • Customizable charts in a greater range of intervals (ranging from 5 seconds to 1 day)
  • Full visibility into price action from a single screen, with continuous display of current prices even whn manipulating chart parameters
  • A sleek user interface that allows easier chart navigation, one-handed chart manipulation, scrolling trade history, and pinch-to-zoom capabilities
  • Streaming news feeds from top providers such as Dow Jones, Thomson Reuters (News - Alert), 4Cast, and UBS Analysis (iPhone and Android only)
  • Push notifications for limit orders, stop loss and take profit actions, margin notifications, and price alerts (price-alert notifications are not available on iPad)

Continuous improvement: an OANDA hallmark

With this latest application update, OANDA continues its track record of innovation in mobile trading. Today's release is the result of more than 18 months of work from the OANDA mobile development team, and incorporates user feedback from OANDA customers globally. Mobile devices already account for 30 percent of logins and 15 percent of trades for OANDA clients, a number that has risen rapidly since the company introduced its first mobile trading app in 2010.

"There are no longer any compromises when it comes to mobile," said OANDA CEO K Duker. "With this new version of our trading app, we're providing our customers with what they want: a robust platform at their fingertips and a great trading experience, no matter where they are. We've seen a strong increase in downloads and use of OANDA's native mobile app in the last 12 to 18 months, and today's product keeps our clients at the forefront of this industry trend."

The OANDA mobile apps for iPhone and iPad users are available for download in the App Store, or on the Google Play apps store for Android-based smartphones and tablets. These apps complement the OANDA MetaTrader 4 mobile applications that are available for iPhone and Android smartphones and tablets.

Note to Editors:

About OANDA

OANDA Corporation has transformed the business of foreign exchange through an innovative approach to forex trading. The company's award-winning�online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. OANDA's powerful, flexible fxTrade platform is also accessible via mobile applications for iPad, iPhone, and Android devices.

In 2012, OANDA was named "Best Forex Provider" by the Financial Times (News - Alert) and by Investors Chronicle; "Best FX Broker" by Forex Magnates; and was recognized by Investment Trends Singapore as providing "Best Value for Money" and "Highest Overall Client Satisfaction". OANDA was also the first online provider of comprehensive�currency exchange information. Today, the company's OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.

OANDA has six offices worldwide, in Chicago, London, Singapore, Tokyo, Toronto, and Zurich. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Services Authority (FSA), and the Japanese Financial Services Agency (FSA).


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