Way way back in 2009, financial spread betting provider CityIndex introduced its first spread betting and CFD trading iPhone app. Back then, no one knew if mobile trading would be embraced by the spread betting community, or seen as just another fad.
Since then, the company has been named ‘Best Mobile Trading Platform’ at numerous awards and the application has been downloaded thousands of times.
This kind of research is at the heart of both technical analysis and fundamental analysis in financial spread betting, and can go some way to ensuring your trading is based on analysis rather than instinct.
iPhone Spread Betting – Trading StylesAlong with the additional freedom and opportunities that iPhone spread betting has introduced, it has also created a need for some traders to adapt their spread betting styles accordingly.
Market Strategist Joshua Raymond commented: “The concept behind mobile dealing is to increase your potential to access prices whenever you want. The disadvantage could be that the more you look at prices moving, the higher is the potential for you to make impulse trades without proper research and analysis.”
This makes careful market analysis and a thorough spread betting strategy at least as vital – if not even more so – to iPhone spread betting as it is to any other form of financial trading.
2014 App Usage
In 2014 we saw suggested that, depending on the spread betting firm, 10-20% of trades were going through the iPhone apps.
There’s something about these apps that most of the companies have just got right i.e. reasonable navigation, seemingly good data speeds and simple transactions.
A number of companies now just need to apply these principles to their main website!
iPhone Spread Betting AppsOf course as of 2015 most of the large firms of spread betting apps for the iPhone:
Mobile Apps with Financial SpreadsBelow, screenshots from the Financial Spreads iPhone app:
Spreadex has expanded its product range with the launch of a spread betting iPhone app.
The app, which is free to download from the app store, allows users to open, close and edit financial positions, set orders to open, use the company’s charting facilities and manage their account on the move.
The Spreadex spread betting app is also fully customisable allowing users to create their own watchlists or shortcuts to key financial markets they have an interest in.
For those keen on day trading or share trading, the app allows clients to view market movements on the day in either percentage or points terms.
Trading App InnovationOur favourite innovation on an iPhone trading app so far comes from IG.
With most apps you need to log in to see the prices. With IG, when you are presented with the log-in screen, you can just turn your iPhone on its side and get prices for the FTSE 100, Wall St (Dow), DAX, EUR/USD, GBP/USD and a handful of other markets. Clever and simple. We like.
Spread betting carries a high level of risk. You can lose more than your initial investment or stake. Spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.