Apple is beginning to dominate the Australian smartphone market, with recent figures showing that 44.7% of all smartphones bought in the second half of 2017 in the country were Apple iPhones. That accounts for about 45% of all smartphone users in Australia, making it the most popular device, though it is just behind Android when it comes to operating systems.
For this reason, some of the best forex trading apps can be used with Apple devices. As well as a trading platform, there are various other apps for iPhone and iPad that can enhance any Australian’s forex trading experience.
These are five of the best Forex trading apps for iOs.
MetaTrader 4 is the most popular forex trading platform across the world, so it makes sense to use the same platform when trading from your mobile. Over 300 dodgy trading apps were recently removed from the App store after the Australian Securities and Investments Commission (ASIC) discovered unlicensed operators, so you can rest assured that most available are dependable.
Search for a MetaTrader 4 app that is fully regulated by the ASIC to stay safe. This will allow you to open, edit and close positions, deal through charts and set stops and limits. Benefit from all the best features of MT4 desktop from the palm of your hands.
Information and data are key to be successful trading forex and the Bloomberg Business App offers real-time access to the latest market news. A subscription to Bloomberg services is required but it can be worth it, as the app can be customised to track and analyse current market positions in currencies you trade. Along with portfolio tracking tools, you can stream Bloomberg TV through it as well. It’s up to date and compatible with all Apple devices including the iPhone X and Apple Watch 2.
There are various add-ons and standalone apps useful for traders. For those using short-term strategies, rate alerts are essential to staying updated with any currency price changes. The likes of XE Rate Alerts provide an instant notification when your set currency pairs reach a desired rate, helping you stay on top of things. With certain MT4 mobile platforms, rate alerts and alarms come included as an optional add-on.
The Thomson Reuters Eikon app for Apple devices offers more than just the latest market prices. It uses unique data visualisations that use both real-time and historical data and multiple currency pairs and analytics tools to help traders make informed decisions. A messaging community of over 200,000 financial professionals is also connected through the app.
Forex Economic Calendar
Optimised for iOS 11 and regularly updated, the Forex Economic Calendar app is one of the best on the market. Forecasts on currency rate changes based on important upcoming events along with explanations specific to your chosen currencies are provided, leading to a greater understanding. Choose from more than 20 of the most traded currencies to track, including events that may impact upon them in the future.
These five forex trading apps for iOS can help any Australian trader to refine their strategy, stay up to date with events and hopefully experience success.
Related: The Six Best Personal Finance Apps for Trading and Making Investments On Your iPhone