AvaTrade Launches New MT4-based Trading App for Android and iOS

Retail forex and CFDs brokerage AvaTrade is launching a new mobile Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that is designed to boost trader engagement. The solution delivers more opportunities for Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term on the go, therefore delivering more user engagement. The app’s name is AvaTradeGO and it is developed with MetaTrader 4 at its core.

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The MT4-based application is a step ahead of the genuine solution from MetaQuotes, delivering additional features that are well thought out. The home screen of the app displays open positions and the hottest assets for the day. Be it stocks, forex or commodities, the app also displays which pairs have been most active and trending.

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The app appears to build on top of MT4 some key retention functions that will keep traders more informed and active on the market.

Commenting on the launch, the CEO of AvaTrade, Dáire Ferguson, said: “During the entire planning and development time, we always had the trader experience as the main objective, to make his/her trading experience with AvaTradeGO not only good - but really marvellous. Looking at the final product I feel we have accomplished that, and we will continue to enhance the features and make it even better still.”

The app delivers standard charting based on MT4 which includes a number of widely used technical indicators.

Mobile Trading - a Key Factor

Mobile trading applications have become crucial for retail forex and CFDs brokers. While focusing development time on developing web-based solutions was the focus of some brokers, others have been banking on mobile.

Plus500 is one of the firms in the industry that is regularly reporting on the percentage mobile volumes it generates. The Israeli broker’s clients transact close to 70 percent of their trades via mobile.

Earlier this year, ThinkMarkets announced the acquisition of Trade Interceptor. After a short period of development, the company successfully integrated the app into its offering.