ActForex launches ActDroid - an Android mobile phone application

by Oz Golan, Tradency.

ActForex has just announced the launch of ActDroid, a mobile trading solution for Android-supported Smartphones. The application enables live and demo users to place a trade via their Android mobiles. ActDroid is already available for the Android market. I have checked the application with the HTC Desire. From my point of view, the application has a user-friendly user and intuitive functionality for its users. The application is responsive to each click and orders are executed on time. The application uses the Droid technology very well and provides a dynamic and exciting user experience.

Mobile phone applications have become part of the Brokers standard offering. The main question is about the growth for Brokers business that these applications offer, and whether it is just a trend or if there is also financial logic behind it. I assume there must be financial logic behind it, since the market share of smartphones is growing rapidly and the market is accessible at any time on these devices.

Below is ActForex's PR.

ActForex Announces Release of ActDroid. Android’s Winning Technology Creates Demand for Better Trading Applications.

New York, NY, November 30, 2010 --(PR.com)-- ActForex, Inc., the leading provider of independent retail trading platforms, today announced the release of ActDroid™, a complete mobile trading solution for the Android™ smartphone platform. ActDroid is a full featured trading application that allows ActForex traders to log in to their existing trading account, view dealing rates, place trades, manage their accounts, and much more. Due to the excellent technology found in the Android platform, ActDroid offers more advanced features, and is specifically designed to take advantage of the sophisticated capabilities of Android's technology.

“The most successful traders know how to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the best technologies, which explains the demand from our clients to integrate the ActForex platform into the Android world,” said Ilya Sorokin, CEO of ActForex. “As we've watched this stellar mobile platform emerge as a leading player in the mobile market, we are very pleased to offer our ever-trusted and sophisticated ActTrader™ technology on the Android platform, further enhancing trading opportunities for our clients and their end users.”

ActDroid, ActTrader, ActPhone™, ActWebTrader™, along with other mobile trading applications make up the extensive line of trading solutions offered by ActForex. Traders are able to trade on any or all of these platforms while all trading activities are automatically synchronized.

Key features of ActDroid include:

• Live streaming dealing rates
• Real-time interactive charts
• Live trading from the existing ActTrader account
• Comprehensive order management
• Detailed account information
• Open position information
• Access to trading history
• Live, up to the minute news stream
• Instrument subscription management
• Background mode
• Push notification in the device status bar
• Attractive and intuitive interface

ActDroid is now available from the Droid Market.

About ActForex, Inc:

ActForex, Inc. has been providing leading-edge trading technology solutions for a multitude of FCMs, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000. ActForex platforms allow firms to offer trading in Forex, Futures CFDs, Equity CFDs, Currency options, ETFs, and Forwards.

ActDroid, ActTrader, ActWebTrader and the ActForex logo are trademarks of ActForex, Inc. ActForex is a registered trademark of ActForex, Inc. Android is a registered trademark of Google, Inc.