I know it’s a pretty bold statement, but that is where the industry is headed. In fact, not only is mobile trading the future but in some ways, it has already become the norm, especially if you look at the latest trading software.
New and cool features are being implemented all the time and the future for mobile trading is looking bright.
But before we get into why mobile trading is the future we need to rewind a little bit because the situation is not black and white, and mobile trading isn’t perfectly suited for everyone.
Mobile Trading is not the future for everyone
At least not yet. As a professional day trader, mobile trading just won’t cut it due to certain limitations. If you’re trading for a living, you most likely have a setup with computers and screens that a mobile app couldn’t replace. And even though you’re probably using trading apps when you are out and about, it’s not a complete solution.
There is also a large group of traders that prefer trading on desktop platforms for other reasons even though they’re not professionals. In many ways it’s still more practical to trade on a computer.
Nevertheless, for a large part of today’s traders, mobile trading is already the future and let us tell you why.
Trading Apps are better than ever
Over the last 6-7 years, trading apps have evolved from being a tool you mostly used to monitor your open positions and for simple signals to full-blown trading software that supports analytic work and actual trading.
Brokers from all over the world are allocating more of their resources than ever before to their mobile software, and the results are quite staggering.
During 2017, many forex brokers saw upwards of 50% of all transactions done on mobile devices and it looks like the numbers might be even higher this year.
Competition seems to be extra fierce among stockbrokers trying to develop the best stock trading apps. Just take a look at top stock trading apps in the UK and you will realize that trading is slowly moving over from desktop to mobile.
Are all Mobile Trading Platforms the solution?
One of the best examples of why mobile trading will play a huge part in our future are some of the trading software that are being launched right now that are completely mobile based, Robinhood being the most well-known.
Naturally, this shows a shift in consumer interest since some people seem happy to only trade on mobile devices, although it doesn’t mean mobile trading is the solution for everyone.
As mentioned, there are still a lot of people that prefer trading on computers and things will most likely remain like that. Also, the mobile software that is available today is still far away from being able to compete with desktop platforms on every level.
Final words
If you’re a beginner to mid-level trader today and you’re not doing at least some of your trading on a mobile device, you’re a part of the minority. Never before has mobile trading been as popular as it is today, and as trading apps get better and better I see no other future than one where at least half of all trading is done on mobile devices.
I like mobile trading but my challenge is IQ options trading app is too large can’t they improvise it to reduce its capacity as it was in the past mobile platform’s for android ranged at 35 to 50 mb in size but now its too large it freezes most times as most androids are smaller or not compatible for that large file
Hello, Lawrence!
Thank you for the suggestion! As far as I know, we are not going to reduce it’s capacity, for now. We will consider your feedback in the future.
Agreed. My iphone 6s literally overheats just by having the IQ Options mobile app open. I rarely use it and prefer to interact with IQ Options platform on my Mac. Although i do enjoy Pepperstone MT4 mobile apps, simple, lean and easy to use. That said my mobile interaction is mainly for monitoring open trades and live markets prices, i still don’t have confidence in placing orders via mobile platform.
bokbeauty7@gmail.com
I have a little bit knowledge of trading binary in own option.if I can have someone who can help me with problems of here and there I will be pleased
Hello!
If you have any questions or need help in trading, please, contact directly our official support and don’t believe so-called managers.
Hi to every one, it’s in fact a good for me to pay a visit this web page, it includes helpful Information.
Hello there!
Could you please specify your question? What payment do you refer to?
You can sign up to IQ Option for free 🙂
Thank you in advance!
By having IQ option, which mobile or tablet overheats?
Apart from this, I know all PC is better.
Hey Katie, no phone / tablet should overheat, if it does then get it checked, it is not safe.
Well, if blurry text is not going to get updated for Windows DPI scaling, then Mobile trading is certainly going to be the future – atleast for the time being. Lol.
Nice post. This article is discussed on a very important topic which is going to leave a huge impact in the future days.
Thank you so much, David! And good luck in future trades!