Oanda Upgrades fxTrade Mobile App

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New York-based foreign exchange (FX) trading services provider Oanda has upgraded its fxTrade mobile applications for iPhone, iPad, and Android devices.

Oanda's fxTrade mobile app allows users to monitor FX market activity as well as manage positions, control risk, and monitor account status and profitability on the go. The latest release is the result of more than 18 months of work and incorporates user feedback from Oanda customers globally. Features include advanced charting functionality that allows users to overlay technical indicators for enhanced price-data analysis; customizable charts in a greater range of intervals, ranging from five seconds to a day; full visibility into price action from a single screen, with continuous display of current prices even when manipulating chart parameters; a new interface for easier chart navigation and manipulation; and streaming news feeds from providers such as Dow Jones, Thomson Reuters, 4Cast, and UBS Analysis.

"We are excited to finally bring robust desktop trading functionality to the smartphone," says Trevor Young, senior director of product management. "In the past three years our clients have progressed from merely checking positions and prices with our mobile app to using it to plan and execute trades. As mobile continues to evolve as the go-to computing platform, Oanda will be at the forefront of mobile trading technology design with our commitment to provide the types of trading experiences our customers expect from a trusted FX innovator."

Mobile devices already account for 30 percent of logins and 15 percent of trades for Oanda clients, a number that has risen rapidly since the company introduced its first mobile trading app in 2010.

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