The usage of mobile for trading in stock markets has been swiftly gaining recognition following the growing participation of retail, as well as institutional clients. There has been a sharp uptick in people trading with the help of mobile applications of different brokerages on their respective smartphones in the last three to four years. However, the proportion of people engaged in trading via mobile applications is way less than the total trading population. If you are on a trip, in the cafe, or on the walk and you want to trade, just enter the mobile app and go for it! vfxAlert
app for mobile trading is created for dynamic people with big plans and goals.
The shift from desktop computers and other trading terminals to mobile trading applications has been largely driven by the ease of placing orders with an active eye on the portfolio according to the current market prices. Almost all the brokerage houses have their mobile trading applications which are being monitored by the in-house technical teams. Several brokerages, nowadays, are also incorporating artificial intelligence (AI) in mobile trading applications, possibly, to reduce the human interface. The customised features designed based on queries that are frequently asked by the users and several automated functions on the mobile trading applications are making them more efficient.
A large number of mobile trading applications have restricted access which implies that there can be several barriers such as the unavailability of derivative products, currency products and data on international stock indices. Small screen size is a big drawback for the users. A trading platform usually contains a bunch of details that can’t be viewed with ease on a smaller screen. However, this problem has been reducing steadily with the introduction of larger screen sizes and trading applications for tablets.
Connectivity on the mobile trading platform is another big issue as the wireless signals may disrupt remote areas and several hilly locations. A disturbance in the mobile network at the time of placing an order may lead to a partial loss of funds being transferred to the exchange or the brokerage firm. Other than the high-end smartphones, most of the budget smartphones don’t have a fast processor due to which the normal operations on the phone progress with slow speeds. The lower processing speeds of the smartphone can lead to delays in placing orders as compared to the desktop terminals.
