As technology continues to develop faster than ever, we have a better, more advanced smartphone in our hands every few months. This small phone that fits in the palm of our hands can do so much, including trading online
Many investors today are trading from their iPhone. In fact, TD Ameritrade reported that about 25 percent of trades that were placed in 2018 by their investors were done so through mobile trading, including tablets as well. While only about 315,000 investors logged in using mobile devices in 2017, this number increased to a massive 642,000 in 2018.
One of the main reasons that mobile trading has seen such a sharp increase in previous years is that today, the disparity between a smartphone and a PC have been significantly erased thanks to advanced technological improvements. As such, mobile devices such as iPhones have become as reliable, quick, and capable for trading as PC.
Moreover, the generational difference has a role to play too. Many of the traders using mobile phones for trading are Gen X and Gen Y – populations that are comfortable with using today’s technology and are excited about being able to have real-time control over their trading accounts.
Main advantages of trading on iPhone
Trading on mobile devices such as your iPhone comes with plenty of benefits, many of which you wouldn’t have access to if you use other platforms. It is crucial for traders to be on top of the news, and be updated of every market activity, and the convenience of a mobile phone allows you to do that.
Whether you are a newbie trader or a seasoned trader with years of experience, you can reap the many advantages of trading from your iPhone. It may be difficult to wrap your head around the fact that the same device you use to take a selfie can be used for trading and investing, but there is no need to be apprehensive of new technology just because you are unfamiliar with it. Millions of traders worldwide are using their iPhones for trading and seeing exceptional results.
If you still need a little more convincing or simply want to learn more about the possibilities, here are the main advantages of mobile trading via iPhone:
- Convenience and availability
One of the biggest advantages that mobile trading has over other platforms is that of convenience. You can easily and readily access your account on the go, whether you are on the train, at the mall, at work, or at a party, as long as you have a steady internet connection. You don’t have to be at home, in front of your PC to trade.
This means that you won’t miss any opportunity. You can buy or sell in real time, as soon as you are alerted of market activities, which is also made easy as iPhone trading apps can send you news alerts in real time.
- Manage multiple accounts simultaneously
With mobile trading, you can easily multitask and simultaneously manage multiple accounts. If you use a trusted and reliable trading app, it will be easy to navigate and highly operational, designed to meet all your needs.
- User-friendly interface
Another great advantage of iPhone trading is that today’s trading apps have a very user-friendly interface that is easy to navigate on your own. The platforms have been designed to keep in mind the smaller screen of mobile phones, which translates to simpler features and clean interfaces.
This is a huge advantage especially for beginner traders who may not have experience working with complex interfaces with numerous features. Moreover, trading apps often have more than one language option so traders from all backgrounds can access them.
- Latest software and technology
Brokers are always working with developers to improve their mobile trading platforms. They are continuously looking for ways to enhance the interface, improve the app’s reliability and efficiency, and improve security to protect your account from the latest online threats. With the latest technology at your disposal, you can expect advanced analytics, real-time alerts and notifications, etc.
- Utmost safety and security
With iPhone trading apps, you can rest assured that you’ve got safety and security on lock. Your funds, as well as your transaction details are always secure and never exposed or shared with any third party. Your funds are protected using an effective encrypted firewall to protect your account from any kind of fraud. Moreover, your personal details are also never compromised when you use a trusted mobile trading app.
- Automatic investments
Many mobile trading apps today even come with the ability to make automatic investments for you. For example, you have apps that can round up your spare changes every time you use your debit or credit card, and invest those changes in ETFs.
