The results of 2011 and the popularity of these mobile trading apps so far, suggests our clients are simply after another way to effectively stay on top of a fast moving market, and another way to make greater profits.
Limassol, Cyprus (PRWEB) November 08, 2011
With a strong reputation for its focus on offering premier customer support, European licensed online Forex and CFDs broker Tadawul FX, continues to prove that adapting to customers’ needs is of utmost importance to the company.
A few short months after the launch of its upgraded mobile trading platforms, including apps for Blackberry, Android, iPad and iPhone, Windows Mobile and Smartphone, Tadawul FX has experienced an impressive 175% increase in mobile forex trading volume. A web-based Forex trading platform which was simultaneously launched, and which allows access via mobile phone and PC, was also very well received and has been used extensively by Tadawul FX traders.
In line with the overall increase in trading volumes seen across the industry in 2011, Tadawul FX has also experienced a large uplift, both due to the growth of the company and its client base, and also due to the volatility of the markets, which translates directly into large market movements and therefore further opportunities for trades. Global factors such as the unrest in the Middle East, the UK riots, incidents of natural disasters and so on, cause great shifts in the markets, allowing traders to take advantage and capitalize on these upward and downward market movements.
Stavros Yiannakou, Chief Executive Officer of Tadawul FX, explains that the increase in trading volume has been significant this year. “The benefit of Forex trading, which makes it superior to other investment asset classes, is that it requires market movement to make a profit, which can be on either site of the market’s directional movements. So even in a downturn there is potential to make money. And the larger the movement, the more potential there is for profit. With clients from 142 countries, Tadawul FX has seen a marked increase in trading volume, especially from European and Middle East regions directly linked to these large movements.”
Thomas Papantoniou, Chief Operations Officer of Tadawul FX, explains the impact of mobile trading applications on this increase. “With mobile trading, Tadawul FX clients have more opportunity to take advantage of these sudden and large market movements and to better tap into the volatility to their benefit, wherever they are. So far, the most popular mobile apps for our traders have been the iPhone and iPad, followed by Android, Blackberry and Windows. The wide variety of platforms covered, coupled with the option of a web-based interface, and a large choice of language options, is giving our customers direct access to the MetaTrader 4 platform and eliminating the need to download the platform altogether.”
Papantoniou adds, “Platform non-dependency and the simultaneous launch in 10 languages were specifically intended to take advantage of this market volatility. Our mobile applications have all been designed with practicality, speed and user-friendliness in mind. Traders can monitor prices on Forex and CFDs in real time, create ‘favourites’ and ‘watchlists’ for specific interests key to their portfolio. Traders also have the ability to open and close instant market orders, amend and place existing orders including SellStop, StopLoss, BuyStop and TakeProfit. There are user guides available if needed, in conjunction of course with our 24 hour support. The intention of these applications is ultimately to better inform our clients, which will inevitably lead to better trading. Backed by the trading results of 2011 and the popularity of these mobile trading apps so far, it seems our clients are after precisely the same thing, which is simply another way to effectively stay on top of a fast moving market, and another way to make greater profits.”
About Tadawul FX:
Tadawul FX, also known as TDFX, is an online forex broker. TDFX is licensed and regulated by the Cyprus Securities & Exchange Commission (license number 103/09) and is also registered with the UK Financial Services Authority (FSA) with registration number 516667, as well as the German regulators BAFIN (Reg 123252).
Tadawul FX offers mobile MT4 trading applications for iPhone, iPad, BlackBerry, Android and Windows Mobile as well as a Web Trader application for both desktop and smartphone. For further information and to access user guides for the mobile apps please visit Tadawul FX MT4 mobile trading.
For more information, visit http://www.tadawulfx.com or contact Tadawul FX at support(at)tadawulfx(dot)com or telephone: +357 25 200 920.