OANDA enhances chart trading on mobile app, rolls out new web platform
The mobile app for iOS devices has improved chart trading capabilities and enables traders to modify Limit/Stop order types created through trade.oanda.com or MT4.
Electronic trading and financial technology provider OANDA continues to improve the functionalities of its trading solutions, with the fxTrade mobile application for iOS devices being the latest to enjoy some enhancements.
The latest version of the app (5.4.1) builds on the functionalities introduced in the preceding version, especially the Chart Trading feature.
Dragging Take Profit, Stop Loss, and Trailing Stops on the chart in the latest version of the application now shows pip distance, whereas dragging Trailing Stops on the chart now shows PL.
Traders can also collapse the Buy/Sell box on the chart by tapping the blue title bar with the instrument name.
In addition, traders can modify Limit/Stop order types created through trade.oanda.com or MT4.
The latest update to the mobile application is released after in February this year OANDA added Chart Trading to the solution, enabling traders to open and modify trades and orders directly on the chart. Traders also got the ability to add and adjust Take Profits, Stop Losses, or Trailing Stops directly from the chart.
While we are on the topic of OANDA trading solutions, let’s also mention their new web platform. The platform provides traders with access to Advanced Charts powered by TradingView, as well as a redesigned order entry window that allows Take Profits and Stop Losses to be placed based on price or pips. In addition, the platform offers traders quick access to trading tools like up-to-the-minute market news and OANDA Technical Analysis powered by Autochartist. Traders also have the ability to deposit and withdraw funds without leaving the platform.
The platform works with all modern web browsers.
Earlier this month, OANDA made a move toward enticing US clients with the launch of a new pricing option – raw spreads plus commission. The move comes as FXCM is leaving the US FX market and it was FXCM that, back in 2014, offered this type of pricing to its clients.
Now, as FXCM exits the US, certain customers may find it appealing to stick to the same pricing model – this time, however, by choosing OANDA.