ETFinance Mobile App – Features and Advantages
With mobile trading hitting its peak in recent years, plenty of Forex brokers started introducing their own apps, aimed at simplifying the user experience and providing more comfortable trading. This is a completely new technology that allows users to switch to their mobile devices instead of using laptops or PCs.
Regulated and authorized by CySEC, ETFinance is one of such companies in the FX industry that developed a convenient mobile app that is easy to download and use. Compatible with both iOS and Android devices, the platform significantly improves the trading experience and makes the process much faster. You are given the flexibility and the ability to use advanced features and tools for trading.
Another great advantage of the app is the availability of more than 350 assets from Forex to Bitcoin. By accessing the platform’s powerful toolset, you will be able to move on to a new level of trading. The ETFinance mobile app is completely free to use and there are no additional fees to maintain it.
What Does ETFinance App Look Like?
When it comes to reviewing a particular mobile app, it is necessary to overview its visual characteristics and specifics in more detail. As soon as you download the app from the store, it will install automatically and appear on your screen in just a few minutes. It has nice visuals and designs, ensuring to provide the best possible experience to customers.
The dashboard looks nice and that is the most important thing traders pay attention to – how the first page looks and what it offers. Immediately, at first sight, you will see a fully functional and nicely-looking dashboard, with everything you need, shown on your screen. The colors are chosen in a way that will make you feel the atmosphere of trading.
Navigation inside the app is also simple and straightforward. You will see the following buttons: Trade, Portfolio, Deposit, Markets – the most important ones you will need during your trading. They are logically connected to each other.
As for the optimization, the app is pretty well-developed, and likely there are not going to be any hindrances and bugs. It is updated constantly to ensure the best experience.
ETFinance Mobile Trading Features
Talking about the ETFinance mobile trading and app, there are quite a lot of features we can pick out. First of all, as soon as you download it, you get full control over your account and complete customization. The real-time balance level is also supported. If you want to get help immediately from the app, multilingual customer support will be always ready to solve your issues. The ETFinance mobile platform allows a one-click trading option as well. It is compatible with multiple devices and the availability of live chat is noteworthy. In short, the app is equipped with all the necessary features you are probably looking for.
Before we move to explain leverage and what is the maximum amount on the broker’s website, it is necessary to mention that there are 3 types of trading accounts available on ETFinance: Silver, Gold, and Platinum. The first one is suited to novice traders and the maximum leverage offered is 1:30, which is pretty decent. Gold account traders will get access to 1:30 leverage (retail accounts) or a maximum of 1:500 (professional account). The platinum account, as it already explains itself, is oriented towards seasoned traders with already having knowledge and experience in trading (1:500 maximum leverage). Leverage allows to opens increased position, which would otherwise be impossible with your balance.
We should follow the same concept when we are talking about spreads. Depending on the type of your account, spreads vary as well. On Silver, accounts spread start from 0,07 pips. On Gold accounts, they start from 0,05 pips, and on Platinum ones – 0.03 pips. Spread is the difference between the Bid and Ask price and is regarded as the commission fee for FX brokers. It can be said that spreads available on ETFinance will suit every trader, no matter the level of experience.
Pros & Cons of ETFinance Mobile App
ETFinance mobile app is certainly worth trying as you get numerous benefits. In addition to the pros of having the app, there are some disadvantages that we should take into consideration. This is a flexible and versatile app that guarantees seamless trading and we will review both sides of it below in our guide.
Starting with the pros of the ETFinance mobile app, there are a lot of advantages. Firstly, you can execute one-tap trading, which will reduce the amount of time it takes to carry out trades. 7 different timeframes are provided as well as analytical tools and indicators, alongside market news notifications.
One-tap trading also known as one-click trading allows you to carry out traders faster and effectively. It ensures the speed of trading. It is possible to open and close trades, set up leverage, stop loss and take profit in advance and with just one click you will get improved conditions.
7 Different Timeframes
Within the ETFinance mobile app, you will see 7 different timeframes that will notably expand your trading game. Timeframes are helpful in the sense that they provide assistance in particular periods. You can take control over the market, see the latest trends with up to one-month time limits.
Without analytical tools and indicators, making profits in Forex could be more difficult. With professional tools, using Japanese candlestick charts, Fibonacci retracement you can create a winning plan that will aid you during trading.
Instant Market News Notifications
With this feature, you are going to receive the latest information and news regarding the market and what the price changes are. Having a closer look at the market situation and what is going on generally, is beneficial. You will not receive pivotal moments and information with notifications.
As for the negative sides of the ETFinance mobile app, we can mention only a handful of them. It is not as fast as its PC counterpart. Also, the app is currently not available on Windows mobile devices. Multitasking is difficult as well compared to laptops and desktop computers.
Multitasking refers to the possibility of opening several tasks simultaneously without ruining the user experience. While the app is optimized decently, multitasking is difficult. It is not possible to open several things at the same time. For this one, laptops are advantageous.
Even if you have the latest model of any mobile device, still the speed of the app is nowhere close to the one you will see on your computer. It is not essentially a con and negative side, but generally, computers are way faster when it comes to trading.
FAQ on ETFinance Mobile App
How do you trade on the FBS app?
Trading on the ETFinance mobile app is simple: download the app from the Google Store or App Store, install it and log in with your account. Inside the app, you will immediately see the necessary features and buttons that will guide you through trading. One-tap trading is supported too.
Does ETFinance Mobile consume a lot of data?
No, ETFinance mobile app does not consume a lot of data, because it is well-optimized and developed. However, it still depends on what you are doing inside the app. If you are in the ultra trading mode, then most likely you will need to have a decent amount of cellular data. For the best experience, a 4G connection is recommended.