Oinvest Mobile App – A Comprehensive Look
With mobile trading being a driving force of the FX industry, you can see a lot of apps released, aimed at improving the trading experience. Regulated and licensed by the FSCA, the broker also offers its customers a working app, powered by MetaTrader 4. With this brilliant app, you will be able to trade from anywhere – whether you are traveling, commuting, or simply want to use a mobile device for an improved experience.
With the help of the app, trading becomes an easier activity. You will get access to the latest trends and market information. The app is compatible with Android devices and you can make the most out of the platform immediately. As soon as you download the Oinvest mobile app from the Play Store it will install automatically and appear on your screen, thus, you can start trading instantly.
In general terms, MetaTrader 4 for the Android platform functions very well and the developers have something to brag about in terms of trading on portable devices. You can download MetaTrader 4 for Android directly from the Google Play store for the Android system.
What Does Oinvest App Look Like?
We have mentioned above that the Oinvest app is based on MetaTrader 4 so you need to download the app to start using the features of the broker. Actually, there is not so much past time after the release of the MetaTrader 4 platform for Apple iPhone smartphones, and MetaTrader 4 has already appeared for devices based on Google Android. The program does not position itself as a full-fledged management tool, however, basic options have become the main target for application developers.
MetaTrader 4 is one of the most popular Forex trading platforms on mobile around the world. It’s worth noting that the dashboard is clean and tidy, and you can connect to an existing or demo account (real or new).
Further, if you proceed to connect to an existing account, then immediately after the search you can enter the login data, which can be memorized by the utility’s memory itself. If you decide to open a demo account, you will need to enter a name, phone number, e-mail, and several characteristics of the future account in the mobile terminal: currency (type of account), leverage, size of the initial deposit. Opening a new account is instant, however, to create a real trading account, you will then need to visit the corresponding website.
Moving on to the points, you can separately dwell on quotes, after all, this is one of the basics of MetaTrader 4 for Android.
Oinvest Mobile Trading Features
In the more detailed mode, mobile trading is much easier to conduct, although there appears a sea of insanely small numbers, only this is for the benefit of those who want to find out in more detail the state of the market as a whole. You can switch from one mode to another in the MetaTrader settings. In addition, in the MetaTrader 4 parameters, you can connect the output of volumes and various levels of order fixing. For greater comfort, the schedule can be scaled using the multitouch option. The program does not yet support technical indicators in Android, but the developers have already promised to introduce this toolkit soon.
Leverage is a tool that allows you to maximize the winnings. Depending on the trading instrument you get access to a different amount of leverage. In general, you can get up to 1:200 leverage, but the other ones can have lower than that. Higher leverage is suited for traders who already have some experience in trading and novices who are just making the first steps in the FX industry should be careful with this tool. It can bring a lot of advantages and at the same time induce losses.
Oinvest Forex broker offers variable spreads. Spread is defined as the difference between the Bid and Ask price. This is also considered a commission fee for the broker. For example, the difference between $40,00 and $39,75 would be 25 pips. It generally impacts the overall fee for trading.
Pros & Cons of Oinvest Mobile Trading
MetaTrader 4 mobile trading platform on Oinvest offers a wide array of advantages to customers. However, there are a handful of disadvantages that we can also emphasize regarding the trading platform. Let’s have a look at both of them below.
Starting with the pros of the mobile trading platform, we can mention fast switching between financial instruments. At the same time, you get notifications and free financial news on market movements and price changes, that are going to assist you through trading.
The MT4 mobile trading platform at Oinvest is convenient to use. You basically get the world of trading in your palm. The app is perfectly optimized so you may not worry about errors and bugs. Navigation is simple and you are able to check everything instantly.
With the help of interactive charts, you can follow price movements in real-time. Actually, there are 3 types of charts to choose from: Bars, and candlestick. You can get the clearest picture of opportunities inside the app by interacting with the app.
Set of Trade Orders
The app is full of a set of trade orders as well as trading functions so you can use any trading strategy that you prefer. Instant execution is also supported, which means you can continue trading. Orders are executed even if the mobile app is closed. By placing stop loss and take profit orders, you can reduce the losses to a minimum.
Oinvest MT4 mobile trading platform is a good choice for every trader, whether they are just beginners or experienced ones. However, we should also have a look at the drawbacks of having an MT4 mobile app.
Slower Than PC
It goes without saying that even the strongest mobile device cannot compare with the average PC or laptop in terms of speed. While new mobile devices are good at launching apps at a decent speed, having MT4 on your computer is more comfortable. The platform will run much faster and smoother.
The same can be said about its display and view. When you have MT4 installed on your laptop or PC, you are getting a more improved version of the display. At the same time, multitasking on a computer is way easier than on Android or iOS.
FAQ on Oinvest Mobile
How to download the Oinvest mobile app?
Oinvest mobile app is powered by the MT4 platform, so you need to head to the Play Store and download MetaTrader 4 trading app directly. The app is also available on iOS devices, but in this case, you need to visit the App Store to purchase the product.
Does Oinvest Mobile consume a lot of data?
No, Oinvest mobile does not consume a lot of data, however, it does matter what you are doing inside the app. You are in fierce trading then most likely the app will drain a lot of cellular data. Also, to get the maximum out of the platform, it is better to have a 4G internet connection.