iPhone Spread Betting Apps 2013

A number of the top UK spread betting firms have released iPhone apps for their customers.  The following page provides a guide to the best iPhone spread betting apps recommended by us, in addition to the history and features of iPhone trading.

Overview of Different Spread Betting Apps:

History of iPhone Spread Betting

Ig Index iPhone AppCity Index became the first online trading platform to launch an iPhone app as far back as October 2009.  In 2010 and 2011 City Index was also awarded the “Best Mobile Trading Platform” award at the MoneyAM awarded.  You can learn more about each of City Index’s apps at their website including their iPhone, Android and Blackberry apps.

It’s estimated that more than 20% of City Index’s customers open trades on their mobile – and 90% of these trades are performed through the iPhone.  I think City Index’s “City Trader Pro” app is just the perfect platform for trading.  It allows you to open/close trades, make deposits, edit existing orders (including limit orders, stop-losses and OCOs), view live streaming technical charts, keep up with news alerts and view your account summary.

Nowadays most spread betting sites offer iPhone apps to their customers.  Capital Spreads, Tradefair, WorldSpreads, ETX Capital and the IG Index have all developed their own apps which can be downloaded for free from the Apple App Store.  In fact, IG Index’s app was listed in “The Sunday Times Top 500 Apps”.  The IG Index iPhone app uses PureDeal technology to secure all trades offers the most up to date live prices and charts.

Why Should you Start Using Spread Betting iPhone Apps?

If you haven’t already started using an iPhone app for trading than you’re honestly missing out.  There are hundreds of reasons that I can think of for wanting to start trading on your mobile.

The good news is that the popularity of the iPhone has made sure that spread betting firms treat it as their number one priority in terms of user functionality and marketing.  For example, the current City Index iPhone App is far superior to their older Blackberry app (OS 4.5 – 6) which still has pretty basic features and graphics in comparison.

Browse the Markets, Prices and Open/Close Trades

The most obvious reason for iPhone users to start using an app is that it gives you more control over your positions.  You can monitor the latest market prices 24/7, open/close trades, perform technical analysis and compare market patterns (adjusting the time line) directly from your phone.  By clicking on the Markets menu, you can browse thousands of markets (City Index’s iPhone app offers more than 12,000 markets) by using the user-friendly Search or Groups feature.

Opening trades is also easy with one-tap trading.  All you need to do is find the market you’re looking for, tap on it, adjust your preferred stake size, and then make the trade.  You can edit your positions or partially close/open them at any time by going to Positions to see your current open trades.

Live Streaming Charts and Packages

Most iPhone apps, such as Capital Spreads and ETX Capital, offer advanced live streaming chart packages on your iPhone which allow you to use multiple technical indicators such as Bollinger Bands, RSIs, MACD, Moving Averages, Stochastic Oscillators and more. ETX Capital actually recently introduced the use of technical charts on their iPhone app after positive feedback from customers.  It includes landscape, portrait and customisable settings which you can save as your preferences.

View Your Account Summary and Margin Limits

If you’re worried about going over your margin requirements than you can go to “My Account on most spread betting apps to check your current margin requirements, net equity, cash balance and P&L. This helps you to make quick decisions over whether you have enough cash balance remaining in your account or if you’re about to go over your margin limit (causing existing trades to close).

The ability to view previous orders (including date/time you opened/closed, the prices at which you’re opened and the markets) is also really useful for studying your previous trades and success.

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