How is the rating for mobile users assessed? Below we bring up 8 of the most important points that are examined, checked, and verified for all mobile trading companies.
What is the first perception of the website?
For mobile users, it is of utmost importance that everything feels right from the start. If a site is not optimally made for mobile and may be chopped off or simply not visible well enough - then you go away quickly. Therefore, it is even more important for us to go through several different subpages and check that a forex broker or trading site has the right format, click-friendliness and general user-friendliness on several different operating systems and mobile models.
Who are the founders and owners?
Who owns and started the company? We at ForexTrading.uk just want to showcase serious sites, which have a bright future ahead of them and are constantly improving.
Spread and trading on mobile
Is it as fast, simple, and convenient to trade on a mobile phone as on a computer? Is the difference between the buy and sell price the same? In fact, there are never any guarantees and sometimes we get really surprised. Those who have the fastest and best opportunity for online trading, as well as the most competitive spreads, will of course get the highest ratings.
How much data traffic is used for the mobile phone?
Is data traffic optimised to be used so the site loads quickly? How many kb are consumed per second when a normal graph is loaded, or when placing an order. Of course, this affects the mobile forex broker rating when it's time to compare between different firms.
Is it possible to get detailed graphs even on a small screen?
Does your intended currency broker also allow you to rotate the screen in "landscape mode"? Do the currency graphs look good and are they detailed despite a relatively small screen? This is of course basic to be able to get good ratings from our mobile forex brokerage reviewer, who usually tests pages on the go from multiple mobile devices.
Which region's rules are followed?
It is important that the site for forex trading is regulated from United Kingdom, so that it has legal protection and is suitable for Brits.
What fees are there?
Is any type of fee applied if you do not log in for 3 months in a row? Do you have to pay extra just to withdraw your own money from the account? Of course, this type of fee is very annoying and gives lower rating.
How flexible is the leverage?
Is it a reasonable leverage for both large and small currency pairs, shares CFDs in Britain and the USA as well as for commodities such as gold and oil? Even if you do not always use leverage, it is a significant factor, regardless of which unit you trade on. The more flexibility, the higher rating can be expected.
Can both forex and shares CFDs be traded from mobile?
Sometimes it is more difficult to succeed in trading via mobile, either due to technical problems or that mobile platforms lack certain currency pairs and shares for CFD trading. Maybe the creators have minimised the interface for mobile phones, so that it will be faster to trade? In any case, it is annoying when the offer differs between different versions, and it is of course a disadvantage if we find such problems with a forex broker.
Should you still have any questions, do not
hesitate to contact us.
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