Mobile Spread Betting
Let’s face it – smartphones have conquered the world. This is a proven fact and users love them especially for their ability to connect to the Internet in an instant. According to recent research smartphone usage in the UK rose 70% to 11.2m users during the year to January 2010, making the United Kingdom the top European market. his trend has prompted spread betting providers to create special applications for smartphone users. The tendency seems to be heading towards mobile trading, with providers now offering mobile applications to complement their trading platforms.
Markets are continually moving. Currencies, as well as some global indices and commodities, trade on a 24-hour basis and this creates opportunities but we can’t be around to always take them. Luckily, we don’t have to be always in front of a computer screen anymore, thanks in large part to the rise of mobile trading. Mobile trading is now enabling traders and investors to trade on the move. The exploding expansion in Smart phone gadgets in the United Kingdom and elsewhere in 2011 has led to increased numbers of spread traders utilising mobile phones to keep abreast of markets and running trades. Anybody who owns a Blackberry, iPhone or Android mobile phone can now trade very conveniently. Most often, the mobile trading service is provided by some of the leading spread betting providers themselves but the trading platform would have been tweaked to make them compatible with mobile phones.
The growing amount of mobile applications allows more and more people to conveniently surf the Internet using their mobile or smartphones. Therefore, it is no surprise that spread betting providers have put a lot of effort into developing mobile trading applications. Pre-2009 over 95% of spreadbetters used to use online platforms to trade with mobile trades just accounting for 2% – however today this figure is closer to 20% helped no doubt by the additional mobile trading applications providers have developed for Android and iPhone handsets. And now with even more spread traders trading via Smartphones, information is more accessible and convenient to analyse than ever before.