Saxo Bank mobile app Traders Union analysts review

Saxo Bank, a licensed European bank offering expert online trading and investment solutions, has announced the launch of a new mobile version of its trading platform optimized for iPad and iPhone. As noted, the platform features modern functionality for efficient work with a whole range of financial instruments: access to all transactions in the financial market; news and analytics; flexible settings and functionality; and the ability to always be aware of financial market events.

For example, the application gives access from one account to 160 cross currency rates, gold and silver markets, currency options, over 8 thousand contracts for difference on 23 world stock exchanges and futures transactions on 15 world stock exchanges. Clients can also receive up-to-date analytics and news directly in the mobile app by selecting information sources and topics according to individual professional requirements.

App’s functionality

All of the app’s main functions can be individually configured — the platform allows the user to work as usual. Almost all the features available on the desktop application are also implemented in the mobile version: the user can open orders of all types, set and edit order parameters, receive detailed information about his trading account, open positions, Saxo Bank reported.

By installing Saxo bank mobile app, customers will be able to monitor their positions and market dynamics at any time, anywhere in the world where there is internet access. The app enables clients to trade the whole range of financial instruments on offer, making transactions at the most opportune moment. Application is available on the Apple App Store. Users who have installed the platform on their mobile devices will be automatically notified of all system updates. To date, according to Saxo Bank, more than 60,000 traders have downloaded the new app and Saxo Trader for iPad and iPhone accounts for 8% of Saxo Bank’s trading volume.

The updated application will be installed to all Saxo Bank clients — in France and Belgium, United Kingdom, Singapore, Hong Kong, Panama, South Africa and Russia. The launch of the application for clients collaborating with the bank under the White Label program was already completed in October 2012.

Download the mobile app from Saxo Bank, which provides users with the following features:

  • Direct access to trading accounts;
  • Placement of entry and market orders;
  • Management of open orders and positions in all groups of instruments;
  • Simulation of real trading with the demo account;
  • Viewing the account balance, margin data;
  • Customize the news feed with RSS integration;
  • Tracking macro events with the economic calendar;
  • Overview of currency exchange rates;
  • View different types of Charts to track price trends (Line, Candlestick, OHLC, HLC).

In terms of functionality, fundamental data and Saxo Select are missing from the mobile app. We believe that SaxoSelect should also be included in the mobile version, but without the fundamental data the app can be used to its full potential.

Related Posts

Recent Stories