Spreadex’s iPhone Application Launch and Charting Upgrades

August 11, 2011Andy No Comments »

Financial spread betting specialist Spreadex has expanded its product range with the launch of a financial spread betting iPhone app. The application which has been developed by Spreadex’s in-house team of developers has been designed to be fast and secure whilst being simple-to-use. As well as iPhones, the app also works on the iPad and the iPod Touch.

Spreadex's iPhone Application

The iPhone application can be downloaded for free from the app store and empowers users to open, close and edit spread betting positions, set orders to open, use the company’s charting facilities and manage their account when away from a computer. Spreadex Marketing Communications Manager Andy MacKenzie was quoted saying: ‘There are now several spread betting betting apps on the market, but we’ve taken time to make sure our application operates smoothly and safely and is as straightforward as possible for traders to use.’

Selecting a Market

You can pinpoint the markets you are interested in by touching ‘Browse’ on the menu at the bottom of the screen to bring up a list of Spreadex’s complete range of markets. You can also search for the market of your choice using the ‘Search’ facility at the top of the screen, or you can touch ‘Watchlists’ from the menu to bring up Spreadex’s list of Popular Markets and also top rising and top falling stocks on the day.

Selecting a Market at Spreadex

Placing/Closing a Trade on Spreadex’s iPhone app

Go straight to the Deal Ticket by touching the green arrow button to the left of the market name. Alternatively, touch the market name to access the Deal Ticket, Order Ticket, Charts, Market Information or to Add to Watchlist. Once on the Deal Ticket you can select whether to sell or buy, choose your stake size and decide whether to place stop or limit orders. Your margin requirement for different stake sizes will also be displayed.

Placing/Closing a trade using Spreadex's iPhone Trading app

‘The recent market volatility has highlighted how crucial it is for financial spread bettors to always be in control of their trading wherever they are and this application permits Spreadex clients to manage their account from their smartphone while on the go. The spread betting application is also fully customisable permitting users to create their own watchlists or shortcuts to key financial markets they have an interest in.

For day traders who wish to keep touch with the daily market movements, the application allows clients to display market movements on the day in either percentage or points terms. The application is available free to download on the app store by searching for ‘Spreadex’. Alternatively, users can get a link sent straight to their phone by texting SPREAD to 88008.

The launch of the Spreadex iPhone financial trading application follows the release of the company’s Mobile Sports Betting Platform in late 2010. The optimised sports betting site works on a range of smartphones and allows punters to place sports spread bets or sports fixed odds bets from their mobile handset. Ahead of the start of the new Premier League season, sports betting enthusiasts can access the Spreadex Mobile Sports Betting Platform by typing www.spreadex.com into their phone’s browser.

Guaranteed Stop Minimum Distances Reductions

In separate news, last week Spreadex announced cuts in their Premium and Guaranteed Stop Minimum Distances on over 30 currency pairings to give clients added piece of mind in their trading. To see the full details please visit the Market Information Sheet.

Upgraded Charts

Spreadex have also upgraded the free charting package to include -:

  • ProTrendLines which automatically detects trendlines and plots them on the charts, allowing you to validate your own analysis.
  • 26 technical indicators with customisable parameters.
  • Volume indicators on equities.
  • Ability to share your charts on Facebook and Twitter.
  • Customisable chart axis and colours and many more features.

Thoughts: Advancing technology is quickly turning mobile from a niche into a mass market opportunity and spread betting providers were fairly quick to recognise this and develop bespoke applications. The last 12 months have seen a seismic shift in mobile spread trading, with soaring levels of smartphone penetration in the UK feeding into double-digit growth rates for providers operating in an increasingly competitive industry. Spreadex – although late to the party had the advantage of past findings to build an even better application.

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