SUMMARY
The Forex Trading Banking and World Stock Investment app is yet another mobile trading platform that traders can consider. This mobile application differs in that it offers multiple trading offers, all within a single platform. Traders will have access to cryptocurrency, Forex, commodity, and stock investments. The app was launched at the end of 2020, but it has had over 1,000 downloads and many five-star reviews in less than a month. In this article, we will walk you through some of the notable features to help you make an informed decision on whether this mobile trading platform could be useful for you.
Fees
Account Opening
This is a mobile-based platform, meaning there is no host website where you can access your trades. Mobile-based trading platforms have their advantage in that they are with you wherever you go. Most people have their cellphone attached to their hip, so it will be easier to track trades and check on their progress when the platform is housed on a device that’s always with you. Of course, there are also disadvantages to mobile-based trading platforms, such as the screen being too small. We encourage you to weigh out your pros and cons and choose a platform that will meet your needs and be most useful for you! Everyone is different, thus why there are so many trading platform options to accommodate everyone’s preference!
If you do decide to use a mobile-based platform such as the Forex Trading Banking and World Stock Investment app, you’ll head over to wherever you download apps, search for the app, and download. Once you’ve downloaded and opened the application, you will be presented with a series of prompts to gather some information and set your preferences. Once your account is set up, you’re ready to start using the demo account.
Deposit & Withdrawal
When users are ready to use their live account, the app boasts that they can get started with as little as one dollar. In addition to the low minimum deposit requirement, there are also many options on how users can deposit and withdraw their money, which is a helpful feature! No one likes to jump through hoops to deposit or withdraw their money!
Trading & Platform
Several critical features are associated with this app, making it an attractive option for those looking for a mobile trading platform. One of the leading features is the ability to invest and trade in a variety of options. One user claims that they had been searching for a platform that “does-it-all,” and this is the only interface they’ve found. The variety of trading options such as Forex and commodities has become too segregated, and thus this app allows traders of all levels to pick and choose where they want to invest their money all in one application.
Another key feature is that the app includes a demo account. If you’ve read any of our previous articles, you’ll know that we are a massive fan of demo accounts. Demo accounts allow users to familiarize themselves and gain confidence with the platform; they also allow users to hone in on their strategies.
Whether you’re a novice trader or a more experienced trader, it’s always a good idea to utilize the demo account option. The Forex Trading Banking and World Stock Investment app equips its demo account with $10,000 that can be refilled as needed, which is another huge perk. Some platforms that provide demo accounts give a certain amount of time or virtual money, and then once that time is up, or money has run out, then the user no longer has access to the demo account.
With this app, users can seamlessly transition between live account and demo account to continue practicing even while they are involved in live trades. Most trading platforms (or at least the ones you should consider using) are equipped with data to help traders make informed decisions. The Forex Trading and World Stock Investment app is no different in that regard, but in addition to providing users with up-to-date data, the app also includes a live feed of worldwide news that may impact users’ trade values. Also, the app developers want their users to succeed in their trades, so they have implemented step-by-step guides so that users can learn about basic strategies and then track their progress while controlling their risk.
Happy trading, friends!
