LONDON, March 27, 2012 /PRNewswire via COMTEX/ -- Trading forex with City Index allows traders at all levels to gain full and secure access to their forex trading account direct from their mobile phone.
Commonly known as 'foreign exchange', 'forex' or simply 'FX'; trading forex is the act of exchanging one currency for another, at an agreed price.
As the world's most traded over-the-counter (OCO) market, it has an average turnover in excess of US$4 trillion per day.
A key factor to its popularity is the ability to trade 24-hours a day; from Sunday evening through to Friday night.
Following the clock, the foreign exchange market opens on Monday morning in Wellington, New Zealand, progressing to Asia - where it is spearheaded out of Tokyo and Singapore - before moving to London and closing on Friday evening in New York.
Mobile Trading App
City Index's City Trading FXâ„¢ app, allows forex traders choosing to trade with a City Index forex account, to trade directly and securely from their mobile phone whenever they want, from wherever they are.
Benefits of using the City Trading FX App for Android and iPhone Mobile devices include:
Trading On-the-Go
With the City Trading App for Android and iPhone Mobile devices, traders receive full and secure access to their City Index forex trading account, and can trade the forex markets, live from wherever they are.
This helps to ensure that they never miss a trading opportunity, giving them the edge over other traders in the marketplace.
Full Account Access
As mentioned above, not only are traders provided with secure access, but they also receive full account access allowing them to use their City Index forex trading account via their Android and iPhone Mobile device in the exact same way they would do across the downloadable or browser-based platforms - Advantage Trader and Advantage Web, respectively.
Traders can open positions and orders; trade history; account balance and margin level indicator - plus much more, such as access to a real time charting package and Watchlists.
Spreads and Pricing
As it is with the way traders access their account; there is also zero difference in the forex markets, spreads and prices between the downloadable and browser-based trading platforms and the City Trading application for Android Mobile devices.
City Index's tightest spreads - including Capped Variable Spreads - and full range of markets, are all fully accessible through the application.
Summary
Forex trading with City Index is a popular choice for many traders. Not only can they gain exposure to 37 spot forex markets, they can also enjoy full and secure access across their various platforms including their downloadable Advantage Trader platform; browser-based Advantage Web platform; Android Tablet application and as seen above - their Android and iPhone Mobile application.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, contracts for difference (CFDs) and, in the UK, spread betting.
We constantly look to improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information.
SOURCE City Index
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