The Rise Of Finance On The Go, Mobile Trading And Beyond

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Along with many other aspects of our lives, the world of finance is becoming increasingly digitized. Smartphone usage is surging and Internet accessibility is at an all-time high. As a result, users are demanding more and more services and products be available on-the-go and on their mobiles. 

It is often simply inconvenient for users to have to find a computer and log on to perform a task. Similarly, those working or involved in fast-paced industries cannot afford delays in responding to requests, executing trades, or carrying out a variety of different business-related activities. 

This is particularly applicable in the finance industry. Consistently at the forefront of embracing technology, the finance industry is looking for new ways to streamline processes, automate tasks, and improve security, accuracy, and efficiency. One of the most important technological advancements to impact the industry in the last few decades was the introduction of the smartphone. 

How The Smartphone Revolutionized The Finance Industry 

The invention and then widespread adoption of the smartphone has changed our lives beyond all recognition. In 2020, we can perform a wide range of different tasks from our palms including shopping, trading, banking, investing, opening and closing accounts, and every form of communication. The financial industry has embraced smartphones and adapted their operations to facilitate greater use of them amongst their client base. 

Mobile financial apps allow both private and business customers to carry out transactions and actions, without having to speak to a human or go into the branch. This has saved financial institutions a fortune and benefits the customer through streamlined account management. 

Key Financial Industries Benefiting From Mobile Usage 

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When we discuss the financial sectors that are benefiting most from going mobile, of course, banking is the area that first comes to mind. Giving account holders the power to manage their transactions, cards, savings, and even credit from an app has revolutionized the way the market works. But there’s another sector that has flourished as the world becomes more mobile - trading. 

Some of the leading online trading sites are now providing their platform and services via the app. An example of this is the NadexGO™ web app which provides a demo account allowing traders to test out the service and features before ‘going live’. Specializing in binary options trading, the app doesn’t need to be downloaded, is compatible with iOS and Android, and can be accessed in-browsers or by scanning a QR code. This level of functionality, particularly the way it navigates to the platform via a simple QR code is the future that consumers are increasingly demanding. 

Why Mobile Trading Is Important For Traders 

Mobile trading is crucial for investors. The fast-paced nature of this industry and the way the market can change from one extreme to another in just a moment means it’s necessary to be ready to act in an instant. Platforms that don’t offer mobile trading options are at a disadvantage, as are their clients, as they may miss out on opportunities to trade at certain times. Instead, traders will be restricted to using their platform only when they are behind a computer. In time, this will drive customers away as they seek better service elsewhere. 

Financial institutions that want to keep their client base while attracting more, are having to ensure they go mobile. In particular, sites offering binary, forex, or stocks and shares trading need to provide accessible, fast, and mobile-friendly trading for users as we become increasingly more connected. The demand for carrying out tasks from our handheld devices isn’t going to decrease, so players in the markets need to continue adapting their offerings for mobile use.

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