The days of having to call up your broker on the phone to open a trade in the stock or commodities market is long gone. Today, traders can open and manage positions in the market and review a wealth of financial information by simply downloading the best apps on their iPhone!

With thousands of financial apps available for the iPhone, it is easy to get overwhelmed and not know which apps are can help transform your phone into a powerful trading terminal. In this article, we are going to list 5 of the most powerful trading apps for the iPhone.

E*Trade

 

 

Trading off your iPhone is extremely easy with the E*Trade app. If you have a funded account with E*Trade, then you are able to open new positions, manage existing ones, and access a wealth of financial information. E*Trade has produced an incredible user-experience for its traders as it has focused on making execution extremely fast and easy. Placing and managing trades is literally as easy as the swipe of a finger.

Trade Interceptor

 

 

For you forex traders out there, Trade Interceptor is the most powerful charting app in the marketplace. Basically, Trade Interceptor offers you a list of about 10 popular retail brokers including FXCM, Interbank, and Dukascopy, among others. You can choose the broker price feed that you want to see on the charts, and within a few seconds you will be able to access a fully functional charting package with that broker price feed. Traders are able to see charts 1 Minute all the way up to Monthly charts. Even better, there is a very easy-to-use Alarm Feature that allows you to set alarms at specific price levels so that you receive notification via text when price is moving into an area of interest.

Bloomberg

 

 

As a leading provider of financial news, Bloomberg has made its public news feed available through an iPhone app. Get cutting edge financial information the minute it is released in the public domain. The app is very customizable and allows traders to set their homepage to a specific news feed such as Business, Investments, World News, etc.

Reuters

 

 

Along with Bloomberg, Reuters is considered one of the most reliable news providers out there. The Reuters app is very similar to the Bloomberg app in usability, as it is highly customizable. If you like to stay abreast of financial and geo-political happenings throughout the trading day, this is an essential app, as you will get news coverage of any major events as they happen.

Oanda FX

 

 

Oanda is one of the largest forex brokers in the world, and its iPhone app has made trading the foreign exchange market very easy. The app not only provides real-time price quotes for dozens of currencies, but traders can also enter new pending orders, market orders, or manage open positions. The charting package is a bit limited, which is why pairing it with the Trade Interceptor app is a great idea.

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