Be careful with brokers with their own mobile trading platforms | Forex Factory

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Be careful with brokers with their own mobile trading platforms

  • #1
  • First Post: Oct 8, 2013 12:03pm Oct 8, 2013 12:03pm
Hi,

I speak from experience, be very careful when it comes to trading with brokers who refuse to use MetaTrader's mobile platform and use their own platforms. This is a warning sign where they are actually very likely to freeze your mobile platform when you wish to do something, it happened to me once, this broker is rather disgraceful. It's been a month since I lodged a complaint against their mobile terminal and no one ever bothered replying me.


just be careful when brokers 'invent' their own mobile platform, it just gives them power to freeze.
  • #2
  • Oct 8, 2013 12:09pm Oct 8, 2013 12:09pm
I meant, mobile platform, not computer platforms.
  • #3
  • Oct 8, 2013 1:15pm Oct 8, 2013 1:15pm
I wouldn't trade on a mobile platform in the first place!

You should treat trading like a business not like a game of tetris
  • #4
  • Oct 8, 2013 1:58pm Oct 8, 2013 1:58pm
Quoting mitch77
I wouldn't trade on a mobile platform in the first place! You should treat trading like a business not like a game of tetris
You do need to check on prices sometimes on your phone when you're out!
  • #5
  • Oct 8, 2013 2:01pm Oct 8, 2013 2:01pm
Quoting mmaker
Your 11 posts so far have all been about warning people against some bad broker practices. So which is your preferred forex broker/platform at this time? Are you trading full-time or for a hobby? We all heard about bad brokers, so let's go straight to the solution: which one are you using that is the "good" one?

What's the problem with telling people my experience so no one gets hurt by it? I don't have a preferred forex broker/platform.

There is no solution until regulators format the MiFID II to give FX trading a lot more clarity on how brokers can conduct their business.
  • #6
  • Oct 9, 2013 3:39am Oct 9, 2013 3:39am
Which brokers do offer their own mobile trading platform? I have never known any brokers like that. My broker HotForex has a mobile site (to trade, manage) when you connect by using your mobile devices.
  • #7
  • Oct 9, 2013 8:39am Oct 9, 2013 8:39am
Quoting undergroundz
Which brokers do offer their own mobile trading platform? I have never known any brokers like that. My broker HotForex has a mobile site (to trade, manage) when you connect by using your mobile devices.

Ok, most spread bet brokers uses their own mobile platform and refuses to use like MT4 even when they have one.

Some FX brokers i know also refuse to use the MetaQuotes mobile platform, with an excuse saying "We don't want to rely on one single platform", which is just rubbish, more like "We want full control."

Just two cents from me where I experienced issues and had a loss of profit, if brokers have their own mobile platform, this is one of the first warning signs and you should stay away!
  • #8
  • Oct 10, 2013 2:58am Oct 10, 2013 2:58am
I think MT4 only uses for trading money, commodities,... how can we bet on it?
  • #9
  • Oct 16, 2013 8:08am Oct 16, 2013 8:08am
i am looking for a mobile platform that i can draw trendline etc. on. any help please
  • #10
  • Oct 19, 2013 10:14am Oct 19, 2013 10:14am
Quoting forexchild
i am looking for a mobile platform that i can draw trendline etc. on. any help please

trade interceptor
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #11
  • Oct 20, 2013 1:12pm Oct 20, 2013 1:12pm
yes i found out by searching through and through. it is a great and helpfull platform. thanks a lot
  • #12
  • Oct 22, 2013 6:41am Oct 22, 2013 6:41am
I am concerning more about the security issue by using Android device.
  • #13
  • Last Post: Oct 22, 2013 4:27pm Oct 22, 2013 4:27pm
mobile usage in retail fx is on the rise, all major broker are sending month on month increase, why the scepticm?
in fact if people are using their mobiles please share your thoughts. i know one brokers who dealing team trade and monitor their corporate positions using mobile, its the future
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