In 2021, Olymp Trade’s mobile trading platform was named best-in-class by World Finance. This quarterly print and online magazine provides investors, asset managers, bankers, and other finance professionals with in-depth coverage and analysis of economic events.
Every year, this well-known media announces winners of various nominations. It is a popularity contest, as each winner is selected by vote. For example, if you are happy with your trading platform, you can always give it the thumbs up on World Finance’s website. An excellent way to show appreciation for your broker’s hard work and help newbies make the right choice!
Olymp Trade Mobile App is Named the Best by World Finance
In 2021, World Finance granted the Best Mobile Trading Platform award to Olymp Trade. This popular broker has already been honored with several awards related to the mobile experience. For instance, it’s the 2nd time Olymp Trade’s mobile platform is at the top of its class.
Such badges of honor are very important for any trading platform. They show the winner has managed to exceed its customers’ expectations in the highly competitive sector of mobile FX trading. These days, it’s an achievement worth a round of applause.
Why Mobile Trading is Getting Popular
As we know, mobile Forex trading has grown in popularity during the pandemic. According to Olymp Trade’s experts, there are at least three factors behind this inflow of new customers.
The first reason is quite obvious. Due to nationwide lockdowns, dozens of millions of citizens were cooped up at home for months, with a lot of time on their hands. The abundance of free time and uncertainty about their financial future always make people think of alternative ways to earn money.
Mobile Forex trading, with its low barrier to entry, looked like a good thing to try. You don’t need big initial investments to get started — it’s enough to have a smartphone or tablet and a stable internet connection. Also, you don’t need a degree in finance to master the skill. In fact, you would be surprised to know how many successful Forex traders are self-learners.
Second, lockdowns have greatly increased home networks usage. In many big cities, internet traffic grew by around 25%. To cope with this demand, the major service providers had to upgrade their mobile networks. Besides, many mobile operators decided to support their customers by extending free mobile data and offering cheaper internet plans. As a result, mobile traders can now enjoy faster and better connection wherever they go. It’s a game-changer when your earnings depend on if you can open/close a position as soon as a profit opportunity arises.
Third, mobile apps are becoming the primary trading tool for people who are more comfortable with a smartphone than with a PC. Unlike a laptop, a mobile device is easier to carry around, and it’s always within hand’s reach. In Forex trading, your ability to move quickly is essential; most opportunities won’t wait till you come home and turn your computer back on. Luckily, you can grab them using your phone!
Why Having a Good Mobile App is Essential
To sum it up, the increasing affordability of mobile devices and the roll-out of 5G mobile networks are the key drivers behind the recent mobile trading surge. No wonder that catering to this specific audience becomes a top-priority task for any platform, Olymp Trade included.
There’s one thing we should keep in mind. In 2021, it’s not enough to persuade a person to install your mobile app. As we know, deleting an app that was not catchy enough only takes a few seconds. So, the real challenge is to retain a user’s attention by proving your app’s worth. To do it, the app should be attractive, convenient, reliable, and loaded with additional benefits.
What’s Special About Olymp Trade’s Mobile App
Let’s see why Olymp Trade’s award-winning mobile app ticks all the boxes for a record number of World Finance readers.
This trading software is known for its clear and intuitive interface focused on ease of use. Both beginners and pros report it’s very convenient to read charts and handle tools and settings.
The Olymp Trade mobile platform offers three trading modes to match different skill levels and preferences. Last but not least, it provides you with tons of additional resources like educational materials and insights. An enthusiastic newbie can find all the information they need without leaving the app. At the same time, the interface does not look overcrowded and confusing. Everything is in its proper place and easy to find.
In short, the app creates a smooth path for any person who seeks to make consistent profits by FX trading.
Olymp Trade’s team is really happy to see their mobile trading platform among World Finance’s new champions. Being a nominee is already an honor, but becoming a winner is an outstanding achievement — and a great responsibility.
We hope this award will allow the broker to attract a lot of new clients who base their choice of a trading platform on its reputation and ratings, and not on empty promises.
Want to try mobile Forex trading? Install the Olymp Trade mobile app to enjoy a smooth start!