How HYCM Trader Changes the Mobile Trading Landscape

There is a completely new generation of traders who are smartphone natives and use a high-quality mobile experience on the devices almost exclusively. There was also a general tightening and harmonisation of regulations across jurisdictions, which has led to less reputable outfits exiting the scene. This has allowed for a much larger contingent of beginners to explore trading for the first time in a safe and highly regulated environment. There’s also been a vast improvement in financial and trading literacy among the general public, which has led to a lot more people wanting to gain experience in the markets for themselves.

But the transition to mobile hasn’t always been a smooth one. Many mobile trading apps have faced a number of problems, and not all of them have managed to overcome these problems. However, one of the apps that stands out is the new HYCM Trader app, an easy-to-use all-in-one mobile trading application recently released by HYCM broker. HYCM Trader has not only solved the most common issues of mobile trading apps but has also designed a new generation of trading app which satisfies the needs of the modern trader. The HYCM Trader app is available on both the Apple App Store and the Google Play store.

Common Trading App Problems

The first forays into mobile trading were made by a majority of brokers licensing the mobile platforms of incumbent platform providers. These platforms were fine for the time, however, most of them haven’t aged very gracefully, and have also led to an environment where it’s almost impossible to differentiate between brokers’ respective mobile offerings.

But the problem runs deeper than just aesthetic issues. Customers have to download the app and then select the broker’s name from a long list of rival brokers just to get started, which is definitely not the best look for a broker wishing to stand out from the crowd.

Furthermore, these solutions can’t hope to be fully functional mobile-only solutions because they can’t replicate all the functionality of their own websites. So, for instance, users can’t sign up exclusively from the app and will have to switch between the app and the broker’s client portal in order to perform account management and funding.

Available features are also dictated by the platform provider’s own development roadmap, so anything unique to the broker in question cannot be replicated on the app. This goes all the way down to the trading logic, which most brokers have unquestioningly inherited from said platform providers.

Finally, being so beholden to individual entities is not without issue, as seen with Apple’s decision to remove the MT4 and MT5 apps from its App Store. This has severely affected brokers who haven’t developed their own mobile solutions because now only their existing clients who have already downloaded these apps are able to access them.

The HYCM Trader App

With all of the above issues in mind, HYCM set to work on developing its own mobile solution that would address all of them, as well as being a single point of access to its entire ecosystem of trading services.

To this end, the HYCM Trader app unites both the trading platform and client portal, allowing a prospective customer to register an account with HYCM broker, upload all relevant documents for KYC verification, get approved, deposit and withdraw funds, and trade, all in one simple app.

Moving on to the issue of outdated interfaces and such, the HYCM Trader App has been created with smartphone natives in mind, employing all the best practices in touchscreen user interface (UI) and user experience (UX) design, so that trading on the mobile isn’t a lesser experience, but can finally be considered the main event.

Having it be a proprietary platform built from the ground up specifically for the renowned broker’s services, HYCM trader also benefits from all the third-party integrations that HYCM offers to its traders. For example, app users benefit from to-the-minute market news sourced from Trading Central. This news is tailored to the specific assets its customers are viewing at the time; for example, gold traders will see news related to precious metals markets, and stock traders will be served headlines that refer to their chosen asset.

Additionally, HYCM Trader offers an upgraded notifications system, with three different categories including marketing-related, trading-related, and user-defined notifications. This last category empowers HYCM traders to set their own custom alerts regarding any of the instruments on the platform. This really enhances the mobile experience as it allows a trader to go about their day without watching the platform, knowing they will be notified when an asset they are interested in hits a specific price target.

Conclusion

HYCM Trader is a valuable addition to HYCM’s existing services that allows clients to extend their trading into the mobile domain in a frictionless manner. The app has been designed to be completely intuitive to use, so if you are even vaguely familiar with how trading platforms work, you should be able to pick it up immediately.

HYCM Trader is available for download on both Apple App Store and Google Play.

About: HYCM is the global brand name of HYCM Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Capital Markets (DIFC) Ltd, HYCM Ltd, and HYCM Limited, all individual entities under HYCM Capital Markets Group, a global corporation operating in Asia, Europe, and the Middle East.

High-Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

*Any opinions made in this material are personal to the person expressing the opinion. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party, or otherwise.