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Trade Interceptor launches the first mobile only forex broker

Aug 07 2014
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From forex trading mobile platform developer Trade Interceptor evolved to the first mobile only forex broker. The IT company is partnering with IKON Finance hence among other benefits obtaining FCA regulation.
 
Trade Interceptor feels that there are many people who are only using their mobile device for forex trading. Indeed it's handy and on top of that the advertising cost for mobile devices ads is much lower than for PC ads. With its latest move the company is aiming to capitalize on that trend.
 
Such dev-to-broker move is not new. Recently Tradeo, a developer of a social forex trading platform, cooperated with YouTradeFX, thus becoming a broker as well. Currently, however, we cant try the new Tradeo broker – after registering with them and logging into the platform we get the message: “Tradeo is currently in Private Beta. You will receive invite once we launch.”
 
Trade Interceptor kept low profile announcing of their latest move with only putting a small text on their Facebook page. It read “Trade Interceptor Broker is going live today! Check the new Broker Apps. Get $30 welcome bonus, digressive spreads, free cloud alarms, unlimited demo and much more...”
 
To try it we must download a mobile app for our device ideally starting from their website. Apart from the new TI broker we can still open account with FXCM. We can choose between demo and live account.
 
The real account requires at least $100 deposit. The starting spread on EUR/USD is 2.5 pips. When we reach $40 million volume the spread goes down as low as 0.8 pips. Currently a total of 49 currency pairs are available. Unlike many competitors TI broker offers several bitcoin pairs – BTC/USD, BTC/EUR, BTC/JPY, BTC/CAD. 
 
Services include news and financial calendar (both still empty), and, of course, customer support.
 
Alarms are interesting feature since they can notify us not only for a set price but for a chosen indicator value as well. Alarms require premium service but can be tested with a 2 weeks free trial. 
 
The mobile broker also has a useful Trendrisk Scanner showing risk/reward ratio for the provided signals. Handy one-tap feature executes the signal and places stop loss and take profit orders.
 
So far, we are impressed how smart and easy to use the mobile broker is. Still we hope to see more trading instruments like indices and CFDs  in the future.
 
 
 
 
TAGS: Trade Interceptor  mobile forex broker  BTC/USD  BTC/EUR  BTC/JPY  BTC/CAD  android  iOs  windows mobile 

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