Trading 212, the UK registered and regulated forex brokerage, said its eponymous mobile trading application has become the most downloaded forex app in the UK.
According to statistics of the business intelligence and analyst company App Annie that tracks the mobile apps industry, the Trading 212 trading app has been consistently in the first position among the similar forex and CFD trading applications, both for iOS and Android devices. The data for the first half of 2016 shows that Trading 212 is closely vying, but staying ahead of the Plus 500 mobile app, and is the leader when compared to others like IG Trading, City Index and CMC Markets.
iOS stats. Click to enlarge.
Android stats. Click to enlarge.
The Trading 212 app offers trading in over 400 financial instruments like forex, gold and stocks, plus charts, financial news and analyses and a free demo account. It allows users to open and manage positions, control risk and monitor performance.
Judging by the reviews of the users of the Android version, the high ranking of Trading 212 is not unfounded and the traders are really happy with its performance. The majority of the reviews are very positive and some even make suggestions for improvements. There are, naturally, some complaints and accusations of deceit, but they are not too many. It is worth noting that the developer replies to every comment, both positive and negative.
By Google Play store's own ranking system, the application has 11,966 five stars and an average rating of 4.2 out of 19,408 reviews. It also has between 1,000,000 and 5,000,000 downloads.
It looks like the Apple fans are not very keen on writing reviews and the iTunes store does not display an average ranking. But, considering the number of stars, the iOS users are equally happy with the Trading 212 app.
Trading 212 is owned by the Bulgarian-based company Avus Capital. It is regulated by UK’s Financial Conduct Authority, the Cyprus Securities and Exchange Commission and Bulgaria’s Financial Supervision Commission. It provides trading of forex and contracts for difference (CFDs) on forex, gold, oil and stocks in more than 65 countries, including Germany, Russia, and China.