As the world is leaping towards future technology, more people are spending time on their website. You would be surprised to know the amount of display time an adult spends daily. As this is increasing, more investors are presenting a trading platform in the mobile version. This is portable, easy to install, and can manage the account from anywhere. The popularity is rising but many doubts whether these two offer the same level of perks in currency trading. As desktop provides a broad range of views, observing the past price movement is easier. It also allows us you use different tools without cluttering the chart as it visually separates them due to larger display. However, the mobile version has many downsides. This is what this material will explore.
They are different in many ways
Despite offering the same procedures, many differences are noticeable. We will highlight the possible difference in separate sections so investors can understand the concept. Please keep in mind this effects the performance as well. Trading in a conventional platform such as PC is objectively better than the portable android mode.
Though you do have the options to trade with multiple devices, but you have to use CFD demo account to find the most suitable one. You might feel comfortable with the windows application rather than the android app. So, it’s your duty to find the desired platform that suits you the best.
Mobile version mostly offers only essential tools
This is a major drawback in the CFD market. People need all sorts of instruments to progress in a career. As volatility is not certain, innovation is the key to successfully predict the future trend. However, this goal fails as the only necessary equipment is provided. Developers keep in mind the lightweight feature of the app thus sacrificing the utilities. How many customers would install their broker’s application if it crosses more than 100 megabytes? Many will view this as wastage of precious memory space and skip. Heavy applications also depend on more memory usage, which implies not all mobiles can handle the data efficiently.
A compact version is developed to avoid all these unnecessary troubles. It is fast, takes less space, and has a simple user interface. Of course, there are lite versions, but we are only talking about the primary applications. Imagine the context of those lite applications.
Not user friendly to navigate through price trends
This is a major defect in terms of analyzing volatility. As smartphones have a smaller display in comparison to desktop, the visibility is not that great. As a result, users have to pinch through the chart to view from specific points. This significantly reduces the speed of analysis and can result in misinterpretation. By the time you have finished analyzing the initial phase, a new phase may have already begun. Traders are unable to know as they have limited space to get the required information. In this context, a bigger display is the best choice. Not only it offers accessibility but also comfort.
Not maintained as the primary platform
Investors always get the latest update on the designated terminal provided by a respected broker. However, this is not the case for smart traders. First of all, the application has been developed by a third-party developer. They are not as keen as operators to keep the customers equipped with the latest technologies. If there is breaking news or new scam, it might reach late to this application. Although traders have the option of syncing, it does not work for brokers. All concentration is focused on the main terminal so the other choice is always overlooked.
Having said this, still it is advisable to have the portable version installed. In case a person cannot access the PC while traveling, this offers to maintain the deposit. Always view this as a secondary and never replace it with the primary method.