Oinvest Mobile App Review – Ultimate Forex Trading Solution
As mobile trading is a driving force in the forex industry, you can see many applications published, aimed at improving the trading experience. Regulated and licensed by the FSCA, the broker also offers its clients a functional app, powered by MetaTrader 4. With this awesome app, you will be able to trade from anywhere – whether you are traveling, traveling or just want to use a mobile device. for an improved experience.
With the help of the app, trading becomes an easier activity. You will have access to the latest trends and market information. The app is compatible with Android devices and you can get the most out of the platform immediately. As soon as you download the Oinvest mobile app from the Play Store, it will automatically install and appear on your screen, so you can start trading instantly.
In general terms, MetaTrader 4 for the Android platform performs very well and the developers have much to brag about when it comes to trading on portable devices. You can download MetaTrader 4 for Android directly from the Google Play Store for the Android system.
What does the Oinvest application look like?
We mentioned above that the Oinvest app is based on MetaTrader 4, so you need to download the app to start using the broker’s features. In fact, there is not so much time passed after the release of the MetaTrader 4 platform for Apple iPhone smartphones, and MetaTrader 4 has already appeared for Google Android based devices. The program does not position itself as a full-fledged management tool, however, basic options have become the main target of application developers.
MetaTrader 4 is one of the most popular mobile Forex trading platforms in the world. It should be noted that the dashboard is clean and tidy, and you can log into an existing or demo account (real or new).
In addition, if you log in to an existing account, you can immediately after searching enter the login data, which can be stored by the memory of the utility itself. If you decide to open a demo account, you will have to enter a name, a phone number, an e-mail address, and several characteristics of the future account in the mobile terminal: currency (type of account), leverage, amount of the initial deposit. Opening a new account is instantaneous, however, to create a real trading account then you will need to go to the corresponding website.
Moving on to points, you can dwell on quotes separately, after all this is one of the basics of MetaTrader 4 for Android.
Oinvest mobile trading features
In the most detailed mode, mobile trading is much easier to conduct, although there appears to be a sea of incredibly small numbers, only for the benefit of those who wish to know in more detail the state of the market as a whole. . You can switch from one mode to another in the MetaTrader settings. In addition, in the settings of MetaTrader 4 you can connect the output of volumes and different levels of setting orders. For more convenience, the schedule can be scaled using the multitouch option. The program does not yet support technical indicators on Android, but the developers have already promised to introduce this toolkit soon.
Leverage is a tool that allows you to maximize earnings. Depending on the trading instrument, you have access to different leverage. In general, you can get leverage up to 1: 200, but others may have less leverage than this. Higher leverage is suitable for traders who already have some trading experience and newbies just taking their first steps into the forex industry should be careful with this tool. This can bring a lot of benefits and at the same time lead to losses.
The Oinvest Forex broker offers variable spreads. The spread is defined as the difference between the Bid and Ask price. This is also considered a commission for the broker. For example, the difference between $ 40.00 and $ 39.75 would be 25 pips. This usually has an impact on the overall trading costs.
Advantages and disadvantages of Oinvest mobile trading
The MetaTrader 4 mobile trading platform on Oinvest offers a wide range of benefits to clients. However, there are a handful of downsides that we can also point out when it comes to the trading platform. Let’s take a look at both below.
Starting with the advantages of the mobile trading platform, we can mention the fast switching between financial instruments. At the same time, you receive free financial notifications and news about market movements and price changes, which will help you trade.
The MT4 mobile trading platform at Oinvest is convenient to use. You basically get the world of trading in your palm. The app is perfectly optimized, so you can’t worry about errors and bugs. Navigation is simple and you can check everything instantly.
Using interactive charts, you can follow the price movements in real time. In fact, there are 3 types of charts to choose from: bars and candlesticks. You can get the clearest picture of opportunities within the app by interacting with the app.
Set of trade orders
The app is packed with a set of trading orders as well as trading functions so that you can use whatever trading strategy you prefer. Instant execution is also supported, which means you can continue trading. Orders are executed even if the mobile application is closed. By placing stop loss and take profit orders, you can keep losses to a minimum.
The Oinvest MT4 mobile trading platform is a good choice for all traders, whether they are beginners or experienced. However, we should also look at the downsides of having an MT4 mobile app.
Slower than the PC
It goes without saying that even the most powerful mobile device cannot compare to an average PC or laptop in terms of speed. While newer mobile devices are good for launching apps at a decent speed, having MT4 on your computer is more comfortable. The platform will run much faster and easier.
The same can be said of its display and view. When MT4 is installed on your laptop or PC, you get a more enhanced version of the display. At the same time, multitasking on a computer is much easier than on Android or iOS.
FAQ on Oinvest Mobile
How to download the Oinvest mobile application?
The Oinvest mobile app is powered by the MT4 platform, so you need to go to the play store and directly download the MetaTrader 4 trading app. The app is also available on iOS devices, but in this case, you need to visit the App Store to purchase the product.
Does Oinvest Mobile consume a lot of data?
No, Oinvest mobile doesn’t consume a lot of data, however, it doesn’t matter what you do in the app. You are in a fierce trade, so there is a good chance that the app will drain a lot of cellular data. Also, to get the most out of the platform, it is better to have a 4G internet connection.