The rate of mobile penetration has risen exponentially throughout the UK in recent times, peaking at an impressive 87% as recently as March 2020.
This trend has influenced a raft of activities and marketplaces, including mobile financial trading. More specifically, it’s estimated that a growing number of investors now process at least 50% of their trades through a mobile device, with this number likely to increase further in the near and medium-term.
But what are the best mobile devices for trading forex while on the move? Here’s a list of smartphones to keep in mind!
The Samsung Galaxy S10 (or Plus)
For those of you who love the Android operating system, the Samsung Galaxy S10 (or Pro) handsets arguably offer the best value from the perspective of mobile trading.
There’s a good reason for this too; with the device’s impressive 6.1” display providing the ideal real-estate on which to view customisable charts and potential complex datasets in real-time. This is particularly beneficial when speculating and engaging in CFD trading, as you’ll need to review various datasets quickly in order to make an informed decision.
This device also boasts an incredibly durable battery, while the inclusion of 8GB of RAM contributes to a seamless browser experience and should enable you to trade without any unwanted interruptions or buffering.
Of course, this handset comes at a price (either through a contract or PAYG model), but this should be considered as a worthwhile investment when trading the financial markets on the move.
The Huawei P30
For those of you who want to trade forex on the move but continue to operate on a relatively modest budget, you should consider buying the Huawei P30.
Costing well under £500 on average, this device is almost half the price of the Samsung S10 and similar handsets, but despite this, it doesn’t compromise on performance or its underlying specification.
This is particularly true when you invest in the 128GB model, which also comes with an impressive 6GB of RAM and a long-lasting battery.
Ultimately, this powerful smartphone is the latest in a long line of impressive and capacious handsets from the Huawei brand, and one that may ultimately offer the best value for money to traders.
The OnePlus 7T Pro
Released in 2019, the OnePlus 7T Pro is another handset that offers outstanding value, even though it lacks the glitz and glamour of Samsung and Apple’s high-end handsets.
It’s certainly an excellent choice for forex traders, with its 6.6” display one of the biggest on the market and capable of providing a seamless navigation experience when exploring various markets.
In addition to this and a superior battery life, this OnePlus handset features variable RAM between six and 12GB, making it an incredibly efficient phone and allowing you to tailor your model depending on your level of trading activity.
We’d definitely recommend looking at this handset as an aspiring forex trader, particularly if you’re starting out small and want to spend as little as possible.