FP Trading, a forex and financial markets broker, has launched its first proprietary mobile app, available on iOS and Android. While clients could already trade on mobile devices through MT4, MT5 and cTrader, the new app is the broker's own application and brings account management and trading into a single place. The app allows clients to open and manage accounts, follow live prices, place and manage trades, and monitor open positions in real time.
The launch matters because it gives traders a direct, broker-branded mobile channel for acting on market moves outside of a desktop setting. The app has a simple layout and provides access to order execution through FP Trading. "Trading doesn't stop when a trader leaves their desk, and neither should their tools," said Narayan Joshi, General Manager at FP Trading. "The app gives traders the speed, control and tools they expect, in a form that fits wherever they are." For retail traders who increasingly expect to manage positions from a phone, the app consolidates functions that were previously spread across third-party platforms.
A central feature is FP Trader, an FP Trading account with integrated charting tools. With FP Trader, traders can place orders directly from the chart. The account offers more than 100 indicators, drawing tools, real-time data and price alerts, with charting, data and order execution available within a single account. FP Trader is included at no extra cost and does not require a separate subscription. "FP Trader is a natural fit for the app," added Narayan Joshi. "Traders who build their ideas on the chart can now act on them directly, on mobile, with FP Trading's execution behind every order."
The app is designed for both new and experienced traders. Users can move from viewing a market to placing an order in a few taps, and alerts notify them of price moves when they are away from the screen. Existing clients can access their accounts through the app, while new traders can register from their phone and begin trading once their account is set up. The app is available on the App Store and Google Play. More information about the broker is available at FP Trading.
Client protection features include an insolvency insurance policy placed with certain underwriters at Lloyd's, with an aggregate limit of $1,000,000, subject to policy terms. FP Trading is also a member of the Financial Commission, which provides independent dispute resolution for traders, with compensation of up to €20,000 per eligible complaint.
The broker's risk warning states that derivatives, including Forex and CFDs, are complex financial products traded on margin and come with a high risk of losing money rapidly due to leverage. It notes that 75.5% of retail investor accounts lose money when trading derivatives with this provider, and that past performance is no guarantee of future results. For readers, the launch signals wider access to mobile trading tools, but also underscores the leverage risks that remain central to retail derivatives trading.
