IG Markets Releases Trading App for Android

Sep 26, 2011, 11:00 ET from IG Markets

MELBOURNE, Australia, Sept. 26, 2011 /PRNewswire-Asia/ -- Australia's number one CFD provider*, IG Markets, has launched an Android trading app. This release adds to their existing suite of mobile functionality, including their iPhone, BlackBerry and Nokia apps, as well as their tailored mobile trading software.

Available free of charge from the Android Market, IG Markets' clients can place CFD trades on an unparalleled range of markets, including forex, shares, stock indices, commodities and options, all from their Android handset. They are also able to view real-time balance information, along with their open positions and watchlists, as well as set and edit working orders, and generate a range of charts.

Meanwhile, prospective traders can access live market data as well as open an account.

Head of IG Markets, Asia Pacific, Tamas Szabo, commented, "The popularity of the Android smartphone has been extraordinary, and we're thrilled to be able to pass this increased functionality on to so many of our clients. This release reflects IG Markets' commitment to innovation and offering clients the best trading tools for their CFD trading.

"In June 2011 we released Australia's first iPhone App offering DMA CFDs, allowing traders to trade inside the market spread and straight into the order book of global exchanges, as well as view full market depth and liquidity.

"Also accessible from BlackBerry, and a range of other smartphone handsets, our powerful and secure PureDeal trading platform enables clients to access our wide range of markets, manage their portfolios, set working orders and much more."

Android is leading the Australian smartphone market, with figures from Kantar's ComTech WorldPanel revealing that 42.9% of smartphones sold in Australia in the 12 weeks to August 7 were Android phones. Kantar also said that Australia has the highest level of smartphone penetration in the world at 49%, while Telstra expects this figure to grow to 60% over the next year.

About IG Markets

IG Markets specialises in financial derivatives, principally CFD trading on over 7,000 global share CFDs, indices, forex, commodities, options, binaries and more. IG Markets is a part of IG Group, a FTSE 250 company established in 1974 which now employs over 1000 staff in 15 countries.

IG Markets advises that trading CFDs may not be suitable for everyone, since CFDs are a geared product and can result in losses that exceed an initial deposit, and that product disclosure statements are available from www.igmarkets.com.au.

* 40% of active CFD traders have an account with IG Markets - Investment Trends May 2011 Australia CFD Report.