Barclays Stockbrokers has become the latest to launch a iPhone application for spread betting and contracts for difference (CFD) trading.

The application is free and will give clients access to CFD and financial spread trading (FST) accounts.

Clients accessing the app will have the flexibility of being able to trade on the move - placing new live trades, amending orders and setting stop and limit orders.

Barclays said that clients will also have instant access to live prices and market movements, as well as the ability to view their entire trading history at a glance with an account summary.

The full range of order types is available through the application, and clients can also monitor their favourite markets though watch lists and use the positions charts to check how their positions are performing.

Paul Inkster, head of products at Barclays Stockbrokers, said CFDs and spreadbetting trades are high risk but exciting alternatives to conventional trading, where experienced investors can speculate on the movement of equities, indices, sectors and currencies.

He added, ‘With the launch of the app we are strengthening our proposition and have responded to client demand - ensuring they have all the tools they need to trade in the most efficient and flexible way.

‘Our clients will be able to access the same markets as they can on our online trading platform and with 12,000 markets available, there is now no reason to miss a trade.’