They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK’s FCA. Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry capital markets definition and analyze their top tools and features. Our Compare Tool is fed by data gathered by our expert researchers for our forex broker reviews, so you can feel confident you have the most up-to-date information at your fingertips.

When choosing any financial management platform, it’s important to look for trustworthy providers. Used by traders in more than 180 countries and fully regulated, ForexTime’s FXTM software is a reliable platform for foreign exchange trading. FOREX.com, Benzinga’s top forex broker, tops this list due to its MetaTrader4 platform, education, tools and more. MetaTrader 4 specializes in the forex market and the implementation of automated trading and supports literally thousands of trading robots and technical indicators. FXCM’s trading signals service provides trade ideas that can be applied in live currency trading.

We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing. Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR’s web-based platform is great for beginner forex traders. The advanced charting tool gives users access to more than 100 technical indicators and unlimited timeframes for truly comprehensive market analysis. A no-code solution ensures that automation remains accessible to all traders, while advanced backtesting allows novices to test out strategies against a deep data pool.

The search function is very helpful, you can set alerts, and the platform can give you a clear fee report. Use Bloomberg’s mobile app Watchlist to monitor and analyze current positions. With Trade Interceptor, you can simulate trades and backtest trading strategies using historical data. For those who prefer to keep it simple – and web-based – Interactive Brokers’ Client Portal features many of the same functions as Trader Workstation but in a web app format.

  • CMC’s powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience.
  • We selected the best forex trading apps that come with minimal spreads, great tools, and fast trading speeds.
  • One of the most popular trading apps provided by a broker is TD Ameritrade’s thinkorswim Mobile.
  • Note that eToro USA LLC does not offer CFDs, only real crypto assets are available.
  • All things considered, the app is handy, well-rounded, and safe – a good addition to Oanda’s trading platform, which is near the top of the industry at the moment.
  • With ThinkMarkets, Android enthusiasts have a choice of 4 account types, but we’d recommend starting with their demo account.

Once they have gained confidence, investors can open a real-money account via the same brokerage and app, knowing the platform will remain exactly the same. There are many things to consider, as well as a wealth of data to be analyzed and interpreted. FX applications are specially designed to optimize the mobile trading experience while providing tangible market insights and real-time data and news to inform trade decisions. The app most widely used by forex traders depends on their individual strategy, skills and experience.

Top 10 Forex Trading Apps (

When you use TechBerry, you get access to automated social trading and analysis that leverages statistics from the current market. Both MT4 and its younger brother MT5, which focuses more on securities and futures markets, are available through dozens of online forex brokers, but FOREX.com is our top pick. Its parent company, MetaQuotes, was a pioneer in the development of forex trading and charting platforms. While it is not itself an actual automated trading software, it boasts the widest selection of trading applications in the world, up to 1,700 different trading robots.

Since real-time and up-to-date information is critical in trading, the forex trading app should provide it. This is because the value of a currency will change in a matter of seconds, necessitating quick decisions. However, if you understand the risks, you can take advantage of eToro’s social trading platform. However, good ol’ MT4 is still the dominant trading platform in the forex industry. This is because it’s been there for such a long time and people have gotten used to it.

Libertex – Popular Forex Trading App That Offers ZERO Spreads

Although we have discussed 10 of the very best stocks apps of 2022, we would argue that eToro stands out from the crowd. You will have access to a commission-free forex trading facility that is perfectly suited for smaller screens. If you don’t have any experience in trading currencies, eToro allows you to trade passively via its Copy Trading feature.

Best forex trading app

The answer is yes, but how much you have to pay will depend on the broker you choose. Some brokers charge fixed fees for trades but most charge you percentages a.k.a. “pips”. The design is clear and easy to understand, but this app wasn’t exactly made for beginners. Features are plentiful, especially when it comes to charting and analysis, which is why you should be ready for a degree of complexity when using this app.

#10 Best forex trading apps

The most comprehensive forex trading apps, these tools allow you to buy and sell major, minor and exotic currency pairs. Fully-serviced investing apps are provided best oil etf by most top forex brokers free of charge. Clients can scan the markets to find potentially profitable opportunities and then execute instant or pending orders.

Can I trust these forex trading apps?

Plus, traders can benefit from live price quotes and commission-free share trading, all from the convenience of their mobile devices. Just like the desktop version, the MetaTrader 5 (MT5) is a multi-asset mobile trading platform. The MT5 mobile application supports both netting and hedging accounts, meaning you can hold multiple positions for the same financial instrument should you wish to.

When it comes to user-friendliness combined with a sleek interface, the ThinkTrader mobile app truly shines. We are now going to show you how to get started with a live FX account with our top-rated forex trading app – eToro. Irrespective of whether you go for AvaTradeGO or a third-party app, AvaTrade gives you access to dozens of forex pairs. You can trade with leverage and all fees are built into the spread – meaning AvaTrade is commission-free. When it comes to safety, AvaTrade is regulated in six jurisdictions.

If you’d like to learn more about how CFDs work (and to see our picks for the best CFD trading platforms), check out our full-length guide to the Best CFD Brokers and Trading Platforms. Fortunately, the vast bulk of forex trading apps that we have discussed on this page allows you to access the forex markets on a commission-free basis. Trading 212 is an online trading platform that is proving popular with UK investors. Considered one o the best CFD trading platforms, it offers two main account types – traditional share and ETF dealing, and CFD trading. The latter is where you will find an extensive forex trading department.

View real-time data and be the first to catch the trends wherever you are. You can also try out eToro’s many innovative features completely risk-free with a $100,000 virtual portfolio. You can also get customized notifications for Bitcoin and other cryptos on your watchlist, and access real-time, relevant market data at any time. Beginners can start trading with FXTM’s demo account that also comes with tutorials to help them with each step, as well as webinars and even a dedicated account manager.

Bank transfers are also supported but typically take a couple of days to arrive. With that said, eToro offers instant bank transfers in certain countries – Envelope indicator so be sure to check this yourself. If you want to deposit funds with a specific type of payment method, then make sure your chosen forex app accepts it.