Best forex trading app

What are the best forex trading apps to trade from your smartphone? As well as enabling trade between countries, forex trading is a lucrative investment opportunity.

No deposit forex bonuses

Best forex trading app of 2021: trade and invest on your Android or iPhone, best forex trading app.

Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make forex trading work.

Best forex trading app of 2021: trade and invest on your android or iphone

What are the best forex trading apps to trade from your smartphone?

The best forex trading apps have become increasingly accessible through the use of apps for mobile devices, such as smartphones and tablets.

This is especially useful when, in today’s interconnected world, the foreign exchange market plays an important role in daily business. It’s a global, decentralized environment where financial institutions and businesses can trade currencies.

According to research from the bank for international settlements, forex trading generates an estimated $5.3 trillion daily - making it larger than other financial markets. Often, it’s dominated by large international banks and corporations, which work around the clock to trade and convert international currencies.

Forex trading also underpins international trade and investments. For instance, if american companies want to import goods from a country in europe, they’ll most likely need to complete transactions in euros. Through forex, these firms can exchange dollars for euros quickly and easily.

As well as enabling trade between countries, forex trading is a lucrative investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make forex trading work.

That’s where forex trading platforms comes into the picture, automating this common business practice. Essentially, these will search through the market for the best currency trading opportunities. And in this article, we’ve picked out the best forex trading platforms around.

10 best forex trading apps reviewed and compared [sponsored]

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Due to hectic lifestyles in an ever-evolving world, traders are often not able to remain seated in front of their desktop terminals for prolonged periods and through this, the popularity of mobile trading through applications has increased drastically.

With mobile trading apps, traders can remain connected to their trading account and actively trade at anytime from anywhere in the world with the benefit of receiving notifications of open and favourable positions while on the go.

Here then are the best forex mobile trading apps:

1. Metatrader 5

Compatible with ios and android devices

Overall rating: 4.5/5 (google play) and 4.7/5 (app store)

The MT5 mobile app has some comprehensive features which include, but is not limited to:

Real-time quotes

All types of trade orders

Full set of trade execution modes

Detailed trading history

Free financial news

Technical analysis

Access to a variety technical indicators and analytical objects

User-friendly interface and highly customisable charts.

The MT5 application allows traders direct connection to the servers of their broker to
receive stock prices, currency exchange rates and the possibility of analysing financial
markets by using charts and technical indicators.

2. Open ticktrader

Compatible only with android devices

Overall rating: 3.4/5 (google play)

Foden ticktrader provides traders with real-time market data which includes pricing and charts not only for existing fxopen traders, but new traders who register an account as well.

By using the mobile application, traders are able to receive the latest economic and financial news and currency rates through the app or by setting push notifications to alert the trader as they occur.

Features of this app include:

Forex, cryptocurrency demo or live account access

Live quotes that have depth of market

Main operations with market as well as pending orders

Trading history logs

Advanced tools that can be used for comprehensive technical analysis

Forex market news, fxopen broker news.

3. Avatradego

Compatible with ios and android devices

Overall rating: 3.5/5 (google play) and 3.4/5 (app store)

Provides a comprehensive, smooth trading experience in addition to featuring the following:

Intuitive management tools

Clear charts

“zoom” function for viewing details, and

Many more helpful

The avatradego application makes trading so much simpler as it provides a step-by-step guide on opening trades, it provides feedback on the trader’s activity in addition to providing support at any time that the trader needs it.

From the mobile app, the trader can manage their metatrader 4 and 5 accounts along with switching between demo accounts and real accounts.

4. Fxpro

Compatible with ios and android

Overall rating: 4.6/5 (google play) and 5/5 (app store)

This trading app allows traders to manage multiple trading accounts with ease in addition to opening new accounts, verifying them, viewing trading history on all accounts, making a deposit, transferring funds and the withdrawal thereof.

Features of this mobile trading app include:

Fast sign up

Open and manage metatrader 4, metatrader 5 and ctrader accounts

Quick and easy deposit, transfer, and withdrawal

Interactive economic calendar

Secure fxpro wallet

Smart push-notifications

Secure login using a user generated passcode and fingerprint recognition.

5. Netdania

Compatible with ios and android

Overall rating: 4.5/5 (google play) and 4.7/5 (app store)

Netdania is a forex and CFD trading app that provides access to over 2000 financial instruments, more than 10,000 real time stocks and indices in addition to the following features:

A variety of currency pairs

Charts

Demo and live trading

Build algorithms and set alerts

Real-time news

An economic calendar

Real-time streaming tick by tick quotes

Interbank forex rates, and more.

The netdania mobile application works in conjunction with selected brokers and is a platform through which traders can connect to their broker along with the account, whether live or demo, that they have registered with a broker.

6. Forex time FXTM

Compatible with ios and android devices

Overall rating: 3.7/5 (google play) and 5/5 (app store)

One of the key features to this mobile trading app is that it supports automated forex trading and the platform is designed to cater for both beginner and professional traders.

When trading through use of the mobile app, traders are provided with flexible leverage and both fixed and variable spreads. Another advantage is that withdrawal requests are processed as soon as a trade has been completed.

In addition, this mobile trading app has the following features:

Passcode and fingerprint security

Quick and hassle-free deposit and withdraw options

Conversion rates calculator

Trading signals

Pivot points strategy

Market forecast

News and market analysis

Educational tools such as webinars, seminars, and e-books

Access to a trading journal

Superb support through instant chat, and more.

7. TD ameritrade

Compatible with ios and android devices

Overall rating: 3.4/5 (google play) and 4.5/5 (app store)

One very noteworthy feature of using this mobile app is that login security along with security in trading is advanced by being able to register the trader’s fingerprint to log into the app and using it again when executing trades.

Upon opening the app, the trader will have access to their account overview, and it can easily be switched by pressing the menu options in the top right corner. With the TD ameritrade app, traders have access to the following features:

Watchlist

Positions

Orders

Balances

Alerts

Chat rooms

Trader TV

Messages, and

Economic calendar

This mobile trading platform is easy to use and navigate, trades are easy to execute and close and traders have the option to trade a variety of financial instruments.

8. Plus500

Compatible with ios and android devices

Overall rating: 4/5 (google play) and 4.1/5 (app store)

Traders using the plus 500 mobile app have access to a wide range of financial instruments in which they can trade at a competitive cost with low spreads and zero commissions charged on trades.

The mobile app makes opening and closing positions easy and the execution speed is above average when compared to that of other brokers.

Traders have various options when it comes to charting along with an array of technical indicators that can be added to charts along with a variety of time frames in which charts can be viewed.

9. Naga trader

Compatible with ios and android

Overall rating: 3.3/5 (google play) and 4.3/5 (app store)

The naga trader app is a very minimalistic and amazingly simple app to use. It allows traders to trade most asset classes and it provides ample opportunity for both social trading and robo-advisor capabilities.

This caters specifically for traders who want to elevate their trading by making use of automatic trading strategies.

Traders can trade stocks, cfds, etfs, cryptocurrency, indices, and commodities with an array of forex pairs. The average spread on the EUR/USD currency pair is 1.9 pips and traders have access to leverage up to 1:30.

10. Trading 212

Compatible with ios and android devices

Overall rating: 4.5/5 (google play) and 4.7/5 (app store)

Signing up for an account using the mobile app is a quick and straight forward procedure. The app features a user-friendly and minimalistic interface that has quick options to switch between the live quotes of several financial instruments.

The mobile app allows traders to set up price alerts, access the forum and reports and in addition has training videos which can be accessed from the menu.

Open positions can easily be monitored by selecting the graph tab at the bottom of the screen and the app also features robo-trading and a built in economic calendar.

Final thoughts

There is a great variety of forex trading applications available and it comes down to which one will better cater for the needs of the trader. Each trading app has distinctive features and provides traders with access to a variety of offerings.

When choosing a mobile app through which to trade forex, it is imperative that traders narrow down the list, download the app, open a demo account, and test out the features hands-on in a risk free trading environment.

This article is sponsored by SA shares, a portal for JSE-listed shares.

Featured image: thedigitalway via pixabay

Best forex trading app UK – top-rated apps reviewed

Kane pepi PRO INVESTOR

Forex apps are a must if you plan to trade currencies with real-world pounds and pence. This will ensure that you have unfettered access to your forex brokerage account no matter where you are.

For example, you can instantly enter a buy or sell positions, as well as keep tabs on a live trade. You can also install pricing alerts that will notify you when a particular support or resistance level has been breached, and even receive real-time news delivered straight to your phone.

Taking the above into account, this guide will reveal the best forex trading app UK . We’ll also run you through the many metrics that you need to look out for when choosing a forex app yourself, and then walk you through the process of getting set up.

Best forex trading app UK – top 5

Below you will find a snapshot of the best forex apps currently available in the UK. You’ll find a full review of each provider in the sections below.

Etoro – best all-round UK forex app of 2021

Libertex – top forex app with 0% spreads!

Capital.Com – best forex app UK for low minimum deposit

Plus500 – no commissions, tight spreads, and leverage of up to 1:30

IG – trusted UK forex app with MT4

2021’s best forex apps

Choosing a forex app that meets your needs can be time-consuming. After all, there are hundreds of options in the market, and heaps of variables that you need to look out for. For example, you’ll want to choose a provider that offers low commissions, lots of tradable currencies, and a seamless user experience.

To save you from hours of countless research, below you will find the best UK forex apps of 2021.

1. Etoro – best all-round UK forex trading app

Etoro easily makes the number one spot for us. Firstly, this FCA regulated forex app is the most cost-effective option in the space. You can buy, sell, and trade currency pairs without paying any commission – and spreads are super competitive. This isn’t the case just in its forex department.

On the contrary, you can access stocks, commodities, etfs, and cryptocurrencies without paying any fees. With that being said, there’s a lot more to like about etoro than just its low-cost pricing structure. For example, you’ll have access to dozens of currency pairs from the majors, minors, and exotics. Its mobile app – which is available on ios and android, offers a seamless trading experience.

Everything has been optimized to ensure that you can trade forex without being hindered by a smaller screen. This is also the case when depositing and withdrawing funds. Etoro is also recognized for its social trading features. This allows you to discuss market insights with over 12 million traders, and even copy the buy and sell orders of other investors. Regarding the latter, this means that you can trade forex passively without needing to lift a finger.

Etoro is also favoured with beginners because it allows you to get started with small amounts. For example, the minimum deposit and trade size amounts to just $200 and $50, respectively. You can also apply leverage at etoro, fully in-line with ESMA limitations (1:30 majors, 1:20 minors/exotics). Finally – and perhaps most important, the etoro forex trading app is heavily regulated. On top of a license with the FCA, cysec, and ASIC – it is partnered with the FSCS.

Etoro fees:

">commission	">0%
">deposit fee	">0.5% currency conversion fee
">withdrawal fee	">$5
">inactivity fees	">$10 a month after 12 months inactivity

75% of retail investors lose money trading cfds at this site

2. Libertex – top forex app with 0% spreads

Libertex is a unique forex trading app due to its unusual price model – it doesn’t charge any spreads whatsoever! Instead, libertex works on a commission-based pricing model. This is typically very low – 0.011% on EUR/USD for example, so libertex is one of the cheapest forex apps around. There’s a good range of forex pairs available, including a long list of exotics.

The libertex app is very intuitive and easy to use. Everything’s simply to access thanks to the app’s great layout and design, and it also runs incredibly smoothly with no glitches, so it’s a good choice for both beginners and experienced traders looking to trade on the go. As well as the libertex app, this broker is also compatible with MT4 and its vast array of advanced forex trading tools.

Alongisde forex, you can trade stocks, etfs, cryptocurrencies, indices and commodities on the libertex app, all as cfds. There are some useful educational resources on the app, including a beginner’s course and webinars, but it’s a little limited in terms of advanced trading tools, so you’d need to use MT4 for that. There’s also a £50,000 demo account.

In terms of leverage, you can trade with up to 1:30 on libertex, while professional clients can get a 1:600 limit. There are also trader benefits, such as an up to 50% commission discount on certain assets at certain times.

Libertex has a very low minimum deposit of just £10, and it also supports a brilliant range of payment methods, including paypal, skrill and paysafecard. This forex app is licensed by cysec, so it’s also very secure and trustworthy.

83% of retail investors lose money trading cfds at this site.

3. Capital.Com – best forex app UK for low minimum deposit

Capital.Com is an FCA-regulated forex broker that specializes in forex and cfds. Regarding the latter, this includes everything from stocks, commodities, cryptocurrencies, and indices. In terms of its forex offering, you’ll have access to a huge library of pairs.

Not only does this include majors and minors, but lots of emerging currencies, too. In downloading its forex app, you will be able to trade on a commission-free basis. Many of the pairs offered by the platform also come with industry-leading spreads. If you’re a newbie, you might also consider downloading the educational app offered by capital.Com.

This includes guides and explainers of key trading terms, and several mini forex courses. Both mobile apps are available on ios and android devices. In terms of getting started, capital.Com requires a minimum deposit of just £20. You can fund your account instantly with a debit/credit card or e-wallet.

Capital.Com fees:

">commission	">0%
">deposit fee	">free
">withdrawal fee	">free
">inactivity fees	">$10 a month after 12 months inactivity

Top forex trading apps

The availability of financial apps has proliferated over the past few years, making it easier than ever to get real-time updates on foreign exchange (FX, or forex) markets and trade right from the palm of your hand.

You can download apps specializing in the FX markets to your smartphone or other mobile device via apple's itunes (AAPL) or through the google play store (GOOG).

Top forex apps

Tradeinterceptor forex trading is a mobile platform giving users access to trade forex, commodities, and binary options, choosing from among the app's recommended brokers. The user interface is intuitive and full of in-depth analysis of currency movements. Streaming quotes and charts allow for technical analysis and trading directly from the charts.

FXCM trading station mobile offers users powerful trading tools and easy access to the forex markets. Users can place and manage forex trades through the app, which grants access to over 56 currency pairs. A free in-app demo is offered to new users who would like to try the platform risk-free before they decide to sign up and fund accounts for real FX trading.

Netdania forex & stocks offers real-time quotes and live charts for over 20,000 financial instruments as well as streaming news from market news international and fxwirepro. The app features low-latency, interbank FX rates from the top six liquidity providers with over 2000 currency pairs. Netdania forex provides a valuable market overview for anyone interested in the FX markets.

XE currency is a leading currency-conversion app that offers live currency rates and charts. The app stores the latest updated rates so that it can work even without an internet connection. Currency conversion rates are offered for every world currency as well as precious metals, and rates can be analyzed using the app's market history charts. Users can set up to 10 favorite currencies to monitor. Upgrade to the pro version to monitor up to 20 currencies and get rid of in-app advertisements.

Cointrader is an app that allows users to get quotes and trade cryptocurrencies such as bitcoin, litecoin, dogecoin, and literally hundreds more altcoins. Trades can be made between cryptocurrencies or between cryptocurrencies and national currencies. The app uses the cryptsy online exchange and users can check their wallet balances and order history, and track charts and prices.

Babypips is the mobile app for the babypips.Com forex forum, the number one forex education resource on the internet. The app provides an easy-to-understand guide for teaching beginners how to trade the forex markets, starting with the basic 'kindergarten'-level training all the way up to 'college,' where users can learn about advanced charting techniques and triangular arbitrage.

Forex hours is a simple app that tells investors when certain forex centers around the globe are open for business. Traders can use this information to place trades when liquidity is best, and to see which currencies are most likely to be active at what times.

FX trader magazine is a leading quarterly publication for currency traders. The mobile app gives you free access to the current edition as well as all archives. Readers have the option of subscribing to the banner-free version of the app, which also allows them to read magazine issues offline. FX trader magazine provides in depth economic reports, fundamental and technical analysis, trading strategies, education, interviews with successful traders and market experts, trading psychology studies, and reviews of various forex trading tools and resources.

The bottom line

Never before has it been easier to access the foreign exchange markets at any time and any place from the palm of your hand. Whether you need to make a trade, want to check how your world currency rates changed, or find out the latest market news or macroeconomic releases, the right information can be found by using the appropriate app.

There are myriad financial apps available for your smartphone or mobile device, both free and paid. Some of the best apps for the forex markets are included in this list, however there are many other excellent apps out there.

Best forex trading app for beginners

12 min / 06 november 2020

Looking for the best forex trading app for beginners? Look no further. Whether you're just starting out or a seasoned trader, these top-rated broker apps are some of the best around when it comes to forex trading. With their top-notch security and a clutch of advanced analysis features, these forex trading apps bring the power of fully-fledged trading platforms to the palm of your hands.

These are the best apps for beginners

#1 etoro

What we liked

A trading platform specifically designed to support mobile forex trading

Free access to copy trading research ideas

Regulated by tier-1 authorities including FCA and cysec

No extra charges for following copy traders

User-friendly functionality

One of the front runners in the race, which provides the best forex trading app for beginners is etoro. This increasingly popular broker has millions of clients on its books and has, to a large extent, built its success on the strength and simplicity of its forex trading app.

The functionality of the etoro app is particularly user-friendly. The principle of selling one currency and buying another can take time to come to terms with, but the etoro app does help with that. The trade execution monitor clearly outlines all the details of the trade you are about to put on. Exposure, financing costs (if applicable), stop losses, leverage and take-profit details are all laid out in front of you. Adjusting any of them to suit your preference can be done by simply clicking a button.

The etoro virtual account is also set out in precisely the same format as the real account. This means that you can practice with the $100,000 virtual dollars the platform gives to etoro demo account users. When you are ready to take the next step of trading with real funds, all the functionality of real trading is the same. The virtual account will continue to be accessible even when you are trading with real money. It is also a useful tool when you want to test any new strategies or trading ideas in a no-risk environment.

The copy trading service gives the app another dimension.

The etoro app has a lot going for it. The trading spreads are in line with the peer group. Its functionality is incredibly user friendly, but the copy trading service gives the app another dimension. Copy trading involves following the trading decisions of others and applying them to your account. You choose who to copy and the amount of your capital to use. You also decide when to break that relationship. There are no extra fees for taking on a copy trade compared to trading your account on the back of your own decisions.

The funds still stay in your account, you don’t give anyone any of your hard-earned cash, but just take their trading decisions and apply them to a portion of your funds. Allocating capital to a third-party does come with risks, but if the return is a profitable one, then you can take comfort from backing the right horse at the right time. There are no commissions to pay as copy traders are recompensed for their efforts by etoro, not by you.

Copy traders devote a lot of time to developing a strategy to attract clients. They are also keen to share a lot of their thoughts on markets as a means to drum up business. All information has a value and etoro clients are at an advantage in that they can access the opinions of these other traders for free. Even the process of carrying out due diligence before linking up to a specific copy trader allows you to take on the ideas of others. Etoro, for example, ensures potential copy traders have to share their trading track record, explain if they ‘run’ their own money, and how traders might best benefit from following them.

#2 plus500

What we liked

Trading platform hits all the right spots

In-app news updates

Hot on cyber-security

More suitable for beginners, but plenty to offer experienced traders

Great market coverage

Plus500 claims to be the ‘UK’s number 1 CFD broker’ and provides one of the best trading apps for beginners. It ticks a lot of boxes for someone new to trading forex. The firm is well regulated and operates under licence from seven different authorities, including the FCA (financial conduct authority) and cysec (cyprus securities and exchange commission).

One further security feature is the inactivity time-out function which adds an extra layer of protection. That is entirely appropriate considering how easy it can be to misplace handheld devices. Plus 500 also offers negative balance protection on accounts which means you can’t lose more than your initial investment.

The fact that the site has millions of users suggests it’s doing an excellent job of giving its clients the tools with which to make a profit. The broker is adding approximately 30,000 new customers each month as more people visit the site to try out the forex trading app for beginners.

Plus 500 also offers negative balance protection on accounts which means you can’t lose more than your initial investment.

The functionality of the app is particularly user-friendly. It’s straightforward to register, to browse the currency markets, consider market moves and place a trade. There is also a range of intermediate and advanced trading tools which can be brought into your trading – trailing stop losses being one example. The ‘tick’ price chart, which shows real-time price moves, is also useful when entering into a trading position.

The ‘notifications’ function of the app provides you with a summary of current market events. It covers company announcements, market reviews, features on specific currencies and ideas on macro-economic trends. The amount of thought-provoking information presented is appropriate for mobile traders. There is enough to keep you informed but not too much as to be overwhelming.

#3 IQ option

What we liked

Attractive layout and easy navigation

Trade sharing function

Interactive chat rooms

Strong on research and education

Up-to-date market analysis on real trading opportunities

IQ option was founded in 2013 and has become a universally recognised platform specialising in binary options trading. The trading platform is proprietary and comes with a lot of features that other platforms don’t support. The forex trading app experience is best described as being straightforward yet impressive.

The IQ option app does more than most in terms of transferring the desktop experience to handheld devices. Yes, you can book quick-fire trades and there are also research and learning materials available if you have time for a more considered approach.

The settings monitor lays out quite how many neat tools are available. As the default settings on accounts set some of these to ‘off’, it is well worth checking out this part of the site. It’s possible to share your live deals and see trades of other traders as they happen in real-time.

IQ option hasn’t cut any corners in the quality of graphics, and the site has an attractive aesthetic. Combined with easy-to-use functionality this makes the app an excellent option for those just starting out trading forex.

#4 avatrade

What we liked

Lots of useful resources

Excellent trading functionality thanks to the market maker status

Tier-1 regulation

Easy and fast on-boarding

Market leader in operational and cyber-security protection

No withdrawal fees

Avatrade offers forex traders a one-stop-shop approach. The onboarding process is incredibly simple, the trading functionality and site navigation are very straightforward, and it also has extra resources to cater to intermediate and advanced traders.

Opening an account at avatrade can be completed with as little as £100. Once onboard, you can access a range of powerful analytical tools that can be used on various charts. The user-facing parts of the site are impressive enough, but a lot of what is good about avatrade goes on behind the scenes.

As the firm is a ‘market maker’ grade broker, it carries out your instructions deep in the heart of the forex markets. Being closer to the action can result in tighter trading spreads and better-quality trade ‘flow’.

The user-facing parts of the site are impressive enough, but a lot of what is good about avatrade goes on behind the scenes

Avatrade is a broker of a healthy size. The firm trades across five continents and is registered with six regulators. Its trading volumes are a sign of how successful it is and that it has ‘institutional’ grade clients on the platform. Retail brokers using the forex trading app are therefore able, to some extent, piggy-back off the reputation and strength of those larger firms.

The broker has a global outlook, so client protection depends on an individual’s domicile. It is regulated by a range of tier-1 authorities including central bank of ireland, ASIC (australian securities & investments commission) and in japan by the financial services agency

#5 libertex

What we liked

Trading central trade suggestions in real-time markets

Great charting functionality

The uniquely transparent pricing structure

Excellent research and learning tools

Tier-1 regulation (cysec)

Libertex has received more than 30 international awards, including best trading application in the european union as presented by global banking and finance review. It has also picked up the award for best trading platform by finexpo. The firm certainly offers what can only be described as a strong contender for the title of best forex trading app for beginners.

The attractive and easy to navigate app platform is packed full of trader-friendly features. The charts are particularly easy to work with and suggest they have been specifically designed to cater to users without any specialist knowledge or trading experience. One example of this is the trading central tool, which can be clicked on to access a trading idea specific to that time and place.

The trading central trade tips may not always work out, but beginners who studied them would iron out a lot of ‘newbie’ errors faster than they might do independently. Onboarding is very straightforward, but even those first steps onto the site prompt suggestions from libertex, offering learning and education support.

The firm is regulated by cysec, which is one of the most trusted regulatory agencies. It has an interesting and very transparent approach to trading costs and offers clients the chance to trade all markets with zero spreads and no hidden fees.

Can I trade forex on my phone?

Absolutely. In fact, we highly recommend it. Trading forex on your phone is perfect for traders with busy schedules as a forex trading app allows you to dip in and out and check your trades while on the go. Many trading apps also have user-friendly interfaces and are intuitive and easy to use, making them equally suitable for beginners. In addition, many of the tools and functions available on desktop or web clients are also available in-app.

What is a forex trading app?

A forex trading app is a software application that can be downloaded to your mobile device or tablet. Over the course of the last few years, many brokers have invested significantly in developing trading apps that are capable of providing the same functionality as their desktop and web clients. In addition, third-party platforms such as the ever-popular metatrader offer their own trading apps to rival those provided by traditional brokers.

How do I choose a forex trading app?

When choosing a forex trading app, it’s important to always have in mind what features you require from an app. If you’re a beginner, you may be more interested in how easy it is to use and what educational resources you can access on-the-go from inside the app. If you have a bit of trading experience, then you’ll want to consider apps that have more intelligence indicators, advanced charting capabilities and other technical analysis tools and features. It’s also worth bearing in mind some apps may not be compatible with your device. For example, some apps may only be available on android devices and not ios, and vice versa.

How to download forex trading apps?

To download a forex trading app from your broker of choice, simply head over to the app store (iphone) or play store (android) and search for your broker. Once you’ve found the app, download and install it, log in using your details and you’re all set.

The 5 best forex trading apps 2021!

The best forex trading apps and the landscape of buying and selling assets have changed tremendously since it entered the online space. Until then, the traditional set up of trade required you to call your broker to enter positions on your behalf. The advancements in technology have since made it convenient beyond imagination to execute your trading choices just with a few clicks.

Today, the investment sector has taken one more step ahead with the launch of trading apps. The best trading apps allow you to gather information regarding your assets, track their movement, place your orders, and manage them – no matter where you are.

Regardless of which niche you are focused on, be it in stocks, indices, forex, commodities, or cryptocurrencies – you can find an app that serves all domains or has exclusive features for one specific financial instrument. The internet has a myriad of choices, suited for the personal and professional interests of traders of all levels.

Now, the critical question is which forex trading app is right for you? In this guide, we aim to find out!

Table of content

Eightcap - trade forex, stocks, indices, and commodities commissions-free

Awarded best global MT4 forex broker 1

Use our secure and encrypted infrastructure

Spreads from 0.0 pips on raw accounts 2

Trade on the award-winning MT4 & MT5 platforms

Multi-jurisdictional regulation

No commission trading on standard accounts 2

What are trading apps?

With hundreds of thousands of dedicated mobile applications now available to download and install at the click of a button – it makes sense that this has since extended to the investment arena. Trading apps are exactly what the name suggests. They enable you to make investment choices and carry them out through a mobile device.

Nowadays, you will find virtually every trading tool and feature on a trading app that you would otherwise find at a desktop website. However, you also need to bear in mind that they are not designed to function as independent tools. On the contrary, there are some aspects that, as investors, you will need to access from a fully-comprehensive brokerage service.

Moreover, what activities you can perform with a trading app will depend on the app’s trading site, policies, and even their terms and conditions. For instance, let us say you are trading through an online brokerage platform. You also use their trading app for added convenience. This gives you the benefit of having access to trading options through the app. However, if you need to do an exhaustive technical analysis of an asset’s performance, you might be best to do this through the main desktop site.

Trading apps are particularly useful if you do not have access to a desktop at all times, as they are designed to help you navigate easily through the broker’s vast number of tradable assets. Even though you will be able to access the trading site through your smartphone, the smaller screen size might make it somewhat challenging to perform more elaborate research and analysis.

Trading apps are crucial

Across all financial instruments available for trading, forex is considered one of the most liquid markets in the world. Volatility, being one of the most interesting metrics that rule the investment markets, highly favours forex.

You can expect to see continuous movement in the market in every major currency pair on any given day. These assets are highly vulnerable to events, and other economic news – as traders are always searching for rapidly changing markets. As such, forex is highly preferred by those that want to actively buy and financial instruments.

Due to this high volatility, forex traders need to constantly lookout for changes in the market. They need access to charts, quotes, and above all, their trading accounts at the click of a button. Hence, finding the best forex trading app is of utmost importance.

Nearly all of the top forex trading platforms and brokers provide an exclusive trading app. Some also allow you to use the app without having an account on their trading platform. This will, however, only allow you to browse the trading arena and not actually place orders. This includes access to information and technical resources such as MT4.

How to use a forex trading app?

Using a trading app is not so different from using a trading site online. They include the same features and the same process of setting up your account. The only striking difference would be in the interface and how you navigate through the platform.

Here we have a step-by-step guide on how you can begin your forex investment career via a mobile trading app.

1. Find the best forex trading app

Every trading app might appear to have the same set of features. Yet, they are all unique, differing in value and efficiency. Your first step is to identify the best forex trading app that most suits your individual trading style.

In the later sections of this guide, we have provided an in-depth overview of how to pick the best forex trading app. We will further discuss in detail the factors such as regulation, commissions, fees, and overall performance.

At the very least, you need an app that is compatible with your mobile device. If you are switching between a tablet, a phone, and a computer, you need an app that can provide a seamless experience across all mediums.

2. Instal the trading app

Finding the best trading app is the toughest part of the process. The rest works as seamlessly as installing any other phone app. The majority of trading sites will have direct links redirecting you to their official apps. If not, you can also search for them through the android or ios app stores.

At this point, you should ensure that you are downloading the licensed and original version of apps. It is not uncommon to come across imitations or fake versions of such trading apps. Since you are essentially entrusting your capital into the hands of a brokerage firm, you need to ensure you are doing this through the authentic version of the app.

Once you download and install the app, the next step is to open your account.

3. Set up your trading account

If you already have an account with the corresponding trading site, then you will only have to log in with your credentials. If not, you might be required to first open an account with the broker site.

Apart from your email address and password, trading platforms also require you to provide personal information such as your full name, home address, date of birth, and phone number. Most importantly, you will also have to provide a tax identification number.

Depending on the trading site, users will also have to provide details regarding their employment status. Information that covers your annual salary range and your industry will also be required.

Crucially, broker sites also need to know about your prior experience in the investment industry. This also gives the provider an overview of your preferred assets, as well as the amount of leverage that you are suitable for.

4. Get your identity verified

The identity verification procedure depends on your country. For instance, in the UK, brokers have to follow the mandatory process called know your customer (KYC) to verify the identity and suitability of entering into a business relationship with a client.

The process is easy and efficient. All you are expected to do is to provide a government-issued ID that is valid in the said country and upload the document. As some trading apps also have to verify your address, you might need to provide additional documentation such as rent receipts, bills, or a bank statement.

5. Add funds to your account

In order to make the most of trading apps, you also need to have capital deposited in your trading account. You can do this only when your account is thoroughly verified by the trading platform (this often takes just minutes). Once it is, you can then add money with ease.

The best forex trading apps offer a variety of payment methods for users. This includes credit or debit card payments, e-wallets, or even a wire transfer.

6. Begin trading on the app

With a sufficient balance in your account, now all that is left for you is to start buying and selling currency pairs. Since trading apps provide access to more than one asset, you can find your preference by using the search function. For specific forex trades, you can enter currency pairs such as USD/EUR, and you will be redirected to the respective trading page.

If you are a beginner, it is always recommended to start trading in small denominations before moving on to larger trades. Once you are familiar with the app and experienced with forex trading, only then should you consider increasing your stakes.

How to find the best forex trading apps?

The answer to which is the best forex trading app will depend on your trading goals and experience. While beginners might find straightforward apps more appealing, the seasoned trader might be looking for sophistication that offers them enhanced market insight .

If you are struggling to find an app that meets your needs, here are some attributes you need to consider and compare. For those who do not have the liberty of time, we also discuss our preferred forex trading apps towards the end of this page.

1. Is the app compatible?

As we mentioned earlier, one of the main reasons why you are likely looking for a trading app is because of convenience. As such, unless it is compatible with the device you have at your disposal, you will need to stick with the website version of your chosen forex broker.

On the bright side, most established trading sites will develop apps that are compatible with both android and ios devices. However, if you’re using an alternative operating system – you might be out of luck.

2. Is the app regulated?

For any trader, the first metric that must be considered when picking a trading site is credibility. At the forefront of this are the licensing bodies that the broker is regulated by. For example, platforms in the UK have to be regulated by the FCA. In australia, it is ASIC, cysec in cyprus, bafin in germany, and so on.

If the trading app does not highlight their licensing bodies, this should be your first red flag. In other words, when you are trading with large amounts through these platforms, it is your responsibility to ensure that your money and interests are safeguarded. If you are unable to find this information on the trading app, the regulator’s register will be able to confirm this through a quick search. If not, it is best to avoid the platform and its respective app.

3. What payment policies in place?

Trading sites and apps have individual policies on the initial deposit amount and how you can make them. Today, unlike desktop sites, phone apps accept payments through google and apple pay – which is well worth considering.

Some users prefer this over credit cards or bank account deposits – as there is no requirement to enter sensitive financial information into the app. Optionally, some trading sites also offer support for e-wallets such as paypal or neteller. You also need to check whether the app charges you fees for making a deposit.

4. What assets can you trade?

Trading apps are available not only for forex but for every other financial instrument too. You will find that new-age trading apps typically address several asset classes as opposed to sticking exclusively to forex. You can look for each asset class and what services the trading platform offers before making your decision.

Additionally, you also have to look into the diversity of assets available in each financial instrument. For example, while some forex trading apps provide support only for major pairs only, others give you access to dozens of minors and exotics.

5. What fees do you have to pay?

Trading platforms make money from commissions and the spread and thus – a small segment of each buy and sell order goes to the respective platform. As such, i nvestors have to look for trading apps that offer tight spreads. This is the gap between the asking price and the selling price. The lower the spread is, the more of your profit you get to keep.

Some trading platforms offer no commissions but go a little higher on spreads. It is thus crucial to weigh in and compare the spread rates and whether or not they charge a commission. Apart from this, you will also have to pay overnight fees for each day that you keep the forex position open.

6. How user-friendly is the app?

For many users, the interface of the app plays a significant role in the decision-making process. Even though the best forex trading apps might come packed with advanced features and tools, if it is not user-friendly, it might be worth avoiding. Instead, you will be forced to waste time learning how the app functions – rather than spending your time improving your investment strategies.

Similarly, if the app only allows you to view current market prices – meaning you need to use the desktop website to place a trade, the app might not fit your criteria. Ultimately, if you are looking for an interface that works well with your phone screen and gives you a seamless transition from asset to asset – ensure the app is user-friendly!

7. How dependable is customer support?

If the trading site has a reliable client support team, you should expect the same level of service through the app. At the forefront of this is being able to speak with a support agent in real-time via a live chat facility. This avoids the need to call the broker up.

Why should you use an MT4 trading app?

Metatrader4 has evolved to become the sharpest tool in the box for the most seasoned of traders. Though it is applicable for trading across all financial instruments, it works extremely well with forex. MT4 is hugely popular since it allows users to employ their trading preferences with ease. The software also allows users to automate their trading based on the algorithms and autonomous robots. This way, the software will automatically open and close positions as per the set of parameters you set through MT4.

Additionally, you can analyze price fluctuations and interpret trading graphs. MT4 is a necessary tool that can help facilitate all remote investment strategies – so this something that is well worth considering.

Features of using the MT4 forex trading app includes:

Access to data from anywhere

Allows you to enter and exit trades instantly

Download history of currency pairs

Responsive design for phone screens

Includes all highlighted features of desktop versions

Manage your funds right from the phone app

Tools such as charts and graphs to understand the movement of currencies

Crucially, the MT4 app ensures that the process of trading and performing technical analysis is not hindered by smaller screen size.

Types of assets available on a trading app

Mobile trading apps can connect you to the same extensive network of financial instruments available through the respective brokerage sites. Although your preferred asset class might be forex, it is well worth exploring what other financial instruments you will have at your disposal.

Equities and shares

Individual equities are essentially shares that represent ownership in publicly held companies. Trades of these shares are facilitated through stock exchanges all over the world. You profit when there is an appreciation or depreciation in the value of these shares.

Equities are also therefore prone to the events and news that would impact the position of the underlying company. If you want to invest in international shares, you need to make sure the mobile trading platform give you access to the specific exchange.

Indices

If you do not have the required experience to speculate on individual equities, then the next best alternative is indices. These are stocks of different companies basketed as a group. Each group will have several companies mostly classified together based on their industry.

By trading indices, so you are essentially trading on the domestic stock market rather than on one company itself. However, note that a significant variance in the share of one sector could affect the rest of indices – especially if its tech.

Etfs

Exchange-traded funds are traded similar to stocks, but usually in a band of diverse assets. The value of etfs changes across the day, depending on the underlying assets it is tracking. As such, there are plenty of opportunities to go long or short throughout the trading day. Using a trading app for this purpose would be a notable choice as you can continuously monitor how the assets are performing.

Commodities

Commodities are classified into three sectors – energy, metal, and agricultural products. The prices of these will vary significantly throughout the day. The majority of trading apps give you access to dozens of commodity instruments. This might include gold, oil, gas, and wheat.

Cryptocurrencies

The popularity of cryptocurrencies in the global trading arena has surged in the last few years. Today, both developers and investors are keen to design apps that cater exclusively to the crypto trading industry.

Not every trading site has ventured into this domain yet. Traditional brokers often rely on cfds to execute trades on digital currencies. As such, if you do want to get into cryptocurrency trading, you will have access to leverage and short-selling facilities.

The best forex trading apps of 2021

Up to this point of our in-depth guide, we have covered in detail what to look for in a forex app. However, not everyone is able to invest enough time to find the right one.

After reviewing the aspects of tradable assets, fees, and features – we have rounded up a list of five well-rounded trading apps that will address all your investing needs.

1. Etoro – best trading app for beginners

Fully regulated by the FCA, ASIC and cysec - etoro is another platform highly suitable for forex traders. The platform charges you zero-commission on all of its assets. Etoro is especially friendly for trading amateurs - and it offers an easy registration process.

The platform gives you access to an extensive array of financial instruments, varying from forex, stocks, indices, cfds, and cryptocurrencies, including real-world ownership. The etoro mobile app is also packed with innovative features, giving you complete accessibility to all its resources.

One unique feature of etoro is the opportunity to follow the most successful investors. Using the copy trade feature, users can replicate the trading strategies of other etoro users and thus -benefit from their market insights. By setting allocating at least $200 into your chosen trader, etoro will execute similar orders on your behalf.

5 best forex trading apps in the market

The nature of the foreign exchange market is fast-moving, ever-changing and highly competitive. No wonder forex is the largest financial market in the world with the turn over of more than $5 trillion per day.

According to the data published by the economist, we can see the daily turnover of foreign exchange (forex) market was $4 trillion in 2013.

A trading platform is a place that allows investors and traders to open, manage and close market position. With the evolvement of high-speed internet connection, smartphone and some best in class forex trading apps, it has become much convenient and easier to get real-time access to forex at any time and anywhere.

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So, when it comes to trading where your money is involved, you must be careful about choosing the best forex trading app which can greatly contribute to your market opportunity, speed and, of course, the accuracy of your response to the movement of the price.

So, let’s review some of the very popular apps available in the market-

Metatrader 5

It’s an excellent platform for mobile online trading on the forex and stock market.

· all types of trading orders

· full set of trade execution

· trading history in details

· free financial news and information

The MT5 app bridges the gap between the traders and brokers by connecting the traders to the brokers’ servers. As a trader, you can receive stock prices and currency exchange rates. This app also allows you to analyze the financial markets by using the charts and technical indicators. You can also trade and view all the history of your trading operations.

This app is completely free of cost and available in both the apple store and google play store. The development of this app is so good that you will find this and it features very useful.

Netdania stock and forex trader

When it comes to making profitable forex trades, it’s important to get an understanding of the current market. Netdania helps you know the market in a very comprehensive manner by providing all the crucial data and strategies.

The best part of this app is that it compiles data from more than 20,000 financial instruments and thousands of real-time stocks.

Just like a personal trading assistant, this app also tells the users about the right time to enter or exit the market. This app is not only easy to use but also gives you real-time market news and updates within an economic calendar. You can share your strategy with the other traders and in that way, you can also learn new strategies from them.

This app is equipped with a very smart cloud technology which allows you to share and sync data across a huge range of devices.

To ensure that you are being constantly updated about the current market situation, you just need to sign up for the push notification.

This app is available in 18 languages and free to download from the apple store and google play store, though there are in-app purchases.

TD ameritrade’s thinkorswim mobile

The platform of thinorswim is highly intuitive. You should have no trouble operating the platform and start trading currencies on it.

This app also provides news alert and direct CNBC mobile streaming for the market news. To keep you updated on the forex trading market, thinkorswim sends push notification with set trading alerts.

The thinkorswim houses almost everything that a trader could want on a single mobile platform.

This app is available for both the android and apple users and it is free of cost.

Trade interceptor

Trade interceptor is another popular trading app available for both the android and apple users. This app provides traders with a considerable number of options, including the ability to trade currency pairs, binary options, and commodity futures through a choice of forex brokers. The interface comes with the analysis and technical trading tools to make things more convenient for you. There are more than 100 chart indicators that you can use.

You can use the live streaming price quotes, price charts including the latest bitcoin prices. You can get all the alerts on price levels and new releases.

There is a unique feature in this app which allows you to run simulated trading and backtest trading using the historical data.

Trading game

It is one of the best apps for doing demo-trades and gain market experience from it.

This free application offers you the practice experience that a real forex market would offer. Whether you are a new trader and want to get your hands dirty on forex trading or an experienced trader and want to hone your skill, this app could be helpful for both the purposes.

This app provides lots of lessons that help you know how the forex market works and how to make the right strategy that can make your a fortune. You can make use of the puzzles available in this website so that you can enhance your knowledge and learn about the forex market.

These are few apps chosen from the big number of forex trading apps available in the market. Each of these apps is useful in their own way and, provides top-notch experiences to the users.

Best forex trading mobile app

Sarah horvath

Contributor, benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com

Forex trading has risen to the forefront of the digital investment frontier. Forex might be right for you if you’ve got your finger on the pulse of world politics and global business.

Get started with our list of some of the best forex trading apps. You can trade right from your smartphone, and use few accessory apps that will help you make smarter money moves.

Best forex trading apps:

Best forex trading app for beginners: FOREX.Com

Best for intermediate traders: TD ameritrade

Best for advanced traders: etoro

Best technical analysis tools: nadex

Table of contents [ hide ]

Best for

Overall rating

Best for

1 minute review

IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface.

Best for

New forex traders who are still learning the ropes

Traders who prefer a simple, clean interface

Forex traders who trade primarily on a tablet

Easy-to-navigate platform is easy for beginners to master

Mobile and tablet platforms offer full functionality of the desktop version

Margin rates are easy to understand and affordable

Access to over 80 currency pairs

U.S. Traders can currently only trade forex

Customer service options are lacking

No 2-factor authentication on mobile

Account minimum

Pairs offered

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

FOREX.Com is a one-stop shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.Com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.Com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.Com is impressive, remember that it isn’t a standard broker.

Best for

Impressive, easy-to-navigate platform

Wide range of education and research tools

Access to over 80 currencies to buy and sell

Leverage available up to 50:1

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

Though australian and british traders might know etoro for its easy stock and mobile trading, the broker is now expanding into the united states with cryptocurrency trading. U.S. Traders can begin buying and selling both major cryptocurrencies (like bitcoin and ethereum) as well as smaller names (like tron coin and stellar lumens).

Etoro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though etoro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.

Best for

International forex/CFD traders

New cryptocurrency traders looking for an easy-to-use platform

Traders who want to buy and sell cryptocurrencies on-the-go

Simple platform that is easy to master

Copytrader feature that allows new traders to copy the same strategies used by professionals

Virtual dummy account that gives you $100,000 to practice trades

U.S. Traders currently limited to cryptocurrencies

Only 15 major coins available to trade

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

HYCM is 1 of the world’s leading forex brokers, offering investors access to over 69 unique currency pairs. However, forex isn’t the only thing the broker offers — HYCM also offers high rates of leverage, stock and ETF trading, commodity investing and much more. Getting started with HYCM is quick and easy, and most investors can open an account in as little as 10 minutes.

HYCM offers a varying fee structure, which allows investors to choose the spread option that’s best for them. A wide range of educational and investing tools are available, which can be equally beneficial to both experienced and novice traders. Though HYCM isn’t currently available in the united states, it can be a great choice for residents of the other 140 countries where it offers service.

Best for

Investors who want a customizable fee schedule

Traders comfortable using the metatrader platform

Islamic traders who need swap-free accounts that don’t build interest

Wide range of currency pairs available

Excellent selection of educational tools

$0 deposit and withdrawal fees

Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

A fully regulated broker with a presence in europe, south africa, the middle east, british virgin islands, australia and japan, avatrade deals with mainly forex and cfds on stocks, commodities, indexes, forex, cryptocurrencies, etc. This brokerage is headquartered in dublin, ireland and began offering its services in 2006. It offers multiple trading platforms and earns mainly through spreads.

Best for

Beginners

Advanced traders

Traders looking for a well-diversified portfolio

Controlled by regulatory agencies of multiple countries

Choice offered in terms of trading platforms

Support available in 14 languages and trading platforms in 20 languages

Practice/demo account available for trying out

Breadth of trading assets

Does not accept customers from the U.S. As it isn’t regulated in the U.S.

Transferring funds to the account may take up to five days; withdrawals could take up to 10 days

Characteristics of great forex trading apps

Though each forex trading platform and app aims to fill its own niche segment of the market, the most reliable and trustworthy trading apps all share the following three characteristics:

Real-time updates

A currency’s value can change at a second’s notice, so you’ll need immediately up-to-date value information in order to make the most informed trade possible.

This often creates a problem on mobile platforms, which have less processing power than desktop computers and can lag or crash in the middle of a trade.

Test out your forex trading app of choice with a few small test trades before you make a commitment to the platform to ensure that it is able to provide the trade and streaming speed that you need to complete your currency trades.

Trading education resources

In a market that’s constantly changing, knowledge is power. The best forex trading apps offer information on both the technical side of trading as well as the latest international news and editorials.

This helps traders learn more about how to predict which currencies will rise and fall in value.

Minimal spreads

In forex trading, the “spread” is the difference between the bid and the ask price of a currency and basically functions as your forex broker’s commission for carrying out your trade.

Though most spreads are only a fraction of a single unit of the currency you’re trading, high-frequency traders may soon see a large percentage of their profits eaten away by fees and commissions.

Don’t be afraid to shop around for forex brokers until you find one that offers fair fees—this will help you minimize loss while trading.

The best forex trading apps

We chose the forex trading apps with minimal spreads, great resources, and fast trading times. Here’s who made the cut.

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

Best for

1. Best for begginers: FOREX.Com

Not only is FOREX.Com 1 of our favorite forex brokers, it has some of the lowest spreads on the market and an amazing mobile app available on ios or android.

The mobile app allows for full functionality. You get the same advanced charting options, news and fund management as the desktop version.

You can create customized dashboards watchlists, and watch your positions on an easy-to-navigate app.

Commissions

Account minimum

Best for

2. TD ameritrade’s thinkorswim

It’s interface is intuitive. If you already have a brokerage account open with TD ameritrade, you can also trade options, stocks and futures on the thinkorswim app.

The platform also offers news alerts and direct CNBC mobile streaming for market news. Traders who initiate a large number of their currency exchanges on-the-go will love the platform’s alert system, which sends push notifications with set trading alerts.

Offering an easy-to-use mobile app that houses everything a trader could want on a single platform, very few brokerage firms come close to TD ameritrade’s intuitive thinkorswim app.

Commissions

Account minimum

3. Etoro

Etoro’s online platform already offers many of the world’s most popular digital currencies including bitcoin, ethereum, XRP and more. You’ll also enjoy additional benefits, such as real-time execution of market orders and unlimited daily withdrawals.

View real-time data, access in-depth analysis tools, 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 any time.

Commissions

Account minimum

4. Nadex

Nadexgo™ offers the same user experience as its desktop version, just on a smaller scale.

You have a full range of products with account management tools, real-time direct market access, and full charting and technical analysis features. You’ll have to toggle between the chart and order entry ticket, which may take some getting used to.

Nadex specializes in binary options and spreads trading. The fee structure is $1 per contract with a $50 maximum cap.

And you can exit a trade by placing a 2nd, opposite trade or by letting the contract expire.

Find the right app today

The forex trading market is no longer limited to government institutions and international banks. Thanks to a process called “trading on the margin,” there is no longer a $100,000 minimum barrier to begin exchanging currencies.

Mobile forex trading is still developing. Learn more about forex with benzinga’s list of the best forex trading brokerage firms for desktop trading .

Get a forex pro on your side

FOREX.Com, registered with the commodity futures trading commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.

EUR/USD as low as 0.2 with fixed $5 commissions per 100,000

Powerful, purpose-built currency trading platforms

Monthly cash rebates of up to $9 per million dollars traded with FOREX.Com’s active trader program

Learn more about FOREX.Com’s low pricing and how you can get started trading with FOREX.Com.

Looking for a highly rated forex signals provider?

Forexsignals.Com offers a highly rated platform with mentors who have 80 years of combined experience in the trading pits. They’ll help you decode real-time daily live streams using market analysis, trade signals and more. Forexsignals.Com doesn’t stop there. You can access hundreds of educational videos and workshops and even individualized private sessions with mentors. Never trade alone! Join forexsignals.Com now.

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So, let's see, what we have: we look at the best in forex trading platforms for use with mobile devices such as android and iphone. At best forex trading app