We found 11 online brokers that are appropriate for Trading Forex.
In this article 'Best Forex Apps', we will discuss some of the best apps based on our research; and evaluate why these are considered to be the best on our list. We will talk about how signing up with one of the best trading apps on an Android or iOS mobile device can make a difference in trading performance. But as we move forward, it is important to remember that the modern world is interconnected through the help of the internet. This is a real blessing to the foreign exchange market, a market that is highly decentralized and multi-national.
Not all the apps mentioned in this article are developed for the same purpose. Each has its own Unique Selling Proposition (USP). Each is different from the other. Each serves a particular activity for traders, such as: trading, analysis or demo. Some of the best Forex app types will be discussed below.
Trading apps are the bread and butter for traders who prefer using a smartphone over a desktop computer. Nowadays, almost all Forex brokers and all Forex platforms offer a trading app of some sort. Many traders prefer it, even though it is not always as effective or contain as many features as the desktop version. Albeit, these apps are capable of performing some basic functions - like keeping track of the opening and closing of trades.
It is important to note here that due to these limitations, professional traders always prefer using a desktop service to using an app.
Analysis apps are more sought after than trading apps. Analysis apps pay constant attention to one's trading strategy-- in addition to checking charts, analyzing approaches, and studying the market in close to real-time.
Also called 'practice apps', the demo apps are most popular among beginners to get some exposure to the real market and to gain ample experience in trading through Forex. These demo apps offer a plethora of tutorials to help novice traders learn better Forex trading strategies.
Such apps prove to be the best companion in Forex trading. These apps keep traders updated with the latest news and events, even while on the move. The apps also provide in-depth, key financial news bulletins.
Almost all the best trading platforms offer mobile apps. However, the best platforms provide full-featured apps like those found on the desktop version. Below are some of the platforms offering the best Forex apps:
MT4 is the predecessor of MT5, but it is used more than its successor. It is one of the most powerful trading platforms, offering industry-standard app settings for analyzing and charting. Traders can enjoy the freedom of developing their own tools and information security.
MT5 is the successor of MT4 and offers vastly more features than its predecessor.
Many Forex brokers develop their own apps and hence, are able to address what is being demanded by traders. These are both feature-rich and easy to use. Bespoke platforms offer the best of several well-known apps.
Each Forex app is different from the others in fulfilling its own particular function. Therefore, some of the characteristics to look for when choosing to download one of the best Forex apps on a mobile device should be mentioned.
Traders who prefer app to desktop, trust that they will get real-time updates while on the go. Hence, it is important to check whether the preferred app offers real-time updates of valuable information.
As with any app, the owner wants to remain connected with the app at all times. So, it is important that the preferred app is rich in educational features. To guarantee these features, one should check whether the app offers relevant international news and editorials. This will make building trade strategies easier.
Most Forex brokers earn through spreads; and, it is important to ensure that these spreads are minimal. Spreads are simply the difference between the bid price and the asking price for a currency.
The list could be really long, but we will restrict it to just some of our top, or best, Forex apps. The first on our list is 'FOREX.com', because it comes with full functionality and customizable dashboards. The second is TD Ameritrade's 'thinkorswim', which offers alerts and news directly via CNBC mobile streaming. It is an easy-to-use mobile app. 'eToro' is another 'best app', offering real-time data and various in-depth analysis tools.
We tried to discover the reason why Forex apps are being used so much more often lately, and what advantages they have over their desktop version counterparts. Our concluding suggestion would be that novice traders start by downloading a demo trading app before jumping into real trading through mobile phones.
We've collected thousands of datapoints and written a guide to help you find the best Best Forex Apps for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Forex below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex.
Compare Forex min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex that accept Forex clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with fpmarkets |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare Forex ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex for 2021 article further below. You can see it now by clicking here
We have listed top Forex below.