For this list, we have searched and tested several forex trading apps offered by brokers.
We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex trading app based on our trading data and experience as a trader.
What are Forex Trading Apps?
Forex trading apps enable traders to execute trades on mobile devices. These trading apps are becoming popular among retail traders as mobile trading is becoming a norm with fast internet connections and powerful mobile devices.
Mobile trading apps are mostly built for two widely-used operating systems:
- iOS
- Andriod
The form factor of mobile devices also plays a crucial role in the development of such apps. And the brokers are also focusing on mobile apps due to the rising demand. In fact, multiple market surveys have found that more trades are getting executed on mobile devices now compared to desktop clients.
Forex mobile trading apps also support some powerful market analysis tools. But the limited screen size and the device processing power have become a roadblock in this segment.
Some of the benefits of forex mobile trading apps are:
- Ability to monitor the market while on the move
- Execution of trades from anywhere
- User-friendly interface
Best Forex Trading Apps
To select the best forex trading apps, we tested and reviewed several brokers (See the popular trading app for legit forex brokers in Nigeria). We opened live accounts and deposited real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.
- Markets.com – Best Overall Forex Trading App
- IG Markets – Best Forex Trading App for Beginners
- eToro – Best Forex Social Trading App
- IC Markets – Best MT4 Forex Trading App
- CMC Markets – Best CFDs Trading App
Best Overall Forex Trading App
We have picked Markets.com as the best overall forex trading app.
Markets.com offers one of the best apps when it comes to trading on mobile devices. Its mobile trading app is called Marketsx and is available on both iOS and Android devices.
Despite being a mobile app, Marketsx is loaded with features, Traders can obviously execute trades, but can also analyze the markets with some powerful tools and indicators. Additionally, the app also provides expert recommendations, opinions, hedge fund confidence metrics, trends and many more.
Markets.com also provides trading on MT4, MT5, and proprietary Matketsi, but those don’t have mobile clients.
It is a well-regulated broker and offers trading with forex and CFDs of indices, stocks, commodities and cryptocurrencies.
Best Forex Trading App for Beginners
We have picked IG Markets as the best forex trading app for beginners.
IG is a big name when it comes to trading platforms. The broker is regulated in almost all key jurisdictions and offers trading in more than 17,000 markets.
When it comes to mobile trading, the app offered by IG is probably the best choice for beginners. Available on both iOS and Android platforms, the app is very easy to use and navigate. But the most beginner-friendly feature of the IG app is the abundance of trading and market tutorials.
IG clients also have the ability to analyze the markets with 28 technical indicators on interactive price charts.
Best Forex Social Trading App
We have picked eToro as the best forex social trading app.
When it comes to social or copy trading, eToro is undoubtedly the leader. It has an excellent interface on mobile devices, both on iOS and Android. Traders get the list of all experts whose portfolios and trading activities can be copied.
The app shows all important metrics like the risk indicators of each expert, their returns, AUM, trade details, and all other key sentiments. Traders can also analyze the markets using charting tools and indicators, and place direct orders.
Best MT4 Forex Trading App
We have picked IC Markets as the best MT4 forex trading app.
MT4 is the top platform when it comes to trading forex and CFDs. But the mobile version of the platform dies not comes as a default: brokers need to license the mobile version separate from the legacy desktop client. IC Markets offers trading services using the MT4 platform on the web, desktop and mobile.
It offers a user-friendly interface with trade levels and volumes on the chart. The app can be also used while on offline mode to check symbol prices and charts. Traders can analyze the market with more than 30 indicators and execute trades directly from the charts.
IC Markets is an Australian broker and apart from his home base is also regulated in Cyprus, Seychelles, and the Bahamas. It offers trading services with forex and CFDs of indices, stocks, commodities and cryptocurrencies.
Best CFDs Trading App
We have picked CMC Markets as the best CFDs trading app.
CMC Markets is an excellent broker overall and also when it comes to trading CFDs on mobile. The broker offers dedicated platforms for iOS and Android devices, along with the usual web and desktop clients.
CMC’s mobile platforms come with a customizable dashboard. Traders can monitor the markets with optimizable charts: it offers a range of popular technical indicators and customizable chart extensions for market analysis.
CMC is one of the best CFD brokers, because of its wide range of product lines. It offers more than 10,000 CFD instruments across several markts including forex, stocks, indices, commodities and cryptocurrencies.
Forex Trading App List
Apart from the shortlisted brokers, here is a complete list of brokers that offers dedicated forex trading apps and platforms for mobile devices, which we have tested and reviewed.
| Forex Broker | Apps | Platforms | Test Details | Broker Review |
|---|---|---|---|---|
| Admiral Markets | Yes | No | Deposit Amount: Over €4,500 Total Trade: 12 trades | Admiral Markets Review |
| ActivTrades | Yes | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | ActivTrades Review |
| FXTM | Yes | Yes | Deposit Amount: Over €6,000 Total Trade: 12 trades | FXTM Review |
| Capital.com | Yes | No | Deposit Amount: Over €3,500 Total Trade: 15 trades | Capital.com Review |
| XTB | Yes | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | XTB Review |
| RoboMarkets (RoboForex) | No | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | RoboMarkets (RoboForex) Review |
| FBS | Yes | No | Deposit Amount: Over €5,000 Total Trade: 12 trades | FBS Review |
| ThinkMarkets | Yes | Yes | Deposit Amount: Over €5,000 Total Trade: 15 trades | ThinkMarkets Review |
| AvaTrade | Yes | Yes | Deposit Amount: Over €4,000 Total Trade: 21 trades | AvaTrade Review |
| CMC Markets | Yes | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | CMC Markets Review |
| Vantage FX | Yes | No | Deposit Amount: Over €5,000 Total Trade: 15 trades | Vantage FX Review |
| Plus500 | Yes | Yes | Deposit Amount: Over €6,000 Total Trade: 18 trades | Plus500 Review |
| eToro | Yes | Yes | Deposit Amount: Over $6,000 Total Trade: 18 trades | eToro Review |
| Trading 212 | Yes | Yes | Deposit Amount: Over €5,500 Total Trade: 15 trades | Trading 212 Review |
| Fortrade | Yes | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | Fortrade Review |
FAQ and More on Mobile Forex Trading Apps
Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to Mobile forex trading apps below.
Best Forex Trading App in the UK
The UK is a hub for forex trading brokers, most of which are offering trading apps to facilitate mobile trading. Some of the best FCA-regulated brokers offering forex trading apps are:
- CMC Markets
- IG Markets
- Markets.com
Best Forex Trading App on Android
Android is the most used operating platform for mobile phones, from budget to high-end. As the mobile trading craze is growing, brokers are focusing to offer the best experience on Android phones. Some of the best forex trading apps on Android are:
- eToro
- Markets.com
- Trading212
- Saxo Bank
Best Forex Trading App for iPhone iPad
Offering mobile platforms on iOS is a priority for brokers as Apple devices (iPhone and iPad) are very popular around the world. Some of the brokers offering the best forex trading apps on iOS are:
- CMC Markets
- Markets.com
- IG Markets
Forex Trading Demo Apps
Forex trading demo apps are popular as they allow new traders to learn trading using a demo account offered by the brokers. Traders can analyze the markets and execute trades on these accounts without risking real money. Some of the good forex trading demo apps are:
- eToro
- AvaTrade
- IG Markets
- Forex.com
Best Forex Trading Signals Apps
Forex signals are the expert leads and market forecasts based on their market analysis. There are many signals providers in the market, and many are now complementing their services on mobile devices as well. Some of the good forex signals apps on mobile are:
- eToro
- ZuluTrade
- NAGA Trader