Best Forex Brokers For Mobile Apps

logomark Filippo Ucchino calendar Last Updated: January 2022 timer 10 min read
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Are you looking for the best forex broker for mobile apps because you want to trade on your phone as well as your browser or desktop?

We can help you.

Although practically all the biggest brokers these days now offer mobile trading, it is still a relatively new concept and standards can vary immensely between brokers.

Some forex brokers offer far superior mobile trading apps than others, so great, in fact, that they almost mirror trading on your desktop. Meanwhile, others can be severely limited in the features they offer, which can be quite frustrating or, some cases, completely pointless.

That’s why we made this list.

Table of contents

Top 10 Best Forex Trading Apps

Technology is of key importance when you are trading forex today. This means the best mobile compatibility to make your trading experience as convenient as possible.

To make sure that you never miss a trade, and still have access to all the top tools you can for trading, many of the best forex brokers offer some of the best forex trading app options that you can imagine.

Here we will take an in-depth look at the best forex app choices available with each of the brokers to allow you to make the very best choice for your trading career.

The first broker forex app to feature on our listing comes from FXTM. Like the others featured, they are a top broker, well trusted by traders around the world.

The currency trading app you will have access to here is known as FXTM trader. This will allow you a fantastic level of functionality to trade in all of the available markets at FXTM. This includes more than 250 instruments in total including major, minor, and exotic forex pairs.

Beyond the best forex trading app here, you will be able to safely manage your broker account, profile, and balance. The minimum deposit you will need to get started trading at FXTM is only $10 where you can open a great, low-risk cent account.


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81% of retail investor accounts lose money

When looking for the best online currency app, XTB has to be near the top of any list. The XTB mobile app is a well known offering from one of the top brokers around. Here you will have complete access to the full range of CFD assets offered by XTB. The total number here reaches a massive 5,000 assets.

Added to that, forex trading on phone with XTB allows you the capability to fully manage your orders including setting your order types, stop losses, and take profits where you need them to manage your risk. This app also allows for a great range of charts so you don’t lose out on any technical analysis. It can also be set up to send you real time push notifications which can be custom set at certain levels so you never miss a move.

Alongside these great features, you will be glad to find that there is no minimum deposit required from XTB. This makes it very accessible to start trading.


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73% of retail investor accounts lose money

IG Markets is one of the longest standing brokers in the industry. They have been around since 1974 and are a very well respected UK broker. Here you will have access to the IG Group forex trading app.

IG Markets, even through their currency investing app allow for access to a tremendous number of markets. This means you will be able to trade up to 17,000 assets through the app. With forex charts, app trading also does not need to reduce your capability. This is proven by the IG Markets trading mobile software which offers a massive range of charting tools too, 40 in total.

As what many consider the best app to buy and sell currency, IG Markets is a comprehensive offering. The minimum deposit here is also great considering the size. This changes based on the area you are trading from, but typically starts from $300 as a minimum.


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76% of retail CFD accounts lose money

Pepperstone offers a sublime service in a number of areas and is often considered one of the best forex brokers of our time. When it comes to mobile trading, Pepperstone offers traders two options – MT4 mobile or cTrader mobile, both of which are available for either iOS or Android devices. Pepperstone was also an early adopter of cTrader as well and has a wealth of experience with the technology, making it a solid choice for cTrader users.

With a $200 minimum deposit to get started, and some of the fastest ECN execution speeds in the business that include through mobile trading, it is no surprise then that Pepperstone are among the top choices in the industry. The broker also manages to incorporate a range of impressive social trading features to boot. Alongside these great features and reputation, you will be glad to find a very competitive trading cost at Pepperstone with spreads starting from 0 pips and an active trader program to further reduce costs.


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74-89% of retail investor accounts lose money when trading CFDs

Next on our listing for consideration as the forex trading best app in the business is Avatrade who offer the AvatradeGO app. This fx trading app, along with the broker themselves, are very well known in the industry for all that they offer.

This European broker is one of the best in the world when it comes to offering fixed spreads which are also available through the app, and start from a great value of 0.9 pips. The broker is also well thought of for the wide range of unique services they offer including AvaProtection. This can protect certain positions from losing money for a small fee.

With AvaTrade, beyond the great app which can be accessed through all devices, you will also find an extremely good value minimum deposit that starts from only $100.


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79% of retail investor accounts lose money

When it comes to social trading, eToro is undoubtedly the best known broker in the world. Also, with their forex mobile app, the eToro app, they have one of the best offerings in the industry. Through this app you can still engage in every aspect of the user-friendly platform which makes eToro the worlds best.

eToro does an excellent job in making everything available to you as a trader, including their unlimited demo account, and a wide range of forex charts. Android, Apple, or another smart device, it doesn’t matter. The same great features will all be available.

eToro comes with its standard $200 minimum deposit as always and the trading app even has a specific section for social trading where you can follow, copy, and interact with other traders just as you can with the desktop platform.


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Next in the selection when it comes to the best fx trading app is the offering from Forex.com. They are a top US based forex broker with very well-trusted regulation in place worldwide. At Forex.com you will find they use Tradingview as the base for their forex app.

Trading view is well known as a fantastic mobile app particularly when it comes to forex charts. App charting and other tools through trading view are top of the range and offer you advanced detail when it comes to the markets you are trading with Forex.com. The charting is also matched with great analytical capabilities.

Added to this, the Forex.com app allows you to set and manage your trading orders without problem alongside setting alerts on certain market movements. The minimum deposit in place here is also a very accessible $50 only.


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73% of retail investor accounts lose money

The next top forex trading app we have chosen comes from the top US broker TD Ameritrade. Their ThinkOrSwim platform is proprietary to the broker, and extremely popular among stock traders in particular.

Although the platform is very popular for trading stocks on mobile and your other smart devices, you can also trade forex and the other markets offered by the broker with ease. This great trading mobile software shows its prowess in providing a huge number of technical tools, 300 in total for you to trade with.

Another great positive when it comes to trading with TD Ameritrade is the fact they do not require any minimum deposit. With that said, if you wish to access real margin trading, you will need a minimum deposit of $2,000.


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FXCM is the next top named broker to feature. Their forex trading app comes in the shape of the FXCM Trading Station mobile platform. This is an extremely detailed, yet user-friendly platform allowing you to trade in more than 56 forex pairs and the other assets made available at FXCM.

The details available here extend to comprehensive technical analysis, and the trading of multiple time frames from the available,in-app forex charts. App trading has never been easier to get started with than it is at FXCM. Here you can begin trading with as little as a $50 minimum deposit, though you should note that this amount increases to €300 if you are a UK or EU trader.


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74% of retail investor accounts lose money

The last provider app to feature, but still of course one of the best CFD trading app choices available, comes from Plus500 through their Plus500 mobile app. Not only are they the number one CFD provider in the UK, but they also offer a great, user friendly trading platform on phone or other smart devices.

At Plus500 you will find a CFD platform who prides themselves on being extremely open, and available to all traders. To this end, they offer a great, unlimited demo account for you to practice trading where you can then move on to real account trading for a minimum deposit of only $100.

Through the excellent Plus500 app, you still have access to all the capabilities of the other types of trading platform. This includes being able to customize your trading orders including your guaranteed stop loss, and a host of other functions.


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72% of retail investor accounts lose money

What is the best forex trading App? Our top 5 for 2022

Besides the great range of forex mobile apps that are offered directly from brokers, there is also a fantastic range of third party platform apps which are offered by many brokers. Here is a look at the best of these on offer.

1. MT4

One of the most famous trading platforms in the world, and what many believe also offers the best trading app. MT4 is as always very safe, extremely light, easy to run on any device, and of course, user-friendly in how it operates.

MT4 is famed for the detailed charting apps, indicators, and analytical capability it offers through its forex charts. Android, Apple, other smart devices, it does not matter. You will still have access to all of this great capability through the trading mobile application. They have more than 80 charting tools in total available.

When it comes to top brokers who offer this platform, the majority of them tend to do so. IC Markets is one of the best MT4 brokers you can sign up with if you want to trade using this platform. Also, you can always get more information on these, and MT4 from our top 10 best mt4 brokers listing.

2. cTrader

cTrader is another top trading platform in every area. They are extremely well respected, and also feature as a fx trading best app choice if you are trading on mobile or smart devices. This is particularly true if you are scalping since the trading platform is a great choice for scalpers thanks to their extremely fast, and efficient order executions.

Through the cTrader platform app you will find much the same robust capabilities as a desktop or web-based platform. That is you will still have access to dozens of their charting tools, and the functionality to use algo robots on the platform if you need to.

When it comes to brokers who are using the platform, Pepperstone is one of the best cTrader brokers you have available to choose.

3. Tradingview

If analysis is your thing, then Tradingview is recommended as the top forex trading app for in-depth analytics. This comes alongside a very user-friendly layout which makes it quite easy to use and understand for all traders.

Using the Tradingview app, you will also benefit from the ability to backtest any algo robot you wish to apply to your own trading. Again here there is a comprehensive depth of charting tools with more than 80 in total available.

Tradingview does offer a free unlimited service which includes certain capabilities. If you wish to unlock some other benefits though, like additional chart services, then these are available at a cost from $14.95 per month.

4. NetDania

The next top available forex trading app platform is NetDania. They are a lesser known choice, but still offer an extensive trading experience that can rival the best choices in many areas.

With NetDania, you can benefit from having an excellent market overview which they provide, and be very well informed in regards to news on forex and stocks. This also extends to some detailed analysis which the platform can also provide for. Beyond this, you will have opportunities to advance your skills through helpful features such as the ability to attend planned webinars.

5. Bloomberg Business Mobile App

Bloomberg is of course world famous for the market news, views, and analysis which they provide. This is also available in app form and can prove very helpful to many who are trading forex and other markets.

Through the Bloomberg app, you can look forward to studying the markets using their helpful newsletter, range of articles, videos, podcasts, and much more material which is all available through their dedicated app.

Forex Trading Apps Characteristics

Now that you know the background on some of the best forex trading app choices, let’s take a closer look at the different characteristics you can find within some of these great apps.

Developers

There are typically two types of developers involved when it comes to making the best forex trading app. These are proprietary, and third party developers. Proprietary platforms are those which come directly from the broker themselves, and are created for the use of the traders from that broker.

Third party developers on the other hand will offer the services of their platforms to brokers who must pay a fee to then offer these platforms to their traders.

Analysis tools

As you have seen through our review of the best forex trading app choices, there are usually detailed charting and analysis tools also offered by these app-based trading platforms. These can include everything you find on a desktop, or web-based platform such as charting indicators, drawing tools, multiple timeframe views, and more.
They may sometimes be slightly more limited, but the best currency investing app choices are improving fast.

Social and copy trading

The availability of social and copy trading features within a forex trading app really depends on the broker. If the broker such as eToro and others, offer these features, then they will typically be offered through their proprietary trading mobile services. When it comes to third-party platforms though, these features are usually not available.

Round-up of the Best Forex Trading Apps

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

Broker Best for Min. deposit Unlimited trial
eToro app Social Trading $200 Yes
AvaTradeGO Protection $100 No
Plus500 app Demo Trial $100 Yes
IG app Total Assets $300 Yes
Pepperstone Scalpers $200 no
ThinkOrSwim Stocks $2000 No
FXTM Low Deposit $10 No
XTB New Traders $0 No
Forex.com US Traders $50 No
FXCM Trading Station Algo Traders $300 Yes
MetaTrader 4 Forex Trading Free* Yes*
cTrader Scalpers Free* Yes*
Tradingview Technical Analysis Free* Yes*

*This is a third party service. The minimum deposit and the demo trial characteristics change depending on the service offered by the broker.

Pros and cons of Forex Trading apps

Here are some of the advantages and drawbacks we have found when reviewing some of the best forex trading apps in the industry.

Pros

  • The trading mobile apps are typically very safe. This is in line with the reputations of the top brokers they are attached to, and the platforms themselves.
  • No matter what your needs are as a trader, there is typically at least one broker mobile app which will satisfy all of these.
  • In almost all cases, the best forex trading app will support multiple assets as offered by your broker.

Cons

  • The quality of what is offered by a third-party platform can be heavily influenced by what is offered through the broker it is connected to.

Our opinion on Forex Trading Apps

Choosing the best forex trading app is a challenge which many traders face as technology moves more and more mobile. The positive is that this movement is being well recognized by brokers and the platform developers who now offer hundreds of platform choices around the world which can provide trading capabilities. Your choice of these apps will really be down to the trading style and strategy you want to implement.

If you plan on trading forex and you want to trade with some of the best apps that can be compatible with many brokers, then MT4 and cTrader are a top-tier choice you can make. Depending on your other needs, particularly if you want to trade in more assets than just forex, another proprietary app choice may be good.

The bottom line is that fx app availability and functionality is improving all the time. Trading, analytics, charting, and portability. These top app platforms have it all in place to make sure you never miss a market move.


About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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