Top 10 Best Forex Brokers For Mobile Apps for 2020

Filippo Last Updated: February 2019 10 min read
Top Rated:

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 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 of the Best Forex Broker Mobile Apps of 2020

    Here is our ranking.

    Open an account
    80% of retail investor accounts lose money

    1 XTB

    As of 2020, XTB is without a doubt the best broker for mobile trading apps, leading the way in a number of areas. Perhaps the most interesting thing about XTB is their mobile xStation 5 platform, which, impressively, can also be used via a smartwatch, as well as iOS and Android devices. Such innovation is not seen anywhere else. MT4 is also available for iOS and Android devices as well. Traders will also be happy to know that XTB is also one of the most regulated brokers in the world and was voted best ‘CFD Broker of 2018’ by the Wealth & Finance International Awards.

    A further attractive point particularly for new or lower risk traders is that they have no XTB minimum deposit in place. This makes it really easy to get started in trading some of the 1,500 available instruments that include 48 forex pairs at a highly competitive spread starting from 0.1 pips only. With a wide range of 25 crypto assets available, they are also a top choice for crypto traders.

    74
    Rated: Excellent
    security 92
    cost 55
    trading 60
    education 100

    Platforms: Mirror Trader, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 250
    Open an account
    71% of retail investor accounts lose money

    2 AvaTrade

    Avatrade are a top international broker based in Ireland and one of the few that offer a well-regulated environment for fixed spread trading as well as fantastic options when it comes to mobile trading, with their own very user-friendly platform Avatrade Go and the trusted MT4 mobile trading platform both available.

    Getting started in trading at Avatrade could not be easier, with a great value minimum deposit of only $100 also working to bring in many traders. There are a wide range of markets available to trade in with something to fit all styles. This includes spread betting if you are based in the UK or Ireland. The trading costs too are excellent value with a fixed spread that starts out from just 0.9 pips on some markets. As a mobile trader you too will be eligible to utilize the great AvaProtect feature if you require. This helps to protect your account from losses for a period of time and is a fantastic assistant to those that are new  to trading.

    82
    Rated: Excellent
    security 93
    cost 79
    trading 67
    education 100

    Platforms: Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, Proprietary Desktop Platform, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSB, Offshore, FSC (British) Minimum Deposit: 100
    Open an account
    74-89 % of retail CFD accounts lose money

    3 IC Markets

    IC Markets is a solid all-rounder offering mobile trading apps for some of the most used platforms. These include apps for the highly popular MT4 and MT5 for iOS and Android devices, as well as cTrader, also for iOS and Android devices. Additionally, IC Markets boasts some of the best ECN market access available today. If you are looking for a broker that offers mobile trading apps that are as close as possible to standard desktop applications, then this Australian broker is a good option.

    Not only are they the perfect choice for those mobile trading, but they are also highly-regarded as a top choice for all forex traders and scalpers alike. Much of this popularity is helped by the fact their trading costs remain very low. The spread with IC Markets starts out at just 0.1 pips. There is also no minimum deposit to worry about. This makes it ideal for new traders or those who want to try it out for the first time.

    86
    Rated: Excellent
    security 92
    cost 90
    trading 75
    education 100

    Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: MIFID-ESMA, ASIC, CYSEC, Offshore Minimum Deposit: 200
    Open an account
    76.5% of retail investor accounts lose money

    4 Pepperstone

    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.

    83
    Rated: Excellent
    security 91
    cost 81
    trading 70
    education 100

    Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, ASIC Minimum Deposit: 200
    Open an account
    75% of retail investor accounts lose money

    5 EasyMarkets

    easyMarkets are another broker who has built their own in-house trading app – the easyMarkets app, available to both iOS and Android users. The easyMarkets app is ideal for those looking to make short-term trades and beginners. Traders are also able to trade highly popular cryptocurrencies Bitcoin, Ethereum and Ripple as well. easyMarkets are also a great option for those based in the APAC region, recently being awarded ‘Best APAC Region Broker 2018’ by ADVFN International Financial Awards.

    EasyMarkets also has a reasonably low start up cost when it comes to minimum deposit. This stands at just $200 and provides access to a huge selection of 120 forex currency pairs as well as 30 additional assets. Beyond this they also offer excellent negative balance protection to their traders around the world and a highly attractive fixed spread that starts from only 0.9 pips.

    74
    Rated: Excellent
    security 91
    cost 82
    trading 51
    education 84

    Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 100
    Open an account
    75.54% of retail investor accounts lose money

    6 FxPro

    FxPro is also a great option for those looking for traditional desktop applications in mobile form. Again, these include MT4, MT5, and cTrader, all of which are available for either iOS or Android devices. Perhaps though FxPro is ideal for those who are interested in trading cTrader as FxPro has the most experience with the platform, being the first broker to formally adopt it upon its release. FxPro also has a strong cTrader developer community which can keep traders up to date with all the latest developments.

    All of this means that if you choose to trade with FXPro, you can benefit from an extremely wide range of top platforms to choose from. The award-winning broker also makes it very cost effective for traders to get started with the minimum deposit from only $100 ideal for new traders. If you are located in the UK or Ireland, you will also have access to the exciting FXPro Edge spread betting platform.

    77
    Rated: Excellent
    security 94
    cost 56
    trading 67
    education 100

    Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, FSB, DFSA, CYSEC, Offshore Minimum Deposit: 100
    Open an account
    81% of retail investor accounts lose money

    7 FXTM

    FXTM, which is also known as ForexTime, have developed two in-house trading applications – ForexTime and FXTM Trader, both of which are available for either iOS or Android. However, it should be mentioned that there is a key difference between these two apps. The ForexTime app is more used for account features, news, charting and alerts, while FXTM Trader is specifically for trading. FXTM also offers traders the ability to trade via MT4 and MT5 as well.

    With FXTM it is also very easy to get started. They offer a wide range of account types that includes multiple with lightning fast ECN execution. The minimum deposit here starts from $200 but for that you will gain access to a range of 48 forex markets and many more beyond, and all with unbeatable spreads that start from 0.1 pips.

    74
    Rated: Excellent
    security 77
    cost 71
    trading 71
    education 80

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, Proprietary Web Platform Regulations: FCA, MIFID-ESMA, FSB, CYSEC, FSC (Mauritius) Minimum Deposit: 100
    Open an account
    74-89% of retail CFD accounts lose money

    8 FBS

    FBS has a number of different trading and finance-related apps to download, however, their primary trading apps on offer include MT4 and MT5 for both iOS and Android devices. Other mobile apps include FBS CopyTrade, which allows traders to copy others, and FBS Trading Signals for trading signals. It should also be mentioned that FBS is also ideal for beginners who can start out with their Cent Account and professional traders who can make use of the 1:3000 leverage on offer for Standard or Zero Spread accounts. One of the very appealing points about this broker is the fact you can start trading through a cent account with a minimum deposit of just $1. This is great for those new to trading.

    The minimum deposit on a standard account is $100, while you can open an ECN account for $1,000. The wide of good value account types does not stop there, with the fixed zero spread account a fantastic option for mobile and other types of trades like at a $500 minimum deposit. All types of traders all well catered for beyond mobile trading too, with excellent value Islamic trading accounts offered where needed.

    59
    Rated: Medium
    security 48
    cost 79
    trading 51
    education 81

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 1
    Open an account
    73.57% of retail investor accounts lose money

    9 HotForex

    HotForex is another top international broker that’s perfect for both beginners and professionals, offering a deposit as low as $5 and leverage as high as 1:1000. Traders with HotForex can trade on their phone via their MT4 mobile app, which is available on iOS and Android devices. HotForex is also well-known for their top-quality customer service, being awarded the ‘Best Customer Service Award’ at the 2015 European CEO Awards.

    HotForex is an excellent all round choice for traders with an unlimited demo account available for you to get to know the trading platforms before you commit and a huge range of account choices available. This includes a great value minimum deposit starting at just $5. New traders can also learn a lot from the well organized educational section. Beyond these areas, HotForex takes very good care of traders and offers worldwide negative balance protection as well as their very own popular copy trading platform if you like this style of trading.

    80
    Rated: Excellent
    security 92
    cost 88
    trading 59
    education 100

    Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: FCA, MIFID-ESMA, CYSEC, Offshore, FSC (Mauritius) Minimum Deposit: 50
    Open an account
    74-89% of retail CFD accounts lose money

    10 Vantage FX

    Last but not least on our listing is VantageFX. They are an Australian broker well-regulated around the world by ASIC, the FCA, and CIMA.  They also offer excellent mobile trading platform options in the form of both MT4 and MT5 mobile trading platforms available in handy and accessible apps. These are some of the most comprehensive mobile platforms in the industry that will ensure you don’t miss a beat.

    With VantageFX, you will also have a wide account type choice. This includes a standard, and 2 ECN account types to select from with great execution speeds and even lower spreads. The minimum deposit requirement for these is reasonable too at $200 for standard, and $500 for an ECN account type. Once you are inside, you will have a broad choice of 150 CFDs, including 40 forex pairs, a great choice for all, and at great value too with the forex spread starting from rock bottom 0 pips.

    75
    Rated: Excellent
    security 91
    cost 77
    trading 57
    education 80

    Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, Offshore Minimum Deposit: 200

    What is the best forex trading App? Our top 3 for 2020

    Now that you have gotten to know about which brokers offer the best conditions for mobile trading. Let’s take a little deeper look at the actual forex trading apps and which platforms work best for mobile trading:

    1. MetaTrader

    When we think about trading of any kind, mobile forex trading included, the first name we usually think of is MetaTrader. This is one of the most common and well trusted trading platforms in the sector developed by MetaQuotes.

    MT4, and the slightly later version, MT5 are widely considered by brokers to be both very efficient and flexible for traders too. These platforms are very lightweight in terms of requirements which means they can run on practically any device while still incorporating all of the most up to date features including a wealth of professional charting tools and indicators. The vast majority of these tools and  charts are also available on the mobile version of the platform. This makes it one of the most comprehensive mobile platforms around. You can even enjoy automated trading through EAs and broad support from the MQL community forum of traders that backs the platform. An  excellent all round choice for mobile trading.

    2. cTrader

    cTrader is another well-recognized, respected, top trading platform in the industry. Although slightly less commonly used than Metatrader, many forex traders like to use cTrader. This can be specifically true if they are trying to prioritize speed of trading through the likes of an ECN/STP style account since cTrader is typically a fraction faster in execution than Metatrader.

    With that, the trading platform does take just a little more computing power to operate, though it still functions very smoothly for mobile trading through Android or iOS, and of course on desktop.

    3. NinjaTrader

    The third trading platform which you will see available in some cases, is NinjaTrader. This is a very well-regarded independent trading platform that you can connect to on a standalone basis without needing to connect with a specific broker. The platform again offers a great range of charting and analysis tools and resources that are regularly updated.

    To access the trading platform there is a subscription fee which you will need to pay. This is one of the factors which may make it less common than the other trading platforms, but a free trial is available and NinjaTrader is still very much considered an excellent choice for mobile forex trading.


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