Top 10 Best Forex Brokers For Mobile Apps for 2020

Filippo Last Updated: May 2020 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 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.

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Top 10 of the Best Forex Broker Mobile Apps of 2020

Here is our ranking.

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80% of retail investor accounts lose money


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.

Rated: Excellent
security 96
cost 55
trading 59
education 83

Platforms: Mirror Trader, Proprietary Desktop Platform, MAC Platforms Regulations: FCA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: $250
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79% 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.

Rated: Excellent
security 93
cost 74
trading 75
education 63

Platforms: Mirror Trader, ZuluTrade, MT4 Web, MT5 Web, Proprietary Web Platform, MAC Platforms Regulations: FSA, MIFID-ESMA, ASIC, IIROC, FSCA, Offshore, FSC (British) Minimum Deposit: 100
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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.

Rated: Excellent
security 95
cost 86
trading 74
education 80

Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: $0
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78.6% 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.

Rated: Excellent
security 96
cost 72
trading 69
education 82

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, ASIC, DFSA, Offshore Minimum Deposit:
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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.

Rated: Excellent
security 96
cost 69
trading 50
education 80

Platforms: Proprietary Web Platform Regulations: MIFID-ESMA, ASIC, CYSEC Minimum Deposit: $100
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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.

Rated: Excellent
security 96
cost 51
trading 63
education 100

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


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.

Rated: Excellent
security 96
cost 58
trading 54
education 100

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


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.

Rated: Excellent
security 95
cost 72
trading 51
education 81

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, CYSEC, Offshore Minimum Deposit: $1
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72.90% 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.

Rated: Excellent
security 96
cost 84
trading 58
education 100

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: MIFID-ESMA, CYSEC, Offshore, FSC (Mauritius) Minimum Deposit:
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.

Rated: Excellent
security 95
cost 73
trading 46
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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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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