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.
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:
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.
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.
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.