Be wary of trading apps that only offer email support; you won’t be able to receive assistance quickly. It’s best to start off with a demo account before trading forex with real money. Nonetheless, you’ll likely find that commission-free forex apps charge higher spreads.

Setting up alerts for currencies when they reach a certain price, software-driven trading notifications and historical data ensure you are making wise decisions. For example, eToro is authorized and regulated by FINRA, meaning it can facilitate US client accounts. EToro is also regulated by the FCA and CySEC, which covers the UK and European markets. FINRA, FCA, and CYSEC are tier-one bodies that have very strict regulatory requirements. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

The Best Forex Mobile Trading Platforms: Check Brokers’ Background

In addition to its own homegrown web and mobile platform – helpfully known as OANDA TRADE and powered by TradingView – OANDA also offers access to MetaTrader4 and a MetaTrader4 Premium plugin.. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. If you want to save for retirement or your children’s college tuition, you should look for a broker who offers the appropriate account, such as a regular IRA, a Roth IRA, or a 529 College Savings account.

• Between 74% and 89% of retail investor accounts lose money when trading CFDs.
• Bloomberg offers a number of mobile applications for iPhone and Android, but access to some of these requires that users have current subscriptions to Bloomberg services.
• The potential the iOS market can bring to this app’s success is yet to be explored.
• After all, forex trading apps offer regulated financial services, so it’s important that your funds are safe.
• Plus you can access professionally curated news covering Asian, European, and American markets.

Note, however, that trading bots and EAs written for use with MT4 will not transfer to MT5 due to a difference in the programming language. Thanks to its MetaTrader 5 core, users can take advantage of Depth of Market views. Armed with additional liquidity visibility, users can more effectively manage their pending and stop orders. Trading.com’s app allows users to view charts in landscape mode by flipping the phone on its side. The platform also does not allow for social trading, though scalping is permitted.

Traders Union: Best for Customer Service

This refers to the development of trading robots and technical indicators that lets you develop, test, and apply Expert Advisors and technical indicators. This eliminates any challenges you may have in analytical and trading activity. This is another Chinese crypto scam so please be very cautious, in choosing platforms that are legitimate.

You may make watchlists, examine charts, place trades, and track them using WebTrader’s user-friendly interface. From tick charts to weekly charts, you can track a wide range of indicators through technical analysis charts. Both platforms have mobile apps that work on Android and iOS, making them accessible to almost all smart devices.

Forex Risk Disclaimer

Moreover, XTB is a public company listed on the Warsaw Stock Exchange. You’ll need more than an overview when selecting the best forex trading apps. In this section, we review the top 10 providers for safety, fees, payments, trading tools, and much more. Based on 13 different variables, here are the brokers that offer the best forex trading apps. In addition to cryptocurrency, eToro customers can trade stocks and exchange traded funds (ETFs) at 0% commission, even for fractional shares.

Available for both iOS and Android, the FOREX.com mobile app focuses on adding value to the trading experience through customization and robust charting. Virtually every aspect of the app can be tweaked to your unique specifications, including personalised, real-time price alerts and order notifications, light and dark themes and market watchlists. Consider testing out the platforms that appeal to you the most, as they all provide various interface styles and tools.

Can you get rich by trading forex?

This enables you to learn how forex charts and technical indicators work. If you’re looking to trade currencies on a smartphone, you’ll need an account with a regulated forex app. Important factors to consider when choosing a forex app include regulation, supported markets, commissions, spreads, and minimum lot sizes. No single mobile trading app can claim to be more profitable than another.

Put simply, leverage allows you to enter forex positions with less than you have in your account. There are two versions of the MetaTrader app for both Android and Apple iOS devices — including the MetaTrader 4 (MT4) app as well as the newer MetaTrader 5 (MT5) app, which continues to gain adoption. Learn more about MetaTrader 5 (and find a great forex broker that offers MT5) by checking out our full MetaTrader 5 guide. We’ll help you pick a forex broker that’s great for beginners, and go over some of the forex fundamentals to help jumpstart your forex education.

Trade Interceptor

The Traditional Account offers commission-free transactions but substantially wider spreads. Spread refers to the amount of commission your forex broker takes from you, and should be minimized as much as possible. This will start making sense when you start increasing your trading frequency.