Trade forex app

Trade interceptor also provides access to live, streaming price quotes and price charts, including the latest bitcoin prices.

Free forex bonuses

Top 4 Apps for Forex Traders, trade forex app.

Traders can set alerts for price levels or news releases, and the app provides access to the daily economic news calendar and real-time market news. There is also a feature that allows traders to do simulated trading and backtest trading strategies using historical price data. The amount that is traded on the forex market every day.

Top 4 apps for forex traders

Active currency traders like to have access to market news, quotes, charts, and their trading accounts at their fingertips at all times. This has made smartphone software applications extremely popular with forex traders.

Key takeaways

Trading forex has never been easier for individuals, and with many platforms now offering real-time trading through fully-functional mobile apps you can trade on the go.

Because of its popularity, app-based trading is now offered by most forex brokers - even if you don't have an account already set up with their main platform.

Here we look at just four stand-outs for mobile forex trading.

Forex mobile apps

The major currency pairs traded in the forex market are active, often volatile, event-driven, and, therefore, very vulnerable to economic news announcements that occur throughout the regular 24-hour trading day.

More than $5 trillion

The amount that is traded on the forex market every day.

Nearly all forex brokers offer mobile applications, and some of the individual broker apps are so popular that traders who don't have accounts with the broker still use its apps. Other popular forex trading apps offer free and easy access to news, price quotes, and charting.

Netdania stock and forex trader

Netdania stock and forex trader is one the highest-rated and most popular apps used by forex traders because of its ease of use and versatility. The app provides up-to-the-minute forex interbank rates and access to real-time price quotes on stocks and commodities, such as gold and silver—more than 20,000 financial instruments in all.

In addition, the app offers live, streaming charts and the latest market news from fxwirepro and market news international. It also allows traders to set price or trendline alerts on specific currency pairs, stocks, or commodities, and to customize the menu to suit their personal desires for news and price quotes. The app is available for iphone and android smartphones.

Trade interceptor

Trade interceptor is another popular trading app available for iphone and android users. The app provides traders with a host of options, including the ability to trade currency pairs, binary options, and commodity futures through a choice of forex brokers. The interface offers analysis and technical trading tools, including nearly 100 technical chart indicators.

Trade interceptor also provides access to live, streaming price quotes and price charts, including the latest bitcoin prices. Traders can set alerts for price levels or news releases, and the app provides access to the daily economic news calendar and real-time market news. There is also a feature that allows traders to do simulated trading and backtest trading strategies using historical price data.

Bloomberg business mobile app

Bloomberg offers a number of mobile applications for iphone and android, but access to some of these apps requires that the users have current subscriptions to bloomberg services. However, even its basic business mobile app is more than sufficient for most traders whose primary interest is real-time access to the latest market news.

The app offers access to global financial markets and business news, market price data, and portfolio tracking tools. The menu is customizable, and the app's watchlist feature lets traders track and analyze their current market positions in currencies, commodities, stocks, mutual funds, and exchange-traded funds (etfs) with charts and information summaries. Users can also watch bloomberg TV live through a streaming video feed.

Thinkorswim mobile

One of the most popular trading apps provided by a broker is TD ameritrade's thinkorswim mobile, a full-service trading platform application. Thinkorswim allows TD ameritrade clients to trade currencies, options, futures, and stocks with an easy-to-use, on-screen interface. Users can access live, streaming charts that they can load with common technical indicators or even chart study tools that the user has created for themselves.

For up-to-the-minute business and financial market news, users can access live, streaming CNBC broadcasts. Active traders can use the thinkorswim mobile app to monitor their positions, orders and accounts, make account deposits, and modify trading orders or alerts through their smartphones. The mytrade community feature lets users connect and communicate with fellow traders. Additionally, investors can test out their trading strategies with the papermoney trading simulator feature on thinkorswim mobile.

Best forex trading app of 2021: trade and invest on your android or iphone

What are the best forex trading apps to trade from your smartphone?

The best forex trading apps have become increasingly accessible through the use of apps for mobile devices, such as smartphones and tablets.

This is especially useful when, in today’s interconnected world, the foreign exchange market plays an important role in daily business. It’s a global, decentralized environment where financial institutions and businesses can trade currencies.

According to research from the bank for international settlements, forex trading generates an estimated $5.3 trillion daily - making it larger than other financial markets. Often, it’s dominated by large international banks and corporations, which work around the clock to trade and convert international currencies.

Forex trading also underpins international trade and investments. For instance, if american companies want to import goods from a country in europe, they’ll most likely need to complete transactions in euros. Through forex, these firms can exchange dollars for euros quickly and easily.

As well as enabling trade between countries, forex trading is a lucrative investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make forex trading work.

That’s where forex trading platforms comes into the picture, automating this common business practice. Essentially, these will search through the market for the best currency trading opportunities. And in this article, we’ve picked out the best forex trading platforms around.

Best forex trading apps 2021

Forex traders need to have constant access to trading accounts and market news to take advantage of unexpected opportunities. Mobile apps are the best way to keep trading when on the move, but mobile trading also has its downsides.

To make this list of the best forex trading apps, we have included the apps that best capture the desktop trading experience. This includes advanced charts, news feeds and live market data.

Avatrade - best forex trading app

FXTM - best app for automated trading

XM - fastest execution speed

Hotforex - best app for forex analysis

Etoro - best app for social traders

Marketsx - most instruments to trade

Plus500 - best for non-forex cfds

XTB - best regulated forex broker

Best forex trading apps 2021

Last updated on 8 dec 2020

Updated 8 dec 2020

All brokers regulated

With over 200,000 active traders around the globe on the MT4, MT5, and avago platforms, and the award for best trade execution 2016 by the african finance expo, avatrade is a good partner for all types of trader. Avatrade has built its reputation on being a client-focused, dependable broker, and continues to add to that reputation with the recent addition of avaprotect to its product lineup.

With great trading conditions across forex, commodities, cryptocurrencies, etfs, bonds, and equities and boasting FSCA and ASIC regulation, avatrade is competitive with some of the best brokers in the world.

FXTM is regulated by the FCA, cysec and the FSCA in south africa and the educational material offered is first-class. By keeping the focus on beginners looking for reasonable trading conditions, the FXTM team of educators and analysts have succeeded in creating a welcoming environment for new traders. Additionally, FXTM are one of the few brokers with 24/7 support, allowing new traders to get set up on weekends or holidays.

For the absolute beginner, FXTM has a great deal of training material to help new traders get started. Materials include articles, videos, webinars and a searchable glossary of new vocabulary. This is an excellent resource and many hours can be spent covering the basics of forex trading. There is an additional set of videos that cover analysis topics, and more detail on chart reading techniques.

FXTM has an open “daily market analysis” section on their website where research analysts post bulletins that connect daily news items with analysis and actionable trading ideas. This can be combined with other sources to achieve a more comprehensive view of global events and the trading opportunities they represent.

The standard account has a minimum deposit of 100 USD and spreads start at 1.3 pips. FXTM also offers a cent account where the minimum deposit if only 10 USD but the spreads will be wider. If you can afford it, I would recommend starting with the standard account.

Forex trading apps

The best forex trading apps can make a huge difference to your trading performance in 2021. Whether you need a forex app on android, iphone (ios) or another platform, or you want forex signals, a demo account for practise and simulation or full FX charts on the go – our review of forex trading applications has got you covered.

In a world where everything is interconnected, the foreign exchange market is a pivotal component of day-to-day business. It is a multi-national, decentralised market in which currencies can be traded by financial institutions and businesses.

Top forex trading apps

Plus500 have developed their mobile apps to match the webtrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.

Running alongside the advanced and webtrader platforms, the forex.Com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

IG offer a superb all-round trading app. One of the pioneers of mobile trading, the app has been developed and refined over many years, meaning it is now among the best trading apps, full stop. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks.

IC markets deliver mobile apps for both their ctrader and MT5 platforms. Both have been developed on android and ios separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC markets is retained across their apps.

XM deliver a mobile app for both android and ios that has been specifically tailored to each platform, maximising the functionality of both. The app delivers the metatrader 4 and 5 platforms in your hand, with full trading and charting capabilities. Try it out today.

IQ option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.

Pepperstone deliver their metatrader4 and 5 platform across both android and ios. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the pepperstone mobile app is a powerful addition.

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, MT4 is a formidable trading tool. The app supports both metatrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

Avatrade provide avatradego for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The avaprotect™ feature even adds another layer of risk protection. Download it today.

Etoro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via android or ios. Trade the biggest global stocks from the palm of your hand.

Fusion deliver their unique, low cost MT5 platform on both android and ios. Both applications offer one click trading, customisable layouts, news and advanced charting. Accounts can be fully managed from the mobile app too.

Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritise this type of trader. The app offers 2100+ markets, zero commission and a free practise account. Download the app risk free and try it out.

Markets.Com operate marketsx – the bespoke platform, both on webtrader and mobile applications. The app, available on android and ios has been downloaded over a million times.

The best tools

Every single day, companies and individual investors make billions through the purchasing and trading of currencies. The possibilities are huge, but it does take a substantial amount of skill and experience to be a truly lucrative forex trader.

There are so many things to consider, and so much knowledge to be applied as a trader, as well as a wealth of data to be analysed and interpreted.

This is where forex trading apps come into the frame, helping to make this common business activity accessible for all.

Forex trading apps are usually available free of charge, and can be downloaded on a range of platforms, from android and ios devices, to windows and blackberry.

They are specially designed to take advantage of the features of mobile devices and tablets so that you get a unique experience when using them. If you are a trader, or considering becoming one, you need to know that forex trading apps are an integral part of the modern trader’s daily life, so start exploring them if you haven’t already.

Types of apps

Forex trading apps are available for a range of the activities required to be a successful forex trader.

Traders need to have a platform to interact with the markets, buying and selling currency pairs with the objective of making the biggest profits possible.

They may also need educational tools to learn their craft and continue their professional development for the long term.

Global news developments are important, because they have a huge impact on the value fluctuations of currencies all around the world.

The analysis of trends and statistics is also absolutely essential, with the thoughts and advice of experts and peers needed to help give insights and perspective on everything that happens.

When deciding on the ‘best’ forex app, each trader will need to identify the most important features for their own trading.

Trading apps

These are the bread and butter of the mobile forex trader. Whatever broker you work with, and whatever platform you use, it is almost guaranteed that you will be able to trade forex on mobile devices.

The trading experience on mobile is not always as fully-featured or effective as the desktop version, but it can be very useful for keeping track of your positions and closing out trades.

The vast majority of modern traders will make use of mobile trading apps, but the professionals will focus their main trading work on desktop devices. Nevertheless, there are those who only trade through mobile platforms, and every broker will offer them to accommodate the needs of different types of trader.

Analysis apps

These are a popular resource for mobile devices, and may be used even more than trading apps.

When you are actively trading, you will need to be paying attention to your trading strategy. This involves running through analysis and checking charts to develop different approaches to the market, and all the good work you do on your mobile can be put to use when you get back to your desk.

These are invaluable tools, and many of them are just as good as anything you will find for your desktop.

Apps have advanced features and can be very easy to interact with thanks to the way mobile devices work, so it’s no surprise they have become the primary source of market analysis for many modern traders.

Market news / event calendar

It is always useful to stay abreast of all the news that is relevant to the forex market, whether you are at your desk or on the move.

By keeping a watchful eye on live data feeds and key market news, particularly if you have an open trade in progress, you can make informed decisions and strategise more effectively.

Generic news apps often have sections for economic or financial news bulletins, but apps which are specially designed for this type of news are likely to have more features for you to sink your teeth into.

They also offer more in-depth and comprehensive news, and may even incorporate analysis alongside news to help you interpret the latest developments.

Demo or practise apps

The majority of traders who are just starting out are trading around their day job. This means they simply don’t have enough hours in the day to sit at the desktop honing their trading skills. Apps designed for beginners include things like live demo accounts with dynamic markets that can be interacted with on your mobile phone. They also involve comprehensive market tutorials and plenty of other materials to keep learners busy and educate them as they travel.

App platforms

Mobile apps are often developed for all major types of device, so android, ios, windows and blackberry. The best apps will make full use of the features available on each platform.

Beyond the device itself however, there are also different trading platforms themselves:

Metatrader 4 (MT4)

Metatrader 4 was the most popular forex platform for most traders until pretty recently. It set the standard for charting and analysis in particular. Traders could develop their own tools and were also secure in the knowledge, that the broker – while having integrations, did not operate (or have power within) the platform.

Metatrader 5 (MT5)

The next iteration of this powerful platform – metatrader 5 – has arrived and while it took a while to happen, many brokers now offer MT5 integration in place of (or as well as) MT4.

Bespoke platforms

Many brokers develop their own trading platform, both on websites and mobile. This gives them to freedom to create exactly what traders want. The downside of course, is that brokers also create apps for what they want – which is for traders to trade as often as possible.

It is a trade-off worth making, as many of these in-house apps are feature rich, configurable and easy to use. Many brands will also offer both an in-house platform, and MT4 and MT5 options. The best of both worlds for traders.

Benefits of using A forex app

The convenience of mobile devices and their apps is the number one feature that app developers seek to tap into, so it is no surprise that forex brokers and other institutions now offer apps to deliver that same convenience. With this in mind, here are some of the main benefits of forex trading apps:

Convenience – as we have mentioned, forex trading apps make being a trader far more convenient. In the past, traders could only engage with the market from the office. They could only follow the latest news by scouring the newspapers and watching the television. They could only explore and analyse data by sitting at their desktop. And they could only get advice and analysis by making contacts and checking in with them regularly. All of these functions can be performed by a small selection of mobile apps – in some cases, a single mobile app can perform all these functions.

Mobility – not only do forex trading apps make it more convenient to access everything you need as a trader, they also enable you to do it on-the-move. You no longer have to be at your desk or in the office to work – you can keep your finger on the pulse of the markets wherever you are, whatever you’re doing. This is an empowering feature of these apps, making it easier than ever before to be a forex trader.

Speed – traders can no react immediately when they see opportunities.

Disadvantages to mobile forex trading

There are many advantages to using mobile apps for your trading work, but it’s important to note the disadvantages too. If you wish to be successful as a forex trader, it is unlikely you will be able to reach your full potential through mobile apps alone. Here are some of the issues traders encounter when working through their mobile device:

Screen size – with such a small screen to work from, you’ll feel this limitation. Many traders work with twin desktops, displaying multiple charts and holding several positions concurrently. This simply isn’t possible on a mobile device – even one with a larger screen size.

Distractions – mobile devices are designed to give you notifications and enable people to contact you. If you are messaging people and checking social media whilst trading, your focus is divided and you run the risk of making grave errors. If you are using a mobile device to trade, try to minimise the distractions.

Execution speed – you won’t be using your mobile device for fast, straight-through processing (STP) trading. The speed of mobile networks is always improving, but there is always latency when compared to trading on your desktop. Furthermore, the general stability of mobile apps makes it a risky thing to do.

Over-trading – often, the best move as a trader is to do nothing. The convenience of mobile trading apps can put you at risk of trading too often, taking risks you may not take at your desk. Discipline is key for good trading.

It’s important to use your mobile trading apps in a way that works best. Be cautious about the things listed above, and fit your trading app into your routine.

Demo accounts

If you are considering investing in the stock market, but you don’t feel you have the skills or confidence to dive in yet, then a good practice platform can be a great help.

You will want an app which offers a quality virtual trading experience based on real market data. Learning by doing is the best method of training.

This will enable you to gain valuable experience, build a strong knowledge-base, and get insights into how the trading experience works.

Most brokers will offer demo accounts via their app, and the look and feel will mirror the full trading platform entirely

For the most valuable educational experience, look for an app with a comprehensive feature list. This includes:

Covering a large number of assets and markets

Supporting stop-loss and limit orders

The ability to build a portfolio

Advanced charting

Investing news is also available in some apps, along with things like business magazines, in order to provide more in-depth guidance. Multiple graphical interface themes are a nice touch, enabling users to personalise their experience and feel more immersed in the whole process.

Best forex trading apps

The best trading apps will offer a range of features. Each trader may value different things, but when comparing apps there are a huge range of things to consider:

Execution speed

Platform layout (usability)

Security

Full version (does the mobile app match the website in all functionality)

Deposit and withdrawals

Charting / drawing

Reliable (no crashes or glitches)

Support via the app

Well maintained (by the developer)

Full range of markets

Other factors might come into play for you personally, but there are some basic level features that every app should delivery.

Analysis tools

When looking for a forex trading analysis tool, you want something that has advanced features that will work for professionals. Mobile apps are superb on this front, helping traders to track the leading currencies and stocks to invest in.

You want a wide range of chart types, intelligence indicators and drawing tools to give you full control over your analysis.

Many analysis tools that made a name for themselves on desktop are now available in mobile app form. They will integrate touch controls brilliantly, and offer split-screen modes to let you observe two or more markets simultaneously.

Modern forex analysis apps will be powered by the cloud, which enables you to access trade data, analysis tools and price alerts wherever you are. They will provide streaming quotes that cover major forex trading, indices, cryptocurrencies, commodities and precious metals. And they will deliver their analysis on all the world’s major markets.

Look out for additional built-in trading tools, such as:

Data release alerts

Economic calendars

Trading simulators

Risk scanners

Intelligence reports

Look out for extra trust marks like authorisation and regulation by leading finance regulators like the FCA in the UK and the ASIC in australia. These things should guarantee that the information presented is accurate and reliable because the software provider has accountability if they mislead or attempt to manipulate anything in the market.

News / event calendar

News, particularly economic news, will often drive forex prices.

Many apps will deliver an events calendar that will list economic announcements like central bank rate setting meetings or notable figures and reports being released.

While many view this as a ‘nice to have’ feature, it can be invaluable to ensure traders are not caught out by a sharp move after a news release.

What app do forex traders use?

There is no single app that forex traders prefer. A trading app choice will normally come down to a range of factors, such as trading costs, speed and reliability.

The most popular apps however (based on downloads) are trading212 (5.5m), plus500 (5m) and markets.Com (1m)

Which is the best app for beginners?

Beginners should almost certainly head for the forex trading apps that offer a demo or virtual account see list. These practise accounts require no deposit and beginners can learn how to trade without risking any real money.

Once they have gained confidence, traders can open a real money account via the same app, knowing the platform will remain exactly the same.

Can I open A forex account from an app?

Yes. Almost every forex trading app will allow traders to open an account directly from the application.

How does A demo forex trading account work?

Most demo forex apps operate in exactly the same way as the ‘real money’ platform. They give traders a starting balance of ‘virtual funds’. Traders can then make trades with that virtual money, opening and closing trades using any system or style they want to. If trades show a profit, the virtual balance will grow, but losses will reduce their balance – just like a real account.

While there are psychological differences between trading with virtual money, compared to real money – it remains the best way to learn how to make trades.

Are trading apps free?

Brokers do not make any charges for downloading or using their apps. Trading costs, whether via commission or spreads, will be the same on apps as they are on the full online trading platforms.

The best forex trading app

Traders all around the world are benefiting from their successes in the forex market. However, it's not an easy market to conquer - traders have to keep up with the latest developments, news and events in the financial world. Over recent years it has become easier with the increased use of mobile devices, and the development of forex trading apps.

Professional traders no longer have to stay chained to a desk, because forex trading is now easier than ever, with many platforms and brokers offering real-time trading through mobile apps. Forex mobile trading is more important than ever before in this world of 24/7 trading, and 24/7 news cycles.

So, if you're looking for the best currency trading app on the market, an app that allows you to practice forex trading, or a forex news app, this article will assist you with choosing the best forex mobile trading app, so that you can trade FX anytime, anywhere.

What are forex trading apps?

A forex trading app is a mobile app that allows you to trade the forex market, or provides information that can help you make more informed trading decisions. These apps may range from the mobile versions of popular trading platforms, like metatrader 4 and metatrader 5, to apps designed for a single purpose, like reporting on market news or gamifying the trading experience.

When used together, many apps can create a complete trading toolbox, meaning you can carry out your trading strategy without being chained to your desk.

How to use a forex trading app?

The way in which you use a currency trading app will vary depending on the app you use. So, here we'll give you a brief overview of how to trade on one of the most popular mobile trading apps on the market - the metatrader 5 app.

Go to the app store or google play, and search for 'metatrader 5'.

Install the app on your phone.

Once it is installed, you will need to log into an existing trading account with your account number and password. Don't have an account? Find out how to open one here..

In the metatrader 5 app, the available screens are the quote screen, the chart screen, the trade screen, the history screen, and the settings screen.

The quote screen shows the ask and bid prices, or buy and sell prices of your chosen instruments. To add a new instrument to the list, just click the plus icon at the top of the screen, and find the instrument in the list.

Selecting an instrument in the list will give you the options to trade, see the chart, as well as get more details.

The chart screen displays the chart for your chosen instrument. You can change the chart's time frame by clicking the time frame in the top left corner of the screen.

You can add objects and indicators to the chart using the options across the top of the screen.

And you can see the sell and buy prices by clicking the icon at the top right of the screen. You can click on the buy or sell panels to open a trade, and you can adjust the lot size using the dropdown list between these panels.

The trade screen lists any open trades, along with your account balance, equity and free margin.

You can open a trade from this screen by clicking the plus icon. This will open a new screen, where you can select your preferred instrument, select the lot size, and add a stop loss and take profit.

To open a trade, click 'sell by market' if you think the price of the instrument will go down, or 'buy by market' if you think the price will increase.

The history screen displays the trades you've made on your account, and your total earnings or losses. You can update time period for which trades are displayed by clicking the clock icon in the top right corner of the screen.

Finally, the settings screen is where you can sign into different accounts, along with checking announcements in your trading mailbox, market news, and connecting with the MQL5 community.

You can also see the full process for how to use this forex trading app in this video:

Which forex trading app is the best?

If you've already tried researching mobile trading apps, you might feel a bit overwhelmed by all of the options available. The good news is that we've done the research for you. In this article, we've compared some of the market's most popular trading apps, outlining the features and benefits of each, so you can decide what is the best fit for you.

The mobile platforms and apps we reviewed include:

Metatrader 4 and 5 mobile apps

Forex hours app

Investing.Com investment app

Netdania stock and forex trader app

Forex calendar, market & news app

Trade interceptor mobile trading app

Forex game trading practice app

Bloomberg mobile forex news app

Or, if you're already ready to get started, you can download metatrader 5 for FREE by clicking the banner below!

Mobile trading app review: metatrader 4

If you have started to look into forex trading, then it is highly likely that you will have come across or at least heard of metatrader 4 (MT4). The metatrader 4 platform is the world's most popular trading platform, which makes the app a popular choice for forex traders.

The metatrader 4 forex app provides all the necessary resources and tools required for analysing price, along with all the tools you need to make trades. For each financial instrument there are nine available timeframes that have the ability to provide dynamic quotes with an itemised analysis. There are more than 50 built-in indicators and diverse tools to analyse the market's activity, making it easier to define trends, to determine chart patterns and to identify entry and exit points.

MT4 includes all the essential functions needed for trading. Orders are accessible at all times, which guarantees flexibility and allows traders to carry out their activities unhindered by time restraints. Traders can exploit orders on the market and stop and start pending orders.

Metatrader 4 offers a number of ways for traders to place orders, including, placing an order directly from the chart. It is possible to precisely determine entry-exit points, and the embedded tick chart can also prove useful as well. With alerts on trade positions, you may track all favourable moments

This mobile forex trading app offers a range of impressive features. However, possibly one of the strongest elements of MT4 is its security. MT4 ensures the safety of all trade transactions through an encoded and encrypted system which can protect traders against even the most advanced hackers.

The MT4 forex app is a really simple and handy tool to work with, and it is arguably the best mobile forex trading platform because of the support and wide popularity among users. In order to assist you in the practical application of the terminal and its functions, MT4 offers full support and answers to any questions you may have.

Forex trading app review: metatrader 5

Professional traders are also able to trade-on-the-go with metatrader 5 (MT5), the latest and enhanced version of metatrader.

With all the existing features of metatrader 4, including available time frames, built-in indicators, real-time market data and flexible order types, metatrader 5 is the #1 multi-asset trading platform chosen by advanced traders and investors.

Traders can gain access to all kinds of trading instruments with MT5, including forex, cryptocurrency cfds, ETF cfds, bond cfds, commodity cfds, and more. In fact, with admiral markets, traders can access thousands of instruments all from the palm of their hands with this forex trading app.

The metatrader 5 mobile app supports netting and hedging, along with market depth, and professional technical analysis by way of analytical objects and the indicators set. Like metatrader 4, MT5 also has security encryption to help keep your portfolio safe.

Traders can choose from the following options for mobile trading:

MT5 for android - traders can gain access to the latest market data, news developments, charts, and all the essential trading functions they expect from the metatrader platform.

MT5 for ios - this app is accessible on all ios devices, enabling traders to trade wherever, whenever.

Forex market app review: forex hours

While the forex market is available for trading 24 hours a day, 5 days a week, that doesn't mean that all of those hours are optimal for trading. In fact, there are certain windows in the trading day when the most activity occurs, and this is when most active day traders will make their trades for the day.

Forex hours, by codingtrader, gives traders an immediate overview of the local time and status of the globe's largest forex markets. It shows exactly what time the market opens in each country and time zone, and gives traders insight into the times with the highest volume of forex trades. This can help you trade in peak times and take advantage of increased liquidity and volatility.

Available for both ios and android devices, forex hours is a complementary mobile trading app that can help you make the most of opportunities in the market.

Portfolio monitoring app review: investing.Com

The investing.Com trading app can really help you in your mobile forex trading activity. It's advantages are:

Real-time quotes for over 30,000 financial instruments traded on more than 100 exchange markets throughout the world

Economic calendar - global economic events available in real-time

Breaking news updates about market-moving events

The option to build a customised portfolio, to track your investments' health at a glance

Mobile trading app review: netdania stock and forex trader

This stock and forex trading app provides an overview of the financial market, including price quotes for popular cryptocurrencies in real time. The features offered by the netdania app include:

20,000 financial instruments, including more than 2,200 currency pairs

Real-time news

Customised trading alerts

Economic calendar

Six types of charts

And much more. All of these features combine to give forex traders a comprehensive understanding of the current market, and is available in 18 languages for both ios and android.

Forex calendar, market & news

We're going to look at one more app - forex calendar, market & news. This is the official app from one of the leading social FX communities with over 280,000 users - myfxbook.Com. The main features of this app include:

A full view of your FX portfolio, attached with watched accounts

A useful economic calendar widget

Fast user interface

Forex app review: forex calendar, market & news

This app offers a number of real-time features which can prove to be vital for any trader, such as, streaming rates for more than 60 forex currency pairs as well as commodities, FX charts with technical indicators and meticulous market analysis, forex news, price notifications, and a community outlook screen alongside custom notifications the app will also keep you up to date with FX markets with the following sections:

Portfolio: this section will show you your portfolio in myfxbook, containing a growth chart, the current status of your account and, of course, quick stats.

Economic calendar: be in synchronisation with the markets up to even a minute by using this live economic calendar, covering more than 30 various currencies with easily readable data. Every event is subjected to further explanation as well as historic levels.

Markets: users have the ability to view over 60 diverse currency pairs in real time, including changes in nine various time frames. If you want to be warned about a specific price, then you can set up an alert and get notified in real-time. This can be a good supplement to your core forex trading mobile platform.

Forex charts: enables the user to utilise technical analysis with high performance charts. Additionally bundled with five drawing types such as line, speed line, fibonacci retracement, fan and arc. It also contains the following nine indicators; SMA, RSI, ADI, EMA, bollinger bands, MACD, stochastic, ATR and envelopes.

Forex news: this section's task is to show users a streamed news feed of relevant items from the major news providers.

Community outlook: the outlook for different currency pairs can be observed in the myfxbook website. You can set up notifications for diverse levels and won't be restrained by any limits.

Forex trading app review: trade interceptor

Another app available for both iphone and android users, trade interceptor gives traders the ability to trade currency pairs, options, commodity futures and more. It also includes a range of advanced features, including:

More than 160 chart indicators

14 different types of advanced charts

Live, streaming price quotes and price charts

The option to perform simulated trading and backtest trading strategies using historical price data

Forex trading practice app review: forex game

The forex game is an application in mobile forex that can help you to get acquainted with the FX market. The app is essentially a forex simulation, as it allows you to play authentic trades and receive updates from the financial world without any real risk. The forex game is an app that imitates a forex mobile trading platform. It offers a fun and risk free way to experience FX trading online, and it can be of real benefit to beginners. The specific advantages of this app are:

Forex game is a free financial simulator of a forex mobile platform

No registration is required

It's easy to use

The data is updated every five seconds

It's fast paced - you don't have to spend hours reading instructions before you can use it

You can share your achievements with friends

Alternatively, traders can also opt to download a free forex demo trading account, which enables them to trade with virtual currency in a risk-free trading environment, with access to real market data and live prices. It's the best way to prepare trading strategies, to test them out, and to get a feel for trading before putting your capital at risk in the live markets. Click the banner below to open your FREE demo account today!

Forex news app review: bloomberg business mobile app

Bloomberg is a leading provider of market news and intelligence, which can give forex traders a much-needed edge in their trading. Available for both iphone and android, the bloomberg mobile app gives traders forex news on demand.

In addition to news, the bloomberg app offers traders access to global financial markets and business news, market price data, and tools to track their portfolio. You can also choose to receive alerts on your portfolio to help you make timely trading decisions.

Choosing the best forex trading app: closing thoughts

With so many options on the market, choosing the best forex trading app is no easy feat. All of the apps mentioned above have a wide range of useful functionality for forex traders, and what works for you might not be what works for another trader.

When it comes to our thoughts, we believe in trading with the best, and the metatrader platforms are the world's most popular trading platforms for a reason. The metatrader 4 and 5 apps are some of the most well-rounded mobile trading applications available, and they are also supported by a wide range of forex brokers - including admiral markets!

Ultimately, though, the forex market has irreversibly changed with the development of mobile devices, bringing traders the opportunity to trade as and when they choose, using different platforms and apps. Rather than resist these changes, it's more beneficial for traders to be able to adapt and utilise the developments of forex trading into their existing strategy. To start trading forex and cfds with metatrader, click the banner below to get started!

About admiral markets
admiral markets is a multi-award winning, globally regulated forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: metatrader 4 and metatrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

Download metatrader 4

The most popular forex trading platform

Download metatrader 4 for PC to receive the most powerful and convenient tool for technical analysis and trading in the markets. During the first launch, you will be prompted to open a free demo account allowing you to test all the features of the trading platform.

Features of metatrader 4

Powerful trading system with support for 3 execution modes and 8 order types

Unlimited number of charts and 50+ analytical tools

Algorithmic trading, expert advisors and MQL4 IDE

Metatrader market where you can buy indicators and trading robots

Trading signals allowing you to copy deals of other traders

News and alerts informing you of the important market events

Trade forex with the most popular and powerful trading platform.

Metatrader 4 iphone/ipad

Millions of traders have already chosen metatrader 4 ipad/iphone to work in the financial markets anytime and anywhere.

Access to forex from anywhere in the world 24 hours a day

Connection to 2 000+ broker servers

30 popular technical indicators and 24 analytical objects

Full-featured trading system: 2 execution modes and 4 order types

Real-time symbol quotes

Up to 10 open charts opened simultaneously

Financial news

Email and chat

Metatrader 4 can now be placed in your pocket allowing you to trade forex at any time!

Metatrader 4 android

There are numerous android powered smartphones and tablets, and any of them can be used to trade forex via metatrader 4

Round-the-clock access to the market

Connection to 2 000+ broker servers

30 technical indicators and 24 analytical objects

Full-featured trading system: 2 execution modes and 4 order types

Real-time symbol quotes

3 chart types and 9 timeframes (periods)

Download metatrader 4 android and manage your trading account wherever you are and whatever you do!

The 5 best forex trading apps 2021!

The best forex trading apps and the landscape of buying and selling assets have changed tremendously since it entered the online space. Until then, the traditional set up of trade required you to call your broker to enter positions on your behalf. The advancements in technology have since made it convenient beyond imagination to execute your trading choices just with a few clicks.

Today, the investment sector has taken one more step ahead with the launch of trading apps. The best trading apps allow you to gather information regarding your assets, track their movement, place your orders, and manage them – no matter where you are.

Regardless of which niche you are focused on, be it in stocks, indices, forex, commodities, or cryptocurrencies – you can find an app that serves all domains or has exclusive features for one specific financial instrument. The internet has a myriad of choices, suited for the personal and professional interests of traders of all levels.

Now, the critical question is which forex trading app is right for you? In this guide, we aim to find out!

Table of content

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Awarded best global MT4 forex broker 1

Use our secure and encrypted infrastructure

Spreads from 0.0 pips on raw accounts 2

Trade on the award-winning MT4 & MT5 platforms

Multi-jurisdictional regulation

No commission trading on standard accounts 2

What are trading apps?

With hundreds of thousands of dedicated mobile applications now available to download and install at the click of a button – it makes sense that this has since extended to the investment arena. Trading apps are exactly what the name suggests. They enable you to make investment choices and carry them out through a mobile device.

Nowadays, you will find virtually every trading tool and feature on a trading app that you would otherwise find at a desktop website. However, you also need to bear in mind that they are not designed to function as independent tools. On the contrary, there are some aspects that, as investors, you will need to access from a fully-comprehensive brokerage service.

Moreover, what activities you can perform with a trading app will depend on the app’s trading site, policies, and even their terms and conditions. For instance, let us say you are trading through an online brokerage platform. You also use their trading app for added convenience. This gives you the benefit of having access to trading options through the app. However, if you need to do an exhaustive technical analysis of an asset’s performance, you might be best to do this through the main desktop site.

Trading apps are particularly useful if you do not have access to a desktop at all times, as they are designed to help you navigate easily through the broker’s vast number of tradable assets. Even though you will be able to access the trading site through your smartphone, the smaller screen size might make it somewhat challenging to perform more elaborate research and analysis.

Trading apps are crucial

Across all financial instruments available for trading, forex is considered one of the most liquid markets in the world. Volatility, being one of the most interesting metrics that rule the investment markets, highly favours forex.

You can expect to see continuous movement in the market in every major currency pair on any given day. These assets are highly vulnerable to events, and other economic news – as traders are always searching for rapidly changing markets. As such, forex is highly preferred by those that want to actively buy and financial instruments.

Due to this high volatility, forex traders need to constantly lookout for changes in the market. They need access to charts, quotes, and above all, their trading accounts at the click of a button. Hence, finding the best forex trading app is of utmost importance.

Nearly all of the top forex trading platforms and brokers provide an exclusive trading app. Some also allow you to use the app without having an account on their trading platform. This will, however, only allow you to browse the trading arena and not actually place orders. This includes access to information and technical resources such as MT4.

How to use a forex trading app?

Using a trading app is not so different from using a trading site online. They include the same features and the same process of setting up your account. The only striking difference would be in the interface and how you navigate through the platform.

Here we have a step-by-step guide on how you can begin your forex investment career via a mobile trading app.

1. Find the best forex trading app

Every trading app might appear to have the same set of features. Yet, they are all unique, differing in value and efficiency. Your first step is to identify the best forex trading app that most suits your individual trading style.

In the later sections of this guide, we have provided an in-depth overview of how to pick the best forex trading app. We will further discuss in detail the factors such as regulation, commissions, fees, and overall performance.

At the very least, you need an app that is compatible with your mobile device. If you are switching between a tablet, a phone, and a computer, you need an app that can provide a seamless experience across all mediums.

2. Instal the trading app

Finding the best trading app is the toughest part of the process. The rest works as seamlessly as installing any other phone app. The majority of trading sites will have direct links redirecting you to their official apps. If not, you can also search for them through the android or ios app stores.

At this point, you should ensure that you are downloading the licensed and original version of apps. It is not uncommon to come across imitations or fake versions of such trading apps. Since you are essentially entrusting your capital into the hands of a brokerage firm, you need to ensure you are doing this through the authentic version of the app.

Once you download and install the app, the next step is to open your account.

3. Set up your trading account

If you already have an account with the corresponding trading site, then you will only have to log in with your credentials. If not, you might be required to first open an account with the broker site.

Apart from your email address and password, trading platforms also require you to provide personal information such as your full name, home address, date of birth, and phone number. Most importantly, you will also have to provide a tax identification number.

Depending on the trading site, users will also have to provide details regarding their employment status. Information that covers your annual salary range and your industry will also be required.

Crucially, broker sites also need to know about your prior experience in the investment industry. This also gives the provider an overview of your preferred assets, as well as the amount of leverage that you are suitable for.

4. Get your identity verified

The identity verification procedure depends on your country. For instance, in the UK, brokers have to follow the mandatory process called know your customer (KYC) to verify the identity and suitability of entering into a business relationship with a client.

The process is easy and efficient. All you are expected to do is to provide a government-issued ID that is valid in the said country and upload the document. As some trading apps also have to verify your address, you might need to provide additional documentation such as rent receipts, bills, or a bank statement.

5. Add funds to your account

In order to make the most of trading apps, you also need to have capital deposited in your trading account. You can do this only when your account is thoroughly verified by the trading platform (this often takes just minutes). Once it is, you can then add money with ease.

The best forex trading apps offer a variety of payment methods for users. This includes credit or debit card payments, e-wallets, or even a wire transfer.

6. Begin trading on the app

With a sufficient balance in your account, now all that is left for you is to start buying and selling currency pairs. Since trading apps provide access to more than one asset, you can find your preference by using the search function. For specific forex trades, you can enter currency pairs such as USD/EUR, and you will be redirected to the respective trading page.

If you are a beginner, it is always recommended to start trading in small denominations before moving on to larger trades. Once you are familiar with the app and experienced with forex trading, only then should you consider increasing your stakes.

How to find the best forex trading apps?

The answer to which is the best forex trading app will depend on your trading goals and experience. While beginners might find straightforward apps more appealing, the seasoned trader might be looking for sophistication that offers them enhanced market insight .

If you are struggling to find an app that meets your needs, here are some attributes you need to consider and compare. For those who do not have the liberty of time, we also discuss our preferred forex trading apps towards the end of this page.

1. Is the app compatible?

As we mentioned earlier, one of the main reasons why you are likely looking for a trading app is because of convenience. As such, unless it is compatible with the device you have at your disposal, you will need to stick with the website version of your chosen forex broker.

On the bright side, most established trading sites will develop apps that are compatible with both android and ios devices. However, if you’re using an alternative operating system – you might be out of luck.

2. Is the app regulated?

For any trader, the first metric that must be considered when picking a trading site is credibility. At the forefront of this are the licensing bodies that the broker is regulated by. For example, platforms in the UK have to be regulated by the FCA. In australia, it is ASIC, cysec in cyprus, bafin in germany, and so on.

If the trading app does not highlight their licensing bodies, this should be your first red flag. In other words, when you are trading with large amounts through these platforms, it is your responsibility to ensure that your money and interests are safeguarded. If you are unable to find this information on the trading app, the regulator’s register will be able to confirm this through a quick search. If not, it is best to avoid the platform and its respective app.

3. What payment policies in place?

Trading sites and apps have individual policies on the initial deposit amount and how you can make them. Today, unlike desktop sites, phone apps accept payments through google and apple pay – which is well worth considering.

Some users prefer this over credit cards or bank account deposits – as there is no requirement to enter sensitive financial information into the app. Optionally, some trading sites also offer support for e-wallets such as paypal or neteller. You also need to check whether the app charges you fees for making a deposit.

4. What assets can you trade?

Trading apps are available not only for forex but for every other financial instrument too. You will find that new-age trading apps typically address several asset classes as opposed to sticking exclusively to forex. You can look for each asset class and what services the trading platform offers before making your decision.

Additionally, you also have to look into the diversity of assets available in each financial instrument. For example, while some forex trading apps provide support only for major pairs only, others give you access to dozens of minors and exotics.

5. What fees do you have to pay?

Trading platforms make money from commissions and the spread and thus – a small segment of each buy and sell order goes to the respective platform. As such, i nvestors have to look for trading apps that offer tight spreads. This is the gap between the asking price and the selling price. The lower the spread is, the more of your profit you get to keep.

Some trading platforms offer no commissions but go a little higher on spreads. It is thus crucial to weigh in and compare the spread rates and whether or not they charge a commission. Apart from this, you will also have to pay overnight fees for each day that you keep the forex position open.

6. How user-friendly is the app?

For many users, the interface of the app plays a significant role in the decision-making process. Even though the best forex trading apps might come packed with advanced features and tools, if it is not user-friendly, it might be worth avoiding. Instead, you will be forced to waste time learning how the app functions – rather than spending your time improving your investment strategies.

Similarly, if the app only allows you to view current market prices – meaning you need to use the desktop website to place a trade, the app might not fit your criteria. Ultimately, if you are looking for an interface that works well with your phone screen and gives you a seamless transition from asset to asset – ensure the app is user-friendly!

7. How dependable is customer support?

If the trading site has a reliable client support team, you should expect the same level of service through the app. At the forefront of this is being able to speak with a support agent in real-time via a live chat facility. This avoids the need to call the broker up.

Why should you use an MT4 trading app?

Metatrader4 has evolved to become the sharpest tool in the box for the most seasoned of traders. Though it is applicable for trading across all financial instruments, it works extremely well with forex. MT4 is hugely popular since it allows users to employ their trading preferences with ease. The software also allows users to automate their trading based on the algorithms and autonomous robots. This way, the software will automatically open and close positions as per the set of parameters you set through MT4.

Additionally, you can analyze price fluctuations and interpret trading graphs. MT4 is a necessary tool that can help facilitate all remote investment strategies – so this something that is well worth considering.

Features of using the MT4 forex trading app includes:

Access to data from anywhere

Allows you to enter and exit trades instantly

Download history of currency pairs

Responsive design for phone screens

Includes all highlighted features of desktop versions

Manage your funds right from the phone app

Tools such as charts and graphs to understand the movement of currencies

Crucially, the MT4 app ensures that the process of trading and performing technical analysis is not hindered by smaller screen size.

Types of assets available on a trading app

Mobile trading apps can connect you to the same extensive network of financial instruments available through the respective brokerage sites. Although your preferred asset class might be forex, it is well worth exploring what other financial instruments you will have at your disposal.

Equities and shares

Individual equities are essentially shares that represent ownership in publicly held companies. Trades of these shares are facilitated through stock exchanges all over the world. You profit when there is an appreciation or depreciation in the value of these shares.

Equities are also therefore prone to the events and news that would impact the position of the underlying company. If you want to invest in international shares, you need to make sure the mobile trading platform give you access to the specific exchange.

Indices

If you do not have the required experience to speculate on individual equities, then the next best alternative is indices. These are stocks of different companies basketed as a group. Each group will have several companies mostly classified together based on their industry.

By trading indices, so you are essentially trading on the domestic stock market rather than on one company itself. However, note that a significant variance in the share of one sector could affect the rest of indices – especially if its tech.

Etfs

Exchange-traded funds are traded similar to stocks, but usually in a band of diverse assets. The value of etfs changes across the day, depending on the underlying assets it is tracking. As such, there are plenty of opportunities to go long or short throughout the trading day. Using a trading app for this purpose would be a notable choice as you can continuously monitor how the assets are performing.

Commodities

Commodities are classified into three sectors – energy, metal, and agricultural products. The prices of these will vary significantly throughout the day. The majority of trading apps give you access to dozens of commodity instruments. This might include gold, oil, gas, and wheat.

Cryptocurrencies

The popularity of cryptocurrencies in the global trading arena has surged in the last few years. Today, both developers and investors are keen to design apps that cater exclusively to the crypto trading industry.

Not every trading site has ventured into this domain yet. Traditional brokers often rely on cfds to execute trades on digital currencies. As such, if you do want to get into cryptocurrency trading, you will have access to leverage and short-selling facilities.

The best forex trading apps of 2021

Up to this point of our in-depth guide, we have covered in detail what to look for in a forex app. However, not everyone is able to invest enough time to find the right one.

After reviewing the aspects of tradable assets, fees, and features – we have rounded up a list of five well-rounded trading apps that will address all your investing needs.

1. Etoro – best trading app for beginners

Fully regulated by the FCA, ASIC and cysec - etoro is another platform highly suitable for forex traders. The platform charges you zero-commission on all of its assets. Etoro is especially friendly for trading amateurs - and it offers an easy registration process.

The platform gives you access to an extensive array of financial instruments, varying from forex, stocks, indices, cfds, and cryptocurrencies, including real-world ownership. The etoro mobile app is also packed with innovative features, giving you complete accessibility to all its resources.

One unique feature of etoro is the opportunity to follow the most successful investors. Using the copy trade feature, users can replicate the trading strategies of other etoro users and thus -benefit from their market insights. By setting allocating at least $200 into your chosen trader, etoro will execute similar orders on your behalf.

So, let's see, what we have: these are the top 4 most useful smartphone applications that assist forex traders in staying on top of the market and mobile trading. At trade forex app