Forex Apps
There are a number of forex apps on the market that are designed to facilitate mobile trading or make a trader’s life easier by providing official market news and signals. This review explores the different options for forex trading apps available from brokers in the UK, the pros and cons of mobile trading and how to download the best forex apps in 2023.
Brokers with Forex Apps
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Trade 48 currency pairs with low spreads from 0.1 pips and leverage up to 1:30 (EU) and 1:500 (Global). Micro lot trading is also available and new currency traders can make near-instant deposits with no fees.
Forex app: With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.
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FXCC offers leading fees compared to alternatives with spreads as low as 0.0 pips and $0 commission. Over 70 currency pairs are also available, providing more opportunities than most competitors.
Forex app: iOS & Android
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Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. You can also trade currency indices, which aren't available at many alternatives. Forex lots start at 0.01.
Forex app: Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms 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.
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Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
Forex app: iOS, Android and Windows
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XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.
Forex app: XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.
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Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and low commissions. The VPS will also serve high-volume, active day traders.
Forex app: iOS & Android
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OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.
Forex app: OANDA Trade, MT4
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IG offers currency trading on its award-winning web platform and mobile app. Comprehensive charts and forex analysis tools are also available through ProRealTime.
Forex app: IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks.
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Trade 70+ currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. The range of forex assets outranks many rivals.
Forex app: FxPro offers forex trading on 70+ pairs via its mobile app. A range of technical indicators and order types are available and hedging is supported. Download the app for free from the iOS and Android app stores.
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Plus500 offers forex trading via CFDs with tight, floating spreads and an excellent suite of 60+ currency pairs. We got spreads of 0.6 pips on the EUR/USD during testing - lower than many alternatives.
Forex app: Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, 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.
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Markets.com offers major, minor and exotic currency pairs available to trade as contracts for difference (CFDs) or spread betting (UK customers only). Spreads are competitive starting from 0.6 pips on the EUR/USD.
Forex app: 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.
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NinjaTrader supports the trading of popular currencies including the EUR/USD. The trading software also offers unique features tailored to forex trading, including specific order and market windows.
Forex app: iOS & Android
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Axi offers a great selection of 70+ major, minor and exotic currency pairs. There are no restrictions on trading strategies and the broker boasts impressive spreads by connecting to 20 liquidity sources.
Forex app: iOS & Android
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Trade 170+ major, minor and exotic forex pairs with floating spreads and leverage up to 1:30. Forex futures are also available on some currency pairs. However the forex broker has a track record of amending margin requirements without appropriate notice.
Forex app: Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
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Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
Forex app: Android
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Focus Option offers 22 forex pairs tradeable via binary options, including a selection of majors and minors. FX pairs are also available to trade with margin on Focus Option's mobile app, which offers high leverage up to 1:50 and spreads from 1 pip.
Forex app: iOS & Android
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Global Prime traders can access 48 forex pairs including majors, minors and exotics with tight spreads from 0.9 with no commission or from 0 with a $7 round turn. Forex is traded via the leading MT4 platform, micro lots are available and latency is low via a New York-based server.
Forex app: iOS & Android
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Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
Forex app: iOS, Android & Windows
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Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees.
Forex app: 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.
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AvaTrade offers 50+ currency pairs with competitive spreads from 0.9 pips and zero commissions. You can trade majors, minors and exotics around the clock on industry-leading platforms, including MT4 and MT5. Traders can also access beginner-friendly trading tools and comprehensive forex education.
Forex app: AvaTrade provides 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. Rated 4.2* , it is one of the more popular trading apps. Download it today.
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Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.
Forex app: 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.
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Go long or short on 50 forex pairs including the EUR/USD and GBP/USD with zero commissions. There are plenty of opportunities to buy and sell currencies via margin or copy trading.
Forex app: iOS & Android
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An impressive selection of 52 currencies are tradeable on eToro's proprietary platform and app. Traders can also continuously hone their forex strategies by switching between demo mode and their live account any time.
Forex app: 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 key forex pairs from the palm of your hand.
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OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad.
Forex app: The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.
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Trade 70+ major, minor and exotic forex pair CFDs with up to 1:1000 leverage, no commission fees and competitive spreads from 0.8 pips. FX trades can also be executed via the reliable and fast MetaTrader 5 software.
Forex app: iOS & Android
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Errante traders can access 50+ forex pairs with leverage up to 1:500 (location dependant). The broker offers fast execution and tight spreads, especially to clients with VIP and Tailor-Made accounts.
Forex app: iOS & Android
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Kwakol Markets offers a wider range of forex pairs than most competitors, with 90+ assets available. Users get fast execution speeds through the ECN model and competitive spreads. On the negative side, not all currency pairs are available on MT4.
Forex app: iOS & Android
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Trade 70 major, minor and exotic forex pairs with ultra-low ECN spreads and fast execution via the MT4 or MT5 platforms. There are also zero SL/TP limits and automated forex trading is well catered for.
Forex app: iOS & Android
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Ingot Brokers offers forex trading on a modest suite of 30+ currency pairs with spreads starting from zero on raw spread account types. Currencies can be traded 24/5 though exotics are only available on MT5.
Forex app: iOS & Android
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Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading.
Forex app: iOS & Android
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Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees.
Forex app: iOS & Android
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Go long or short on over 50 currency pairs with spreads from 0.6 pips on EUR/USD. Traders can access market-leading forex tools in the MT4 platform, including customisable forex charts and algorithmic trading.
Forex app: iOS & Android
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Trade binary options on 25+ forex pairs including a range of majors and minors, as well as precious metals paired with USD. Payouts top 80% and users can analyze market movements on the hugely popular MT4 platform and app.
Forex app: iOS, Android + Huawei
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World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types.
Forex app: iOS, Android + Web Browser
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FinPros offers 80+ forex pairs, which is one of the more diverse offerings available. Traders benefit from ultra-low latency, MT5 support and very tight spreads and low commissions on the RAW+ account.
Forex app: iOS & Android
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Trade 45+ major, minor and exotic pairs with deep liquidity and low latency. The ultra-tight spreads from 0.01 pips on raw accounts, competitive $7 or lower round-turn commissions and high leverage up to 1:500 will suit scalpers, who can trade without limits.
Forex app: MT4 & MT5 iOS & Android
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IQCent traders can access CFDs or binary options on 40+ forex pairs, including majors, minors and exotics. CFD spreads start from 0.7 pips and binary options payouts are decent up to 95%. Trading takes place through the broker's proprietary platform with advanced analysis tools.
Forex app: iOS & Android
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Trade 50+ forex pairs including popular majors and minors with very high leverage available up to 1:1000. Gold, silver, palladium and platinum pairs with USD are also available.
Forex app: iOS & Android
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Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.
Forex app: iOS & Android
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Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with high leverage and a low starting deposit. Multilingual 24/5 support is also available to support forex traders.
Forex app: iOS & Android
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Trade 50+ forex pairs, including popular major, minor and exotic pairs. This is a decent selection, but traders will have a choice between the attractive MT4, MT5 or IRESS platforms and regulatory cover from ASIC. The VPS will also suit automated forex trading strategis.
Forex app: iOS & Android
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Trade 49 major, minor and exotic currency pairs with fixed spreads or ECN pricing with no dealing desk intervention and a low starting deposit. You can analyze the currency markets using the broker's in-house trading platform.
Forex app: iOS & Android
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Anzo Capital offers 45+ forex pairs including majors, minors and exotics with fast execution and spreads starting from zero. High leverage up to 1:1000 is available with a margin call at 80% and a stop out level at 50%.
Forex app: iOS & Android
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Rock Global clients can access 50+ currency pairs via CFDs with leverage up to 1:500, world class liquidity and fast execution on the MT4 or TWS platforms. The tight spreads from 0.9 with no commission are a particularly attractive feature.
Forex app: iOS & Android
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VT Markets offers 40+ forex pairs including majors, minors and exotics with lightning-fast execution, up to 1:500 leverage and spreads starting from 0 available to ECN account holders.
Forex app: VT Markets offers a bespoke app with 230+ assets including forex. Traders benefit from 24/5 customer support, a welcome deposit bonus, real-time market news, and hassle-free account management. The app is available to download to Android and Apple devices.
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Binary and OTC options can be purchased on over 40 foreign exchange pairs. Typical payouts are also decent at 81% and users can trade forex binary options in just a couple of clicks.
Forex app: iOS & Android
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Exinity offers 150+ forex pairs to trade on a very competitive ECN pricing model, with spreads from zero and low commissions of $4 per round turn. Traders can access the powerful MT4 and MT5 platforms and trade with no restrictions on popular day trading strategies.
Forex app: iOS & Android
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ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.
Forex app: iOS & Android
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PU Prime clients can trade 40+ forex pairs via the MT4 and MT5 platforms with dynamic leverage up to 1:500. Spreads start from near zero on Prime accounts, which also charge a $7 commission per lot, and a zero-commission Standard account with wider spreads is also available.
Forex app: iOS & Android
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With 100+ currency pairs including all majors plus many minors and exotics tradeable on the MT4 platform with 1:2000 leverage, SuperForex lives up to its name as a great choice for forex traders. The ForexCopy system is also useful for newer traders.
Forex app: iOS & Android
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AdroFX has a good forex offering of more than 60 pairs, which can be traded with up to 1:500 leverage via the MT4 platform or copy-traded with Allpips. The broker also offers very tight spreads starting from 0.4 pips and charges no commission.
Forex app: iOS & Android
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Start trading on dozens of currencies at RoboMarkets with powerful analysis tools and pattern recognition technology. 35+ currency pairs are available with tight spreads from 0 pips and rapid market execution. You can also utilise the broker's forex news alerts and economic calendar.
Forex app: iOS & Android
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Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided.
Forex app: iOS and Android
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Core Spreads offers trading on 34 forex pairs through spread betting and 40 currencies through CFDs, with both vehicles covering major and minor pairs. Spread betting spreads start from 0.6 for EUR/GBP; CFD spreads are variable and start from 1.2 pips on EUR/GBP.
Forex app: Yes (iOS & Android)
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Buy and sell over 50 currencies with zero pip spreads available via deep liquidity pools. M4Markets offers very low latency with execution speeds averaging 30ms. There are no restrictions on forex trading strategies.
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MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted.
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Trade Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'.
Forex app: iOS & Android
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As well as a competitive selection of 55+ forex pairs, traders can access high leverage up to 1:300. You can also enjoy advanced analysis from Trading Central with easy integration into MetaTrader 4.
Forex app: iOS & Android
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Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex day traders.
Forex app: iOS & Android
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4xCube offers 60+ currency pairs with competitive trading conditions. We like that all trading strategies are permitted including scalping and hedging.
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ActivTrades is a great broker for active forex traders with industry-low spreads from 0.5 pips and zero commissions. The forex broker also offers impressive execution quality and speeds, alongside award-winning customer service.
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BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500.
Forex app: iOS & Android
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LQDFX offers an extensive list of 70+ currency pairs, more than most alternatives. Spreads are ultra-low and high leverage is available on the market-leading MT4 platform.
Forex app: iOS & Android
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Trade over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment.
Forex app: iOS & Android, RStocksTrader
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Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies.
Forex app: iOS & Android
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SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels.
Forex app: iOS, Android + Web Trader
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Go long or short on over 50 forex pairs from majors to exotics, with spreads as low as 0.1 pips. Traders can analyze the currency markets with market-leading trading software and charts from MetaTrader 4.
Forex app: iOS & Android
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During my tests, I was able to access a very competitive range of 90+ forex pairs with ECN spreads from 0.0 pips and leverage up to 1:500. FX traders can also make use of the Trading Central signals or the broker's daily forex analysis.
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Trade on 45+ majors, minors, crosses and exotics, with competitive pricing, ultra-fast execution and no requotes. Newer traders can access zero-commission trading. Experienced forex traders can operate with no trading restrictions and benefit from an ECN account and a VPS service.
Forex app: iOS & Android
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FXTrading clients can access 70+ forex pairs with high leverage up to 1:500, fast execution averaging 80ms, excellent liquidity and spreads from zero. A good selection of minors and exotics are available as well as all the majors. New users can start trading forex in 4 easy steps.
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Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.
Forex app: MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
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With over 190 forex spot pairs, EZ Invest outperforms many rivals in terms of access to the currency markets. Users can also choose between desktop software, a webtrader plus a solid mobile app. On the negative side, spreads aren't the tightest on entry accounts.
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Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips.
Forex app: The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.
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FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
Forex app: iOS & Android
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IronFX offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. IronFX offers more currency assets than virtually all competitors.
Forex app: Android, iOS, WebTrader
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Trade 80+ major, minor and exotic forex pairs. This is a very competitive range of currency pairs with 50+ exotics to choose from, and traders will benefit from fast execution and support from extra features including a pip calculator. The MetaTrader 4 software was also designed for online forex trading.
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Libertex offers CFD trading on 50+ forex pairs, offering long and short opportunities. Its strength comes in its tight spreads – we were offered 0.2 pips for EUR/USD.
Forex app: Libertex offers an iOS and Android-compatible mobile app with advanced features and trading tools. Users can make deposits, execute positions and analyze the markets in a few swipes. Traders can also flick between live and demo mode with one tap.
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Trade up to 33 major and minor forex pairs. This is a small range of currency pairs compared to competitors, with no exotics, but traders do benefit from tight spreads, low or no commissions and low latency.
Forex app: iOS & Android
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HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account.
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FXOpen clients can trade 50+ forex pairs (28 on micro accounts) with leverage up to 1:30. Fees are competitive with spreads starting from zero with a small commission on ECN accounts, and slightly wider spreads and no commission on STP accounts.
Forex app: iOS & Android
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Trade 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies.
Forex app: iOS & Android
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With 300+ forex pairs, Hantec Markets has one of the widest selections on the market. Floating spreads start from 0.2 pips with ultra-fast market execution and access to the leading MT4 platform.
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With 60+ currency pairs available, Dukascopy offers enough majors, minors and exotics to keep most forex traders happy. The broker also offers high leverage up to 1:100 – a good amount to see from a reputable and regulated broker. Currency traders have access to excellent software, including MT4 and JForex.
Forex app: Dukascopy offers a free mobile app that can be used to trade the broker’s range of forex pairs. The application is also home to trading signals, price alerts and beginner-friendly charts and graphs. Close to 50 technical indicators, plus level two quotes are also available.
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Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes.
Forex app: iOS & Android
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With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders.
Forex app: SaxoTraderGo (iOS, Android, Windows)
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Trade on 60+ forex pairs with no commission and competitively tight spreads from 0.6 on major pairs such as EUR/USD. This is a good selection of forex pairs and excellent pricing for commission-free trading, well below the industry average.
Forex app: iOS, Android
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Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks.
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ThinkMarkets offers 46 forex pairs, including a decent variety of minors and exotics as well the majors. Forex traders also benefit from very tight spreads starting from 0.0 pips for the EUR/USD in the Zero account.
Forex app: iOS & Android
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CMC Markets offers a superb list of 330+ forex pairs with tight spreads and ultra-fast executions. The selection of currencies is significantly wider than rivals.
Forex app: CMC Markets deliver an award-winning app, compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators.
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FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips.
Forex app: FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, 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.
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Trade FX pairs with tight spreads & leverage.
Forex app: iOS & Android
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Trade 60+ forex pairs including majors, minors and a selection of exotics and crosspairs with fixed spreads from 1.8 pips or variable spreads from 0.8. FX traders also get advanced trading software in MetaTrader.
Forex app: iOS, Android and Windows
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Trade over 90 pairs and keep costs to a minimum, with tight spreads and industry-leading commissions. Currencies can be traded 24/5 with no dealing desk intervention.
Forex app: The MT4 platform is available on Android and iOS. The application offers advanced charting, automated trading plus an integrated news stream. Clients can manage all forex trading activity from the free mobile app.
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Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.
Forex app: iOS, Android
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Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
Forex app: iOS and Android
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Go long or short on a range of major and minor currency pairs with tight spreads. Powerful trading software is available with a choice of instant and pending orders.
Forex app: iOS and Android + browser based platform
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Trade 200 CFD forex pairs with DMA pricing and tight spreads, ultra low latency and high leverage up to 1:1000. The range of forex pairs available and pricing model are among the most attractive in the African market.
Forex app: iOS & Android
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Capital.com offer a long list of forex CFD pairs for trading. All have competitive spreads. The firm also ensures negative balance protection
Forex app: Capital.com offers the highly rated Investmate app. As well as leveraged forex trading with competitive spreads and fees, the application offers a comprehensive educational package for beginners. The FX investing app is free to download from the respective app store with a live Capital.com account.
What Is A Forex App?
The best traders consume information from multiple sources to inform trades and react quickly to the FX market. The must-have forex apps enable this by allowing traders to act on-the-go from their mobile device, providing a constant stream of news and signals so that the trader is kept up-to-date. Most of the top forex and Bitcoin brokers offer a mobile trading app like MT4 or MT5 in 2023.
Types Of Forex Apps
Mobile forex apps can generally be split into two categories: Active Trading and Supplementary.
Active Trading Forex Apps
Mobile Trading Platforms
Just as most forex traders needs a platform on their computer or laptop, most will also utilise the convenience of a mobile app too. Mobile trading platforms tend to have similar functionality to their desktop counterparts, but are available on-the-go, ensuring your live portfolio is always at your fingertips so you never miss a trade.
Many brokers also offer demo accounts on the mobile app too, which enable beginners to practice trades in their spare time while learning.
Social & Copy Trading Apps
Social and copy trading apps allow forex traders to view trades made by other investors that match their risk profile. These are perfect for traders who are interested in investing but don’t have the hours to complete the research required and are happy to trust in the knowledge of others. There are varying degrees of automation, but some forex apps enable the complete following and copying of another trader’s positions with minimal manual overlay.
Find out more about social trading.
Robot Forex Apps
Similarly, forex trading robot (or bot) apps use algorithms to search for, and execute trades. Beginners who are looking to dabble in forex trading may be interested in downloading these applications.
It’s important to look at the past performance of algorithms to check they have has a history of successful prediction. This is known as backtesting.
All good robot app providers should routinely stress test their bots to ensure they are performing as marketed – and this information should be available before you purchase. However, as all investors know, past performance is not an indication of future profits, so ensure you are comfortable with the risk.
Note, you can also use forex apps, such as MT4 and MT5 to build your own trading bot.
Supplementary Apps
News & Economic Calendar Apps
These forex apps provide a constant stream of up-to-date news which may impact the forex market. Keeping abreast of the latest goings on is essential as the market can be wildly impacted by political and social events. Some of the most popular forex apps are specialists in 24-hour news services and alert traders across time zones.
Forex Signals Apps
Signals apps provide tips and indicators to help you decide which FX trades to make. They are often marketed as professional forex traders who are selling their knowledge or even giving it away for free. There are apps out there that are specifically matched to certain trading strategies, for example, breakout signals apps.
However, always exercise caution when choosing a service. Signals apps aren’t necessarily reliable and could do more harm than good. Whilst there are some highly-rated and legitimate firms out there, such as Forex Signals by StartUp apps, companies like Forex Hunter and Forex Kings have been criticised for poor signals and customer service. Many reviews question whether the signals actually work.
Of course, there is no simple playbook to forex trading – even the top forex signals apps won’t be correct 100% of the time.
And The Rest!
There are hundreds of other forex apps out there with functionality to assist your trades, including position size and profit calculators, charts, reminders, heatmaps and log/journal apps. All can be downloaded from the respective app stores.
Pros Of Forex Apps
There are several reasons why utilising top forex apps can make your life easier:
- Agility – Forex trading apps enable you to make trades from anywhere, giving you the agility to act to FX rates at the right time.
- 24/7 market knowledge – The best forex analysis apps give you market data around the clock and help you to keep your finger on the pulse. Some can also give you price alerts when a currency reaches certain levels so that you never miss a trade.
- Supplements desktop trading – Being able to trade or strategise from anywhere is a useful supplement to desktop trading. It is also great for beginners.
- Demo trading – The top 3 forex trading apps also have demo accounts or simulators where you can practice at the touch of a button without risking capital.
- Forex games – You can try some of the forex games out there such as Forex Hero or Trading Game which teach you strategy whilst you play.
Cons Of Forex Apps
- Functionality – Your forex trading app is unlikely to have the full range of functionality that you’ll find on desktop platforms. If the functionality is there, it is sometimes unintuitive and therefore some traders find it easier to work on a desktop computer. Many traders find that forex apps are great for watching trades or managing stops, but won’t place trades on their mobile. You’ll soon find which mix of working styles works best for you.
- Impulsivity – Hardened forex traders will have heard the mantra ‘plan your trade, trade your plan’. But mobile forex apps can facilitate the opposite of this. Whilst quick reaction times can sometimes be beneficial, they may also increase the likelihood of impulsive trades, which could harm your strategy in the long run.
- Unsuitable for analysis – Some of the best forex indicators aren’t available on a mobile app, which can make it hard to plan your trade effectively. Plus, the small screen size means that you can’t see the detail which is available on a PC. For these reasons, many traders prefer to use multiple platforms rather than stick to just the one.
Best Forex Trading Apps
So, now we know why they’re useful, what are the top 5 forex trading, signal and market data apps out there?
Best For Forex Trading
MetaTrader 4
One of the leading forex apps, MetaTrader 4 is consistently seen as the best foreign exchange trading platform on the market and is certainly the most widely-used among brokers. The mobile app has all the functionality you need to analyse and place real and demo forex trades:
- 9 time frames
- Detailed trading history
- Real-time forex market quotes
- 30 of the most popular trading indicators
- 3 types of charts, including Japanese candlesticks
However, some of the biggest brokers, such as Forex.com, have their own apps and platforms and don’t use MT4, so you may want to consider in your review which broker you’d like to work with first.
NetDania Reviews
Another of the most popular and highly rated trading and forex apps, NetDania has over 20,000 financial instruments including FX, stocks, indices and cryptocurrencies. It is arguably the best from a mobile trading perspective with a superior selection of charts.
- 2,200+ currency pairs
- Real time stocks and indices
- Push notifications on news events
- Low latency interbank rates from top 10 liquidity providers
eToro
eToro is arguably one of the best social trading platforms and forex apps online. You can start small with just a $50 minimum deposit and learn how to forex trade from the community. Follow more experienced traders and copy their strategy until you feel ready to go it alone.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Best For News & Market Data
Bloomberg Business Mobile App
Bloomberg is used by traders across the world for the latest news on the forex markets. Whilst you may need to subscribe to Bloomberg services for some of the functionality, much of the information is available for free on their basic forex option app. Users can also review their market position, track their portfolio and even stream Bloomberg TV straight to their device.
Thinkorswim Mobile (TD Ameritrade)
Originally famous for banking, TD Ameritrade is one of the most well-known trading platforms and forex apps out there. Their thinkorswim service also provides a wealth of forex information to traders who are looking to limit their losses, with information from the National Futures Association (NFA).
The myTrade feature allows users to interact with the community of traders out there. Plus, the paperMoney simulator facilitates practice investing in a safe learning environment. TD Ameritrade is also commission-free, just like Robinhood, making it a great alternative if you’re looking for similar forex apps with more tools and charts.
How To Download Forex Apps
Before you start trading on your chosen mobile forex online app, you’ll need to download it from the app store. For iOS users, visit the Apple App Store on your phone and for Android users, go to Google Play. Windows phone users will have to stick to desktop versions for apps such as MetaTrader 4 and 5.
Type in the forex app of your choice and download. Once you’re on the app, you’ll need to log in to your trade account using the portal details provided by your broker, so make sure you’ve opened an account with them first. You can use a demo account to do this if you’re looking to practice.
Certain forex apps are also available on your Apple Watch, for example, news apps that will send push notifications to you at all times of the day. Many FX signals and backtesting apps are free to download for iPhone or Android, however some, such as the Bloomberg Business app, might require a subscription to access the higher-tier content.
Forex trading apps for your Mac or PC are usually available for download via your broker’s website.
For all the best supplementary forex apps, such as robots, signals, forex rates and calculators, these can be found by searching for downloads on your iOS or Android app store.
Should I Start Using Forex Trading Apps?
Mobile forex apps are an easy way to keep your finger on the pulse 24/7. But, most traders will prefer to use them in conjunction with desktop trading which is easier for in-depth analysis. At the very least, forex apps that offer you market data and news on-the-go can prove useful. With so many forex apps out there that promise similar functionality, consider what combination best adds to your trading experience.
FAQs
How Do You Download A Forex Trading App?
All forex trading apps can be accessed via the app store on your mobile phone. Most apps offer both iOS and Android downloads. Use our forex app list to find the best app for you.
Do Forex Signals Apps Work?
Forex signals apps can be incredibly useful as part of your trading strategy. However, it’s important to thoroughly research an app before you purchase. Have a look at various sources of customer reviews to check they are legitimate. No signals app will be correct 100% of the time, so check that you are comfortable with the risk before you invest – and distrust any app that promises too much.
Are Forex Apps Free?
There are many forex trading apps out there that are free to download, including MetaTrader 4 and 5. Many of the news and market data apps are also free, but you may have to pay for a subscription to access higher-tiered content.
Do I Need A Forex Trading Mobile App?
You don’t need a mobile trading app to trade forex, however, it could help you to stay on top of the latest news and your portfolio. Therefore, many traders find it important to be able to access this information on-the-go.
What Are The Best Forex Apps For Beginners?
Check our list of the best forex trading apps for beginners, where we collate those that are intuitive and easy-to-use. You may want to start with a social trading app, such as eToro, that will enable you to learn from the community. Read our tutorial on forex trading apps to learn how to get started and which app to pick.