Best Forex Trading Apps 2024

There are a number of forex trading 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 2024.

Best Forex Trading Apps

  1. XTB

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    Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.

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    4.7
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    4.3

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    Eightcap supports the MT4, MT5 and TradingView apps, catering to traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders.

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    4.8
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    4.4

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    FXCC elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an FXCC account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go.

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    4.8
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    4.4

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    Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for traders familiar with these leading third-party trading solutions. Despite the absence of a proprietary app, these platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes.

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    4.4
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    4.1

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    The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.

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    3.4
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    4.6

  6. XM

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    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 MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to trade from your hand.

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    4.7
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    3.9

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    4.7
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    3.7

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    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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    4.7
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    4.3

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    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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    4.1
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    4.3

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    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. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.

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    4.6
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    4

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    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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    3.2
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    4.5

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    3
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    3.2

  13. Axi

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    2.5
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    3.4

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    Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.

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    4.1
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    4.4

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    Focus Option is an offshore broker that specializes in binary options as well as CFDs. Binary options trading on forex, cryptos and three commodities is done through the broker's simple web-based platform with average payouts between 70% and 95%. The broker also offers a mobile app for trading CFDs, with 300+ tradeable instruments.

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    Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.

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    Vantage offers one of the most complete trading apps we’ve used. The crisp design and slick interface makes analyzing markets and placing trades straightforward. Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV.

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    3.6
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    3.9

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    IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView  platforms. They 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. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.

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    3.1
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    4.2

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    AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere.

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    4.3
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    4

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    Running alongside the MT4 and Web Trader platforms, the FOREX.com 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. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.

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    3.6
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    3.8

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    PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices.

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    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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    4.8
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    4

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    Our initial disappointment with DNA Markets’ lack of a proprietary mobile app was quickly overshadowed by the impressive functionality of the MT4 and MT5 mobile apps. These platforms deliver a seamless trading experience akin to their desktop counterparts, with smooth charting and customizable features optimized for mobile use. The addition of push notifications and plentiful daily news accessible directly from your phone ensures you’re kept in the loop with key market updates.

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    4.8
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    4.4

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    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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    2.2

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    CloseOption’s TradeRoom stands out as a fantastic option for beginners, with its streamlined design minimizing the learning curve. It’s super easy to place short-term trades from 5 seconds with basic charting tools at your disposal. Tutorials and frequent updates with video demonstrations also enhance the experience, while weekly contests are available to skilled traders on the go.

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    3.7
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    3.5

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    Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.

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    Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.

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    Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of trading assets are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.

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    Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.

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    Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.

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    GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.

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    Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa remains an attractive option, although the broker does not hold a reputable license.

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    LonghornFX is a forex and CFD broker offering over 150 instruments with leverage up to 1:500. The firm is registered in Saint Vincent and the Grenadines and was launched in 2020. Clients can access a strong selection of cryptos, alongside forex, indices, commodities and stocks. With ECN/STP processing, this offshore broker promises tight spreads and fast execution.

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    The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.

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    1.3
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    1.3

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    FinPros is an offshore broker that provides CFD trading on 400+ instruments with high leverage up to 1:500. This is a reliable bet for traders seeking offshore options, with strong security measures, negative balance protection and segregated client funds. The extra features including trading tools and commission-free stocks make this a good choice for beginners, and experienced traders will appreciate tight spreads.

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    Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services.

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    IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.

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    4.3
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    4.1

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    FXCentrum is an offshore broker that offers highly leveraged, commission-free trading on diverse instruments with tight spreads. Traders can access forex, equity and commodities markets via MetaTrader 5 or the proprietary FXC platform and use the award-winning ZuluTrade platform for copy trading.

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    Despite a couple of connection issues during testing, the RaceOption mobile trading solution overwhelmingly delivers. All the settings you need to amend binary parameters are available around the chart and it’s as simple as clicking the ‘Up’ and ‘Down’ buttons to confirm a trade. Clicking ‘My Trades’ in the bottom left of the mobile interface also makes monitoring multiple trades a hassle-free exercise.

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    4
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    3.8

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    Scope Markets offers trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.

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    TMGM is an ASIC-regulated forex and CFD broker with a vast range of tradeable assets covering forex, stock, index, crypto and commodity markets. The account types on offer provide a flexible choice between no commission or zero spreads, with competitive pricing all-round.

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    AZAforex is a multi-asset broker founded in 2016. The brand offers a sophisticated proprietary platform, ECN trading and 40+ deposit methods. The brokerage has 120,000+ registered customers with copy trading and a VPS.

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    Anzo Capital is an offshore broker that offers leveraged CFDs on 100+ instruments including forex, stocks, indices and metals. The MetaTrader 4 and MetaTrader 5 platforms are supported, and traders can choose between an STP account with spreads starting from 1.4 pips and zero commission, or an ECN account with a $4 round-turn commission and spreads from zero. A decent range of payment methods are accepted, including crypto deposits.

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    4.3
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    4.6

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    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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    4.6
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    4.3

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    Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.

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    4
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    4.2

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    Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.

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    ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.

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    Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.

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    Established in 2013, SuperForex is an offshore CFD and forex broker offering highly leveraged trades on 400+ instruments via the popular MetaTrader 4 platform. The broker has gained clients in over 150 countries and is regulated by the Belize IFSC. With a range of STP/ECN account types, including swap-free, micro and zero spread, this broker continues to suit traders with different styles and setups. SuperForex also offers a range of welcome bonuses and trading contests.

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    AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on trading strategies.

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    RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.

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    SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.

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    Core Spreads is an FCA-licensed broker offering CFD and spread betting opportunities on a proprietary platform or MetaTrader 4. Traders can access more than 1000 instruments, including company shares, commodities, indices and forex. Spread bets have fixed spreads that start from 0.4 with no commission, while CFDs start from 1 pip plus a $1.50 charge per lot.

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    M4Markets is an award-winning broker regulated by the CySEC, FSA and DFSA. Although relatively new, the broker continues to improve its offering with a range of innovative tools, platforms and accounts. Beginners can start with just $5, whilst experienced investors can access leverage up to 1:5000.

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    MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms.

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    Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader.

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    4.1

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    Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.

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    Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.

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    4xCube is an online forex and CFD broker registered and licensed in the Cook Islands. Clients can trade on popular financial markets and choose between three accounts based on their capital and trading strategy.

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    ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.

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    3.7
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    3.7

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    4.8
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    4.4

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    4.7
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    4.4

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    Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

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    SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.

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    4.8
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    4.4

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    FXDD is an established forex and CFD broker founded in 2002. Regulated in Malta, Mauritius, Peru and Malaysia, the broker provides secure trading platforms, competitive ECN spreads and reliable 24/7 customer support. Competitive pricing and ultra-low latency is also offered via the broker's Direct Market Access execution model and tier 1 aggregated liquidity.

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    FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

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    FXTrading.com is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC.

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    EZ Invest is a CySEC-licensed broker, launched in 2008, that offers trading on popular financial markets through leveraged CFDs. Traders can choose between multiple respected platforms, including MetaTrader software and a user-friendly in-house app. The reliable multilingual customer support team are also on-hand to support new users.

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    Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

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    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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    3.5
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    4.2

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    FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.

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    IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.

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    Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

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    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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    4.8
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    4.4

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    3
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    3.6

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    FXOpen is a multi-asset broker with regulation from several trustworthy bodies including the UK's FCA. The broker offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.

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    Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.

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    Hantec Markets is a UK-based multi-regulated broker offering CFDs on a range of forex pairs, stocks and indices as well as cryptocurrencies, commodities and bullion. With support for MetaTrader 4 and ZuluTrade, this broker provides good market access for traders of all experience levels, with competitive spreads from 0.2 pips.

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    Dukascopy continues to stand out in the mobile trading arena with an easy-to-use app that offers short-term trading on popular assets, including forex, stocks, and indices. It offers trading signals, price alerts, and over 50 technical indicators, outperforming most competitors’ charting tools. With 24/7 in-app support, it’s a top choice for new mobile traders.

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    GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.

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    Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

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    Spreadex delivers a first-rate mobile trading app on iOS and Android, featuring sophisticated charts with intervals from 1 tick to 1 month and 10+ years of historical data. Price alerts are also easy to set up using the bell icon next to each asset, ensuring you don’t miss opportunities. However, integration of features like the economic calendar and market updates could be improved, as they redirect you to an external browser, dampening the mobile trading experience.

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    The award-winning app from CMC Markets has transformed mobile trading. The app’s modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it’s an exceptional choice for traders.

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    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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    LegacyFX is a multi-asset broker offering an MT5 download & free signals.

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    Fusion Markets offers seamless integration with the cTrader, MT4 and MT5 apps, available on Android or iOS. Although we find the design of the MetaTrader app increasingly outdated, detracting from the user experience, it excels for its premium charting package, integrated news stream and push notifications. The cTrader app performed even better during tests, featuring a superior design and an extensive suite of over 70 indictors and 26 timeframes, making it the obvious choice for advanced traders.

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    BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience.

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    FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.

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    Vault Markets is an award-winning brokerage headquartered in Namibia. It is an accessible direct-market-access CFD broker with affordable minimum deposits, flexible funding methods and high leverage. This broker offers a very large range of forex pairs as well as commodities and indices through MetaTrader 4 or MetaTrader 5.

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    Capital.com offer CFDs on a range of markets with competitive spreads and zero commissions. The broker also offers the Investmate app, negative balance protection and leveraged trading.

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 2024.

MT4 Forex Trading

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

MT4 Mobile

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

NetDania Forex App

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.

eToro Forex Social Trading App

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.

Bloomberg News App

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.

TD Ameritrade Forex Trading App

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.