Top 4 Apps For Forex Traders

Additionally, Interactive Brokers also offers a spot currency facility that is popular with professional traders. Available online or via the mobile app – you will be able to trade 23 currencies. This comes via an ECN-like pricing structure, as you will get the spreads available in the market. The mobile app comes packed with charting features and technical indicators – so is particularly useful if you want to perform research while on the move. There is also a demo account facility on the app – which allows you to trade risk-free.

forex trading app

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons. For example, traders looking for an easy-to-use trading app can opt Forex broker for the MetaTrader 4 App powered by Pepperstone, or Trade Interceptor powered by ThinkMarkets. Also, trading apps like MetaTrader 5 and cTrader are great for multi-asset trading and automated alerts. The size of the mobile screen does present some limitation in terms of screen estate and the lack of a keyboard and mouse can make things more fiddly when using.

Additional Mobile Trading Features

The web-based nature of these apps means that fraudsters and other criminals can easily exploit them if proper security protocols are not in place. For example, you might receive a notification when there is a sudden rise or fall in the market value of your chosen currency. A demo mode will allow you to practice trading with play money before trading with actual funds. While you can make more money dotbig broker using this method, it’s important to remember that the risk involved with this strategy is also significantly higher. Typically, these apps will allow you to perform all of the regular functions that you would do through your Forex broker’s website. If you want to diversify your portfolio with plenty of different trading instruments, then Admiral Markets might be the right solution for you.

  • The cTrader platform for Android has a professional interface and is the only platform that supports trading via STP.
  • The app is free to download but you will still need to pay for commissions on trades.
  • Alpari also offers a variety of account types, advantageous trading conditions, and quality customer service that makes this a good choice for all types of traders.
  • This allows you to trade forex on your phone without needing to risk any capital.
  • Often, the best move when trading is to do nothing – especially when you are on the move and without access to the tools and charts you have at your desk.

Take control of your trading with powerful trading platforms and resources designed to give you an edge. As an alternative, Plus500’s easy-to-navigate app provides the essentials for trading, and makes viewing available markets a breeze. That said, just because an app is easy to use doesn’t mean it is easy to make money. Leveraged trading in foreign Forex currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

What Alerts Are Available On The Fx Trading Apps?

Use the MetaTrader 5 web platform without downloading or installing any application. Optimize your strategy with dotbig testimonials a suite of over 20 apps to give you professional-grade control and flexibility over your trading strategy.

forex trading app

The best are available to download to your smartphone. Since real-time and up-to-date information is critical in trading, the forex trading app should provide it. This is due to the fact that the value of a currency will change in a matter of seconds, necessitating quick decisions. Though most of these forex trading applications are available for free on most platforms today, look for key features and capabilities when selecting a forex trading app. Even so, when approaching a modern and potentially risky industry, it’s advantageous to be as well-informed as possible. Over 500 million trades have been opened at eToro, and the number is growing by the day.

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