Although it is more comfortable to trade forex on a desktop, most people prefer using their mobile phones to do that. This is because having a trade open on a mobile phone gives access to the market from anywhere in the world at any time.
We have done research on which brokers offer the best forex trading apps as of the year 2022 and have discovered that there is a large gap between them.
In our research, we accessed over 25 different forex trading apps for different brokers. Also, we approached over 50 different experienced traders and their feedback was used in our list of the best forex trading apps.
All the testing was conducted on good smart phones like the Samsung Galaxy, Apple phones, and Huawei.
The list of the brokers with the best forex trading apps is entirely different from the list of the best forex broker. To learn more about this, check out our post on The best forex brokers for beginners in 2022.
Table of Contents
Review of Top 7 Best Forex Trading Apps:
1.IG Trading App: MetaTrader mobile
When it comes to brokers with a good app and a good user interface, the IG trading app is among the best. The IG trading app, popularly known as IG Forex, has some outstanding features like trade alerts, advanced tools, and lots more. While choosing the best forex trading app for yourself, the IG trading app should be among your first to explore.
In addition to the above features, IG appears to be the best overall forex broker because of its outstanding all-around experience.
2. SaxoTraderGO Mobile app.
Saxo Bank’s SaxoTraderGO mobile app is also a Meta Trader mobile app with an exclusive design and a range of trading tools that allow traders to make the right decision while taking a position.
In addition to excellent customer service, Saxo Bank has over 40,000 tradeable products and is highly trusted globally.
3. CMC Markets Mobile App.
CMC Markets is a worldwide, trusted broker that provides traders with a great offering, including competitive pricing, approximately 10,000 tradeable instruments, and the Next Generation trading platform, which includes quality research, creative trading tools, and strong charting.
The Thinkorswim app is TD Ameritrade’s mobile app which comes with powerful trading tools and an intelligent layout. TD Ameritrade has many order types, over 70 tradeable currency pairs, and advanced tools.
5.City Index: City Index mobile.
City Index is a trusted brand that traders pick because of its advanced trading platforms, good mobile app, broad market research, education, and wide choice of markets. It is backed by GAIN Capital.
6. FOREX.com Mobile App.
FOREX.com’s mobile app has a very good user interface and design, which makes managing trades and taking positions very easy. It also provides an avenue for extensive market research.
FOREX.com mobile has a very high trust score and offers over 5500 tradeable symbols.
7. FXCM Trading Station app.
Traders that value strong trading tools and quality market research will find FXCM to be a winner, despite the limited number of tradeable markets and average pricing.
Which app is best for experienced forex traders?
According to research, IG offers the best experience for trading forex on a mobile phone as of the year 2022. In addition to being regulated globally, IG trading mobile gives users access to a variety of quality trading tools alongside multiple updates for researching trading opportunities.
What’s the best forex trading app for beginners?
Although IG is the best forex trading app due to its high quality tools and global regulation, the Plus500 app is the best for beginners. This is because the Plus500 app has a simple design. It provides some of the features needed to trade and view the market in an easy-to-navigate app.
How to compare the best forex trading apps?
When choosing your best forex trading app, there are many things to consider in order to make a good choice. Below is a list of the things to consider while looking for the best forex trading app.
- Trust: It is very important to choose a broker with a license in your country. By choosing a trusted broker, you will avoid the risk of the broker going bankrupt and losing your money. Any broker that holds multiple top-tier regulatory licenses and thus is regulated in the US, UK, Australia, Singapore, Canada, Hong Kong, Japan, or Switzerland, will have a higher Trust Score.
- Trading platforms: According to our analysis, most proprietary platforms outperform third-party tools like MetaTrader. Regardless of which option you choose, make sure to pick a trading platform that works across all devices, whether it’s a web, desktop, or mobile trading app.
- Trading tools: When we evaluate brokers’ research, trading tools, and training resources, we expect them to be feature-rich and simple to use. The more categories there are in the mobile app you use, the better off you’ll be in terms of maximizing trade chances.
- Tradeable markets: Take into account the total number of markets and instruments available to you to trade at a specific broker. One broker, for example, may provide a limited number of currency pairs but a large number of CFDs on other markets such as stocks, commodities, futures, cryptocurrency, and other asset classes. Alternatively, perhaps you wish to trade exotic currencies and need a broker with a wider range of currency pairs.
- Demo accounts: Opening a free demo account allows you to test-drive the trading app before purchasing it, similar to how you would test-drive a car before purchasing it. You can use the virtual account on any platform that supports it, including the web, desktop, and mobile. You can finance a live account if the platform satisfies your demands. Demo accounts are also used by some traders to test various trading methods before using them with real money.
Forex trading is a game of chance; it is either you win or you lose. We are not financial advisers and are not in any way accountable for any of your losses while trading. The information provided in this post is from our research and is not always perfect. Please do your own research.