Visit Libertex Now. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. AvaTrade is a popular online trading platform that offers markets on stock CFDs, commodities, digital currencies, indices, and forex.

This provider actually supports a number of different forex trading apps. If you are a newbie, you might consider AvaTradeGO - which is the native app offered by AvaTrade. This offers a great user experience and will give you access to all of the same markets and functionality features as found on the main AvaTrade website. Alternatively, if you are an experienced trader, you might consider linking the MT4 or MT5 app to your AvaTrade account.

In doing so, you will have access to a lot more in the way of chart analysis tools, order types, and the ability to deploy a forex robot. Irrespective of whether you go for AvaTradeGO or a third-party app, AvaTrade gives you access to dozens of forex pairs.

You can trade with leverage and all fees are built into the spread - meaning AvaTrade is commission-free. When it comes to safety, AvaTrade is regulated in six jurisdictions. This includes licenses with the IIROC Canada , FSA UK , and Central Bank of Ireland.

As the name implies, Forex. com is an online trading platform that specializes in currencies. The platform also offers a popular forex trading app that is compatible with both Android and iOS devices. At Forex. This covers all major and minor pairs, plus a great selection of exotics. The mobile app comes packed with charting features and technical indicators - so Forex. com 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.

When it comes to trading fees, this will depend on the account type that you open. For example, there is a commission-free account that is suited to newbies and an STP Pro account that gets you zero spreads. In terms of payments, there is no minimum deposit if opting for a bank transfer.

We should also note that the Forex. com app allows you to trade other financial instruments - which includes gold, silver, shares, indices, and more.

Visit Forex. com Now There is no guarantee you will make money with this provider. TD Ameritrade is super popular in the traditional investment arena - as the brokerage firm offers thousands of stocks, index funds, mutual funds, ETFs, bonds, and more. However, TD Ameritrade is also known for offering one of the best forex trading apps in the market.

In what it calls 'thinkorswim', the mobile app comes packed with advanced charting tools. This includes customizable chart layouts, hundreds of technical indicators, and real-time data feeds. The thinkorswim app also allows you to set custom alerts and you will have access to daily market updates. In terms of supported markets, TD Ameritrade offers more than 70 currency pairs - all of which can be traded with leverage. This top-rated forex trading app is commission-free, so it's only the spread that you need to take into account.

Finally, TD Ameritrade requires you to fund your account with a bank transfer, albeit, there is no minimum account balance. CedarFX is a popular online trading platform with those seeking high levels of leverage. This is because the broker offers leverage of up to - even if you are a retail client.

This means that you can enter a position worth times your account balance - which is huge. Leverage of is also offered on precious metals, while indices, stocks, and cryptocurrencies come with slightly less. Either way, all markets - including forex, can be traded on the CedarFX app on a commission-free basis. When looking at the provider's spreads, we found this to be very competitive.

We also like the fact that CedarFX offers live chat 24 hours per day, 7 days per week. In terms of payments, CedarFX allows you to deposit and withdraw funds with Bitcoin. Visit CedarFX. FXCM is a regulated online broker that offers thousands of markets. This includes forex, stocks, commodities, indices, and more. In the currency department, this covers dozens of major, minor, and exotic pairs. You can trade at FXCM without paying any commissions, so all fees are built into the spread. We like FXCM in particular for its support for algo trading and forex EAs.

In fact, the platform has its own third-party store where you can buy automated strategies, expert advisors, indicators, trading scripts, and more. You can set these up via MT4 and then download the app to your phone. Once you connect the MT4 app to FXCM, you can then monitor your algo trading strategies in real-time directly on your mobile device.

In terms of safety, FXCM is licensed by the FCA and has been active in this industry for more than two decades. Your capital is at risk when trading forex with this provider. Interactive Brokers is a household name in the online investment and trading scene.

This brokerage site gives you access to tens of thousands of markets - covering everything from stocks and index funds to commodities and futures. 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.

When trading major FX pairs, this will often come free of any spreads at all. You will pay a very small commission to trade forex on the Interactive Brokers app - which averages 0. This top-rated forex trading app comes with real-time streaming quotes, technical indicators, and super-fast execution speeds.

ForexTime FXTM is a popular brokerage site that claims to be dedicated to forex education. The platform offers a full suite of learning tools that aim to make you a better currency trader. This is inclusive of in-depth guides and educational videos, as well as regular webinars and seminars.

FXTM also offers a free demo account facility - which you can access online or via the provider's mobile app. There are no commissions charged by the forex trading app provider - so it's only the spread that you need to factor in.

The spreads you pay will depend on your account type - albeit, this starts from just 1. FXTM also supports a wide range of CFD markets - including stocks, metals, and indices. If so, it's a good idea to perform a little bit more research before proceeding to open an account with a provider. To point you in the right direction, below we explain the steps needed to choose the best forex broker app for you.

The forex trading industry is heavily regulated in most countries around the world. This is to ensure that retail investor clients are protected from shady broker practices. All of the best forex trading apps discussed on this page are regulated by at least one reputable financial body.

For example, eToro is regulated by ASIC, CySEC, and the FCA, while AvaTrade is licensed in six different jurisdictions. This ensures that your capital is protected at all times and that you are trading in transparent and fair conditions.

All of the best forex trading app providers that we have reviewed today offer a huge suite of forex pairs. This typically includes all major and minor currency pairs, alongside a selection of exotics. The latter might include the likes of the Mexican peso, South African rand, and Turkish lira. Irrespective of which pairs you prefer to speculate on - make sure that your chosen currency trading app supports it.

Even the best forex trading app providers are in the business of making money - so you need to understand what fees you will be required to pay. At eToro, for example, you can trade forex without paying any commission. Libertex, on the other hand, charges a very small commission that starts from just 0. Some trading apps offer the bare-bone basics - meaning that you will be able to trade forex but do little else.

At the other end of the spectrum, providers like eToro, AvaTrade, and Libertex offer heaps of useful trading tools and features. For example, at eToro, you can trade forex via its Copy Trading tool.

Then, any positions that the trader enters will be reflected in your own eToro account at a proportionate amount. As you likely know, the best forex traders in this industry rely on technical analysis to make consistent gains.

With this in mind, the best forex trading apps will give you access to core analysis tools like technical indicators and real-time pricing quotes. Of course, performing technical analysis on your phone will be difficult. But, we found that the best forex trading app providers have optimized their application to ensure you can perform analysis on a smaller screen without being hindered. Leading on from the previous point, we should again stress the importance of choosing an app that offers a great user experience.

This is because you will be trading currencies with your own capital - so you want to ensure that you can do this in a seamless manner. We found that eToro is by far the best forex trading app when it comes to the end-to-end user experience, as its iOS and Android applications have been fully optimized.

For example, it's really easy to find your preferred forex pair, and placing orders via your phone is straightforward. If you want to deposit funds with a specific type of payment method, then make sure your chosen forex app accepts it. As we just mentioned - eToro supports a plethora of debit and credit cards, e-wallets, and bank transfers. The best forex trading apps provide a simple way to trade and invest in foreign currencies using your tablet or smartphone.

Forex trading also underpins international trade and investments. Through forex, these firms can exchange dollars for euros quickly and easily. As well as enabling trade between countries, forex trading is a lucrative investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies.

However, it does take a significant amount of experience and skills to make forex trading work. Essentially, these will search through the market for the best currency trading opportunities. Also take a look at the best free personal finance software and the best tax software.

Used by traders in more than countries and fully regulated, ForexTime's FXTM software is a reliable platform for foreign exchange trading. For example, flexible leverage lets you increase your earning potential, but this is only offered to you based on your knowledge and experience. If you do intend on becoming an expert in this area, you can access a range of educational resources.

All you have to do is sign up for an account, upload your verification documents, and transfer funds before trading. FXTM is also known for offering a wide range of trading instruments users can use to learn how to trade, start trading, and investing.

Their trading conditions are unparalleled, making them one of the best in the scene. Trading is fast with hi-tech tools and made ultimately secure, and investing is made easier and beginner-friendly. FXTM offers users a large number of strategies as guides, profit, and even full control of their investment. Read our full ForexTime FXTM review. If you're tempted to invest in the stock market and financial instruments, but don't have the confidence to do so yet, then Stock Trainer by A-Life Software could be the forex trading platform you need.

The app offers a virtual stock trading experience using real market data, so you can gain experience, knowledge, and insights into the whole trading experience. Better still is that the app is quite comprehensive in terms of features, covering 20 stock markets, and providing support for stop-loss and Limit orders. There's the ability to build a portfolio, and information is a provider on top gainers and losers, with chart information going back over ten years.

Investing news is also provided, along with a business magazine, to provide further guidance. There are also multiple graphical interface themes available to personalize the experience. Stock Trainer is an Android app that offers virtual stock trading that is based heavily on the current market. The app is available in the Android Google Play store for free, supported by ads, though a premium version is available to remove those ads. Beginners who are open to learning how to trade profitably can benefit greatly from Stock Trainer.

Similarly, experienced traders can use Stock Trainer in practicing new strategies to reduce the risks involved, if there are any, when these strategies are implemented in the market. Stock Trainer is feature-rich and offers many of the same tools as true trading platforms, which makes it different from many trading apps for beginners.. Its wide range of supported stock exchanges includes those from 13 countries, including the US and the UK.

This app continues to be developed and more features are still being added, but users can already download the app and start trading. The app is reported to not handle stock splits, and can only be installed on Android devices. However, it is found to be user-friendly, guiding the newcomer in getting a good enough grasp on how markets work.

With this app, users are able to learn from their mistakes and make good decisions, providing a great platform to get the stock market experience they need. Read our full Stock Trainer review.

Through the platform, you can quickly find and track the best currencies and stocks to put your money in. It offers 14 advanced chart types, as well as intelligence indicators and drawing tools. Like others, the app is powered by the cloud, letting you access analysis tools, trade data, and price alerts from any device.

It provides streaming quotes for all major forex trading, cryptocurrencies, indices, precious metals, and commodities. Plus you can access professionally curated news covering Asian, European, and American markets. There are a plethora of built-in trading tools too, including an economic calendar, data release alerts, a trading simulator, intelligence reports, and a risk scanner. These have been authorized and regulated by the FCA in the UK and ASIC in Australia, which helps to boost customer trust.

The app is free to download on Android and iOS. ThinkTrader offers convenient features that include multiple order closing at one-click so users can close all positions and all running positions with a single click; a single multi-device login so users can smoothly trade across all their devices; similar desktop, mobile, and tablet interface for ease of use; and powerful technical analysis tools to make finding new ways of analyzing the markets easier and faster.

Other features include real-time news from FX Wire Pro, in-app deposits and withdrawals, and customizable trading history reports. With all these features, users can easily stay up to date with the help of real-time news flashes, make deposits and submit withdrawal requests, and review their trading history at a glance.

Read our full ThinkTrader review. MetaTrader is one of the most popular trading platform apps for retail investors using Android devices and allows for the trading of stocks, forex, futures, options, and other financial instruments from your mobile device.

The app supplies a general analysis of the financial markets using a range of real-time charts which includes historical information, in order to monitor prices and quotes. Through this app, you can also easily switch between different financial instruments as well as both SL and TP values on charts, along with visualization of trading information.

Charts are also interactive, with pinch and zoom options. There are also a number of analytical instruments included such as Gann, Fibonacci, and Elliott tools, as well as up to date financial news.

MetaTrader does not only let you trade from your smartphone, but also from any browser running on any OS without any additional software. This refers to the development of trading robots and technical indicators that lets you develop, test, and apply Expert Advisors and technical indicators.

Foreign exchange trading, known as forex or FX, involves the trading of currencies. The forex markets are the most liquid in the world, making trading opportunities to profit from the changing value of currencies very attractive.

Forex markets trade 24 hours a day, from Sunday 5 p. eastern time to Friday 4 p. eastern time. Given the nature of the forex markets' active global marketplace, liquidity, and volatility, fast access to market news and information as well as trading platforms is critical for forex trading.

This has made smartphone trading apps extremely popular with forex traders. Active currency traders need and want market news, quotes, charts, and their trading accounts at their fingertips at all times. The major currency pairs traded in the forex market are active, often volatile, event-driven, and, therefore, very vulnerable to business, political, and economic news that's announced throughout the regular hour trading day.

Nearly all forex brokers offer mobile applications. Some of the individual broker apps are so popular that traders who don't have accounts with the broker still use them. Other popular forex trading apps offer free and easy access to news, price quotes, and charting. Look for apps that give you the functionality that you need to trade forex effectively.

In such fast-paced markets, you may want the edge offered by real-time market updates, advanced analytics and charts, educational tools, and the latest in global market, financial, and business news. The amount that is traded on the forex market every day. NetDania Stock and Forex Trader is one the highest-rated and most popular apps used by forex traders because of its ease of use and versatility. The app provides up-to-the-minute forex interbank rates and access to real-time price quotes on stocks and commodities , such as gold and silver—more than 20, financial instruments in all.

In addition, the app offers live, streaming charts and the latest market news from FxWirePro and Market News International. It also allows traders to set price or trendline alerts on specific currency pairs, stocks, or commodities.

Traders can customize the menu to suit their personal preference for news and price quotes. The app is available for iPhone and Android smartphones. Trade Interceptor is another popular trading app available for iPhone and Android users. The app provides traders with a host of options, including the ability to trade currency pairs, binary options , and commodity futures through a choice of forex brokers.

Trade Interceptor's interface offers analysis and technical trading tools, including nearly technical chart indicators. It also provides access to live, streaming price quotes and price charts, including the latest Bitcoin prices. Traders can set alerts for price levels or news releases.

They can access the daily economic news calendar and real-time market news. There is also a feature that allows traders to do simulated trading and backtest trading strategies using historical price data. With Trade Interceptor, you can simulate trades and backtest trading strategies using historical data. Bloomberg offers a number of mobile applications for iPhone and Android, but access to some of these requires that users have current subscriptions to Bloomberg services.

However, even its basic business mobile app is more than sufficient for traders whose primary interest is real-time access to the latest market news.

The app offers access to global financial markets and business news, market price data, and portfolio tracking tools. Its menu is customizable. The Watchlist feature lets traders track and analyze their current positions in currencies, commodities, stocks, mutual funds, and exchange-traded funds ETFs with charts and information summaries. Users can also watch Bloomberg TV live through a streaming video feed. One of the most popular trading apps provided by a broker is TD Ameritrade's thinkorswim Mobile.

It's a full-service trading platform that lets TD Ameritrade clients trade currencies, options, futures , and stocks with an easy-to-use interface. Users can access live, streaming charts that they can load with common technical indicators.

Traders can even load chart study tools that they created themselves. For up-to-the-minute business and financial market news, users can access live, streaming CNBC broadcasts. Active traders can use the thinkorswim Mobile app to monitor their positions, orders and accounts. They can make account deposits and modify trading orders or alerts. The myTrade community feature lets users connect and communicate with fellow traders. Additionally, investors can test out their trading strategies with the paperMoney trading simulator feature.

Forex trading offers opportunities to profit handsomely though it's not without its risks. To make the most of these opportunities, you must understand how forex markets function and what drives them.

You should understand how forex trading works. Serious forex traders may want to get to know the mobile forex trading apps available for smartphones. Yes, you can. These days, you can trade forex with a mobile forex trading app and a smartphone.

These apps do more than allow you to trade while you're on the move. They can help you keep real-time tabs on the markets, global financial and business news, and technical analysis of current and potential investments. TD Ameritrade.

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Table of Contents Expand. Table of Contents. What to Look for in a Forex App. NetDania Stock and Forex Trader. Trade Interceptor. thinkorswim Mobile. Forex App FAQs. Key Takeaways Forex markets are among the largest and most liquid markets in the world. The daily volatility of forex markets presents attractive opportunities to capture profits. Trading forex has never been easier for individuals, who can now trade on the go in real time using fully-functional mobile apps.

App-based trading is now offered by most forex brokers even if you don't have an account set up with their main platform. Look for functionality that gives you an edge with real-time market updates, advanced analytics and charts, educational tools, and the latest in global market and business news. Trade Faster NetDania Stock and Forex Trader delivers real-time forex interbank rates. Trade Smarter With Trade Interceptor, you can simulate trades and backtest trading strategies using historical data.

Watchlist Use Bloomberg's mobile app Watchlist to monitor and analyze current positions. Stream Vital Data thinkorswim Mobile lets you connect with fellow traders through its myTrade community feature. Can You Get Rich by Forex Trading? Can I Trade Forex with My Phone? Which Forex Trading Platform Is Best for Beginners? The IG Trading platform app is rated highly for use by beginning forex traders.

Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. Advertiser Disclosure ×. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles. Brokers Best Investment Apps. Brokers Robinhood vs. Brokers NinjaTrader Review.

Brokers TradeStation vs. Interactive Brokers. Partner Links. Related Terms. Currency Trading Platform A currency or forex trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution.

Trading Demo Account A trading demo account is a tool that allows an investor to test a trading platform before funding the account or placing trades. What Is a Trading Platform?

Active currency traders need and want market news, quotes, charts, and their trading accounts at their fingertips at all times. Next, apply for a new account, fund, login, and fill out the order ticket to place your trade. Spread refers to the amount of commission your forex broker takes from you, and should be minimized as much as possible. IG offers an impressive suite of proprietary mobile apps, led by its flagship IG Trading app also known as IG Forex , which boasts a well-designed layout teeming with features such as alerts, sentiment readings, and highly advanced charts. Trade Smarter With Trade Interceptor, you can simulate trades and backtest trading strategies using historical data.

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