Our extensive research and unique testing methodology ensure that all broker reviews are accurate and fair, with hundreds of thousands of data points generated annually. Since 2012, we’ve tested over 180 brokers across global and Asian markets. Our team of professionals are frequently cited in global and regional media, shaping market conversations and trends. Once your account has been funded, you can begin trading forex via the app.

• TradeStation users can also create and backtest a trading system based on technical events.
• In other features, you can get daily commentaries from the firm’s market research team and make use of a series of free trading tools to make more informed decisions.
• Trading forex on your phone is easier than every now that you have the ability to download forex trading apps like the ones in this list.
• There are many Forex and crypto trading apps on iPhone and Android, designed for a variety of tasks.
• If you’re into equities, you’ll be chuffed to know they offer access to more than 2,500 ASX stocks, all with competitive spreads.
• Unfortunately, US traders are not eligible to open an account with FXTM.

MT4 is a top forex trading platform (as mentioned above), and cTrader has top depth of market features and the use of cAlgo for algorithmic trading. The other tools are platform add-ons you can integrate with MT4 and MT5. IC Markets’ no-commission spreads were ultra-competitive at 1.03 pips on average, with an average spread cost of USD $9.63. Ross’ testing only compared accounts that offered zero commissions using a combination of no dealing desk (NDD) and market maker brokers. We have regularly chosen Pepperstone as the best MT4 forex broker due to its fast limit order speeds, low spreads, and great range of software features.

HFM (formerly known as HotForex) – Best App for Forex Analysis

In summary, forex trading apps are a must if you are planning to buy and sell currencies on a regular basis. Even if you plan to use your desktop device throughout the trading week, it’s still imperative that you have access to an app. You will also be able to exit a losing position at the click of a button – as opposed to needing to wait until you get home. To help point you in the right direction, below we’ve listed the best forex trading apps of 2023.

To get the best trading experience, having the right software for forex trading is critical. We compared the best forex trading platforms and the forex brokers offering the software based on features, 2023 brokerage and execution speeds. Forex (Foreign Exchange) trading is the act of trading currency pairs against each other with the aim of making a profit.

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. TradingView has over 100 indicators combined with intelligent drawing tools that cover global stocks, currencies, and cryptocurrencies. Premium membership levels ($14.95–$79.95 per month, two months free with an annual subscription) offer access to additional data, powerful options analysis, and access to exclusive trading ideas. You’ll find 100+ technical indicators in the basic package, plus fundamentals, charting, trade journaling, and research tools. Market Gear’s charting capabilities allow you to analyze customizable indicators, view your trades, draw permanent trendlines, review past trades, and select from an array of time frames. LightScan searches the entire universe of stocks to display symbols sorted and filtered based on your preferences.

FXTM’s stocks list is average, with 300+ US and European stocks which are traded via CFDs. This means traders can speculate on the price movements of different stocks but cannot buy and own them through this broker. Pepperstone offers hundreds of shares covering US, UK, Australian and German stock markets. Traders can go long or short on big names like Tesla with deep liquidity and competitive commissions. Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them.

We found AvaTrade a standout choice for those interested in social trading, mainly with MT4 and MT5 platforms. Their collaboration with third-party services like ZuluTrade and DupliTrade, along with their proprietary AvaSocial platform, offers traders a robust selection of social trading options. This sets them apart, especially considering that eToro only offers its social trading platform. AvaTrade’s approach allows you to choose the platform that suits you best for copy trading.

What is a Forex trading app?

We also enjoyed how easy it was to execute orders, and all of Skilling’s educational materials and market news are available on the app. Fortunately, the vast bulk of forex trading apps that we have discussed on this page allows you to access the mobile apps forex brokers forex markets on a commission-free basis. The Standard Account is also popular with newbie investors and requires a minimum deposit of £/$ 100. Either way, all account types on the FXTM app allow you to trade forex without paying any commissions.

Crucially, the Trading 212 app stands out for because there is no minimum deposit policy. You can also choose from a variety of payment methods – including debit cards, credit cards, e-wallets, or traditional bank wire. In terms of pricing, this will depend on the Forex.com account that you open.

Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect. Yes, both MetaTrader 4 and MetaTrader 5 are available as trading apps for Android devices from the Google Play store. Apple removed the MetaTrader apps from its App Store in September 2022 following claims of misuse. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Your app or apps can make or break your game and the success you’re aiming for. 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.

Both automated technical analysis and manual trading strategies are available for purchase through the internet. However, it is important to note that there is no such thing as the “holy grail” of trading systems in terms of success. If the system was a fail-proof money maker, then the seller would not want to share it. This is evidenced in how big financial firms keep their “black box” trading programs under lock and key. 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. Technical analysis and statistical modeling of trading strategies is a key strength of the TradeStation platform. The brokerage grew out of technical analysis software development firm Omega Research, so technical analysis is in its DNA. Charles Schwab, which is in the process of acquiring TD Ameritrade, https://www.xcritical.in/ has announced that the thinkorswim trading platforms will continue to operate once the two companies merge. The acquisition closed in the fourth quarter of 2020, and the platform integrations were expected to take another 18–36 months. Other features include real-time news from FX Wire Pro, in-app deposits and withdrawals, and customizable trading history reports.

We’ll take a look at technical analysis tools built into brokers’ offerings and some standalone resources. However, where it really excels is through its focus on trying to educate forex traders to help reduce the chances of them losing money. It does this through its thinkorswim platform, which provides introductory materials from the National Futures Association, which regulates futures brokers. The information is presented in a clear and easy-to-read way, and it really does underline the risks that need to be considered. TD Ameritrade is one of America’s biggest and more established trading platforms for stocks and shares, as well as for forex, and offers a wide range of investment vehicles for trading.