| Updated: October 22, 2024There are plenty of Forex trading apps but not all offer the same trading experience. Based on several key criteria, the team at BestBrokers has compiled a list of 15 mobile apps offering premier Forex trading experience on devices running on Android and iOS.
Fusion Markets74-89% of retail CFD accounts lose money
FP Markets73.85% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
IC Markets70.64% of retail investor accounts lose money
BlackBull Markets
AvaTrade76% of retail investor accounts lose money
Global Prime74-89% of retail CFD accounts lose money
eToro51% of retail investor accounts lose money
City Index69% of retail investor accounts lose money
Saxo Bank65% of retail investor accounts lose money
IG70% of retail client accounts lose money
XTB80% of retail investor accounts lose money
Tickmill70% of retail investor accounts lose money
XM Group72.82% of retail investor accounts lose money
Charles SchwabBest Forex Trading Apps Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Fusion Markets | 1,662 | 4.9 ⭐ |
| 2. FP Markets | 6,706 | 4.8 ⭐ |
| 3. Pepperstone | 2,533 | 4.7 ⭐ |
| 4. IC Markets | 37,770 | 4.6 ⭐ |
| 5. BlackBull Markets | 458 | 4.6 ⭐ |
| 6. AvaTrade | 8,718 | 4.5 ⭐ |
| 7. Global Prime | 142 | 4.4 ⭐ |
| 8. eToro | 24,180 | 4.2 ⭐ |
| 9. City Index | 326 | 4.1 ⭐ |
| 10. Saxo Bank | 5596 | 3.7 ⭐ |
| 11. IG | 6,964 | 3.6 ⭐ |
| 12. XTB | 1,168 | 3.6 ⭐ |
| 13. Tickmill | 541 | 3.0 ⭐ |
| 14. XM Group | 723 | 2.2 ⭐ |
| 15. Charles Schwab | 410 | 1.5 ⭐ |
Top 15 Mobile Apps for Trading Forex on the Go
- 1. PepperstoneMin Deposit$0Number of FX pairs90+Commission$0 (Standard Account), $7 round-turn (Razor Account)RegulatorsUK FCA (No.684312), CySEC (No. 388/20), ASIC (No. 414530), BaFin (No.151148), DFSA, CMATrading PlatformsTradingView, MT5, MT4, cTraderFX Leverage1:30
Pepperstone’s mobile trading app performs flawlessly on mobile browsers and there is also a dedicated app for devices running on Android and iOS. Traders can use mobile versions of MT4 and MT5 or Pepperstone cTrader and expect premium mobile trading in multiple asset classes, including Forex. The Pepperstone cTrader app is a user-friendly platform equipped with advanced features such as charts, built-in indicators, and analysis tools. The copy trade service is also available for mobile traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 2. FP MarketsMin Deposit$50 (AU$100)Number of FX pairs70+Commission$0 Standard Account; $6 round turn on Pro AccountRegulatorsASIC, CySEC, FSA (Seychelles), FSCATrading PlatformsMetaTrader4, MetaTrader5, WebTrader, IRESSFX Leverage1:30
As a global leader in Forex and CFD trading, FP Markets enables its customers to trade on the go via its dedicated app for devices running on Android and iOS. Traders will be able to access a wide spectrum of asset classes. Catering to all traders’ preferences, FP Markets support multiple trading platforms, including MT4, MT5, cTrader, and WebTrader. The company offers two types of accounts, with the options being Standard and Raw Accounts, both featuring entry to more than 70 products and a maximum leverage of 1:30.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - Min Deposit$0Number of FX pairs90+Commission$0 Classic Account, $4.50 round turn on Zero AccountRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy TradeFX Leverage1:30
Fusion Markets cTrader app offers traders on-the-go a first-rate trading experience. They can benefit from multiple trading opportunities including Forex, Metals, Indices, and more. Mobile traders enjoy complete access to technical analysis tools, price alerts, and watchlists. The brand offers competitive pricing and no minimum requirements on the account size. In terms of financial regulators, Fusion Markets complies with the requirements of the ASIC and the VFSC.
Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice. - 4. XTBMin Deposit$0Number of FX pairs70+Commission$0RegulatorsFCA (License No. FRN 522157), CySEC (License No.169/12), FSC (FSC License No.: 000302/438), IFSC (License No.: 000302/46.), KNF (N/A), CNMV (N/A), BaFin (N/A), FSCA (N/A), FSA (N/A)Trading PlatformsxStation 5, xStation MobileFX Leverage1:30
XTB is yet another premier brand enabling traders to access the global financial markets from their mobile devices through its new xStation Mobile app. The broker facilitates trading in over 5,800 CFD markets, including Forex, stocks, indices, cryptocurrencies, and more. The simple and intuitive design enables both new and experienced traders to manage their investments promptly and easily. Mobile traders will gain access to a constant feed of key trading news enabling them to make smart investment decisions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 5. XM GroupMin Deposit$5Number of FX pairs50+Commission$0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero AccountRegulatorsFCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTCTrading PlatformsMetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ MultiterminalFX Leverage1:30
XM offers its customers the convenience and flexibility of trading on the go with its premier app for devices running on iOS and Android. Registering an account through the app is fast and easy. Traders can either make a deposit and start trading immediately or open a demo account and use it to perfect their trading skills. New customers can open both MT4 and MT5 accounts through the app. The range of tradable instruments on the XM app includes Forex, Stock CFDs, and Stock Indices CFDs, among others.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 6. eToroMin Deposit$50 or $100 based on country ($10 for the UK)Number of FX pairs55Commission$0RegulatorsFCA, CySEC, ASIC, MFSA, ADGM, FSA, FINRA/FinCENTrading PlatformseToro Investing, eToro App, TradingView, eToro CopyTraderFX Leverage1:30
Available both for Android and iOS-powered mobile devices, eToro’s app teems with features such as a virtual portfolio, Research Tab, one-click trading, stop loss and take profit, pro charts, and more. The brand has a special focus on social trading, empowering traders to benefit from “the wisdom of the crowd” as well as the popular Copy Trader feature, enabling them to replicate the trades of other customers in real-time. Smart Portfolios are among the other valuable functionalities available on the mobile app, offering ready-made investment strategies.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. - 7. AvaTradeMin Deposit$100Number of FX pairs53Commission$0RegulatorsFFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC(No.406684)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocialFX Leverage1:30
AvaTrade offers a seamless trading experience on the go thanks to its advanced app available for free on Google Play and Apple’s App Store. It has been voted Best Forex Trading App at the 2020 Global Forex Awards. The broker’s portfolio is composed of more than 1,000 instruments, including top Forex pairs. AvaTrade’s mobile platform is equipped with the unique AvaProtect™ risk management feature, empowering traders to protect a particular trade from losses of up to $1 million over a predetermined time interval.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 8. Global PrimeMin Deposit$0Number of FX pairs56Commission$0 Standard Accounts; $7 round turn on Raw AccountsRegulatorsASIC (No. 385620), VFSC (No. 40256)Trading PlatformsMT4 Desktop, MT4 Webtrader, MT4 AndroidFX Leverage1:500
Global Prime is a high-rated Forex and CFD broker, based in Sydney, Australia, and regulated by the ASIC and the VFSC. Among the brand’s multiple advantages are the multiple payment methods and the abundance of educational resources. Traders can explore the markets with Global Prime using the MT4 on their iOS and Android-powered devices. They are guaranteed low costs, global market exposure, and fast execution times.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017. - 9. IGMin Deposit$50Number of FX pairs80+Commission$0RegulatorsASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda)Trading PlatformsMT4, L2 Dealer, ProRealTime, IG proprietary softwareFX Leverage1:30
IG is a global leader in Forex trading, offering over 17,000 financial markets, along with advanced trading tools, competitive charges, and free educational resources. The industry has recognized the brand multiple times for the excellence of its services and the advanced technology it provides. IG offers a feature-rich Android app and a dedicated mobile platform for iOS, boasting a user-friendly layout abounding in features including charts and alerts.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. - 10. IC MarketsMin Deposit$200Number of FX pairs61Commission$0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MTRegulatorsFSA (Seychelles), CySEC, ASICTrading PlatformsMetaTrader4, MetaTrader5, cTrader, ZuluTradeFX Leverage1:30
IC Markets enables traders and investors to explore the global markets on the move, with spreads starting from 0.0 pips, leverage up to 1:30, and more than 2,250 tradable instruments. The range of products includes 60+ Forex CFDs, 20+ cryptocurrency CFDs, 2,100+ Stocks CFDs, and more. IC Markets supports MT4, MT5, and cTrader mobile apps for Android and iOS-based devices, with various features and functionalities available for mobile traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 11. Saxo BankMin Deposit$0 Classic$200,000 + Platinum $1,000,000 + VIPNumber of FX pairs185+Commission$3 per lotRegulatorsFCA (No. 551422), FSA Denmark (No. 1149), MAS (No. 200601141M), ASIC (No. 32110128286), SFC Hong Kong (No. 1395901), FSA Japan (No. 0104-01-082810)Trading PlatformsSaxoTraderGO, SaxoTraderPRO, TradingViewFX Leverage1:30
Saxo Bank has developed the SaxoTraderGO mobile app, enabling traders to capture all trading opportunities that global markets provide through the Apple App Store and Google Play. The app is also web-based and can be accessed from any browser. The platform is equipped with more than 70,000 instruments, high-end trading tools, real-time market data, and competitive costs. Saxo’s mobile trading app features also include 2-step authentication, price alerts, and confirmation after successful trades, among others.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. - 12. Charles SchwabMin Deposit$0Number of FX pairs70+Commission$0 base commissionRegulatorsSEC and CFTC, FCA, MAS, CIRO, SFCTrading PlatformsAmeritrade, ThinkorswimFX LeverageN/A
Charles Schwab is yet another premier trading company that has developed a dedicated mobile app available on the App Store and Google Play. The company has implemented several trading platforms to meet the requirements of different traders – Thinkorswim desktop, web, and mobile platforms, as well as Schwab desktop and mobile. The trading markets at the disposal of the company’s customers include Forex, Futures, and Stocks, among others. The Schwab mobile app supports features such as alerts, transaction history, and chat support.
- 13. TickmillMin Deposit$100Number of FX pairs62Commission$0 on Classic Account; $3 per side on Raw AccountRegulatorsCySEC (No. 278/15), FCA (733772), CONSOB (No.4310), BaFin (No.146511), ACPR (No.75473), CNVM (No.4082), FSA Seychelles (SD 008), FSCA (FSP 49464)Trading PlatformsMT4, MT5, WebTrader, ZuluTradeFX Leverage1:30
Tickmill’s Mobile App for devices powered by iOS and Android enables traders to unlock seamless account and fund management. The company is authorized and regulated by the CySEC, the FCA, BaFin, and several other prominent financial regulatory bodies. The trading instruments that the brand supports include Forex, Stock indices, Commodities, Cryptocurrencies, and Stocks. As for the trading accounts customers can pick from, the brand offers Classic, Raw, Professional, Islamic, and Demo accounts.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - 14. City IndexMin Deposit$0Number of FX pairs84Commission$0RegulatorsFCA (No. 446717), CySEC (No. 400/21), MAS, ASICTrading PlatformsMT4, WebTrader, Trading App, TradingViewFX Leverage1:30
The mobile trading app of City Index provides traders with unlimited access to all supported spread betting and CFD markets, along with all features and functionalities. Traders and investors can diversify their portfolios with more than 13,500 tradable symbols, including more than 80 Forex pairs. The mobile app offers a well-balanced mix of user-intuitiveness and advanced functionalities. The company complies with the regulatory requirements of multiple financial regulators including the ASIC, the FCA, and the CIRO, among others.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. - Min Deposit$0 (Standard)$2,000 (Prime)$20,000 (Institutional)Number of FX pairs70+Commission$0 Standard; $6 per lot Prime; $4 per lot InstitutionalRegulatorsSFSA (No. SD045), FMA (No. FSP403326), FSATrading PlatformsMT4, MT5, TradingView, cTrader, MT WebTrader, BlackBull Shares, BlackBull CopyTrader, BlackBull TradeFX Leverage1:500
BlackBull Markets has been widely recognized for the fast execution speed it provides. In addition, customers of the brand can benefit from spreads starting from 0.0 pips, leverage of up to 1:500 in particular markets, more than 26,000 tradable instruments, and no minimum account size requirements. Forex traders can choose between 70+ major, minor, and exotic currency pairs. When it comes to supported platforms, BlackBull Markets offers TradingView, MT4, MT5, cTrader, BlackBull CopyTrader, and BlackBull Invest.
Forex Trading Apps and Device Compatibility
In the continuously evolving world of Forex trading, having reliable access to your Forex trading broker of choice is of essential importance. The best Forex trading brokers optimize their platforms to run flawlessly on mobile devices powered by Android and iOS. So, regardless of the smartphone traders are using, they are guaranteed a seamless trading experience on the go.
What Makes a Good Forex Trading App?
When picking a mobile Forex trading app, users must consider several key features that will contribute to a seamless trading experience on the go. First and foremost, the user-friendly interface is important both for new and experienced traders. The platform’s stability is also not to be underestimated. Furthermore, it must be equipped with robust charting tools and have advanced technical analysis capabilities.
To mitigate the risk associated with trading Forex, traders must have risk management tools at their disposal. In addition, social trading and copy trading features are utilized by an ever-growing number of traders, so their availability is definitely a plus. Last but not least, most traders will greatly appreciate a team of professional and responsive customer support agents plus sufficient educational resources.
Funding Methods for Mobile Forex Traders
The process of depositing and withdrawing funds from your Forex trading account should be quick and easy, with sufficient payment processors to pick from. The most common payment methods for moving funds to and from trading accounts include bank cards, bank transfers, digital wallets, and cryptocurrencies.
Traders must check other important aspects of the available funding options such as accepted currencies, transaction times and fees, and minimum requirements for account size (if any). Some brokers do not specify minimum thresholds, leaving traders to decide on their own the amount of money they are willing to invest in the Forex market.
| Popular Funding Options for Mobile Forex Traders | |||||||
|---|---|---|---|---|---|---|---|
| Method | Country Availability | Supported Currencies | Mobile Apps | Account Registration | Deposit Timeframe | Withdrawal Timeframe | Deposit / Withdrawal Costs |
| Debit/Credit Card | Worldwide | All domestic currencies | Depends on card issuer | No | Instant | Within 24 hours | Free (card issuers may charge 1.5% – 3.5% processing fees) |
| Skrill | 117 | 48 | Android 7.0 and up: iOS 14.0 and up | Yes (free) | Instant | Within 24 hours | Free |
| PayPal | 196 | 25 | Android 6.0 and up; iOS 14.0 and up | Yes (free) | Instant | Within 24 hours | Free |
| Neteller | 100 | 42 | Android 7.0 and up; iOS 14.0 and up | Yes (free) | Instant | Within 24 hours | Free |
| Bank Transfer | Worldwide | All domestic currencies | Banks’ mobile banking apps | Requires a bank account | 1 to 3 business days | 1 to 5 business days | Varies based on bank and broker |
| Cryptocurrencies | Worldwide | BTC, BCH, USDT, LTC, ETH, XRP, XLM, and more | No (crypto wallet may be required) | Setting up a crypto wallet may be required | Up to 15 minutes | Instant | Blockchain fees may apply |
Range of Other Tradable Instruments
Mobile trading empowers investors and traders to access different trading platforms from their smartphones, giving them flexibility and constant control over their trades. Beyond Forex pairs, mobile traders can diversify their portfolios with other tradable instruments such as indices, commodities, stocks, bonds, cryptocurrencies, and futures.
They can access these markets no matter where they are as long as they have a reliable internet connection. If they lack experience in these markets, creating a demo account funded with virtual funds is recommended. Thus, mobile traders will be fully equipped with the knowledge and capability to pursue opportunities in multiple global markets.
Benefits of Trading Forex on Your Mobile Device
The benefits of trading Forex from a mobile device are multiple, providing traders with unmatched levels of ease of access, flexibility, and control. Given the nature of Forex trading, fast access to trading platforms, market news, and information is of essential importance for successful trades. This has made trading via mobile devices vastly popular with Forex traders, and, as a consequence, app-based trading is now supported by most Forex brokers.
Mobile trading apps usually replicate the layout and functionalities of the desktop platforms to ensure a hassle-free experience. Mobile traders have access to real-time market updates, advanced analytics, and charts, as well as educational resources. Whether you are a new or experienced trader, the advantages of mobile Forex trading are plentiful, facilitating entry into a more efficient and profitable experience.
Popular third-party mobile trading software
Third-party trading platforms connect to Forex brokers to facilitate Forex trading. The MetaTrader 4 platform is among the most common and popular trading platforms when it comes to Forex and CFDs, developed by MetaQuotes Software Corp in 2005. Many Forex brokers have implemented the platform, which is available for desktop and mobile.
The MetaTrader 5 is a feature-rich multi-asset platform that is the successor of the MT4 platform. It offers a broader range of tradable instruments that can meet the expectations of multi-asset traders looking to diversify their portfolios.
Developed by Spotware Systems, cTrader is favored for its customizable interface, advanced trading features, and high-quality charting tools. The platform also offers copy trading, empowering traders to replicate successful strategies.
Founded in 2011, TradingView is among the world’s leading platforms equipped with excellent charting tools and a vibrant community of active traders. At present, the platform is used by more than 60 million traders and investors around the globe.
| Side-by-Side Comparison of Third-Party Mobile Trading Software | ||||
|---|---|---|---|---|
| MetaTrader 4 | MetaTrader 5 | TradingView | cTrader | |
| Supported Markets | Forex | Forex, Stocks | Forex, stocks, indices, cryptocurrencies, futures | Forex, commodities, stocks, indices, ETFs |
| Programming Language | MQL4 | MQL5 | Pine Script | C# |
| FX Risk Management Tools | Hedging | Hedging, Netting | Take Profit, Stop Loss Orders | Stop Loss, Take Profit Orders, Hedging, Netting |
| Community Chat | Yes | Yes | Yes | No |
| Timeframes | 9 | 9 | 23 | 26 |
| Graphical Objects | 24 | 24 | 20 | 16 |
| Technical Indicators | 30 | 30 | 110+ | 65 |
| Order Types | Market Execution, Buy Limit, Sell Limit, Sell Stop, Buy Stop | Instant Execution, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, Sell Stop Limit | Market, Buy Limit, Sell Limit, Buy Stop, Sell Stop | Market, Limit, Stop, Stop-Limit |
| Chart Types | 3 (Japanese candlesticks, bars, broken line) | 3 (Japanese candlesticks, bars, broken line) | 20 (Renko, Kagi, bar, candles, line charts and more) | 5 (Renko, Heikin Ashi, range, tick, standard timeframes) |
| Economic Calendar | Yes | Yes | Yes | Yes |
| Depth of Market | N/A | Yes | Yes | Yes |
| Strategy Tester | Single-Thread | Multi-Thread | Unavailable on mobile | Yes, via cTrader Algo |
| Copy Trading | No | No | No | Yes |
| Push Notifications | Yes | Yes | Yes | Yes |
| System Requirements | Android 5.0, iOS 12.0 | Android 5.0, iOS 12.0 | Android 8.0, iOS 15.0 | Android 5.0, iOS 12.0 |
FAQs
Do mobile trading apps offer the complete set of tradable instruments and features available on the respective desktop platform?
Yes, Forex trading brokers design their mobile trading apps in a way that facilitates an easy transition from desktop to mobile, enabling their clients to trade, analyze markets, access news, set up alerts, and more.
Yes, Forex brokers enable their customers to fund their trading accounts on the go, with a suitable payment method.
While mobile trading has undeniably endowed traders with greater flexibility and control, there are certain limitations that they must be aware of. Most importantly, they will be constrained by the smaller screen size, making them toggle between tabs, windows, and apps. Other commonly encountered problems by mobile traders include loss of data connection, battery exhaustion, and app glitches.
The best mobile trading platforms offer robust security features such as two-factor authentication and biometric recognition.
Forex traders must inform themselves of several important aspects such as the account opening and closure process, the applicable fees, and whether the app has all the tools and features to facilitate seamless trading.