Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.

Forex trading apps


This is especially useful when, in today’s interconnected world, the foreign exchange market plays an important role in daily business.

My list of forex bonuses


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.

It’s a global, decentralized environment where financial institutions and businesses can trade currencies. What are the best forex trading apps to trade from your smartphone?


Best forex trading app of 2021: trade and invest on your android or iphone


What are the best forex trading apps to trade from your smartphone?


Best forex trading app


The best forex trading apps have become increasingly accessible through the use of apps for mobile devices, such as smartphones and tablets.


This is especially useful when, in today’s interconnected world, the foreign exchange market plays an important role in daily business. It’s a global, decentralized environment where financial institutions and businesses can trade currencies.


According to research from the bank for international settlements, forex trading generates an estimated $5.3 trillion daily - making it larger than other financial markets. Often, it’s dominated by large international banks and corporations, which work around the clock to trade and convert international currencies.


Forex trading also underpins international trade and investments. For instance, if american companies want to import goods from a country in europe, they’ll most likely need to complete transactions in euros. 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.


That’s where forex trading platforms comes into the picture, automating this common business practice. Essentially, these will search through the market for the best currency trading opportunities. And in this article, we’ve picked out the best forex trading platforms around.



10 best forex trading apps reviewed and compared [sponsored]


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Due to hectic lifestyles in an ever-evolving world, traders are often not able to remain seated in front of their desktop terminals for prolonged periods and through this, the popularity of mobile trading through applications has increased drastically.


With mobile trading apps, traders can remain connected to their trading account and actively trade at anytime from anywhere in the world with the benefit of receiving notifications of open and favourable positions while on the go.


Here then are the best forex mobile trading apps:


1. Metatrader 5


Compatible with ios and android devices


Overall rating: 4.5/5 (google play) and 4.7/5 (app store)


The MT5 mobile app has some comprehensive features which include, but is not limited to:



  • Real-time quotes

  • All types of trade orders

  • Full set of trade execution modes

  • Detailed trading history

  • Free financial news

  • Technical analysis

  • Access to a variety technical indicators and analytical objects

  • User-friendly interface and highly customisable charts.

  • The MT5 application allows traders direct connection to the servers of their broker to
    receive stock prices, currency exchange rates and the possibility of analysing financial
    markets by using charts and technical indicators.



2. Open ticktrader


Compatible only with android devices


Overall rating: 3.4/5 (google play)


Foden ticktrader provides traders with real-time market data which includes pricing and charts not only for existing fxopen traders, but new traders who register an account as well.


By using the mobile application, traders are able to receive the latest economic and financial news and currency rates through the app or by setting push notifications to alert the trader as they occur.


Features of this app include:



  • Forex, cryptocurrency demo or live account access

  • Live quotes that have depth of market

  • Main operations with market as well as pending orders

  • Trading history logs

  • Advanced tools that can be used for comprehensive technical analysis

  • Forex market news, fxopen broker news.



3. Avatradego


Compatible with ios and android devices


Overall rating: 3.5/5 (google play) and 3.4/5 (app store)


Provides a comprehensive, smooth trading experience in addition to featuring the following:



  • Intuitive management tools

  • Clear charts

  • “zoom” function for viewing details, and

  • Many more helpful



The avatradego application makes trading so much simpler as it provides a step-by-step guide on opening trades, it provides feedback on the trader’s activity in addition to providing support at any time that the trader needs it.


From the mobile app, the trader can manage their metatrader 4 and 5 accounts along with switching between demo accounts and real accounts.


4. Fxpro


Compatible with ios and android


Overall rating: 4.6/5 (google play) and 5/5 (app store)


This trading app allows traders to manage multiple trading accounts with ease in addition to opening new accounts, verifying them, viewing trading history on all accounts, making a deposit, transferring funds and the withdrawal thereof.


Features of this mobile trading app include:



  • Fast sign up

  • Open and manage metatrader 4, metatrader 5 and ctrader accounts

  • Quick and easy deposit, transfer, and withdrawal

  • Interactive economic calendar

  • Secure fxpro wallet

  • Smart push-notifications

  • Secure login using a user generated passcode and fingerprint recognition.



5. Netdania


Compatible with ios and android


Overall rating: 4.5/5 (google play) and 4.7/5 (app store)


Netdania is a forex and CFD trading app that provides access to over 2000 financial instruments, more than 10,000 real time stocks and indices in addition to the following features:



  • A variety of currency pairs

  • Charts

  • Demo and live trading

  • Build algorithms and set alerts

  • Real-time news

  • An economic calendar

  • Real-time streaming tick by tick quotes

  • Interbank forex rates, and more.



The netdania mobile application works in conjunction with selected brokers and is a platform through which traders can connect to their broker along with the account, whether live or demo, that they have registered with a broker.


6. Forex time FXTM


Compatible with ios and android devices


Overall rating: 3.7/5 (google play) and 5/5 (app store)


One of the key features to this mobile trading app is that it supports automated forex trading and the platform is designed to cater for both beginner and professional traders.


When trading through use of the mobile app, traders are provided with flexible leverage and both fixed and variable spreads. Another advantage is that withdrawal requests are processed as soon as a trade has been completed.


In addition, this mobile trading app has the following features:



  • Passcode and fingerprint security

  • Quick and hassle-free deposit and withdraw options

  • Conversion rates calculator

  • Trading signals

  • Pivot points strategy

  • Market forecast

  • News and market analysis

  • Educational tools such as webinars, seminars, and e-books

  • Access to a trading journal

  • Superb support through instant chat, and more.



7. TD ameritrade


Compatible with ios and android devices


Overall rating: 3.4/5 (google play) and 4.5/5 (app store)


One very noteworthy feature of using this mobile app is that login security along with security in trading is advanced by being able to register the trader’s fingerprint to log into the app and using it again when executing trades.


Upon opening the app, the trader will have access to their account overview, and it can easily be switched by pressing the menu options in the top right corner. With the TD ameritrade app, traders have access to the following features:



  • Watchlist

  • Positions

  • Orders

  • Balances

  • Alerts

  • Chat rooms

  • Trader TV

  • Messages, and

  • Economic calendar



This mobile trading platform is easy to use and navigate, trades are easy to execute and close and traders have the option to trade a variety of financial instruments.


8. Plus500


Compatible with ios and android devices


Overall rating: 4/5 (google play) and 4.1/5 (app store)


Traders using the plus 500 mobile app have access to a wide range of financial instruments in which they can trade at a competitive cost with low spreads and zero commissions charged on trades.


The mobile app makes opening and closing positions easy and the execution speed is above average when compared to that of other brokers.


Traders have various options when it comes to charting along with an array of technical indicators that can be added to charts along with a variety of time frames in which charts can be viewed.


9. Naga trader


Compatible with ios and android


Overall rating: 3.3/5 (google play) and 4.3/5 (app store)


The naga trader app is a very minimalistic and amazingly simple app to use. It allows traders to trade most asset classes and it provides ample opportunity for both social trading and robo-advisor capabilities.


This caters specifically for traders who want to elevate their trading by making use of automatic trading strategies.


Traders can trade stocks, cfds, etfs, cryptocurrency, indices, and commodities with an array of forex pairs. The average spread on the EUR/USD currency pair is 1.9 pips and traders have access to leverage up to 1:30.


10. Trading 212


Compatible with ios and android devices


Overall rating: 4.5/5 (google play) and 4.7/5 (app store)


Signing up for an account using the mobile app is a quick and straight forward procedure. The app features a user-friendly and minimalistic interface that has quick options to switch between the live quotes of several financial instruments.


The mobile app allows traders to set up price alerts, access the forum and reports and in addition has training videos which can be accessed from the menu.


Open positions can easily be monitored by selecting the graph tab at the bottom of the screen and the app also features robo-trading and a built in economic calendar.


Final thoughts


There is a great variety of forex trading applications available and it comes down to which one will better cater for the needs of the trader. Each trading app has distinctive features and provides traders with access to a variety of offerings.


When choosing a mobile app through which to trade forex, it is imperative that traders narrow down the list, download the app, open a demo account, and test out the features hands-on in a risk free trading environment.


Supplied


This article is sponsored by SA shares, a portal for JSE-listed shares.


Featured image: thedigitalway via pixabay



Forex apps


There are a number of forex apps on the market that are designed to facilitate mobile trading or make a trader’s life easier by providing official market news and signals. This review explores the different options for forex trading apps available from brokers in the UK, the pros and cons of mobile trading and how to download the best forex apps in 2021.


Brokers with forex apps


What is A forex app?


The best traders consume information from multiple sources to inform trades and react quickly to the FX market. The must-have forex apps enable this by allowing traders to act on-the-go from their mobile device, providing a constant stream of news and signals so that the trader is kept up-to-date. Most of the top forex and bitcoin brokers offer a mobile trading app like MT4 or MT5 in 2021.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Types of forex apps


Mobile forex apps can generally be split into two categories: active trading and supplementary.


Active trading forex apps


Mobile trading platforms


Just as most forex traders needs a platform on their computer or laptop, most will also utilise the convenience of a mobile app too. Mobile trading platforms tend to have similar functionality to their desktop counterparts, but are available on-the-go, ensuring your live portfolio is always at your fingertips so you never miss a trade.


Many brokers also offer demo accounts on the mobile app too, which enable beginners to practice trades in their spare time while learning.


Social & copy trading apps


Social and copy trading apps allow forex traders to view trades made by other investors that match their risk profile. These are perfect for traders who are interested in investing but don’t have the hours to complete the research required and are happy to trust in the knowledge of others. There are varying degrees of automation, but some forex apps enable the complete following and copying of another trader’s positions with minimal manual overlay.


Robot forex apps


Similarly, forex trading robot (or bot) apps use algorithms to search for, and execute trades. Beginners who are looking to dabble in forex trading may be interested in downloading these applications.


It’s important to look at the past performance of algorithms to check they have has a history of successful prediction. This is known as backtesting. All good robot app providers should routinely stress test their bots to ensure they are performing as marketed – and this information should be available before you purchase. However, as all investors know, past performance is not an indication of future profits, so ensure you are comfortable with the risk.


Note, you can also use forex apps, such as MT4 and MT5 to build your own trading bot.


Supplementary apps


News & economic calendar apps


These forex apps provide a constant stream of up-to-date news which may impact the forex market. Keeping abreast of the latest goings on is essential as the market can be wildly impacted by political and social events. Some of the most popular forex apps are specialists in 24-hour news services and alert traders across time zones.


Forex signals apps


Signals apps provide tips and indicators to help you decide which FX trades to make. They are often marketed as professional forex traders who are selling their knowledge or even giving it away for free. There are apps out there that are specifically matched to certain trading strategies, for example, breakout signals apps.


However, always exercise caution when choosing a service. Signals apps aren’t necessarily reliable and could do more harm than good. Whilst there are some highly-rated and legitimate firms out there, such as forex signals by startup apps, companies like forex hunter and forex kings have been criticised for poor signals and customer service. Many reviews question whether the signals actually work.


Of course, there is no simple playbook to forex trading – even the top forex signals apps won’t be correct 100% of the time.


And the rest!


There are hundreds of other forex apps out there with functionality to assist your trades, including position size and profit calculators, charts, reminders, heatmaps and log/journal apps. All can be downloaded from the respective app stores.


Pros of forex apps


There are several reasons why utilising top forex apps can make your life easier:



  • Agility – forex trading apps enable you to make trades from anywhere, giving you the agility to act to FX rates at the right time.

  • 24/7 market knowledge – the best forex analysis apps give you market data around the clock and help you to keep your finger on the pulse. Some can also give you price alerts when a currency reaches certain levels so that you never miss a trade.

  • Supplements desktop trading – being able to trade or strategise from anywhere is a useful supplement to desktop trading. It is also great for beginners.

  • Demo trading – the top 3 forex trading apps also have demo accounts or simulators where you can practice at the touch of a button without risking capital.

  • Forex games – you can try some of the forex games out there such as forex hero or trading game which teach you strategy whilst you play.



Cons of forex apps



  • Functionality – your forex trading app is unlikely to have the full range of functionality that you’ll find on desktop platforms. If the functionality is there, it is sometimes unintuitive and therefore some traders find it easier to work on a desktop computer. Many traders find that forex apps are great for watching trades or managing stops, but won’t place trades on their mobile. You’ll soon find which mix of working styles works best for you.

  • Impulsivity – hardened forex traders will have heard the mantra ‘plan your trade, trade your plan’. But mobile forex apps can facilitate the opposite of this. Whilst quick reaction times can sometimes be beneficial, they may also increase the likelihood of impulsive trades, which could harm your strategy in the long run.

  • Unsuitable for analysis – some of the best forex indicators aren’t available on a mobile app, which can make it hard to plan your trade effectively. Plus, the small screen size means that you can’t see the detail which is available on a PC. For these reasons, many traders prefer to use multiple platforms rather than stick to just the one.


Best forex trading apps


So, now we know why they’re useful, what are the top 5 forex trading, signal and market data apps out there?


Best for forex trading


Metatrader 4


One of the leading forex apps, metatrader 4 is consistently seen as the best foreign exchange trading platform on the market and is certainly the most widely-used among brokers. The mobile app has all the functionality you need to analyse and place real and demo forex trades:



  • 9 time frames

  • Detailed trading history

  • Real-time forex market quotes

  • 30 of the most popular trading indicators

  • 3 types of charts, including japanese candlesticks



Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


However, some of the biggest brokers, such as forex.Com, have their own apps and platforms and don’t use MT4, so you may want to consider in your review which broker you’d like to work with first.


Netdania reviews


Another of the most popular and highly rated trading and forex apps, netdania has over 20,000 financial instruments including FX, stocks, indices and cryptocurrencies. It is arguably the best from a mobile trading perspective with a superior selection of charts.



  • 2,200+ currency pairs

  • Real time stocks and indices

  • Push notifications on news events

  • Low latency interbank rates from top 10 liquidity providers



Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Etoro


Etoro is arguably one of the best social trading platforms and forex apps online. You can start small with just a $50 minimum deposit and learn how to forex trade from the community. Follow more experienced traders and copy their strategy until you feel ready to go it alone.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Etoro forex social trading app


Best for news & market data


Bloomberg business mobile app


Bloomberg is used by traders across the world for the latest news on the forex markets. Whilst you may need to subscribe to bloomberg services for some of the functionality, much of the information is available for free on their basic forex option app. Users can also review their market position, track their portfolio and even stream bloomberg TV straight to their device.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Thinkorswim mobile (TD ameritrade)


Originally famous for banking, TD ameritrade is one of the most well-known trading platforms and forex apps out there. Their thinkorswim service also provides a wealth of forex information to traders who are looking to limit their losses, with information from the national futures association (NFA).


The mytrade feature allows users to interact with the community of traders out there. Plus, the papermoney simulator facilitates practice investing in a safe learning environment. TD ameritrade is also commission-free, just like robinhood, making it a great alternative if you’re looking for similar forex apps with more tools and charts.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


TD ameritrade forex trading app


How to download forex apps


Before you start trading on your chosen mobile forex online app, you’ll need to download it from the app store. For ios users, visit the apple app store on your phone and for android users, go to google play. Windows phone users will have to stick to desktop versions for apps such as metatrader 4 and 5.


Type in the forex app of your choice and download. Once you’re on the app, you’ll need to log in to your trade account using the portal details provided by your broker, so make sure you’ve opened an account with them first. You can use a demo account to do this if you’re looking to practice.


Certain forex apps are also available on your apple watch, for example, news apps that will send push notifications to you at all times of the day. Many FX signals and backtesting apps are free to download for iphone or android, however some, such as the bloomberg business app, might require a subscription to access the higher-tier content.


Forex trading apps for your mac or PC are usually available for download via your broker’s website.


For all the best supplementary forex apps, such as robots, signals, forex rates and calculators, these can be found by searching for downloads on your ios or android app store.


Should I start using forex trading apps?


Mobile forex apps are an easy way to keep your finger on the pulse 24/7. But, most traders will prefer to use them in conjunction with desktop trading which is easier for in-depth analysis. At the very least, forex apps that offer you market data and news on-the-go can prove useful. With so many forex apps out there that promise similar functionality, consider what combination best adds to your trading experience.


How do you download A forex trading app?


All forex trading apps can be accessed via the app store on your mobile phone. Most apps offer both ios and android downloads.


Do forex signals apps work?


Forex signals apps can be incredibly useful as part of your trading strategy. However, it’s important to thoroughly research an app before you purchase. Have a look at various sources of customer reviews to check they are legitimate. No signals app will be correct 100% of the time, so check that you are comfortable with the risk before you invest – and distrust any app that promises too much.


Are forex apps free?


There are many forex trading apps out there that are free to download, including metatrader 4 and 5. Many of the news and market data apps are also free, but you may have to pay for a subscription to access higher-tiered content.


Do I need A forex trading mobile app?


You don’t need a mobile trading app to trade forex, however, it could help you to stay on top of the latest news and your portfolio. Therefore, many traders find it important to be able to access this information on-the-go.


What are the best forex apps for beginners?


The best forex trading apps for beginners are those that are intuitive and easy-to-use. You may want to start with a social trading app, such as etoro, that will enable you to learn from the community. Alternatively, start with forex trading games such as the trading game or forex hero to practice without risking capital.



Top forex trading apps


The availability of financial apps has proliferated over the past few years, making it easier than ever to get real-time updates on foreign exchange (FX, or forex) markets and trade right from the palm of your hand.


You can download apps specializing in the FX markets to your smartphone or other mobile device via apple's itunes (AAPL) or through the google play store (GOOG).


Top forex apps


Tradeinterceptor forex trading is a mobile platform giving users access to trade forex, commodities, and binary options, choosing from among the app's recommended brokers. The user interface is intuitive and full of in-depth analysis of currency movements. Streaming quotes and charts allow for technical analysis and trading directly from the charts.


FXCM trading station mobile offers users powerful trading tools and easy access to the forex markets. Users can place and manage forex trades through the app, which grants access to over 56 currency pairs. A free in-app demo is offered to new users who would like to try the platform risk-free before they decide to sign up and fund accounts for real FX trading.


Netdania forex & stocks offers real-time quotes and live charts for over 20,000 financial instruments as well as streaming news from market news international and fxwirepro. The app features low-latency, interbank FX rates from the top six liquidity providers with over 2000 currency pairs. Netdania forex provides a valuable market overview for anyone interested in the FX markets.


XE currency is a leading currency-conversion app that offers live currency rates and charts. The app stores the latest updated rates so that it can work even without an internet connection. Currency conversion rates are offered for every world currency as well as precious metals, and rates can be analyzed using the app's market history charts. Users can set up to 10 favorite currencies to monitor. Upgrade to the pro version to monitor up to 20 currencies and get rid of in-app advertisements.


Cointrader is an app that allows users to get quotes and trade cryptocurrencies such as bitcoin, litecoin, dogecoin, and literally hundreds more altcoins. Trades can be made between cryptocurrencies or between cryptocurrencies and national currencies. The app uses the cryptsy online exchange and users can check their wallet balances and order history, and track charts and prices.


Babypips is the mobile app for the babypips.Com forex forum, the number one forex education resource on the internet. The app provides an easy-to-understand guide for teaching beginners how to trade the forex markets, starting with the basic 'kindergarten'-level training all the way up to 'college,' where users can learn about advanced charting techniques and triangular arbitrage.


Forex hours is a simple app that tells investors when certain forex centers around the globe are open for business. Traders can use this information to place trades when liquidity is best, and to see which currencies are most likely to be active at what times.


FX trader magazine is a leading quarterly publication for currency traders. The mobile app gives you free access to the current edition as well as all archives. Readers have the option of subscribing to the banner-free version of the app, which also allows them to read magazine issues offline. FX trader magazine provides in depth economic reports, fundamental and technical analysis, trading strategies, education, interviews with successful traders and market experts, trading psychology studies, and reviews of various forex trading tools and resources.


The bottom line


Never before has it been easier to access the foreign exchange markets at any time and any place from the palm of your hand. Whether you need to make a trade, want to check how your world currency rates changed, or find out the latest market news or macroeconomic releases, the right information can be found by using the appropriate app.


There are myriad financial apps available for your smartphone or mobile device, both free and paid. Some of the best apps for the forex markets are included in this list, however there are many other excellent apps out there.



Best forex trading apps in south africa 2021


See our comparison of 8 crucial factors including fees, regulations, ease of use, features of the popular forex trading apps for traders in south africa.


In order to trade forex, you would need access to a trading platform or app using which you can enter and monitor your trades. This trading platform usually also allows you to make informed analysis before entering into trades by viewing charts, news and other data.


Most forex brokers offer their trading platforms in mobile for both android & ios.


7 best forex trading apps in south africa for beginners in 2021


Before you start trading currency, you should be aware that large fluctuations can take place in the price of a currency in a very short period of time. Also, the forex market is open 24 hours during weekdays, so you need to be constantly alert to monitor your trades & make informed decisions.


This is where the mobile app by a broker can help.


A good forex trading app will be easy to use, and allow you to have multiple time frames, charting tools, and fast execution. To make this list, we have comprehensively reviewed mobile apps by several brokers that are available in south africa.


Best forex trading apps for PC, android & ios


Below we have compared the regulations, fees, features, trading conditions of each trading app in our list:


1. Hotforex metatrader – best forex trading app



Overall rating 9.4/10



  • Trading fees: app is free to download. Spread per trade from 1.2 pips for EUR/USD benchmark with premium account.

  • Minimum deposit: $5

  • Regulation: FSCA (FSP no.46632)

  • Max. Leverage: 1:1000 (with micro account)

  • Bonus offer: 100% deposit bonus for new accounts ($250+ deposit required)


Ranked #1 forex trading app in south africa


Hotforex’s trading app is available on all devices. We found their app easy to use for charting & managing order


Hotforex is considered to be a safe broker to trade with because it is being regulated by the FSCA (FSP no.46632).


Trading app features – hotforex’s trading app is compatible with almost all mobile devices. You can use this app to manage your account through functions like making a deposit, withdrawal, or a transfer.


This app allows you to access analysis features with various types of graphs, timeframes, technical indicators, and the news. You can use their trading calculator to find out risk percentages, position sizers, pivot points, pip values, and so on.


You can use this app to monitor your trades using live quotes on currency, commodities, stocks, and indices. They have a trader’s board where you can get the latest information on currency movers and the volume traded along with live charts on various currency pairs.


Trading conditions – hotforex has ZAR trading account option too, so you can have account with rand as your base currency to enter into trades. You need to make a minimum deposit of $5 to open your account, which is a quite nominal. The trading app & account will allow you to trade in a range of markets like 49 forex currency pairs & 1000+ cfds on commodities, stock cfds, metals and energy, indices, cryptocurrencies, and bonds.



  • Hotforex offers a large range of instruments in their trading app.

  • Trading fees for forex is competitive.

  • Their trading app is available for both ios & android for free.

  • Hotforex is a FSCA regulated forex broker.




  • Trading fees for some cfds is higher than other brokers.



2. Exness metatrader 4 app – best forex trading app in south africa



Overall rating 9.0/10



  • Trading fees: depends on account type & instrument on average pip spread for EUR/USD benchmark with standard account.

  • Minimum deposit: $1

  • Regulation: FSCA (FSP no. 51024)

  • Max. Leverage: 1:2000 (with standard account)


Ranked #2 forex trading app in south africa


Exness offer their metatrader 4 & 5 trading apps for android, PC & ios. The webtrader is also available.


Exness is considered a safe CFD & forex broker as they are regulated with FSCA & FCA.


Trading app features – exness has low trading fees compared to other forex trading apps. They only charge spread with their standard account, there is no other commission.


The spread is variable depending on the instrument being traded. For the benchmark, we checked their EURUSD spread, it is on average 1 pip with their standard account.


Trading conditions – exness offers ZAR base currency trading account. They have 107 currency pairs, which is more than most other platforms. And exness offers trading on 100+ other CFD instruments.



  • Exness is a FSCA regulated forex & CFD broker.

  • Low trading fees.

  • Wide number of currency pairs & other CFD trading instruments.

  • Exness offers ZAR trading account.




  • Exness don’t have a south african phone number for support.



3. Plus500 – best mobile trading app for cfds



Overall rating 8.9/10


CFD service. Your capital is at risk.



  • Trading fees: from 0.8 pips for EURUSD benchmark. .

  • Minimum deposit: R1500

  • Regulations: ASIC, FSCA

  • Max. Leverage: 1:300


Ranked #3 forex trading app in south africa


Plus500au pty ltd is authorized to operate in south africa by the FSCA (FSP no. 47546). They are also listed on the london stock exchange. Hence, they are considered to be a safe broker to trade with.


Their trading app allows you to view real-time quotes and it is user-friendly once you get the hang of it. You can also use their app to perform your analysis through live charts that are available in different time frames.


Note: plus500 is a CFD trading platform, that is suitable for experienced traders only.


Trading conditions – plus500 offers ZAR trading accounts option. They require a minimum account opening balance of ZAR 1500. You can choose to trade any of 71 different currency pairs, 1000+ cfds on stocks, commodities, cryptocurrencies, and more.


They offer a leverage of 1:300 as well as negative balance protection. You also set guaranteed stop loss for full protection that your stop loss will be fulfilled at your set price without having to pay any extra fees.


Plus500 is a variable spread CFD trading platform, but they charge a typical spread from 0.8 for the benchmark EURUSD trading pair. They do not charge any commission per lot.


They have a responsive customer support team that you can reach through phone, chat, or email. When we tried to contact them through email, they responded within a couple of hours. Their chat support is only available to signed in customers, so it is a bit of a hassle.



  • They do not charge any commission for trading & only fees is the spread per lot.

  • They offer ZAR base currency trading accounts without any extra fees.

  • Their app is user friendly with wide range of trading instruments.

  • Negative balance protection & guaranteed stop loss protection is available.




  • CFD trading fees is higher than other brokers.



3. Avatradego app – good trading app for ios & android



Overall rating 8.0/10



  • Trading fees (EUR/USD benchmark): fixed spread per lot of 0.9 pips. .

  • Minimum deposit: $100

  • Regulation: FSCA


Ranked #3 forex trading app in south africa


Avatrade is regulated by multiple top tier global financial regulators i.E. The FSCA in south africa and the ASIC. Hence, it is considered to a be safe broker to trade with.


We like the user interface of avatrade’s trading app, which is quite easy to use and understand. This app provides real-time feed of prices along with social trends. You can use a variety of charts to make an informed analysis. They also have a tutorial features that you can refer on how to use their app.


You can open and manage several MT4 accounts through this app. You can make your deposits and withdrawals through the app itself.


Trading conditions – to start trading, you need to make a minimum deposit of $100. But on the downside, there is no dedicated ZAR account for south african traders.


The avatrade’s app allows you to trade with more than 1000 different financial instruments including forex & cfds on commodities, stocks, cryptocurrencies.



  • Avatradego app is easy to use & compatible with both android & ios.

  • Real time market quotes & charting.

  • You can access their customer support directly via the app.

  • Access to trading on forex & 100+ CFD instrumenys




  • They do not support one-click execution.

  • ZAR trading accounts are not supported.



How to choose the best forex trading app?


Before you select a trading app, you need to know what to look for in a good app. Here are the most considerations that matter for us & should go into your decision.


1. Order execution speed – the speed of your trading app can be the difference between a profit and a loss, since currency fluctuations are high. A fast order execution speed means that your trade is executed at your desired price.


2. Real time data and news feed – getting real-time price feed & data on your trading app means that you can make an informed decision on the go. Live charts and technical indicators allow you to make quick trading decisions based on real time facts & price.


The trading app should also have a news feed so that you are abreast of the latest market developments.


3. Advanced charting and full functionality – easy to understand charts are the lifeblood of a financial trader. You need to ensure that your trading app has a variety of charting options. The charting options should include popular technical indicators and a variety of timeframes.


4. Range of trading instruments available – if you’re looking to trade only a few instruments, then you may give this one a skip. However, ensure that the trading instruments you need are available on your trading app at the lowest fees.


A wider selection of trading instruments means you can analyse multiple assets & trade them if there is a trade opportunity based on your analysis.


5. App security and safety – your trading app needs to be secure. In order to ascertain how safe it is, check out user ratings and reviews. Do not opt for a trading app that is less secure or has lower ratings on google play & app store than acceptable standards.


6. Ease of access – make sure to check by installing the demo app that a trading app is compatible with your device before opting for it. Always start with a demo account to get used to the platform before trading live.


7. How good is the customer support – you never know when the need for quick customer support may arise. You may have an open position which you are unable to close.


At such times, you need the fastest available customer support, preferably from within the app. Only trade with forex brokers who understand the need for good customer service.


Comparison of best forex trading apps in south africa


In the table below, we have compared the 7 best forex trading apps for beginners & experiences traders in south africa.


Forex trading app tier 1 & 2 regulation(s) trading fees (EUR/USD ex.) leverage minimum deposit availbility start trading
hotforex metatrader apps FSCA (FSP no.46632), FCA from 1.2 pips with premium account up to 1:1000 (for micro), 1:500 (for premium account) $5 (R85) PC, ios & android. Get started
exness app FSCA on average 1 pip with standard account up to 1:2000 $1 PC, android, ios get started
avatradego FSCA (FSP no. 47546), ASIC fixed spread 0.8 pips up to 1:300 $100 (for retail account) android & ios. Get started
plus500 app ASIC from 0.6 pips up to 1:300 R1500 (or $100) android, ios get started
XM broker metatrader apps ASIC, cysec from 0.8 pips with ultra low account 1:888 $5 (≈R85) ios & android get started
etoro FCA, ASIC, cysec from 2 pips. Variable (1:30 for majors) $50 android, ios get started
FXTM trader app FSCA (FSP no. 46614) from 2.1 pips with standard account. 1:1000 $5 android & ios. Get started

Frequently asked questions: forex trading apps


Which are the best forex trading apps for beginners in south africa?


As per our research, we have rated these 3 trading apps to be better than other brokers for forex & CFD trading:



  1. Plus500 – best for beginners: their app is easy to use & a lot of trading instruments are available on it.

  2. Hotforex – MT4 app: if you prefer a broker with metatrader app then hotforex would be a good choice with competitive fees.

  3. Avatrade – fixed spread: they are a fixed spread broker so you can choose their ios or android trading app if you prefer a broker with fixed spread.



What should you look for in a trading app?


Here is a quick checklist of most important factors you should compare in your trading app:



  1. Compatibility with your device

  2. Number of downloads for that forex trading app

  3. Overall rating & reviews for the app

  4. Number of FX & CFD instruments available for trading in the app

  5. Is it fast & easy to use for placing & closing orders



Which forex trading apps have the lowest fees?


Almost all brokers offer their trading apps for free. The only fees that their charge is the spread or commissions for every trading that you make.


XM (as low as 0.8 pips spread for EURUSD with ultra low trading account), plus500 (spread from 0.8 pips for major like EURUSD) & avatrade (fixed spread of 0.9 pips for EURUSD) offer very competitive trading fees starting .


Reviews & comparison summary


Here are our 3 recommended best forex trading apps in south africa for 2021.





Trading cfds is risky. Your capital is at risk.
Disclosure: we earn a commission if you sign up with a broker through referral links in this review. This helps us cover the expenses for running the website.


Hotforex has the #1 forex trading app


Forexbrokers.Co.Za is a broker comparison & education website for south africans. We aim to help traders in south africa find the best forex brokers. Read more..


Best rated forex brokers




  • Best south african forex brokers

  • Forex trading in south africa

  • Best ECN brokers

  • FSCA regulated forex brokers

  • Best bitcoin brokers

  • Forex trading platforms in south africa

  • Forex trading apps in south africa

  • Metatrader 4 brokers in south africa

  • Best forex brokers that offer ZAR accounts

  • No deposit bonus forex brokers in south africa

  • Best forex brokers for beginners in south africa

  • Risk disclaimer


Risk warning: trading leveraged instruments such as forex & cfds are risky and can result in lose of your capital. Read full risk disclaimer..



Best forex trading mobile app


Sarah horvath

Contributor, benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com


Forex trading has risen to the forefront of the digital investment frontier. Forex might be right for you if you’ve got your finger on the pulse of world politics and global business.


Get started with our list of some of the best forex trading apps. You can trade right from your smartphone, and use few accessory apps that will help you make smarter money moves.


Best forex trading apps:



  • Best forex trading app for beginners: FOREX.Com

  • Best for intermediate traders: TD ameritrade

  • Best for advanced traders: etoro

  • Best technical analysis tools: nadex


Table of contents [ hide ]

Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best for

Overall rating

Best for

1 minute review

IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface.


Best for


  • New forex traders who are still learning the ropes

  • Traders who prefer a simple, clean interface

  • Forex traders who trade primarily on a tablet



  • Easy-to-navigate platform is easy for beginners to master

  • Mobile and tablet platforms offer full functionality of the desktop version

  • Margin rates are easy to understand and affordable

  • Access to over 80 currency pairs



  • U.S. Traders can currently only trade forex

  • Customer service options are lacking

  • No 2-factor authentication on mobile


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Account minimum

Pairs offered


Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

FOREX.Com is a one-stop shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.Com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.Com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.Com is impressive, remember that it isn’t a standard broker.


Best for


  • Impressive, easy-to-navigate platform

  • Wide range of education and research tools

  • Access to over 80 currencies to buy and sell

  • Leverage available up to 50:1


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

Though australian and british traders might know etoro for its easy stock and mobile trading, the broker is now expanding into the united states with cryptocurrency trading. U.S. Traders can begin buying and selling both major cryptocurrencies (like bitcoin and ethereum) as well as smaller names (like tron coin and stellar lumens).


Etoro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though etoro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.


Best for


  • International forex/CFD traders

  • New cryptocurrency traders looking for an easy-to-use platform

  • Traders who want to buy and sell cryptocurrencies on-the-go



  • Simple platform that is easy to master

  • Copytrader feature that allows new traders to copy the same strategies used by professionals

  • Virtual dummy account that gives you $100,000 to practice trades



  • U.S. Traders currently limited to cryptocurrencies

  • Only 15 major coins available to trade


Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

HYCM is 1 of the world’s leading forex brokers, offering investors access to over 69 unique currency pairs. However, forex isn’t the only thing the broker offers — HYCM also offers high rates of leverage, stock and ETF trading, commodity investing and much more. Getting started with HYCM is quick and easy, and most investors can open an account in as little as 10 minutes.


HYCM offers a varying fee structure, which allows investors to choose the spread option that’s best for them. A wide range of educational and investing tools are available, which can be equally beneficial to both experienced and novice traders. Though HYCM isn’t currently available in the united states, it can be a great choice for residents of the other 140 countries where it offers service.


Best for


  • Investors who want a customizable fee schedule

  • Traders comfortable using the metatrader platform

  • Islamic traders who need swap-free accounts that don’t build interest



  • Wide range of currency pairs available

  • Excellent selection of educational tools

  • $0 deposit and withdrawal fees


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Account minimum

Pairs offered

Account minimum

Pairs offered

1 minute review

A fully regulated broker with a presence in europe, south africa, the middle east, british virgin islands, australia and japan, avatrade deals with mainly forex and cfds on stocks, commodities, indexes, forex, cryptocurrencies, etc. This brokerage is headquartered in dublin, ireland and began offering its services in 2006. It offers multiple trading platforms and earns mainly through spreads.


Best for


  • Beginners

  • Advanced traders

  • Traders looking for a well-diversified portfolio



  • Controlled by regulatory agencies of multiple countries

  • Choice offered in terms of trading platforms

  • Support available in 14 languages and trading platforms in 20 languages

  • Practice/demo account available for trying out

  • Breadth of trading assets



  • Does not accept customers from the U.S. As it isn’t regulated in the U.S.

  • Transferring funds to the account may take up to five days; withdrawals could take up to 10 days


Characteristics of great forex trading apps


Though each forex trading platform and app aims to fill its own niche segment of the market, the most reliable and trustworthy trading apps all share the following three characteristics:


Real-time updates


A currency’s value can change at a second’s notice, so you’ll need immediately up-to-date value information in order to make the most informed trade possible.


This often creates a problem on mobile platforms, which have less processing power than desktop computers and can lag or crash in the middle of a trade.


Test out your forex trading app of choice with a few small test trades before you make a commitment to the platform to ensure that it is able to provide the trade and streaming speed that you need to complete your currency trades.


Trading education resources


In a market that’s constantly changing, knowledge is power. The best forex trading apps offer information on both the technical side of trading as well as the latest international news and editorials.


This helps traders learn more about how to predict which currencies will rise and fall in value.


Minimal spreads


In forex trading, the “spread” is the difference between the bid and the ask price of a currency and basically functions as your forex broker’s commission for carrying out your trade.


Though most spreads are only a fraction of a single unit of the currency you’re trading, high-frequency traders may soon see a large percentage of their profits eaten away by fees and commissions.


Don’t be afraid to shop around for forex brokers until you find one that offers fair fees—this will help you minimize loss while trading.


The best forex trading apps


We chose the forex trading apps with minimal spreads, great resources, and fast trading times. Here’s who made the cut.



Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

Best for

1. Best for begginers: FOREX.Com


Not only is FOREX.Com 1 of our favorite forex brokers, it has some of the lowest spreads on the market and an amazing mobile app available on ios or android.


The mobile app allows for full functionality. You get the same advanced charting options, news and fund management as the desktop version.


You can create customized dashboards watchlists, and watch your positions on an easy-to-navigate app.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Commissions

Account minimum

Best for

2. TD ameritrade’s thinkorswim


It’s interface is intuitive. If you already have a brokerage account open with TD ameritrade, you can also trade options, stocks and futures on the thinkorswim app.


The platform also offers news alerts and direct CNBC mobile streaming for market news. Traders who initiate a large number of their currency exchanges on-the-go will love the platform’s alert system, which sends push notifications with set trading alerts.


Offering an easy-to-use mobile app that houses everything a trader could want on a single platform, very few brokerage firms come close to TD ameritrade’s intuitive thinkorswim app.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Commissions

Account minimum

3. Etoro


Etoro’s online platform already offers many of the world’s most popular digital currencies including bitcoin, ethereum, XRP and more. You’ll also enjoy additional benefits, such as real-time execution of market orders and unlimited daily withdrawals.


View real-time data, access in-depth analysis tools, and be the first to catch the trends wherever you are. You can also try out etoro’s many innovative features completely risk-free with a $100,000 virtual portfolio.


You can also get customized notifications for bitcoin and other cryptos on your watchlist, and access real-time, relevant market data any time.


Commissions

Account minimum

4. Nadex


Nadexgo™ offers the same user experience as its desktop version, just on a smaller scale.


You have a full range of products with account management tools, real-time direct market access, and full charting and technical analysis features. You’ll have to toggle between the chart and order entry ticket, which may take some getting used to.


Nadex specializes in binary options and spreads trading. The fee structure is $1 per contract with a $50 maximum cap.


And you can exit a trade by placing a 2nd, opposite trade or by letting the contract expire.


Find the right app today


The forex trading market is no longer limited to government institutions and international banks. Thanks to a process called “trading on the margin,” there is no longer a $100,000 minimum barrier to begin exchanging currencies.


Mobile forex trading is still developing. Learn more about forex with benzinga’s list of the best forex trading brokerage firms for desktop trading .


Get a forex pro on your side


FOREX.Com, registered with the commodity futures trading commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.



  • EUR/USD as low as 0.2 with fixed $5 commissions per 100,000

  • Powerful, purpose-built currency trading platforms

  • Monthly cash rebates of up to $9 per million dollars traded with FOREX.Com’s active trader program



Learn more about FOREX.Com’s low pricing and how you can get started trading with FOREX.Com.


Looking for a highly rated forex signals provider?


Forexsignals.Com offers a highly rated platform with mentors who have 80 years of combined experience in the trading pits. They’ll help you decode real-time daily live streams using market analysis, trade signals and more. Forexsignals.Com doesn’t stop there. You can access hundreds of educational videos and workshops and even individualized private sessions with mentors. Never trade alone! Join forexsignals.Com now.


More on FOREX

Learn about forex

Reviews

More on FOREX


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best forex brokers


If you’d like to trade forex or are thinking of switching brokers, read this article for benzinga’s picks for the best forex brokers.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best forex trading software


Forex trading is an around the clock market. Benzinga provides the essential research to determine the best trading software for you in 2021.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best free forex charts


Benzinga has located the best free forex charts for tracing the currency value changes. Let our research help you make your investments.


Learn about forex


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


How to trade forex


Ready to tackle currency pairs? Benzinga's complete forex trading guide provides simple instructions for beginning forex traders.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Forex signals


Learn about forex signals and how to use them. Use our guide to to find the best forex signals providers for 2021.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Best forex trading courses


Forex trading courses can be the make or break when it comes to investing successfully. Read and learn from benzinga's top training options.



Forex trading apps


Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.31% 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.


Notice: apps from fxcmapps.Com are no longer available for U.S. Customers.



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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.


76.31% 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.


High risk investment notice: trading forex/cfds on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional, and eligible counterparty clients. Retail clients who maintain account(s) with forex capital markets limited (“FXCM LTD”) could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by FXCM LTD, inclusive of all EU branches, FXCM australia pty. Limited, FXCM south africa (PTY) ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the “FXCM group”], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM australia pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the financial services guide, product disclosure statement, and terms of business. Our forex/CFD prices are set by FXCM, are not made on an exchange and are not governed under the financial advisory and intermediary services act. The FXCM group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the terms and conditions on the FXCM group’s websites prior to taking further action.


The FXCM group is headquartered at 20 gresham street, 4th floor, london EC2V 7JE, united kingdom. Forex capital markets limited (“FXCM LTD”) is authorised and regulated in the UK by the financial conduct authority. Registration number 217689. Registered in england and wales with companies house company number 04072877. FXCM australia pty. Limited (“FXCM AU”) is regulated by the australian securities and investments commission, AFSL 309763. FXCM AU ACN: 121934432. The information provided by FXCM AU is intended for residents of australia and is not directed at any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please read the full terms and conditions. FXCM south africa (PTY) ltd is an authorized financial services provider and is regulated by the financial sector conduct authority under registration number 46534. FXCM markets limited (“FXCM markets”) is incorporated in bermuda as an operating subsidiary within the FXCM group. FXCM markets is not required to hold any financial services license or authorization in bermuda to offer its products and services. FXCM global services, LLC is an operating subsidiary within the FXCM group. FXCM global services, LLC is not regulated and not subject to regulatory oversight.


Past performance: past performance is not an indicator of future results.


© 2021 forex capital markets. All rights reserved.



Best forex trading app UK – top-rated apps reviewed


Kane pepi PRO INVESTOR


Forex apps are a must if you plan to trade currencies with real-world pounds and pence. This will ensure that you have unfettered access to your forex brokerage account no matter where you are.


For example, you can instantly enter a buy or sell positions, as well as keep tabs on a live trade. You can also install pricing alerts that will notify you when a particular support or resistance level has been breached, and even receive real-time news delivered straight to your phone.


Taking the above into account, this guide will reveal the best forex trading app UK . We’ll also run you through the many metrics that you need to look out for when choosing a forex app yourself, and then walk you through the process of getting set up.


Best forex trading app UK – top 5


Below you will find a snapshot of the best forex apps currently available in the UK. You’ll find a full review of each provider in the sections below.



  1. Etoro – best all-round UK forex app of 2021

  2. Libertex – top forex app with 0% spreads!

  3. Capital.Com – best forex app UK for low minimum deposit

  4. Plus500 – no commissions, tight spreads, and leverage of up to 1:30

  5. IG – trusted UK forex app with MT4



2021’s best forex apps


Choosing a forex app that meets your needs can be time-consuming. After all, there are hundreds of options in the market, and heaps of variables that you need to look out for. For example, you’ll want to choose a provider that offers low commissions, lots of tradable currencies, and a seamless user experience.


To save you from hours of countless research, below you will find the best UK forex apps of 2021.


1. Etoro – best all-round UK forex trading app


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Etoro easily makes the number one spot for us. Firstly, this FCA regulated forex app is the most cost-effective option in the space. You can buy, sell, and trade currency pairs without paying any commission – and spreads are super competitive. This isn’t the case just in its forex department.


On the contrary, you can access stocks, commodities, etfs, and cryptocurrencies without paying any fees. With that being said, there’s a lot more to like about etoro than just its low-cost pricing structure. For example, you’ll have access to dozens of currency pairs from the majors, minors, and exotics. Its mobile app – which is available on ios and android, offers a seamless trading experience.


eToro forex app
Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.
eToro mobile forex app


Everything has been optimized to ensure that you can trade forex without being hindered by a smaller screen. This is also the case when depositing and withdrawing funds. Etoro is also recognized for its social trading features. This allows you to discuss market insights with over 12 million traders, and even copy the buy and sell orders of other investors. Regarding the latter, this means that you can trade forex passively without needing to lift a finger.


Etoro is also favoured with beginners because it allows you to get started with small amounts. For example, the minimum deposit and trade size amounts to just $200 and $50, respectively. You can also apply leverage at etoro, fully in-line with ESMA limitations (1:30 majors, 1:20 minors/exotics). Finally – and perhaps most important, the etoro forex trading app is heavily regulated. On top of a license with the FCA, cysec, and ASIC – it is partnered with the FSCS.


Etoro fees:


">commission ">0%
">deposit fee ">0.5% currency conversion fee
">withdrawal fee ">$5
">inactivity fees ">$10 a month after 12 months inactivity



    super user-friendly online forex broker trade forex without tight spreads you can also trade stocks, indices, etfs, cryptocurrencies, and more deposit funds with a debit/credit card, e-wallet, or UK bank account social and copy trading accepts paypal FCA and FSCS protections

75% of retail investors lose money trading cfds at this site


2. Libertex – top forex app with 0% spreads


Libertex logo
Libertex is a unique forex trading app due to its unusual price model – it doesn’t charge any spreads whatsoever! Instead, libertex works on a commission-based pricing model. This is typically very low – 0.011% on EUR/USD for example, so libertex is one of the cheapest forex apps around. There’s a good range of forex pairs available, including a long list of exotics.


The libertex app is very intuitive and easy to use. Everything’s simply to access thanks to the app’s great layout and design, and it also runs incredibly smoothly with no glitches, so it’s a good choice for both beginners and experienced traders looking to trade on the go. As well as the libertex app, this broker is also compatible with MT4 and its vast array of advanced forex trading tools.


Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.
Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.
Best forex trading app of 2021: trade and invest on your Android or iPhone, forex trading apps.


Alongisde forex, you can trade stocks, etfs, cryptocurrencies, indices and commodities on the libertex app, all as cfds. There are some useful educational resources on the app, including a beginner’s course and webinars, but it’s a little limited in terms of advanced trading tools, so you’d need to use MT4 for that. There’s also a £50,000 demo account.


In terms of leverage, you can trade with up to 1:30 on libertex, while professional clients can get a 1:600 limit. There are also trader benefits, such as an up to 50% commission discount on certain assets at certain times.


Libertex has a very low minimum deposit of just £10, and it also supports a brilliant range of payment methods, including paypal, skrill and paysafecard. This forex app is licensed by cysec, so it’s also very secure and trustworthy.



    No spreads low commission fees supports MT4 supports paypal £10 minimum deposit



    Limited advanced trading tools


83% of retail investors lose money trading cfds at this site.


3. Capital.Com – best forex app UK for low minimum deposit


Capital.Com is an FCA-regulated forex broker that specializes in forex and cfds. Regarding the latter, this includes everything from stocks, commodities, cryptocurrencies, and indices. In terms of its forex offering, you’ll have access to a huge library of pairs.


Not only does this include majors and minors, but lots of emerging currencies, too. In downloading its forex app, you will be able to trade on a commission-free basis. Many of the pairs offered by the platform also come with industry-leading spreads. If you’re a newbie, you might also consider downloading the educational app offered by capital.Com.


Capital.com forex app
Capital.com forex app
Capital.com forex app


This includes guides and explainers of key trading terms, and several mini forex courses. Both mobile apps are available on ios and android devices. In terms of getting started, capital.Com requires a minimum deposit of just £20. You can fund your account instantly with a debit/credit card or e-wallet.


Capital.Com fees:


">commission ">0%
">deposit fee ">free
">withdrawal fee ">free
">inactivity fees ">$10 a month after 12 months inactivity



    Educational app for new traders AI assistant identifies your weak points trade ideas generated daily excellent charting and analysis interface £20 minimum deposit



    Cannot build custom trading strategies





so, let's see, what we have: we look at the best in forex trading platforms for use with mobile devices such as android and iphone. At forex trading apps

Contents of the article





Contents of the article




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