‎Instantia FX for Corporates on the App Store

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. The CopyTrader platform allows you to mirror the positions of experienced traders, which is useful if you are a beginner or do not have the time to trade manually. By leveraging the expertise of successful traders, you can gain exposure to markets like Bitcoin and potentially profit from it without learning how to trade.

TD Ameritrade is a true multi-asset broker offering everything from 70+ forex pairs to mutual funds, covering over 20,000+ markets. The broker places itself as a one-stop shop covering different investment accounts, from its standard accounts for growth and speculation to traditional retirement accounts like Trading Api the Roth IRA. It allows you to consolidate all your investments into one broker. IG Group offers a Standard account with no commissions, where the cost is built into the spread. In our tests, we analyzed the spreads across forex markets and found them highly competitive compared to industry averages.

What makes a good Forex trading app?

If you’re one to explore new strategies and are willing to take calculated risks, this app is a great platform for you to do just that. This app continues to be developed and more features are still being added, but users can already download the app and start trading. The app offers a virtual stock trading experience using real market data, so you can gain experience, knowledge, and insights into the whole trading experience. Better still is that the app is quite comprehensive in terms of features, covering 20 stock markets, and providing support for stop-loss and Limit orders. Keep up-to-date with all the latest upgrades and features designed to enhance your trading experience. Our current version features best-in-class charting, over 80+ tools and indicators, plus instant financial news from Thomson Reuters.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. We’ve got over 25 years of experience and have developed cutting-edge tools and powerful platforms, all backed by transparent pricing. A range of order types available within the apps includes market, stop, limit, and OCO orders with an option of attaching a Stop Loss or Take Profit to any position or pending order.

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Charts in the SaxoTraderGO mobile app sync with the browser-based version of the platform. For example, if you draw trend lines and add indicators in the web version, they will appear in the mobile app (and vice versa). The web platform’s economic calendar, educational videos, market news from top-tier sources such as Dow Jones Newswire, and pattern recognition analysis from Autochartist are all accessible on the mobile app. We chose it for its intuitive trading interface, competitive trading costs and excellent customer support. This broker also scores high marks for trust, with the most Tier-1 licenses of any broker we review. In our tests, we traded with a RAW account, as they are one of the few NFA-regulated brokers offering this account type.

It works to protect market integrity and enforces regulations to safeguard investors. The Performance Analytics tool stands out by analyzing your trading patterns in real time, highlighting your biggest strengths and weaknesses, and then recommending areas of improvement. What stood out on the OANDA Trade app was the settings you could use to set a default trade ticket. This allowed us to set up our trade size, stop-loss, and take profit levels and store them to be used by default every time we buy and sell, making the process faster. A hidden benefit is that it can also prevent mistakes by preventing you from adding extra zeroes, which are costly mistakes if you get filled. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Best cross-platform experience – Saxo’s SaxoTraderGO app

The developer, Instantiapay Pty Ltd, indicated that the app’s privacy practices may include handling of data as described below. No more unauthorized account logins with the enhanced DXtrade mobile login options! Your clients get to choose between biometric authentication and a custom passcode to protect their trading accounts. Spread refers to the amount of commission your forex broker takes from you, and should be minimized as much as possible. This will start making sense when you start increasing your trading frequency.

• Today, it’s one of the most well-regulated and trustworthy brokers, with licenses from the UK, US, Australia and other Tier-1 jurisdictions.
• Spread refers to the amount of commission your forex broker takes from you, and should be minimized as much as possible.
• The Depth of Market (DOM) tool in MetaTrader 5 caught our attention.
• I’ve been testing CMC Markets’ platforms since 2017, and it’s clear to me that CMC Markets has invested time and resources in the mobile app’s development.

Like its award-winning web app, IG Group’s mobile offering includes powerful features designed to provide trading conditions similar to what you’d experience trading on your desktop. The advanced charting tools, in particular, exceed those available on most mobile apps. Almost everyone on the planet has a smartphone, but not all mobile apps offer the same forex trading capabilities. This trading guide covers which brokers offer the best forex trading apps in 2024.

Never miss a moment with mobile trading

When choosing any financial management platform, it’s important to look for trustworthy providers. Used by traders in more than 180 countries and fully regulated, ForexTime’s FXTM software is a reliable platform for foreign exchange trading. However, forex trading is not easy — the majority of traders lose money. CMC Markets’ cleanly designed Next Generation mobile app comes packed with research tools, integrated educational content, powerful charts, predefined watchlists, and more.

Competition remains fierce among mobile trading apps, and our research team has tested and scored the forex trading apps of 60+ different brokers. To rank each mobile trading platform, we assessed over a dozen individual variables, and all testing was conducted using Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12. Below, we review the best mobile forex trading apps available in the United States. I’ve been reviewing IG for over six years, and I continue to be impressed by IG’s powerful suite of mobile applications for everyday forex traders. IG’s flagship mobile forex trading app, IG Trading, won our 2024 Annual Award for #1 Mobile App. I find the IG Trading app to be easy to use and jam-packed with powerful features and intuitive trading tools.

Whether you have an iOS or an Android smartphone, and whether you need an account where you can practice your newly-acquired trading knowledge, most apps will cover most of your needs. If you’re looking for an advanced forex trading and analysis tool, it’s worth checking out Thinktrader, formerly known as Trade Interceptor. Through the platform, you can quickly find and track the best currencies and stocks to put your money in.

An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Open an account in minutes with our forex and cryptocurrency trading app.

Since FXTM is globally licensed, users’ funds are guaranteed protected. 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, and a lot of people do lose money through carelessness, lack of planning, or just plain bad luck. So it’s very important to understand what you’re getting into, and how to minimize any (inevitable) losses you will incur. 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.

– Great Range Of Trading Platforms

While MT4 and MT5 are incredibly popular due to their wide availability, many of the best mobile apps are developed in-house by some of the best online brokers, such as Saxo and IG. No, there is no official app or website because the foreign exchange (forex) market is decentralized — that is, there is no single location or site for the market. The forex market consists of central banks and financial institutions such as brokers, dealers, banks, and corporations. We’ve maximized the performance and stability of DXtrade Mobile during low bandwidth data exchange.