If you’re looking to trade currencies on a smartphone, you’ll need an account with a regulated forex app. Important factors to consider when choosing the best forex trading apps include regulation, supported markets, commissions, spreads, and minimum lot sizes.
In this guide, we reveal the twelve top forex trading platforms for 2024. Read on to discover which forex app is right for your trading goals.
Here’s our top 13 list of the best forex trading apps in 2024: You’ll need more than an overview when selecting the best forex trading apps. In this section, we review the top twelve providers for safety, fees, payments, trading tools, and much more. eToro is an all-in-one brokerage platform that offers trading on more than 5,000 instruments, including 55 forex CFD pairs. You can trade all the major and minor trading pairs with spreads starting from as low as 1 pip for the EUR/USD pair. eToro’s mobile app is packed with trading features that make it easy to use. You can trade in just a few taps using the eToro mobile app, plus enable push notifications so you never miss an opportunity.
In addition, eToro displays trader sentiment for each currency pair, making it easy to see what other traders think about a currency’s prospects. You can also take advantage of eToro’s copy trading tool. This enables you to automatically mimic the moves of experienced forex traders in your own portfolio. You can copy multiple traders with different strategies, making it possible to profit in a wide range of market conditions. Copy trading is completely free although some fees change according to assets. You only need to make a minimum deposit to get started which makes eToro one of the most competitive platforms on the market today. eToro is a mobile trading platform that’s packed with indicators, drawing tools, news, and analysis. You can compare multiple trading pairs on the same chart or monitor multiple charts on a single screen. Regulated by leading institutions in the EU, US and UK, eToro is a powerful platform for staying one step ahead of the market. Pros Cons
76% of retail CFD accounts lose money – your capital is at risk. Plus500 is a trusted trading platform, regulated and licensed by multiple financial authorities – Cunningham Commodities, LLC d/b/a Plus500, a Futures Commission Merchant registered with the US Commodity Futures Trading Commission and a member of the National Futures Association (NFA ID number 0001398), and it’s a publicly traded company on the London Stock Exchange. The app is easy to use. Once you download it, You can trade forex future major pairs and exotics like Mexican Peso. There are also over 2,800 other CFD instruments to trade, like stocks, ETFs, options, and crypto, on the Plus500 CFD platform and over 2700 real shares on the Plus500Invest platform, all under a single list.
You won’t find the popular MT4 platform with Plus500. Instead, you get to trade via the browser-based Web Trader and the mobile app for iOS and Android. Aside from this, everything else is similar to all other platforms. You select the futures asset you wish to trade and agree to buy or sell (transact) a financial asset, like a commodity, currency, or index, at a fixed price and time in the future. In other words, two parties enter into an agreement, with one of them buying a Future’s underlying asset and the other selling it later at a specific price and time in the future, regardless of the prevailing market price at the time, and can use features such as trailing stops. Pros Cons
Trading with leverage comes with a high risk and may not be suitable for everyone. XTB is a regulated forex broker with its own proprietary trading platform – xStation 5. This can be downloaded as a free app for iOS and Android. xStation 5 is also available as desktop software and via standard web browsers. This makes XTB ideal for switching between desktop and mobile devices. XTB offers a safe way to trade forex – it’s regulated by the UK’s FCA. This means that your account balance is held in segregated bank accounts. Moreover, XTB is a public company listed on the Warsaw Stock Exchange. This offers increased transparency and accountability. In terms of markets, XTB supports over 50 currency pairs.
XTB also supports indices, stocks, commodities, ETFs, and some of the best cryptocurrencies to trade. When it comes to fees, XTB does not charge trading commissions, making it a great free forex trading app. It advertises minimum spreads of 0.1 pips, which is very competitive. However, we found that actual spreads are much higher. This is because XTB has a variable spread system that reflects broader market conditions. In terms of usability, the XTB app is suitable for all skill sets. Beginners will appreciate XTB’s simple interface and easy order placement process. Moreover, XTB offers a free demo account that mirrors the live forex markets. This gives you the opportunity to practice with technical indicators and real-time forex charts. More experienced traders will appreciate XTB’s high leverage offering of up to 1:500. However, leverage limits are restricted in certain regions. For example, UK traders are capped at leverage of 1:30, as per FCA guidelines. There are no minimum deposit requirements at XTB. That said, forex must be traded in micro-lots, so that’s $1,000 without leverage. Pros Cons
78% of retail investor accounts lose money when trading CFDs with this provider. AvaTrade is a heavily regulated forex broker that holds licenses in nine different countries. This makes AvaTrade one of the best forex trading apps for safety. For instance, not only is AvaTrade regulated by the Central Bank of Ireland, but also by licensing bodies in Japan, Australia, and South Africa. Moreover, AvaTrade has been offering brokerage services since 2006. AvaTrade offers a proprietary trading app for iOS and Android – AvaTradeGO. This comes packed with charting and analysis features. This includes technical indicators, custom order types, watchlists, alerts, and financial news. You’ll also have access to trading sentiment and an economic calendar. All supported features have been optimized for smartphone usage.
AvaTrade supports 53 forex pairs – all can be traded on a commission-free basis. Spreads start from 0.9 pips on EUR/USD. Expect volatility, as spreads are dynamic. This means they rise and fall based on market conditions. AvaTrade offers leverage of up to 1:400. However, limits are dependent on your country of residence and trading status (e.g. retail or professional). In addition to AvaTradeGO, this popular broker also supports MT4 and MT5. If you prefer one of these third-party apps, you can connect them to your AvaTrade account. After you register, you can start with AvaTrade’s free demo account. Alternatively, you can deposit $100 or more and begin trading with real money. No deposit or withdrawal fees are charged. Pros Cons
Trading CFDs and FX Options entails risk and could result in the loss of your capital. PrimeXBT is next on our list of best forex trading apps where you can trade different kinds of financial products like CFDs. These include forex, commodities, indices, and cryptos. You can access all these markets with just one account. It’s worth noting that PrimeXBT offers really high leverage for forex trading. It offers up to 1,000:1 leverage on all forex pairs, including popular ones like EUR/USD, USD/JPY, and GBP/USD. You can trade these with no commissions, and the spreads can be as low as 0.1.
The platform also has copy trading– where you can automatically copy the trades of other users and earn money without having to learn the trading strategies yourself. Trading forex on PrimeXBT is quite simple as the platform offers a convenient mobile app where your traders can be executed almost instantly. The platform also allows you to access powerful charting tools to help you analyze the forex markets. PrimeXBT has strong security features like two-factor authentication and full data encryption to protect user data. You can start trading forex on PrimeXBT with a deposit of as low as $1. Pros Cons
Trading in financial instruments is a risky activity and can bring not only profits but also losses. Libertex is one of the best forex trading apps for low fees. All supported forex pairs can be traded without commission. Moreover, spreads start from just 0.2 pips on major forex pairs. Libertex has a dynamic quote system, so spreads vary depending on market conditions. We also like that Libertex has a low minimum deposit requirement. You can get started with any amount from $10. Libertex also offers a free demo account and no deposit is required to activate it. This comes with $50,000 in virtual trading funds. The Libertex app is user-friendly and available on iOS and Android. It has a simple layout yet comes with pricing charts, sentiment bars, technical indicators, and other trading tools.
Libertex also supports MT4 and MT5, should you prefer one of these trading platforms. In addition to forex, Libertex supports other financial markets. This includes everything from stocks and ETFs to commodities and cryptocurrencies. Libertex is also one of the best forex trading apps for leverage – up to 1:999 is available. Libertex is considered a safe forex trading app. It has over 3 million customers and was launched in 1999. Moreover, Libertex is authorized and regulated by CySEC. While over 120 countries are supported by Libertex, this doesn’t include the US. Pros Cons
Trading in financial instruments is a risky activity and can bring not only profits but also losses. Pepperstone is a licensed forex broker suitable for all experience levels. It supports over 60 forex pairs alongside stocks, indices, and commodities. All available markets are traded as leveraged CFDs, meaning that US clients are prohibited from joining. That said, most other nationalities are supported. Pepperstone offers two account types. If you’re a casual trader, the standard account will be suitable. This enables you to trade forex without paying any commission. Spreads on the standard account start from 0.7 pips. Experienced traders will prefer the razor account. This comes with a commission of $3.50 per traded lot.
However, you’ll have access to the most competitive market spreads. In many cases, Pepperstone’s razor account comes with spreads of 0.0 pips on major forex pairs. Pepperstone doesn’t offer a native mobile app, so you’ll need to choose from MT4, MT5, or cTrader. There is no minimum deposit requirement, and all three options come with demo account trading. Pros Cons
Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Skilling is another top-rated forex broker that offers two account types to choose from. Beginners will appreciate the commission-free account, which comes with minimum spreads of 0.8 pips. This account type has a minimum deposit requirement of €100. The premium account is aimed at experienced traders. It offers a minimum spread of 0.1 pips on major forex pairs. There is also a flat commission of $35 per $1 million traded. Although the premium account offers competitive pricing, the minimum deposit requirement is €5,000. Skilling’s native app for iOS and Android supports plenty of trading tools, including indicators and charts.
Finding forex pairs to trade is seamless and orders have an average execution time of 0.05 seconds. Skilling also supports third-party trading apps, including MT4 and cTrader. In addition to forex, Skilling supports commodities, cryptocurrencies, indices, and stocks. Skilling is a safe trading platform that segregates client funds and offers negative balance protection on leveraged positions. Pros Cons
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Trade Nation is a regulated forex and CFD broker. It supports a wide range of assets, including currency pairs, stocks, indices, and commodities. When trading forex, you won’t pay any commissions. Instead, you’ll need to cover a variable spread – which is usually very competitive. For example, EUR/USD can be traded from just 0.3 pis. Spreads on EUR/GBP and EUR/JPY start from 0.6 and 0.8 pips, respectively. That said, spreads on exotic currencies can be wide. For example, USD/ZAR starts from 7 pips. Trade Nation will appeal to forex traders who seek high leverage limits. The minimum margin requirement on major pairs is just 0.5%. This means you can trade with leverage of up to 1:200.
Exotic pairs come with higher margin requirements of 2%. We also like Trade Nation for its commitment to regulation. It holds licenses with bodies in the UK, Australia, South Africa, Bahamas, and Seychelles. The regulatory body you fall under will determine your leverage and margin requirements. Supported payment methods include debit/credit cards and Bitcoin. There is no minimum deposit requirement at Trade Nation. In addition to its own native app, Trade Nation also supports MT4. This will appeal to those who want to deploy automated trading robots or access more advanced analysis tools. Pros Cons
Contract for differences are complex financial instruments that requires knowledge and understating as it involves a high risk of losing money rapidly due to leverage. Admirals is a popular forex broker that offers its own trading platform on iOS, Android and Huawei devices. Trade forex and over 8,000 other CFDs from the palm of your hand, or make deposits and withdrawals in-app. Forex pairs come with tight spreads, starting from 0.6 pips on EUR/USD, and you can trade with up to 1:500 leverage. This brokerage provider is licensed in several countries including the UK and Australia. To keep your mind at ease, know that your funds are held in a segregated account and it never mixes with Admirals’ assets.
Trade over 80 forex pairs, including majors like EUR/USD and GBP/USD and exotics like USD/THB and NZD/SGD. If that’s not enough, trade other CFDs like stocks, indices, cryptocurrencies, commodities and more. Learn how to trade and improve your skills with the vast educational library or start trading with a demo account using virtual money. As an Admirals client, you get access to premium analytics, market news, fundamental analysis and more, which can help you become a better trader.
Overall, Admirals offers the full forex trading package for beginners and it could be worth checking out. Pros Cons Launched in 1974, IG is the most established forex trading app on this list. It supports more than 80 currency pairs across the majors, minors, and exotics. Fees are very competitive here, with IG offering commission-free access to all supported pairs. What’s more, the minimum spread on EUR/USD is just 0.8 pips. IG’s native mobile app is available on iOS and Android. It comes packed with trading tools that will appeal to experienced pros. This includes exclusive market data, technical and economic indicators, custom orders, and risk management tools. The main drawback for US clients is that IG only supports forex.
That said, if you’re based elsewhere, you’ll have access to thousands of CFD instruments. This includes stocks, indices, and commodities. UK clients also have access to traditional stocks, funds, and investment trusts. There is no minimum deposit requirement at IG when transferring funds from a bank account. However, debit/credit card payments require at least $450. Pros Cons Capital.com is an established CFD and forex trading platform. It has a native mobile app for iOS and Android. 125 forex pairs are supported, covering a huge blend of majors, minors, and exotics. This is in addition to thousands of stocks, cryptocurrencies, commodities, ETFs, and indices. Therefore, Capital.com is one of the best forex trading apps for building a diversified portfolio. Capital.com is also popular for its low pricing structure. For a start, no trading commissions are charged on any supported market. What’s more, EUR/USD spreads start from 0.6 pips.
We like that Capital.com has a separate app for forex education – Investmate. This comes with mini-courses on trading basics. Capital.com also supports third-party trading apps, including MT4 and TradingView. Moreover, Capital.com offers a free demo account – so you can practice trade, risk-free. Minimum deposit requirements start from $20. Pros Cons
79.59% of retail investor accounts lose money when trading CFDs. Forex.com is a popular currency broker that was launched in 2001. It holds many tier-one licenses and is regulated to offer trading services in the US. This makes Forex.com one of the best forex trading apps for US clients. We also like that Forex.com is suitable for beginners and experienced traders alike. For example, first-time forex traders can open a commission-free account. This comes with a minimum spread of 1 pip. Experienced traders might prefer the DMA (Direct Market Access) account. Not only does this offer deep liquidity but you’ll get institutional-grade spreads. The DMA account comes with a maximum commission of $60 for every $1 million traded.
This is reduced as trading volumes increase. Forex.com also supports non-US clients but account types and pricing varies depending on the jurisdiction. In terms of markets, Forex.com supports over 80 currency pairs. It offers a native trading app for iOS and Android, although MT4 and MT5 are also supported. Pros Cons
Forex trading apps are applications designed for trading currencies in the foreign exchange market online. They provide a convenient and accessible alternative to traditional brokerage services. Traders can access forex markets on the go and manage their portfolios easily. Forex trading apps are suitable for both novice and seasoned investors. Many apps have educational resources and support for those new to forex investing. Some have demo accounts that allow you to practice trading using virtual funds rather than real money. This can help beginners get to grips with investing in a safe environment. Traders will also find detailed analytics, real-time market data, and advanced trading options to suit traders of every level. Each forex trading app will have unique features and capabilities. However, there are some common features to look for when choosing a forex market trading app. Choosing a trading app can be overwhelming when you are new to investing and trading currency pairs. We found that eToro is the best forex trading app for beginners. It offers a streamlined interface and a simplified fee structure. Investors can make trades in just a few taps, and eToro supports over 55 forex CFD pairs. eToro also has a range of features to support beginners. It displays trader sentiment and offers a copy trading tool so you can learn from other, more seasoned traders. You can also open a demo trading account with $100,000 in virtual funds. This free account lets you practice forex trading risk-free.
To rank the best forex trading apps for 2024, we initially focused on safety, licensing, and customer protection. After all, forex trading apps offer regulated financial services, so it’s important that your funds are safe. We prefer currency trading platforms that are authorized and regulated by tier-one bodies, such as the FCA and FINRA. These licensing bodies require brokerages to segregate client funds and offer adequate risk warnings. We also prioritize currency trading platforms that offer low payment fees and commissions, not to mention competitive spreads. This ensures that you keep the majority of your trading profits. Our methodology also explores what forex trading markets are supported. This ensures that you have a wide range of currency pairs to choose from. Trading apps that support alternative asset classes, such as stocks, ETFs, and commodities, are also given preference. The best forex apps also offer a demo trading facility, which is ideal for beginners who want to learn the ropes of forex trading without risking any funds. Our research methods also assessed the user-friendliness of each forex trading app. This is in addition to minimum account balances and lot sizes. As most forex trading apps have a minimum trade size of 0.01 lots ($1,000 on USD-quoted pairs), we also evaluated maximum leverage limits. Other important metrics within our methodology include customer service, payment methods, and educational tools. In this section, we take a much closer look at how to choose the best forex trading app for your requirements. The first thing you should check when researching forex trading apps is regulation. Put simply, trading apps are backed by brokerages, which must be licensed to operate in certain markets. Also, make sure the broker has client fund segregation, which keeps your money in separate bank accounts from the forex trading app. This means that if the trading app went bankrupt, it wouldn’t be able to use your capital. You’ll come across three different types of currency pairs when using a forex market trading app – majors, minors, and exotics. Majors and minors are heavily traded and cover highly demanded currencies like US dollars, euros, Japanese yen, and British pounds. Exotics are less frequently traded and include currencies from emerging nations. We found that the best forex trading apps support all majors and minors, plus a selection of exotic pairs. You’ll need to check what pairs are supported before opening an account. Now let’s talk about fees. First, consider whether your chosen forex trading app charges commissions. If it does, this means you’ll pay a fee to enter and exit trades. That said, many forex trading apps now offer a commission-free experience. Nonetheless, you’ll likely find that commission-free forex apps charge higher spreads. And those that charge a commission offer more competitive spreads. This is why the spread and the commission need to be factored in. Some forex trading apps offer multiple accounts – each with a minimum spread and/or commission. This enables you to choose the best pricing plan for your trading requirements. If you’re a casual trader, opt for a commission-free account. If you’re trading larger amounts, opt for an account with minimal spreads. You’ll need to deposit funds before you can trade forex with real money. The best forex trading apps support instant payment methods. You should also check whether deposit and withdrawal fees are charged. Some trading apps charge an FX fee depending on the currency being deposited. Trading tools and analysis features are very important when selecting the best forex app. Without adequate forex trade software, you won’t be able to make informed trading decisions. For example, if you’re a fundamental trader, you’ll need an app that offers forex news, market insights, and an economic calendar. Technical traders will need a forex market app that offers real-time charts, indicators, and drawing tools. Although leverage can be risky, it’s a minimum requirement if you don’t have a large amount of capital to trade. Put simply, leverage allows you to enter forex positions with less than you have in your account. For example, the best forex trading apps have a minimum trade requirement of 0.01 lots. USD-quoted forex lots amount to $100,000, so that’s a minimum of $1,000. However, if you applied leverage of 1:10, you would only need to risk $100 on this trade. In many countries, there are no leverage restrictions in place. This means that the forex trading app can offer any amount of its choosing. Libertex, for example, offers leverage of up to 1:999. At XTB, leverage of up to 1:500 is offered to eligible clients. Let’s look at a simplified example of how leverage works in forex: In addition to lot sizes, you also need to consider minimum deposit requirements. This is the minimum amount you need to add to your account before you can start trading. If you’re on a budget, XTB and Pepperstone don’t have a minimum deposit requirement. However, you’ll need to deposit enough to cover the minimum trade requirement. As we’ve established, that’s usually 0.01 lots.
Some forex trading apps have a high minimum deposit requirement when certain payment methods are used. IG requires $450 when using a debit/credit card. At Capital.com, $250 is required to make a bank transfer. Don’t forget about withdrawals either. Some brokers have a minimum withdrawal requirement, so you won’t be able to cash out if your balance is below this figure. While some forex trading apps offer one account type, some have several to choose from. Some brokers also offer DMA (Direct Market Access) accounts. This gives you access to the same forex spreads as banks and other financial institutions. If you’re a complete beginner trading small amounts, a commission-free account will suffice. Conversely, professional trades will be more suited for a zero-spread account with flat commissions. It’s best to start off with a demo account before trading forex with real money. This enables you to practice with paper funds. You can get used to forex pricing charts, pair types, technical indicators, and placing orders. It’s wise to stay in demo mode until you have mastered a forex trading strategy. You can reassess your performance frequently by looking at your historical trades and overall return on investment. Demo accounts offer a free and safe way to practice trading without risking any of your own money. They also allow you to try out different apps to find the best foreign exchange app for your unique needs. Let’s take a look at some of the differences: The best investment apps offer a seamless user experience. You should be able to buy and sell currency pairs without being hindered by a small screen.
The app should also offer a smooth experience when performing research and analysis. For example, deploying technical indicators and chart drawing tools. This is why demo accounts are so important – they allow you to test the user-friendliness of the trading app before making a commitment.
iPhone users have access to a wide range of forex trading apps specifically designed for iOS. For example, eToro offers a highly customizable mobile app packed with indicators, drawing tools, news, and analysis and is available on the Apple Store. Android users will also be able to choose from a diverse selection of mobile forex trading apps. eToro is also available for Android users. Another forex Android app, AvaTradeGO, is aimed at intermediate to advanced traders, and it comes packed with technical analysis features. This includes indicators, drawing tools, and customized charts Top forex trading platforms usually offer an in-built customer support feature. This allows you to connect with a support agent without leaving the app. In most cases, customer service is available 24/5. We prefer trading apps that have a fast response time. This means being connected to an agent in 1-2 minutes. Be wary of trading apps that only offer email support; you won’t be able to receive assistance quickly. The process of downloading and using a forex trading app will vary from platform to platform. However, the general process should follow the same basic steps. Open the App Store on your iOS device or the Google Play Store on your Android device. In the search bar, enter the name of the and search for the official trading app. Select it and tap “Install.” Once the download and installation are complete, open the app. Then, log in with your existing account credentials or create a new account by following the registration process. To trade forex, you will usually need to verify your identity. This depends on your country of residence, but most countries require KYC (Know Your Customer) verification. This will require you to submit proof of identity and address. KYC can take anywhere from a few minutes to a few days. Take some time to explore the various features and functionalities of the app. If there is a demo account, this is a good place to try out trades risk-free. Now, you can start trading forex and other financial instruments. Use the app’s features to research, analyze, and execute trades based on your trading strategy and preferences. After ranking the best forex trading apps for 2024, eToro comes out as a clear winner. This is a popular forex broker that offers over 5 forex pairs with tight spreads, starting from 1.0 pips on EUR/USD.
76% of retail CFD accounts lose money – your capital is at risk.The Top Forex Apps Ranked
The Top Forex Apps Ranked
1. eToro – Forex Trading App with 55 Currency Pairs, Low Spreads, and Copy Trading
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
55
From 1.0 pip
1:30
Liquidity Provider for its CFDs and a Market Maker
Proprietary
(dependent on geo)
Yes (Stocks and crypto, Forex is unavailable for US users)
2. Plus500 – Trade 13 Futures Forex Low Commissions
No. Forex Futures
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
Accepts US Clients?
13
No spread on the futures platform
depends on the margin
multi-asset
Web Trader and mobile apps
$100
Yes, but only for the Plus500 Futures accounts
3. XTB – Commission-Free Forex Trading App Supporting Dozens of Currency Pairs
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
48
0.1 pip
1:500
Market Maker
Proprietary
No minimum
No
4. AvaTrade – Optimized Forex Trading App With Charts and Analysis Tools
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
53
0.9 pip
1:400
Market Maker
Proprietary, MT4, MT5
$100
No
5. PrimeXBT: Offers commission-free Forex Trading With up to 1000x Leverage
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
47
0% commission on all markets. EUR/USD around 0.6 pips
Up to 1,000:1
STP broker
WebTrader and App
$1
No
6. Libertex – Tight Forex Spreads From 0.2 Pips and 0% Commission on All Markets
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
50
0.2 pip
1:999
Market Maker
Proprietary, MT4, MT5
$10
No
7. Pepperstone – Choose From 0% Commission or Zero-Spread Forex Accounts
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
60+
0.7 pips (standard account). 0.0 pips (razor account)
1:30
ECN and Market Maker (execution depends on account type)
MT4, MT5, cTrader
No minimum
No
8. Skilling – User-Friendly Forex Trading App With Commission-Free and Premium Accounts
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
73
0.8 pips (standard account). 0.1 pips (premium account)
1:30
Market Maker
Proprietary, MT4, cTrader
€100 (standard account). €5,000 (premium account)
No
9. Trade Nation – Trade Major Forex Pairs Commission-Free With a Minimum Spread of 0.3 Pips
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
Not stated
0.3 pip
1:200
Market Maker
Proprietary, MT4
No minimum
No
10. Admirals – Popular Forex Broker With a Sleek Mobile App and Over 8,000 CFDs to Trade
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
80+
From 0.6 pip
1:500
Liquidity Provider for its CFDs and a Market Maker
Proprietary
$25
No
11. IG – US-Friendly Forex Broker With 0% Commission on 80+ Pairs
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
80+
0.8 pips
1:50 for US clients
Dealer and counterparty for foreign exchange contracts in the US
Proprietary, MT4
No minimum on bank wires. Debit/credit card payments require at least $450.
Yes
12. Capital.com – Trade 125 Forex Pairs at 0% Commission [Minimum Spread of 0.6 Pips]
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
125
0.6 pip
1:200
Market Maker
Proprietary, MT4, TradingView
$20
No
13. Forex.com – Established and Regulated Forex Trading App That Accepts US Clients
No. Forex Pairs
Min. EUR/USD Spread
Max. Leverage
Broker Type
Platforms
Min. Deposit
80+
Depends on the account type. DMA accounts start from 0.0 pips.
1:50 for US clients
ECN, STP, and Market Maker (execution depends on account type)
Proprietary, MT4, MT5
$100
Yes
What are Forex Trading Apps?
Forex Trading App Features
Easiest Forex Trading App for Beginners
Our Methodology When Rating the Best Forex Trading Apps
How to Pick a Forex Trading App
Regulation and Client Safety
Range of Currency Pairs
What is the Best Forex Pair to Trade?
Commissions and Spreads
Payment Methods
Tools & Analysis
Leverage
An Example of How Forex Leverage Works?
Minimum Deposit
Account Types
Demo Account
Demo Account vs Real Money
Demo Account
Real Account
Purpose
Practice trading
Engage in live trading
Capital
Virtual funds
Your real funds
Fees
None or simulated
Fees apply
Risk
None
Actual financial risk
Verification
None
Usually requires some form of verification
Support
Usually has some form of guidance
General customer support
Outcome
No impact on your finances or market
Will result in losses or gains
Mobile Experience
Forex Trading Apps for iPhone
Forex Trading Apps for Android
Customer Service
How to Download and Install a Forex Trading App
Step 1: Head to the App Store or Google Play Store
Step 2: Search for and Download Your Chosen Forex Trading App
Step 3: Login or Create an Account
Step 4: Verify Your Account
Step 5: Familiarize Yourself with the App
Step 6: Start Trading
Conclusion
References
FAQs
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