best forex trading app for iOS and Android: Top 5 trading apps review

March 5, 2021
forex trading app
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Investing in the stock market is an important piece of the financial planning puzzle for nearly everyone. It’s a great way to prepare for retirement or just to earn some extra income. Technology has made it easy for anyone to start investing online.

While a downturn in the market may seem like a big step, especially for novice investors, technology has made it very easy to keep up with specific stocks and the market in general. Besides a number of financial websites, you can easily monitor the market on your smartphone or tablet using the appropriate applications.

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The best forex trading apps

When it comes to choosing a trading application, the best choice will be an application that can meet your unique needs and business goals at all times.

We have ranked the best trading apps based on fees, tradable assets, regulation, interface, and security.

Whether you are looking for an Android or iOs app for forex, crypto, or stock trading, the following apps will give you the solution.

Please note: Trading is a risky activity. You can lose your capital in part or in whole. We recommend that you only invest in financial products that match your knowledge and experience.

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1. Plus500: the widest choice of CFDs on the market

Easy to use, Plus500 is one of the best online CFD trading apps. Trading stocks, currencies, commodities, options and cryptocurrencies through this app has never been so easy. With an elegant interface, price alerts, technical indicators and real-time market prices on popular stocks, it gives you access to everything you need to invest from your mobile. It allows you to set limits and stops to protect your stock trading positions.

This platform specializes in the exchange of currencies and the sale of Contract for Difference (to learn more about the principle of CFDs you can click here). Area considered risky (90% of CFD clients end up in the negative), CFDs can nevertheless have much higher returns than so-called classic trading, provided you have a tool that allows you to limit your risks.

By offering nearly 2000 different CFDs, 33 currency pairs and very competitive spreads compared to other CFD brokers, Plus500 provides you with the optimal forex trading application to get you started in the arena … and quickly (count a day to create an account and be able to start trading). Note: the platform does not allow scalping, so if you plan to trade every 2 minutes, take another broker!

2. eToro: Best forex trading broker for beginners

Founded in 2007 and based in Cyprus, eToro is a successful CySEC, FCA and ASIC regulated forex broker with over 10 million clients internationally.

eToro offers the most user-friendly platform for forex trading. Their copy copy technology allows newbies to copy successful forex traders across the network and benefit from their knowledge, as well as share trading tips and strategies.

In addition to a wide range of financial products, their platform offers 47 currency pairs for trading with low spreads and no deposit fees.

3. Libertex: Forex trading without spreads

Libertex broker is a forex broker that has been around since 1997 and currently serves over 2.2 million clients in 11 different countries and offers 49 split pairs.

Libertex only charges commissions on transactions: no spreads are charged on transactions, which is an industry first. Commissions vary from asset to asset and also vary over the course of a transaction. For the EUR USD split pair for example, the commission is around 0.008%.

The leverage rate on Libertex is a maximum of 1:30. The broker also offers a user-friendly platform that works well on mobile as well as a number of technical analysis tools, financial products and quick withdrawals. However, note that MT4 and MT5 are not supported on this platform and there are fees for some deposit and withdrawal methods.

4. Capital.com: forex broker with 68 pairs of divided

The Capital.com platform is a UK-based forex broker offering 68 currency pairs with competitive spreads and a single platform. Capital.com was founded in 2016 and has over 300,000 clients, operating in 50 countries. This platform offers leverage of up to 1: 200 depending on the type of account and is well regulated by the FCA and CySEC.

Capital.com offers a fantastic mobile forex trading platform and spreads from 0.6 pips on major currency pairs like EURUSD, very affordable spreads.

Capital.com also has fantastic educational resources, ranging from technical analysis tools to instructional guides. However, please note that Capital.com does not offer MT4.

5. AvaTrade (Ex AVA FX): a serious forex broker with advanced tools

AvaTrade is an international forex broker which was founded in 2006 and is one of the most reputable platforms in the world.

The broker offers more than 50 split pairs, a fantastic trading platform with MT4 and MT5 available, financial products and a mobile application available for iOS and Android. Spreads start from 0.7 pips on the major currency pairs. The minimum capital to start is only € 100.

However, note that Avatrade offers high idle fees especially for the EURUSD pair.

6.  UFX: Access award-winning “MassInsights” technology

UFX is a CySEC regulated forex broker that offers a unique platform, ParagonEx, alongside MT4 to give traders the best possible experience.

This broker offers fixed spreads on all its types of accounts, 68 pairs of divides, a range of financial products and low transaction costs.

However, the spreads are quite high, especially on mini accounts. In addition, there are no variable spread accounts.

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What’s the best forex trading app for beginners?

Mobile applications are useful for most aspects of business and personal life as well, in the world of trading you may be unfamiliar with all the updates and developments of the financial markets, and this may lead you to some mistakes that may make wrong fateful decisions, if you then use an application or two of the Android applications for trading. Forex, the matter will be different, because it helps you in trading by analyzing the market quickly, then sending notifications to you, and it can also perform actual trading operations.

Forex applications come for smartphones of all shapes and sizes, each of which brings new advantages that make you depend on them, there are many free applications while others are paid, and here are the five best Android applications of value for Forex traders:

1. Google News app

Google News and Google Now are among the most important applications that are used to find out market news and they work in the same way, as it tracks searches and your interests and then gives you news articles related to those interests. Google News is one of the newer mobile news apps that focuses only on news and its developments. Google News and Google Now is well suited for those who need news all day long. Google News’s simple approach to presenting news makes its users indispensable to follow it.

2. Evernote app

When it comes to taking notes and keeping them there is no better application than Evernote, it is an application for personal organization and it is also a source for knowing how good the personal trades are, this application is designed in a way that provides an ideal environment to create a journal for foreign currency trading, and the application allows its users all kinds of information In it and personalize your trading experience.

Evernote application contains a wide range of tools that allow to modify and save different types of data sources, which gives you the ability to analyze and forecast the market well. Evernote is the ideal companion that allows traders to track the market in a very convenient way.

3.  Teletrader app

The Teletrader app provides all your US and global market information needs in an innovative and modern way. The app also provides live quotes, real-time charts, a stock analyzer, a currency converter and more.

The Teletrader app has an extensive portfolio of high-quality tools for processing, visualizing and analyzing trading data, and also provides corporate news and market analysis through partnerships with many popular data vendors.

4.  Google Play Books app

The Google Play Books application offers a wide range of books with new and best-selling releases, where you can read or download books on trading, its concepts, how to trade and determine the appropriate strategies for trading for free, as the application is filled with many valuable books that help you in trading.

The application features online or offline reading where files can be downloaded from the application. You can also buy some books by reading a summary of them and knowing their ratings and reviews by other readers.

5. easyMarkets

EasyMarkets is an easy and enjoyable application for trading, as easyMarkets provides an intuitive and powerful trading platform that has all the trading elements that suit all types of traders, and you can access all financial markets anywhere where the Internet is found, and the application provides easy access to market news and direct prices.

EasyMarkets forex app offers multiple trading methods to suit your goals and strategy including:

  • Simple Trading: It offers an easy and simple way to trade without margin with a zero spread, and has limited risk.
  • Day Trading: You can choose between more than 150 markets, losing trades can be canceled within an hour by using the order cancel deal.

The application allows the use of risk management tools, market analysis, economic calendar, and a wide range of charts, and the application is also available in several languages.

How to choose a trading application?

Here are some helpful tips for choosing a trading app:

  • Friendliness

The mobile trading application should be easy to use. It should have a user-friendly interface, which you can use easily. Functions and tabs must be self-explanatory. Overall, the application should be such that you can master it in a matter of minutes, even if you are using it for the first time.

By far the most beginner-friendly mobile platform on this list is eToro, which offers useful CopyTrading technology to help you invest in forex, stocks and more by copying successful traders to the platform. eToro also offers a social trading platform that allows newbies to ask for advice and share tips and strategies.

  • Speed

This is another crucial requirement. The mobile trading application should execute the trade instantly because any delay (even a second) could reduce your win, or even cause a loss. It is therefore necessary that there is no delay or long loading.

All of the platforms on this list offer fast trade execution and a bug-free platform with no delays where you can step in really quickly whenever your position needs it.

  • Graphics and quotes

A trading application is not very useful if it just allows you to trade. It should also be a trading aid application. The application should have charts, real-time quotes, alerts and other necessary tools to help you formulate a trading strategy.

The most advanced mobile trading platform is Avatrade where you can perform fundamental or technical analysis easily from their platform.

Interactive Brokers’ mobile app also offers fantastic research content, great charts and a wide selection of technical indicators.

  • Possibility of customization

Few trading apps offer it, but it’s something that matters a lot to a trader. Each trader has their own way of working, that is, they can prioritize certain charts and indicators.

  • Safety and regulation

A question we often get is: are trading apps safe? The answer to that is yes, as long as you are using a regulated and licensed platform in your country.

When choosing a mobile trading platform, it is essential that you ensure that your platform of choice is regulated by a strong and credible regulator.

The most highly regulated brokers on our comparative list are eToro and Avatrade. eToro is regulated by the FCA, CySEC and ASIC and AVatrade is regulated by CBoI, ASIC, FSA and FSCA.

  • Fees and commissions

If you are looking for a mobile trading platform, this probably means that you want to trade fairly frequently and open multiple trades per day or per week.

If this is the case, you should avoid platforms with high fees and consider platform fees such as spread, night fees, trading fees and inactivity fees. The cheapest platforms for investing in stocks are eToro and Robinhood which offer 0% commission on stock purchases.

When it comes to a cheap mobile crypto trading platform, give Binance a try. For forex, Markets.com is a good choice, where forex trading starts at 0.6 pips on major currency pairs like EUR / USD.

  • Diversity of investments

If you are looking to diversify your investment portfolio by adopting a multi-asset strategy, look for a broker who offers access to a full range of investment products and markets.

Plus500 is a great option for investors interested in multiple assets and financial markets. This broker offers CFDs on more than 2,000 financial instruments, including stocks, Forex, indices, cryptocurrencies, commodities, ETFs and options. eToro is also a great choice and offers hundreds of different financial assets to trade including commodities, crypto-assets, stocks, currencies, indices and ETFs.

Best Stock Market Simulator Apps for Android and IOS

1. Stock Trainer: Virtual Trading

Stock Trainer Virtual Trading is one of our favorite Android apps that I have used extensively to get a feel for stock trading without really burning my pocket. The best thing about Stock Trainer is that it supports 20 different global stock markets including but not limited to USA, UK, India, Singapore, France, Germany, etc. Plus, it gets real-time stock market data on real markets. This means that although it is a simple simulator, every bit of data you see on the screen is real stock market data.

When you install the app for the first time, it will net you $ 20,000. You can use this money to buy and sell any stocks you want in any country or stock market. You can enable or disable countries from the app settings page. The app also has a built-in magazine with real-time news so you can predict stock market movements and make buy or sell decisions when needed.

Price: The app is free and contains advertisements. You can remove the ads through in-app purchases.

2. Best brokers: Stock Simulator

Best Brokers: Stock Simulator is one of the powerful apps which allows you to easily immerse yourself in the world of stock trading. You start out with $ 25,000 which can be used to buy and sell over 50,000 stocks in real time. Besides common stocks, you can also search for ETFs (exchange traded funds), funds, bonds and digital currencies like Bitcoin and Litecoin etc. The app also contains powerful tools like order orders and limits to simulate stock transactions.

In your simulated portfolio, the app displays weekly and monthly charts so that you have a better understanding of your overall trading performance. The wallet can also track and view all order history

Mostly, you can contact your friends to compete and exchange messages. If you’re really into it, you can even move up the rankings with your stock trading skills. As a bonus, the user interface is distinct and transparent.

Price: The app is free and contains advertisements. You can remove the ads through in-app purchases.

3. BoneApps: stock market game

BoneApps Stock Exchange is another great stock market simulator app for Android that makes it easy to learn how to trade with real-time data and stocks. One of the cool things about this app is that it simulates large-scale world events so you can get a feel for stock market fluctuations and when to buy and sell your stocks. In fact, the app combines several events and creates complex situations that you can trade-off. All of this makes you seem strategically independent, at least in-game, when it comes to stock trading.

There is also a settlement system that helps you question your experience and strategy of buying and selling various stocks.

Some of the best things about the app are not registering on a stock market simulator, no internet connection required, leaderboards to compete against other players online, etc. All in all, if you are looking for a game that simulates the complex reality of global events affecting daily stock trading, give it a try and see how it works for you.

Price: The app is free and contains advertisements. You can remove the ads through an in-app purchase.

4. Investing Game – Forex 4 Beginners

Investing Game is a simple, compact, and beautifully designed app that lets you dip your fingers into stocks and Forex trading. The particularity of the application is that it explains everything in a simple and complete way.

The app uses real and real-time market data to simulate the virtual market built into the app. As you learn to trade by buying and selling stocks, the app will also teach you various things to better manage and manage stock transactions. This makes it easier when you want to experience real real-world trading with real money.

Your portfolio is displayed right on the home screen with beautiful graphs and much-needed information. Along with trading common stocks, you can also learn more about buying and selling cryptocurrency. With cryptocurrency value increasing day by day, this is very beneficial. The app also has an achievement system that rewards all of your business and learning efforts.

Price: Investing Game is a completely free app however the Android version contains ads.

5. Forex & Stock Market Investing

Forex & Stock Market Investing is one of the most popular and highly valued applications that allow you to trade not only in stocks but also trade and invest in oil, foreign exchange, forex, and gold. Just like the apps mentioned above, Forex & Stock Market Investing uses real and real stock data to simulate trading. What makes this app special is that it can simulate different world events and show where and how you can take advantage of opportunities to progress effectively through the trading forest. The app also teaches how to effectively search and detect market fluctuations so you can better manage your stock portfolio.

Compared to other apps, one thing I like about this app is that instead of giving you virtual money right away, it makes you learn the basics of stock trading and answer some questions. Only after you have $ 1000 in your account are you eligible to trade stocks and other instruments. The more you learn the more money you will have in your account. Although this method sounds a bit powerful, it is a very good idea to make sure you know at least the basics before you start trading stocks.

Price: The app is free and contains no ads.

6. The Game of Stocks

The name says it all, doesn’t it? The Game of Stocks is made specifically for the US Stock Market where you can trade with various US-listed stocks. The app pulls data from the real stock market and gives you $ 22,000 to start your trading adventure. Just like in the real markets, the app supports a wide variety of order types and you can only trade before the markets close.

The Game of Stocks takes a “hands-off” approach, meaning it gives you money and lets you learn through trial and error. It does not particularly teach you the tricks or ins and outs of a trade war. However, when you are really interested in trading, you can always do some research on the internet to find out more. After all, you are not dealing with real money. So, you can try whatever you want without the fear of losing. Price: The app is free and contains ads.

Article Categories:
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