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ForexBrokers.com menuclose * Guides * Best Forex Brokers 2023 Best Forex Brokers for Beginners Best Forex Trading Apps Best Copy Trading Platforms Best Zero Spread Brokers * Best MetaTrader Brokers Best Bitcoin Brokers Best Mac Forex Trading Platforms International Currency Trading All Guides arrow_right_alt * Reviews * IG CMC Markets FOREX.com XTB FP Markets * Plus500 AvaTrade BlackBull Markets Tickmill All Reviewsarrow_right_alt * Compare * IC Markets vs Pepperstone CMC Markets vs IG eToro vs XTB eToro vs Plus500 Forex.com vs IG * Forex.com vs Oanda Saxo Bank vs Interactive Brokers Plus500 vs Trading 212 FP Markets vs IC Markets Compare Brokersarrow_right_alt * Countries * 🇮🇳 India 🇿🇦 South Africa 🇲🇾 Malaysia 🇨🇦 Canada * 🇬🇧 UK 🇺🇸 United States 🇵🇠Philippines All Countries arrow_right_alt * Resources * About Annual Awards How We Test How We Make Money Media Trust Score Why Trust Us * ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money Home Forex Guides Directory BEST FOREX TRADING APPS FOR 2023 Written by Steven Hatzakis, Blain Reinkensmeyer Edited by John Bringans Fact-checked by Joey Shadeck February 07, 2023 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail CFD accounts lose money. 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. Here's how we test. 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 2023. 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. Competition remains fierce among trading apps, and it was a tight race for the best-in-class winners. All testing was conducted using a Samsung Galaxy S9+ (Android). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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. BEST FOREX TRADING APPS Based on 13 different variables, here are the brokers that offer the best forex trading apps. * Saxo Bank - SaxoTraderGO mobile app, MetaTrader mobile * IG - IG Trading app, MetaTrader mobile * CMC Markets - Next Generation mobile, MetaTrader mobile * TD Ameritrade - thinkorswim app * Interactive Brokers - IMPACT app, IBKR mobile app * City Index - City Index mobile, MetaTrader mobile * FOREX.com - FOREX.com mobile, MetaTrader mobile 5.0 Overall Summary Review Pros/Cons SaxoTraderGO mobile app, MetaTrader mobile Minimum Deposit€2,000 Trust Score99 Tradeable Symbols (Total)60000 Saxo Bank’s SaxoTraderGO mobile app boasts an impressive, intelligent design, coupled with an abundance of useful information that makes it easy for traders to make clear-headed decisions when assessing markets and managing trading positions. Read full review Pros * Flagship platform is top of the line * Over 40,000 tradeable instruments * Excellent customer service Cons * High minimum deposit Visit Site open_in_new 182 forex pairs from just 0.4 pips (64% of retail CFD accounts lose money) 5.0 Overall Summary Review Pros/Cons IG Trading app, MetaTrader mobile Minimum Deposit£250.00 Trust Score99 Tradeable Symbols (Total)19537 IG offers an impressive suite of proprietary mobile apps, led by its flagship IG Trading app (also known as IG Forex), which boasts a well-designed layout teeming with features such as alerts, sentiment readings, and highly advanced charts. Read full review Pros * Outstanding platforms and tools * Over 19,000 tradeable instruments * Competitive pricing Cons * No predefined layouts on the flagship web platform * Limited product range on MT4 Visit Site open_in_new Join 239,000+ traders worldwide. (77% of retail CFD accounts lose money) 5.0 Overall Summary Review Pros/Cons Next Generation mobile, MetaTrader mobile Minimum Deposit$0 Trust Score99 Tradeable Symbols (Total)12377 CMC Markets' mobile app is cleanly designed and comes packed with research tools, powerful charts, predefined watchlists, integrated news and educational content, and much more. Bottom line: CMC Markets delivers a terrific mobile app experience. Read full review Pros * Low trading costs * Excellent web and mobile platforms * Robust research materials Cons * Educational offering could be improved Visit Site open_in_new Eröffnen Sie jetzt ein Live-Konto. (78% der Kleinanlegerkonten verlieren Geld) 5.0 Overall Summary Review Pros/Cons thinkorswim app Minimum Deposit$0 Trust Score99 Tradeable Symbols (Total)0 TD Ameritrade’s thinkorswim mobile app comes packed with powerful tools nested in an intelligent layout that puts the user in control. There are complex order types for forex trading, over 70 tradeable currency pairs, and advanced charting. Read full review Pros * Outstanding platform in thinkorswim * Thorough research offerings * Excellent educational materials Cons * Does not offer copy trading * Forex pricing is slightly higher than industry average 5.0 Overall Summary Review Pros/Cons IMPACT app, IBKR mobile app Minimum Deposit$0 Trust Score99 Tradeable Symbols (Total)8500 Interactive Brokers’ innovative IMPACT app is a great choice for stocks and crypto, and its highly rated IBRK mobile app is excellent for trading forex and CFDs. The IBKR app is rich with features, many of which mirror what’s available on the web platform. Read full review Pros * Robust platform for professional traders * Wide range of global markets * Thorough research offering Cons * Trader Workstation platform is likely too complicated for inexperienced traders 5.0 Overall Summary Review Pros/Cons City Index mobile, MetaTrader mobile Minimum Deposit£100.00 Trust Score99 Tradeable Symbols (Total)13500 City Index is a trusted brand that offers diverse market research and an impressive range of tradeable markets – albeit with average pricing. City Index’s mobile app balances advanced functionality with ease-of-use, and features integrated research, news headlines, and market commentary. Read full review Pros * Excellent platforms and mobile app * Extensive range of markets * High-quality market research Cons * Pricing is average for the industry * Limited product range on MT4 5.0 Overall Summary Review Pros/Cons FOREX.com mobile, MetaTrader mobile Minimum Deposit$100 Trust Score99 Tradeable Symbols (Total)5500 FOREX.com’s proprietary mobile app offers a fluid user interface and a minimalist design that makes trading and managing positions a breeze, and features a host of powerful tools and useful market research. Read full review Pros * Multiple high-quality platforms * Excellent market research * Wide range of markets Cons * Only about 600 instruments are available on the MT5 platform, compared to over 4,500 on non-MetaTrader platforms BEST FOREX TRADING APPS COMPARISON Using our forex brokers comparison tool, here's a summary of the features offered by the best forex trading apps. Feature IG Saxo Bank CMC Markets TD Ameritrade City Index Android App Yes Yes Yes Yes Yes Apple iOS App Yes Yes Yes Yes Yes Mobile Alerts - Basic Fields Yes Yes Yes Yes Yes Watchlists - Total Fields 14 62 9 564 11 Watchlist Syncing Yes Yes Yes Yes Yes Charting - Indicators / Studies (Total) 33 62 84 360 88 Charting - Drawing Tools (Total) 20 20 40 23 81 Mobile Charting - Draw Trendlines Yes Yes Yes Yes Yes Mobile Charting - Multiple Time Frames Yes Yes Yes Yes Yes Economic Calendar Yes Yes Yes Yes Yes Comparison Tool: Compare 50+ features side-by-side HOW TO COMPARE THE BEST FOREX TRADING APPS When choosing a new forex broker account for online trading, consider these five areas of the trading experience: 1. Trust (regulatory status): You want a broker that you can trust, above all else. Therefore, your broker should have a high trust factor. For example, any broker that holds multiple top-tier regulatory licenses and thus is regulated in the U.S., U.K., Australia, Singapore, Canada, Hong Kong, Japan, or Switzerland, will have a higher Trust Score on ForexBrokers.com. 2. Trading platforms: Our research finds that most proprietary platforms are superior to third-party software like MetaTrader. Either way, be sure to select the trading platform that meets your needs across devices, whether that's on the web, your desktop, or with a mobile trading app. 3. Trading tools: When I evaluate the research content, trading tools, and educational materials available from brokers, I expect them to be rich with features and easy to use. The more comprehensive each category is within the mobile app you choose, the better off you will be in maximizing trading opportunities. 4. Tradeable markets: Consider the total available markets and the number of instruments that are available for you to trade at a given broker. For example, one broker may offer a small selection of currency pairs but a vast array of CFDs on other markets like stocks, commodities, futures, cryptocurrency, and other asset classes. Conversely, maybe you want to trade some exotic currencies and want a broker with a larger selection of forex pairs. 5. Demo accounts: Opening a free demo account allows you to learn the ins and outs of a trading app, like test-driving a car before you buy it. You get to use the virtual account across all supported devices, such as web, desktop, and mobile. If the platform meets your needs, then you can fund a live account. Some traders also use demo accounts to test various trading strategies before trying them out with real funds. CAN YOU TRADE FOREX ON YOUR PHONE? Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install forex trading apps on your phone. After opening the app, you can log in to your forex account and begin trading from your phone. If you are interested in trading CFDs, there is a range of great mobile options available from some of the top brokers in the industry. Check out our guide to the Best CFD Brokers and Trading Platforms to learn more about CFDs (and to check out our picks for the best CFD brokers). DOES FOREX HAVE AN OFFICIAL APP? 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. Read more on Wikipedia. Many trustworthy forex brokers do offer mobile apps for trading. There is a wide selection available, including apps that are developed by brokers in-house, as well as apps from third-party developers. To avoid scams, you should only use regulated banks and brokers that are properly licensed to offer forex trading services in your country of residence. For example, if you live in the U.K., check the Financial Conduct Authority (FCA) to verify a broker is regulated. Note: If you're looking specifically for the broker FOREX.com, it offers both a proprietary app, called FOREX.com mobile, and the popular MetaTrader 4 (MT4) app. Read our full-length review of FOREX.com, or check out our MetaTrader guide. WHAT IS THE BEST FOREX TRADING APP? Saxo Bank is our top pick for the best overall forex trading app experience. Saxo Bank’s SaxoTraderGO app is intelligently designed and fits into a unified platform experience across devices by closely mirroring its highly-rated web platform counterpart. Read more about Saxo Bank’s mobile suite in our full-length Saxo Bank review. zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in Check out a gallery of screenshots from Saxo Bank's SaxoTraderGO app, taken by our research team during our product testing. Our testing found that IG offers the best smartphone app — IG Trading — for forex trading in 2023. IG is regulated globally, and its IG Trading app provides access to a variety of quality trading tools alongside multiple news sources for researching trading opportunities. Charting on the IG Trading app is also rich with features. Check out our full-length review of IG to learn more about IG’s suite of mobile apps. zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in zoom_in This gallery of screenshots was taken by our research team while testing IG's highly-rated mobile trading app. WHAT'S THE BEST FOREX TRADING APP FOR BEGINNERS? The IG Trading app is an excellent choice for beginners, due to its range of tools, integrated content, and the ability to access educational material from IG Academy and DailyFx (it even has a standalone mobile app for education). IG is a leader in education, making its IG Trading mobile app the best forex trading app for beginners in 2023. As an alternative, Plus500's easy-to-navigate app provides the essentials for trading, and makes viewing available markets a breeze. That said, just because an app is easy to use doesn't mean it is easy to make money. schoolForex trading for beginners New to trading forex? Check out our guide to trading forex for beginners here. We'll help you pick a forex broker that's great for beginners, and go over some of the forex fundamentals to help jumpstart your forex education. WHICH TRADING APP IS MOST PROFITABLE? No single mobile trading app can claim to be more profitable than another, because profitability is determined by the outcome of the individual trading decisions you make (regardless of the app you use). That said, it does potentially increase your probability of success when you have access to the latest trading tools and cutting-edge software. That's why many of the most successful traders only use the most trusted brokers — who also happen to have excellent mobile apps. Here are our picks for the top mobile trading apps in 2023: * Saxo Bank - SaxoTraderGO app * IG - IG Trading app * CMC Markets - NextGeneration app * TD Ameritrade - thinkorswim app * City Index - City Index mobile app * FOREX.com - FOREX.com app * OANDA - fxTrade app DOES METATRADER HAVE AN APP? The MetaTrader platform suite — available for mobile — is developed by MetaQuotes Software Corporation and is the most widely used app for trading CFDs, forex, shares, and other asset classes. There are two versions of the MetaTrader app for both Android and Apple iOS devices — including the MetaTrader 4 (MT4) app as well as the newer MetaTrader 5 (MT5) app, which continues to gain adoption. Learn more about MetaTrader 5 (and find a great forex broker that offers MT5) by checking out our full MetaTrader 5 guide. Take a quick look at the MetaTrader 5 Mobile Trading app interface with our video walkthrough: Note: MetaTrader has been removed from the Apple App store and is currently unavailable for iOS. 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 Bank and IG. CAN I TEACH MYSELF FOREX TRADING? Yes, and you shouldn't pay for any courses as there is plenty of high-quality free education available directly from most online brokers, as well as third-party websites (our favorite is BabyPips). However, forex trading is not easy — the majority of traders lose money. To be successful in trading forex, you must learn how to manage risk properly, depending on your goals and the strategy you choose to follow or develop. First, open a free demo account and trade using fake money to learn how the trading platform software works. directions_runPro tip: To make money trading forex, work towards keeping your average losers small (relative to your average winners). This old adage says it best: "Cut your losers short and let your winners run." CAN YOU GET RICH BY TRADING FOREX? While only a select few will reach elite trader status and turn over billions of dollars in trading volume, there are many successful traders who make money from trading forex and CFDs. While it's important to remember that the majority of traders — some 65% to 82% — lose money, that does mean that anywhere from 18% to as much as 35% of traders were able to make money during that same time. "Getting rich" or increasing your wealth has more to do with the consistency of your trading results and the size of your account. The key to building wealth while trading forex is to keep your average losses low, relative to your average profits. savingsRemember: There is no get-rich-quick scheme for trading forex, and it isn't a way to make fast money unless you take extreme risks and bank on luck — which is more akin to gambling than investing. HOW DO I START TRADING FOREX WITH $100? To trade forex with just $100, you will need to trade micro lot contracts (1,000 units of currency), which are offered by most brokers. First, compare forex brokers that are regulated in your country of residence. Next, apply for a new account, fund, login, and fill out the order ticket to place your trade. Pro tip: Open a free demo (practice) account to learn how the trading platform works. You can test your strategy with the virtual balance (fake money) before placing any real trades using the $100 balance from your live account. Regardless of how much money you start trading with, you'll need a reliable method for sending a receiving funds to use a live forex trading account. One of the most popular methods for funding forex trading accounts is to use PayPal. You can read our full PayPal guide to check out the best forex brokers that accept PayPal, and to learn more about the benefits (and drawbacks) of using PayPal. Sponsored When comparing the brokers this is the winner. close TRADE ON +2500 CFDS WITH LEVERAGE Trade the world’s most popular markets and explore endless trading opportunities. Plus500 offers thousands of financial instruments, free real-time quotes, tight spreads, no commissions, and fast order execution. Visit Site FOREXBROKERS.COM 2023 OVERALL RANKINGS Now that you've seen our picks for the best mobile apps for forex trading, check out the ForexBrokers.com Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews. Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site IG 99 Visit Site Saxo Bank 99 Visit Site Interactive Brokers 99 CMC Markets 99 Visit Site TD Ameritrade 99 FOREX.com 99 City Index 99 XTB 95 Visit Site eToro 93 Visit Site Swissquote 99 AvaTrade 93 Visit Site FXCM 96 Visit Site Plus500 98 Visit Site Capital.com 77 Visit Site XM Group 90 Visit Site Pepperstone 93 OANDA 92 Admiral Markets 87 FP Markets 86 Visit Site Markets.com 98 IC Markets 86 Visit Site FxPro 90 Fineco Bank 92 Tickmill 82 Visit Site BlackBull Markets 74 Visit Site DooPrime 84 BDSwiss 83 TMGM 79 HFM 85 Visit Site FlowBank 77 Visit Site HYCM (Henyep) 86 Visit Site Vantage 83 Trading 212 77 Eightcap 87 Visit Site Trade Nation 83 Moneta Markets 71 ThinkMarkets 86 VT Markets 71 ACY Securities 75 Visit Site MultiBank 82 Visit Site easyMarkets 84 Visit Site RoboForex (RoboMarkets) 69 IronFX 84 Exness 74 Spreadex 70 Trade360 75 AxiTrader 83 GKFX 66 Vestle 79 OctaFX 67 FXOpen 80 TeleTrade 67 FXPrimus 69 Forex4you 62 LegacyFX 66 GBE brokers 69 Alpari 67 TopFX 67 Libertex (Forex Club) 72 ATFX 70 UFX 62 Xtrade 80 Tradeo 67 View More Was this helpful? Yes or No Submit Details POPULAR FOREX GUIDES * Best Forex Brokers * Best Forex Brokers for Beginners * Best Forex Brokers for Copy Trading * Best MetaTrader Brokers * Best Forex Trading Apps * Best Zero Spread Forex Brokers * Compare Forex Brokers METHODOLOGY At ForexBrokers.com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry. Mobile testing is conducted on modern devices that run the most up-to-date operating systems available: * For Apple, we use MacBook Pro laptops running macOS 12.5, and the iPhone XS running iOS 15. * For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test. FOREX RISK DISCLAIMER There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. ABOUT THE EDITORIAL TEAM Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Blain Reinkensmeyer Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. John Bringans John Bringans is the Senior Editor of ForexBrokers.com. 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. Joey Shadeck Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. 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. Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure. close navigate_before navigate_next * About * Why Trust Us * How We Test * Trust Score * Contact * * * * * * * © 2023 Reink Media Group LLC. All rights reserved. Terms of Use | Disclaimers | Privacy Policy Advertiser Disclosure: ForexBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here's how we make money:. Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information. © 2023 Reink Media Group LLC. All Rights Reserved. By using this website, you agree to our cookie policy and that we may use cookies for the best possible user experience Accept and Close