The Best Forex Trading Apps in 2021: Complete Guide
Are you a Forex trader looking for a reliable, feature-packed, and easy-to-use trading app? Look no further, we have done the legwork for you. In this article, we'll take a look at the best forex trading apps currently on the market.
What is a Forex Trading App?
In simple terms, a forex trading app is a mobile application that enables traders to access the foreign exchange market using their mobile devices. These apps are designed with user-friendliness in mind, combining advanced charting tools, analytical capabilities and trading features suitable for both beginners and experienced traders.
Advantages of Trading Forex Using Apps
Here are some of the advantages of using a forex trading app:
Forex trading apps offer the advantage of convenience and mobility. With a mobile app, you can show up for trades while on the go, without being tied down to your desktops/laptops.
Real-Time Market Information
Forex trading apps gives you access to real-time market information, which is crucial in making informed trading decisions.
The best forex trading apps offer a broad suite of trading tools, including advanced charting capabilities, technical indicators, and risk management features.
Notifications and Alerts
Top Forex trading apps come with notification and alert systems that help to keep you informed of important market events.
Best Forex Trading Apps
Here are our top Forex trading apps that comes with a range of features and trading tools suitable for both casual and professional traders.
1. MetaTrader 4/5
MetaTrader is arguably the most popular trading platform. The app provides comprehensive access to real-time charting, technical analysis, as well as EAs that automate the trading process.
- Over 30 technical indicators and graphical objects
- Automated trading capabilities
- A user-friendly interface
- Custom chart selection options
- Lightning-fast execution
- Real-time quotes
- Access to trade history
eToro is one of the most popular trading apps. It is particularly popular among novice traders who are looking for a user-friendly app combined with a social trading platform.
- Social trading feature
- Live news feeds
- Copy trading system
- User-friendly interface
- Real-time price alerts
- Diverse portfolio investment options
3. IQ Option
IQ Option is a forex trading app that's highly regarded for its advanced trading features, low deposit requirements, and multiple instrument options.
- Advanced technical analysis tools
- Responsive customer service
- Low minimum deposits
- Secure and regulated
- Demos trading account options
- Fast and efficient platform
Plus500 is one of the most popular trading apps. The app provides users with an easy-to-use interface, along with advanced trading features and tools.
- Wide range of markets to trade
- Advanced technical analysis tools
- Easy-to-use interface
- Real-time trading market data
- Attractive trading fees
XTB is a European-based forex broker and trading app provider. XTB is an excellent choice for advanced traders who demand high-quality tools and features.
- Advanced charting tools
- Cutting-edge trading strategies
- Access to over 1,500 CFDs
- Real-time news feeds
- Efficient and reliable customer service
- Transparency and regulations
In conclusion, the forex trading market is massive and lucrative, and traders need to keep pace with the fast changing market trends. Forex trading apps provide the convenience and mobility to keep up with the market, and with the right combination of features, they can help traders to make informed trading decisions. We hope our article has given you a checklist of the features to look out for when selecting a forex trading app. You can't go wrong with our top five forex trading apps: MetaTrader 4/5, eToro, IQ Option, Plus500, and XTB.