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5 Best Forex Trading Apps in Europe for 2024

Searching for the top forex trading app in Europe? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Jitan Solanki
Reviewed By:
Ola Alder
Updated: Aug 25, 2024

List of Best Forex Trading Apps in Europe

Over 1,250 tradable instruments. Zero commission trading. AvaTradeGO, AvaOptions, AvaSocial, MT4 and MT5 mobile apps. Innovative risk management tools.

Seamless web and mobile app. Extensive Trading Academy. Zero commission trading. 24/7 customer support. *

Intuitive social and copy trading app. Over 3,500 tradable instruments. Click-of-a-button copy trading solutions. Extensive educational materials in eToro Academy.

Professional-grade trading platforms. Autochartist trading signals. In-depth market research from an in-house team. Over 40,000 tradable instruments.

Proprietary JForex platform 300+ technical indicators. High liquidity and fast execution. Comprehensive research tools. Swiss wealth management and banking accounts.

*82% of retail CFD accounts lose money.

How Did FXEmpire Select the Best Forex Apps in Europe?

Fx Methodology at a Glance

  • We verified each broker is licensed to provide services in Europe.
  • We ensured each broker offers a proprietary or third-party mobile app to access the forex market.
  • We checked that the apps are secure, reliable, and have a user-friendly interface.
  • We tested each app for its level of customizable features to tailor to individual preferences.
  • We explored each app’s different tools and features to check if they aid in trading decisions.
  • We checked the app offers account management, trading tickets, and customer support for an all-in-one experience.
  • We opened live trading accounts to examine the broker’s trading fees and competitiveness against the industry average.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s go through the selected brokers.

Best Overall

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

Established in 2006, AvaTrade is a multi-regulated broker that provides its services in Europe. Over 1,250 tradable instruments are available to trade commission-free from five mobile trading apps.

Trading App Features:

  • European Regulators & Max. Leverage: CBI (1:30)
  • Trading Apps: AvaTradeGO, AvaSocial, AvaOptions, MT5, and MT5
  • Operating System: Android and iOS
  • Available Tools: Copy trading, options contracts, AvaProtect, Guardian Angel
  • Security: 2-Factor Authentication
  • Demo Account: Yes

AvaTrade offers an excellent range of forex trading apps. Beginner traders will enjoy the user-friendliness of AvaTradeGO and the specialized app for social and copy trading app AvaSocial. Advanced traders can access forex options from the AvaSocial app, while the MT4/MT5 mobile apps can be synced to third-party copy trading plugins from ZuluTrade and DupliTrade.

The AvaProtect tool is available in AvaTradeGO and allows you to get your money back on losing trades – up to $1 million – by paying an upfront premium. The Guardian Angel tool for MT4/MT5 offers insights into your trading to help your risk management. Personally, I enjoy using the AvaOptions app as options contracts require no-stop losses, which are helpful in more volatile market conditions.

During our live fee test, I found the spread for EUR/USD averaged 0.9 pips during the London and New York trading sessions. Beating the industry average of 1.3 pips for a commission-free trading account and making AvaTrade a top broker to consider.

Pros
  • Selection of trading apps
  • Copy trading apps and plugins
  • Forex options app
  • Innovative risk management tools
Cons
  • 3 months inactivity fee of $50

Best for Beginners

CFD Service, 82% 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
  • Min Deposit
    $100
  • Tradable Instruments
    2047
  • Fees
    Medium

Established in 2008, Plus500 is listed on the London Stock Exchange. It offers over 2,800 leveraged financial CFD instruments to trade commission-free from an intuitive proprietary mobile app.

Trading App Features:

  • European Regulators & Max. Leverage: FCA (1:30), CySEC (1:30), FSA Estonia (1:30)
  • Trading Apps: Plus500 App
  • Operating System: Android and iOS
  • Available Tools: +Insights Sentiment
  • Security: 2-Factor Authentication
  • Demo Account: Yes

The Plus500 mobile app is a breeze to use. Forex, stocks, indices, options, commodities, and other CFD price charts are easy to view, with basic charting capabilities. The +Insights Sentiment tool reveals how many of Plus500’s clients are long or short in a market. This can be useful in helping to identify overbought or oversold markets susceptible to a reversal.

The Plus500 News and Markets Insights blog is a helpful resource for understanding more about current events in the financial markets. Regularly updated articles include The Week Ahead, Earnings Reports, and analysis of economic data releases. Several articles in the education section also cover the basics of CFDs and trading terminology.

Our live fee test revealed an average spread of 0.8 pips for EUR/USD. Beating the industry average of 1.3 pips for a commission-free trading account.

Pros
  • Intuitive trading app
  • Commission-free trading
  • Market news and analysis
  • Reliable 24/7 chat support
Cons
  • No telephone support

Best for Social Trading

51% of retail CFD accounts lose money.
  • Min Deposit
    $50
  • Tradable Instruments
    6030
  • Fees
    High

Established in 2007, eToro is the leader in social and copy trading solutions, with over 30 million members using its platform. eToro’s web trading platform and mobile trading app are feature-rich and offer over 3,500 instruments, sentiment data, commission-free trading, copy trading tools, and a social trading community.

Trading App Features:

  • European Regulators & Max. Leverage: FCA (1:30), CySEC (1:30)
  • Trading Apps: eToro: Trade & Invest App
  • Operating System: Android and iOS
  • Available Tools: CopyTrader, Sentiment Data, TipRanks, Smart Portfolios
  • Security: 2-Factor Authentication
  • Demo Account: Yes

The eToro app and web platform provide an impressive range of social trading and copy trading tools. Each tradable instrument has a news feed where traders can post their ideas and comments. Using the CopyTrader feature, you can view the performance of individual traders and copy their trades directly to your account.

The app also offers excellent charting tools powered by TradingView. Stock market research from TipRanks is also provided. This includes analyst ratings, stock price forecasts, news, and director dealings. Forex sentiment data is also provided, which is helpful for identifying overbought and oversold market conditions.

During our live fee test, I found the spread for EUR/USD averaged 0.95 pips during the London and New York trading sessions. This beats the industry average of 1.08 pips for a commission-free trading account.

Pros
  • 30 million member community
  • Easy social and copy trading features
  • Research from TipRanks
  • Commission-free trading
Cons
  • Scalping is not permitted

Best Trading Tools

4.4
The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider.
  • Min Deposit
    $0
  • Tradable Instruments
    36071
  • Fees
    Medium

Established in 1992, Saxo offers an excellent range of trading tools and over 40,000 instruments. Its professional-grade trading platform and mobile app provide one-click trading tickets, account value stop losses, built-in market research, and trading signals from Autochartist.

Trading App Features:

  • European Regulators & Max. Leverage: FSA Denmark (1:30), FCA (1:30), FINMA (1:100), CONSOB (1:30), AFM (1:30)
  • Trading Apps: SaxoTraderGo
  • Operating System: Android and iOS
  • Available Tools: Autochartist signals
  • Security: 2-Factor Authentication
  • Demo Account: Yes

Saxo provides an impressive array of trading tools, accessible from both its desktop platforms and mobile app. I found the Autochartist trading signals particularly useful for traders of all levels. These signals cover forex pairs, stocks, and indices, highlighting well-known chart patterns and Fibonacci setups that are either emerging or breaking out. The addition of a probability score adds further confidence to a signal. Moreover, users can access a wide range of in-depth market research directly through the app.

From my experience, Saxo boasts one of the most extensive market selections in the industry, offering over 40,000 instruments across forex, shares, options, mutual funds, indices, commodities, bonds, warrants, and more.

The spread on EUR/USD averages at 0.85 pips, outperforming the industry average of 1.3 pips. However, there is a $6 round-turn commission on orders under 50,000 units of the base currency.

Pros
  • Detailed in-house market research
  • Autochartist trading signals
  • Large selection of instruments
  • 24/5 customer support from the app
Cons
  • Beginner traders may find the volume of products overwhelming

Best for Professional Traders

Trading FX, precious metals and CFD on margin (i.e. using leverage) is not suitable for everyone. Investing in such instruments involves a high degree of risk of loss. Before trading on margin you should be aware of the risks involved due to the fluctuation in the value of such instruments' prices, which can cause fluctuations in the value of your investment. Any type of market or trade speculation that can yield an unusually high return on investment is subject to unusually high risks. Large losses may be suffered within a relatively short period of time due to adverse market movements or to position build-up. Before deciding to enter into FX, precious metals or CFD trading on margin, you should carefully consider your investment objectives, level of experience, and risk appetite. You should only trade the portion of your own assets you are disposed and cannot afford to lose entirely: only your surplus funds should be placed at risk and if you do not have such surplus funds you should imperatively avoid engaging in margin trading. In case of doubts on the risks related to FX, precious metals and CFD trading on margin you should consult any independent financial advisor and request any necessary information.
  • Min Deposit
    $100
  • Tradable Instruments
    1253
  • Fees
    Medium

Established in 2004, Dukascopy is an online Swiss bank that offers an excellent range of products and tools for professional traders. In addition to trading, bank, and wealth management accounts, Dukascopy provides over 1,000 instruments from its proprietary, feature-rich JForex platform.

Trading App Features:

  • European Regulators & Max. Leverage: FINMA (1:200), Bank of Latvia (1:30)
  • Trading Apps: JForex app, MT4, MT5
  • Operating System: Android and iOS
  • Available Tools: Market news, Dukascopy TV, Movers and Shakers
  • Security: 2-Factor Authentication
  • Demo Account: Yes

Dukascopy offers an attractive range of products for professional traders. These include over 1,000 CFD instruments covering forex, commodities, shares, indices, ETFs, bonds, and cryptos. The broker also provides binary options trading, crypto P2P services, a wealth management account, private Swiss bank accounts, and a multi-currency account.

Trading tools are extensive and include Dukascopy TV, SWFX Sentiment Index, Daily Highs/Lows, Economic Calendar, Forex Calculators, Market Signals, CoT charts and more. Many of these are available from the Dukascopy JForex mobile app, which I find easy to use and feature-rich.

During our live test, I found the spread for EUR/USD averaged 0.3 pips, beating the industry average. However, there is a commission charge per trade. The amount depends on your account size and trading volume.

Pros
  • Feature-rich proprietary mobile app
  • Trading, banking, wealth management accounts
  • Wide range of tradable products
  • Multiple trading tools
Cons
  • Slow customer support over live chat

How to choose a forex trading app?

Here is a quick guide on how to choose a forex trading app.

How is the broker regulated?

Within the financial markets industry, brokers can be either regulated or unregulated. Trading in the forex market with a regulated broker is crucial. Regulated brokers are required to comply with stringent regulations that govern how your funds are handled and how trades are executed. Failure to adhere to these regulations can result in penalties and the loss of their license.

However, it’s important to note that regulatory standards can vary among regulated brokers. In our evaluations of broker ratings, we classify regulators into three tiers:

  • Tier-1 regulators encompass well-established financial authorities such as the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
  • Tier-2 regulators maintain stringent standards but may be less renowned. Examples include the Dubai Financial Services Authority (DFSA), and the Financial Markets Authority of New Zealand (FMA).
  • Tier-3 regulators, such as the Vanuatu Financial Services Commission (VFSC) and the Securities Commission of the Bahamas (SCB), typically operate from offshore jurisdictions.

Brokers based in Europe must comply with the European Securities and Markets Authority (ESMA) Markets in Financial Instruments Directive MiFID II. It requires brokers to segregate client funds from company funds, provide a negative balance protection to prevent your account from going below zero and participate in a compensation scheme to safeguard client deposits in case of the broker’s insolvency.

For instance, UK FCA-regulated brokers must be part of the Financial Services Compensation Scheme (FSCS), which covers client deposits up to GBP 85,000 in the event of insolvency. CySEC-regulated brokers must be part of the Investor Compensation Fund (ICF), which covers client deposits up to EUR 20,000.

You can verify a broker’s regulatory status and authorizations by reviewing their legal terms and conditions and consulting the regulator’s register in their operational country. It is advisable to stay clear of unregulated brokers. These brokers operate without adherence to strict rules governing fund handling, leaving clients vulnerable. In the unfortunate event of theft, there are limited legal avenues for reclaiming funds.

Check out our guide on Best European regulated forex brokers.

What fees to consider when choosing a broker?

Trading fees are pivotal in determining your overall profitability. Brokers aim to maximize fees, while traders seek to minimize them. When selecting a broker, consider the following fees:

  • Spread: The difference between the buy and sell prices. Discover Best zero spread forex brokers.
  • Commission: A fee charged for buying or selling.
  • Overnight or swap fee: The cost of holding leveraged or margined positions overnight. Find Best low swap fees brokers.
  • Payments: Fees related to depositing or withdrawing funds.
  • Inactivity: A charge if no trading activity has occurred for a certain number of months.

A reputable broker wants you to know how good their fees are as they want your business. Therefore, if the fee structure is unclear or not readily available on the broker’s website, it should raise concerns and serve as a warning sign against trading with that broker.

Read more about Best low spread forex brokers.

How to choose the best account type?

Based on my experience, brokers typically provide a range of trading accounts. These accounts vary in what they offer. However, the primary difference among these accounts often lies in their trading fees.

Trading accounts are generally divided into two categories: commission-free and commission-based.

  • A commission-free account does not charge fees for buying or selling. Instead, most fees are incorporated within the spread, resulting in wider spreads on these accounts.
  • A commission-based account entails a fee for buying or selling, granting access to price quotes directly from the interbank market, often leading to narrower spreads.

The selection of a trading account depends on the trader’s individual style. Novice traders may prefer a commission-free account as costs are integrated into the spread, simplifying risk management decisions. Conversely, short-term traders might opt for a commission-based account to capitalize on reduced spreads.

Discover Best STP forex brokers and Best ECN forex brokers.

What is leverage, and how does it work?

Leverage allows traders to control a large position with a small deposit. For instance, with a leverage ratio of 1:30 offered by a broker, traders can manage a position worth $30 using only $1. This means you can oversee a position valued at thirty times the deposit you make.

To ensure a safe trading environment, European regulators cap retail trading leverage for forex pairs at 1:30. However, traders in Europe have the option to open accounts with offshore and unregulated brokers that offer significantly higher leverage, up to 1:3000. Extreme caution is advised when dealing with these brokers.

Check out our list of Best high-leverage forex brokers.

It is important to recognize that leverage can magnify both profits and losses. Your profit or loss is calculated on the total value of the trade, not merely on the margin you’ve contributed. If your account does not have enough capital to cover the trade value, the broker may issue a margin call and automatically close your positions, potentially leading to substantial losses. Hence, careful consideration is necessary when evaluating brokers that provide exceptionally high leverage.

How to choose a suitable trading app?

A trading platform and its corresponding mobile app are your gateway to the world’s financial markets. They should help to facilitate real-time price monitoring, analysis, and trade execution. When choosing a platform, consider the following factors:

  • Accessibility: Ensure compatibility across desktop, web, and mobile devices.
  • Availability of real-time price data: Verify access to free, real-time price data.
  • Integrated tools: Look for built-in drawing tools and technical indicators.
  • Educational resources: Seek platforms that offer tutorials to enhance user understanding.
  • Customer support: Ensure easy access to customer support services.
  • Third-party integrations: Confirm whether the broker allows third-party integrations for added functionality.
  • Research: Check for the presence of a dedicated research team providing live market updates directly from the platform or app.

Several widely used forex trading apps include:

  • MetaTrader 4 (MT4): A well-known mobile app offering real-time charts with 54 technical analysis indicators and drawing tools, 9 timeframes, and a built-in market news feed. Explore Best MT4 brokers.
  • MetaTrader 5 (MT5): An enhanced version of the MT4 app offering the same features, as well as price alerts, multiple chart view options, customizable chart colors, trading level visuals, and market depth (Level 2) data. Discover Best MT5 brokers.
  • cTrader: An app tailored for high-frequency traders and scalpers with 65 technical indicators, 10 chart types, 16 drawing tools, price alerts, watchlist, and trade performance statistics. Read more about Best cTrader forex brokers.
  • TradingView: A social trading app offering access to global markets including 90 exchanges, advanced drawing tools such as Elliott Waves, highly customizable watchlists, and trading ideas. Check out our picks of Best TradingView forex brokers.
  • In-House Proprietary App: Some brokers develop their own unique trading app.

Personally, I prefer trading with a broker that offers a platform accessible across multiple devices. This way, even if I can’t access the web platform, I can still use the mobile app to monitor positions and execute trades.

Check out our list of Best forex platforms in Europe.

What to avoid when choosing a forex trading app?

Here are some things to avoid when selecting a forex trading app:

  • Unregulated Brokers: Trading with an unregulated broker carries significant risks. In case of fraudulent activities, there are no safeguards in place to assist in recovering lost or stolen funds.
  • Lack of Transparency: Difficulty understanding and verifying a broker’s regulatory status, trading fees, and terms indicates a lack of transparency. A reputable broker prioritizes transparency, ensuring you understand the safety of trading with them and the competitiveness of their fees.
  • No Physical Presence: Brokers lacking a physical office and staff in reputable regions raise red flags. Trustworthy brokers typically maintain offices in well-known financial regions and employ a substantial workforce to manage operations and support your trading activities.
  • Unrealistic Profit Promises: Brokers making exaggerated and unrealistic promises of significant profits engage in dishonest practices. It’s essential to recognize that all trading involves risks. Any guarantees of profits should be viewed as fraudulent.

How to avoid forex and CFD scams?

Regrettably, the forex and CFD industry is rife with fraudulent schemes. Here are some guidelines to avoid them:

  • Trade only with brokers regulated by reputable financial authorities and verify their licenses on the official regulator’s website.
  • Verify that the broker operates from a physical office within a jurisdiction governed by robust regulatory standards.
  • Ensure access to live customer support for prompt assistance with inquiries or issues.
  • Conduct a comprehensive background check by examining online news articles and broker reviews.
  • Use only well-known and familiar payment methods for deposits and withdrawals.
  • Thoroughly review the broker’s terms and conditions before committing to any agreements.

Our Methodology

At FXEmpire, we use a proprietary rating system to assess brokers. This involves analyzing 250 data points across nine key categories, which include:

  • Trustworthiness: We verify the brokers’ authorizations and licenses by the respective country’s regulatory body.
  • Fees: We evaluate trading fees by opening live trading accounts and comparing them to the industry average.
  • Trading platform and tools: We test the trading platforms to examine the range of features and their user-friendliness.
  • Tradable instruments: We identify the number of tradable instruments to ensure a diverse range of asset classes are available.
  • Customer support: We engage with the customer support team to test the ease of access, knowledge, and helpfulness.
  • Payment methods: We examine the available deposit and withdrawal methods and their associated fees and processing times.
  • Account types: We investigate the features and benefits of each account type, including execution method, minimum deposits, and more.
  • Research and education: We assess the quality of the broker’s research and educational materials.

For this guide, we conducted a thorough review to ensure each broker we examined is licensed to operate in Europe and provides a proprietary or third-party mobile app for forex market access.

We checked the security, reliability, and user-friendliness of these apps, along with their level of customizable features to cater to individual preferences. We also explored the various tools and features within each app to determine their effectiveness in aiding trading decisions.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes, and they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Forex trading is legal in Europe if you use a broker regulated by a European financial authority.
Yes, you can trade with a broker regulated outside the EU, but it's important to proceed with caution, considering the differences in regulatory standards and protections.
MetaTrader provides a mobile trading app for MetaTrader 4 and MetaTrader 5 that are available via Android and iOS.
Most trading apps will offer the use of a demo account so you can test its features in a virtual environment.
Most brokers provide a forex trading app free of charge. There are some third-party platforms that may charge a monthly subscription fee.
Yes, copy trading is available in some trading apps, allowing users to replicate the positions of experienced traders automatically.
We determined that Plus500 offers an excellent mobile trading app suited to beginners thanks to its user-friendly interface, robust charting tools, and platform tutorials.
From our research, Dukascopy offers an excellent mobile trading app for professional traders. It provides access to a wide range of markets and products and an extensive range of trading tools, such as CoT reports, the SWFX Sentiment Index, and more.
Some proprietary trading apps developed by brokers only allow you to view and manage positions rather than execute a trade. Nearly all third-party apps, such as MetaTrader, allow you to execute trades and manage positions directly within the app.
Yes, you can access a trading app offline, but without an internet connection, live prices will not be streamed to it.

About the Author

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.