Searching for the top forex trading app? Based on our hands-on analysis, we’ve identified the 9 best options tailored to various trading needs. Practical tips from our experts are included.
*82% of retail CFD accounts lose money.
We carefully considered the needs of mobile traders and focused on the qualities that benefit this group the most.
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.
Plus500 is a groundbreaking CFD broker founded in 2008. I found it a pleasure to trade the markets when testing its cutting-edge WebTrader platform and mobile app. Plus500 is available in over 50 countries and has 400,000 active clients. Listed on the London Stock Exchange (LSE: PLUS), it is one of a handful of publicly traded CFD brokers. I confirmed that Plus500 is a multi-regulated broker, including CySEC and ASIC, and it earned a high overall trust rating in my review.
Plus500 App Features:
With a clean, uncluttered interface, Plus500 mobile app is beginner-friendly (*with an unlimited demo account where beginners need to start their trading experience with Plus500) but also boasts many cutting-edge features. Users can follow popular watchlists of instruments, a particular asset class, risers/fallers, or create their own list of assets to track. Charting on the app is robust and provides an above-average selection of chart types, time frames, indicators, and drawing tools.
The Plus500 economic calendar shows all the key information about upcoming releases, such as the expected market impact, analyst expectations, and figures from previous releases. Traders testing out strategies can easily switch between a demo account and live trading within the app. Alerts sent via email, SMS, or push notification can notify users when an asset reaches a set price level.
The +Insights analytical tool built into the app leverages the Plus500 user base of millions and provides powerful data that can be integrated into trading strategies. The tool provides information on what other traders at Plus500 are buying and selling and reveals community trends. Traders can generate ideas from lists of key data like most traded instruments, most profit-making positions, and most loss-making positions.
Founded in 2005, SquaredFinancial is a multi-asset online CFD broker based in Seychelles. Clients can access 2,000+ markets, including CFDs on forex pairs, indices, commodities, ETFs, stocks, and cryptocurrencies. I rated the range of assets as better than average with the availability of assets like CFDs on futures. The SquaredElite account offers raw spreads starting from 0.0 pips, helping active traders keep their costs low.
SquaredFinancial App Features:
The SquaredFinancial App has a clean, easy-to-navigate interface. Traders can create personalized watchlists and conveniently browse lists broken down by asset class, such as energies or crypto. Forex and crypto pairs can be filtered by currency and stocks by groups.
Classic features like 1-click trading and trading from the chart are available. The order ticket has stop loss and take profit features built in, allowing traders to enter all three orders simultaneously. With the stop loss and profit target in place, a trader is freed from having to babysit the position.
I noted that traders can also elect for orders to be executed immediately or not at all – a useful feature for fast-moving markets where there is likely to be slippage. The orders panel of the app enables traders to view their open positions and orders at a glance. Direct deposits and withdrawals can be made on the move via the Wallet section of the app.
Founded in 2011, OCTA is a multi-asset CFD broker headquartered in St. Vincent and the Grenadines. It also has a European entity regulated by CySEC. OCTA’s clients can access 230 CFDs on forex, commodities, shares, indices, and crypto. The broker also offers an advanced copy trading platform that clients can access via web or mobile. In my hands-on tests, I was impressed by the overall high design quality of OCTA software.
OCTA Trading App Features:
The OCTA Trading App enables traders to manage their personal profiles, account funding, and access real, demo, and contest accounts on the go. From within the OCTA Trading App, clients can elect to trade either via the in-house OctaTrader platform or MetaTrader 4.
OCTA Copytrading is a separate social trading app that enables users to follow experienced traders and automatically copy their trades. Clients can browse the stats of Master Traders, including risk score, gain, profit/loss, number of copiers, commission, and trade history. When subscribing to a Master Trader, clients specify the copying proportion and decide whether to add funds. Traders can diversify their investments by subscribing to unlimited Master Traders simultaneously.
OCTA does not charge any fees for copy trading – clients only pay the Master Trader’s predetermined commission. Clients can unsubscribe from the Master Trader and stop copying the orders anytime.
JustMarkets is a multi-asset online CFD broker with over a decade of experience. The Limassol, Cyprus-based broker offers CFDs on forex, commodities, indices, shares, and cryptocurrencies to clients across 180 countries. I verified that JustMarkets’ entities are authorized by various regulators, including top-tier CySEC.
JustMarkets App Features:
JustMarkets offers the full suite of MetaTrader 4 and MetaTrader 5 platforms, which include advanced order types, robust charting, and automated trading via Expert Advisors. I noted that VPS hosting is also available – allowing traders to run their strategies 24/7 without risk of downtime. Trading, hedging, and scalping strategies are all permitted.
With ultra-fast order execution – from 0.01 seconds – JustMarkets provides its clients a significant edge in trading. Low floating spreads are available for all types of accounts, and clients can access spreads starting at 0.0 pips with Raw Spread accounts. Our live tests recorded spreads as low as 0.7 pips in EUR/USD when using a Pro Account. Customer support is another area of strength at JustMarkets, with 24/7 assistance available through multilingual agents.
Founded in 2005, MultiBank has a long track record as a CFD broker and has grown to have a major global presence. The Dubai-based broker is regulated across 5 continents and maintains over 20 offices globally to cater to an international client base. In my review, MultiBank stood out as excellent in three key areas important to professional traders: customer support, account types, and deposits/withdrawals.
MultiBank-Plus App Features:
The MultiBank-Plus app offers an intuitive interface along with a solid range of features. Traders can access charting, news, and fast order execution. Standard order types, including stop, limit, and market orders, are all available.
Multibank caters to professionals with competitive pricing, starting at $0.02 on gold and 0.0 pips in forex, which I rate as better than average for the industry. Clients can select from a variety of account types, including Standard, Pro, and ECN.
With access to over 20,000 instruments, spanning forex, commodities, indices, shares, and crypto, clients have the world’s markets at their fingertips. MAM/PAMM accounts at MultiBank enable money managers to seamlessly execute trades in multiple client accounts at once. FIX API provides institutional and high-volume clients direct access to the market.
AvaTrade was founded in 2006, making it an early mover in the forex and CFD industry. The Dublin-based broker has grown tremendously since then and now provides services to 400,000 traders globally. I verified that AvaTrade is regulated by top-tier ASIC and CySEC, helping it to earn a high score in our trust category.
AvaTradeGO App Features:
The award-winning AvaTradeGO lets traders easily track market positions, create unique watch lists, and view live quotes and charts. I noted the outstanding design quality and useability of the app. AvaTrade provides access to over 1,000 instruments via its app, including CFDs on forex, commodities, shares, ETFs, bonds, and cryptocurrencies.
The trends feature, which includes most bought, sold, rising, and falling assets, is a valuable source of trading ideas. Signals via respected third-party research provider Trading Central are also available for live account holders in the app.
AvaProtect™ is a unique risk management feature available within the app. In exchange for a low hedging cost, it allows clients to protect a specific trade against losses of up to one million dollars over a chosen time frame. This insurance can provide peace of mind for traders active in highly volatile markets such as gold or natural gas.
eToro has grown to be one of the largest and most creative players in the world of CFD trading. The company was founded in 2007, and its platform now accommodates a community of over 30 million registered users from more than 140 countries. Since 2010, eToro has placed a growing focus on social trading, and clients can automatically copy the moves of experienced investors in real time via the mobile app.
eToro App Features:
eToro traders can access 3,000+ instruments while on the move, including CFDs on currency pairs, commodities, indices, shares, and cryptocurrencies. The CopyTrader feature enables users to replicate other traders’ actions in real time. Another exciting innovation I discovered during my review is Smart Portfolios. It is ready-made thematic investments like DeFi, Gaming Industry, or Luxury Brands that can be bought or sold with a single click.
Watchlists allow users to track their favorite instruments in an easy-to-reference list. The app’s 1-click trading and trading from the chart features enable speedy entry of orders. Advanced order types like trailing stops are also available. Traders closely tracking a specific asset can receive push notifications when it reaches a set price or moves by a fixed percentage.
The Portfolio section of the app shows users their investments, profits and losses, and market value at a glance. Once logged in, clients can easily switch between demo and live trading. While this app is well-designed and user-friendly, it also has advanced, innovative functionality.
tastyfx is a new brand name of IG US that provides Americans access to the global forex market with leverage and tight spreads. The company is a part of IG Group, which is listed on the London Stock Exchange (LSE: IGG) and is a member of the FTSE 250. tastyfx’s clients can trade an industry-leading range of forex instruments, including major, minor, Australasian, Scandinavian, exotic, and emerging market currency pairs.
tastyfx App Features:
My hands-on tests showed that tastyfx offers highly competitive trading-related fees. Spreads in major pairs are among the tightest in the industry; for example, I experienced average spreads of just 0.8 pips in USD/JPY and 1 pip in GBP/USD. My assessment also indicated that swap fees are better than average. High-volume traders designated as Premium clients can earn substantial cash rebates, further lowering costs.
tastyfx offers an award-winning proprietary platform alongside a mobile app. The platform is highly customizable, allowing you to tile charts, watchlists, and news to stay on top of multiple markets and data points at a glance. Features like 1-click trading and trading from the chart enabled me to be nimble in volatile markets and enter orders fast. In my experience, trader sentiment gives you powerful insight into the psychology of a market, so I found this built-in tool especially helpful.
Live account holders can also access MetaTrader 4 and ProRealTime platforms, which offer advanced capabilities like automated trading. With its low costs and cutting-edge technology, I rate tastyfx as a strong choice for US traders looking to try out the forex market.
Established in 2008, Plus500 has made a name for itself as a leading global broker, being listed on the London Stock Exchange. In 2022, it expanded its offerings to American traders with the launch of its Futures Trading App. With an extensive range of futures markets, the app comes with the promise of competitive commissions and no platform fees.
Plus500 US App Features:
The app is celebrated for its user-friendly design, catering to both beginners and experienced traders. It supports a variety of watchlists and offers sophisticated charting tools, alerts, and more, allowing for a tailored trading experience.
With a focus on providing a rich selection of contracts in markets such as forex, crypto, metals, and more, the Plus500 Futures Trading App distinguishes itself with zero platform or routing fees and complimentary market data, accessible via both mobile and web platforms.
When choosing the best Forex trading mobile app, a trader must consider several critical factors that align with their trading needs and preferences. Here’s a breakdown of what to look for:
Here are some of the key features to check when selecting a mobile app for trading:
To be licensed and authorized by top-tier regulators, brokers must undergo audits, meet capital requirements, and provide segregated accounts and negative balance protection. You can search the regulator’s website to confirm the broker’s status and check for any disciplinary action. The broker’s size and operating history are also worth considering. You can usually find these on the company’s LinkedIn page.
Read more about Best regulated forex brokers.
It’s important to understand and compare the fee structures of different brokers before deciding which one to use. When choosing a broker, there are main types of fees that a trader should consider:
Not all brokers charge fees in the same way. Some charge a commission per trade, while others earn through the spread. Some may also include hidden charges like inactivity fees or withdrawal fees. It’s crucial to understand these fee structures to make an informed comparison.
Read more about Best lowest spread forex brokers.
High-Return Guarantees. A common scam in the forex and CFD industry involves vendors offering a trading strategy that guarantees an outlandishly high return in little time. These may involve automated trading using bots or a signal service where trades are shared via chat or social media. Nobody can guarantee returns with certainty, and it is more likely that such strategies will lose money. When assessing strategy or signal providers, you should look for a live track record audited by a third party and be conscious that past performance does not guarantee future results.
Lack of Protection. Traders should also be cautious about opening an account with an unregulated offshore broker. Such brokers may offer a straightforward account opening process, bonuses, and high leverage levels, but client funds are typically not protected. Meanwhile, brokers regulated by top-tier authorities must undergo regular audits and are held accountable for misconduct. Traders can also benefit from having their funds held in segregated accounts, negative balance protection, and a compensation fund in case of broker insolvency.
To select the best brokers, we apply our advanced proprietary methodology, refined over years and involving hundreds of reviews. We analyze each broker across over 250 data points, covering nine categories: Trust, Fees, Platforms and Tools, Tradable Instruments, Customer Service, Deposit and Withdrawal, Account Types, Research, and Education.
In our reviews, we clarify complex aspects like regulatory status, focusing on the safety and guarantees for your funds. Our process includes live testing, research, detailed questionnaires, and broker demonstrations. We open accounts, conduct live spread tests, measure swap fees and other costs, and provide a comprehensive side-by-side comparison.
Our editorial integrity is paramount, with objective, measurable criteria forming the basis of our reviews, free from individual biases. You can read more about our review process here.
For this guide, we evaluated unique broker-developed apps for design quality, usability, security features like two-factor authentication, and the availability of essential trading functions and support, including live chat. We also examined the availability of research and educational content on these apps to aid traders in understanding financial markets and developing effective trading strategies.
The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
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 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.
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.
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.
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.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.