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8 Best Forex Trading Apps for 2024

Searching for the top forex trading app? Based on our hands-on analysis, we’ve identified the 8 best options tailored to various trading needs. Practical tips from our experts are included.

Dan Blystone
Reviewed By:
Ola Alder
Updated: May 16, 2024

List of Top Forex Trading Apps

Best brokers for US traders

Spreads from 0.8 pips in EUR/USD. Fast order execution. Feature-rich proprietary platform. Premium services, including rebates. Industry-leading research.

User-friendly and intuitive interface. Wide range of futures markets. Standard, Mini and Micro contracts. $100 minimum deposit.

Best brokers for international traders

User-friendly and intuitive interface. Tight spreads in currency pairs. Unique +Insights tool. 2800+ CFDs. Multi-regulated broker. 24/7 support. No deposit/withdrawal fees.*

10,000+ CFD instruments. Raw spreads from 0.0 pips. Fast execution and deep liquidity. Wide range of deposit and withdrawal options, including crypto.

Standalone copy trading app and discretionary trading app. Browse Performance of Master Traders. No swap or inactivity fees. Beginner-friendly design. Multiple funding and withdrawal methods.

MT4 and MT5 apps for Android and iOS. Full set of order types, including pending and stop orders. Fast order execution. Two position accounting systems: netting and hedging. Depth of Market (DOM).

Simple to use, easy to navigate. 1-click trading. Market news. Trading Central integration. 1,000+ instruments. AvaProtect™ risk management tool.

Excellent design. 19 languages in the app. Low fees. 3,000+ assets, 74 cryptocurrencies. Ready-made Smart Portfolios. Strong educational resources. Industry-leading copy trading.

*80% of retail CFD accounts lose money.

How did FXEmpire select the Best Forex Apps?

FXEmpire's Methodology

We carefully considered the needs of mobile traders and focused on the qualities that benefit this group the most.

  • We looked for the availability of a unique app developed by the broker.
  • We reviewed the design quality and useability of each app.
  • We checked key features for mobile trading, including watchlists, charting, order types, 1-click trading, and alerts.
  • We verified the availability of enhanced security options such as two-factor authentication.
  • We researched the regulatory background of each broker and assessed their level of trustworthiness, reliability, and financial strength.
  • We focused on brokers with low spreads and swap fees, which keep trading costs minimal for mobile traders.
  • We checked the availability of a strong variety of tradable instruments via mobile app, including forex, indices, commodities, shares, and cryptocurrencies.
  • We verified the availability of a variety of deposit and withdrawal methods, making it fast and easy to move money in and out of your account via mobile.
  • We checked each app for insightful research and educational content to enhance traders’ understanding of the financial markets, develop effective trading strategies, and make informed decisions.
  • We looked for live chat within the app and fast, responsive, and helpful customer support.

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

CFD Service, 80% 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
  • Tradable Instruments
  • Fees

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:

  • Operating System: Android, iOS, and Windows
  • Available Tools: Watchlists, Advanced Charts, Alerts, News, Analysis, Economic Calendar, Demo Account, Live Chat
  • Additional Security: Two-Factor Authentication
  • Available Languages: 29

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.

  • High trust rating
  • 2,500+ available CFDs
  • Competitive spreads
  • Innovative research tools
  • No withdrawal fees
  • No phone support

Best Android Trading App

CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can be increased or decreased, and the investors may lose their invested capital. The Company has no liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to, any transactions related to CFDs.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Operating System: Android and iOS
  • Available Tools: Watchlists, Advanced Charts, Demo account, 1-Click Trading, Trading from the Chart, Funding/Withdrawal
  • Available Languages: 8

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.

  • 2,000+ instruments
  • Tight spreads in CFDs on indices
  • Fast execution
  • 18 years on the market
  • Limited educational materials

Best for Copy Trading

Forex margin trading involves substantial risks.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Operating System: Android and iOS
  • Available Tools: Watchlists, Advanced Charts, 1-Click Trading, Alerts, News and Analysis, Economic Calendar, Demo account, Live Chat, Funding/Withdrawal
  • Additional Security: Two-factor authentication
  • Available Languages: 11

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.

  • Intuitive copy trading experience
  • Detailed Master Trader statistics
  • Fast withdrawals
  • Low spreads in forex pairs
  • No phone support

Best MetaTrader Trading Apps

Your capital is at risk.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Operating System: Android and iOS
  • Available Tools: Watchlists, 1-Click Trading, Financial News Feed, Alerts and Push Notifications
  • Depth of Market (Level 2 Order Book)
  • Integrations: Advanced Charting with 9 timeframes, 30 technical indicators (MT5)
  • Additional Security: Two-factor authentication

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.

  • Raw spreads from 0.0 pips
  • Low latency execution
  • Social and copy trading
  • Reliable customer support
  • Limited research materials

Best iOS Trading App

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

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:

  • Operating System: Android and iOS
  • Available Tools: Watchlists, Advanced Charts, 1-Click Trading, Alerts, News and Analysis, Economic Calendar, Demo account, Live Chat, Funding/Withdrawal
  • Integrations: Research from Trading Central
  • Additional Security: Passcode

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.

  • Multi-regulated broker
  • 1,250+ instruments
  • Competitive spreads
  • Strong research materials
  • Inactivity fee

Best for Beginners

51% of retail CFD accounts lose money.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Operating System: Android and iOS
  • Available Tools: Watchlists, Advanced Charts, 1-Click Trading, Alerts, News and Analysis, Economic Calendar, Demo account, Live Chat
  • Additional Security: Two-Factor Authentication, Biometric Authentication
  • Available Languages: 19

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.

  • Multi-regulated broker
  • Copy trading leader
  • Easy-to-use platform
  • Crypto-friendly
  • Live webinars
  • Withdrawal fee

Best Overall in the US

Forex trading involves risk. Losses can exceed deposits.
  • Min Deposit
  • Tradable Instruments
  • Fees

IG was founded in 1974, making it by far the oldest broker I have reviewed for FX Empire. The London-based forex industry pioneer now has over 300,000 clients and offices across five continents. IG Group is listed on the London Stock Exchange (LSE: IGG) and is a member of the FTSE 250. IG US launched in 2019, providing Americans access to the global forex market with leverage and tight spreads. Clients can trade an industry-leading range of forex instruments, including major, minor, Australasian, Scandinavian, exotic, and emerging market currency pairs.

IG US App Features:

  • Operating System: Android and iOS
  • Available Tools: Watchlists, Advanced Order Types, Alerts, Trading from the Chart, Client Sentiment, Reuters News Feed
  • Integrations: Trade Signals from Autochartist
  • Additional Security: Two-factor authentication

My hands-on tests showed that IG US 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.

IG US offers an award-winning proprietary platform alongside with 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 IG as a strong choice for US traders looking to try out the forex market.

  • Array of features in the app
  • Tight spreads
  • Industry-leading research
  • Premium services
  • No chat support

Best for Beginners in the US

Trading with leverage comes with a high risk and may not be suitable for everyone.
  • Min Deposit
  • Tradable Instruments
  • Fees

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:

  • Operating System: Android, iOS, and Windows
  • Available Tools: Watchlists, Advanced Charts, Alerts, News, Analysis, Economic Calendar, Demo Account, Live Chat
  • Additional Security: Two-Factor Authentication

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.

  • Intuitive and feature-rich mobile app.
  • Competitive commissions.
  • Wide range of futures markets.
  • Standard, mini, and micro contracts available.
  • No phone support.

How to choose a forex trading app?

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:

  • User Experience and Design: The app’s interface should be intuitive and user-friendly, allowing for easy navigation and efficient trading.
  • Key Trading Features: Look for essential mobile trading functionalities such as watchlists, charting, order types, 1-click trading, and alerts. These features enhance trading efficiency and decision-making.
  • Security Measures: Ensure that the app offers robust security options like two-factor authentication to protect your account and personal information.
  • Regulatory Compliance and Trustworthiness: Research the broker’s regulatory background and assess their level of trustworthiness and financial stability. A reputable broker will adhere to regulatory standards, providing an extra layer of security.
  • Cost Efficiency: Consider the spreads and swap fees, as these can significantly impact your trading costs. Opt for brokers that offer competitive rates to keep expenses minimal.
  • Variety of Tradable Instruments: Check for a diverse range of tradable instruments available via the mobile app, including forex, indices, commodities, shares, and cryptocurrencies. This variety allows for more flexible trading strategies.
  • Deposit and Withdrawal Methods: Look for an app that offers various deposit and withdrawal methods, ensuring that moving money in and out of your account is fast and convenient.
  • Educational and Research Tools: An ideal app should provide insightful research and educational content to help you understand the financial markets better, develop effective trading strategies, and make informed decisions.
  • Customer Support: Ensure that the app offers live chat and responsive customer support. Timely and helpful assistance can be crucial, especially when facing technical issues or urgent trading matters.
  • Compatibility and Performance: The app should be compatible with your mobile device and operate smoothly without crashes or delays. Performance issues can hinder your trading experience.

What features to look for when choosing a forex training mobile app?

Here are some of the key features to check when selecting a mobile app for trading:

  • Demo Account: Demo accounts allow traders to practice trade in live market conditions. Leading apps often allow traders to switch back and forth from a single login.
  • Watchlists: Custom watchlists allow traders to track their favorite instruments. Preset watchlists are also helpful for viewing specific asset classes or market sectors.
  • 1-Click Trading: This feature allows you to bypass the standard order confirmation popup and instantly enter your order in the market. It is an essential feature for day traders and scalpers.
  • Charting: Charting features within apps are usually stripped down, but the best trading apps often have a strong range of indicators, drawing tools, chart types, and time frames to work with.
  • Trading from the Chart: Trading from the chart allows users to quickly enter trades while keeping an eye on what is happening on the live chart.
  • Order Types: Look for standard order types (market, limit, stop loss). The best apps will also provide advanced order types like trailing stops and conditional orders.
  • News and Analysis: Brokers will often provide the same news and analysis in the app as what is available via the website. This may include in-house and third-party content.
  • Alerts: These are useful for getting notified when an order gets executed or when a specific market has reached a set price level or moved by a certain percentage.
  • Live Chat Support: This feature allows you to reach a live agent while you are on the move
  • Light/Dark Mode: Some apps offer a dark mode feature to make using the app easier on your eyes in low light conditions.

Can I trust the broker?

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.

What fees to consider when choosing a forex and CFD broker?

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:

  • Spreads: The spread is the difference between the buying and selling price of a financial instrument. It’s the primary way CFD brokers make their money. Lower spreads generally mean lower trading costs.
  • Commissions: Some brokers charge a commission on trades in addition to spreads – often a fixed fee per trade, or it can be a percentage of the total trade volume.
  • Overnight or Swap Fees: If you hold a CFD position open overnight, you might have to pay a fee known as an overnight or swap fee. It’s a fee you pay or receive depending on the interest rate difference between the two currencies involved in the pair and whether you are long or short.
  • Inactivity Fees: Some brokers charge inactivity fees if you don’t make a certain number of trades within a specified timeframe.
    Withdrawal Fees: Some brokers may charge you for withdrawing money from your account. Check the fee structure and withdrawal methods before choosing a broker.

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.

How to avoid forex and CFD scams?

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.

Our Methodology

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.

Meet Our Writers

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.

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.

Yes, both MetaTrader 4 and MetaTrader 5 have apps available for Android and iOS.
With its user-friendly interface, a wide range of instruments, and solid educational resources we rated eToro as the best app for beginners.
Yes, all trading apps include real-time market data and most have charts.
Trading apps offer varying levels of security. Some offer features such as an additional code for login, 2-factor authentication, and biometric login.
Yes, traders can execute trades and manage open market positions via trading apps.
Yes, broker apps often offer notification and alert features.
Yes, it is fairly standard for brokers to offer demo accounts with live market data.
Traders can access a wide range of CFD instruments, including forex, indices, commodities, shares, and cryptocurrency via mobile apps.
Yes, it’s possible to trade crypto via a smartphone app.
Trading apps are typically free. Brokers make profits from spreads, commissions, swap fees, and miscellaneous account-related fees.
It depends on which orders are available via the app, but typically standard orders such as market, limit, and stop-loss are available.
The best apps typically offer charting with technical indicators. Other tools may be available, for example, the +Insights from Plus500 or integration with Autochartist or Trading Central.
Yes, most apps offer stop-loss orders.
Copy trading is available in some trading apps. Sometimes brokers offer a standalone app exclusively for copy trading, such as OCTA Copytrading app.
Some, but not all, trading apps provide access to news and analysis.
Yes, but you will not receive live market data.
Yes. Traders can use apps with both demo and live accounts.

About the Author

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.

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.