Forex Trading Apps Comparison
We've collected thousands of data points and tested dozens of the top forex trading apps (learn more about how we test). Check out a data-driven, side-by-side comparison of the forex brokers that offer the best mobile trading experiences in the industry:
Best brokers for mobile forex trading
We've researched over 60 of the top brokers in the industry and tested dozens of mobile apps to determine the best brokers for mobile forex trading. Check out our top three picks:
Winner: Saxo Bank
Our research team has conducted extensive testing on the overall mobile forex trading experience at Saxo Bank. We were so impressed by the broker's mobile features and trading tools that we awarded Saxo Bank an overall rating of 10/10 in the mobile trading category. After testing mobile apps from dozens of forex brokers, we've ranked Saxo Bank #1 out of 62 total brokers for the overall mobile trading experience, making it our top pick for traders in 2023.
Check out a breakdown of Saxo Bank's individual mobile features:
- Android App - Yes
- Apple App - Yes
- Mobile Alerts (Basic Fields) - Yes
- Mobile Watchlist - Yes
- Watchlists (Total Fields) - 60
- Charting Indicators - 64
- Charting - Drawing Tools - 20
Saxo Bank mobile app screenshots
Runner-up: IG
IG received an overall rating of 10/10 in the mobile trading category. The impressive mobile features available at IG have us ranking it in the #2 spot for mobile trading out of the 62 brokers we've tested and reviewed. Simply put, IG is an excellent choice for forex traders who want a great mobile trading experience.
Check out a breakdown of IG's most important mobile features.
- Android App - Yes
- Apple App - Yes
- Mobile Alerts (Basic Fields) - Yes
- Mobile Watchlist - Yes
- Watchlists (Total Fields) - 14
- Charting Indicators - 33
- Charting - Drawing Tools - 20
IG mobile app screenshots
Podium finisher: CMC Markets
CMC Markets received an overall rating of 9.5/10 in the mobile trading category, contributing to its impressive third-place ranking out of 62 total brokers in the mobile apps category.
Check out a breakdown of CMC Markets's most important mobile features.
- Android App - Yes
- Apple App - Yes
- Mobile Alerts (Basic Fields) - Yes
- Mobile Watchlist - Yes
- Watchlists (Total Fields) - 11
- Charting Indicators - 29
- Charting - Drawing Tools - 40
CMC Markets mobile app screenshots
FAQs
Can you trade forex on your phone?
Yes, you can trade forex using a mobile trading app provided by your forex broker. Today, there's a huge number of forex trading apps available on the market, making it easy for people to trade forex from the comfort of their mobile phones (or tablets). The best forex brokers deliver apps with powerful trading tools, sophisticated charting, and the ability to monitor and manage your portfolio from anywhere, at any time.
How do I choose a forex trading app?
Trying to decide which forex trading app is right for you, but aren't sure what to look for? We've been using mobile trading apps for years and we've tested dozens of the top forex apps. We've put together this list of the most important features to look out for when deciding on a mobile trading app:
- User experience. The best mobile apps feature a user-friendly interface that can be easily used by beginners and experienced traders.
- Powerful tools. Highly rated forex apps tend to pack a punch. The best apps deliver powerful trading tools, smooth trade execution, robust technical and fundamental analysis tools, real-time news, and charting.
- Straightforward payment methods. Deposits and withdrawals from your forex trading account should be simple, whether you are on desktop or mobile. Your broker should provide a range of accessible payment methods to deposit funds. PayPal has become a popular option for forex traders; check out our guide to the best brokers that accept PayPal.
- Educational resources. Many of the best forex brokers offer a range of educational resources to help beginner forex traders get the most out of their trading experience. IG, for example, has an app that is exclusively dedicated to trader education.
- Demo accounts: Your forex trading app should provide a demo account. Demo accounts allow beginners to practice forex trading without risking any of their real money.
Does forex have an official app?
No, the forex market does not have a single official app. Forex is a shorthand for the foreign exchange market. Forex traders trade currencies on the international currency market, and aim to profit by accurately predicting shifts in the value of international currencies. A huge number of online forex brokers offer mobile trading apps that grant traders access to the foreign exchange markets. If you are interested in the popular broker FOREX.com, you can check out our data-based review of FOREX.com.
Does MetaTrader have an app?
Yes, MetaTrader 4 and MetaTrader 5 are popular forex trading platforms that offer mobile forex trading apps. MT4 and MT5 both come with excellent charting and analysis tools, and have become immensely popular with forex traders around the world.
What are the differences between trading forex on your phone versus your computer?
Mobile trading platforms are often simpler than desktop applications and tend to offer fewer customization options. Features like charting tools are often less sophisticated on mobile. However, mobile trading apps have the advantage of being more convenient and enabling traders to trade at any time and place.
Below, check out some screenshots taken during our product testing of Saxo Bank to compare the broker's mobile and desktop platforms, side-by-side:
Saxo Bank desktop platform screenshots:
Saxo Bank mobile app screenshots:
BrokerNotes.co Overall Rankings for Mobile Forex Trading
Based on our independent research and extensive testing, here is our full list of list of the best brokers for mobile trading in 2023:
Popular Guides
Popular Forex Reviews
Methodology
At BrokerNotes.co, our data-driven reviews of online brokers are based on our own extensive testing of each broker's products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our in-depth trading guides are created with the same rigorous, data-driven approach.
Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust.
Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.
Part of our testing process involves in-depth research into commissions and fees. We dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads (we always strive to determine the average spreads for each broker to better serve our readers), and a variety of other fee-based data points.
When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.
All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. We may use generative AI tools to assist in some of the rote aspects of our content production processes, but the substance of our content, as well as our opinions and evaluations are based on our extensive research and product testing. Read our Generative AI policy to learn more.
Our rigorous data validation process provides our readers 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. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co
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