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Best Forex Apps

BrokerNotes.co

Written by BrokerNotes.co

October 24, 2023

Please note:

A member of our editorial team used a proprietary blend of Generative AI technologies to assist in the creation of the content on this page. All information contained herein has been fact-checked by our lead writer in conjunction with our research team, and thoroughly edited by our editorial staff. Learn more about our generative AI policies, our editorial principles, and our testing methodologies.

Forex trading apps have revolutionized the way traders engage with the markets. Modern traders now have the ability to trade forex at any time (and from anywhere).

Whether you're a novice trader entering the forex market for the first time or a seasoned professional, it's important to have access to a reliable forex trading app. The best forex apps deliver features such as real-time data, sophisticated charting tools, robust security measures, and access to a wide selection of currency pairs.

We've hand-tested dozens of forex trading apps and rated them based on the factors most important to forex traders, such as ease-of-use, functionality, offering of investments, and education. Our top picks will help you navigate the crowded app marketplace and choose the best forex app for your individual needs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Trading Apps

Here are our picks for the brokers that offer the best mobile trading experiences in 2023.

  • Saxo Bank - 9.7/10 Overall
  • IG
    - 9.9/10 Overall
  • CMC Markets - 9.6/10 Overall
  • TD Ameritrade - 9.3/10 Overall
  • Interactive Brokers - 9.9/10 Overall
  • FOREX.com
    - 9.4/10 Overall
  • City Index - 9.3/10 Overall
  • OANDA - 8.5/10 Overall
  • XTB - 9.1/10 Overall
Saxo Bank
9.7/10 Overall
Minimum Deposit0
Tier-1 Licenses7
Tradeable Symbols (Total)70000

Saxo Bank is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo Bank delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
IG
9.9/10 Overall
Minimum Deposit£250.00
Tier-1 Licenses8
Tradeable Symbols (Total)19537

Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. Fans of copy trading will appreciate IG’s seamless integration of trading signals into its web platform.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Visit Site

Join 239,000+ traders worldwide.

(Trading forex carries a high level of risk.)

CMC Markets
9.6/10 Overall
Minimum Deposit$0
Tier-1 Licenses5
Tradeable Symbols (Total)12074

CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. CMC's powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. CMC Markets also ranks highly for its high-quality research and educational content.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
TD Ameritrade
9.3/10 Overall
Minimum Deposit$0
Tier-1 Licenses5
Tradeable Symbols (Total)0

TD Ameritrade, part of financial conglomerate Charles Schwab, is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, TD Ameritrade's forex offering consists of just over 70 currency pairs, along with powerful research and trading tools.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Interactive Brokers
9.9/10 Overall
Minimum Deposit$0
Tier-1 Licenses9
Tradeable Symbols (Total)8500

Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
FOREX.com
9.4/10 Overall
Minimum Deposit$100
Tier-1 Licenses7
Tradeable Symbols (Total)5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Visit Site

A Global Market Leader!

(Trading forex carries a high level of risk.)

City Index
9.3/10 Overall
Minimum Deposit£100.00
Tier-1 Licenses7
Tradeable Symbols (Total)13500

City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average).

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
OANDA
8.5/10 Overall
Minimum Deposit$0
Tier-1 Licenses7
Tradeable Symbols (Total)1744 info

OANDA is a highly trusted broker that delivers strong market research and support for a range of third-party plug-ins and platforms (like MetaTrader 4 and the wildly popular TradingView). OANDA’s Trade desktop platform is good, not great, but the mobile version is easy to use and boasts a great balance of features.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes info
XTB
9.1/10 Overall
Minimum Deposit$0
Tier-1 Licenses2
Tradeable Symbols (Total)6010

XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No

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:

Company Apple iOS App Android App Mobile Watchlist Mobile Charting - Indicators / Studies Tradeable Symbols (Total) Trust Score
Saxo Bank logoSaxo Bank Yes Yes Yes 64 70000 99
IG logoIG Yes Yes info Yes 33 19537 99
CMC Markets logoCMC Markets Yes Yes Yes 29 12074 99
TD Ameritrade logoTD Ameritrade Yes Yes Yes 360 0 99
Interactive Brokers logoInteractive Brokers Yes Yes Yes 70 8500 99
FOREX.com logoFOREX.com Yes Yes Yes 88 5500 99
City Index logoCity Index Yes Yes Yes 88 13500 99

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) - 5
  • 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.

feedPro tip:

It's a good idea to read broker reviews to get a sense of which mobile forex app is right for you. Check out our data-driven broker reviews, or compare the best brokers side-by-side with our broker comparison tool.

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:

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
Saxo Bank logoSaxo Bank 9.7 0 0.9 info 99 70000 Saxo Bank Review
IG logoIG 9.9 £250.00 0.98 info 99 19537 IG Review Visit Site
CMC Markets logoCMC Markets 9.6 $0 0.51 info 99 12074 CMC Markets Review
TD Ameritrade logoTD Ameritrade 9.3 $0 1.25 info 99 0 TD Ameritrade Review
Interactive Brokers logoInteractive Brokers 9.9 $0 0.63 info 99 8500 Interactive Brokers Review
FOREX.com logoFOREX.com 9.4 $100 1.4 info 99 5500 FOREX.com Review Visit Site
City Index logoCity Index 9.3 £100.00 1.4 info 99 13500 City Index Review
OANDA logoOANDA 8.5 $0 1.57 info 93 1744 info OANDA Review
XTB logoXTB 9.1 $0 1.07 info 96 6010 XTB Group Review

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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.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

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
BrokerNotes.co

BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money.

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