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Best Forex Apps of 2024

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2024

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 2024.

  • IG
    - 9.9/10 Overall
  • Interactive Brokers
    - 9.9/10 Overall
  • Saxo - 9.7/10 Overall
  • CMC Markets - 9.6/10 Overall
  • FOREX.com
    - 9.4/10 Overall
  • Charles Schwab - 9.3/10 Overall
  • City Index - 9.3/10 Overall
  • XTB - 9.1/10 Overall
  • eToro - 8.8/10 Overall
IG
star 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. Read full review

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.)

Interactive Brokers
star 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. Read full review

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

Earn up to 4.83% on idle cash balances.

(66% of retail CFD accounts lose money.)

Saxo
star 9.7/10 Overall
Minimum Deposit$0
Tier-1 Licenses7
Tradeable Symbols (Total)70000

Saxo is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo 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. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
CMC Markets
star 9.6/10 Overall
Minimum Deposit$0
Tier-1 Licenses5
Tradeable Symbols (Total)11925

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. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
FOREX.com
star 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. Read full review

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!

(69%-77.7% of retail CFD accounts lose money.)

Charles Schwab
star 9.3/10 Overall
Minimum Deposit$0
Tier-1 Licenses5
Tradeable Symbols (Total)40000

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, Charles Schwab's forex offering consists of just over 70 currency pairs, along with powerful research and trading tools. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
City Index
star 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). Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
XTB
star 9.1/10 Overall
Minimum Deposit$0 info
Tier-1 Licenses2
Tradeable Symbols (Total)6100

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. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
eToro
star 8.8/10 Overall
Minimum Deposit$10-$10,000
Tier-1 Licenses3
Tradeable Symbols (Total)3479

Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)No
Web PlatformYes
MetaTrader 4 (MT4)No
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
IG logoIG Yes Yes info Yes 33 19537 99
Saxo logoSaxo Yes Yes Yes 64 70000 99
CMC Markets logoCMC Markets Yes Yes Yes 29 11925 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
TD Ameritrade logoTD Ameritrade Yes Yes Yes 360 0 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: IG

Our research team has conducted extensive testing on the overall mobile forex trading experience at IG. We were so impressed by the broker's mobile features and trading tools that we awarded IG an overall rating of 10/10 in the mobile trading category. After testing mobile apps from dozens of forex brokers, we've ranked IG #1 out of 62 total brokers for the overall mobile trading experience, making it our top pick for traders in 2024.

Check out a breakdown of IG's individual 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

Runner-up: Interactive Brokers

Interactive Brokers received an overall rating of 9.5/10 in the mobile trading category. The impressive mobile features available at Interactive Brokers have us ranking it in the #2 spot for mobile trading out of the 62 brokers we've tested and reviewed. Simply put, Interactive Brokers is an excellent choice for forex traders who want a great mobile trading experience.

Check out a breakdown of Interactive Brokers's most important mobile features.

  • Android App - Yes
  • Apple App - Yes
  • Mobile Alerts (Basic Fields) - Yes
  • Mobile Watchlist - Yes
  • Watchlists (Total Fields) - 640
  • Charting Indicators - 70
  • Charting - Drawing Tools - 6

Interactive Brokers mobile app screenshots

Podium finisher: Saxo

Saxo received an overall rating of 10/10 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 Saxo's most important 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 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 IG to compare the broker's mobile and desktop platforms, side-by-side:

IG desktop platform screenshots:

IG 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 2024:

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
IG logoIG 9.9 £250.00 0.98 info 99 19537 IG Review Visit Site
Saxo logoSaxo 9.7 $0 1.1 info 99 70000 Saxo Review Read Review
CMC Markets logoCMC Markets 9.6 $0 0.61 info 99 11925 CMC Markets Review Read Review
Charles Schwab logoCharles Schwab 9.3 $0 1.25 info 99 40000 Charles Schwab Review Read Review
Interactive Brokers logoInteractive Brokers 9.9 $0 0.63 info 99 8500 Interactive Brokers Review Visit Site
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 Read Review
OANDA logoOANDA 8.5 $0 1.57 info 93 1744 info OANDA Review Read Review
XTB logoXTB 9.1 $0 info 1.00 info 96 6100 XTB Group Review Read Review

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

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. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and 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.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

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