Numerous considerations come into play when selecting a forex broker or the best forex trading apps. Trustworthiness, trading platform features, forex app usability, costs, tradable markets, customer service quality, and accessibility are typically at the top of the list. Here are five of the best trading apps in UK that you can also use in other countries.
Best Forex Trading Apps for Getting Better Profit
1. IG Forex Trading App
If you have looked online for places to learn forex trading, you are already familiar with IG because it is one of the most well-known names in the forex sector. The forex broker has been in operation since 1974, which is a very long time.
The services offered by IG have changed significantly over time. It now gives customers access to more than 17,000 instruments. The multi-asset broker provides an index, stock, commodity, cryptocurrency, ETF, bond, IPO, and other asset classes and trading instruments in addition to the major, exotic, and emerging market FX pairs.
IG is recognized for its tight profit margins and affordable prices. It also offers extremely responsive, 24/7 support.
With IG, you may instantly open an account and fund it with a bank transfer or debit/credit card. Even a comprehensive introduction program is available to help new users feel comfortable and start trading with confidence. Even novice forex traders may easily use and understand the IG forex trading app. It supports all of the functions found on the primary FX trading platform.
IG has received numerous honors, including recognition as the best forex trading platform, the best overall broker, the best supplier of CFD and stock trading, the best finance app, and more from some of the most reliable authorities.
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2. Forex.com
A well-known provider of forex trading services, Forex.com was created in 2001 and is a unit of the StoneX financial organization. If one were to judge a website solely by its name, one could conclude that Forex.com is the best place to trade currencies. It isn't just the name that distinguishes it as one of the top forex trading apps available. The service provider says that it offers "the whole CFD trading experience," and it is, in fact, a fantastic option for individuals who want to begin trading CFDs. It has received numerous awards for its highly effective forex trading platforms throughout the years. The Meta Trader 5 desktop platform is used. However, given their ease of use and abundance of tools and features, such as integrated TradingView charts and a facility for creating personalized wishlists, mobile applications need greater attention. One-swipe trading is available on the iOS and Android forex trading apps, which makes it possible to trade while on the go.
With over 80 pairs and minimal spreads, the FX offering is competitive. For instance, the EUR/USD spread is just 0.5 points. It is important to keep in mind, though, that in addition to dealing in currencies, Forex.com also provides CFD trading for equities, commodities, indices, and cryptocurrencies.
3. eToro
Even those who are new to the business are likely already familiar with the service provider given eToro's aggressive marketing. For those who aren't aware, eToro is a multi-asset investment platform that is not only quite new but also very well-liked. The Cyprus-registered broker was established in 2007 and provides a social trading platform where you can buy and sell CFDs on different instruments. You can trade stocks, cryptocurrencies, commodities, indices, exchange-traded funds (ETFs), and currencies on eToro.
Regarding platform features, the service provider excels. Using the social trading platform, traders may create intelligent portfolios, review analyst research, access advanced charting features and more. They can also copy other traders' activities in real-time. The apps are well-known for their user-friendliness, clear UI, and appealing appearance. They enable you to communicate with the 25 million traders on eToro on the go and exchange trading concepts.
You will be given a free $100,000 demo account to test out the platform when you sign up for an eToro account.
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4. Oanda
Over 25 years have passed since the founding of Oanda. Even though the majority of you may recognize it as a genuine market data source, it is one of the well-known forex trading platforms. You can trade more than 120 CFD instruments with the broker. They include various indexes, cryptocurrencies, commodities, bonds, and more than 70 different FX pairs. For EUR/USD and EUR/GBP, the spreads start at 0.8 pips, which is fair. It's important to note that Oanda continues to support the MT4 platform. This does not imply, however, that its forex trading services are in any way constrained. Any forex trader with technical expertise can automate their trading tactics thanks to Oanda's robust APIs.
5. FXTM
One of the best forex trading apps in the market, Forex Time, or FXTM for short, has existed since 2011. The broker has drawn more than 4 million traders over a little more than ten years.
You can trade currencies, indices, and commodities on FXTM. Over 60 FX pairings are supported by the platform. Furthermore, the Advantage account, the most popular account type offered by FXTM, offers spread-free trading on currency pairs including EUR/USD and USD/JPY.
Given that the forex market is the most active and one of the oldest, it should come as no surprise that many service providers are worthy of consideration. Everyone may find something on the list of the best forex trading apps, from total beginners to seasoned and successful forex traders. But ultimately, it all comes down to what one is looking for.