Updated September 14, 2021
What is the best Forex trading app for smartphone trading in 2021? In this article, we have selected the best forex trading platforms.
The best Forex trading apps are becoming more accessible through the use of apps for mobile devices such as smartphones and tablets.
This is especially useful when, in today's interconnected world, the foreign exchange market plays an important role in day-to-day operations. It is a global, decentralized environment in which financial institutions, businesses and ordinary users can trade currencies.
According to a study by the Bank for International Settlements, the daily volume of forex trading is about $ 5.0 trillion, which is more than in other financial markets. It is dominated by large international banks and corporations that trade and convert international currencies around the clock.
Forex trading also supports international trading and investment. For example, if American companies want to import goods into Europe, they will most likely have to transact in euros. Through forex, these firms can quickly and easily exchange dollars for euros.
Forex trading not only promotes trade between countries, but is also a profitable investment opportunity for users on the Internet. Companies and investors make billions every day buying and trading currencies. However, in order for Forex trading to be profitable, significant experience and skills are required.
This is where trading platforms and mobile apps come into play to automate these common business practices. In essence, they provide users with the best possible currency trading experience. Find out which Forex trading app is best for smartphone trading.
In our opinion, the best apps for forex trading
1. Olymp Trade
(Image courtesy of Olymp Trade)
1. Olymp Trade
Best forex app. One of the popular forex trading platforms
REASONS TO BUY:
+ Good teaching materials
+ Wide range of trading assets
+ Deposit from $10
+ Spread from 0
+ Free apps to trade forex for iOS, Android and PC
+ Suitable for beginners
Olymp Trade is one of the largest and most popular trading platforms in the world for Forex as well as Fixed Time Trades offering a wide range of instruments. Used by traders in over 165 countries and fully regulated, Olymp Trade software is a trusted platform for Forex trading.
However, what it really excels at is that it focuses on trying to educate forex traders to help lower their chances of losing money. He does this through his Olymp Trade platform. The information is presented in a clear and easy-to-read form and really highlights the risks to be considered. So, if you are new to currency trading, you can feel better prepared and more confident in managing not only trades, but risks as well, instead of rushing into dangerous leverage that can quickly lead to the loss of your money.
While this is a big plus for Olymp Trade, it is a broad platform covering a wide range of trading products, including stocks, forex and Fixed Time Trades. Therefore, if you want to focus only on forex, you can compare the forex trading platform and note the fast execution of transactions, user-friendly interface and many assets. The application can be downloaded for free on Android, iOS and PC Windows, Mac.
However, the introductory and background material is well worth learning, and if you want to do something more than currency trading, you are in the perfect place to expand your investment strategy to other products.
Olymp Trade is one of the best apps to trade forex and selection of investments, trading platforms and even the necessary research. These include stocks, FTT, ETF, forex, margin trading, and cryptocurrency trading. The app is available on Google Play and the App Store for free.
If you are just getting started in foreign exchange trading, Olymp Trade offers interactive courses, webcasts and research to help you prepare to enter the real world of trading. One of the main functions of Olymp Trade is professional and reliable support for both new and existing traders.
Newbies can start trading with the Olymp Trade demo account, which also has tutorials to guide them every step of the way, as well as webinars and even a dedicated account manager. Trading is carried out quickly using high-tech tools and is ultimately safe, and investing becomes easier and more convenient for beginners. Olymp Trade offers users a large number of strategies as a guide, profit and even full control over their investments. This is one of the best forex apps for beginners.
You can download Olymp Trade here - link
(Image courtesy of MetaTrader)
Popular Forex Trading Platform
REASONS TO BUY:
+ Several financial instruments
+ Interactive charts
+ Tools and news
+ Free apps for iOS and Android
MetaTrader is one of the most popular trading platforms for retail investors using Android and iOS devices, allowing you to trade stocks, currencies, futures and other financial instruments from your mobile device.
The app provides general analysis of financial markets using a series of real-time charts that include historical information to track prices and quotes. With this application, you can also easily switch between different financial instruments, as well as SL and TP values on charts, as well as visualization of trading information. Charts are also interactive, with the ability to scale and scale.
There are also a number of analytical tools such as Gann, Fibonacci and Elliott instruments, as well as current financial news. MetaTrader allows you to trade not only from your smartphone, but also from any browser running on any OS, without any additional software.
Algorithmic trading is also one of the MetaTrader functions. This applies to the development of trading robots and technical indicators that allow you to develop, test and apply expert advisors and technical indicators. This eliminates any problems that may arise in analytical and trading activities.
Other MetaTrader features include an unlimited number of charts, trading signals, a dedicated MetaTrader marketplace for all indicators and trading robots needs, and a powerful trading system with support for three execution modes.
Millions of traders have turned to MetaTrader, and anyone can join them for free. The MetaTrader application gives users the ability to manage their trading account from any device and from anywhere.
You can download the MetaTrader app here - link
(Image courtesy of FXTM)
Forex automated trading platform
REASONS TO BUY:
+ Automated Forex Trading
+ Fully adjustable
+ Used all over the world
When choosing any financial management platform, it is important to look for reliable suppliers. It is marketed as an automatic foreign exchange broker.
The great thing about this platform is that it is designed for both professionals and beginners. For example, flexible leverage allows you to increase your earning potential, but it is only offered to you based on your knowledge and experience. If you are truly going to become an expert in this field, you can access a variety of educational resources.
Currently, you can work with both fixed and variable spreads, and once a trade is completed, the company processes withdrawal requests in just a few minutes. You should also have no problem using the software. All you need to do is register an account, upload your verification documents and transfer funds before trading.
Moreover, the software can execute trades at millisecond execution speed. In other features, you can receive daily commentary from the firm's market research team and use a range of free trading tools to make more informed decisions.
You can access the software on Windows, Mac, iOS and Android devices, and the company claims that it covers 100% of your deposits up to $ 1,000. FXTM is also known for offering a wide range of trading tools that users can use to learn how to trade, start trading and invest. Their trading conditions are unmatched, making them some of the best on the market. Since FXTM is globally licensed, users' funds are guaranteed to be protected. Trading is carried out quickly using high-tech instruments and is ultimately safe, and investing becomes easier and more convenient. FXTM offers users a wide variety of strategies as a guide.
You can download FXTM here - link
(Image credit: Stock Trainer)
4. Stock Trainer
Forex trading platform for practice
REASONS TO BUY:
+ Training app
+ Development of investment experience
REASONS TO AVOID:
- Only for Android
If you are tempted to invest in the stock market and financial instruments, but are not yet sure to do so, then Stock Trainer from A-Life Software may be the trading platform you need.
The app offers virtual stock trading using real market data so that you can gain experience, knowledge and understanding of the entire trading process. Better yet, the app is pretty complete in terms of features, covers 20 stock markets and provides stop loss and limit order support.
It is possible to create a portfolio, and the information is a provider of information on the most profitable and losers, with charts obtained over the past ten years. In addition, investment news and a business magazine are provided for further guidance. Several GUI themes are also available to personalize the experience.
Stock Trainer is an Android app offering virtual stock trading based heavily on the current market. The app is available on the Android Google Play store for free and is ad-supported, although a premium version is available to remove these ads.
Newbies willing to learn how to trade profitably can greatly benefit from the Stock Trainer. Likewise, seasoned traders can use the Stock Trainer to practice new strategies to reduce the associated risks, if any, when implementing these strategies in the market. Stock Trainer is packed with features and offers many of the same tools as real trading platforms, which sets it apart from many beginner trading apps.
The wide range of supported stock exchanges includes exchanges from 13 countries. If you are someone exploring new strategies and willing to take calculated risks, this app is a great platform for you. This application continues to evolve and new features are still being added, but users can already download the application and start trading.
The app reportedly does not handle share split and can only be installed on Android devices. The potential that the iOS market can bring to the success of this app remains to be explored. However, it turns out to be user-friendly, helping the newbie get a good enough understanding of how the markets work. With this app, users can learn from their mistakes and make the right decisions, providing an excellent platform to gain the necessary stock market experience.
You can register for the Stock Trainer here - link
(Image courtesy of ThinkMarkets)
Forex trading platform with analysis
REASONS TO BUY:
+ Forex analysis tools
+ 160 indicators of intelligence
+ Free apps for iOS and Android
If you are looking for an advanced forex trading and analysis tool, you should try Thinktrader, formerly known as Trade Interceptor. With the platform, you can quickly find and track the best currencies and stocks to invest your money in. It offers 14 advanced chart types as well as 160 analytical indicators and drawing tools.
Previously, this software was only available for desktop computers, but finally it made its way to mobile devices. There is a touch control trade management function, as well as split-screen and four-screen modes, so you can follow multiple markets at the same time.
Like other apps, the app is cloud-based, giving you access to analysis tools, trade data and price alerts from any device. It provides streaming quotes for all major foreign exchange transactions, cryptocurrencies, indices, precious metals and commodities. In addition, you can access professionally selected news coverage covering the Asian, European and American markets.
There are many built-in trading tools, including an economic calendar, data release alerts, a trading simulator, analytics reports, and a risk scanner. They have been authorized and regulated by the FCA in the UK and the ASIC in Australia, which helps build customer confidence. The app can be downloaded for free on Android and iOS.
ThinkTrader offers handy features that include one-click closing multiple orders so that users can close all positions and all current positions with one click; single sign-on for multiple devices so that users can trade seamlessly across all their devices; a similar interface for desktops, mobile devices and tablets for ease of use; and powerful technical analysis tools that make it easier and faster to find new ways to analyze the markets.
Other features include real-time news from FX Wire Pro, in-app deposits and withdrawals, and customizable trading history reports. With all these features, users can easily stay up to date with the latest news, make deposits and submit withdrawal requests, and quickly view their trading history.
You can download ThinkTrader here - link
What Makes a Good Forex Trading App?
The Forex trading app is designed to engage users, but if you want to get serious about learning trading and aim to become a seasoned, experienced and frequent trader, make sure your Forex trading app optionally has one or all of the following characteristics:
1. There are learning and teaching resources available in the app.
Mastering Forex trading is not easy. The best apps provide all the information you need to become a successful forex trader. These should include current events in the international arena and especially the technical side of trade.
2. The app provides updates.
A Forex trading application must have up-to-date information in real time, as this is very important for trading. This is mainly because a currency can have changing values in a matter of seconds and making concise decisions is critical.
3. In the application, the minimum spreads.
Spread is the amount of commission that your forex broker charges you and should be minimized as much as possible. This will start to make sense when you start increasing your trading frequency.
Getting Started with Forex Trading
Trading Forex can be a daunting task and now that all the options are available where users can trade in real time using mobile apps on their smartphones, it has become much easier to trade on the go.
Smartphone trading has gradually become the preferred platform for most forex brokers due to its convenience, and since most mobile apps now offer full functionality, there is no reason why any newbie would also want to try trading on the go.
It is very easy to create an account with these Forex trading apps for any level. It is important to remember that choosing the right Forex trading application can significantly affect your results in the market. Whether you have an iOS or Android smartphone and need an account where you can practice your newly acquired trading knowledge, most applications will satisfy most of your needs.
The modern world has become highly dependent on technology and the Internet. While it takes considerable experience to become a skilled forex trader who can conquer the market, the opportunity to invest and make millions becomes attainable.
While most of these Forex trading apps are usually free to download on most platforms available today, always keep an eye on the important features and functions when choosing a Forex trading app. After all, when you take risks in this new and rather complex area, it is helpful to be as informed as possible. Your application can make or break your game and the success you strive for.