Foreign Currency and Exchange or Forex market is a place where you can buy, sell, and exchange currencies of multiple denominations. Besides investing in stocks and digital currencies, you can also earn by trading currencies. For that purpose, the best forex trading apps are the right choice for you.
Forex trading apps are handy for both beginners and professional traders. These apps provide traders with all the relevant information that can help them yield maximum profits. Without any further delay, let’s dive into our list of the best forex trading apps. We would also like to highlight some benefits of these best forex trading apps that are as follows:
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Benefits Of Best Forex Trading Apps
Real-time updates: The forex market is highly volatile and, you can become rags to riches in minutes. Thanks to the real-time updates by forex trading apps that fetch every update right at your fingertips. You can track the changes of every moment happening in the forex market.
Technical indicators: Technical indicators play a vital role for every trader. Forex apps do this for you conveniently. You get access to all technical indicators like volatility and volume indicator before making your final trading decision. These technical indicators give a quick overview of all the happenings in the market.
Best Forex Trading Apps 2021
MetaTrader – Free forex trading app
With over 1 million downloads and 600K+ ratings, topping our list of the best forex trading apps is Meta Trader. The app offers a comprehensive trading history of the currency you want to trade on the exchange. You get real-time quotes of the forex market for all the latest updates. You can execute trade orders and pending orders in seconds on the Meta Trader app.
You can take assistance from the real-time forex charts while trading the currency on the forex exchange. You can zoom in and scroll the charts for a holistic interpretation. The app also offers Forex chart color schemes, making it one of the best forex trading apps. You get access to daily financial news that enhances your financial literacy.
The app has 30 popular technical indicators that every trader looks for while trading in the forex market. Besides this, you get 20+ analytical objects like channels, geometric shapes, and lines to analyze the market.
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- 30 popular technical indicators
- 20+ analytical objects
- Real-time forex charts
IQ Forex Broker – forex trading app
IQ Forex Broker is one of the largest and liquid forex platforms traders can opt for while trading currencies. The app offers technical analysis tools, charts, and indicators for real-time updates of the market. The intuitive and clean interface of the app is appealing. With 500+ trading assets, you have multiple investment options to boost your portfolio.
After signing up, you get a free demo account with $10,000 that you can use to master your trading skills. The app also provides educational videos to novices to learn the art of trading in the forex market. The 24/7 multi-lingual customer support is available at your service when you face any difficulty in trading.
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- 500+ Trading assets
- Start with a demo account
- 24/7 multi-lingual support
Webull – best forex trading app
You can trade stocks, ETFs, Cryptocurrency commission-free on the Webull app. You can buy cryptos at a minimum of $1 and track indicators to make the buying decision. The app contains 50 technical indicators and 12 charting tools that will give an insight into the investment avenues.
You get real-time quotes of the trending stocks that help you buy and sell the currency at the right time. The app has a paper trading feature that lets you explore your trading skills. With the help of Webull’s stock screener, you can track all the latest trends of the market and build a strong portfolio.
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- 50 technical indicators
- 12 charting tools
- Stock screener
IQ Option – best forex trading app For android
You can trade currencies, stocks, indices, and commodities on the IQ Option app. The app has a wide range of currency options where you can invest your hard-earned money. It is an award-winning forex platform trusted by millions of users across the globe. You can auto-close your positions, making it one of the best forex trading apps.
The app supports 11 currencies that you can choose based on your preference. You can stay notified of all the movements of the market, thanks to real-time alerts. If you are a beginner, you can take the assistance of video tutorials, articles, and blogs. The app is available in 13+ languages along with 24/7 customer support.
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- Auto-close position
- Educational videos
- Price movement alerts
Forex Market – best forex trading app for iphone
Forex Market is an international forex trading platform traders use for currency trade. The app offers 70+ investment options along with 30+ indicators to keep track of the market sentiment. You get first-hand insights into the market movements that help you make better investment decisions.
You can attend the online seminars of the app to get tips from the leading traders in the market. You also get trading advice and strategy that will help you master the skill of forex trading. The app has a neat design and intuitive interface that enhances the user experience.
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- 70+ investment options
- Intuitive interface
- Trading advice and strategy
Olymp Trade – Free forex trading app
Olymp Trade has been providing quality services to investors for six years. The app has 100+ asset to invest in with 30+ indicators that helps you to make the best investment decision. You can invest in stocks like Apple, Tesla, and Google with the Olymp Trade app.
Besides popular stocks, you can invest in indices, metals, commodities, ETFs, currency, and other assets. You can start with a demo account if you are a beginner and want to learn to trade. The app offers 24/7 multi-lingual support making it one of the best forex trading apps to try.
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- Demo account
- Wide currencies investment
- 30+ Indicators
Simple Signals – forex trading app for beginners
Moving further, Simple Signals is the latter app on our list of the best forex trading apps. The app can be ideal for novices as they get assistance from the best trading experts in the forex market. With scalping, intraday, and swing trading signals, you can stay updated with all the fluctuations of the currencies.
The app comes with a sentiment voting index feature to vote and know about the current market sentiment. You can have a daily, weekly, and monthly view of your trading history. Push notifications will give you all updates on the market.
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- Voting index
- View monthly trading history
- Swing trading signals
Skilling – forex trading app for iphone
With a variety of technical indicators and tools, the Skilling app can be a handy app to start trading. You can choose from the standard and premium account options before start trading in the forex market. The app offers a new research portal that can help you to find the best investment options.
You can analyze your portfolio and trading history to make the best investment decisions. You can execute an order in 0.05 seconds, making it one of the best trading apps on the list. Besides this, the app has hassle-free multiple payment methods you can choose according to your convenience.
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- Technical indicators
- Execute orders quickly
- Hassle-free payment methods
Think Trader – forex trading app for android
Get access to major and minor forex pairs with the Think Trader app. The app has live pricing charts with zoom and scroll options. The intuitive calendar of the app keeps you ahead of the market. With the help of 100+ technical chart indicators, choose the best currency options for investment.
Besides currencies, you can also deal in CFD contracts that could be handy for the risk-takers. The app comes with 40+ analytical objects along with Fibonacci and Elliot tools. 12 timeframes like M1, M5, M15, W1, and MN can be a handy tool for pro investors in the forex market.
You can use the bars, Japanese candlesticks, and Broken line charts to derive the best yielding foreign currency in your portfolio. The app allows you to view up to 4 charts on your mobile screen, making it one of the best forex trading apps.
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- 12 Timeframes
- 10 Charts
- Pricing charts
We hope our comprehensive listicle will help you find the best out of the lot. For professional purposes, we highly recommend users try MetaTrader, IQ Forex Broker, and IQ Option are handy apps you can install on your devices for forex trading. Drop your valuable suggestions about the topics on which you want a listicle in the coming time. You can also add comments to let us know about your favorite app on the list.
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How beginners can start trading in the Forex market?
Beginners can first lookup at educational videos before entering into the forex trading market. It is a highly volatile market where traders need to have in-depth knowledge before investing their hard-earned money. Forex trading apps also provide financial news and materials that keep you stay updated with the latest movement in the market.
Can you do forex trading on your smartphones?
Yes, there are a plethora of forex trading apps available on the Google Play Store and Apple store. Some highly rated forex trading apps are IQ Option and IQ Forex Trader.
Which is riskier, the Stock market or the Forex market?
The forex market is a highly volatile market which makes it riskier than the stock market. Currency is affected by multiple social and political factors that make it difficult for the traders to accurate the sentiment. The stock market would be a safe option if you are want to safely invest.