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Sumaira Shaikh
- January 24, 2024
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Top 10 Best Forex Trading Apps in the World (Updated List 2024 )
The forex market is the most significant finance market in the world. With more than 6 trillion dollars transacted daily across currencies, forex trading apps have grown significantly.
Traders can access the markets anytime using the Forex app and stay updated with the market. This post will explore the top ten best forex trading apps based on their functions, usability, tools, and analysis.
List Of 10 Best Forex Trading Apps for Beginners in 2024
1. AvaTradeGO
2. IG forex app
3. eToro
4. TradingView
5. OANDA fxTrade Mobile
6. NinjaTrader
7. cTrader
8. MetaTrader 5
9. MetaTrader 4
10. Admirals
1. AvaTradeGO
AvaTrade is a global online brokerage and trading platform with a forex app called AvaTradeGO. Established in 2006, it offers access to over 250 financial products, including bonds, indices, stocks, currency, and exchange-traded funds (ETFs).
With the support of an internationally reputable brokerage, AvaTrade offers a competent and dependable forex trading software experience. It does not have sophisticated capabilities, but traders can access more than 250 markets straight from their iOS and Android smartphones.
2. IG forex app
IG Markets was created in 1974 and offers retail traders digital stockbroking and trade services for indices, shares, currency, and derivatives. It is regulated in several tier-1 jurisdictions and provides sophisticated trading platforms, insight tools, and risk management features.
With its mobile app, IG Markets provides the best forex trading app experience that allows access to various markets. Despite potentially costing more than pure-play brokers, its platform makes it an excellent option.
3. eToro
eToro is a multi-asset trading and investment platform established in 2007. With more than 27 million users worldwide, eToro strives to offer a user-friendly, full-featured experience specifically designed for social and copy trading.
With its novel social trading capabilities, eToro offers novice traders an easy on-ramp to exposure in international markets. Its user-friendly interface on desktop and mobile devices also invites beginners. It is referred to as the best forex trading app for beginners.
4. TradingView
With its robust charting and analytical features, TradingView is one of the top forex trading apps. With more than 30 million monthly users, it strives to offer a space for exchanging trading concepts, conversations, and observations.
TradingView integrates trader comments and ideas into a single platform. It offers superior analysis capabilities across devices while focusing on creating a trading community. Because of its robust tools and lively ecology, it is one of the best forex trading apps.
5. OANDA fxTrade Mobile
Forex trading apps OANDA fxTrade Mobile can be downloaded via retail brokerage OANDA. It specializes in currency trading for business and retail customers in over 180 nations.
OANDA offers an intuitive forex trading software interface for novice and expert traders. For those who trade forex regularly, its flawless mobile experience makes it the best forex trading app for beginners, as it focuses only on trading currencies.
6. NinjaTrader
NinjaTrader is among the cutting-edge top forex trading apps acknowledged for offering expert traders robust analytics and quick trade execution. It was established in 2003 to provide active traders with commercial-grade functions.
NinjaTrader offers a remarkable experience for technically proficient traders. For those who desire comprehensive analytics and swift trade execution in mobile and desktop settings, this is one of the best forex trading apps for beginners. Due to its sophisticated features, it is the best option for frequent retail traders.
7. cTrader
A sophisticated trading tool and platform called cTrader was created mainly for forex and CFD traders. UK firm Spotware created cTrader in 2011, a professional-grade toolkit with a quick and easy to use interface.
cTrader offers a superb package tailored to the FX and CFD markets for traders looking for professional-level trading experience with optimum execution speeds. Due to its distinctive Level II pricing data, it is a popular option for active short-term traders.
8. MetaTrader 5
MetaTrader, a forex trading app download created by MetaQuotes Software, is the latest version of the esteemed MetaTrader 5 (MT5). Released in 2010, MT5 gives traders all the features of MT4, including cross-market access.
Due to its extended capabilities beyond currency trading, the MetaTrader 5 platform offers traders more flexibility and in-depth insights. These functions are available on mobile devices with the MT5 app. However, it maintains a complexity that is better suited for seasoned traders.
9. MetaTrader 4
One of the most widely used forex trading apps and platforms for FX trading is MetaTrader 4 (MT4). Released in 2005 by MetaQuotes Software, MT4 has comprehensive backtesting options. It also has a vast array of technical indicators, sophisticated charting tools, and a thriving user community that has produced thousands of Expert Advisors (EAs) for automated trading.
The MT4 mobile app allows iOS and Android users to use the sophisticated trading tools of the MT4 platform. Although it is less user-friendly than other programs, dedicated forex traders will find it a great option because of its large user base and charting features.
10. Admirals
Popular forex broker Admirals has a forex trading app download for iOS, Android, and Huawei smartphones. Trade FX and more than 8,000 different CFDs from the tips of your fingers. You can also make deposits and withdrawals within the app.
Forex pairs allow you to trade with leverage up to 1:500 and have tight spreads, with the EUR/USD pair starting at 0.6 pip. This brokerage service provider holds licenses in the UK and Australia, among other nations. You may rest easy knowing that your money is kept separate from the Admirals’ assets and in a different account.
Conclusion:
The most excellent forex trading app will ultimately depend on the trader’s needs and experience, whether that means extensive analytics, copy trading tools, support for particular currency pairs, or seamless cross-device mobility. As technology increases access and capabilities, traders can choose from specific apps to maximize their forex trading efforts.