The foreign exchange market is fast-moving, ever-changing and highly competitive. It’s the world’s largest market with a turnover of over $5 trillion per day. A trading platform is a core instrument that lets investors and traders open, manage and close market positions. Nowadays, it’s easier to get access to real-time updates on Forex anytime and anywhere thanks to the increased availability of mobile Forex trading apps. Their major strengths are high efficiency, low-performance requirements, and ease of use.
Best mobile apps for profitable currency trading
The choice of the right app would greatly contribute to your market opportunities, speed, and accuracy of your response to price movements, comfort, and security while trading, etc. So, let’s review some of the most popular Forex apps currently available.
1. MetaTrader 5
A platform for mobile online trading on the Forex and Stock markets
- Real-time quotes;
- All type of trade orders;
- Full set of trade execution;
- Detailed trading history;
- Free financial news;
- Technical analysis.
The MT5 app allows traders to connect to brokers’ servers, receive stock prices and currency exchange rates, analyze financial markets using charts and technical indicators, trade and view the history of your trading operations. The app is free. Compatibility: iOS, Android.
A free Android application for mobile Forex and Exchange trading
- FX/Crypto Demo/Live trading accounts;
- Live quotes with Depth of Market (L2);
- Main operations with Market and Pending orders;
- Trading history logs;
- Advanced tools for technical analysis;
- Forex market news, FXOpen broker news.
FXOpen TickTrader offers real-time market data, including pricing and charts, for all new and existing FXOpen customers. With the mobile application Forex traders can easily and quickly receive the latest economic and financial news, currency rates, access charts, and market analysis online. The app allows users to trade on FX / Crypto Demo or Live accounts. Compatibility: Android.
Forex trading simulator for beginners
- Educational and training materials;
- Demo account trading;
- Variety of chart types and charting tools;
- Economic calendar and many more.
Forex Tutorials is a comprehensive Forex guide for beginners. Newbies and those early in their trading careers might benefit greatly from the information the app offers. The app is free and does not require registration. All functionality, including demo account trading, interactive charts, and other content like educational and training materials, are instantly available once the app is installed. Compatibility: Android.
Stocks, Finance, Markets & News
- Real-time data;
- Economic calendar;
- Personalized portfolio;
- News & analysis;
- Commodity prices;
- Major stocks, global indices;
- Financial tools.
Investing.com offers a set of financial tools covering a variety of global and local financial instruments: real-time data, economic calendar, personalized portfolio, alerts, news and analysis, financial tools, global indices, and more. It’s a one-stop-shop for traders and investors. Compatibility: iOS, Android.
Forex Trading, Charts, Finance & News
- Summertime notification;
- Pip value and pivot calculator;
- Forex calendar;
- Real-time currency prices and charts;
- Forex Signals;
- Technical analysis;
- Currency converter.
FXhours is an app that monitors the opening hours on the Forex market in the user’s local time, shows the overlapping times, counts DST for each market automatically and accesses to the Forex agenda. It also provides such features as pip value calculator, Forex calendar, currency prices, alerts for open markets, real-time charts, currency converter and more. Compatibility: Android.
6. Trading Game
Stock Market & Forex Trading Investment Learning App
- Unique content: why trade forex, basics, how to reach charts, examples, tips & more;
- Live trading simulator with real-time rates (forex, stocks, commodities, indexes, cryptocurrencies);
- Interactive quiz on currency exchange & stock trading;
- Stock/Forex trading game.
Trading Game is a learning and simulation game that introduces users to the Forex (Foreign Exchange) and Stock Markets. The app is free, fun and simple-to-use for beginners. It offers a guide with illustrations, trading tips, and expert strategy examples. Compatibility: iOS, Android.
Professional trading app with advanced trading and analysis tools
- Robust charts & indicators;
- Industry-leading pricing and services;
- Intelligent trading tools.
Trade Interceptor is a trading app offering advanced trading and analysis tools, previously available only on desktops. Features: robust charts & indicators, industry-leading pricing, and services, intelligent trading tools. Compatibility: iOS, Android, BlackBerry.
Forex & CFD Trading App
- Demo & live trading;
- Build algorithms and set alerts;
- Real-time news & economic calendar.
NetDania Stock & Forex Trader is a Forex & CFD trading app. It provides 20,000+ financial instruments, 10,000+ real-time stocks and indices, 2,200+ currency pairs, real-time streaming tick by tick quotes, interbank FX rates, economic calendar, and more. It lets users trade on live and demo accounts with multiple brokers. Compatibility: iOS, Android
Online Stocks Trading For Beginners
- Real-time quotes from the world financial markets
- Trade (Buy and Sell) Bitcoin & Ethereum
- Live forex chart updated every 5 seconds
- Full trading history
- Simple navigation and user-friendly interface
Forex Game 4 Beginners is a free app for beginners in Forex trading and for those who want to learn the trade on the stock market. It’s a fun, risk-free way to develop your skills as a financial market trader on real Stocks and Forex. The app allows users to get real-time Forex trading data from world financial markets. Compatibility: iOS, Android.
Forex app by Myfxbook
- Economic Calendar;
- Forex Charts;
- Forex News;
- Community Outlook;
Forex Calendar, Market & News application allows Forex traders to track, analyze, and stay up to date with their Forex portfolio and the Forex markets on the go. The app provides the following features: portfolio, economic calendar, markets (over 60 currency pairs in real-time), Forex charts, news, community outlook, calculators, etc. Compatibility: iOS, Android.
These are just a few best Forex apps chosen from the hundreds currently available. Although each of these applications is useful in their own way and provide top-notch features to Forex traders. Remember that trading success depends primarily on your knowledge and skills.
And what mobile apps for trading do you use the most? Please leave your comments or suggestions below.