Not every online forex broker has dedicated the same number of resources to developing a trading app. As such, the quality of these trading apps can vary quite widely depending on the broker you open an account with.
In this short article, we will set out some of the best options available if you want to make trades on the go. We will give you a brief overview of the best forex broker apps from the following brokers:
Thanks to a series of high-profile endorsement deals signed in recent years, IG is one of the world’s most recognisable online brokers. With a history stretching back to 1974, it is also one of the world’s most well-established players in the trading and investment space.
Despite having so much experience behind it, IG has adapted well to the increasingly digital and mobile age of online trading. To support its desktop trading experience, IG has an incredibly well-developed mobile trading app that offers all the functionality you could hope for.
The IG Forex app allows you to access your portfolio on the go and execute trades seamlessly. This is supported by excellent customer support and a smooth set-up process. The app comes in both Android and iOS versions, in addition to an iPad-specific version. IG also provides access to a dedicated education and training app – the IG Academy app.
Saxo Markets is a premium brokerage service offered as part of the Saxo group of companies. With a primary focus on the European market, Saxo Markets provides trading services to thousands of customers from its primary base in Denmark. Saxo Markets has become popular with traders across the continent for its user-friendly trading, which is perfectly suited to beginner and intermediate traders. As part of this, the Saxo Markets team has developed and released an excellent mobile forex trading app that easily competes with some of the biggest and best brokers out there! The Saxo Markets mobile app perfectly complements the desktop trading experience, even incorporating its massive library of trading resources. This also includes providing access to its charting tools. If you want a mobile forex trading experience that is optimised for speed and efficiency but without sacrificing many of the advanced features of the desktop trading terminal, then Saxo Markets is an excellent choice! Saxo Markets provides a seamless mobile trading experience that perfectly complements the desktop trading experience, which includes access to its catalogue of market reports, trading indicators and other important market data.
Set up in 2008 by a team of experienced industry professionals, Plus500 is one of the many new brokers to emerge in the age of online trading. As such, it is perhaps little surprise that it was also one of the earliest to develop a full-fledged mobile trading app. The Plus500 app provides all of the basic features you would expect to see, with plenty of more advanced ones to satisfy the needs of more experienced traders. It comes in both Android and iOS versions, with both being equally well rated by users. When compared to the Plus500 web-trader, little if any functionality has been sacrificed.
Although lacking the same level of brand recognition as some of the other larger brokers out there, ClickTrades.com has nevertheless built up quite the following since it was first set up a few years ago. Since then, it has been very much a case of going from strength to strength for ClickTrades.com. Part of this success is down to the streamlined online trading experience it offers, which has proved a hit with the novice and intermediate trader demographic. ClickTrades.com has developed a suite of well-designed trading tools to enhance the trading experience. This includes both a proprietary web-trader and a mobile version. The ClickTrades.com web-trader will automatically scale to any device you access it from, so you don’t have to download a dedicated mobile app to make trades on the go!
As one of the most popular online trading platforms in the European market, XTB provides its users with access to some of the best mobile trading experiences around. This perfectly complements everything else it has on offer, which includes highly competitive spreads, excellent trading conditions, efficient withdrawals and deposits, and a wide selection of financial instruments to trade in an instant. Much of the core functionality of the mobile trading experience is pretty much as you would expect. You can access lots of research and analysis tools, make changes to your trading account, and place trades quickly and efficiently. The mobile forex app comes in both iOS and Android versions and provides streamlined execution. The app is robust and stable, though the interface might feel slightly clunky at first.
As you can see, there is a wide range of mobile forex app options available to those wanting to trade on the go. However, many of these vary quite widely in terms of quality. How do you select the best mobile forex app for beginners?
Beginners wanting to take their trading on the go should look for a forex app that streamlines the process as much as possible. This is particularly important as mobile apps have a smaller screen to play with, so some of the more advanced features might have to be sacrificed.
With that said, any of the five brokers identified above are a solid choice for novice traders as they have all designed their forex apps according to this specification.
Order placement will generally be quick and easy, though you might miss out on some of the more advanced charting tools that you will have access to on the desktop versions.
Thanks to the wide support for mobile forex trading apps across the industry, those wanting to trade forex on the go have a lot of options available! These apps offer much of the same functionality that you expect from desktop trading apps, though some of the more advanced charting features might have to be sacrificed due to the smaller-screen real estate. Forex trades can be planned and executed seamlessly at the click of a button!
All the brokers listed above provide a streamlined trading experience. This is equally true across all categories of financial instruments. Forex trading does not necessarily require any specific functionality or features that other financial instruments do not. As such, any of those online brokers listed above make a great option for forex trading.
If you are now interested in getting started forex trading on the go, there are several considerations you should keep in mind to help you settle on the perfect forex trading app.
First, you should assure yourself that the broker you are interested in meets the proper regulatory requirements you would expect. This includes being licensed to offer forex trading services, as well as meeting the other regulatory requirements – such as AML, KYC and other similar certifications. Look for regulatory licenses from trusted jurisdictions, such as the US, the UK, Australia, Singapore and any other similar European countries.
Second, you should think about how much trading you expect to make using the forex app. If you only intend to make the odd trade here and there using the app, your needs in terms of features will be pretty low. If, however, you expect to process a high volume of trades, you will need something more robust. This might mean choosing a broker such as IG, which has developed mobile phone as well as tablet-specific apps. Your needs for specific features should dictate what app you try out.
Finally, you should always check out the demo apps on offer before committing any funds or making real trades. Many of the major trading platforms offer full demo account access, which lets you try out the app with a demo account in a risk-free environment. Using a demo account will give you a good sense of how usable the app is, without having to risk any real funds.