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Best Forex Trading App 2022 List



Here is a list listing the top forex trading apps available right now. Scroll down to see our reviews of each forex trading application!

  1. eToro – Overall Best Forex Trading App 2022

  2. Capital.com Best Forex Trading App For Beginners

  3. Libertex - Popular Forex Trading App That Offers Tight Spreads

  4. AvaTrade Multiple Forex Trading Apps with Competitive Fees

  5. Forex.com Forex Trading App with More Than 80+ Currency Pairs

  6. TD Ameritrade Top-Rated Forex App with Seasoned Traders

  7. CedarFX Best Forex Trading App for Leverage (1.500)

  8. FXCM is the Best Forex Trading App For Algo Trading

  9. Interactive Brokers Best Forex Trading App For Professionals

  10. FXTM Best Forex Trading App For Education

1. eToro - The Best Forex Trading App in 2022

We found that eToro is the best forex trading application for 2022. You can download the app to your Android or iOS smartphone and have access thousands of financial instruments. These include over 2,400 stocks, ETFs and indices as well as commodities and forex.

You can trade hundreds of pairs in the current section of the app, from all major and minor categories. Trades on the eToro app are free and there is no commission. Spreads are also very competitive. Leverage is also available - eToro offers retail investors a 1:30 leverage on major pairs, and a 1:20 leverage on minors or exotics. The app is easy to use and provides a great trading experience.

eToro makes it easy to make payments. You can deposit funds immediately with a debit/credit (Visa MasterCard, Maestro), and e-wallets like Payal or Neteller. Although international and local bank wires can be supported, they may take slightly longer to arrive. eToro is your automated trading application. The app also includes a popular copy trading tool, which allows you to trade forex independently.

There will be thousands of forex traders who are experienced and eToro will give you a wealth of data points. You can see how much the trader has made and what risk they take on the eToro platform. eToro has strict safety regulations. This includes licenses with the FCA (UK), CySEC(Cyprus) and ASIC (Australia). Taking all the above into consideration, eToro is the best forex trading application on the market.

2. Capital.com - Best Forex Trading app for Beginners

Capital.com provides a simple forex trading app, which is great for beginners. A minimum deposit of $20 is required to get started. You might also choose to use the demo account option.

You can trade forex from your smartphone without having to risk capital. This broker is highly rated and allows you to trade commission-free on a variety of currency markets. Spreads are extremely tight, especially for major pairs during regular market hours.

You don't have to pay any fees for withdrawing or depositing funds. Capital.com offers CFD markets for stocks, commodities, indices and cryptocurrencies. This top-rated forex trading app supports e-wallets as well as debit cards, credit cards and bank transfers. The FCA and CySEC regulate the app.

3. Libertex - Popular Forex Trading App With Zero Spreads

Libertex is a well-known CFD trading website that stands out in terms of the fees. This is the only forex trading platform that has zero spreads. This means there will not be a gap between the buy or sell price of your preferred forex market. This is an industry-leading feature. The Libertex app will charge a small commission, which can vary depending on the pair.

You will pay just 0.006% per slide for the likes of EUR/JPY and USD/CHF. Libertex has a wide range of supported currencies. This includes exotic currencies like the Chilean peso and Mexican pesos, Turkish lire, and Chinese Yuan. Libertex's popularity is due to the fact that you can trade exotic pairs without spreading.

Libertex offers markets on stocks and ETFs as well as indices, energies and precious metals. The Libertex app allows you to open an account in just minutes. There is no minimum deposit and it takes only $100. You can use the app to make payments using a variety of payment methods, including debit/credit cards and e-wallets as well as bank wires. The CySEC regulates this top-rated provider, which has been providing forex trading services for over 20 years.

4. AvaTrade: Multiple Forex Trading Apps with Competitive Fees


AvaTrade, an automated trading platform, offers markets for stock CFDs and commodities, digital currencies, indexes, and forex. The provider supports many different forex trading apps. AvaTradeGO, which is AvaTrade's native app, might be a good option for beginners.

This provides a great user experience, and you will have access to the same markets as the main AvaTrade site. If you're an experienced trader, linking your AvaTrade account to the MT4 and MT5 apps might be a good option. You will be able to access a lot more tools such as chart analysis and order types. Additionally, you can deploy a forex bot.

AvaTrade provides access to hundreds of forex pairs, regardless of whether you use AvaTradeGO (or a third-party application). Trades can be made with leverage, and spread fees are included in the spread. AvaTrade is therefore commission-free. AvaTrade is licensed in six countries when it comes to safety. This includes licenses with FSA (UK), IIROC (Canada) and Central Bank of Ireland.

5. Forex.com - Forex trading app with more than 80+ currency pairs

Forex.com, as the name suggests, is an online trading platform that specializes on currencies. A popular forex trading app is also available on the platform, which can be used with both Android and iOS phones. Forex.com offers access to more than 80 currency pairs. This is a huge number. You can access all major and minor currency pairs as well as a wide range of exotics.

Forex.com's mobile app is packed with technical indicators and charting tools. This makes it a great tool for anyone who needs to do research on the go. You can also trade risk-free with the demo account. Trading fees will vary depending on which account type you have.

There are two types of accounts: a STP Pro account with zero spreads that offers no commissions, and one that is free from commissions for newbies. If you choose to bank transfer, there is no minimum deposit. The minimum deposit required to deposit funds via bank transfer is $100. You can also trade other financial instruments through the Forex.com app, including gold, silver and shares.

6. TD Ameritrade – Top-Rated Forex App with Seasoned Traders

TD Ameritrade is a popular brokerage in traditional investments. The firm offers thousands of stocks and bonds as well as index funds, mutual funds. ETFs and other funds. TD Ameritrade also has one of the most popular forex trading apps on the market.

The mobile app, which it calls "thinkorswim", is loaded with advanced charting tools. These include customizable chart layouts and hundreds of technical indicators. You can also set up custom alerts in the thinkorswim app and get daily market updates.

TD Ameritrade has more than 70 currency pairs that can be traded with leverage. The top-rated forex trading application does not charge commissions. It is only the spread you should consider. Lastly, TD Ameritrade will require you to fund your account via a bank transfer. However, there is no minimum balance.

7. CedarFX - Best Forex Trading app for leverage (1:500).

 cedar fx is an online trading platform that offers high leverage. The broker provides leverage up to 1:500, even for retail clients. This means you can enter a position that is 500 times your account balance. That's huge.

On precious metals, leverage is offered at 1:500, while stocks, indices and cryptocurrencies offer slightly lower leverage. All markets, including forex, are available on the CedarFX app without commission. We found the spreads offered by the provider to be very competitive. You can trade USD/JPY or EUR/USD at just 0.8 pip.

CedarFX also offers live chat, which is available 24 hours a day, 7 days a week. CedarFX lets you withdraw and deposit funds with Bitcoin. You can buy Bitcoin using CedarFX's partner payment provider, which works with your debit/credit cards.

8. FXCM – Best Forex Trading App For Algo Trading

FXCM, an online broker licensed by the government, offers thousands of markets. This covers forex, stocks and commodities, as well as indices. This covers many major, minor, or exotic currency pairs.

FXCM allows you to trade without any commissions. All fees are included in the spread. FXCM is a great platform for forex EAs and algo trading. The platform even has its own third-party shop where you can purchase automated strategies, indicators, indicators, trading scripts and other tools.

These can be set up using MT4 and the app downloaded to your smartphone. You can monitor your algo trading strategies directly from your mobile device by connecting the MT4 app with FXCM. FXCM has been in the industry for over two decades and is licensed by FCA. For non-EU clients, the minimum deposit is $50

How to Select the Best Forex Trading App For You

Are you still unsure of the best forex trading app for your needs?It's a smart idea to do some research before opening an account with a provider. Below are the steps to help you choose the best forex broker app .

Regulation

Most countries have strict regulations for forex trading. This is done to protect retail investors from fraudulent broker practices. At least one financial institution has regulated all of the top forex trading applications mentioned on this page.eToro, for example, is regulated by ASIC and CySEC as well as the FCA. AvaTrade, on the other hand, is licensed in six jurisdictions. This ensures your capital is always protected and allows you to trade in fair and transparent conditions.

FX Pairs

We found that all of the top forex trading apps offer a wide range of forex pairs. It usually includes all major and minor currencies, as well as a variety of exotics.These include the South African rand, the Mexican peso and the Turkish lira. No matter which pair you choose to speculate on, make sure your currency trading application supports them.

Fees

Even the most reliable forex trading apps providers are in business to make money. So you should understand the fees that you will have to pay. eToro is an example of a forex trading platform that doesn't charge any commission. Libertex charges a small commission starting at 0.006% per slide. However, spreads are not charged.Spreads and commissions are the primary way forex trading apps make their money. You should also be aware of fees related to withdrawals and overnight financing.

Trading Tools and Features

Some trading apps only offer basic functionality. This means that you can trade forex, but not much else. On the other side of the spectrum are providers such as eToro and AvaTrade that offer a wide range of trading tools and features.

You can trade forex at eToro via the Copy Trading tool. You only need to choose which forex trader to copy and how much to invest (minimum 500).

Any trades made by the trader will then be reflected in your eToro account at a proportionate sum. Let's take, for example, $2,000 that you have invested in a trader. Your trade size would be $80 if the trader allocated 4% of their capital for a EUR/USD long trade.

Education, Research & Analysis

Technical analysis is a key component of forex trading. This industry's best forex traders rely on it to consistently make gains. This is why the best forex trading apps offer core analysis tools such as pricing quotes and technical indicators.

It will be very difficult to perform technical analysis on your smartphone. However, the best forex trading apps providers have optimized their applications to make it possible to perform technical analysis on a smaller screen.


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