When choosing a broker, several factors must be considered, especially for those wanting to make mobile investments. Although many choices are available regarding trading apps, potential investors must know how to choose the right Forex trading app.
A trading app must allow users to access their information from a mobile device. This is done via a mobile website optimized for mobile use or a dedicated app.
Both approaches serve the same purpose, although there can be instances where there are limitations when compared to desktop access. These limitations may not affect all investors, but they highlight the importance of carrying out research beforehand.
When searching for a comprehensive list of Forex reading apps, there can be a lot of choices available. Although this showcases how popular Forex trading is, it could mean making a decision is difficult. Fortunately, there is some available guidance for those wanting to find the right Forex trading app.
The following is a comprehensive list of Forex trading apps that provide all the features an investor needs, including easy mobile access from a series of devices.
AvaTrade
In addition to the seamless desktop experience, AvaTrade offers a dedicated mobile app in the form of AvaTradeGo. In addition to a fantastic user experience, the AvaTrade app also allows access to a series of management tools and loss protection, which offers traders protection when losses occur.
The AvaTrade platform is also a great starting point for those begging their foray into Forex, as it is well-regulated and offers access to several instruments, including indices, bonds, CFDs, and Forex. If users are still unsure whether AvaTrade is for them, they may want to try the demo account before trading with real funds.
However, if there are any queries or irregularities when trading with real funds, traders can contact customer support for a prompt resolution.
AvaTrade is the perfect broker for those wanting to focus on CFD and Forex trading and benefit from free commissions and transparent pricing.
Tickmill
Traders searching for flexibility when using a trading app will find plenty of choices when choosing Tickmill as their broker. The Classic and Pro accounts require a minimum deposit of £100 USD, while VIP accounts are tailored towards those making more significant investments with a deposit of $50,000 USD.
The app allows users access to the MT4 and MT5 trading platforms via a dedicated app that accesses the same information as the desktop version, meaning users can be confident of a seamless experience regardless of the device used.
Users of Tickmill can also set up alerts to ensure that they are never missing out on lucrative investments and place Market, Limit and Stop order types within the app.
There is also a lot of support regarding information and analysis, allowing traders to make amendments to their trades using real-time data.
If you are becoming more experienced in trading and are planning to increase investments but want to retain the positive user experience, Tickmill can be the perfect compromise.
XM
XM is a broker that supports MT4 and MT5 and offers three different account types depending on the investor’s requirements. The attractive feature of the XM platform is the fast execution time, meaning that many trades are completed within a second.
The dedicated app is easy to use and can be effortlessly connected to MT4 and MT4 accounts allowing for easy monitoring of assets and trades. This means that investors can use several devices to access real-time information regardless of a trader’s location.
Registration can be completed quickly, allowing traders to get started easily. Those wanting to trial the features of the XM account can take advantage of a demo account before trading with real money.
Plenty of guidance and training is available for those starting out, including Markets Overview, XM Research, Trade Idea, and Economic Calendar.
There are some limitations with XM, including the omitting of third-party tools like Trading Central. However, those searching for a well-balanced trading app that is reputable, reliable, and easy to use will find XM is a great choice.
Plus500
Although many mobile traders will search for a dedicated app, those offering access via a website should not be overlooked. Plus500 has designed its mobile experience as a portal instead of an app, meaning that up-to-date information can be viewed at all times regardless of the device used.
Several instruments can be traded using Plus500, including Forex, CFDs, ETFs, indices, and crypto. Although only one trading account is available when using Plus 500, the costs are often lower than other brokers. There are fewer training materials and education than on other platforms, but professional customer service is available should any difficulties arise.
Plus500 may not be the right fit for first-timers, but traders wanting access to lower fees and real-time monitoring will find the broker worthy of consideration.
EasyMarkets
Beginner traders may be overwhelmed by the complex nature of some brokers and will be searching for an app that is modern, simple, and seamless. Fortunately, EasyMarkets can provide an app that delivers all these features and more.
In addition to an intuitive dashboard, those using EasyMarkets as their broker can also take advantage of several risk management tools, including Freeze Rate and Deal Cancellation.
As well as being the ideal fit for beginners, EasyMarkets also provides users with a VIP account for those wanting to take the next step with their investment goals.
When investing funds using any broker, it is essential to remember that risk is involved. However, using the right Forex trading app ensures that traders can limit potential losses and take advantage of lucrative investments with a few simple swipes.
Although all the apps and portals listed are reputable and reliable, traders must find a broker that meets their requirements. This can include a positive user experience and access to rare instruments. Those trading for the first time must all ensure there is a form of protection in place to protect funds.
In addition to the brokers listed, those searching for the right platform for Forex trading can also use a comparison website and tailor their search requirements.