Trading forex is much easier these days than it was a few years ago. This is simply due to the fact that there are now countless trading apps, both for Android and iOS, on the market, with which you can easily carry out a wide variety of trades on the go. With these apps you are always familiar with the latest news and you can also observe various stock prices, which was not so easy in the past.
Since there is now an enormous number of forex trading apps for smartphones, we are going to introduce you to the 5 best applications in detail:
Robinhood is a completely free app, which is also available as a website and mainly offers trading in ETFs, stocks and crypto currencies. An interesting highlight of this app is the feature where it is possible to monitor individual securities as well as those that are on a watchlist at any time. This can be extremely useful in numerous situations. Any commissions or fees incurred for trading are also not integrated into Robinhood.
The upgrade to the premium version of the app also allows you to carry out margin trading as well as trading in securities outside of the official opening times of the stock exchanges.
Although this app doesn’t necessarily convince with a variety of options, the free trading is a particularly significant argument, which is why we can absolutely recommend Robinhood.
2. IG Markets
IG Markets is another hugely popular trading app . It gives clients access to real-time quotes, informative charts, various indicators and the latest news from the Reuters news agency. Opening a trading account is incredibly easy and can be done in just a few minutes. In particular, the user-friendly design is convincing due to the great clarity, whereby trades can be carried out within a very short time. IG Markets offers stocks, forex, commodities as well as indices and binary options. Individual price alarms, which can be configured in the app, ensure that you are always informed as soon as interesting situations arise. IG Markets is available for both Android and iOS.
3. Frankfurt Stock Exchange
The official application of the Frankfurt Stock Exchange provides traders with a variety of interesting information, which is intended to support them in making better decisions about various trades. In addition, all share prices traded on this exchange are displayed in real time, which is also a great feature. The app’s news offer is also extremely convincing, as numerous market reports, current analyzes as well as dpa news and particularly current reports are displayed. The app exists for both Android and iOS.
The Finanz.net app is also an excellent choice when it comes to getting the latest information, because here, among other things, every day at the start of the Frankfurt Stock Exchange, the current prices are sent to your smartphone by push message. Current market news is also always published within a very short time and can thus support various decisions regarding trading. Charts and prices for all stocks, indices, funds, ETFs, commodities, currencies, bonds and crypto currencies available in Germany are also available.
5. CMC Markets
CMC Markets gives traders access to over 10,000 different financial products, including a wide variety of stocks, indices, currencies, commodities, government bonds, ETFs and crypto currencies. A live account can be opened within minutes, and customers can start trading right away. Traders who want to start without using real money for the first time are also offered a demo version with a virtual credit of 10,000 euros. At CMC Markets, it is clear that efficient Forex regulations are also very importantplaced. This is achieved by having CMC Markets authorized, controlled and regulated by the Financial Conduct Authority (FCA). Trading on CMC Markets is also extremely easy and intuitive and offers numerous options, which is why we can definitely recommend this app.
These were the 5 best apps for Forex trading on Android and iOS. If you have installed these apps on your smartphone, then you have definitely already created good conditions for the most successful trades possible!