Best Forex Trading Apps 2023

In this round-up, we go over the best forex trading apps, based on various factors. Active currency traders should have access to trading tools, quotes, market news, and more at any given moment. Smartphone software applications are popular among Forex Traders.

While there are various trading apps and platforms available, not many investors want to focus on forex. Not all trading platforms offer forex trading opportunities, and the ones that do aren't always worth investing your money through.

Best Apps for Trading Forex 2023

We have rounded up the best apps available right now. These apps appeal to all sorts of investors, from beginners to seasoned veterans. This includes a summary of what makes each app stand out.

This is our selection:

  • Pepperstone – Best Forex Trading App Overall
  • AvaTrade – AvaTradeGO Award-Winning Forex Trading App
  • FP Markets – Tight Spread Forex Trading App
  • XM – Best Forex Trading App for Education
  • eToro – Copy Trading Forex Trading App
  • FXTM
  • Capital.com
  • IQ Option
  • IG
  • FXCM
  • Forex.com
  • Trading 212
  • Oanda
  • Nadex

Best Forex App Overall

Pepperstone Logo

PFI Rating 4.9

Runner Up

AvaTrade Logo

PFI Rating 4.9

Low Spreads

FP Markets Logo

PFI Rating 4.9

Our Top Pick

PFI Rating: 4.9/5

Pepperstone – Best Forex Trading App Overall

Pepperstone is our top pick as the best app for forex trading. Pepperstone was founded in 2010 and offers CFDs on Forex, Crypto, Shares, Indices, and Cryptocurrencies.

The minimum deposit is $0 and offers a wide variety of deposit methods. Pepperstone is a safe and reliable forex broker regulated by top-tier authorities.

Pepperstone offers 1200+ instruments with competitive spreads.

Their forex trading app is available on both iOS and Android. Mobile trading is done through MetaTrader 4, Metatrader 5 or cTrader.

Forex trading fees are low. Pepperstone offers two account types: Razor and Standard.

  • Regulated by Top Authorities
  • Low Spreads
  • No Minimum Deposit

76.6% of retail investor accounts lose money when trading CFDs with this provider

Great For: Mobile Forex Trading

Pros Cons
Low Forex Spreads Only CFD
Fast Order Execution
Trading Tools

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.9/5

Runner Up
AvaTrade Logo

PFI Rating: 4.9/5

AvaTrade

AvaTrade takes second place. Avatrade was founded in 2006 and is regulated by top-tier authorities worldwide.

Avatrade offers its forex trading app through AvaTradeGO.

The minimum deposit at Avatrade is $100 through Credit and Debit Cards, Wire Transfers, and e-payments.

Avatrade offers 1500+ instruments with competitive spreads. They offer CFDs on Forex, Stocks, Commodities, FX Options, Cryptocurrencies, Indices, ETFs, and Bonds.

Their forex trading app is available on both iOS and Android. What we particularly like about AvaTradeGo is the customization, watch lists, live prices, and outstanding charting capabilities. On top, they have great technical analysis tools and order types.

76.6% of retail investor accounts lose money when trading CFDs with this provider

Great For: Mobile Forex Trading

Pros Cons
User-Friendly Trading App Only CFD
Free Deposit and Withdrawals
Trading Tools

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.9/5

Tight Spreads
FP Markets Logo

PFI Rating: 4.9/5

FP Markets – ECN Pricing Forex Trading App

FP Markets was founded in 2005 and is regulated by top-tier regulators. ASIC and CySEC regulate it.

FP Markets is great for its tight spreads and over 60 currency pairs with great liquidity.

The FP Markets Forex Trading App is available both on iOS and Android. The app has customizable leverage levels, order types, great charting tools, and a wide range of technical indicators. It is easy to use and has watch lists, favorites, and custom alerts.

They offer access to 10,000+ financial instruments.

The minimum deposit at FP Markets is $100.

On FP Markets Official Website

Great For: Low Spread Forex Trading App

Pros Cons
Low Forex Spreads Research Could Be Better
Fast Order Execution
Trading Tools

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $100

Overall: 4.9/5

What is Forex Trading?

Forex trading refers to the foreign exchange market. This is a global, decentralized market that focuses on trading foreign currencies. 

Forex trading is based on buying and selling different currencies. The value of currencies is constantly fluctuating, so this type of trading is all about exchanging one currency for another.

What are Apps For Forex Trading?

These apps are designed to be used as a single platform where you can do all foreign exchange investing. 

These apps can be installed on mobile devices or used on your desktop. They offer complete access to the foreign exchange markets and make it easy to buy and sell currencies.

How to get started?

You simply have to create an account, add money to your account, and start trading online. These apps use real-time prices and exchange rates and create a central area where you can make all forex transactions. 

Many apps have account minimums and some have demo modes that allow you to trade without using real money in order to get a feel for the app. You should also be aware of the fact that forex day trading takes a lot of knowledge and experience. Also, you should read our guide on whether or not day trading is legal, which is a common question. You can also check our the best crypto trading apps.

How to Start Trading Forex on Mobile

If you have never traded before, it is a good idea to start with a demo mode to get a feel for investing without any risk. 

New traders can also make use of automated trading features and educational tools. Simply install the app, create an account, and you can dive straight into the world of forex trading. For the best apps for day trading read our analysis.

How to Pick The Best One?

Broker Regulation

Regulation is done to ensure better safety and security of the app. Apps need to be regulated in your area to make sure that they are safe to trade on. 

These trading apps listed above all offer a high level of global regulation.

Currency Pairs Available

The best forex platforms offer a wide range of currency pairs for more versatile trading/ 

When choosing a forex platform, you want the most currency options possible to increase your scope of investments.

Fees & Commissions

Fees and commissions come in many shapes and forms. These include spreads, trading fees, non-trading fees, and more. Fees can make a major impact on your trading strategy – especially in the long run. Make sure to choose a platform that offers low fees and commissions for your investing style. We researched the best brokers with zero or low spread accounts in this guide.

Research

Having good research tools allows you to make more informed investment choices. These tools include market news, economic calendars, analysis, and more.

Usability

The best trading apps have features designed to help users make better investment moves. This includes alerts, notifications, price alerts, watch lists, execution speed, and more. 

Education

Are there good resources to teach you about trading and forex? This is important for beginner traders.

Device compatibility

The app should be compatible with your phone, computer, and bank for easy withdrawals.

Demo Accounts

These accounts allow you to trial the app through a risk-free fake money trading experience. Again, this is great for beginners.

Account Minimums

The minimum amount needed to open your account. This should match your investment plan. Some options with low account minimums include IQ Options, XM, and Nadex.

Payment Methods

How can you deposit and withdraw funds to and from the app? This needs to be suitable for your banking needs.

Customer Support

Customer support can make or break an app. Particularly trading apps, where there is risk and money involved, you need to have a strong level of customer support. The best trading apps offer 24/7 support with easily available chat and phone support options. 

FAQ

What is the best forex trading app for beginners?

There are loads of amazing options available. This should be chosen depending on your level of experience and investment style. eToro is generally considered the leading forex and trading app for all kinds of investors.

Can you get rich in forex trading?

Absolutely. There is also the opportunity to lose money. Wise, effective trading strategies offer an unlimited field of opportunity.

How do I start trading forex with $100?

Create an account at a broker, deposit the money to your account, and you can start trading in forex straight away.

Who are the best Forex trading signal providers?

While there are many available, our top two picks include eToro and Pepperstone. 

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.