To succeed in Forex trading, you need a reliable and top Forex trading app for Android to help you execute your trades, analyze the market, and manage your risk.
We have compiled a list of the top Forex trading apps for Android devices based on their features, pricing, pros, and cons.
These Forex apps are designed to make your Forex trading experience easier, faster, and more enjoyable.
List of Top Forex Trading Apps for Android
These are the top 8 Forex trading apps for Android devices that we recommend for anyone who wants to trade Forex on the go.
Each of these top investment and stock trading apps for Android has its own advantages and disadvantages. So, you should choose the one that suits your trading style, goals, and preferences.
1. AvaTradeGo
AvaTrade is a leading online broker that offers a top Forex trading app for Android. AvaTrade has a dedicated app for Android devices, called AvaTradeGo, that allows you to trade on the go with a simple and intuitive interface.
Pricing
- AvaTrade does not charge any commissions or fees on trades but instead applies a spread on each instrument.
Pros
- Regulated by ASIC, FCA, CySEC
- Supports multiple payment methods, such as credit cards, e-wallets, and bank transfers.
- Offers a free demo account with $100,000 virtual funds to practice trading.
- Provides educational resources, such as webinars, videos, articles, and ebooks.
- Features advanced tools, such as economic calendars, market trends, trading signals, and risk management.
Cons
- Requires a minimum deposit of $100 to open a live account.
- Does not support scalping or hedging strategies
- Charges an inactivity fee
2. eToro
eToro is a social trading platform that allows you to trade and invest in over 2,000 assets, including Forex, stocks, ETFs, commodities, indices, cryptocurrencies, and more. It is a top Forex trading app for Android that lets you access the platform’s features, such as copy trading, social newsfeed, and portfolio management.
Pricing
- eToro does not charge commissions or fees on trades but applies a spread on each instrument.
Pros
- Regulated by multiple authorities, such as FCA, CySEC, ASIC
- Supports multiple payment methods, such as credit cards, e-wallets, and bank transfers.
- Offers a free demo account with $100,000 virtual funds
- Provides educational resources
- Features a unique social trading platform
- You can follow, copy, and interact with other traders
Cons
- Requires a minimum deposit of $200 to open a live account
- Does not support scalping or hedging strategies
- Charges a withdrawal fee of $5 per transaction
3. FOREX.com
FOREX.com is a global online broker specializing in Forex trading. It has a top Forex trading app for Android devices. The app enables you to trade on the go with a fast and secure platform.
Pricing
- FOREX.com charges a commission or a spread on each trade, depending on the account type you choose.
Pros
- Regulated by multiple authorities, such as NFA, CFTC, FCA, ASIC, and more.
- Supports multiple payment methods, such as credit cards, e-wallets, and bank transfers.
- Offers a free demo account with $50,000 virtual funds to practice trading.
- Provides educational resources, such as webinars, videos, articles, and guides.
- Features advanced tools, such as trading signals, market analysis, trading strategies, and risk management.
Cons
- Requires a minimum deposit of $100 to open a live account.
- Does not support scalping or hedging strategies.
- Inactivity fee of $15 per month if you do not trade for 12 months.
4. MetaTrader 5
MetaTrader 5 is a popular and top Forex trading app for iOS and Android that allows you to trade Forex, stocks, futures, CFDs, and more.
MetaTrader 5 lets you access features such as technical analysis, automated trading, and market news.
Pricing
- Applies a spread on each instrument.
Pros
- Supports multiple brokers, such as XM, FXTM, Pepperstone, and more.
- Supports multiple payment methods, such as credit cards, e-wallets, and bank transfers.
- Offers a free demo account with unlimited virtual funds to practice trading.
- Provides educational resources, such as webinars, videos, articles, and tutorials.
- Technical indicators
- Charting tools
- Trading robots and custom scripts
Cons
- Requires a minimum deposit of $5 to open a live account, depending on the broker you choose
- Does not support social trading or copy trading features
- Charges a swap fee for holding positions overnight, depending on the instrument and the broker you choose
5. IG Trading Platform
IG Trading Platform is a leading online broker that offers over 17,000 markets. These markets include Forex, stocks, indices, commodities, cryptocurrencies, and more. IG Trading Platform offers a top Forex trading app for Android with a sleek and user-friendly interface.
Pricing
- IG Trading Platform charges a commission or a spread on each trade, depending on the account type and the instrument you choose.
Pros
- Regulated by multiple authorities, such as FCA, ASIC, NFA, and more.
- User-friendly interface
- Supports multiple payment methods, such as credit cards, e-wallets, and bank transfers.
- Offers a free demo account with $20,000 virtual funds
- Educational resources
- Trading signals
- Trading alerts
- Risk management.
Cons
- Requires a minimum deposit of $250 to open a live account.
- Does not support scalping or hedging strategies.
- Charges an inactivity fee of $12 per month
6. IMPACT by Interactive Brokers
IMPACT is a new trading platform that allows you to trade Forex, stocks, options, futures, bonds, and more. IMPACT has one of the best apps for forex trading for Android devices that lets you access many practical features.
Pricing
- IMPACT by Interactive Brokers charges a commission or a spread on each trade.
Pros
- Regulated by multiple authorities, such as SEC, FINRA, CFTC
- Practical forex trading app for beginners
- Smart order routing
- Low latency
- Offers a free demo account with $1,000,000 virtual funds
- Provides educational resources
- Features advanced tools, such as market data, and trading algorithms
Cons
- Requires a minimum deposit of $100 to open a live account
- Does not support social trading or copy trading features
- Charges a monthly fee of $10 for market data and platform access unless you generate at least $30 in commissions
7. FXTM Trader
FXTM Trader is a mobile trading platform that allows you to trade Forex, CFDs, metals, and more. FXTM Trader has a mobile app for Android devices that enables you to trade on the go with a simple and elegant interface.
Pricing
- FXTM Trader charges a commission or a spread on each trade.
Pros
- Regulated by FCA, CySEC, FSCA
- Offers a free demo account with $100,000 virtual funds to practice trading.
- Trading signals
- Market analysis
- Trading alerts
- Risk management.
Cons
- Requires a minimum deposit of $10 to open a live account
- Charges a conversion fee for deposits and withdrawals in currencies other than the base currency of your account.
8. ThinkTrader
ThinkTrader is a mobile trading platform that allows you to trade Forex, CFDs, indices, commodities, cryptocurrencies, and more. ThinkTrader has a mobile app for Android devices that lets you access the platform’s features, such as technical analysis, automated trading, and market news.
Pricing
- It applies a spread on each instrument.
Pros
- Regulated by multiple authorities, such as FCA, ASIC, FSCA, and more.
- Supports multiple payment methods, such as credit cards, e-wallets, and bank transfers.
- Offers a free demo account with $25,000 virtual funds to practice trading.
- Provides educational resources, such as webinars, videos, articles, and guides.
- Technical indicators
- Charting tools
- Trading robots and custom scripts
Cons
- Requires a minimum deposit of $250 to open a live account.
- Does not support social trading or copy trading features
- Charges a swap fee for holding positions overnight
Use the Best Apps for Forex Trading and Make a Good Profit!
Besides using top free financial apps for Android to manage your expenses and calculate your taxes, You need a top Forex app to make a real profit!
Using a professional and one of the best Forex trading apps for Android is necessary for succeeding in trading.
So take as much as you want from the money you saved with the top budget planning apps and start today!
