Many forex trading platforms include a mobile app version for trading on the go. The best Android trading platforms include MetaTrader 4, cTrader, TD-Ameritrade mobile and eToro Our team of experts review the best trading platform for Android.
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There are a lot of mobile forex trading apps for Android. Here are the best options:
The CompareForexBrokers team considers the best forex app for android devices to be the market-leading MetaTrader 4 (MT4) platform offered by Pepperstone. If you are looking to trade via an Android phone made by companies such as Google (Alphabet), Samsung, LG, Asus or One Plus then the MetaTrader 4 mobile app should be at the top of your list.
The MetaTrader 4 app offered by multi-regulated Forex broker Pepperstone hosts a user-friendly, versatile trading platform that includes real-time charts, access to in-depth financial news and analytics. as well as access to 30 technical indicators, 24 analytical objects and 9-time frames along with and other trading tools.
You can download the MetaTrader 4 for Android directly from the Google Play store app. The trading platform is one of the best forex trading apps with downloads worldwide with close to 10 million installs.
Pepperstone’s MT4 mobile app for Android devices requires Android 5.0 or later. If you are using Android main competitor Apple, then you will need iPhone, iPad or iPod touch with iOS 9.0 or later to use the iOS mobile equivalent.
MT4 mobile trading app details:
Pepperstone allows Android users to access to over 180 financial instruments structured in several asset classes (currency pairs, commodity CFDs, stock index CFDs, shares, currency index and cryptocurrencies like Bitcoin). Forex traders can also find ultra-tight forex spreads starting from 0.0 pips on Pepperstone’s Razor Account. Additionally, the Australian-based broker deploys no dealing desk (NDD) execution of trade orders and lightning-fast execution speeds (less than 30 ms).
Choosing Pepperstone’s Razor Account gives users access to some of the best spreads of the market. Tight spreads and low commissions mean lower greater savings for each lot you trade. Below compares Pepperstones trading cost against a selection of other brokers.
Pepperstone’s MT4 mobile platform offers an array of features and benefits to help you trade forex and CFDs, including:
Pepperstone gets the first spot for offering one of the best forex trading apps for Android devices and smartphones. The fully-featured MetaTrader app works with all types of trading strategies. Pepperstone is a top brokerage trading firm that can be tested through a Demo account with USD 50,000 in virtual funds. Click the button below, and an award-winning customer support service will be at your disposal to answer all inquiries.
View Pepperstone Review >>Visit Pepperstone >>
The Compare Forex team considers the MetaTrader 5 (MT5) Android app powered by IC Markets to be the best platform for trading CFDs. The MT5 trading app caters to both beginner and advanced traders. Our review takes into account the unique needs of both types of traders.
IC Markets’ mobile MetaTrader 5 application for Android offers a user-friendly interface, one-click trading feature, plenty of chart layout customisation options, advanced charting and advanced analysis tools.
The MetaTrader 5 for Android can be downloaded for free directly from the Google Play store app. The MT5 app is trusted by more than 5 million users and is the second most popular forex trading apps based on the number of installs. To use IC Markets’ MT5 mobile app you will need Android 4.0 or later.
MT5 mobile trading app details:
Just like the desktop version, the MetaTrader 5 (MT5) is a multi-asset mobile trading platform. The MT5 mobile application supports both netting and hedging accounts, meaning you can hold multiple positions for the same financial instrument should you wish to.
IC Markets MT5 app includes everything you need to start trading CFDs. Active traders will enjoy trading on 7 different financial markets with market depth (DoM) from IC Markets liquidity providers. CFDs Available include:
Clients can trade CFDs with spreads starting from 0.5 points on indices and 0.0 pips FX spreads on the broker’s Raw Spread trading account.
The MetaTrader 5 mobile app by IC Markets is quite rich in features and offers many benefits, including:
One of the main benefits of choosing IC Markets is that this broker offers some of the best spreads on the market. Low spreads will save you trading costs and this can be significant if you are a high volume trader.
Data taken from broker website. Accurate as at 04/06/2021
Compare All Spreads >>
Overall, when we factored in the low costs, range of CFD markets, execution model and the app’s features, clients get a winning combination with the MetaTrader 5 mobile app. IC Markets is ultra-focused on providing interbank spreads and accommodate the needs of active traders, scalpers and automated traders. To open a trading account at IC Markets, clients only need a minimum deposit of USD 200.
The best viable MT4 alternative for Android users is cTrader, which is offered by FxPro. While most popular forex trading platforms are MetaTrader 4, its minimalistic design and basic features are not enough for all traders. The cTrader platform for Android has a professional interface and is the only platform that supports trading via STP.
FxPro is an award-winning broker that offers access to more than 250 financial instruments in several asset classes such as Foreign exchange, Stock Indices, Metals and Energies. Traders (in some instances) get access to fixed and variable spreads, good leverage conditions and innovative mobile wallet.
The cTrader App for Android devices is the mobile trading version of the cTrader desktop by Spotware Systems Ltd. Listed in the Google Play store, cTrader for android has only +10,000 downloads on unique devices.
cTrader mobile trading app details:
The cTrader mobile app for Android devices requires Android 4.4 or later. At the same time, the mobile trading app for iPhone, iPad or iPod touch requires iOS 9.0 or later.
FxPro’s cTrader mobile app offers a lot in terms of features and benefits for Forex traders. First of all, access to the full Market Depth. The trading platform’s Smart Order Routing ensures that FxPro clients receive the best available price in 100% of the cases.
Second, traders are granted access to a full suite of technical analysis tools and advanced charting options – 57 technical indicators, 5 chart types, 26-time frames.
Other features and benefits of FxPro’s cTrader app for Android include:
The best overall alternative MetaTrader platform is cTrader powered by FxPro. Through FxPro Direct App, clients can manage their accounts and enjoy fund management solution from a single place. As an added bonus, unlike the MT4 app, with cTrader for Android, you have a dedicated tab for price alerts where you can manage the push notifications.
View FxPro Review >>Visit FxPro >>
ThinkTrader app formerly known as the Trade Interceptor is one of the top forex trading apps for beginners and anyone with a focus on-the-go trading. Offered by ThinkMarkets, this is a modern trading app with a user-friendly interface, bug-free and exclusive features.
Among the forex brokers we reviewed, ThinkMarkets was our first pick for beginner traders because it eliminates a lot of the barriers new traders can face. ThinkTrader uses eye-catching design and tight security features to make trading safe for everyone.
ThinkTrader is a proprietary mobile trading app, developed by ThinkMarkets experts. The forex app can be downloaded for free directly from the Google App store. With only +500k installs, the platform is less popular compared with the other mobile apps.
The ThinkTrader mobile app for Android devices and smartphones requires Android 4.2 or later. At the same time, the mobile trading app for iPhone, iPad or iPod touch requires iOS 9.0 or later. This Forex app is available for download on Apple’s App Store as well as on Google Play.
ThinkTrader App Information:
ThinkTrader Mobile is a user-friendly mobile app, which offers Forex traders a set of unique features, including:
ThinkMarkets, one of the reputable, multi-regulated Forex brokers, offers vast educational content that may suit both beginners and more experienced traders. Along with its three knowledge and skill level-oriented trading tutorials (novice, intermediate and advanced), the brokerage also offers detailed guides covering various technical indicators, oscillators and chart patterns.
To help you trade forex successfully, beginners can also find an extensive glossary containing terms structured in key categories such as Foreign Exchange, Economics, Analysis, Trading and more.
Finally, ThinkMarkets has provided free downloadable trading guides for clients with different trading experience and skill.
If you want a hassle-free trading app, then ThinkTrader is the right mobile app. With ThinkMarkets, Android users can select between 4 account types, but their demo account is the place to start your journey. ThinkTrader mobile App is hard to beat when it comes to usability and easy-to-use interface. Click the button below to claim your free demo account.
View ThinkMarkets Review >>Visit ThinkMarkets >>
The best android app for social trading is eToro. eToro’s trading app for Android offers both simplicity and innovation. Being globally renowned for its social trading platform, the broker offers a quality customer experience for Android customers.
eToro is one of the best Android mobile apps for social trading. The trading platform can be installed directly from the Google Play store app. eToro has over 5 million installs from more than 140 countries.
eToro’s mobile app for Android devices requires Android 5.0 or later, while the app for iPhone, iPad or iPod touch requires iOS 10.0 or later.
Additional information about the eToro mobile trading app:
eToro’s CopyTrader is a unique feature that enables beginners or traders with insufficient experience to observe what seasoned traders are doing in real time and automatically copy their trading activity.
The eToro Android app is quite rich in features and offers many benefits, including:
Overall, eToro android app is a solid choice for copy trading. If you’re looking for an app to interact with other minded traders, ability to copy trades with no fees, create a portfolio of traders and an app that is optimised for android devices than eToro is the right choice. If you need more information about eToro‘s features, click the button below.
The range of risk management tools offered by Plus500 makes this one of the best forex trading apps in this category. Since trading CFDs is associated with a high risk of losing capital rapidly due to the use of leverage, retail traders need to approach the financial markets with caution and by employing sound risk management.
Plus500 is one of the top brokerages to offer valuable tools for managing high leverage on its mobile trading platform for Android-based devices.
Plus500 is an in-house mobile trading app, developed by Plus500 experts. This forex app can be found on the Google App store and currently has more than 5 million installs, half as much as the MT4 android App. It has a free platform to do demo trades.
Plus500’s mobile trading app for Android devices requires Android 5.0 or later.
Additional information about the Plus500 mobile trading app:
Retail clients are able to protect their trading positions against unexpected shifts in market sentiment by using several valuable trading tools:
Another risk management tool, offered by Plus500, includes negative balance protection. Under such a policy, retail investor accounts cannot lose larger amounts than initial deposits.
In addition, Plus500 assures that all client funds are kept in a segregated bank account, as the brokerage strictly complies with the Cyprus Securities and Exchange Commission’s client funds legislation. The broker also assures that client funds are not used for hedging purposes and are not passed through to hedging counter-parties.
Last but not least, since Plus500 participates in the Investor Compensation Fund (ICF), it is able to provide its retail clients with the security and global coverage of a multinational organisation. The Fund ensures that covered clients are compensated in case their brokerage (a member of the ICF) is unable to meet its financial obligations.
The mobile platform allows Plus500 clients to set trade alerts. Forex traders can receive real-time email, SMS and push notifications, based on:
Overall, Plus500’s suite of risk tools like a variety of stop losses, money protection, mobile alerts and GSL makes this app claim the first spot in this category. The Plus500 app offers a good range of financial markets with live price quotes and shares trading with zero commission from the palm of your hand. Claim your unlimited demo account by clicking the button below.
View Plus500 Review >>Visit Plus500 >>
*Your capital is at risk ‘76.4% of retail CFD accounts lose money’
The best free forex signal app for android devices is Trading Station by FXCM. Trading Station android app holds the industry-leading position for free buy and sell signals based on an intuitive interface, customised signals, free trial and SMS notifications.
FXCM’s proprietary trading platform, Trading Station Mobile, has a simple, intuitive interface and offers powerful trading tools for easy access to Forex and CFD markets.
FXCM app for Android is the in-house trading platform developed by the experts at FXCM. The FXCM mobile app has over 500k installs on the Google App store.
FXCM’s mobile trading app for Android devices requires Android 4.0 or later. At the same time, the mobile app for iPhone, iPad or iPod touch requires iOS 9.2 or later.
Additional information about the FXCM mobile trading app:
Note* We should note that Trading Station Mobile also requires an ARMv7 CPU or later for Android-based devices.
With this Forex trading app for Android, FXCM clients can take advantage of several valuable features, including:
Along with these features, Forex traders can access the broker’s trading signals service, with a 14-day trial available for free, including on the Trading Station app for Android.
FXCM’s trading signals service provides trade ideas that can be applied in live currency trading. After subscribing to that service, clients will receive suggested entry prices and a clear plan to exit an active position (analysis with stop and limit orders) for as many as 39 currency pairs.
Before they start trading, retail clients need to be aware that the trading signals cannot be considered as investment advice. Therefore, basing their trade decisions solely on trading signals is at clients’ own risk!
Overall, Trading Station provides its users with the best trading opportunities via the FXCM Plus exclusive trading signals. At the same time, the app offers you everything you need to be successful, along with valuable market insights and market data signals via FXCM’s propriety Speculative Sentiment Index (SSI). You can put to test the free trading signals on a demo account by clicking the button below.
View FXCM Review >>Visit FXCM >>
Compare Forex Broker’s top pick for the best Android trading app for US traders is ThinkOrSwim by TD-Ameritrade. ThinkOrSwim’s mobile app for Android devices offers a full trading suite that is compatible with stock trading, futures, options, ETFs, currencies and much more.
ThinkOrSwim offered by TD Ameritrade is a powerful mobile platform that offers zero commissions on stock trading, CNBC news feeds, real-time price quotes, access watchlists, customizable charts and over 300 analysis tools and indicators.
You can download the ThinkorSwim for android directly from the Google Play store. The award-winning mobile trading platform has over 500k installs.
Additional information about the ThinkOrSwim mobile trading app:
TD Ameritrade App offers a high-quality user experience accessible for beginners and professional traders alike. TD Ameritrade is one of the biggest brokerage trading firms in the world with full access to the US stock market. The US-based trading broker incorporates low trading fees, great customer support, extensive research tools, free level 2 market data, interactive courses and so much more.
ThinkOrSwim for Android mobile devices offers an array of features and benefits, including:
Overall, ThinkOrSwim by TD Ameritrade offers all the trading features that come with a full-service stock brokerage firm. Compared to other mobile applications, ThinkOrSwim app strives to offer its users a competitive trading environment. To test the app risk-free, traders can register for a paperMoney account.
Yes. Most trading platforms off an app version of their desktop or web trading platform, this will usually be for Android or iOS mobile or tablets. Trading from mobile is becoming more popular as it allows people to trade at any time and because the technology exists that allows traders to do so.
The size of the mobile screen does present some limitation in terms of screen estate and the lack of a keyboard and mouse can make things more fiddly when using. If you are a scalp trader, then the use of a mobile trader may become frustrating over time. Most traders will find it easier to trade via desktop or browser as a result. See our best trading platforms for desktop and for macs.
The best trading platform comes down to personal preference and trading needs. MetaTrader 4 and MetaTrader 5 are two of the most popular trading platforms freely available to brokers and traders. To learn more about the best brokers to trade MetaTrader platforms, see our MetaTrader 4 review and MetaTrader 5 review.
The trading app you choose might vary from trader to trader. At the end of the day, you need to find a trading platform that suits your individual needs, financial goals and trading style. Different Android trading apps are built to suit the needs of different types of traders.
For example, traders looking for an easy-to-use trading app can opt for the MetaTrader 4 App powered by Pepperstone, or Trade Interceptor powered by ThinkMarkets. Also, trading apps like MetaTrader 5 and cTrader are great for multi-asset trading and automated alerts.
The best free trading app for Forex signals is Trading Station by FXCM, while traders who like more interaction and copy trading solution can opt for eToro android app.
Meanwhile, risk-averse traders can enjoy a safer trading environment with Plus500 app. For US traders, ThinkOrSwim is our top trading app picks for 2020.
Note: FCA regulatory changes in 2021 no longer allow brokers in FCA regulation to offer cryptocurrency products for trading. For brokers like Pepperstone, sign up to its ASIC regulated branch in Australia, rather than Pepperstone UK.
Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets.