Best Forex Trading Platforms For Android

IC Markets Is The Best CFD Android Trading Platform

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.

About MT5 Android Mobile App

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 app 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:

• App size:12.0 Mb
• Last Updated: Nov 14, 2020
• Current Version:500.2569
• Content Rating: PEGI 3, which is considered safe for all age groups
• Requires Android: 5.0 and up
• Reviews:3-star review out of 5 stars with over 160k total reviews

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 Features

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:

• Forex CFD – 65 Currency Pairs
• Index CFDs – 23 International Indices
• Commodities CFD – 19 Spot and futures commodities
• Stocks CFD – 120+ Stocks from ASX, NASDAQ, NYSE with dividend included
• Bond – 6 Bonds
• Cryptocurrencies
• Futures – 4 Global Futures

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:

• Raw pricing that ensures no dealing desk execution and no re-quotes
• Clients can take advantage of real-time Forex and CFD price quotes with full access to historical price data
• Interactive charting technology with zoom and scroll options
• Ability to customise chart layouts
• Full set of order types and support of all execution mode types
• Over 30 popular technical indicators, 24 drawing tools, 3 chart types and a number of time-frames to suit various trading strategies
• No restrictions on limit orders
• Access to Economic Calendar and real-time news events without leaving the app
• Offline mode

Spreads

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.

IC Markets Raw Account Spreads	EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD AUD/JPY EUR/JPY USD/JPY USD/CAD	EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD AUD/JPY EUR/JPY USD/JPY USD/CAD	EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD AUD/JPY EUR/JPY USD/JPY USD/CAD	EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD AUD/JPY EUR/JPY USD/JPY USD/CAD	EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD AUD/JPY EUR/JPY USD/JPY USD/CAD
	0.02	0.23	0.27	0.85	0.17
	0.20	0.70	0.80	2.00	0.40
	0.17	0.59	0.40	1.38	0.24
	0.20	0.50	0.40	1.50	0.20
	0.17	0.59	0.54	N/A	0.30
	0.20	0.60	0.50	10.00	0.40
	0.10	0.60	0.60	1.30	0.50
	n/a	0.20	0.60	3.10	0.50
	0.44	0.85	0.40	1.30	0.42

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/11/2022

Compare All Spreads >>

Conclusion – Best Android Forex Trading Apps for CFD Trading

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 accommodating 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.

FxPro Is A Good  MetaTrader Alternative Android App

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 an innovative mobile wallet.

About cTrader Android Mobile App

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:

• App size:65.0 Mb
• Last Updated: Nov 10, 2020
• Current Version: 3.13.54260
• Content Rating: PEGI 3, which is considered safe for all age groups
• Requires Android: 4.4 and up
• Reviews:4.3-star review out of 5 stars with over 10,000 total reviews

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.

cTrader Mobile App Features

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:

• Access to market news and market sentiment indicators
• Traders can have their orders executed with a single tap
• Direct forex market access with ultra-low latency and exceptional order execution speeds – most orders are filled in less than 11.06 ms
• Ability to create custom watchlists
• Ability to set price alerts
• Integrated targets on the charts from Trading Central
• Access to detailed trade & history reports
• QuickTrade Mode for one-tap trading
• Support of 22 languages

Conclusion – Best MT4 App for Android Alternative

The best overall alternative MetaTrader platform is cTrader powered by FxPro. Through FxPro Direct App, clients can manage their accounts and enjoy fund management solutions 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 >>

*Your capital is at risk ‘84.69% of retail CFD accounts lose money’

ThinkMarkets Is The Best Forex Broker For Beginners

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.

About ThinkTrader Android Mobile App

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:

• App size:13.0 Mb
• Last Updated: Nov 13, 2020. It’s constantly updated to enhance a better trading experience.
• Current Version: 6.2.2.0
• Content Rating: PEGI 3
• Requires Android: 4.2 and up
• Reviews:3.3-star review out of 5 stars with over 4,000 total reviews

ThinkTrader Mobile App Features

ThinkTrader Mobile is a user-friendly mobile app, which offers Forex traders a set of unique features, including:

• Innovative Analysis – a full suite of technical analysis tools with over 80 technical indicators, 50 drawing tools, 14 chart types and 12 time-frames
• Quad Screen Display – four charts with real-time quotes can be monitored at once on any iOS and Android-based device
• Multi Deal Closure – all active positions in a particular trading instrument can be closed instantly,
• Cloud-based Alerts – all the required market data can be obtained when traders need it without being logged in to their trading account
• Cutting-edge TrendRisk Scanner – a valuable trading signals tool that scans financial markets for high-probability trades
• Multitouch Functionality – a given area on the chart can be dragged and highlighted so that traders can instantly determine the exact number of pips it represents
• Multiple watchlists and customizable trading history reports
• Market analysis and real-time news from FX Wire Pro
• In-app deposits and withdrawals – traders can submit requests for deposit or withdrawal directly through their mobile devices

ThinkMarkets Forex Trading Education

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 experiences and skills.

Conclusion – Best Android Trading App for Beginners

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 >>

*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

eToro is the top Android Platform For Social Trading

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.

About eToro Android Mobile App

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:

• App size:41.0 Mb
• Last Updated: Nov 25, 2020
• Current Version: 268.0.0
• Content Rating: PEGI 3, which is considered safe for all age groups
• Requires Android: 5.0 and up
• Reviews:4.2-star review out of 5 stars with over 39k total reviews

eToro Mobile App Features

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:

• One-click Trading
• Stop-Loss and Take Profit orders as well as Trailing Stop Loss
• ProCharts, a professional-grade technical analysis tool
• TipRanks Research Tab, which provides market insight from investors and leading analysts from top financial institutions worldwide
• Switching between private and public profiles
• Supports cryptocurrency trading including ready-made CryptoPortfolios
• Advanced filtering and search tools

Conclusion – Best Android Mobile Social Trading Solution

Overall, the eToro android app is a solid choice for copy trading. If you’re looking for an app to interact with other minded traders, the ability to copy trades with no fees, create a portfolio of traders and an app that is optimised for android devices then eToro is the right choice. If you need more information about eToro‘s features, click the button below.

*Your capital is at risk ‘68% of retail CFD accounts lose money’

Plus500 Has The Best Android CFD Risk Management Tools

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.

About Plus500 Android Mobile App

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:

• App size:42.0 Mb
• Last Updated: Nov 24, 2020
• Current Version: 12.5.0
• Content Rating: PEGI 3
• Requires Android: 5.0 and up
• Reviews:4.0-star review out of 5 stars with over 90k total reviews

Managing risk on Plus500’s Mobile App

Retail clients are able to protect their trading positions against unexpected shifts in market sentiment by using several valuable trading tools:

• Stop Limit, also known as Close at Profit – specifies a price level at which the active position will be closed and gains will be locked in. No fees will be charged.
• Stop Loss, also known as Close at Loss – specifies a price level at which the active position will be closed while losses will be limited. Again, no fees will be charged.
• Guaranteed Stop – ensures an absolute limit on potential losses and also minimises the risk of slippage. Plus500 allows the Guaranteed Stop tool on some financial instruments only, and it will apply an additional spread.
• Trailing Stop – ensures the preservation of gains and places a Stop Loss order that will update automatically when price movement develops in the anticipated direction. Plus500 will not charge any fees for using the Trailing Stop tool.

Plus500 Client Money Protection

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.

Additional Mobile Trading Features

The mobile platform allows Plus500 clients to set trade alerts. Forex traders can receive real-time email, SMS and push notifications, based on:

• Price – whether a particular trading instrument nears a certain Buy or Sell price level.
• Traders’ Sentiments (Buyers % vs. Sellers %) – whether the percentage of Buyers or Sellers among Plus500 clients reaches a particular level.
• Change % (Daily or Hourly) – whether a particular trading instrument’s absolute price change (positive or negative) nears a certain level.

Conclusion – Best Android Trading App with Risk Management Tools

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 ‘72% of retail CFD accounts lose money’

FXCM Has Free Android App Forex Trading Signals

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 buying and selling 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.

About FXCM Android Mobile App

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 from the UK to Colombia.

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:

• App size:15.0 Mb
• Last Updated: Nov 6, 2018
• Current Version:1.10.27
• Content Rating: PEGI 3
• Requires Android: 4.0 and up
• Reviews:3.9-star review out of 5 stars with over 4,000 total reviews

Note* We should note that Trading Station Mobile also requires an ARMv7 CPU or later for Android-based devices.

Trading Station Mobile App Features

With this Forex trading app for Android, FXCM clients can take advantage of several valuable features, including:

• Live price quotes for more than 56 currency pairs
• Interactive charting technology with 13 time-frames
• Built-in technical indicators and drawing tools
• Built-in real-time Economic Calendar
• Live market news and research

FXCM Free Forex Trading Signals

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!

Conclusion – Best Free Forex Signals App for Android Devices

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 >>

*Your capital is at risk ‘67% of retail CFD accounts lose money’

TD Ameritrade Is The Best Trading Platform For US Traders

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.

thinkorswimoffered 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.

About thinkorswim Android Mobile App

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:

• App size:17.0 Mb
• Last Updated: Nov 24, 2020
• Current Version: 90.3
• Content Rating: PEGI 3
• Requires Android:7.0 and up
• Reviews:3.4-star review out of 5 stars with almost 9,000 total reviews

thinkorswim Mobile App Features

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:

• Access +400,000 economic technical indicators through the FRED
• Access 10s of thousands of financial instruments with real-time quotes and push notifications
• Social media sentiment analysis – a powerful AI tool
• Stock scanner
• thinkScript for automated trading strategy is compatible with the mobile app
• Risk assessment tools that enable users to “stress test your entire portfolio”
• Scan-multi touch charts allow overlaying hundreds of studies and economic events
• Live market news and insights “with live video streaming from CNBC”
• Fast order execution speeds of 7ms even through the android app
• Live help built into the app

Conclusion – Best Android Trading Platform for US Traders

Overall, thinkorswim by TD Ameritrade offers all the trading features that come with a full-service stock brokerage firm. Compared to other mobile applications, the thinkorswim app strives to offer its users a competitive trading environment. To test the app risk-free, traders can register for a paperMoney account.