Top 8 Android Forex Trading App

Our list of the best forex trading apps for android devices are:

  • Pepperstone - Best Android Forex Trading Platform With MetaTrader 4
  • IC Markets - Best Android CFD Trading Platform With MetaTrader 5
  • FxPro - A Good Alternative to Metatrader
  • ThinkMarkets - The Best Trading App for Beginners
  • eToro - Top Android Platform For Social Trading
  • Plus500 - Best CFD Risk Management
  • FXCM - Free Forex Trading Signals Android App
  • TD Ameritrade - Best thinkorswim Android App For US Traders
Broker Our Rating Regulation Standard
EUR/USD Spread
Standard
GBP/USD Spread
Standard
AUD/USD Spread
Raw
EUR/USD Spread
Raw
GBP/USD Spread
Raw
AUD/USD Spread
Commissions
(USD Base)
MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
98 SCB, ASIC
FCA, CySEC
1.10 1.40 1.20 0.10 0.40 0.20 $3.50 77ms $0 62+ 12+ 30:1 500:1 Visit Site
85 ASIC, FSA-S
CySEC
0.62 0.83 0.77 0.02 0.23 0.17 $3.50 134ms $0 61+ 18+ 30:1 500:1 Visit Site
61 FCA, FSCA
CySEC, SCB, FSCM
1.32 1.7 1.95 0.32 0.37 0.51 $3.50 151ms $0 69+ 30+ 30:1 200:1 Visit Site
68 FCA, FSCA
ASIC, FSA-S, CySEC
1.1 1.3 1.1 0.1 0.3 0.2 $3.50 161ms $0 46+ 21+ 30:1 500:1 Visit Site
43 ASIC, CySEC, MFSA
FCA, FSA, FINRA
GFSC
1.0 2.0 1.0 - - - - 130ms $200 (Australia), $50-$100 (EU) 49+ 46+ 30:1 400:1 Visit Site
57 ASIC, CySEC, MAS
FCA, FMA, DFSA
EFSA, FSA, FSCA
1.70 2.3 1.4 - - - - 140ms $100 71+ 15+ 30:1 300:1 Visit Site
72 ASIC, FSCA
FCA, CIRO
BaFin, ISA, CySEC
1.3 1.4 1.7 0.30 0.90 0.40 $3.00 150ms $300 42+ 7+ 30:1 500:1 Visit Site
41 SEC, NFA/CFTC
FINRA
1.4 1.3 1.2 - - - - 110ms $2000 70+ (Spot) - 50:1 50:1 Visit Site
 

Which Broker Offers the Best Trading Platform for Android?

We tested the proprietary trading apps of the top forex brokers using Android-compatible smartphones and tablets. Based on our experience, Pepperstone offers the most accessible mobile trading experience without compromising on key features. We also appreciated the fast execution speeds and competitive trading costs.

1. Pepperstone Best Android Forex Trading Platform With MetaTrader 4

Pepperstone

Forex Panel Score

98

Average Spread

EUR/USD = 0.1
GBP/USD = 0.4
AUD/USD = 0.2

Trading Platforms

MT4, MT5, cTrader, TradingView

Minimum Deposit

$0

Why We Recommend Pepperstone

We liked how Pepperstone offers top-notch trading tools paired with an intuitive user interface, making it a standout choice for Android devices. The fully-featured MetaTrader platform supports all trading strategies, ensuring traders have all they need at their fingertips. Moreover, Pepperstone is a trustworthy broker that allows users to trial their services using a demo account loaded with USD 50,000 in virtual cash.

Pros & Cons

  • Best MT4 trading for Android
  • Tight spreads on the Razor account
  • Great mobile charting features
  • Lacks full trading tools on mobile
  • Unable to use EAs on mobile
  • Out of date education resources

Broker Details

Best Forex Trading Experience on Mobile

Given the dominance of major smartphone and tablet brands like Samsung, OnePlus, Huawei, and Oppo, all of which run on Android, it’s no wonder Google’s native operating system is the leading platform for mobile phone tech.

Android Summary:

Android is an open-source operating system developed by Google as an alternative to Apple’s iOS. It seamlessly blends with online services and external APIs, delivering real-time market data and numerous financial tools.

Platform developers also enjoy a high degree of flexibility when designing trading apps, which means a wider variety of integrations and features than you’ll find with iOS. Unlike iOS, which runs only on Apple devices, tablets and smartphones manufactured by Samsung, Huawei, Xiaomi, and Google’s own devices use Android.

In 2024, we rated the top forex brokers generically. However, not all of them cater well to Android users. We revisited our list, ensuring that each broker listed offers a forex trading app with a user-friendly design, intuitive functions, and rapid execution speed for Android devices.

Some facts/features about MT4

pepperstone platform mt4

We Recommend Pepperstone As The Best Choice For MT4

We at CompareForexBrokers firmly believe that the finest forex app for Android users is the renowned MetaTrader 4 (MT4) platform provided by Pepperstone. If you want to trade via an Android phone made by companies such as Google (Alphabet), Samsung, LG, Asus or One Plus, the MetaTrader 4 mobile app should be at the top of your list.

metatrader4 logo

The MetaTrader 4 app offered by multi-regulated Forex broker Pepperstone hosts a user-friendly, versatile trading platform with real-time charts and access to in-depth financial news and analytics. Pepperstone clients using the platforms will also get access to 30 technical indicators, 24 analytical objects and 9 time frames, along with other trading tools.

About Pepperstone’s MT4 Android Mobile App

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 and nearly 10 million installs.

Pepperstone’s MT4 mobile app for Android devices requires Android 5.0 or later. If you are using Android’s main competitor, Apple, you will need an iPhone, iPad or iPod touch with iOS 9.0 or later to use the iOS mobile equivalent.

Features of Pepperstone’s MetaTrader 4 Trading Platform for Android

Pepperstone allows Android users to access over 180 financial instruments structured in several asset classes (currency pairs, commodity CFDs, stock index CFDs, shares, currency indexes and cryptos like Bitcoin). Their Razor Account promises ultra-tight forex spreads starting from 0.0 pips. Additionally, being an Australia-based broker, they ensure no dealing desk (NDD) trade order execution and ultra-fast execution speeds (below 30 ms).

Choosing Pepperstone’s Razor Account gives users access to competitive spreads. Ross Collins, our Chief Technology Researcher, tested the average RAW account spreads for 15 of the top brokers and found that Pepperstone’s RAW account averaged 0.36 pips. That put Pepperstone in the top five and helped earn the broker our ‘Best Overall’ designation in a number of categories.

The difference in spreads and low commissions translates to substantial savings per traded lot. The trading costs of Pepperstone, when set against various other brokers, stand out.

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Pepperstone’s MT4 mobile platform offers an array of features and benefits to help you trade forex and CFDs, including:

  • Ability to build and run Expert Advisors
  • Full technical analysis set – 30 popular technical indicators, 24 analytical objects, 9 time frames, 3 chart types
  • Interactive real-time charts with zoom and scroll options
  • Numerous chart setups for quicker and more efficient control of trading positions
  • Full set of trade orders and all types of trade execution
  • Access to advanced analysis tools – 28 additional Smart Trader tools (13 Expert Advisors and 15 indicators) for enhanced trade execution and risk management
  • Sound notifications to assist trading
  • Support of push notifications from the desktop version of MT4

Our Verdict on Pepperstone: The Best MT4 Android Trading App

After our thorough analysis, we concluded that Pepperstone emerged as the top forex trading app for Android devices and smartphones. The MetaTrader app seamlessly integrates with all trading strategies with its robust trading tools, user-friendly interface, and extensive market availability. Notably, they were also named the best Australian forex broker in 2024, considering their spreads, impeccable customer service, and the exemplary trading app under discussion.

View Pepperstone ReviewVisit Pepperstone

2. IC Markets Best Android CFD Trading Platform With MetaTrader 5

IC Markets

Forex Panel Score

84

Average Spread

EUR/USD = 0.62
GBP/USD = 0.83
AUD/USD = 0.77

Trading Platforms

MT4, MT5, cTrader

Minimum Deposit

$200

Why We Recommend IC Markets

We’ve experienced firsthand that IC Markets is the premier CFD trading platform for Android. It’s perfectly tailored for both novices and seasoned traders, with their MT5 program meeting the unique needs of each group. The Android version of IC Markets’ mobile MetaTrader 5 app features an easy-to-navigate interface, seamless one-click trading, a plethora of chart layout customisation options, and advanced charting and analysis tools.

Pros & Cons

  • Provides DMA access
  • Low trading spreads
  • No fees for deposits or withdrawals
  • $200 minimum deposit required
  • Different fees for MT5 and cTrader
  • Drawing tools on MT5 are limited

Broker Details

Our team at Compare Forex Brokers found 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.
MetaTrader 5 Logo

We experienced IC Markets’ MT5 Android app firsthand and were impressed with its user-friendly interface, seamless one-click trading functionality, extensive chart layout customisation choices, and sophisticated charting and analysis tools.

ic markets platform mt5

We Recommend Using MetaTrader 5 Android With IC Markets

We downloaded the MetaTrader 5 for Android directly from the Google Play Store at no cost. Having been trusted by over 5 million users, this MT5 app is a favourite, ranking as the second most popular forex trading app by installation count. To fully utilise IC Markets’ MT5 mobile platform, you will need Android 4.0 or later.

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

With the IC Markets MT5 app, we had all the resources at our fingertips to kick-start our CFD trading. Active traders relished the opportunity to trade across seven distinct financial markets, backed by Depth of Market (DoM) from IC Markets’ trusted liquidity providers. CFDs we accessed 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, and NYSE with dividends included
  • Bond – 6 Bonds
  • Cryptocurrencies
  • Futures – 4 Global Futures

We had the advantage of trading CFDs with starting spreads from a mere 0.5 points on indices and 0.0 pips FX spreads via the broker’s Raw Spread trading account.

We especially liked how the app’s clean, straightforward interface made it easy to trade directly from charts and revise orders. When trading on the go, you don’t want to struggle and squint to track your positions or worry that a slip of the thumb will dramatically, unintentionally alter your trading strategy.

A simple drop-down menu makes it easy to toggle between positions, price alerts and orders. We were also impressed that the ‘Overview’ dashboard includes Depth of Market data. You can even access an economic calendar.

metatrader5 app chart on android

metatrader5 mobile app trading chart and Depth of Market data view

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 the Economic Calendar and real-time news events without leaving the app
  • Offline mode

IC Markets Has Tight Spreads – 0.32 Pips on Average

One of the main benefits of choosing IC Markets is that this broker offers some of the best spreads on the market. According to Ross, IC Markets RAW account holders enjoy a respectable average spread of 0.32 pips. IC Markets even snagged the top spot for standard account average spreads at just 1.06 pips. (Compare that to our lowest-performing broker: 2.22 pips!)

Low spreads will save you trading costs, and this can be significant if you are a high-volume trader.

IC Markets Raw Account Spreads

IC Markets Raw Account Spreads
0.02 0.23 0.27 0.85 0.17
0.10 0.30 0.30 1.40 0.20
0.10 0.60 0.40 2.40 0.20
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 02/01/2024

Compare All Spreads

Our Verdict on IC Markets: The Best Android Forex Trading App 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.

3. FxPro A Good Alternative to Metatrader

FxPro

Forex Panel Score

61

Average Spread

EUR/USD = 1.32
GBP/USD = 1.7
AUD/USD = 1.95

Trading Platforms

MT4, MT5, cTrader,
FxPro Trading Platform

Minimum Deposit

$100

Why We Recommend FxPro

After giving cTrader a whirl, we genuinely believe it’s a stellar alternative to the MetaTrader platform, especially when powered by FxPro. Users can seamlessly manage their accounts and tap into fund management services within the FxPro Direct App. What sets cTrader for Android apart is its dedicated section for price alerts, letting traders efficiently manage push notifications. This user-centric approach makes cTrader a worthy contender in the world of forex trading apps.

Pros & Cons

  • cTrader has a solid choice of indicators
  • Offers DMA access
  • Competitive spreads
  • Inactivity fees
  • Learning curve needed for some features
  • Weak educational resources

Broker Details

cTrader Is Another Popular Freely Available Trading Platform

In our experience, cTrader, available through FxPro, is a strong MT4 alternative for Android enthusiasts. While the lion’s share of traders tend to gravitate towards MetaTrader 4, its simplistic design and basic feature set don’t cater to everyone’s tastes. Indeed, several of us at CompareForexBroker have dabbled with cTrader, only to eventually gravitate back to MT4 or MT5, recognising the depth of features essential for sustained trading.

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.

fxpro platform ctrader

It’s noteworthy to mention that FxPro was a pioneer in introducing cTrader to its users.

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 100,000+ downloads on unique devices. We like the professional interface and enjoy the STP trading experience.

cTrader mobile trading app details:

  • App size: 65.0 Mb
  • 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. We also appreciate that the trading platform’s Smart Order Routing ensures that FxPro clients receive the best available price in 100% of the cases.

Second, you have access to a full suite of technical analysis tools and advanced charting options – 57 technical indicators, 5 chart types, and 26 time frames.

Other features and benefits of FxPro’s cTrader app for Android include:

  • Access to market news and market sentiment indicators
  • You can execute your order 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

Our Verdict on FxPro: The Best Android Alternative to MT4

In our books, FxPro’s cTrader takes the cake when considering an alternative to MetaTrader. The FxPro Direct App streamlines account management and offers consolidated fund management solutions. A cherry on top is the dedicated tab within the cTrader Android app for managing push notifications for price alerts – a feature missing in the MT4 app.

4. ThinkMarkets The Best Trading App for Beginners

ThinkMarkets

Forex Panel Score

68

Average Spread

EUR/USD = 1.1
GBP/USD = 1.3
AUD/USD = 1.1

Trading Platforms

MT4, MT5,
ThinkTrader

Minimum Deposit

$0

Why We Recommend ThinkMarkets

We’ve seen firsthand that ThinkTrader, previously known as Trade Interceptor, shines as the top forex trading app for those just starting out and experienced traders who prefer on-the-move action. ThinkMarkets offers the app a user-friendly interface, seamless performance, and standout features. ThinkMarkets has done a stellar job in eliminating common hurdles that novices often face, making it our prime pick among the forex brokers we’ve explored.

Pros & Cons

  • Cloud-based account syncing across all devices
  • 40+ chart drawing objects
  • Trading Ideas via TrendRisk Scanner tool
  • Has a long learning curve
  • Cannot use ThinkZero account with ThinkTrader
  • Minimum $500 deposit for some services

Broker Details

ThinkTrader Has Good Risk Management And Education Features

We’ve been looking for forex trading apps for beginners and those who prefer on-the-go trading, and the ThinkTrader app, previously known as Trade Interceptor, certainly caught our attention. ThinkMarkets presents it and boasts a contemporary design, seamless interface, and distinct features.

Among the forex brokers we reviewed, ThinkMarkets was our first pick for beginner traders because it eliminates many of the barriers new traders can face. ThinkTrader uses an eye-catching design and tight security features to make trading safe for everyone.

About ThinkTrader Android Mobile App

Developed in-house by the experts at ThinkMarkets, ThinkTrader is their proprietary mobile trading platform. It’s available for free download from the Google App Store. With just over 500k installs, it might seem less popular than other apps, but don’t let that deter you.

thinkmarkets trading platforms think trader

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 Mobile App Features

The user-friendliness of ThinkTrader Mobile is enhanced by its distinctive features, such as:

  • 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 you need it without being logged in to your 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 you can instantly determine the exact number of pips it represents
  • Multiple watchlists and customisable trading history reports
  • Market analysis and real-time news from FX Wire Pro
  • In-app deposits and withdrawals – You can submit requests for deposit or withdrawal directly through your mobile devices

ThinkMarkets Forex Trading Education

ThinkMarkets doesn’t just provide a trading platform; they offer an extensive educational arsenal to cater to newcomers and seasoned traders. Their three-tiered trading tutorials (categorised into novice, intermediate, and advanced) are complemented by exhaustive guides that delve into 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.

Our Verdict on ThinkMarkets: The Best Android Trading App for Beginners

For those seeking an untroubled trading experience, ThinkTrader is the perfect fit. With ThinkMarkets, Android enthusiasts have a choice of 4 account types, but we’d recommend starting with their demo account. When it comes to user-friendliness combined with a sleek interface, the ThinkTrader mobile app truly shines. Click the button below to claim your free demo account.

5. eToro Top Android Platform For Social Trading

eToro

Forex Panel Score

43

Average Spread

EUR/USD = 1.0
GBP/USD = 2.0
AUD/USD = 1.0

Trading Platforms

eToro Trading Platform

Minimum Deposit

$50

Why We Recommend eToro

We’ve delved deep into eToro’s Android trading app and can vouch for its prominence as the premier platform for social trading. eToro is celebrated globally for its forex social signals. Android users, in particular, will appreciate the blend of innovation and simplicity the app offers, coupled with an unmatched customer experience.

Pros & Cons

  • Intuitive interface to make copy trading easy
  • Research top-performing traders to copy
  • Trade a wide range of markets
  • Limited range of technical indicators
  • Charting is basic compared to other platforms
  • Charges $5 to withdraw funds

Broker Details

eToro Earns High Scores for Its Social Trading Experience

When talking about standout social trading platforms on Android, eToro undoubtedly tops the list. With a reputation bolstered by its emphasis on forex social signals, it ensures a premier customer experience for its Android user base.

etoro trading platform web mobile

Want to give it a whirl? eToro’s trading platform can be readily installed from the Google Play Store. It flaunts a whopping 5 million downloads across over 140 nations to further vouch for its popularity.

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.

eToro Mobile App Features

The jewel in eToro’s crown has to be their CopyTrader feature. For those of us who might be taking baby steps into trading or lack extensive experience, this feature lets us peer into the strategies of seasoned traders, mirroring their moves in real time.

But that’s just the tip of the iceberg. The eToro app is brimming with features such as:

  • 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

Our Verdict on eToro : The Best Android Mobile Social Trading Solution

If copy trading is your game, eToro’s Android app is a definitive must-have. For those craving a space to engage with fellow traders, mirror trades without any additional fees, craft a diverse portfolio of traders, and operate within an environment explicitly designed for Android — eToro is your best bet. 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’

6. Plus500 Best CFD Risk Management

Plus500

Forex Panel Score

57

Average Spread

EUR/USD = 1.7
GBP/USD = 2.3
AUD/USD = 1.4

Trading Platforms

Plus500 Trading Platform

Minimum Deposit

$100

Why We Recommend Plus500

After exploring the Plus500 app, we genuinely believe it stands out for its stellar CFD risk management tools on Android. The app’s comprehensive risk management features, encompassing multiple stop losses, funds protection, mobile alerts, and GSL, rightfully earn it the top spot in this category. Plus, traders can benefit from live price quotes and commission-free share trading, all from the convenience of their mobile devices.

Pros & Cons

  • Good range of trading indicators
  • Offers guaranteed stop-loss orders
  • +Insights provides good sentiment analysis
  • Cannot use any other trading platforms
  • Inactivity fee charged after 3 months
  • No automated trading tools

Broker Details

Plus500 Offers a Guaranteed Stop Loss Order

In our endeavour to find forex trading apps that stand out in risk management, Plus500 certainly made its mark. As many of us know, trading CFDs comes with a significant risk of rapid capital loss because of leverage. So, for retail traders like us, diving into the financial markets requires careful consideration and robust risk management tactics.

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 webtrader mobile platforms

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.

Managing risk on Plus500’s Mobile App

Safeguarding trading positions against unexpected market twists is paramount for retail traders. To this end, Plus500 offers several nifty 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 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: 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. You 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.

Our Verdict on Plus500: The Best Android Trading App with Risk Management Tools

When weighing up the risk management tools, from diverse stop losses to client money protection and mobile alerts, Plus500 stands tall. The app presents a rich array of financial markets, live price quotes, and the allure of commission-free share trading from our mobile devices. Claim your unlimited demo account by clicking the button below.

7. FXCM Free Forex Trading Signals Android App

FXCM

Forex Panel Score

75

Average Spread

EUR/USD = 1.3
GBP/USD = 1.4
AUD/USD = 1.7

Trading Platforms

MT4, TradingView,
Trading Station, Capitalise.ai

Minimum Deposit

$50

Why We Recommend FXCM

We’ve spent ample time with the Trading Station Android app by FXCM and can confirm it’s a top choice for traders seeking free forex trading signals. Beyond its user-friendly layout, the app provides tailored signals, a free trial period, and handy SMS notifications. What further elevates it is it offers a swift entry to the Forex and CFD markets.

Pros & Cons

  • Well-designed mobile app
  • Excellent ecnomic calendar
  • Access free trading signals
  • Lacks a varied range of forex products
  • Expensive withdrawal fees via bank transfer
  • No automated trading features

Broker Details

FXCM Includes Free Forex Trading Signals with Its Android App

In our quest to discover top-notch forex apps, we stumbled upon the Trading Station by FXCM. It stands out by drawing its strength from an intuitive interface, personalised signals, a free trial, and the bonus of 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 mobile platform

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.

Trading Station Mobile App Features

Being FXCM clients, we’ve benefited from a myriad of powerful features that this app brings to the table:

  • 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

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

FXCM Free Forex Trading Signals

One aspect that particularly piqued our interest was the broker’s trading signal service. We used the 14-day free trial on the Trading Station app for Android to give it a whirl.

FXCM’s trading signals service provides trade ideas that can be applied in live currency trading. After subscribing to that service, you 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.

However, a word of caution to fellow retail traders – these trading signals shouldn’t be mistaken for investment advice. Making trading decisions based purely on these signals rests squarely on your shoulders, and it’s crucial to tread carefully.

Our Verdict on FXCM: The Best Free Forex Signals App for Android Devices

Overall, Trading Station by FXCM shines by offering stellar trading opportunities, especially with the unique trading signals from FXCM Plus. The app has tools to steer you towards success, bolstered by valuable market data and insights via FXCM’s proprietary Speculative Sentiment Index (SSI). You can test the free trading signals on a demo account by clicking the button below.

8. TD Ameritrade Best Android App For US Traders

TD Ameritrade

Forex Panel Score

38

Average Spread

EUR/USD = N/A
GBP/USD = N/A
AUD/USD = N/A

Trading Platforms

thinkorswim

Minimum Deposit

$0

Why We Recommend TD Ameritrade

After navigating TD Ameritrade’s thinkorswim Android mobile software, we can confidently say it’s the cream of the crop for US traders. The platform furnishes a comprehensive trading suite suitable for stocks, futures, options, ETFs, currencies and beyond. Adding value, it delivers zero commissions on stock trading, real-time price quotes, CNBC news feeds, customisable charts, and a vast array of over 300 analytical tools and indicators.

Pros & Cons

  • Excellent range of technical indicators
  • Live chat support via mobile app
  • Syncs with desktop platform on the go
  • Doesn’t offer all trading products available
  • Limited trading tools compared to desktop
  • Not the most user-friendly interface

Broker Details

TD Ameritrade Makes Trading Forex Easy for Americans

In our journey exploring various trading platforms, we’ve given thinkorswim by TD Ameritrade a thorough test run. It easily earned its place as our top recommendation for the best Android trading app tailored for US traders. With thinkorswim’s mobile app, stock trading and the broader spectrum of futures, options, ETFs, currencies, and much more become seamlessly accessible.

Offered by TD Ameritrade, thinkorswim isn’t just another mobile platform. It stands out with enticing offerings such as zero commission on stock trading, real-time price quotes, live CNBC news feeds, customisable charts, and a mind-boggling array of over 300 analysis tools and indicators.

td ameritrade trading account us

thinkorswim Mobile App Features

TD Ameritrade’s app isn’t merely about trading; it’s about offering an enriched user experience tailored for both budding traders and seasoned pros. Boasting a title as one of the world’s premier brokerage trading entities, TD Ameritrade offers comprehensive access to the US stock market. It’s a powerhouse in a pocket with low trading fees, impeccable customer support, expansive research tools, free level 2 market data, and interactive courses.

To give you a clearer picture, here’s what we experienced while navigating through thinkorswim on our Android devices:

  • Access +400,000 economic and 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 is built into the app

Our Verdict on TD Ameritrade: 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, you can register for a paperMoney account.