Thursday, January 27, 2022
AppsForex

3 Best Forex Trading Apps for Mobile Devices

3 Best Forex Trading Apps for Mobile Devices

The best forex trading apps make it simple and easy to trade and invest in financial instruments using your tablet or smartphone.

According to research from the Bank for International Settlements, forex trading generates an estimated $5.3 trillion daily – making it larger than other financial markets.

Forex traders need to have constant access to trading accounts and market news to take advantage of unexpected opportunities. Mobile apps are the best way to keep trading when on the move

Here is our list of the 3 best forex trading apps for mobile devices. You can trade right from your smartphone, and use a few accessory apps that will help you make smarter money moves.

Although, this is not on our list we recommend Crypto Engines for your trading transaction. This software offers you the option of choosing between manual or automated trading. With the automated trading feature, the software will analyze markets for you and will automatically execute trades when profitable opportunities present themselves.

1. FXTM

ForexTime’s FXTM software is a reliable platform for foreign exchange trading and this app is used by traders in more than 180 countries and is fully regulated.

It’s positioned as an automated currency broker. 

The great thing about this platform is that it’s designed for both professionals and beginners.

This app can make trades with millisecond execution rates. In other features, you can get daily commentaries from the firm’s market research team and make use of a series of free trading tools to make more informed decisions.

FXTM is also known for offering a wide range of trading instruments users can use to learn how to execute trades and invest. Their trading conditions are unparalleled, making them one of the best in the scene. Since FXTM is globally licensed, users’ funds are guaranteed protection. 

ALSO READ  Best graphic design software of 2019

Beginners can start trading with FXTM’s demo account that also comes with tutorials to help them with each step, as well as webinars and even a dedicated account manager. Trading is fast with hi-tech tools and made ultimately secure, and investing is made easier and beginner-friendly. FXTM offers users a large number of strategies as guides, profit, and even full control of their investment.

2. eToro

Founded in 2007, eToro was the creators of the social trading system. It remains the leading social trading broker and its unique and innovative trading platform is built from a mobile-first perspective, leading to a smooth and simple trading experience.  

Copying other eToro users’ trades straight from the social feed is a simple process and the app has won many awards for its intuitive and straightforward design. The app doesn’t have any of the complex trading features found on other platforms like MetaTrader and cTrader, it’s either removed or blended into the trading experience in a more natural way. This point-and-click platform is perfect for beginners and needs little introduction before opening trades.

eToro users enjoy zero commission and eToro offers access to over 90 crypto and cross-crypto pairs. eToro is also a fully regulated crypto service provider. eToro members can buy Bitcoin, Ethereum, XRP, and other top cryptocurrencies without deposit fees.

3. MetaTrader

MetaTrader is one of the most popular trading platform apps for retail investors using Android devices and allows for the trading of stocks, forex, futures, options, and other financial instruments from your mobile device.

The app supplies a general analysis of the financial markets using a range of real-time charts which includes historical information, to monitor prices and quotes. Through this app, you can also easily switch between different financial instruments as well as both SL and TP values on charts, along with visualization of trading information. Charts are also interactive, with pinch and zoom options. 

ALSO READ  Xerox is backing out of HP takeover

There are also several analytical instruments included such as Gann, Fibonacci, and Elliott tools, as well as up-to-date financial news. MetaTrader does not only let you trade from your smartphone, but also any browser running on any OS without any additional software. 

Algorithm trading is also one of MetaTrader’s features. This refers to the development of trading robots and technical indicators that lets you develop, test, and apply Expert Advisors and technical indicators. This eliminates any challenges you may have in analytical and trading activity.

Millions of traders have turned to MetaTrader, and anyone can join them for free. The MetaTrader app provides users with the liberty to manage their trading account from any device and any location.

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.