Gone are the days when traders relied on a trading platform running on a desktop browser. In the last decade, with the evolution of smartphones, forex trading apps have also been introduced. As a result, many forex trading apps are available that are compatible with both Android and iOS. In this article, we will discuss the best forex trading apps for Android.
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Key Benefits of Using Android Trading App
By smartphone with a forex trading app, you can easily:
- Access all trading instruments just as you have seen on a web platform.
- Gain plenty of technical analysis tools just on your smartphone.
- Monitor your trades at your fingertips walking or traveling.
- Open or close your position even at times when you are not in front of your computer or laptop
- Set your goals and just waiting for results: a fully automated app does the rest
Best Forex Trading Apps for Beginners
Trading currencies is part of a global and decentralized foreign exchange environment. Therefore, to trade currency pairs, you need an online application that matches the requirements like real-time updates, educational resources, a reliable platform, advanced analytical tools, etc.
Are you a newbie? Try one of the next currency trading apps:
1. TRADE.com
TRADE.com is an advanced trading platform, so for beginners it can be pretty hard to use. This broker is operated by the financial organization Trade Capital Markets (TCM) Ltd.
By this app, you can use major trading instruments:
- Forex
- CFD trading
- Commodity CFD trading
- Spread Betting Trading etc.
2. 101Investing Online Trading | Forex and Stocks
You can trade CFDs on more than 350 assets with the 101investing free forex app. You can gain exposure to multiple markets across the world with the advanced tools of the 101investing app. Also, you can access the MetaTrader 4 (MT4) platform.
Traders can benefit from several 101investing services covering price updates, synchronized trading, news alerts, tight spreads, etc. In addition, the 101investing app allows you to conduct technical analysis with advanced technical indicators and various charting tools.
Also, you can follow multiple strategies like scalping and swing trading with the 101investing trading app. The broker 101investing is a well-regulated brokerage firm operated by the FXBFI Broker Financial Invest Ltd, authorized by CySEC.
3. Justforex
The functionality of this Justforex APP is slightly different from its web version. However, the app is appreciated by many traders worldwide for its user-friendly interfac. This app was developed by JF Global Limited; the company is a regulated financial entity.
Justforex is a free app equipped with more than 160 tradeable assets, including currency pairs, stocks, indices, etc. You can check your history, redeem bonuses on your deposits and avail many benefits from the app. In addition, this smartphone application offers multilingual support and a free demo account for practice trading for beginners.
You can choose a suitable platform according to your needs through the app. The two major trading platforms are MetaTrader 5 and MetaTrader 4. In addition, there are multiple benefits like expert advice, hedging, etc.
4. Brokereo
Brokereo is the free forex trading application equipped with all the advanced features required for trading. You can trade CFDs on over 350 financial instruments with its enhanced performance functionality.
Brokereo offers multilingual support to the users for the convenience of traders across the world. This trading app is suitable for all – beginners, experienced and professional traders. The Brokereo app has the ability to execute your trades fast and keep your data highly encrypted.
You can access expert support, one-click operations, real-time market updates and many other benefits. Brokereo also provides free educational resources on its app for clients so that they can face the challenges that the market throws at you daily. Brokereo was created by Concorde Investments Ltd.
5. ROinvesting: Trading Forex, Stocks and Bitcoin
ROinvesting free forex trading app available on the Google Play Store. You can download it now to start your trading journey.
The broker is the partner of one of the top Serie A football clubs – AC Milan. You can trade CFDs on multiple asset classes and exploit the one-click operations to trade the international markets.
ROinvesting App is well equipped to serve each level (novice or seasoned) of traders. Traders take advantage of many excellent services provided by the app, including fast order execution, dedicated technical support, trading history, multiple chart options, etc.
This is a best free forex trading app for beginners.
The Best Forex Trading App for Android
There are a lot of apps. As we have mentioned earlier, the amount of information can be overwhelming for you. To make an informed decision, investigate more details: read more about broker, check reviews in the Google Play Market, etc. It also depends on your level: if you are a beginner, you will need a user-friendly interface for an easy start as a Forex trader.
But don’t waste time, choose one and start earning money now!
FAQs
What is the best forex app for Android?
If you are a beginner, it would be a good idea to use the ROinvesting app. The existing users of this application have an excellent trading experience as it has a great user interface with other facilities suitable for beginners.
Is the forex app safe?
Yes, Forex trading apps are safe to use. But you should check whether the associated broker is regulated or not.
Can I trade forex with my phone?
Absolutely yes, you can trade forex currency pairs from your smartphone anywhere at your fingertips.
Which app is best for trading in mobile?
Here are the 5 best forex trading apps for Android:
1. TRADE.com
2. Justforex - Online Forex Trading
3. 101investing Online Trading | Forex and Stocks
4. Brokereo
5. ROInvesting: Trading Forex, Stocks, and Bitcoin