Best Forex Trading App UK – TOP mobile apps and platforms

Have you ever been wondering what could be the fastest way to earn money from home? If you believe that it’s impossible to make a fortune without an office job, then you’re completely wrong. You can find lots of solutions, and trading seems to be one of the most profitable options. Just a few years ago becoming a professional trader and getting profit from such an activity used to be virtually impossible without the startup capital. However, recently everything has changed dramatically. Nowadays the opportunities to become a successful trader are staring into your face. Just get yourself acquainted with the best Forex trading app on the market.

How to find the best forex trading app: our criteria

As mentioned above, it’s possible to make some decent money via a program downloaded to your smartphone. The challenge though, is that there are dozens of them, how to choose the best Forex trading app plus avoid dealing with all kinds of different risks (e.g. bad apps, scammers, etc)? We have done some research and prepared a list of those apps that we reviewed. While building this list we took many parameters into account including but not limited to the following ones:

  1. The option to download the app and use it on various operating systems. All of the programs in our analysis can be installed by people using smartphones working via Android and iOS. A PC isn’t required, although some of them can be found in the Microsoft Store, again the primary focus was the apps for the phones.
  2. Fees. We wanted the list to be useful for everybody (i.e. newcomers and hobby-traders) and not only professional traders. We have tried to select the apps with the lowest fees. Lower fees allow trading with a just a few bucks. Another advantage of the small fees is that the risks are decreased too.
  3. The interface. This’s a major factor because trading is all about usability. If the platform does not have a good-looking interface and it takes forever to refresh a screen then it’s impossible to execute the orders you want at a reasonable price at exactly the moment you want them to be executed. To avoid missing deals, we have handpicked the apps with the best interface.
  4. Additional features. Most of the apps on this list are not only the programs for trading via your mobile phone. These are platforms where you can always see recent analysis and forecast prepared by professional traders. Being on the top of the game based on the expert’s opinions, you will be able to make the right choice and earn more.

Forex trading app

Available on :

App Score

Create account

Plus500

  • ✔️ iOS

  • ✔️ Android

  • ✔️ Windows phone

CMC Markets

✔️ iOS, Android

AvaTradeGo

✔️ iOS, Android

eToro

✔️ iOS, Android

FXTM

✔️ iOS, Android

City Index

✔️ iOS, Android

easyMarkets

✔️ iOS, Android

Markets.com

  • ✔️iOS

  • ✔️ Android

  • ✔️ web trader

IG

✔️ iOS, Android

XM

  • ✔️ iOS

  • ✔️ Android

  • ✔️ webtrader

Plus500 Forex Trading App: a CFD platform with a great interface

Many professional traders say that Plus500 is a great trading app in the UK. On top of that, most of the users support this, at least that’s the impression one can get just looking at the positive feedback on the Google Play and App Store. Most of the reviewers mention its great usability and the number of additional features for trading.

App features

Plus500

Devices

✔️ iPhone, iPad, Windows phone

Customer service

✔️ 24/7 multi-language

Platform

✔️ MT4

Overall app rating

The key element that makes Plus500 a great app in its field is the number of instruments available for the users so that they can customize their trading strategy the way they want. With this mobile program, they can buy and sell options, commodities, all sorts of cryptocurrencies, indices, fiat currency pairs, shares, and commodity ETFs. In the package, they can also find small indices including the Crypto 10 index. With them, traders get access to different parts of the market.

With Plus500, you can only trade CFDs

Speaking about cryptocurrencies, in this app the traders can select instruments from Bitcoins, Litecoins, IOTA, and Ethereum.

Trading with a Plus500 app you will never lose the right point in time because you can use various technical indicators. Once applied to the chart, it will remain like this, but you can always turn it off/remove.

When you start using this CFD provider, you start noticing all the fine details that comprise a great app.

Pros:

  1. The dashboard of the app looks simple.
  2. The Demo version is available. You can try it for yourself and see how it goes. Playing with the main features and not losing any money sound kinda nice.
  3. All the functionality the developers of the app have put into the Plus500 are app are instantly available to the users.
  4. Once you feel you have larnt enough feel free to switch to the regular (non-demo) mode. To switch from a Demo version, you only need to click on the button.

Cons:

  1. It’s not available in some countries;
  2. There aren’t any third-party instruments.

80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

CMC Markets Forex Trading App: a wonderful option for beginners and professionals

Another app that is probably also well-known on the stock trading apps in the UK. With CMC Markets users can try derivatives trading including Forex. This vendor has been offering online trading services since 1996. Being around long enough could be a reason why it is trusted by the experts in the industry.

App features

CMC Markets

Devices

✔️ iOS, Android

Technical indicators

✔️ 40+

Platform

✔️ MT4

Instruments

✔️ 10.000+

Overall app rating

While trading via CMC Markets you can get access to more than 10,000 instruments. These assets include Forex pairs, treasures, indices, cryptocurrencies, shares, and ETFs.

As a broker, CMC charges all traders for each position they open on the market. Besides this company charges a fee for stocks and ETFs. However, all these commissions are quite low. The amount you earn is often way bigger than the broker’s commissions. This boils down to an obvious conclusion that it is not expensive to trade with CMC Markets.

You can trade via the most well-known trading platforms such as MT4 and Next Generation. They both allow users to utilize technical indicators, get more precise forecasts, and thus earn more.

If this is you the first time and you haven’t tried trading before, CMC Markets is probably the best choice for you because they have a Demo account that is available for all users. You can go back to the demo version even after you start trading with your regular account.

Pros:

  1. There are more than 10,000 instruments for trading;
  2. The broker complies with the regulations and has a long-term history;
  3. The platform is user-friendly;
  4. All traders can start with a Demo account.

Cons:

  1. A commission is a little bit higher than the competition;
  2. They don’t have a live chat. To contact the customer service, you ought to use email or call.

AvaTrade Forex Trading App: unique technologies

AvaTrade is a broker internationally known as one of the greatest software developers. The best stock trading app for beginners UK is called AvaTradeGo. Such a mobile version is available for smartphones on Android and iOS.

App features

Avatrade

Devices

✔️ iOS, Android

Platform

✔️ MT4, MT5

Instruments

✔️ 1.000+

Overall app rating

After the registration process, all traders get access to about 250 assets. What’s more, with some of these trading instruments, it’s allowed to use the leverage of 1:30.

This app differs from others because it’s supplied with a good-working tool for risk management. By using this feature, you can be protected from a risk on the market. Although this option isn’t free, it’s worth the sum you pay. In case you lose some money while trading, this broker will make you a repayment on the loss you have protected. This feature can be used for FX pairs, Gold and Silver.

Since the app for Android is only 13Mb big, it takes several seconds to install. Nevertheless, it’s essential to draw attention to the fact that the program for iOS is bigger. To download the app on your iPhone or iPad, you need to get 76.7Mb. After installation, you can try the program with virtual money. To open the first position, you don’t have to be a professional. To start trading, you only need to go to the section and choose the assets you prefer.

If you want to see what instruments you have bought and sold, go to the Trade History page.

If you deal with some issues while trading, you can contact the AVA support. One of the managers will answer you in some minutes.

If you want to improve your skills in trading, you are offered to go to the Education Centre right from the app.

Pros:

  1. The presence of leverage for many assets;
  2. A risk management feature;
  3. The Trade History;
  4. Easy to trade;
  5. For the first time, you can use virtual money;
  6. It’s quick to contact the AVA support.

Cons:

  1. Not som many assets for trading;
  2. The app for iOS is heavy.

eToro Social Trading App: low fees for many features

eToro is one of the brokers whose main office is located in London. The app of this company is concentrated on electronic assets such as cryptocurrencies.

Being a platform with lots of advanced features, eToro is easy to use. That’s why it has mostly positive reviews published at Google Play. Furthermore, today, this program is downloaded by more than 1 million users.

App features

eToro

Devices

✔️ iOS, Android

Instruments

✔️ 2.000+

Overall app rating

The most useful feature of this app is its social components. With this function, traders can copy peers. What’s more, they are allowed to provide their trades with other members of eToro.

To start trading with the app of this broker, you can select a particular asset from the list. To set the investment amount, it’s needed to click on the “Open Trade” button.

The navigation of the app is simple. To get access to advanced features, you ought to visit the toolbar. It’s located on the top left side of the display.

In case you want to enter the eToro club, it’s easy via the app. Since this mobile version users can download via Android is only 33Mb. Furthermore, the registration process is faster than for other apps However, if you are a user of the iPhone, you need a free space more than 100Mb. So, the rates at the App Store are lower. Nevertheless, apps for both operating systems look the same and have the same but still user-friendly interface.

If you are a professional trader, it’s possible to use this eToro app to become a popular investor. As a result, you will be able to earn 2% off the assets under management.

Pros:

  1. Simple to use;
  2. Great navigation;
  3. Available for Android and iOS;
  4. Users can share their peers and copy peers provided by other traders.

Cons:

  1. The app for iOS is larger than Android.

FXTM Forex Mobile App: choose from more than 250 instruments and trade

The reason why you should trust the best shares app UK provided by the FXTM broker is the fact that this company provides its services for more than 180 commonwealths. What’s more, it’s considered to be an automatic currency broker.

App features

FXTM

Devices

✔️ iOS, Android

Platform

✔️ MT4, MT5

Overall app rating

The main thing to mention about this app is that it can be exploited by experts in trading and newcomers. For instance, it allows using flexible leverage. By utilizing this feature, you can make your earning potential much higher. However, to get access to this helpful function, you ought to get much experience. So, in case you aren’t ready to risk while trading, this broker protects you from losing too much money. What’s more, if you aren’t experienced in trading, you can get access to lots of educational courses.

With this app, you can use fixed as well as variable spreads. When you require the withdrawal, your request will be processed in some minutes. To become a trader, you only have to download the program on your mobile phone and sign up. In this case, you ought to upload copies of your documents to verify your information.

To make your trades more profitable, you are allowed to use lots of trading tools for free. Moreover, you can feel protected because this UK broker states that it will cover 100% of your deposit up to $1,000.

Pros:

  1. This app is available for Android and iOS;
  2. It’s possible to trade via this broker all around the globe;
  3. The company covers 100% of the deposit up to $1,000;
  4. This company is fully regulated.

Cons:

  1. Leverage is available only for professional traders.

City Index Forex Trading App: technical indicators for more profits

City Index is also considered one of the best stock trading apps in the UK. The main reason for the popularity of the mobile version of the program is that users get access to powerful charting. What’s more, after becoming a customer of this broker, you can purchase and sell up to 12,000 assets. These trading instruments include Spread Betting, Forex, and CFDs.

App features

City Index

Devices

✔️ iOS, Android

Technical indicators

✔️ 60+

Platform

✔️ MT4

Overall app rating

To make the process of trading more profitable, the founders of this app offer users to exploit a charting feature. You will never lose the time time to trade because it’s possible to utilize dozens of technical indicators. Advanced technical analysis is also provided by this trading app. If you are waiting for the right price for a particular asset, you can add it to your personalized watch list.

If you aren’t experienced in trading, you can start with a Demo version. With such an account, you can sell and purchase instruments for the sum up to £10,000. Nevertheless, if you are ready to earn real money by trading, you simply have to select the asset. After that, you will see its overview. There’s much info about this asset on the screen. You will get access to the information about the price, Sell or Buy options, and a chart. To expand it, you ought to click on the expand icon. With this best UK trading app, you can turn your smartphone into a landscape position to study the chart better.

In this app, several stop types are available. They include Normal, Guaranteed, and Trailing. What’s more, you can also hedge with a mobile version provided by City Index.

Pros:

  1. A great number of additional features. It is possible to create a personalized watch list, study the Economic Calendar, and get access to the analytics.
  2. The app is available for Android and iOS.
  3. The possibility of opening a Demo account.
  4. It’s possible to turn into a landscape mode.
  5. About 12,000 are provided for trading.

Cons:

  1. The app cannot be used on older models of smartphones.

easyMarkets Forex Trading App: more than 150 markets at your fingertips

A mobile version produced by easyMarket is in the top of stock trading apps in the UK due to its high score. Now it’s about 4.1 out of 5 on Google Play.

App features

easyMarkets

Devices

✔️ iOS, Android

Technical indicators

✔️

Platform

✔️ MT4

Overall app rating

When you enter this app for the first time, you can get access to the tutorial. So, you don’t have to be an expert to trade via easyMarkets. Moreover, you can always return to these lessons even after months of active trading. On the central part of the screen, there’s a feature for selecting assets. All of the types of instruments you can trade are demonstrated in the top toolbox. With this app, it’s possible to purchase and sell commodities, metals, Forex, indices, and different kinds of cryptocurrencies.

The trading process here is fast. To find a particular asset, you’re allowed to utilize a searching feature. Then tap on this asset, and you will be linked to a detailed description of this instrument. Moreover, it’s possible to select the expiry time and see what is your payout for purchasing and selling.

To find out more about your profile in general, you ought to click on the “My Account” button. On this page, you will see margins, your situation with Profits and Losses, and your current balance.

To avoid losing money, you can use the chart. By entering this section, you will also get access to lots of fundamental and technical indicators including Bollinger Bands and oscillators. What’s more, it’s possible to select one of the 11-time frames and a particular type of chart.

Pros:

  1. Simple navigation;
  2. A fast customer service;
  3. The presence of tutorials for beginners;
  4. Different types of assets;
  5. Spreads are fixed.

Cons:

  1. Some reviewers complain about withdrawal problems.

Markets.com Forex Trading App: all functions in one program

Markets.com is also known as the best trading app for beginners UK. However, with this broker, you don’t get access to lots of assets. This company offers you to trade with 2,200 instruments such as bonds, ETFs, commodities (oil, gold, and silver), cryptocurrencies, and indices. However, here you can find a unique asset called blends. This’s a micro basket of shares where particular industries are presented. For example, if you buy the Cannabis one, you will become the owner of this sector. Most of the trading operations are done via CFDs.

App features

Markets.com

Devices

✔️ iOS, Android, web trader

Platform

✔️ MT4, MT5

Overall app rating

To begin trading, you can open a Demo account providing you access to a virtual sum of $10,000. With this account, it’s possible to see the chart and use about 50 indicators for analysis. Nevertheless, to see them, you have to turn your phone into a landscape mode. If you are a complete beginner, we recommend watching video tutorials provided by this broker. What’s more, sometimes the experts of Markets.com conduct live trading sessions.

If you want to, it’s possible to combine two versions of trading programs by this broker. For instance, it’s allowed to purchase assets via a desktop version and to sell them via the app. What’s more, before buying, you can learn everything about the assets including its price. You can also see your stop loss, take profit, and the direction of your trade.

Nonetheless, even though this app has such an enormous number of features for trading, some professionals notice that it’s not the best stock market app. They notice that it has a lagging software and some issues with the registration.

Pros:

  1. Lots of features for beginners;
  2. It’s possible to combine desktop and mobile versions;
  3. The presence of blends.

Cons:

  1. Not so many assets;
  2. Problems with the registration.

IG Forex Trading App: one of the oldest brokers

Being one of the most outstanding and oldest brokers launched in the 1970s, IG Forex also has a well-established trade app. With a mobile version, you get access not only to Forex. Here’re also spread betting and CFD trading.

App features

IG

Devices

✔️ iOS, Android

Platform

✔️ MT4

Instruments

✔️ 17.000+

Overall app rating

This app has become well-known not only because of the great reputation of the broker itself. One more reason for its fame is a huge number of assets that reach up to 16,000 options What’s more you can download this app on both Android and iOS devices.

To open your account, you ought to provide your data such as your email, name, and address. After that, you need to send a copy of your documents. And the last thing to do is to make a minimum deposit that is $250.

When you have signed up, it’s possible to trade using real money. Nevertheless, if you are a beginner, it’s better to start with a Demo account. Such a version is free, and you can trade with it as long as you want.

If you want to feel protected from losing too much money, we recommend a risk management feature. With this option, your balance will always be higher than zero. If you don’t want to skip the right price, you can receive trading signals on your email address or telephone.

The fact that this app is useful is proven by the number of awards the broker has received for its development.

Pros:

  1. The app is available for Android and iOS;
  2. An award-winning app;
  3. 16,000 assets;
  4. It’s possible to start with a Demo account.

Cons:

  1. The minimal deposit is $250.

XM Forex App: select the best instruments from more than a thousand options

Although XM is one of the youngest brokers, the mobile version for trading is also considered the best app to buy shares. The main reason for this is the fact that this company has developed the whole eco-system. So, it’s possible to combine the app with its desktop version.

App features

XM

Devices

✔️ iOS, Android, webtrader

Platform

✔️ MT4, MT5

Instruments

✔️ 1.000+

Overall app rating

Using your smartphone, you can trade with more than 1,000 assets. They include Forex, CFDs on metals, stocks, indices, and energies, and commodities. What’s more, if you make a deposit higher than the expected sum, you will receive a bonus of up to $5,000.

To start your trading experience with the XM app, open a Demo account. With this version, the broker offers you to buy assets on the sum up to $100,000. Nonetheless, if you are experienced in trading, it’s possible to use leverage reaching up to 1:888.

Although the app was developed for the UK, nowadays, it’s possible to translate it to more than 21 languages including French, Italian, and Spanish.

To see when it’s better to buy particular assets, you can create a personalized watch list. One more thing you can do with this app is to read recent news and get access to 30 technical indicators. To understand how the price changes, you can select one of the nine timelines. Moreover, it’s possible to turn on sound notifications.

Pros:

  1. The presence of bonuses;
  2. It’s possible to trade with leverage;
  3. A Demo account;
  4. It’s possible to translate the app into 21 languages;
  5. Sound notifications;
  6. 30 technical indicators.

Cons:

  1. Only 1,000 assets.

Frequently asked questions

What are the different types of forex trading apps?

All apps used by traders differ by the type. It’s possible to download:

  1. Trading apps. These are apps where all features are included. Their Demo versions can be used by complete beginners. On top of that, the professionals get access to thousands of assets, news, and indicators.
  2. Analysis apps. These programs are developed to help to build a strategy to make more profit.
  3. Market news. Here you can see recent changes in economics and the market. Some of these apps include a calendar of events.
  4. Demo apps. You should download them if you have never traded before. With this app, you will get access to a virtual trading account. So, it’s possible to try buying and selling assets not losing your money. Moreover, some of these apps offer to watch tutorials and guidelines to improve your skills.

What are the benefits of forex mobile apps?

Even though some professionals believe that it’s better not to use investment apps in the UK because it’s impossible to get profits having only a small display of your smartphone, a lot of experts have another point of view. These people think that apps have lots of benefits such as:

  1. The possibility to trade wherever the internet is provided. A mobile app is a great solution in case you don’t have access to your computer or you want to trade while being on the go or traveling somewhere.
  2. It’s fast to trade via a mobile version because all operations are immediate. The interface of trading apps looks much more user-friendly than the dashboard of desktop versions. So, you will understand how the main features of such programs operate even if this’s your first experience in online trading.
  3. The best free trading app includes all features for selling and buying assets such as analysis, a Demo version, technical and fundamental indicators. Moreover, if a trader has problems, they can be solved online in some minutes.

What are the disadvantages of forex mobile apps?

As you can see, there’s a huge number of advantages. However, mobile apps have some cons, and it’s better to consider them before you start trading. The main shortcomings of these programs are:

  1. The small size of a display. It’s more complicated to study the charts via your smartphone. However, you can turn it into a landscape mode. As a result, you will be able to understand how the price is changing during a particular period.
  2. It’s possible to start over-trading. The main reason for such a disadvantage is the fact that sometimes such trading looks like a game.
  3. It’s harder to focus because of distractions. The most frequent of them are social media notifications and calls. To avoid being disturbed during the trading session, you can turn them off. So, you will never lose the right price.

Which is the best forex trading app and why?

After using these apps, our team understands that one of the best investment apps in the UK is developed by Plus500. This program is easy to download and to sign up, traders have to spend less than five minutes. What’s more, it’s possible to start with a Demo account. With this version, you can try trading with all available assets, and you won’t lose your money. One more reason to choose this trading app is the fact that it has a marvelous interface. All useful features are provided here. So, there’s a higher chance to get more profits faster.

Even though Plus500 isn’t available in some countries, their citizens still can trade with them if they use VPN apps.

One more reason why we believe that this app is the best option for traders is the fact that this broker can be trusted. Plus500 is one of the most well-known companies in this industry. It has all licenses and other legal documents. That’s why you can be sure that you will never lose the deposit you have made. To prove that this broker will never let you down, you can read hundreds of reviews published by professional traders and newcomers.

Conclusion

Are you new to trading? Or are you are professional who have never trusted mobile versions of trading apps before? In both cases, selling and trading via your smartphone is easier and faster than using a computer. With the best trading apps, you can see how the market changes and read all recent financial news.

It’s possible to see the analysis from experts and use fundamental and technical indicators. Another reason to try trading via your phone is that it is free. To start just simply open a Demo account or select a program providing a risk management feature. Use leverage to increase your profits.

Last Updated on June 24, 2020 by Daren Wilson