With time people are coming to understand the importance of investing in the forex market, which results in a highly competitive market. The norms of the forex market are changing at a fast rate. Without a suitable forex trading medium, it is not possible to indulge in a perfect time investing process. Due to the increased competitiveness of the forex market, many new forex apps are introduced to facilitate its users.
The main principle on which all of these forex apps are working is the ease to use, high efficiency, and are low-performance requirements. Many new traders and investors prefer to start their investing activities with forex trading. As the trend of forex trading is increased the use of forex apps are also growing. For an armature person or a newcomer, it is difficult to decide which forex app is best. So in this article, we have a list of best forex trading apps. These are:
One of the favorite forex trading app for all the investors around the world is Forex.com, and its best feature is its lowest spread on the market. It provides all the advanced options, including news, charting, and fund management. There are fewer problems and restrictions in using the app as it is designed for some specific asset class or category. With the use of Forex.com app, youroverall experience will be fast and more efficient.
- It offers the feature of customization to select your own dashboard watchlist.
- Overall cost on Forex.com depends on the number of trades and the volume of trades.
- Their mobile app models have combined both processes and execution model to give a one-tier charting model.
- It is the best and top-class trading platform for forex trading.
- It has a unique feature of built-in charts only for high-end brokers.
- It has an in-house mobile platform just to facilitate the process of forex trading.
- If you are not an active trader, then it might be a little expensive for you due to its operating cost.
- There are no check and balance on negative balance, which may sometimes lead to more losses than the value of the account.
- Only the top three best pairs have a leveraged option.
- TD Ameritrade’s thinkorswim Mobile
TD Ameritrade’s is another handy and much-known forex trading app among investors. It is much known with the name of thinkorswim. Its main advantage is that it is very easy to use and one cannot face any problems regarding the operations of its platform. As with the use of this forex trading app, all the latest market news will be in your hand. Which makes it a very attractive feature for those investors who invest a large amount of currency on exchanges.
- With the mobile latest features, it offers all the latest news alerts and direct CNBC mobile streaming related to the market news.
- It is easy to handle and use forex trading app.
- It contains all the features of a great mobile trading app.
- It has one of the best technology which is not available in any othertrading app.
- It provides its best feature in the form of a 1 to 1 interactions between the mobile app and desktop platforms.
- With their special forex division offer once can have access to the spot prices without any spread.
- If you are new to this, you might need some time to learn how to use all the features of the app.
- A minimum deposit of 2,000$ is required, which is quite a high amount.
- Forex Time FXTM
It is essential to make sure that the forex trading app you use is trustworthy and efficient and provides all the real-time information. One of the biggest success factors in investing forex market is the real-time information as with each second, the dynamics of the market changes. It is designed in such a way that both the beginners and experts can easily use it. There will not be any problems with the use of the app software.
- It is a fully automated forex trading app with all the possible solutions.
- Due to its ease to use and fully regulated by an authority.
- Due to its amazing features, it is supported by both an online platform and a desktop.
- Due to its ease to use and full regulations by an authority results in its use worldwide.
- It is one of the safest trading apps to use.
- With only a minimum deposit of 5$, one can use the app.
- It is only a mobile brokerage firm and does not offer any other feature or solutions to the problems.
If you are looking for an app that will give you all the great trading ideas and strategies, then Netdania is what you are looking for. It contains all the real-time information of the stocks, which will prove to be great in your decision-making processof investment.
- It is a great app when it comes to the use of currency trading app.
- With its advanced features, it provides all the market news and information’s in real-time.
- It offers support to many of the stock indices.
- It contains the data from almost 20,000 plus financial instruments.
- One can quickly know when to enter or exit the market through Netdania app.
- It provides a real-time stock indices of many famous companies like S&P 500, Nasdaq 100, TSX, SMI20, and many more.
- You can easily download the app through the play store.
- The only disadvantage of using Netdania is that there is noaccuracy of the data present on its website.
- Oanda – Forex Royalty
The last name in our list of best forex trading app is that of Oanda forex royalty. There is not just a royalty in its name, but it actually offers royal services to its customers. Like they are managing more than a hundred billion of assets.
- There are managingover $100 billion in assets.
- They offer access to retail clients, which is almost an impossible task.
- Oanda forex royalty trading app is very easy to use, and one can safely say that it is quite straightforward.
- It provides one of the best services and that all in very affordable prices.
- It works under strict regulations of government.
- As compared to the other forex trading app, its cost of withdrawal is high.
- It lacks decision-making tools.
There are some of the best forex trading apps, and I am sure that this article will help you a lot in choosing the best king of forex trading app according to your needs and demands.