Best Mobile Forex Trading Brokers 2022

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If you do not want to sit in front of a computer all day – and who does? – you are going to need a broker with a good mobile device trading app. We have researched hundreds of Forex brokers to identify the best mobile Forex trading offers open to you and present our list of top choices below.

1
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Marketsi strategy builder helps traders trade smarter
Competitive trade execution with low slippage
2
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best all around broker
High floating leverage + fast execution
68% of retail CFD accounts lose money
3
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Best social trading platform on the market
Excellent choice of options for crypto traders
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68% of retail CFD accounts lose money
4
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
No dealing desk execution + wide range of trading apps

Markets.com, Excellent educational offerings.
FXTM, Best all-around: high floating leverage + fast execution.
eToro, Best broker for social traders and crypto traders : 68% of retail CFD accounts lose money.
AvaTrade, Highly regulated, choice of fixed or floating spreads.
FXCM, No dealing desk execution + wide range of trading apps.

Markets.com

5.0/5 in this category
In Summary
Excellent educational offerings

Markets.com was founded in 2008 and has since become one of the most trusted CDF and Forex brokers in the world. This regulated broker is currently operating five different jurisdictions including the BVI FSC, the FCA in the UK, CySEC in Europe, ASIC in Australia, and the FSCA in South Africa. Thanks to a recent change in pricing, Markets.com now offers competitive trading fees and favourable rates compared to the industry average. Markets.com is owned by a publicly quoted company known as Playtech. This should reassure players even more in terms of security and public companies are extremely transparent and strictly regulated.

Pros

  • Competitive commission-free Forex fees from 0.6 pips

  • Well-balanced choice of trading instruments with 2,200+ CFD Assets

  • Competitive proprietary trading platform alongside MT4/MT5

  • Excellent Customer Support

Cons

  • Commodities and indices fees higher than Forex costs

FXTM

5.0/5 in this category
In Summary
Best all-around: high floating leverage + fast execution

Established in 2011, FXTM, also known as Forex Time (FXTM), is a leading forex and CFD brokerage. This firm is a true international concern, and operates from three main bases: Mauritius, Cypress, and the United Kingdom. FXTM is regulated in the United Kingdom through the Financial Conduct Authority (FCA), as well as through the Cyprus Securities and Exchange Commission (CySEC). Additional regulation includes the Financial Services Commission (FSC) of the Republic of Mauritius, and the Financial Sector Conduct Authority (FSCA) of South Africa. FXTM allows tapping into a variety of forex pairs and crosses (including some exotics), gold, silver, natural gas and crude oil, as well as various cryptocurrencies, CFDs on major American stocks, and major equity indices via MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms based on your specific location.

Pros

  • Excellent commission-based Forex pricing environment and transparency

  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app

  • Quality market research and educational content for beginner traders

  • Proprietary copy trading platform, low minimum deposit, and high leverage

Cons

  • Limited choice of cryptocurrencies and commodities

eToro

5.0/5 in this category
In Summary
Best broker for social traders and crypto traders : 68% of retail CFD accounts lose money

EToro is one of the top social and cryptocurrency trading apps in the world. EToro was founded in 2007 with the idea to make trading available to everybody regardless of whom or where they were. This idea grew into what we know today as eToro. This excellent system is regulated and licensed in the UK, Cyprus, Australia, and the Seychelles. With an impressive trading library of 93 cryptos, 49 currencies, 31 commodities, and many other options, it is no surprise that over 17 million traders enjoy eToro. One of the best features of eToro is definitely their educational offering that is the perfect starting point for beginner traders.

Pros

  • Active investment community ideal for social trading

  • Dedicated tools for social trading

  • Broad cryptocurrency selection

  • Expanding educational offering for beginner traders

Cons

  • Internal withdrawal fees

  • Low retail leverage and higher minimum deposits, but within a reasonable range

 

AvaTrade

5.0/5 in this category
In Summary
Highly regulated, choice of fixed or floating spreads

AvaTrade is a very well-known trading app that is trusted in many countries around the world. This Irish-based was birthed from its educational partner, SharpTrader. AvaTrade is licensed and regulated in several countries around the world including Ireland, the British Virgin Islands, Australia, South Africa, Japan, Israel, and the United Emirates. AvaTrade offers its clients a large variety of trading options in way of currencies, CFDs, and commodities, in addition to several more options. This widely trusted Forex trading app will allow you to trade with over 55 different currencies from anywhere in the world while knowing that you don’t need to worry too much about Cybersecurity.

Pros

  • High-quality educational offering via SharpTrader

  • Excellent choice of trading platforms catering to various trading needs

  • Broad asset selection and cross-asset diversification opportunities

  • Well-regulated and trusted broker with oversight from a central bank

Cons

  • Trading costs competitive but nothing special

FXCM

4.5/5 in this category
In Summary
No dealing desk execution + wide range of trading apps

FXCM has been on the scene since 1991. This trading app has become the second most popular trading app in Japan and looking at the regulatory bodies overseeing this brokerage, we can see that it is licensed and regulated in the UK, Australia, and Cyprus as well. FXCM is fully compliant and has an excellent track record for being a trusted brokerage. With four different trading platforms, FXCM has secured itself a place among the best trading apps in the world. The company has undergone some rebranding and is currently owned by the Jefferies Financial Group which has been identified as a Fortune 500 company.

Pros

  • Superior trading platform selection for dedicated automated trading solutions

  • A five-tier volume-based compensation program plus superb trade execution

  • Low minimum deposit, high leverage, and VPS hosting

  • Excellent education and research via FXCM Plus and superior trading tool Capitalise AI

Cons

  • Above-average cost structure in the commission-free account

  • Limited asset selection

Forex Trading on Mobile

With thousands of new traders opening accounts and joining the continuously popular fields of Forex and cryptocurrency trading, mobile Forex trading is experiencing a significant growth rate. Some Forex brokers report more than 40% of all executed trades from mobile devices, consisting of phones and tablets. Forex trading on iPhone and Android devices, the operating systems of Apple and Google powering most mobile phones, remains favored among millennial traders and traders from emerging and frontier markets. Microsoft devices account for the bulk of tablets, with Apple and Google increasing their market share. Millennial traders tend to use mobile devices for most of their online activities and seeks uncomplicated operations, preferably by pressing a few buttons. The latter group often lacks the finances to acquire multiple devices and opts for the one that grants the most benefits for most tasks. Therefore, high-powered mobile phones and tablets remain the primary choice over more expensive desktops and laptops.

Best Mobile Forex Trading App

All Forex brokers offering the MT4, the MT5, and the cTrader trading platforms provide them as mobile apps to satisfy demand. All three present an acceptable choice and feature most functions available in the desktop or web-based versions. Brokers who seek a leadership position in mobile Forex trading invest heavily in the research and development of proprietary mobile trading platforms. It results in notably better mobile trading platforms, and traders who wish to rely on mobile devices for trading should consider Forex brokers who grant them an edge with in-house developed trading software.

Before traders jump into mobile Forex trading, it is crucial to distinguish between mobile phones and tablets. While both have the computing power to run trading platforms, the former is unsuitable for analyzing financial markets, despite the available tools. The small screen size represents the most significant drawback and is why most profitable traders do not use mobile apps to monitor portfolios while on the go. Mobile phones provide copy traders and social traders with enough to engage in either activity, which is also among the highest growing sectors among millennials. It goes hand in hand with mobile Forex trading. Tablets with adequate screen sizes and support for keyboards are the best solution for traders seeking high mobility with complete functionality.

There is a space for mobile Forex trading, especially for traders who understand the benefits and the disadvantages of mobile devices. Mobile devices are ideal for traders who conduct their analysis on a suitable device and use mobile apps to monitor portfolios while on the go. The mobile app syncs with the desktop version, allowing for an uninterrupted trading experience. They also serve copy traders and social traders well. The best mobile Forex trading platform also includes educational content for beginner traders.

Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.