A forex trading mobile app is a smartphone application that provides traders access to the foreign exchange market. The six best forex trading mobile apps in the UK are MetaTrader 4, cTrader, Trade Interceptor, FXCM Trading Station Mobile, Ayondo Markets, and eToro.
These apps allow traders to trade on the go, which is essential for those who want to take advantage of opportunities that arise outside of regular trading hours. They have access to live quotes, charts, analysis and news, and most other features available on the desktop version. The apps also require traders to be registered with a broker from that site to use the app. Once traders have downloaded the app, they must log in with their account credentials.
MetaTrader 4 is the most popular forex trading mobile app in the UK. It is a free app with numerous features, including live quotes and charts, analysis, push notifications and more. Traders can also access their account on MetaTrader 4 from any computer or mobile device by logging in with their credentials.
cTrader is another popular forex trading mobile app that is available for free. It offers many of the same features as MetaTrader 4 but has some unique features, such as an advanced charting package and the ability to trade directly from the chart.
Trade Interceptor is a paid forex trading mobile app that allows traders access live quotes, charts and analysis. It also offers the ability to trade directly from the charts and has a built-in news feed.
FXCM Trading Station Mobile is a paid forex trading mobile app available for iPhone, iPad and Android devices. It offers live quotes, charts, news and analysis. Traders can also access their accounts on the FXCM Trading Station desktop platform.
Ayondo Markets is a social trading platform that also offers a mobile app. The Ayondo Markets app allows traders to follow others and copy their trades. The app is free but requires a minimum deposit to start trading.
eToro is another social trading platform that offers a mobile app. The eToro app allows traders to trade forex, stocks, commodities and indices. It also provides access to live quotes, charts and analysis. The app is free but requires a minimum deposit to start trading.
What to consider before choosing a forex trading app
The features that are important to you
When choosing a forex trading mobile app, you should consider the features that are important to you. Do you need access to live quotes and charts? Do you need advanced charting tools? Do you need the ability to trade directly from the charts? Make sure the app you choose has the features you need.
The broker you are using
Another factor to consider is the broker you are using. Some brokers offer their mobile apps while others do not. If your broker does not offer a mobile app, you may be able to find an app that will work with your broker’s platform.
The cost of the app
Forex trading mobile apps can be free or paid. Some apps are free but require a minimum deposit to start trading. Others are available for a monthly fee. Choose the app that best fits your budget.
MetaTrader 4, cTrader, Trade Interceptor and FXCM Trading Station Mobile are all paid forex trading mobile apps. Ayondo Markets and eToro are social trading platforms that offer mobile apps for free but require a minimum deposit to start trading.
Advantages of using a mobile app for trading forex
Access to your account from anywhere
One of the main advantages of using a mobile app for forex trading is that you can access your account from anywhere. All you need is an Internet connection, meaning you can trade forex online.
Stay up-to-date with market conditions
Another advantage of using a mobile app for forex trading is staying up-to-date with market conditions. The apps offer live quotes, charts and news, which allows you to make informed trading decisions.
Some apps offer unique features
Some forex trading mobile apps offer unique features that can be helpful for traders. For example, MetaTrader 4 offers push notifications, cTrader has an advanced charting package and Trade Interceptor provides access to live quotes and charts.