8 Best Forex Trading Apps for 2024

Plus500 is a groundbreaking CFD broker founded in 2008. I found it a pleasure to trade the markets when testing its cutting-edge WebTrader platform and mobile app. Plus500 is available in over 50 countries and has 400,000 active clients. Listed on the London Stock Exchange (LSE: PLUS), it is one of a handful of publicly traded CFD brokers. I confirmed that Plus500 is a multi-regulated broker, including CySEC and ASIC, and it earned a high overall trust rating in my review.

Plus500 App Features:

• Operating System: Android, iOS, and Windows
• Available Tools: Watchlists, Advanced Charts, Alerts, News, Analysis, Economic Calendar, Demo Account, Live Chat
• Additional Security: Two-Factor Authentication
• Available Languages: 29

With a clean, uncluttered interface, Plus500 mobile app is beginner-friendly (*with an unlimited demo account where beginners need to start their trading experience with Plus500) but also boasts many cutting-edge features. Users can follow popular watchlists of instruments, a particular asset class, risers/fallers, or create their own list of assets to track. Charting on the app is robust and provides an above-average selection of chart types, time frames, indicators, and drawing tools.

The Plus500 economic calendar shows all the key information about upcoming releases, such as the expected market impact, analyst expectations, and figures from previous releases. Traders testing out strategies can easily switch between a demo account and live trading within the app. Alerts sent via email, SMS, or push notification can notify users when an asset reaches a set price level.

The +Insights analytical tool built into the app leverages the Plus500 user base of millions and provides powerful data that can be integrated into trading strategies. The tool provides information on what other traders at Plus500 are buying and selling and reveals community trends. Traders can generate ideas from lists of key data like most traded instruments, most profit-making positions, and most loss-making positions.

Founded in 2005, SquaredFinancial is a multi-asset online CFD broker based in Seychelles. Clients can access 2,000+ markets, including CFDs on forex pairs, indices, commodities, ETFs, stocks, and cryptocurrencies. I rated the range of assets as better than average with the availability of assets like CFDs on futures. The SquaredElite account offers raw spreads starting from 0.0 pips, helping active traders keep their costs low.

SquaredFinancial App Features:

• Operating System: Android and iOS
• Available Tools: Watchlists, Advanced Charts, Demo account, 1-Click Trading, Trading from the Chart, Funding/Withdrawal
• Available Languages: 8

The SquaredFinancial App has a clean, easy-to-navigate interface. Traders can create personalized watchlists and conveniently browse lists broken down by asset class, such as energies or crypto. Forex and crypto pairs can be filtered by currency and stocks by groups.

Classic features like 1-click trading and trading from the chart are available. The order ticket has stop loss and take profit features built in, allowing traders to enter all three orders simultaneously. With the stop loss and profit target in place, a trader is freed from having to babysit the position.

I noted that traders can also elect for orders to be executed immediately or not at all – a useful feature for fast-moving markets where there is likely to be slippage. The orders panel of the app enables traders to view their open positions and orders at a glance. Direct deposits and withdrawals can be made on the move via the Wallet section of the app.

Founded in 2011, OCTA is a multi-asset CFD broker headquartered in St. Vincent and the Grenadines. It also has a European entity regulated by CySEC. OCTA’s clients can access 230 CFDs on forex, commodities, shares, indices, and crypto. The broker also offers an advanced copy trading platform that clients can access via web or mobile. In my hands-on tests, I was impressed by the overall high design quality of OCTA software.

OCTA Trading App Features:

• Operating System: Android and iOS
• Available Tools: Watchlists, Advanced Charts, 1-Click Trading, Alerts, News and Analysis, Economic Calendar, Demo account, Live Chat, Funding/Withdrawal
• Additional Security: Two-factor authentication
• Available Languages: 11

The OCTA Trading App enables traders to manage their personal profiles, account funding, and access real, demo, and contest accounts on the go. From within the OCTA Trading App, clients can elect to trade either via the in-house OctaTrader platform or MetaTrader 4.

OCTA Copytrading is a separate social trading app that enables users to follow experienced traders and automatically copy their trades. Clients can browse the stats of Master Traders, including risk score, gain, profit/loss, number of copiers, commission, and trade history. When subscribing to a Master Trader, clients specify the copying proportion and decide whether to add funds. Traders can diversify their investments by subscribing to unlimited Master Traders simultaneously.

OCTA does not charge any fees for copy trading – clients only pay the Master Trader’s predetermined commission. Clients can unsubscribe from the Master Trader and stop copying the orders anytime.

JustMarkets is a multi-asset online CFD broker with over a decade of experience. The Limassol, Cyprus-based broker offers CFDs on forex, commodities, indices, shares, and cryptocurrencies to clients across 180 countries. I verified that JustMarkets’ entities are authorized by various regulators, including top-tier CySEC.

JustMarkets App Features:

• Operating System: Android and iOS
• Available Tools: Watchlists, 1-Click Trading, Financial News Feed, Alerts and Push Notifications
• Depth of Market (Level 2 Order Book)
• Integrations: Advanced Charting with 9 timeframes, 30 technical indicators (MT5)
• Additional Security: Two-factor authentication

JustMarkets offers the full suite of MetaTrader 4 and MetaTrader 5 platforms, which include advanced order types, robust charting, and automated trading via Expert Advisors. I noted that VPS hosting is also available – allowing traders to run their strategies 24/7 without risk of downtime. Trading, hedging, and scalping strategies are all permitted.

With ultra-fast order execution – from 0.01 seconds – JustMarkets provides its clients a significant edge in trading. Low floating spreads are available for all types of accounts, and clients can access spreads starting at 0.0 pips with Raw Spread accounts. Our live tests recorded spreads as low as 0.7 pips in EUR/USD when using a Pro Account. Customer support is another area of strength at JustMarkets, with 24/7 assistance available through multilingual agents.

AvaTrade was founded in 2006, making it an early mover in the forex and CFD industry. The Dublin-based broker has grown tremendously since then and now provides services to 400,000 traders globally. I verified that AvaTrade is regulated by top-tier ASIC and CySEC, helping it to earn a high score in our trust category.

AvaTradeGO App Features:

• Operating System: Android and iOS
• Available Tools: Watchlists, Advanced Charts, 1-Click Trading, Alerts, News and Analysis, Economic Calendar, Demo account, Live Chat, Funding/Withdrawal
• Integrations: Research from Trading Central
• Additional Security: Passcode

The award-winning AvaTradeGO lets traders easily track market positions, create unique watch lists, and view live quotes and charts. I noted the outstanding design quality and useability of the app. AvaTrade provides access to over 1,000 instruments via its app, including CFDs on forex, commodities, shares, ETFs, bonds, and cryptocurrencies.

The trends feature, which includes most bought, sold, rising, and falling assets, is a valuable source of trading ideas. Signals via respected third-party research provider Trading Central are also available for live account holders in the app.

AvaProtect™ is a unique risk management feature available within the app. In exchange for a low hedging cost, it allows clients to protect a specific trade against losses of up to one million dollars over a chosen time frame. This insurance can provide peace of mind for traders active in highly volatile markets such as gold or natural gas.

eToro has grown to be one of the largest and most creative players in the world of CFD trading. The company was founded in 2007, and its platform now accommodates a community of over 30 million registered users from more than 140 countries. Since 2010, eToro has placed a growing focus on social trading, and clients can automatically copy the moves of experienced investors in real time via the mobile app.

eToro App Features:

• Operating System: Android and iOS
• Available Tools: Watchlists, Advanced Charts, 1-Click Trading, Alerts, News and Analysis, Economic Calendar, Demo account, Live Chat
• Additional Security: Two-Factor Authentication, Biometric Authentication
• Available Languages: 19

eToro traders can access 3,000+ instruments while on the move, including CFDs on currency pairs, commodities, indices, shares, and cryptocurrencies. The CopyTrader feature enables users to replicate other traders’ actions in real time. Another exciting innovation I discovered during my review is Smart Portfolios. It is ready-made thematic investments like DeFi, Gaming Industry, or Luxury Brands that can be bought or sold with a single click.

Watchlists allow users to track their favorite instruments in an easy-to-reference list. The app’s 1-click trading and trading from the chart features enable speedy entry of orders. Advanced order types like trailing stops are also available. Traders closely tracking a specific asset can receive push notifications when it reaches a set price or moves by a fixed percentage.

The Portfolio section of the app shows users their investments, profits and losses, and market value at a glance. Once logged in, clients can easily switch between demo and live trading. While this app is well-designed and user-friendly, it also has advanced, innovative functionality.

tastyfx is a new brand name of IG US that provides Americans access to the global forex market with leverage and tight spreads. The company is a part of IG Group, which is listed on the London Stock Exchange (LSE: IGG) and is a member of the FTSE 250.  tastyfx’s clients can trade an industry-leading range of forex instruments, including major, minor, Australasian, Scandinavian, exotic, and emerging market currency pairs.

tastyfx App Features:

• Operating System: Android and iOS
• Available Tools: Watchlists, Advanced Order Types, Alerts, Trading from the Chart, Client Sentiment, Reuters News Feed
• Integrations: Trade Signals from Autochartist
• Additional Security: Two-factor authentication

My hands-on tests showed that tastyfx offers highly competitive trading-related fees. Spreads in major pairs are among the tightest in the industry; for example, I experienced average spreads of just 0.8 pips in USD/JPY and 1 pip in GBP/USD. My assessment also indicated that swap fees are better than average. High-volume traders designated as Premium clients can earn substantial cash rebates, further lowering costs.

tastyfx offers an award-winning proprietary platform alongside a mobile app. The platform is highly customizable, allowing you to tile charts, watchlists, and news to stay on top of multiple markets and data points at a glance. Features like 1-click trading and trading from the chart enabled me to be nimble in volatile markets and enter orders fast. In my experience, trader sentiment gives you powerful insight into the psychology of a market, so I found this built-in tool especially helpful.

Live account holders can also access MetaTrader 4 and ProRealTime platforms, which offer advanced capabilities like automated trading. With its low costs and cutting-edge technology, I rate tastyfx as a strong choice for US traders looking to try out the forex market.

Established in 2008, Plus500 has made a name for itself as a leading global broker, being listed on the London Stock Exchange. In 2022, it expanded its offerings to American traders with the launch of its Futures Trading App. With an extensive range of futures markets, the app comes with the promise of competitive commissions and no platform fees.

Plus500 US App Features:

• Operating System: Android, iOS, and Windows
• Available Tools: Watchlists, Advanced Charts, Alerts, News, Analysis, Economic Calendar, Demo Account, Live Chat
• Additional Security: Two-Factor Authentication

The app is celebrated for its user-friendly design, catering to both beginners and experienced traders. It supports a variety of watchlists and offers sophisticated charting tools, alerts, and more, allowing for a tailored trading experience.

With a focus on providing a rich selection of contracts in markets such as forex, crypto, metals, and more, the Plus500 Futures Trading App distinguishes itself with zero platform or routing fees and complimentary market data, accessible via both mobile and web platforms.