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Best Forex Trading Apps of 2024

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck
Reviewed by Blain Reinkensmeyer

March 19, 2024

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Almost everyone on the planet has a smartphone, but not all mobile apps offer the same forex trading capabilities. This trading guide covers which brokers offer the best forex trading apps in 2024.

Competition remains fierce among mobile trading apps, and our research team has tested and scored the forex trading apps of 60+ different brokers. To rank each mobile trading platform, we assessed over a dozen individual variables, and all testing was conducted using Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


Company Average Spread EUR/USD - Standard Minimum Deposit Overall Rating Visit Site
IG logoIG 0.98 info £250.00 5/5 Stars
Saxo logoSaxo 1.1 info $0 5/5 Stars
CMC Markets logoCMC Markets 0.61 info $0 5/5 Stars
Charles Schwab logoCharles Schwab 1.25 info $0 5/5 Stars
Interactive Brokers logoInteractive Brokers 0.63 info $0 5/5 Stars Visit Site
FOREX.com logoFOREX.com 1.4 info $100 5/5 Stars Visit Site
City Index logoCity Index 1.4 info £100.00 5/5 Stars

Best Forex Trading Apps

Based on 13 different variables, here are the brokers that offer the best forex trading apps.

  • IG - IG Trading app, MetaTrader mobile
  • Saxo - SaxoTraderGO mobile app, MetaTrader mobile
  • CMC Markets - Next Generation mobile, MetaTrader mobile
  • Charles Schwab - thinkorswim app
  • Interactive Brokers
    - IMPACT app, IBKR mobile app
  • FOREX.com
    - FOREX.com mobile, MetaTrader mobile
  • City Index - City Index mobile, MetaTrader mobile
IG
5/5 Stars 5.0 Overall

IG Trading app, MetaTrader mobile

Minimum Deposit£250.00
Trust Score99
Tradeable Symbols (Total)19537

IG offers an impressive suite of proprietary mobile apps, led by its flagship IG Trading app (also known as IG Forex), which boasts a well-designed layout teeming with features such as alerts, sentiment readings, and highly advanced charts. Read full review

Pros
  • Outstanding platforms and tools
  • Over 19,000 tradeable instruments
  • Competitive pricing
Cons
  • No predefined layouts on the flagship web platform
  • Limited product range on MT4
Saxo
5/5 Stars 5.0 Overall

SaxoTraderGO mobile app, MetaTrader mobile

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)70000

Saxo's SaxoTraderGO mobile app boasts an impressive, intelligent design, coupled with an abundance of useful information that makes it easy for traders to make clear-headed decisions when assessing markets and managing trading positions. Read full review

Pros
  • Flagship platform is top of the line
  • Over 40,000 tradeable instruments
  • Excellent customer service
Cons
  • High minimum deposit
CMC Markets
5/5 Stars 5.0 Overall

Next Generation mobile, MetaTrader mobile

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)11925

CMC Markets' mobile app is cleanly designed and comes packed with research tools, powerful charts, predefined watchlists, integrated news and educational content, and much more. Bottom line: CMC Markets delivers a terrific mobile app experience. Read full review

Pros
  • Low trading costs
  • Excellent web and mobile platforms
  • Robust research materials
Cons
  • Educational offering could be improved
Charles Schwab
5/5 Stars 5.0 Overall

thinkorswim app

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)40000

Schwab’s thinkorswim mobile app comes packed with powerful tools nested in an intelligent layout that puts the user in control. There are complex order types for forex trading, over 70 tradeable currency pairs, and advanced charting. Read full review

Pros
  • Outstanding platform in thinkorswim
  • Thorough research offerings
  • Excellent educational materials
Cons
  • Does not offer copy trading
  • Forex pricing is slightly higher than industry average
Interactive Brokers
5/5 Stars 5.0 Overall

IMPACT app, IBKR mobile app

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)8500

Interactive Brokers’ innovative IMPACT app is a great choice for stocks and crypto, and its highly rated IBRK mobile app is excellent for trading forex and CFDs. The IBKR app is rich with features, many of which mirror what’s available on the web platform. Read full review

Pros
  • Robust platform for professional traders
  • Wide range of global markets
  • Thorough research offering
Cons
  • Trader Workstation platform is likely too complicated for inexperienced traders
Visit Site

Quotes as tight as 1/10 of a pip

(66% of retail CFD accounts lose money.)

FOREX.com
5/5 Stars 5.0 Overall

FOREX.com mobile, MetaTrader mobile

Minimum Deposit$100
Trust Score99
Tradeable Symbols (Total)5500

FOREX.com’s proprietary mobile app offers a fluid user interface and a minimalist design that makes trading and managing positions a breeze, and features a host of powerful tools and useful market research. Read full review

Pros
  • Multiple high-quality platforms
  • Excellent market research
  • Wide range of markets
Cons
  • Only about 600 instruments are available on the MT5 platform, compared to over 4,500 on non-MetaTrader platforms
Visit Site

A Global Market Leader!

(73%-77% of retail CFD accounts lose money.)

City Index
5/5 Stars 5.0 Overall

City Index mobile, MetaTrader mobile

Minimum Deposit£100.00
Trust Score99
Tradeable Symbols (Total)13500

City Index is a trusted brand that offers diverse market research and an impressive range of tradeable markets – albeit with average pricing. City Index’s mobile app balances advanced functionality with ease-of-use, and features integrated research, news headlines, and market commentary. Read full review

Pros
  • Excellent platforms and mobile app
  • Extensive range of markets
  • High-quality market research
Cons
  • Pricing is average for the industry
  • Limited product range on MT4

Winners Summary

#1 Mobile App - IG's IG Trading app

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Mobile Charting - Indicators / Studies Visit Site
IG logoIG 5/5 Stars £250.00 0.98 info 33

I've been reviewing IG for over six years, and I continue to be impressed by IG's powerful suite of mobile applications for everyday forex traders. IG’s flagship mobile forex trading app, IG Trading, won our 2024 Annual Award for #1 Mobile App. I find the IG Trading app to be easy to use and jam-packed with powerful features and intuitive trading tools.

IG Trading’s intuitive layout makes it a breeze to navigate between features such as alerts, sentiment readings, trading signals, and highly advanced charts. The app delivers dozens of technical indicators and five distinct chart types. Setting up charts is easy, and zooming in and out across time frames feels quick and precise. IG provides my favorite mobile charts in the industry and IG Trading is a great choice for charting enthusiasts who want to conduct market analysis on the go.

IG also offers the popular MetaTrader 4 (MT4) app for traders who prefer the MetaTrader experience. Traders at IG also gain access to IG Academy, the broker’s standalone educational app. IG Academy features eight interactive courses organized by experience level, each containing nearly a dozen chapters. Read my full review of IG to learn more about why I’ve rated IG so highly for so many years.

Best cross-platform experience - Saxo's SaxoTraderGO app

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Mobile Charting - Indicators / Studies Visit Site
Saxo logoSaxo 5/5 Stars $0 1.1 info 64

Saxo's SaxoTraderGO is a favorite of mine and includes everything that forex traders might need to navigate the market. One of the strengths of Saxo’s mobile platform that continues to impress me is how closely the mobile app mirrors the performance of the broker’s web-based platform. Nearly all features found in the web version of the platform are available in the SaxoTraderGO mobile app. Saxo has done a great job unifying the excellent SaxoTraderGO platform experience across devices.

SaxoTraderGO delivers rich charting capabilities and – touching on a theme here – closely matches the experience of the platform’s web-based charts. Charts in the SaxoTraderGO mobile app sync with the browser-based version of the platform. For example, if you draw trend lines and add indicators in the web version, they will appear in the mobile app (and vice versa). The web platform’s economic calendar, educational videos, market news from top-tier sources such as Dow Jones Newswire, and pattern recognition analysis from Autochartist are all accessible on the mobile app.

Saxo was Best in Class in our Mobile Trading Apps category for our 2024 Annual Awards and is a true leader in this category. Read my full review of Saxo to learn more.

Best app for low-cost trading - CMC Markets' Next Generation app

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Mobile Charting - Indicators / Studies Visit Site
CMC Markets logoCMC Markets 5/5 Stars $0 0.61 info 29

CMC Markets' cleanly designed Next Generation mobile app comes packed with research tools, integrated educational content, powerful charts, predefined watchlists, and more. Much like Saxo’s fantastic SaxoTraderGO platform suite, the look and feel of the CMC Markets mobile app closely resembles the web-based version of the Next Generation platform.

I’ve been testing CMC Markets’ platforms since 2017, and it’s clear to me that CMC Markets has invested time and resources in the mobile app’s development. The broker has managed to organize quite a bit of information with limited screen space. For example, charting on the mobile version of the Next Generation platform is just as impressive as the web version. Though fewer technical indicators are available on mobile, the app delivers a powerful charting experience.

Other notable features include research content developed by CMC Markets’ in-house staff, such as the Intraday Update, Morning Call, and Evening Call. I’m also impressed by the app’s predefined watchlists, which I’ve found can be great ways to identify trading opportunities. Overall, CMC Markets simply delivers an excellent mobile trading experience. Read my full review of CMC Markets to learn more.

Best forex trading apps comparison

Using our forex brokers comparison tool, here's a summary of the features offered by the best forex trading apps.

Feature IG logoIG Saxo logoSaxo CMC Markets logoCMC Markets City Index logoCity Index TD Ameritrade logoTD Ameritrade
Android App info Yes info Yes Yes Yes Yes
Apple iOS App info Yes Yes Yes Yes Yes
Mobile Alerts - Basic Fields info Yes Yes Yes Yes Yes
Watchlists - Total Fields info 5 60 11 11 564
Watchlist Syncing info Yes Yes Yes Yes Yes
Charting - Indicators / Studies (Total) info 33 64 79 88 360
Charting - Drawing Tools (Total) info 20 20 40 239 23
Mobile Charting - Draw Trendlines info Yes Yes Yes Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes Yes Yes Yes
Economic Calendar info Yes Yes Yes Yes Yes

Comparison Tool: Compare 50+ features side-by-side

How to compare the best forex trading apps

When choosing a new forex broker account for online trading, consider these five areas of the trading experience:

  1. Trust (regulatory status): You want a broker that you can trust, above all else. Your broker will preferably be regulated in multiple top-tier jurisdictions, such as the U.S., U.K., Australia, Singapore, Canada, Hong Kong, Japan, or Switzerland. At ForexBrokers.com, we track over 250 regulatory licenses for 60+ forex brokers; learn more by checking out our Trust Score page.
  2. Trading platforms: Our research finds that most proprietary platforms are superior to third-party software like MetaTrader. Either way, be sure to select the trading platform that meets your needs across devices, whether that's on the web, your desktop, or with a mobile trading app.
  3. Trading tools: When I evaluate the research content, trading tools, and educational materials available from brokers, I expect them to be rich with features and easy to use. The more comprehensive each category is within the mobile app you choose, the better off you will be in maximizing trading opportunities.
  4. Tradeable markets: Consider the total available markets and the number of instruments that are available for you to trade at a given broker. For example, one broker may offer a small selection of currency pairs but a vast array of CFDs on other markets like stocks, commodities, ETFs, futures, cryptocurrency, and other asset classes. Conversely, maybe you want to trade some exotic currencies and want a broker with a larger selection of forex pairs.
  5. Demo accounts: Opening a free demo account allows you to learn the ins and outs of a trading app, like test-driving a car before you buy it. You get to use the virtual account across all supported devices, such as web, desktop, and mobile. If the platform meets your needs, then you can fund a live account. Some traders also use demo accounts to test various trading strategies before trying them out with real funds.

Can you trade forex on your phone?

Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install forex trading apps on your phone. After opening the app, you can log in to your forex account and begin trading from your phone. If you are interested in trading CFDs, there is a range of great mobile options available from some of the top brokers in the industry. Check out our guide to the Best CFD Brokers and Trading Platforms to learn more about CFDs (and to check out our picks for the best CFD brokers).

Does forex have an official app?

No, there is no official app or website because the foreign exchange (forex) market is decentralized — that is, there is no single location or site for the market. The forex market consists of central banks and financial institutions such as brokers, dealers, banks, and corporations. Read more on Wikipedia.

Many trustworthy forex brokers do offer mobile apps for trading. There is a wide selection available, including apps that are developed by brokers in-house, as well as apps from third-party developers. To avoid forex scams, you should only use regulated banks and brokers that are properly licensed to offer forex trading services in your country of residence. For example, if you live in the U.K., check the Financial Conduct Authority (FCA) to verify a broker is regulated.

Note: If you're looking specifically for the broker FOREX.com, it offers both a proprietary app, called FOREX.com mobile, and the popular MetaTrader 4 (MT4) app. Read our full-length review of FOREX.com, or check out our MetaTrader guide.

What is the best forex trading app?

Saxo is our top pick for the best overall forex trading app experience. Saxo’s SaxoTraderGO app is intelligently designed and fits into a unified platform experience across devices by closely mirroring its highly-rated web platform counterpart. Read more about Saxo’s mobile suite in our full-length Saxo review.

Check out a gallery of screenshots from Saxo's SaxoTraderGO app, taken by our research team during our product testing.

Our testing found that IG offers the best smartphone app — IG Trading — for forex trading in 2024. IG is regulated globally, and its IG Trading app provides access to a variety of quality trading tools alongside multiple news sources for researching trading opportunities. Charting on the IG Trading app is also rich with features. Check out our full-length review of IG to learn more about IG’s suite of mobile apps.

This gallery of screenshots was taken by our research team while testing IG's highly-rated mobile trading app.

What's the best forex trading app for beginners?

The IG Trading app is an excellent choice for beginners, due to its range of tools, integrated content, and the ability to access educational material from IG Academy and DailyFx (it even has a standalone mobile app for education). IG is a leader in education, making its IG Trading mobile app the best forex trading app for beginners in 2024.

As an alternative, Plus500's easy-to-navigate app provides the essentials for trading, and makes viewing available markets a breeze. That said, just because an app is easy to use doesn't mean it is easy to make money. It's worth noting that forex trading is only available at Plus500 via CFDs.

schoolForex trading for beginners

New to trading forex? Check out our guide to trading forex for beginners here. We'll help you pick a forex broker that's great for beginners, and go over some of the forex fundamentals to help jumpstart your forex education.

Does MetaTrader have an app?

The MetaTrader platform suite — available for mobile — is developed by MetaQuotes Software Corporation and is the most widely used app for trading CFDs, forex, shares, and other asset classes.

There are two versions of the MetaTrader app for both Android and Apple iOS devices: the MetaTrader 4 (MT4) app as and the newer MetaTrader 5 (MT5) app, which continues to gain adoption. I've written a guide that details the differences between these two trading platforms: check out my MT4 vs MT5 guide. You can also learn more about MetaTrader 5 (and find a great forex broker that offers MT5) by checking out my full MetaTrader 5 guide.

Take a quick look at the MetaTrader 5 Mobile Trading app interface with our video walkthrough:



While MT4 and MT5 are incredibly popular due to their wide availability, many of the best mobile apps are developed in-house by some of the best online brokers, such as Saxo and IG.

Can I teach myself forex trading?

Yes, and you shouldn't pay for any courses as there is plenty of high-quality free education available directly from most online brokers, as well as third-party websites (check out my guide to the best free forex trading courses). However, forex trading is not easy — the majority of traders lose money.

To be successful in trading forex, you must learn how to manage risk properly, depending on your goals and the strategy you choose to follow or develop. First, open a free demo account and trade using fake money to learn how the trading platform software works.

schoolLearn more about forex trading

Learn more about the forex fundamentals by checking out my detailed Forex 101 educational series covering everything you’ll need to know about forex and currency trading. I dive into the ins and outs of leverage, explain how pips work, and more.

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Methodology

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

  • For Apple, we use MacBook Pro laptops running macOS 12.5, and the iPhone XS running iOS 15.
  • For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

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