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Forex trading apps are these days a necessity for forex traders, especially if it’s one of your business income streams. It’s not surprising to see that the demand for these apps has soared in popularity in recent years. Apps make it easy for forex traders to execute trades while on the go, and traders now have access to an ever-growing variety of options when placing trades from their mobile devices. These tools are designed make it simple for forex traders to access real-time data, analyze currencies and place trades anytime, anywhere.
While there are dozens of app types on offer for traders from broker platforms to analysis apps designed to help traders stay on top of what’s happening in the markets, in this article, we have selected 5 of the best apps that we feel no serious forex trader should be without.
What Are The Best Forex Trading Apps?
Forex trading apps for iPhone and Android can be downloaded from their respective app stores and can be used across various mobile devices. As well as iPhone and Android, most apps are now available for a variety of other operating systems including Windows Mobile and Blackberry, making them generally accessible to all forex traders across the globe. Here are our top 5 apps for forex traders.
- MetaTrader 4 (iOS/Android/Windows Mobile)
MetaTrade – forex trading software is developed by MetaQuotes. MetaTrader 4 is in our top 5 list of forex trading apps, as it is one which every forex trader should have, being one of the most fully-featured mobile trading platforms in the industry. Including 30 of the most useful technical indicators, trading history and advanced charting capabilities, as well as the ability to execute a full range of trade orders while on the go, it is no surprise that MetaTrader 4 is the world’s most popular broker forex trading platform. Available free of charge for iPhone and Android, the app brings the full functionality of the MetaTrader 4 web-based platform to a trader’s mobile device. Not only is the app intuitive and easy to use, it links directly into a trader’s Metatrader 4 trading account so they have all they need at their fingertips to trade the financial markets.
- Bloomberg Mobile (iOS/Android/Windows Mobile/BlackBerry/Nokia)
All forex traders are aware that keeping up-to-date with important news, views and headlines from across the world is crucial to their success as a trader. While breaking updates are available on-the-move from a variety of different news sources and apps, for the very latest financial news, Bloomberg’s mobile app offers an unrivalled service. The app offers real-time breaking news and data which is specific to the forex market, including price charts, market trends analysis, stock quotes and portfolio tracking tools amongst others. Bloomberg is the leading and one of the most reliable sources for financial information and the majority of forex traders wishing to catch up on the latest business news and charts rely on this user-friendly app. With the added bonus of being able to watch live Bloomberg TV via a streaming video feed, this app is every serious trader’s ‘must-have’.
- NetDania Forex and Stocks (iOS/Android/BlackBerry)
NetDania Forex and Stocks makes our top 5 list for being one the most highly-rated apps used by forex traders due to its ease of use and adaptability. Traders have access to up-to-date forex interbank FX rates, real-time stocks, live charts, gold and silver rates, 20,000+ instruments and live news from Market News International and FXWirePro. The app provides an unmatchable market overview with a clean design, super-fast response times and integrated localization. It also allows traders to set price or trendline alerts on specific currency pairs, stocks or commodities and to customize the menu according to their personal requirements.
- Trade Interceptor Mobile (iOS/Android/BlackBerry Playbook)
Trade Interceptor is a multiple broker app which allows traders to monitor everything happening in the market. Featuring live quotes from multiple brokers, traders can compare spreads and access real-time chart feeds relating to what is happening in the markets at any given time. The app is similar to MetaTrader 4 in that it allows forex traders to view real-time quotes and place orders, but it also includes its own unique features such as the ability to replay historical market movements and practice trading. Another good thing about this app is that it offers many of the same features as broker-specific mobile trading platforms without being tied to any particular one so traders who have more than one trading account will find it an ideal solution for managing them when they are on the go without the need to switch between apps.
- FXCM Trading Station Mobile (iOS/Android)
FXCM Trading Station Mobile is considered one of the most fully-featured trading apps, offering users powerful trading tools and easy access to the forex markets. It provides access to live executable exchange rates for more than 56 currency pairs, the ability for traders to monitor their account balance, equity and margin in real-time and a comprehensive range of basic and advanced trade orders. Traders also have the ability to zoom in or out of the charts, allowing them to quickly identify trends while the whole interface is designed to be easy-to-use on small touchscreens. A free in-app demo is offered to new users who wish try the platform risk-free before signing up and is well worth taking advantage of.
The Financial Markets In The Palm Of Your Hand
Forex trading has never been easier thanks to the advent of the internet and the subsequent development of mobile apps that have made it possible to access the foreign exchange markets anytime and anywhere from the palm of your hand. Successful forex traders are always one step ahead of the game and this has been made increasingly possible with the growing number of specialized forex apps launched into the market.
Whether you want to make a trade, check on currency rates or find out the latest market news or economic releases, our top 5 list of apps for forex traders should set you on the fast-track to achieving your financial objectives.
