CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
AvaTrade are regulated by the Central Bank of Ireland and authorised throughout the EEA via passporting arrangements under the MiFID regime (Markets in Financial Insruments Directive). AvaTrade were one of the pioneers of cryptocurrency trading, and they can be traded as currency pairs on their Android trading app. The following cryptocurrencies are available:
Bitcoin and Bitcoin Cash
Ethereum and Ethereum Classic
Here are some of the benefits of trading cryptocurrencies with the AvaTrader app.
Just 100 units of the base currency that the account is opened in is required to begin trading.
Traders can either go long to speculate that markets will rise, or short to speculate on markets falling.
Cryptocurrency trading is leveraged at up to 20:1. So just £10 will expose a trader to £200 worth of the currency. Of course, this also exposes the trader to greater losses if the market moves against them. Traders should be aware of the risks to capital involved before trading with leverage.
Customer support is available in 14 different languages, 24/7.
Interactive charts are provided so that traders can perform analyses and studies for each cryptocurrency.
AvaTradeGO is the mobile trading app offered by AvaTrade. It connects to a trader’s MT4 account, providing a mobile-friendly user interface. It can be downloaded from the Google Play Store for Android devices, including tablets and smartphones. In addition to the cryptocurrency Forex pairs, traders can also access CFDs (contracts for difference) on commodities and popular stocks, such as Apple, Google and Amazon. Insights into the buying and selling behaviour of other traders is also a feature available on the platform.
EasyMarkets (formerly Easy-Forex) is a multi-asset brokerage house based in Cyprus. The company offers brokerage services in the trading of currencies, CFDs, and options. Cryptocurrencies are also included in the suite of markets available. EasyMarkets have a mobile trading app which allows traders to take advantage of a novel feature known as dealCancellation.
What is the dealCancellation™ feature?
The process of trading usually begins with the analysis of an opportunity. Sometimes, some aspects of the analysis can be missed, or an unexpected turn of events can cause the markets to move against the trader in spite of their thorough analysis. With EasyMarkets, the dealCancellation™ feature gives traders a kind of insurance that protects them against this eventuality as it effectively allows them to undo their trade.
How does dealCancellation™ work?
During the process of setting up a trade, where the DealCancellation service is available, a slider will be clearly displayed allowing the user to select it. A green shield logo with a white tick will be displayed on the trading ticket if the risk management function is available for a particular product. Many of the products are eligible, including silver, gold, and popular currencies. The amount that will be required to be paid for the dealCancellation™ service will vary depending on the recent volatility of the market selected and the value of the trade. It will be displayed on the trading ticket once dealCancellation has been selected and before a trader commits to placing the trade. Once applied, the trader has a 1-hour window to activate their dealCancellation™ function and get a refund of the capital used in the trade. The price paid for dealCancellation™ will not be returned, however.
Other monitoring tools that are included in the app are live price notifications, live market news and customisable charts with a range of technical indicators.
Their Android mobile trading app offers all the features that are provided on their web browser platform. The feature that eToro are most renowned for is their patented CopyTrader™ technology. This allows users to discover traders with top-performing portfolios, and copy their trades automatically. Before deciding which traders to copy, users of the app can view their performance metrics, with month by month graphs, an overall 12 month performance figure, a risk score and interactive charts, which allow users to apply technical indicators to fully assess the past performance of a trader before they commit to copying their portfolio. Within the app, in order to find a trader to copy, users can click on the Copy People menu option to view the live rankings.
A more recent feature to be added to the eToro platform and available through the mobile trading app is the CopyFunds™ mechanism. With this feature, eToro offers funds that can be automatically copied, in the same way that individual traders can be copied with the CopyTrader™ function. The funds offer specific trading goals and strategies, such as cryptocurrencies, or specific types of stocks, and are provided by eToro or by their fund manager partners.
The social aspect is also carried through into the manual trading functions, with each financial instrument offering the ability for users to comment, or view and respond to comments from others. This feature is particularly useful for less experienced traders who can learn from the insights provided by more experienced traders in the community.
IG Group, owners of IG Markets Ltd are authorised and regulated for their brokerage services within the UK by the Financial Conduct Authority (FCA), with permission to passport their services to countries within the EEA. They also hold regulatory authorisation in Australia, Singapore, New Zealand, Switzerland, the UAE, and South Africa. In addition, the Nadex digital options brand operated in the US also belongs to the IG Group. This demonstrates the size, presence and authority that the group have worldwide – a significant pro for many traders.
One of the standout features of IG Markets Ltd is the asset range available to traders. IG Markets Ltd have arguably one of the widest financial instrument ranges amongst brokers. Just some of the markets on offer include:
Binary options (digital 100s)
Exchange Traded Funds (ETFs)
These markets give traders access to more than 15,000 financial instruments. Traders can spread bet, buy and sell shares, and trade CFDs through their mobile apps. The Android trading app is free to download from Google Play Store and has been downloaded between 500,000 and a million times.
Corespreads offers users the facilities for trading CFDs on stocks, indices, commodities and currencies, but are perhaps best known for their financial spread betting product. The Android trading app is compatible with a range of devices, including smartphones and tablets, and replicates the features of their web-based platform, CoreTrader. The app offers real time quotes, a variety of execution modes, trading history and pending order capabilities.
Financial spread betting involves speculating on whether the value of the underlying assets will move up or down. As this is a form of betting, any gains made from financial spread betting is free from capital gains tax in the UK, depending on the tax status of the trader.
The Core Spreads parent company, Finsa Europe Ltd, is regulated by the Financial Conduct Authority and authorised to provide their services throughout the EEA.
Forex.com scored best in our review of the top brokers for android trading apps , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|USD/JPY Spread||0.90||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|