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Best Android Apps Forex Brokers

Marcus Taylor

Written by Marcus Taylor

October 17, 2022

A Selection of the Top Android Trading Apps

Here are the best forex brokers with Android trading apps.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
  • Saxo Bank - 9.5/10 Overall
  • IG
    - 9.7/10 Overall
  • CMC Markets - 9.4/10 Overall
  • TD Ameritrade - 8.9/10 Overall
  • City Index - 8.7/10 Overall
  • FOREX.com
    - 8.7/10 Overall
  • OANDA - 8/10 Overall
  • Interactive Brokers - 9.2/10 Overall
  • XTB - 8.7/10 Overall
Overall Rating
9.5 / 10
Minimum Initial Deposit
€2,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.9 (September 2022)
All-in Cost EUR/USD - Active0.7 (September 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1992
Publicly Traded (Listed)No
BankYes
Tier-1 Licenses6
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)60000
Forex Pairs (Total)190
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)62
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.7 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.4 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.51 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1989
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses5
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12377
Forex Pairs (Total)158
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)84
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.9 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.25 pips (September 2022)
All-in Cost EUR/USD - Active1.25 pips (September 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1955
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses4
Tier-2 Licenses0
Investment Optionsexpand_moreexpand_less
Forex TradingYes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)0
Forex Pairs (Total)73
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)360
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
£100.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1983
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses3
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)13500
Forex Pairs (Total)84
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)88
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.26 (5/22-5/27/22)
All-in Cost EUR/USD - Active1.26 (5/22-5/27/22)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1996
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses6
Tier-2 Licenses0
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)124
Forex Pairs (Total)71
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)81
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.2 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (Aug 2022)
All-in Cost EUR/USD - Active0.6 (Aug 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1977
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses8
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8500
Forex Pairs (Total)90
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)128
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Here are some additional Android trading apps. Möchten Sie diese Anleitung auf Deutsch lesen? Klicke hier

AvaTrade

AvaTrade is regulated by the Central Bank of Ireland and authorized throughout the EEA via passporting arrangements under the MiFID regime (Markets in Financial Instruments Directive). AvaTrade was 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
  • Ripple
  • Dash
  • Litecoin
  • NEO
  • Monero

Here are some of the benefits of trading cryptocurrency 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.
android-apps-1.png

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 behavior of other traders are also a feature available on the platform.

EasyMarkets App

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 that allows traders to take advantage of a novel feature known as dealCancellation.

What is the dealCancellationâ„¢ 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 dealCancellationâ„¢ feature gives traders a kind of insurance that protects them against this eventuality as it effectively allows them to undo their trade.

How does dealCancellationâ„¢ work?/

android-apps-2.png

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 dealCancellationâ„¢ 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 dealCancellationâ„¢ function and get a refund of the capital used in the trade. The price paid for dealCancellationâ„¢ will not be returned.

Other monitoring tools that are included in the app are live price notifications, live market news and customizable charts with a range of technical indicators.

eToro

eToro is a CySEC-regulated broker that is able to offer its services to member states through the MiFID regime. Outside of the EU, they are also permitted to trade in the Republic of South Africa.

Their Android mobile trading app offers all the features that are provided on their web browser platform. The feature that eToro is most renowned for is its patented CopyTraderâ„¢ 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.

android-apps-3.png

A more recent feature to be added to the eToro platform and available through the mobile trading app is eToro's CopyPortfolio. With this feature, eToro offers funds that can be automatically copied, in the same way that individual traders can be copied with the CopyTraderâ„¢ 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 Capital Markets

IG Group, owners of IG Markets Ltd are authorized 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 authorization 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 has 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 has arguably one of the widest financial instrument ranges amongst brokers. Just some of the markets on offer include:

  • Indices
  • Shares
  • Forex
  • Binary options (digital 100s)
  • Conventional options
  • IPOs
  • Forex
  • Commodities
  • Bonds
  • Interest rates
  • Exchange-Traded Funds (ETFs)
  • Cryptocurrencies
android-apps-4.png

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

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.

android-apps-5.png

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 authorized to provide its services throughout the EEA.

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers for 2022 that offer Android apps, sorted by Overall ranking.

Company Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
Saxo Bank logoSaxo Bank 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
IG logoIG 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
CMC Markets logoCMC Markets 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
TD Ameritrade logoTD Ameritrade 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
City Index logoCity Index 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
FOREX.com logoFOREX.com 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
OANDA logoOANDA 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Interactive Brokers logoInteractive Brokers 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
XTB logoXTB 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
View More

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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. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


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