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Best iOS Forex Apps

May 09, 2022
Last modified May 10, 2022

iPhone / iOS Trading Apps

Plus500

The Plus500 platform is known for its intuitive interface, and the iOS Plus500 trading app follows a similar easy-to-use layout and structure. The iPhone app is also available as a free download from the iTunes app store, and it brings all a users trading requirements to their Apple mobile device.

The Plus500 app provides traders with the facilities for trading CFDs on commodities, Forex, EFTs, stocks, and indices, without commission. Furthermore, it also gives new traders the opportunity to develop their skills on the unlimited demo platform, before taking on the full risk of trading with real money. The user can switch easily between their demo and real accounts in the app, allowing them to continue to practice trading alongside their real trading account.

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.

Best iOS Forex Apps

Here are the best iOS Forex Apps.

  • 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 - Standard0.8 (August 2020)
All-in Cost EUR/USD - Active0.6 (August 2020)
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
Trading - Forex or CFDsYes
Tradeable Symbols (Total)40000
Forex Pairs (Total)182
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)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 - Standard0.828 (September 2021)
All-in Cost EUR/USD - Active0.365 (May 2020)
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
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)32
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 - Standard0.73 (August 2021)
All-in Cost EUR/USD - ActiveN/A
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
Trading - Forex or CFDsYes
Tradeable Symbols (Total)11927
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)86
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 - Standard1.26 pips (August 2021)
All-in Cost EUR/USD - Active1.26 pips (August 2021)
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 TradingNo
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 - Standard1.1 (August 2021)
All-in Cost EUR/USD - Active1.1 (August 2021)
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 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
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)139
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 - Standard1.1 (US August 2021)
All-in Cost EUR/USD - Active1.1 (US August 2021)
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 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
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)139
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
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 (From 09/25/21 - 10/02/21)
All-in Cost EUR/USD - Active0.6 (From 09/25/21 - 10/02/21)
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
Trading - Forex or CFDsYes
Tradeable Symbols (Total)7400
Forex Pairs (Total)91
BitcoinNo
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)127
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 - Standard0.9 (Q3 2021)
All-in Cost EUR/USD - Active0.9 (Q3 2021)
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
Trading - Forex or CFDsYes
Tradeable Symbols (Total)10000
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


iPhone / iOS Trading Apps

Traders can search for the instruments they want to trade either using the search facility or by category. Once selected, the trader can view a basic, customisable chart showing the past performance of the chosen instrument. A range of indicators are available to be added to the chart, including Envelopes, Fractals, Kaufman's Adaptive Moving Average (KAMA), the Moving Average and Linear Regression. This can help advanced traders to gain a deeper level of understanding regarding a particular instrument's past performance.

Users are also provided with an information section that details what the CFD is based on (for example, a particular ICE futures contract), its expiry date if applicable, and the relative percentage of buyers to sellers at the present time. The spread, minimum contract value, and leverage are also clearly stated.

In order to open a position, the trader can select the number of contracts they wish to trade, select a profit limit, set a stop loss value, select a trailing stop value in pips, and select an order value if a rate other than the current rate is required. Users can also set price alerts, allowing them to receive notifications when the price reaches a particular level. Both the demo and the live account offer access to real-time, live prices.

The app also allows traders to view and edit their current trades, to view current orders, and to deposit and withdraw funds. The simple, clean interface can be particularly useful for those who want a straightforward mobile app that offers the essentials for trading CFDs.

Another advantage of the Plus500 iOS app is its ability to connect to the Apple iWatch. Through the connection, a trader can get alerts and updates on open positions without having to open the app on their mobile phone. Plus500 for iOS is compatible with iOS 7.0 and above, so traders with an iPad 2 / iPhone 4 and above, or iPod touch fifth gen can access and use it.

eToro

The eToro trading platform is known for its innovative blend of real-time quotations, easy to read charts and a user-friendly interface. As an iOS application, traders are not restricted to trading from their desktop computer and can manage their accounts wherever they are. The iPhone app is available as a free download in the iTunes app store where it is regularly updated with continual improvements.

The eToro iPhone app matches the features offered on the web browser version of the platform. Users can set up a watch list, which allows them to quickly access and monitor the current rates for their preferred instruments. They can also view their portfolio, including their activity history, and any upcoming orders that they have placed. A live news feed is constantly updated with relevant news and posts from other traders. The news feed is interactive, and traders can like, comment on, and share posts.

eToro iOS Mobile App

A wide range of markets can be traded through the platform, with over a thousand of the most popular financial instruments from around the world. These include stocks, commodities, currencies, cryptocurrencies, ETFs (Exchange-Traded Funds) and indices, all of which can be traded as CFDs (contracts for difference).

One of the most important features is eToro's patented CopyTrader and trading technology. This crowd trading mechanism allows users to copy live portfolios from the platform's top-performing traders. Users can scroll through the editor's choices or can discover other traders with top performing portfolios through the live rankings. To help users choose, they have access to their performance figures from the last 12 months and a chart showing a breakdown of their returns by month; a risk score; the number of followers and copiers they already have, which is an indication of how much the trader is trusted; and a breakdown of their portfolio, showing the performance of each trade. Furthermore, numerous charts are available for analysing the performance of the portfolio. This can give users a detailed insight into the success of their trading, allowing them to feel confident with their choice. In order to start automatically copying another trader's portfolio, simply tap the Copy button, select the desired amount, tick whether or not to copy open trades within their current portfolio, and tap the blue Copy button again.

In addition to the Copy People option eToro also now offer a CopyFunds option; funds which are designed to automatically select the top performing assets using algorithms and specified performance metrics. Again, before deciding, users can view full data charts and obtain insights about the performance of the fund.

eToro iOS also has an inbuilt chat system through which traders can directly connect to successful traders, discuss ideas, and obtain advice to boost their trading knowledge. A chat feed is available for each of the financial instruments, so points that are directly relevant to the instrument can be discussed amongst traders. This is where traders share charts, ask questions, share predictions, and share trade information.

When placing a buy or sell position, a trader is required to select stop loss and take profit levels.

One-click trading can also be enabled, which is particularly useful for securing trades quickly.

AvaTrade

AvaTrade offers a selection of different platforms for traders, with one in particular being designed specifically for use on mobiles – AvaTradeGO. It provides a clean user-interface that links to the industry favourite MetaTrader 4 (MT4) platform, a bespoke version of which is offered to AvaTrade clients.

The app can be comfortably used by traders of all levels, as it is both easy to use and it also offers many of the sophisticated charting tools and other powerful features that are available with MT4.

Through the app, it is possible to deposit and withdraw funds, to add particular instruments to a watchlist in order to keep a closer eye on their activity, view open positions, orders, and history, view an account statement, and obtain support from AvaTrade's customer service agents.

AvaTradeGO – iOS Mobile App

In order to begin trading through the app, it is necessary to deposit at least 100 units of the base currency selected for the account. The range of instruments available include over 250 CFDs and Forex pairs. Bar, candle and line charts are available showing the past performance of all instruments, and the user can select a variety of different timeframes to view, from 1 minute to 1 month.

When a trader is ready to place an order, they can select the order type (including market, limit and stop), select whether to buy or short the instrument, add the number of lots they require, which will alter the margin requirements; and set stop loss and take profit levels.

AvaTrade's main, proprietary trading platform, AvaTradeAct, is also available as an iOS app. A trader can view their account balance, margin utilisation, and can set their equity level percentage. Candle, bar and line charts can be set up with a variety of indicators, such as Bollinger Bands and the Average True Range. The platform offers access to over 250 financial instruments, categorised as Forex, CFDs, ETFs, and futures. In the settings, the user can change the Trader Range, Default Limit, Sort Orders, and Proxy Settings.

A demo account is available for the AvaTradeAvaTrade apps, however as this is only available for 21 days, a separate log in is provided to traders, which makes it more difficult to switch between the two. The term of the demo account can usually be extended upon request.

IG Trading

The trading app from IG Group offers access to its spread betting and CFD trading facilities through an iOS mobile device. One of the most appealing features of the IG mobile platform is that it offers such a wide range of markets, including over 90 Forex pairs; commodities , such as gold and oil; indices, such as the FTSE 100; and many global stocks.

A user can sign up with their Facebook log in details or set up an account with their email address. A demo account is available, to allow users to try out the app before setting up a live account.

From the app, traders can set up watchlists to keep an eye on their preferred stocks, they can open positions, either creating a new trade with the current live rates or setting up an order for when the instrument reaches a specified rate. Stop and limit values can be set when placing a trade, and price alerts can be set.

IG iOS Mobile App

In addition, the user has access to sophisticated charts, with many interactive features. They can be viewed at different time intervals, and the type of chart can be customised, viewed as a candlestick chart, a line chart, HLOC (high low open close), or mountain. A wide range of indicators are also available within the IG mobile app, including Directional Movement, Ichimoku, Aroon and Money Flow Index, amongst many others. Drawings, including the Elliott wave (ABC), Fibonacci retracement and Arrows can be applied. The user can save their layouts and show or hide elements of the chart. These features ensure that even the most experienced trader can extract the information they consider vital from the mobile trading app. Trades can also be placed directly from the chart, ensuring that a good opportunity is not missed as a result of having to switch between screens.

The latest news alerts from Reuters are available, specific to the instrument that is being considered by the trader, and other in-depth market info is available.

Although there are so many sophisticated and powerful features, the IG app is user-friendly and intuitive, making it suitable for new traders too.

Pepperstone

Flexibility is a significant deciding factor for the ardent trader when it comes to choosing a trading app. Pepperstone's iOS app offers flexibility with its user-friendly interface that links to the sophisticated MT4 platform, and it gives users access to Pepperstone's powerful Forex trading technology.

Pepperstone's app allows traders to have access to multiple screens at once. This feature makes it easy to open and close positions without the fear of screen freeze resulting from changing values. A one-tap execution function also allows traders to act quickly upon insights and the app gives the trader real-time data.

Pepperstone for iOS has a built-in charting system which can be easily accessed just by a swipe on the screen. These charts give the trader access to trading history and trends in a useful colour presentation, enhancing analysis capabilities. Moreover, the app is available for all mobile devices from iPhones to iPads.

Demo trading is also available through the app.

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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 the Author

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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