The Best Forex Trading Mobile Apps of 2021

Forex trading has long been the domain of serious traders with deep pockets and access to powerful trading tools. Today, however, anyone with a smartphone can participate in the exciting world of forex trading thanks to the proliferation of forex trading mobile apps. In this article, we will take a closer look at some of the best forex trading mobile apps available in 2021.

What is Forex Trading?

Before we dive into the world of forex trading mobile apps, let’s take a brief moment to remind ourselves of what forex trading actually is. Forex trading involves buying and selling currencies with the goal of making a profit as exchange rates fluctuate. For example, if you think the value of the euro will increase relative to the US dollar, you would buy euros and sell dollars. If your prediction is correct, you can sell the euros for dollars later and make a profit.

Benefits of Mobile Forex Trading Apps

Mobile forex trading apps offer several benefits for traders, including:

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How We Chose the Best Forex Trading Mobile Apps

To determine the best mobile forex trading apps, we considered a variety of factors, including:

The Best Forex Trading Mobile Apps

1. MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

Overview

MetaTrader is a popular trading platform among forex traders and has been around for more than a decade. MetaTrader 4 and MetaTrader 5 are the mobile versions of the platform and offer a range of features that make them a top choice for many traders.

Key Features

Pros and Cons

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2. IQ Option

Overview

IQ Option is a popular trading app that allows traders to trade a variety of financial instruments, including forex, stocks, and cryptocurrencies. The app has been around since 2013 and has been downloaded more than 48 million times.

Key Features

Pros and Cons

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Cons:

3. eToro

Overview

eToro is a social trading platform that allows traders to copy the trades of other successful traders. The app has been around since 2007 and has more than 10 million users worldwide.

Key Features

Pros and Cons

Pros:

Cons:

4. CMC Markets

Overview

CMC Markets is a well-established trading platform that has been around since 1989. The app offers a range of trading tools and features that make it a popular choice for many traders.

Key Features

Pros and Cons

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5. Forex.com

Overview

Forex.com is a well-established forex trading platform that has been around for more than 20 years. The mobile app offers a range of features that make it a top choice for many traders.

Key Features

Pros and Cons

Pros:

Cons:

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Conclusion

Forex trading mobile apps offer traders a range of benefits, including accessibility, flexibility, and real-time data. The apps we’ve highlighted in this article offer a range of features and functionality that make them a top choice for many traders. Whether you’re a beginner or an experienced trader, there’s an app out there that can help you achieve your trading goals.