The ideal forex trading app should provide an accessible trading platform with all of the tools required for trading, with beginner investors having access to free demo accounts in which they can hone their strategies without risking real money.
eToro’s copy trading platform is another top option. Here you can monitor trades of professional traders while taking advantage of educational resources provided.
Thinktrader
Thinktrader is an all-inclusive Over-the-Counter (OTC) derivatives broker offering trading on multiple markets with 50-1100 times leverage. Regulated by multiple top financial authorities and featuring comprehensive features designed for both novice and advanced traders alike.
Their user-friendly platform is accessible across desktop, mobile and tablet devices and provides access to an extensive array of tools and technical indicators. There are two types of charts, including Quad screen view for monitoring four real-time markets simultaneously. Furthermore, cloud-based alerts enable quick trade closure and the trade can even be closed with just one click.
ThinkTrader’s chart window illustrates price action accurately and precisely, giving traders a clear, detailed perspective into market behavior. This provides them with an advantage over competing apps which struggle to represent too much information without making their charts look cramped.
Oanda
Oanda is an online forex broker offering trading in currency pairs, stock indices and precious metals. Their website features an array of trading tools and educational resources for both newcomers and experienced traders; plus they also feature a mobile trading platform and transparent pricing structure.
Oanda’s fxTrade platform features customizable layouts that enable you to design a workspace tailored precisely to your needs. In addition, this advanced charting service supports Renki and Kagi charts; margin trading enables traders to open positions bigger than their account balance; margin trading also supports margin trading capabilities, giving traders access to positions larger than what their account balance allows.
Oanda also provides market research tools, economic analysis and news from Reuters and Dow Jones, advanced data analytics capabilities and pattern-matching engines – all available to customers free of charge.
FXTM
FXTM (ForexTime) is an online forex trading website offering an array of trading tools and extensive learning resources, as well as boasting an outstanding track record with no downtime and short customer service wait times. Furthermore, credible banks store customer funds while adhering to strict industry regulations regarding data protection and transparency.
Traders can deposit and withdraw funds using various payment solutions, including credit/debit cards and local payment solutions. In addition to viewing their overall account operation history with convenient filters applied, they can modify leverage settings as well as enable swap-free options; edit/restore passwords as well as edit/reset them on demand. Furthermore, our platform supports several languages so clients can quickly gain support while receiving daily/weekly market news/analysis updates.
FP Markets
FP Markets is an Australian forex broker offering various trading accounts to traders. This includes a free demo account with $100,000 virtual funds for testing strategies without risking their real funds, VPS service for automated algorithm trading and more.
FP Markets provides access to an expansive selection of forex pairs and CFDs, with spreads starting from zero pips with only a $3 commission fee – making them suitable for scalping strategies or more aggressive trading strategies such as arbitrage.
FP Markets boasts an excellent reliability score and is regulated by top-tier regulators in both Europe and Australia. Furthermore, their verification processes ensure clients’ personal information and accounts remain protected at all times; their support services can be reached via online chat, phone call, and email support.