Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Forex Brokers with Android Trading Apps

We present you a list of brokers that offer their customers the opportunity to trade through dedicated free apps for Android OS. If you decide to download Forex Android app, they will give you the opportunity to conduct trading using the full range of features and tools directly from your modern mobile phone or tablet. Find the best Forex brokers with Android trading apps in the list below.

  • Key information
  • Trading
  • Payment systems
  • Trading platforms
  • Trading instruments
  • Support
  • Trading accounts
  • Account settings
  • Spreads
  • Promotion
Filter
Company#LogoForex brokerFoundedRegulatedReviewsPayment systemsBroker type(?)Min. DepositMax.
leverage
Live spread
Interval:
Live
spread
EUR/USD
Live spread
Interval:
Live
spread
GBP/USD
Live spread
Interval:
Live
spread
USD/CHF
Live spread
Interval:
Live
spread
USD/CAD
Live spread
Interval:
Live
spread
USD/JPY
Live spread
Interval:
Live
spread
AUD/USD
Live spread
Interval:
Live
spread
NZD/USD
Live spread
Interval:
Live
spread
EUR/AUD
Live spread
Interval:
Live
spread
EUR/CAD
Live spread
Interval:
Live
spread
EUR/CHF
Accepting US traders?Account
Forex.com1Forex.combest broker2001
FCA, CFTC

Regulated

39

Payment systems

ECN, MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
eToro2eToro2007
ASIC, FCA
56

Payment systems

NDD, STP
50 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
IG3IG1974
ASIC, FCA
14

Payment systems

DMA, MM
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
TD Ameritrade4TD Ameritrade1975
FINRA, SIPC
6
DMA
2000 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
Saxo Bank5Saxo Bank199220

Payment systems

ECN, STP
10000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
LMFX6LMFX2015-25

Payment systems

NDD
50 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
OANDA7OANDA1996
ASIC, FCA
19

Payment systems

-0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
CMC Markets8CMC Markets1989
ASIC, FCA
27

Payment systems

NDD, STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Interactive Brokers9Interactive Brokers1977
FCA, CFTC

Regulated

11

Payment systems

MM
10000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1
City Index10City Index2001
ASIC, FCA
13

Payment systems

NDD, ECN
250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGlory11FxGlory2012-10

Payment systems

NDD, MM
1 $1:3000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
XM.COM12XM.COM2009
ASIC, IFSC

Regulated

75

Payment systems

MM
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capital.com13Capital.com2016
ASIC, FCA
86

Payment systems

MM
20 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AXITrader14AXITrader2007
ASIC, FCA
12

Payment systems

NDD
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
XTB.com15XTB.com2002
FCA, CNMV
5

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RoboMarkets16RoboMarkets2012
CySEC
21

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RoboForex17RoboForex2009
IFSC
19

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Forex4you18Forex4you2007
FSC
31

Payment systems

NDD, STP
20 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
NordFX19NordFX2008
SEBI, VFSC
101

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Plus50020Plus5002008
ASIC, FCA
38

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HYCM21HYCM1977
FCA
142

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
LegacyFx22LegacyFx2012
CySEC, VFSC
0

Payment systems

NDD, STP
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FBS23FBS2009
IFSC, NAFD
95

Payment systems

ECN, STP
1 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
EXNESS24EXNESS2008
FCA, CySEC
88

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
0 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxPro25FxPro2006
FCA, CySEC

Regulated

117

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Swissquote26Swissquote1996
FINMA
26

Payment systems

STP
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCM27FXCM1999
ASIC, FCA
18

Payment systems

NDD
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Admiral Markets28Admiral Markets2001
FCA, CNMV
23

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AVATrade29AVATrade2006
ASIC, CBI
59

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IQ Option30IQ Option2013
FSA
5

Payment systems

NDD
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGiants31FxGiants2015
FCA
16

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Vantage FX32Vantage FX2009
ASIC
12

Payment systems

ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Instaforex33Instaforex2007
RAUFR
88

Payment systems

NDD, ECN
1 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alfa-Forex34Alfa-Forex2016
CBR
14

Payment systems

NDD
0 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FIBO Group35FIBO Group1998
FSC, CNMV
29

Payment systems

NDD, MM
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Markets.com36Markets.com2006
CySEC
12

Payment systems

NDD
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXOpen37FXOpen2005
ASIC, FCA
98

Payment systems

ECN, STP

Broker type

  • ECN
  • STP
  • MM
1 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GrandCapital38GrandCapital2006-15

Payment systems

STP
10 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AMarkets39AMarkets2007
FSA
71

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Dukascopy Bank SA40Dukascopy Bank SA1998
FINMA
14

Payment systems

ECN
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Dukascopy Europe41Dukascopy Europe2010
FCMC
15

Payment systems

ECN
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FP Markets42FP Markets2005
ASIC, CySEC
17

Payment systems

DMA
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Just2Trade43Just2Trade2006
CySEC
40

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
DeltaStock44DeltaStock1998
BNB
15

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
100 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IFC Markets45IFC Markets2006
FSC, CySEC
36

Payment systems

STP
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HotForex46HotForex2010
CySEC, FSC
77

Payment systems

NDD
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
IC Markets47IC Markets2007
ASIC
22

Payment systems

NDD, ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXDD48FXDD2002
MFSA
6

Payment systems

NDD, ECN
250 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Finpari49Finpari2013
CySEC
3

Payment systems

NDD, STP
100 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ActivTrades50ActivTrades2001
FCA, CNMV
79

Payment systems

NDD
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AAFX Trading51AAFX Trading2014
ASIC, FSA
226

Payment systems

NDD, ECN
100 $1:2000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
LiteForex52LiteForex2008
CySEC
37

Payment systems

ECN
50 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BCS Forex53BCS Forex2006
FSA
13

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
  • MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ForexMart54ForexMart2015
CySEC
22

Payment systems

ECN
1 $1:5000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fortrade55Fortrade2013
FCA, FSCS

Regulated

16

Payment systems

-100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
EasyMarkets56EasyMarkets2001
ASIC, CySEC
13

Payment systems

MM
100 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Orbex57Orbex2010
CySEC
22

Payment systems

ECN
500 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Hantec Markets58Hantec Markets2009
FCA
13

Payment systems

NDD
1000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ForexChief59ForexChief2014
VFSC
121

Payment systems

ECN, STP
1 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ICM Capital60ICM Capital2009
FCA
4

Payment systems

-200 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Octa FX61Octa FX2011
FCA, FSA
27

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fort Financial Service62Fort Financial Service2010
IFSC
2

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
5 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BMFN63BMFN1988
ASIC, FCA
12

Payment systems

NDD, DMA
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Core Spreads64Core Spreads2014
FCA
15

Payment systems

NDD
1 $1:240N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
NPBFX65NPBFX1996
IFSC
19

Payment systems

NDD, STP
10 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FreshForex66FreshForex2004
KROUFR
63

Payment systems

NDD, MM
0 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
City Index Singapore67City Index Singapore2006
MAS
3
MM
100 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Degiro68Degiro2008
BaFin
8
NDD
0 $-N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GO Markets69GO Markets2006
ASIC
13

Payment systems

NDD
200 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Forex.ee70Forex.ee2004
FSA
8

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
10 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Tickmill71Tickmill2014
FCA, SIBA
10

Payment systems

NDD
25 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Yadix.com72Yadix.com2010
FSC
54

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXPRIMUS73FXPRIMUS2009
CySEC, VFSC
11

Payment systems

STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
PSB Forex74PSB Forex2016
CBR, NAFD

Regulated

7
NDD
1500 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ICE FX75ICE FX2015-8

Payment systems

STP
30 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FriedbergDirect76FriedbergDirect2008
IIROC
10

Payment systems

NDD, STP
0 $1:33N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TrioMarkets77TrioMarkets2014
CySEC
8

Payment systems

ECN, STP
500 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
iOCBCfx78iOCBCfx2004
MAS
8
NDD
1000 $1:35N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
UOB Kay Hian79UOB Kay Hian2000
MAS
6
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
KE Forex80KE Forex1972
MAS
9
NDD
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Haitong81Haitong2010
MAS
8
NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
0 $1:50N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCitizen82FXCitizen2010
VFSC
10

Payment systems

NDD, ECN
10 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Land FX83Land FX2013
FCA, FSCS

Regulated

11

Payment systems

NDD, ECN
300 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Pepperstone84Pepperstone2010
ASIC
12

Payment systems

ECN
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
PhillipCapital UK85PhillipCapital UK1975
ASIC, FCA
7
NDD
200 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ak Investment86Ak Investment1996
SPK
11
NDD, DMA

Broker type

  • NDD
  • DMA
  • MM
1000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
InvestAZ87InvestAZ2010
FSP, SPK
8
ECN
100 $1:1000N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Corner Trader88Corner Trader2012
FINMA
9
MM
1 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Abshire-Smith89Abshire-Smith2011
FCA, FSCS
10

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ArgusFX90ArgusFX2000
CySEC
10

Payment systems

STP
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Ayondo91Ayondo2008
FCA, BaFin
9

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Bacera92Bacera2009
ASIC
10

Payment systems

MM
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BogoFinance93BogoFinance2006
CySEC
11

Payment systems

NDD
100 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capital Index94Capital Index2014
FCA, CySEC

Regulated

4

Payment systems

NDD, STP
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
CMG95CMG2015
ASIC
17

Payment systems

-250 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Colmex Pro96Colmex Pro2010
CySEC
13
NDD, ECN
2000 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Darwinex97Darwinex2012
FCA
10

Payment systems

STP, DMA
500 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
eTrader98eTrader2014
CySEC
11
NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Flatex99Flatex1999
BaFin
9
NDD, MM
0 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Fullerton Markets100Fullerton Markets2015
FSP
11

Payment systems

ECN, STP
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXCC101FXCC-
FCA, CySEC
102

Payment systems

NDD, ECN

Broker type

  • NDD
  • ECN
  • STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FX Choice102FX Choice2010
IFSC
6

Payment systems

NDD
100 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FxGrow103FxGrow2008
CySEC
4

Payment systems

ECN, STP
100 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
GMG Markets104GMG Markets2015
FCA
2
NDD, STP
200 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
HMS Markets105HMS Markets1972-2
NDD
1000 $1:40N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Infinox Capital106Infinox Capital2009
FCA
7

Payment systems

ECN, STP
100 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
iTrader107iTrader2012
IFSC
4

Payment systems

NDD
250 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Mex Exchange108Mex Exchange2012
ASIC
3

Payment systems

NDD, ECN
200 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FXPCM109FXPCM2007
FSC, DFSA

Regulated

3

Payment systems

NDD, ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Rakuten Securities Hong Kong110Rakuten Securities Hong Kong2002
SFC
2
NDD, STP
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
RietumuFX111RietumuFX1992
FCMC
6
NDD
1000 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
TFI Markets112TFI Markets1999
CySEC
3
NDD
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
FinmaxFX113FinmaxFX2017
CROFR, VFSC
19

Payment systems

MM
250 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
CommSec114CommSec1998
ASIC
3
DMA, MM
10 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
VTB 24 Forex115VTB 24 Forex2009
CBR, KROUFR
2

Payment systems

NDD
2000 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Finam Forex116Finam Forex1994
CBR, NAFD

Regulated

3

Payment systems

NDD, DMA
0 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
MultiBank Group117MultiBank Group2005
ASIC
1

Payment systems

ECN
0 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Alvexo118Alvexo2014
CySEC, SIBA
8

Payment systems

ECN
0 $1:300N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
AETOS119AETOS2007
ASIC
5

Payment systems

NDD
250 $1:200N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Key to Markets120Key to Markets2010
FCA, FSP

Regulated

4

Payment systems

ECN
100 $1:500N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Trading.com121Trading.com2018
FCA
2

Payment systems

ECN
5 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
BDSwiss122BDSwiss2012
CySEC, FSC
9

Payment systems

ECN
0 $1:400N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ATC Brokers123ATC Brokers2005-2
ECN
2000 $1:100N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
ACY.com124ACY.com2011
ASIC, VFSC
2
ECN, STP
--N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0
Capex125-Capex2018
CFSFA, DMCC

Regulated

1

Payment systems

DMA, MM
50 $1:30N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0


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5 (1)

History of Android Forex trading

As time goes by, traders are finding ways to find their trades efficient and convenient: note that this was as early as the 1700s. The Forex market has earned itself full time and committed traders. Up to 1980s, only the wealthy corporations privileged with technological equipment and know-how were able to make the most out of the trade.

Thanks to technological advancement and the ease of accessibility, today, dedicated traders have been able to find a way through their busy schedule: Mobile Trading. It all started in the 1990s whereby the internet gained a safe landing in the technological world. One thing led to the other, and it was when doors opened for retail traders.

The first ever online trader was established in 1991, which opened doors for more online Forex dealers, hence mobile trading. Mobile trading has been made possible by Android-powered trading apps that have seen the growth of the market. What are the requirements for Android Forex trading? All you will be needed to have is a rather low starting capital that is mostly below $50, and an Android-powered device such as a tablet or a smartphone: not forgetting a stable and secure internet connection.

Advantages of Android trading apps

If you are considering or already have joined Forex trading, it would be a perfect choice for you to choose Android apps for Forex trading. What is in for you, will be a question that will probably cross your mind. There are more benefits to mobile trading than you can think about. An in-depth insight into the following benefits will further motivate you into pursuing mobile trading.

1. Efficiency

One of the benefits of using mobile or android trading apps is the efficiency that comes with it. The trade becomes comfortable as the apps are easy to navigate and go about. It increases the effectiveness of managing your assets and also allows you to handle multiple trade accounts at a go.

2. Security

No one will interfere with your transactions and funds. How so? The android Forex trading apps come with an encrypted firewall that guarantees 100 percent protection. Remember that the devices are mobile and personal. You can rest assured that you have total control of who gets to access the app.

3. Remote access

Does your business also entail a lot of traveling? Well, Android trading apps are the perfect option for you. As earlier mentioned, the Forex market operates 24 hours, which means you have to be in constant touch with what is going on. The mobility of android trading apps allows you to trade from wherever you are without having to compromise everything.

Which also makes it possible for you to make the most out of FX.

4. Improves success rate

This is tied to the fact that you can mobile trading is very accessible. Remember that to make it in the Forex market; you have to take advantage of the prime time. The convenience of accessing your data any time you wish.

This means that you will be able to grab most of the opportunities that will present themselves hence a significant increase in your rate of success.

5. You will be updated

In the Forex market, being updated is an asset. Since you will be able to conveniently access your platform from anywhere and at any given time, your likelihood of coming across news and information regarding FX will increase.

Such information is valuable to your account as you will use it to better your trade and performance.

6. Variety

The beauty of the android trading apps is that most come with up to 20 languages, which gives you the opportunity to trade with people from different locations. There is no better way to spread your wings in the FX market than using android trading apps.

Disadvantages of Android trading apps

In as much as android trading apps have its share of perks, it also has its setbacks.

1. Unstable connection

You need to have a very reliable internet connection for your mobile trade to be active and efficient. However, one of the disadvantages of using android apps is that most of the devices get an intermittent connection. Especially if you are on the move, like in an elevator, you will get disconnected in the middle of a significant transaction. This could cause your account significant loses.

2. Limitation of Expert Advisors

Most or all trading automation tools are only available for computers: which is quite unfortunate. Using Android trading apps could mean missing out on automated processes, and you will have to stick to manual trading which could be somewhat tedious.

3. Additional costs

Yes, you may have installed wireless networks at your place of work or home. But since you might have to use it on the go, you might as well as incur additional costs that come with purchasing various data plans for your device to get connected.

4. Inferior execution time

Why can the performance be halfway up the mountain at times? It is for the particular reason that most of the apps are usually derived from the ones being used on personal computers: which means that they may not be responsive to your Android smartphone or tablet.

In such cases, you will find that the performance of your account on your PC is exemplary but particularly poor on your phone.

5. Overtrading

Accessibility to your mobile device also has its downside. The chances of getting compelled to do more and more trading are high. The feeling of needing to be in the market is rational and human. However, over trading only exposes you to more risk as a trader: not every time things will work in your favor.

 

Best Android apps for Forex trading

 

1. NetDania Forex and Stocks

NetDania is the best Forex trading android app as it comes with a free demo account packaged with multiple brokers. The beauty of it is that you do not need any programming know-how for you to be able to create study alerts for the app.

Additionally, the app allows you to transact with over 20000 financial instruments on top of more than 2000 currency pairs and 10,000 stocks in real time. Also, the app equips you with an events calendar that signals you of any important indicators which also come in the news from more than 100 countries.

2. TradeInterceptor Forex Trading

TradeInterceptor Forex Trading is not just another trading app. Why? The app is capable of streaming charts and quotes of over 60 currencies, Gold, Silver, Oil, and indices. Also, it gives you access to real-time FX news that covers the European, Asian and American trading hours, not forgetting economic calendars that give you alerts on data release and events. It is only through TradeInterceptor Forex Trading that you will benefit from over 80 pattern recognition, technical analysis indicators, and 40 graphical tools.

Another feature that this app boasts is trading reports.

3. MetaTrader 5

MetaTrader 5 is probably the most responsive mobile app in the Forex market. It has a user-friendly interface that allows you to zoom and scroll on real-time charts enhancing your trade experience.

The app also gives you a detailed trading history and real-time quotes for financial instruments. Since MetaTrader can also work with PCs, the app allows you to sync with your desktop and supports push notifications from the platform. The android app also does not limit you when it comes to analytical tools: it offers you 24 analytical objects such as geometric shapes, lines, and channels to mention a few.

4. ForexTrader for Android

The good thing about the app is that it gives you the choice of trading with over 50 currency pair and also spot silver and gold. You will also comfortably place different order types and access to line charts, candlesticks or bar that come with technical indicators, time frames, historical data and over 35 drawing tools. To stay ahead of the game, ForexTrader streams essential headlines from ForexInsider and Reuters for updated market analysis and commentary.

You will also be able to monitor economic data through an economic calendar that comes with the app. Additionally, the app gives you reporting features and management tools that will make your experience exemplary.

5. Bloomberg professional

Last but not least is Bloomberg professional. What does the app have in store for you? Well, as the world is going mobile, you will not be left behind as you will be able to send and receive messages as you move. Also, it has an Instant feature that allows you to stay connected with your contacts at any given time.

You get to benefit from full news and alerts coming from various sources and also being able to monitor events, market data and quotes to mention a few. Its user-friendly interface will allow you to get detailed information of a given company in a very organized document.

Brokers on android trading platforms

1. ETX Capital

ETX Capital is an award-winning trading broker that provides CFDs, spread betting, and retail Forex trading services. It is also a member of the London Stock Exchange and regulated by the Financial Conduct Authority.

ETX will give you the opportunity to trade on more than 60 currency pairs and on three different platforms that are equipped with advanced charting tools. If you are new to the trade, this would be the best broker for you as will get educated about the ways of FX at no extra costs through seminars and webinars. Finally, you can count on ETX to keep you updated on the latest technical analysis and Forex news.

2. XM

Do you want a broker that is under stringent international regulations? Well, XM must be the best broker for you. XM is regulated by FCA, ASIC, IFSC, and CySEC. The broker boasts clients from over 196 countries and has staff speaking over 30 languages to ensure that no trader is sidelined.

XM offers a variety of trading instruments such as CFDs and Forex, more so on commodities, stock indices, metals, commodities, and energies to mention a few: which is what makes trading with XM efficient. The interface of XM trading platforms is designed in such a way that they give the trader the best experience through easy navigation and non-complex procedures.

Transparency is guaranteed, and trading with XM will leave you feeling that your assets are secure. The broker upholds value regarding customer service and support, and you should expect nothing less than quality.

3. Plus500

For an FCA regulated trading platform, you will benefit from advanced trading tools and no commissions charged. Also, if you have still not found your way around FX trading, you can get a free demo account which you will use to master your ways without risking your assets.

Plus500 works with low spreads which means that it will cost you less to trade and allows you to trade with a maximum leverage of 1:300. Plus500 is winning because it gives traders the opportunity to react fast to market changes by providing them with real-time live-streaming quotes.

Plus500 will allow you to make the most out of trade shares, indices, Forex, options, commodities, and ETFs.