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Best Forex Day Trading Apps 2024

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Written By
James Barra
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Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
» James Barra Profile Page
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Fact Checked By
Jemma Grist
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Fact Checked By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
» Jemma Grist Profile Page
Updated
Jun 24, 2024

Forex trading apps allow you to speculate on the value of currencies from a mobile or tablet device. The best forex apps for day traders offer a terrific user experience with advanced charting tools, excellent pricing, reliable execution, value-add features, and access to a great range of major, minor and exotic currency pairs. We’ve identified the forex applications that excel in these areas.

Top 10 Forex Day Trading Apps

Our comprehensive analysis, hands-on tests and ratings from real traders show that these are the best iPhone and Android apps for trading forex:

Click a broker for details
  1. 1
    FOREX.com
    iOS & Android
    Active Trader Program With A 15% Reduction In Costs
    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5
    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
    Go To FOREX.com
  2. 2
    Interactive Brokers
    iOS & Android
    Ratings
    4.5 / 5
    3.5 / 5
    4.6 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
    Go To Interactive Brokers
  3. 3
    Pocket Option
    iOS & Android
    50% Deposit Bonus
    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5
    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel
    USD
    Go To Pocket Option
  4. 4
    IQCent
    iOS & Android
    20% to 200% Deposit Bonus
    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5
    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
    Go To IQCent
  5. 5
    RedMars
    iOS & Android
    Ratings
    3.3 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3 / 5
    4.7 / 5
    4.6 / 5
    €250
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    CySEC, AFM
    CFDs, Forex, Stocks, Indices, Commodities, Cryptos
    MT5
    Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa
    USD, EUR
    Go To RedMars
  6. 6
    OANDA US
    iOS & Android
    CFDs are not available to residents in the United States.
    Ratings
    4.5 / 5
    3.5 / 5
    2.8 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.3 / 5
    3.8 / 5
    4.7 / 5
    3.7 / 5
    $0
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
    OANDA Trade, MT4, TradingView, AutoChartist
    Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD
    Go To OANDA US
  7. 7
    IG
    iOS & Android
    Forex trading involves risk. Losses can exceed deposits.
    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.9 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5
    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
    Go To IG
  8. 8
    CloseOption
    iOS & Android
    $10 Welcome Gift
    Ratings
    2.8 / 5
    2.5 / 5
    2.5 / 5
    3 / 5
    3 / 5
    3 / 5
    1.3 / 5
    2.5 / 5
    3.7 / 5
    3.5 / 5
    $5
    $1
    National Bank of Georgia
    Binary Options on Forex & Cryptos
    Own
    PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum Payments
    USD
    Go To CloseOption
  9. 9
    Videforex
    Android
    20% to 200% Deposit Bonus
    Ratings
    2.5 / 5
    3 / 5
    3.5 / 5
    3.3 / 5
    3.5 / 5
    4.5 / 5
    1.3 / 5
    1.3 / 5
    4.1 / 5
    4.4 / 5
    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
    Go To Videforex
  10. 10
    Binarium
    iOS & Android
    Ratings
    2.8 / 5
    3.8 / 5
    3.3 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    1.3 / 5
    4.2 / 5
    1.3 / 5
    3.3 / 5
    $5
    $1
    Forex, Stocks, Cryptos
    Own
    QIWI, Yandex Money, Bitcoin Payments, Neteller, WebMoney, Wire Transfer, Visa, Mastercard, Credit Card, Debit Card
    USD, EUR, AUD, RUB
    Go To Binarium

This is why we think these brokers are the best in this category:

  1. FOREX.com - Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.
  2. Interactive Brokers - The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.
  3. Pocket Option - Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.
  4. IQCent - IQCent offers mobile trading directly through major browsers with an intuitive design that we love. You can navigate your account, browse assets and trade binaries in a few clicks. Straightforward access to the copy trading feature at the bottom is also a bonus, alongside the interactive charts which you can pinch to zoom.
  5. RedMars - RedMars doesn’t offer a proprietary platform, which might be a consideration for beginners. The only choice is MetaTrader 5 (MT5), available for desktop, web, and mobile. The lack of support for MT4, cTrader, or TradingView is disappointing, with MT4 easier to use than MT5, cTrader sporting a more user-friendly interface, and TradingView proving excellent due to its advanced charting and community-sourced indicators.
  6. OANDA US - OANDA’s app stands out for its deeply customizable interface, ensuring you can tailor every aspect of the trading experience to your strategy, from setting custom notifications to adjusting chart sizes and overlays. This level of personalization, combined with the ability to quickly react to market changes, manage risk, and stay informed with alerts on significant market events, makes it a category leader.
  7. IG - IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.
  8. CloseOption - CloseOption’s TradeRoom stands out as a fantastic option for beginners, with its streamlined design minimizing the learning curve. It’s super easy to place short-term trades from 5 seconds with basic charting tools at your disposal. Tutorials and frequent updates with video demonstrations also enhance the experience, while weekly contests are available to skilled traders on the go.
  9. Videforex - Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.
  10. Binarium - Binarium offers a mobile app that should provide an optimal trading experience on the go. However, we’ve observed worrying complaints of deposits not showing in account balances despite multiple requests to the support team. So, despite a very modern interface and capable charting tools, it trails industry leaders.

Best Forex Day Trading Apps 2024 Comparison

Best Forex Day Trading Apps 2024 Comparison
Broker iOS Rating Android Rating Forex Assets EUR/USD Spread Minimum Deposit
FOREX.com logo
3.6 / 5 3.8 / 5 80+ 1.2 $100
Interactive Brokers logo
4.3 / 5 4.5 / 5 100+ 0.08-0.20 bps x trade value $0
Pocket Option logo
4 / 5 4.2 / 5 55+ N/A $50
IQCent logo
4.3 / 5 4.1 / 5 49 0.3 $250
RedMars logo
4.7 / 5 4.6 / 5 50+ 0.7 €250
OANDA US logo
4.7 / 5 3.7 / 5 65+ 1.6 $0
IG logo
4.6 / 5 4 / 5 80+ 0.8 $0
CloseOption logo
3.7 / 5 3.5 / 5 20+ No fee - payouts approx. 80% (Copper) $5
Videforex logo
4.1 / 5 4.4 / 5 35+ 0.1 $250
Binarium logo
1.3 / 5 3.3 / 5 20+ Variable $5

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus OfferActive Trader Program With A 15% Reduction In Costs
GBPUSD Spread1.3
EURUSD Spread1.2
EURGBP Spread1.4
Total Assets80+
Leverage1:50
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Mobile AppsiOS & Android
iOS App Rating3.6 / 5
Android App Rating3.8 / 5
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
Minimum Deposit$100
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
  • Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
  • There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.

Cons

  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
Visit FOREX.com
FOREX.com Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

GBPUSD Spread0.08-0.20 bps x trade value
EURUSD Spread0.08-0.20 bps x trade value
EURGBP Spread0.08-0.20 bps x trade value
Total Assets100+
Leverage1:50
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Mobile AppsiOS & Android
iOS App Rating4.3 / 5
Android App Rating4.5 / 5
Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Minimum Deposit$0
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

  • The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
  • The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
  • IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.

Cons

  • Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
  • You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
Visit Interactive Brokers
Interactive Brokers Review

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
GBPUSD SpreadN/A
EURUSD SpreadN/A
EURGBP SpreadN/A
Total Assets55+
PlatformsWeb, MT4, MT5
Mobile AppsiOS & Android
iOS App Rating4 / 5
Android App Rating4.2 / 5
Demo AccountYes
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Minimum Deposit$50
Account CurrenciesUSD

Pros

  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • Extremely fast and smooth sign-up process that takes less than 2 minutes

Cons

  • The MISA is a weak regulator with limited investor protection for retail traders
  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
Visit Pocket Option
Pocket Option Review

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
GBPUSD Spread0.8
EURUSD Spread0.3
EURGBP Spread0.8
Total Assets49
Leverage1:500
PlatformsOnline Platform, TradingView
Mobile AppsiOS & Android
iOS App Rating4.3 / 5
Android App Rating4.1 / 5
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Minimum Deposit$250
Account CurrenciesUSD, EUR

Pros

  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
  • The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies

Cons

  • There's no automated trading support for algo traders
  • The market analysis is very basic with limited technical summaries and insights from analysts
  • The broker is not overseen by a respected regulator, though this is common among binary options firms
Visit IQCent
IQCent Review

RedMars

"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."

Christian Harris, Reviewer

RedMars Quick Facts

GBPUSD Spread0.7
EURUSD Spread0.7
EURGBP Spread1.1
Total Assets50+
Leverage1:30 (Retail), 1:500 (Pro)
PlatformsMT5
Mobile AppsiOS & Android
iOS App Rating4.7 / 5
Android App Rating4.6 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Cryptos
Minimum Deposit€250
Account CurrenciesUSD, EUR

Pros

  • RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
  • Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
  • Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests

Cons

  • RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing
  • The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
  • While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
Visit RedMars
RedMars Review

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."

Jemma Grist, Reviewer

OANDA US Quick Facts

GBPUSD Spread3.4
EURUSD Spread1.6
EURGBP Spread1.7
Total Assets65+
Leverage1:50
PlatformsOANDA Trade, MT4, TradingView, AutoChartist
Mobile AppsiOS & Android
iOS App Rating4.7 / 5
Android App Rating3.7 / 5
Demo AccountYes
InstrumentsForex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
Minimum Deposit$0
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

  • Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
  • The proprietary OANDA web platform continues to deliver a highly competitive charting environment, including 65+ technical indicators powered by TradingView
  • The broker's API facilitates access to 25 years of deep historical data and rates from 200+ currencies

Cons

  • The range of day trading markets is limited to forex and cryptos only
  • There's only a small range of payment methods available, with no e-wallets supported
  • It's a shame that customer support is not available on weekends
Visit OANDA US
OANDA US Review

IG

"IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and fast execution speeds for experienced day traders."

Christian Harris, Reviewer

IG Quick Facts

GBPUSD Spread0.9
EURUSD Spread0.8
EURGBP Spread0.9
Total Assets80+
Leverage1:30 (Retail), 1:250 (Pro)
PlatformsWeb, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral
Mobile AppsiOS & Android
iOS App Rating4.6 / 5
Android App Rating4 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Minimum Deposit$0
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus recently added US-listed futures and options, providing ample diversification opportunities.
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.

Cons

  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients.
Visit IG
IG Review

CloseOption

"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."

Tobias Robinson, Reviewer

CloseOption Quick Facts

Bonus Offer$10 Welcome Gift
GBPUSD SpreadNo fee - payouts approx. 80% (Copper)
EURUSD SpreadNo fee - payouts approx. 80% (Copper)
EURGBP SpreadNo fee - payouts approx. 80% (Copper)
Total Assets20+
PlatformsOwn
Mobile AppsiOS & Android
iOS App Rating3.7 / 5
Android App Rating3.5 / 5
Demo AccountYes
InstrumentsBinary Options on Forex & Cryptos
Minimum Deposit$5
Account CurrenciesUSD

Pros

  • Multiple global payment methods are available
  • CloseOption offers weekly trading tournaments with cash prizes
  • Free demo account

Cons

  • Binary options are only available on fiat and digital currencies
  • Clients need to deposit $50,000+ to qualify for the best payouts
  • CloseOption is not regulated by a well-regarded trading authority
Visit CloseOption
CloseOption Review

Videforex

"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
GBPUSD Spread0.1
EURUSD Spread0.1
EURGBP Spread0.1
Total Assets35+
Leverage1:500
PlatformsTradingView
Mobile AppsAndroid
iOS App Rating4.1 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Minimum Deposit$250
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.

Cons

  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.
  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
Visit Videforex
Videforex Review

Binarium

"Binarium has been designed with simplicity in mind, featuring a fast, fully digital sign-up process and an intuitive platform and app with 4 chart types and 12 indicators. With binaries spanning 5 minutes to 3 months, it caters to short- and medium-term traders."

William Berg, Reviewer

Binarium Quick Facts

GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
Total Assets20+
PlatformsOwn
Mobile AppsiOS & Android
iOS App Rating1.3 / 5
Android App Rating3.3 / 5
Demo AccountYes
InstrumentsForex, Stocks, Cryptos
Minimum Deposit$5
Account CurrenciesUSD, EUR, AUD, RUB

Pros

  • Binarium claims to segregate client funds with EU banks, meaning traders’ money should not be misused and providing an important layer of protection, which is especially relevant given its offshore status.
  • The $10,000 demo account, deposit-doubling welcome bonus, smooth sign-up, and 24/7 support make for an attractive onboarding experience.
  • Binarium has the best education centre we’ve seen amongst binary options brands, complete with information on core topics like trading basics and account options, plus professional video guides to using the platform.

Cons

  • Payouts of up to 80% are on the low side of binary options platforms based on our evaluations, which may deter traders looking for the possible best returns, though you can get back up to 15% of losing trades.
  • Despite being operational since 2012, Binarium is an unregulated broker with limited transparency on its website, raising safety concerns and potentially putting your capital at risk.
  • Binarium has some way to go to match the investment offering of binary firms like Quotex, with a particularly weak selection of around 20 currencies and 3 cryptocurrencies.
Visit Binarium
Binarium Review

In instances where forex brokers lack their own custom trading applications, opting instead to utilize external solutions such as MT4, MT5, or cTrader, we’ve provided these ratings from the relevant app stores. Additionally, please be aware that app store ratings are subject to change.

Comparing Forex Day Trading Apps

To find the top apps for trading currencies, we consider several criteria that collectively contribute to a superior mobile trading experience:

Forex Assets

Downloading an app that provides access to the currency pairs you want to speculate on is essential, as the range of currency pairs can vary significantly.

Our analysis of hundreds of forex apps shows that most top firms support at least 40 currency pairs, from majors like the EUR/USD to minors like the GBP/JPY and exotics like the CAD/SGD.

Choosing a forex app with a large suite of forex assets is important to ensure you have a good range of day trading opportunities and the ability to build a diverse portfolio.

Some brokers with forex apps, such as CMC Markets, also stand out by offering forex indices, providing an alternative way to speculate on the value of key currencies like the USD, EUR and GBP.

FX products on CMC Markets trading app
CMC App – Currency Pairs
Table of FX instruments on CMC app
CMC App – Forex Assets
Popular currency pairs on CMC Markets app
CMC App – Currency Indices

You can compare the selection of currency assets at our top forex apps below.

Top #num# Forex Trading Apps - Currency Assets
FOREX.com NinjaTrader eToro USA Interactive Brokers Pocket Option
Currency Pairs 80+ 50+ 100+ 55+
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Trading Fees

Using a forex app that charges low fees is essential, as the frequent transactions involved in day trading strategies can accumulate, affecting net gains.

Our top-rated currency apps come with competitively low fees for short-term traders, a conclusion we reach through regular assessments of both trading and non-trading fees.

For example, we evaluate the spreads you will pay on three of the most popular currency pairs: EUR/USD, EUR/GBP and GBP/USD.

However, our extensive industry experience has underscored the need to balance cost with quality. Opting for the cheapest forex app without evaluating the range of currency pairs and charting tools can be a misstep, particularly for advanced traders requiring top-notch tools.

You can compare the spreads on popular currency assets at our top forex apps below.

Top #num# Forex Trading Apps - Currency Spreads
FOREX.com NinjaTrader Interactive Brokers eToro USA Pocket Option
Fee Rating
EUR/USD Spread 1.2 1.3 0.08-0.20 bps x trade value N/A
EUR/GBP Spread 1.4 1.6 0.08-0.20 bps x trade value N/A
GBP/USD Spread 1.3 1.6 0.08-0.20 bps x trade value N/A
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Design & Usability

Choosing a forex app that provides a great user experience with an intuitive design is crucial; not only will it minimize the learning curve and enhance your ability to capitalize on market opportunities, but it also makes for an enjoyable trading experience.

That’s why these elements are at the core of our evaluation process, derived from the personal observations of our hands-on testers, and reinforced by ratings from other forex traders on Apple and Android devices, which we’ve collated from the relevant app store.

Customizing Forex.com trading app
Forex.com App – Setup
Forex.com app interface
Forex.com App – Chart
Forex.com app currency assets
Forex.com App – FX Assets

 

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Pro Tip: Test drive a forex app using a demo account to make sure you enjoy the mobile trading experience before risking real money.

Below you can see how the ratings from our in-house experts stack up against those from the Apple App Store and Google Play Store across our top forex apps.

Top #num# Forex Trading Apps - In-House & App Store Ratings
FOREX.com NinjaTrader eToro USA Interactive Brokers Pocket Option
Our Rating
iOS Rating
Android Rating
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Charting Tools

Picking a forex app with excellent charting tools is crucial, especially for day traders who often use technical analysis to identify entry and exit points in fast-paced currency markets.

We know from first-hand experience that you often sacrifice charting functionality when you move from a desktop platform to a mobile or tablet device, particularly in the number of indicators, drawing tools and customization options.

That’s why we look for apps that offer a robust charting package for mobile traders of all levels, including indicators that are particularly popular with forex day traders, such as Moving Average Convergence Divergence, Bollinger Bands, and Average Directional Index.

Changing AvaTrade charts on forex app
AvaTrade App – Charts
AvaTrade app forex chart
AvaTrade App – Charting Display
Using day trading indicators on AvaTrade forex app
AvaTrade App – Indicators

 

We also check for access to popular third-party apps like MetaTrader 4 (MT4), which was built specifically for forex trading and remains the most popular trading platform despite increasing competition from proprietary solutions developed by online brokers and third-party alternatives like cTrader and TradingView.

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Pro Tip: Turning your phone horizontally often provides the best charting view and makes it easier to overlay indicators and tools.
Changing forex chart in MT4 app to horizontal view
MetaTrader 4 App – Horizontal View

You can compare the charting tools available at our top forex apps below.

Top #num# Forex Trading Apps - Charting Information
FOREX.com NinjaTrader eToro USA Interactive Brokers Pocket Option
Charting Rating
Charting Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral NinjaTrader Desktop, Web & Mobile, eSignal eToro Trading Platform & CopyTrader Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral Web, MT4, MT5
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Order Execution

Opting for a forex app with fast execution speeds is critical, especially for day traders speculating on exotic currency pairs where high volatility can lead to rapid price changes.

We’ve also seen that mobile forex traders, in particular, can face challenges here, with reduced execution speeds stemming from mobile network delays and issues related to the stability of applications.

That’s why we recommend mobile applications with fast and dependable order execution, an assessment we make by reviewing their execution policies and available data on execution times.

You can see whether our top recommended forex apps met our execution benchmarks below.

Top #num# Forex Trading Apps - Order Execution
FOREX.com NinjaTrader eToro USA Interactive Brokers Pocket Option
Reliable Order Execution Yes Yes Yes Yes No
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Value-Add Features

Downloading an app that provides additional forex tools aimed at your experience level, strategy requirements or personal preferences can help create an optimal trading environment.

For example, some apps offer education that covers the essentials of forex trading for beginners. eToro excels here, with superb courses on the forex market, strategy guides and risk management.

Alternatively, Plus500 is one of the few forex day trading platforms with a mobile app to offer an unlimited demo mode, allowing you to continuously test strategies even after opening a live account.

Trading signals on IG app
IG App – Forex Signals
Client sentiment data on forex assets on CMC App
CMC App – Client Sentiment
Setting virtual balance to demo trade forex on Plus500 app
Plus500 App – Demo Trading

 

The CMC Markets app is also noteworthy for its well-presented data on client sentiment that displays interest in different currency assets, including in which direction, helping traders discover opportunities.

Finally, some apps, such as those from IG, provide live forex signals with trade suggestions. For example, buy the EUR/USD at X price and place a stop limit at Y. Forex signals can be provided free of charge or users may have to pay a small fee, though we’ve seen a lot of scams in this space so be wary when selecting a firm.

You can compare the value-add features at our top forex apps below.

Top #num# Forex Trading Apps - Value-Add Features
FOREX.com NinjaTrader eToro USA Interactive Brokers Pocket Option
Forex Education Yes Yes Yes Yes No
Demo Mode Yes Yes Yes Yes Yes
Forex VPS Yes No No No No
Forex Signals Yes No Yes
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Methodology

We identified the best forex day trading apps by leveraging our years of industry experience and extensive testing to identify the hallmarks of an excellent app for day trading currencies, outlined below.

Our testing methodology stands out by considering millions of ratings from traders on the Apple App Store and Google Play Store, offering a comprehensive evaluation of forex trading apps that combines the insights of our experts with those of fellow traders.

Our methodology for testing forex trading apps

FAQ

How Do Forex Day Trading Apps Work?

Forex trading apps allow you to speculate on currency pairs from your mobile or tablet device. They are specially designed to optimize the mobile trading experience, often integrating touch controls and with split-screen modes to let you observe two or more FX markets simultaneously.

The latest forex apps are also powered by the cloud, which helps you to access market data, analysis tools and price alerts wherever you are.

Can I Open A Forex Account From An App?

Yes, most forex trading apps allow you to open a live or demo account directly from within the application.

We’ve personally tested dozens of forex apps and most take less than 5 minutes to get started with by following the on-screen instructions.

Are Forex Day Trading Apps Free To Download?

Most forex trading apps can be downloaded free of charge, either through in-house applications from brokers or via supported third-party options like MetaTrader 4, MetaTrader 5, and TradingView.

Forex trading costs, however, whether via spreads or commissions, will be the same on mobile apps as they are on full online trading platforms.

What App Do Most Forex Day Traders Use?

There is no single app that every forex trader prefers. The choice will normally come down to a range of factors, such as costs, speed and reliability.

However, we’ve scoured the Apple App Store and Google Play Store to find the most popular forex apps based on downloads and several stand out: MetaTrader 4 (10+ million), MetaTrader 5 (10+ million), Trading212 (10+ million), Plus500 (10+ million).

What Are The Advantages Of Day Trading Forex From My Mobile?

Forex trading apps offer the convenience of managing trades, analyzing data, and accessing your account from anywhere, eliminating the need for a fixed office setup.

What Are The Risks Of Day Trading Forex From My Mobile?

Trading forex from your mobile has several drawbacks, notably the limited screen size can restrict your ability to monitor multiple charts and positions simultaneously, while distractions from notifications and social media can lead to errors.

We’ve also found that you may have to contend with slower execution speeds due to mobile network latency and app stability issues.

Article Sources

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