Whether you’re new to forex trading or you’re an expert, you’re bound to need a good app to help you get the most out of your trades. Fortunately, there are several different apps on the market that can do the job.
TD Ameritrade offers a high-powered trading platform named Thinkorswim. This software offers commission free trades on Forex and Futures. It is considered one of the most feature-packed trading terminals available. Traders can also access market data, research, video news, and live webinars.
Whether you’re an experienced investor or an amateur, Thinkorswim has the tools you need to build your own custom trading screens. The platform allows you to overlay hundreds of technical indicators. It has built-in tools for identifying candlestick patterns and sentiment analysis. It also comes with dozens of predefined watchlists.
While the platform is highly advanced, it does require a little knowledge to get the most out of it. This means that most first-time investors might be better off sticking with a different platform.
Founded in 2006, AvaTrade is a forex trading app that offers an impressive list of trading instruments and CFDs. AvaTrade also provides a solid education platform. Traders can choose from an extensive list of educational material, including easy-to-understand guides, market terms, and forex basics.
AvaTrade has offices in Paris, Tokyo, and Milan. It accepts clients in more than 150 countries, with the exception of the U.S. Its pricing schedule is confusing. The minimum advertised spreads are in line with industry averages.
Those who are looking to trade only FX options should find AvaTrade too risky. The broker does not offer guaranteed stop loss orders. It also does not offer an account type for investment funds. AvaTrade requires a minimum deposit of $100 for most standard accounts.
IG is one of the biggest brands in the Forex industry. It is a publicly listed company that has been around for over 40 years. It is the largest CFD and stocks broker in the world and has won many awards. Its forex trading app is a good example of the quality of service it provides.
The app is easy to use and offers a wealth of features. It has more than 30 charting indicators and drawing tools, and it integrates economic events into its charts. It also has an impressive selection of trade options.
IG has more than 17,000 instruments, including over 90 currency pairs, ETFs, and stocks. It has a hybrid trading platform, and it is available on desktop and mobile. It has over 300,000 clients worldwide.
Whether you’re a beginner or a seasoned trader, FXCM has an account that will meet your needs. It’s a broker that offers several types of accounts, including the standard and the active trader account. You’ll also find a wide range of trading tools and instruments, which is a plus.
It’s also worth noting that FXCM has a demo account. This allows you to trade in virtual money and see how the trading platform actually works. However, you must register for a user account first, so be sure to fill out the short application form.
The site claims to offer innovative trading tools, such as a video library, an economic calendar, a live chat feature, a YouTube channel, and more. It’s also got a large collection of free educational content.
Traders can now trade currencies from anywhere, anytime using the Trade Interceptor app. This is a free application that is compatible with iPhone, iPad, and iPod touch. It offers advanced forex trading features and access to leading FX brokers.
The Trade Interceptor interface provides users with real-time market news and live streaming price charts. In addition to this, it features over 80 technical indicators and a chart order management tool. Moreover, users can backtest their trading strategies. The app allows them to set alerts for specific prices.
Traders can use the app to trade forex, commodities, and binary options. They can also fund their accounts with easy-to-use payment methods.
Traders seeking an online Forex trading app should consider Plus500. It’s not only a reputable company in the industry, but its platform is simple to use.
The Plus500 web trading platform has a minimalist design that makes it easy to navigate. Users can access market insights, receive alerts, and make trades. It also provides an economic calendar and enhanced charts. A search module and a conditional order feature are also available.
Plus500 offers more than 2,000 instruments. Traders can buy and sell nearly all types of indices and fiat currency pairs. It’s also possible to buy and sell cryptocurrencies.
Plus500’s proprietary WebTrader is intuitive, but it lacks some of the advanced features offered by other platforms. For example, it doesn’t allow users to manage third-party funds. The site also lacks a phone number for customer support.