Forex Trading Mobile Apps
In today's world of smartphones and tablets, advancements in technology mean that you can now trade whilst on the move. Let's face it we no longer have the time or the need to sit behind a computer screen all day every day. In order to ensure that they remain competitive Forex trading apps and websites have to offer a good mobile experience to traders.
Many people use mobile websites to trade Forex whilst some prefer an app. Using Chrome or Safari from a mobile device is pretty commonplace now but an app gives you the edge with its easy access and alerts. How do you know which Forex brokers offer a good mobile trading experience without visiting all of them and how do you know which is the best one for you?
We spend our time vetting, testing and trading with the numerous Forex brokers available to ensure that we present you with the best. Whether or not a Forex broker has a good mobile website or an app is one of the key factors we consider when conducting our research. By reading our broker reviews you can decide for yourself.
Looking for a Forex app that best suits your requirements? In this guide we examine:
- Why it is important to be able to trade on-the-move from a mobile device
- The different types of app that exist in the world of online Forex trading
- Top trading tips to help you maximise your mobile trading experience and results
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Why Trade on a Mobile
For many of you the answer to this will be quite straightforward. If you are constantly on the move and never in one place for long, then trading from a laptop or PC is going to be a bit of a bind. It is much more effective to be able to pick up your phone or tablet, wherever you are and place your trades. In addition to this there are a number of other reasons why trading on a mobile is the preferred option:
Trade From Any Location
As long as you have access to the internet then you can trade using a mobile device. Whether it be a mobile smart phone or a tablet, you can simply pick it up and start trading. This means that if you are on holiday or working away, or even if you fancy a day on the golf course, you can always trade when you want or need to. With Wi-Fi on aircraft now you can even trade on long haul flights! Imaging making money when 1,000s feet up in the air!
React to Market News
If something happens and you aren't in front of a computer you will be glad to be able to pick up a mobile and place your trades. The beauty of trading on the move is that you can react quickly to trends and news wherever you are without missing out on opportunities that are just too good to miss.
Get Instant Notifications
If you decide to download an app (if your broker offers one) then you can instantly get notifications. The little red circle in the top right of the app icon will tell you if you have notifications and how many you have. If you were trading using the web based platform you would have to log in or rely on emails.
The world is shrinking and as long as you have the technology to do so you can do everything you need wherever you are. So, when looking for a broker you need to ensure that they give you the mobile experience that you need for the type of device that you are using.
Different Types of Apps
There are many different apps and types of app available. The most up to date, sophisticated ones will be available for all types of phone whether they are iOS or Android, smart phone or tablet. The more advanced ones will even have an iWatch app. Of course an app will need access to the internet. If you are using a phone or tablet that doesn't have 3G or 4G enabled then you will have to ensure that you have access to Wi-Fi, for those who do have 3G/4G access you can trade anywhere.
The apps allow you to trade in real time featuring the same benefits as their website versions. This includes educational tools and access to analytical data. If an app is available for the broker you will generally be presented with it as an option when you visit the website in chrome or safari for mobile. The beauty of an app is that you don't have to log in each time you go back to your phone which is often the case with the internet. You can also create alerts and notifications so that you can see when there are messages or relevant news like a price being reached.
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Mobile App Trading Tips
It can be a different experience using an app when you might not be used to it. If you have always used a laptop or desktop PC, mobile trading can take some getting used to. Therefore you need to choose wisely when making your decision. You may want to consider the following advice when choosing a Forex mobile trading app:
If you are new to Forex trading apps then it is important that you use it to your full advantage. From education tools and analysis to alerts and customisation there is so much to familiarise yourself with. Make the app work for you and use all of the features available. If you use the app to its fullest potential it can offer you so much more to your Forex trading.
We Show You The Top Apps
Of course with so many to choose from where do you begin? First of all if you find an app that you like the look of how do you know that it is a reliable and trustworthy broker. There is a lot of research to do but that is where we can help. The idea is that we have done the hard work so that you don't have to. Trawling through making a list of brokers that are reliable, safe, established, licensed, mobile friendly and that offer all of the trading tools that you need is a hard task.
Then, once you have a shortlist of brokers, finding those that offer the best apps is another workload for you. By browsing our list of recommended brokers you can skip all of this. We have done that bit already. Our experienced and skilled team of successful traders and analysts spend their time trading on all of the different Forex platforms to ensure that they find the best brokers. We then present them in a comprehensive format listing all of the key features and how they score.
If you want a reliable broker that offers a mobile app and a no deposit welcome bonus for example you only have to look down our list to find those that offer just that. Once you have made your selection you can then visit a few of the platforms to decide which the preferred choice to you is. We take the hard part out of of the equation by finding you the best broker.
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Frequently Asked Questions
Do mobile apps have less trading features?
No, in fact sometimes you can get so much more from trading on an app. Not only can you trade on the go but you can also create alerts and customise the trading platform to suit you. It is safe to say that whilst some perhaps don't offer as much as their website the most technologically advanced ones most certainly do. Look for those that offer alerts, education tools, analysis and the complete trading experience.
Are the same bonuses offered to mobile users?
Yes, there would be no point in a broker only offering a bonus to a desktop user given that so many traders use their mobile device for trading. In fact some brokers offer a mobile verification process that is set up to deliver an SMS code for you to verify and collect your bonus. Many of the brokers do not distinguish between mobile and the actual website when they state their bonuses.
How can I find the best mobile friendly sites?
By using our reviews and recommendations we can present you with a choice of the best Forex brokers. Alternatively simply visit the website on your mobile or search in the App Store or Google Play to see what their mobile offering is. If the website needs to be pinched and squeezed in order to be able to read the info and it doesn't all fit on a screen then you safely say it is not mobile friendly.
Can I trade all asset types on my mobile?
With most Forex brokers you can only trade in currency pairs as this is what they offer. Some Forex brokers offer in excess of 300 currency pairs whilst some will only offer the major pairs. If you want to know how many pairs they offer on the app and if this differs from the mobile version of the website then you will need to check before you sign up. They usually clearly state their offering.
Are my personal details safe using an app?
Your personal details are input by you when you sign up to the app. Unless your phone falls in to the wrong hands and is not password or fingerprint protected then your details should be safe. Only if you leave your phone open will someone be able to access your details. An app is as secure as any of the other methods of trading. The main difference is that you remain logged into the app on your device whereas the website versions tend to log you out after a period of inactivity.