Page Summary
The best forex trading apps are IQ Option, eToro, AVATrade, ForexTime FXTM, ThinkTrader, Stock Trainer, MetaTrader, and TD Ameritrade. These apps improve trading performance and are accessible on mobile devices.
Forex is the largest financial market, generating a trading volume of $5.3 trillion. It is an impressive investment opportunity for experienced traders. You’ll need a reliable app to achieve the best results.
This article breaks down the best forex trading apps for UAE traders.
The Best Forex Trading Apps 2023
- IQ Option – offers the best app for both experienced and inexperienced traders
- Interactive Brokers – has the best overall offer
- eToro – offers the best technical analysis and social trading tools
- AVAtrade – offers the best app for professional forex traders
- FXTM – is a highly regulated forex trading automation app
- ThinkMarkets – is a professional app with advanced forex trading tools
- TD Ameritrade – offers the best trading platform for beginner forex traders
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | IQ Option | Best app | 3,3/5 | Options, stocks, forex and crypto | Official website |
| #2 | Interactive Brokers | Best overall offer | 4,9/5 | zero-commission trades & trading tools | Official website |
| #3 | eToro | Best for copy trading | 4,9/5 | Social Trading | Official website |
| #4 | AVAtrade | Best web trading platform | 4,9/5 | Low spreads | Official website |
| #5 | FXTM | Best app | 3,8/5 | Automated tools for professional traders | Official website |
| #6 | ThinkMarkets | Lowest trading fees | 0,0/5 | Low fees | Official website |
| #7 | TD Ameritrade | ease to use, educational and research tools | 4,1/5 | Excellent for beginners | Official website |
Top 9 Forex Trading Apps In Overview:
1. IQ Option – Best App For All Levels Of Forex Trading Experience
Min Deposit: $10
Fees: 3.3
Assets available: 2.0
Total Fees:
IQ Option Forex offers a smooth trading experience. It is an excellent choice for traders of all levels of experience because of its robust features and advanced functionality. It offers a reliable news feed with trading ideas and market commentary.
IQ Option has a proprietary platform available in several languages, including English, Thai, Chinese and Italian. It offers access to trading signals, hedging, and market analysis. Beginners will discover it is easy to understand and navigate. This forex app offers access to several resources and trading solutions.
“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
2. Interactive Brokers – Best Overall Offer
Min Deposit: 0 ($2000 for margin account)
Fees: 4.9
Assets available: 4.9
Total Fees:
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero-commission trades, trading tools, and market-leading pricing. The firm connects to all global electronic exchanges making futures trading, equities, and options easy and straightforward from their desktop, Web, and mobile platforms.
Interactive Brokers is ideal for casual investors and advanced traders. Advanced traders pay the lowest margin and commission rates. Their proprietary Traders Workstation (TWS) platform provides an easy and intuitive trading process. They invest in retail products, developing the beginner-friendly ‘Client Portal.’
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
3. eToro – Best Technical Analysis And Social Trading Tools
Min Deposit: $200
Fees: 4.8
Assets available: 4.8
Total Fees:
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
eToro is the leading social trading company with premium forex trading services. It is a well-established and licensed broker for professional traders. It offers three proprietary platforms, the MetaTrader suite, ZuluTrade and DupliTrade.
With the help of the demo account, new traders learn about virtual trading and copy trading techniques. eToro has an excellent social trading platform. It helps traders uncover the best forex trading strategies by following experienced traders.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
4. AVAtrade – Best App For Professional Forex Traders
Min Deposit: $100
Fees: 4.9
Assets available: 4.9
Total Fees: 0.9 pip
AVATrade is a popular broker with competitive spreads and different tradable instruments. It is a good choice for professional forex traders due to its reliability and functionality.
It offers reliable forex education tools and a wide range of trading instruments.
This broker has a dedicated educational and research site. It helps new investors discover valuable information on market data and trading strategies.
71% of retail CFD accounts lose money
5. FXTM – Best App For Forex Trading Automation
Min Deposit: $200
Fees: 3.5
Assets available: 2.7
Total Fees:
ForexTime FXTM is the most widely used forex trading platform in the world. It is safe, flexible, and available on iOS, Mac, Android, and Windows devices. It is one of the best mobile trading apps because of its user-friendly interface.
It offers access to automated tools for professional traders. These come with rapid execution rates and increased profitability. ForexTime FXTM is a good choice for traders aiming to specialize in forex trading. It has several educational and research tools.
80% of retail CFD accounts lose money
6. ThinkMarkets – Best For Advanced Forex Trading Tools
ThinkMarkets has 160 analysis indicators and analysis tools. It stands out as the best app for professional traders due to the premium data offered.
This app has built-in trading tools, including a risk scanner, trading simulator, and intelligence reports.
7. TD Ameritrade – Best Platform For Beginner Forex Traders
TD Ameritrade is an excellent online broker for beginners. Its massive trading platform offers reliable learning tools. It has the best combination of ease to use, educational and research tools for new investors. It comes with powerful market data and portfolio-building guidance.
This broker’s app is useful for inexperienced traders. It offers educational materials for forex trading. TD Ameritrade lets its traders trade almost any asset.
How To Get Started With Forex Trading
Forex trading is easily accessible on mobile devices. These apps allow inexperienced traders to learn how to trade forex with real-time market data. Opening and setting up a forex trading account is straightforward. All the apps listed above have a simple sign-up process for the best trading experience. Before you start with forex trading we recommend checking our forex trading strategies guide.
Online brokers offer forex trading apps for iOS and Android devices. These come with demo accounts to improve your trading knowledge before trading with real funds. There are many features in forex trading apps meant to help you get a better understanding. These offer daily analysis reports, forex trading signals, and copy trading platforms. Choosing the best forex trading app can help you achieve success and profit.
Final Verdict
IQ Option, eToro, AVATrade, ForexTime FXTM, ThinkTrader, Stock Trainer, MetaTrader, and TD Ameritrade are the best forex trading apps in 2023. IQ Option is our top choice because of its reliable instruments for both experienced and inexperienced traders. eToro is the leading social trading broker that can help experienced traders with excellent social trading tools. AVATrade stands out in our review because of its many learning tools.
Each forex trading app has its strengths and weaknesses. We recommend checking our list of the overall best forex brokers in UAE before opening an account. Choosing an app for your level of experience leads to excellent forex trading results.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.