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The Top 10 Best Free Forex Trading Apps revealed. We have rated and reviewed the Best Free Forex Trading Apps available.
This is a complete listing of The 10 Best Free Forex Trading Apps. In this in-depth write-up you will learn:
and much, much more!
The term “Trading App” refers to the use of wireless technology in securities trading. A Trading App will allow traders to access trading platforms from their smart devices. This technology allows for easier access and portfolio management.
 Broker |  Trading App |  Suited to Beginners |  Spreads from |  Open an Account |
 XM |  MetaTrader5 |  Yes | 1.1 Pips |  Click Here |
 AvaTrade | AvaTradeGO | Yes | 0.1 Pips | Click Here |
 Saxo Bank | SaxoTraderGo | Yes | 0.7 Pips | Click Here |
 IG | IG App | Yes | 0.8 Pips | Click Here |
 CMC Markets | Next Generation | Yes | 0.7 Pips | Click Here |
| City Index | City Index Mobile | Yes | 0.0 Pips | Click Here |
 Forex.com | Forex.com Mobile | Yes | 1.5 Pips | Click Here |
| Oanda | Oanda FX Trade | Yes | 0.0 Pips | Click Here |
| ThinkMarkets | ThinkTrader | Yes | 0.0 Pips | Click Here |
| FXPro | MetaTrader4 | Yes | 1.27 Pips | Click Here |
Overall, XM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ trading instruments. XM is regulated by one tier-2 regulator and one tier-3 regulator. XM has a trust score of 96 out of 100.
| Broker | XM |
 Min. Deposit | $5 |
 Regulation | FSC / DFSA / CySEC / ASIC |
 Leverage | Up to 1:1000 |
 Trading Fee Class | No |
 Inactivity Fee | $5 |
 Withdrawal Fee | No |
 Demo Account | Yes |
| Open an Account | Click Here |
XM makes the popular MetaTrader suit – MetaTrader4 and MetaTrader5 available for PC/MAC, Smartphones, and, Tablets.
| Platform | MT5 | MT4 |
 Timeframes | 21 | 9 |
 Tech. Indicators | 38 | 30 |
 Analytical Objects | 44 | 31 |
| Economic Calendar | Yes | No |
| Platform Speed | 64 bit | 32 bit |
 Order Execution | Market Execution | Market Execution |
| Pending Order Types | 6 | 4 |
| Hedging | Yes | Yes |
| Strategy Tester | Multi Threaded | Single Thread |
| Pros | Cons |
| Low stock CFD withdrawal fees | Limited product portfolio |
| Fast account opening | Average forex fees |
| Great educational tools | No investor protection for non-EU clients |
AvaTrade is a pioneer in Forex offering access to tight spreads, No Commissions, Leverage of up to 400:1, and instant execution.
| Broker | AvaTrade |
 FSCA regulated | Yes |
| Bonus | Yes |
 Trust Score | 94% |
| Live support | 24/5 |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Trading Islamic Account | Yes |
| CFDs – Total Offered | 681 |
| Spreads | 0,9 pips |
| Withdrawal fee amount | Zero |
| Trading fees class | Very Low |
 Scalping Allowed | Yes |
| Open a account | Click Here |
The AvaTrade GO App comes fully stocked with intuitive management tools, clear charts, Zoom for details, and many more helpful features. Traders will have access to 250 instruments including the world’s top forex trading pairs, commodities stocks, cryptocurrencies, and more.
| Pros |  Cons |
| Wide range of CFDs assets to trade – 1000+ | No Stock |
| Worldwide regulated | Cryptocurrency deposit is not accepted |
| Award winner | Quarterly and annual inactivity fees |
| Multiple platform – MT4, MT5, etc | Costumer support is not available 24/7 |
| Negative balance protection | No bonus for EU based clients |
Overall, Saxo Bank can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Saxo Bank has an overall trust score of 80 out of 99. Offers traders 60,000+ instruments on selected accounts
| Broker | Saxo Bank |
 Min. Deposit | $2000 USD |
 Inactivity Fee | Yes |
| Demo Account | Yes |
| Regulation | FSA / FCA |
| Open an Account | Click Here |
The SaxoTraderGo Trading App offers traders a comprehensive range of trading and investing features with a user-friendly interface. Notable features include Fundamental trading tools, New, Expert research, and an extensive charting package. The SaxoTraderGo trading app is available for download on both the Google Play and Apple Store platforms.
| Pros | Cons |
| Great trading platform | High bond, options and futures fees |
| Excellent Research | High minimum deposit |
| Extensive product portfolio | Lacks Customer Support options |
Overall, IG can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs)
and low spreads on 70+ trading instruments. IG is regulated by two tier-1 regulators (highest trust)
and it has a trust score of 96 out of 100.
| Broker | IG Group |
| Trading Fee Class | High |
| Inactivity Fee | Yes |
| Minimum Deposit | $140 USD |
 Base currencies | 6 |
| Demo Accounts | Yes |
| Products Offered | ETF, Forex, Options |
| Open an Account | Click Here |
The IG Mobile trading platform allows users to trade wherever and whenever they want. The IG Mobile trading platform has full dealing functionality, comprehensive risk management, full-screen charts, direct alerts, and much more.
| Pros | Cons |
| Excellent Web-Trading Platform | High Forex and Stock CFD Fees |
| Excellent Educational Tools | Limited Product Portfolio |
| Great Deposit and Withdrawal options | Slow Customer Support |
Overall, CMC Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. It is regulated by five tier-1 regulators (high trust) and one tier-2 regulator (average trust). It has a trust score of 99 out of 100.
| Broker | CMC Markets |
| Min. Deposit | $10 USD |
 Inactivity Fee | Yes |
| Demo Account | Yes |
| Base Currency | 10 |
| Open an Account | Click Here |
The CMC Markets mobile app is an award-winning trading platform that offers users 12,000 markets at their fingertips. The CMC Markets mobile app also comes with Advanced order ticketing, mobile-optimized charting, 40+ technical indicators, drawing tools, instant notifications, and much more.
| Pros | Cons |
| Low forex fees | High stock CFD fees |
| Great mobile platforms | Only CFDs available |
| Advanced research tools | Customer support only 24/5 |
Overall, the City Index can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 1200+ trading instruments with a trust score of 94 out of 100. City Index is fully regulated by three tier-1 regulators (the highest trust score in the industry).
| Broker | City Index |
| Min. Deposit | $100 USD |
 Tradeable Symbols | 12000 |
 Tier-1 Licenses | 3 |
| Forex Pairs | 84 |
| Mobile Trading App | Yes |
 MT4 | Yes |
| Open an Account | Click Here |
The City Index Mobile Trading App offers users unlimited access to all City Index spread betting and CFD markets, flexibility, Live trading View Charts, Real-Time price alerts, and much more. The City Index Mobile App is available via PlayStore and Apple Apps for iOS and Android.
| Pros | Cons |
| Very Well-Regulated | No MetaTrader5 |
| Excellent Mobile App | High stock CFD fees |
Overall, Forex.com can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 5500+ tradable symbols. Forex.com is regulated by five tier-1 regulators (highest trust) and one tier-3 regulator. Forex.com has a trust score of 82 out of 100.
| Broker | Forex.com |
| Min. Deposit | $100 USD |
| Spreads from | 0.1 |
 Commissions | Yes |
 Forex Commission | $5 USD per round lot |
| CFDs/DMA Commission | $0.18 USD per share (US Stocks) |
| Inactivity Fee | $15 monthly after 12 months |
| Deposit Fee | Third-Party |
| Withdrawal Fee | Third-Party |
| Trading Platforms | MT4, MT5, Proprietary |
| Demo Account | Yes |
 Islamic Account | No |
| Open an Account | Click Here |
The Forex.com Mobile App allows users to manage their accounts and trade on the go with power and ease. The Forex.com Mobile App allows for Lightning-fast execution with access to advanced TradingView charting, analysis tools, Real-time trade, order alerts plus full account management features.
| Pros | Cons |
| Low Forex Fees | Limited to Forex and CFDs |
| Variety of Currency Pairs | High Stock CFD fees |
| Diverse technical tools | Not user friendly |
Overall, Oanda can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 100+ trading instruments with a trust score of 98 out of 100. Oanda is fully regulated by three tier-1 regulators (highest trust score in the industry)
| Broker | Oanda |
| Min. Deposit | $0 USD |
| Demo Account | Yes |
| Regulation | ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA |
| MetaTrader 4 | Yes |
 MetaTrader 5 | No |
| Mobile Apps | iOS, Android and Windows |
 Copy Trading | No |
 Social Trading | No |
| Islamic Account | No |
| Open an Account | Click Here |
The Oanda fxTrade App is designed to be user-friendly for professional and retail traders alike. The app is secure and super-responsive with a customizable Interface, Multi-Asset product suites, one-click trading, and much more.
| Pros | Cons |
| Excellent trading platforms | Only FX and CFD available |
| Great research tools | No stock exchange listing |
| User-friendly | Customer support is not 24/7 |
Overall, ThinkMarkets is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, superior service delivery, and helping investors reach their objectives. ThinkMarkets caters to all types of traders with different levels of experience.
| Broker | ThinkMarkets |
| Regulation | ASIC, FCA, FSCA, FSA, CySEC, JFSA |
| Minimum deposit | $0 USD |
 Demo account | Yes |
| Islamic account (swap-free) | Yes |
 Maximum leverage | 1:500 |
| Open an Account | Click Here |
ThinkTrader’s award-winning ThinkTrader mobile platform has 550,000+ downloads and 15,000 five-star reviews. The ThinkTrader app boasts powerful trading tools and unique functionalities.
| Pros | Cons |
| Narrow market spreads | No Cent Accounts |
| Minimum deposit of $0 USD | No Bonus |
| Highly Regulated | No Promotions |
Overall, FxPro can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 2100+ trading instruments with a trust score of 94 out of 100. FXPro is fully regulated by one tier-1 regulator (highest trust score in the industry).
| Broker | FXPro |
| Min Deposit | $100 USD |
| Max Leverage | 1:500 |
| Spreads from | 0.1 Pips |
| MetaTrader4 | Yes |
 MetaTrader5 | Yes |
| Demo Account | Yes |
| Islamic Account | Yes |
| Open an Account | Click Here |
FxPro makes multiple trading platforms available, including MetaTrader4, Metatrader5, and cTrader.
| Trading Platform | FxPro Platform | MetaTrader4 | MetaTrader5 | cTrader |
| EA Trading | No | Yes | Yes | Yes |
| Chart trading | Yes | Yes | Yes | Yes |
 Depth of Market | No | No | Yes | Yes |
| 1 click trading | Yes | Yes | Yes | Yes |
| Indicators | 50+ | 50+ / Custom | 35+ / Custom | 55+ / Custom |
| Pending order types | 4 | 4 | 6 | 6 |
| Trailing stop | No | Yes | Yes | Yes |
| Price alerts | Sound | Sound, email, notification | Sound, email, notification | N/A |
| Chart types | Line, Bar, candlesticks, Heiken Ashi, HLC & dots | Line, Bar, candlesticks | Line, Bar, candlesticks | Line, Bar, candlesticks & dots |
| Chart time frames | 15 | 9 | 21 | 26 |
| Trading Central Integration | No | Yes | Yes | Yes |
| Sentiment | Only for majors | No | No | Yes |
| Languages | 1 | 37 | 49 | 22 |
| Coding language | N/A | MQL4 | MQL5 | C# |
| Integrated Economic calendar | Yes | No | Yes | Yes |
| Detachable charts | Yes | No | Yes | Yes |
| Open an Account | Click Here | Click Here | Click Here | Click Here |
| Pros | Cons |
| Easy account opening | Only CFDs and forex |
| Great customer service | High trading fees |
| Free deposit and withdrawal | Inactivity fee |
Now it is your turn to participate:
Which Free Trading App from this list do you intend to test out?
What was the determining factor in your decision to engage with a particular broker?
Was it because of the Broker who offers the Free Trading App or the Pros and Cons?
Regardless, please share your thoughts in the comments below.
You might also like: Saxo Bank Review
You might also like: CMC Markets Review
You might also like: City Index Review
You might also like: FXPro Review
You might also like: ThinkMarkets Review
ThinkMarkets and the ThinkTrader app are favorite choices amongst traders.
No, although many brokers do make proprietary trading platforms and apps available, a large number of Brokers select to simply offer market-leading platforms such as MetaTrader4, MetaTrader5, or cTrader instead.
The term “Trading App” refers to the use of wireless technology in securities trading.
MetaTrader 4 (MT4) is the world’s most popular Forex trading platform available for download.
Most Forex trading apps will be made available for download on the Google Play Store or Apple App Store.
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