75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

AuthorBy Chris Cammack
Updated: February 28, 2023

Having a reliable Forex trading app is important for all Forex traders. Whether you’re a beginner or a professional, being able to check market data and adjust trades on your phone is an essential part of your trading day.

These are the best Forex trading apps of 2023 designed for British traders of all levels. With this comprehensive list, you’ll gain a better understanding of the top Forex apps and their features, helping you find the right one to your fit your trading style. From risk-managements tools to advanced analysis, you will find everything you need from these apps for Forex trading on the go.

These are the best Forex trading apps in the UK for 2023.

  • Pepperstone - Best Trading Platforms
  • XM - $5 Deposit, Fast Execution, MT4 and MT5 Apps
  • XTB - Best Regulated Forex Broker
  • Tickmill - Best Trading Platforms
  • AvaTrade - Intuitive App, Native Risk Management
  • easyMarkets - Best Education and Tools

Best Forex trading apps for 2023

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Broker
Overall Rating
Official Site
Min. Deposit
Regulators
Mobile App
Apple Score
Google Score
Analytical Tools
Forex Calendar
Forex Analysis News Feed
Watch List
Alerts
Cross Device Syncing
Charting - Draw Trendlines
Charting - Drawings Autosave
Charting - Indicators / Studies
Charting - Multiple Time Frames
Charting - Trendlines Moveable
Compare
Pepperstone
4.61 /5
Read Review
Visit Broker >
75.8% of retail CFD accounts lose money
GBP 0
FCA
ASIC
CySEC
MT5 App
1110.503.9/ 5
11110.54.4/ 5
XM
4.35 /5
Read Review
Visit Broker >
74.07% of retail CFD accounts lose money
GBP 5
CySEC
ASIC
FCA
IFSC
XM App
1110.503.0/ 5
1110.503.7/ 5
XTB
4.29 /5
Read Review
Visit Broker >
82% of retail CFD accounts lose money
GBP 0
CySEC
FCA
DFSA
IFSC
KNF
xStation App
11110.54.7/ 5
11110.54.6/ 5
Tickmill
4.48 /5
Read Review
Visit Broker >
75% of retail CFD accounts lose money
GBP 100
CySEC
FCA
LFSA
FSCA
FSA-Seychelles
MT5 App
111110.55.0/ 5
11110.54.4/ 5
AvaTrade
4.49 /5
Read Review
Visit Broker >
71% of retail CFD accounts lose money
GBP 100
ASIC
FSCA
B.V.I FSC
FSA-Japan
CBI
FRSA
AvatradeGo
11110.54.3/ 5
11110.54.2/ 5
easyMarkets
3.92 /5
Read Review
Visit Broker >
74% of retail CFD accounts lose money
GBP 25
CySEC
ASIC
FSA-Seychelles
B.V.I FSC
easyMarkets App
11110.54.6/ 5
1110.503.0/ 5
Infinox
4.03 /5
Read Review
Visit Broker >
83.14% of retail CFD accounts lose money
GBP 1
SCB
FCA
FSC
FSCA
INFINOX App
111110.55.0/ 5
11110.54.0/ 5

What is a Forex trading app?

A Forex trading app is an application you can download to your phone or tablet that allows you to trade Forex and other financial instruments. Forex trading apps are usually offered free by Forex brokers. Some apps are proprietary, which means they are developed in-house by a broker. But many popular apps are developed by third-party companies. Proprietary Forex trading apps are usually easier to set up and use by beginners. 

Forex trading apps will let you open a demo or trading account with the broker, buy and sell instruments, deposit and withdraw funds from your broker, provide real-time market data, display news and analysis, and provide price alerts and other tools to manage your risk.

What is the difference between a Forex trading app and a Forex trading platform?

Forex trading apps are available on mobile devices, while Forex trading platforms run on desktop computers. Otherwise, they perform the same function. Both allow you to trade on financial markets and will connect to your broker’s trading system. Desktop trading platforms tend to have more features and tools than trading apps and are favoured by experienced traders who require more in-depth technical analysis and advanced order types.


Best Forex Trading App Reviews 2023

To test these mobile apps, we downloaded and installed them on Android and iOS devices and connected our live trading accounts. While trading on the mobile apps, we tested the platform’s stability and execution speed. We also compared their fees and checked how easy it was to deposit and withdraw money from our trading account. We only work with well-regulated brokers with a good reputation for treating their clients fairly. Want to know more about our in-depth review process? Click here to find out.

These are the best Forex Trading Apps in the UK for 2023, as determined by our comprehensive review process.


Pepperstone – Best Trading Platforms

Pepperstone is an Australian ECN broker known for tight spreads, ultra-fast trade execution, full support for all major platforms; MT4, MT5 and cTrader – and downloadable apps for iOS and Android for all three. The mobile versions of all platforms are freely available and natively designed for Android and iOS on tablets and mobile phones.

Most trades on Pepperstone have execution in less than 30ms, which is ideal for scalpers and clients who run expert advisors. Pepperstone offers two market execution accounts with some of the tightest spreads in the industry – the Razor Account has spreads down to 0.24 pips* for the EUR/USD and a 7 USD commission. Spreads on mobile applications are identical to their desktop counterparts. 

*spreads correct as of 09:00 GMT on 20/12/2022

Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Limited market analysis
AlertAccepts UK Clients. Average spread EUR/USD 0.60 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA. 75.8% of traders lose money with this provider.

XM – $5 Deposit, Fast Execution, MT4 and MT5 Apps

XM is a well-regulated broker supporting MT4 and MT5 native XM apps with three account types: A Micro Account, Standard Account and a commission-based XM Zero Account with super-tight spreads. Each account has a minimum deposit of only 5 USD/GBP, and each account offers tight spreads, with the EUR/USD starting at 1.6 pips on the Micro and Standard Accounts. The XM Zero Account has spreads down to 0.1 pips with a commission of 7 USD round turn.

For beginners, XM’s education and research are some of the best globally. Well-known for its execution speed, over 99% of trades are executed in less than a second with a 100% execution rate and no re-requotes or rejections of orders.

Pros
  • Well regulated
  • Excellent education
  • Free deposits and withdrawals
Cons
  • Dealing desk
  • Wide spreads on its entry-level accounts
AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC. 74.07% of traders lose money with this provider.

XTB – Best Regulated Forex App

The award-winning xStation trading app XTB has successfully incorporated many of its desktop xStation platform features, which offers traders access to over 4211 CFDs. With a smooth and intuitive design, the transparent charts allow clients to track market movements accurately.

Mobile traders can access XTB’s award-winning market analysis and market sentiment from inside the app. Analysis can be filter the instrument classes and set favourites. The xStation app’s layout is fully customisable, and traders can even choose between light and dark mode, saving battery and keeping clarity.

Pros
  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners
Cons
  • Limited platform choice
AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. xStation5 platform supported. XTB Group is regulated by CySEC, DFSA, FCA and the IFSC. 82% of traders lose money with this provider.

AvaTrade – Intuitive App, Native Risk Management

AvaTrade’s flagship mobile app is called AvaTradeGo and was voted the Best Forex Trading App in 2020 at the Global Forex Awards. AvaTradeGo provides a stable trading experience with an advanced dashboard, with intuitive management tools, clear charts, zoom for details, and a Market Trends feature to monitor trading trends within the AvaTrade community.

AvaTrade’s newest risk management tool, AvaProtect, is available on AvaTradeGo. AvaProtect allows traders to purchase loss protection, which acts as trade insurance for a time. Any losses during that time are fully refunded, but any gains are for the traders to keep.

Pros
  • Good for beginners
  • Well regulated
  • Low minimum deposit
Cons
  • Dealing desk
  • Limited market analysis
AlertAccepts UK Clients. Average spread EUR/USD 0.90 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA. 71% of traders lose money with this provider.

EasyMarkets – Best Education and Tools

Trading App: easyMarkets states its values as simple, honest, and transparent and the easyMarkets trading app is just that, creating a platform that is modern, simple, and accessible for beginner traders. The easyMarkets trading app is designed for new traders and features an extensive list of tools offered by easyMarkets.

Innovative Tools: Tools offered are the unique Freeze Rate and dealCancellation and tools intended to help new traders manage their risk. Freeze Rate allows traders to freeze a price for a few seconds in a volatile market, while dealCancellation lets traders cancel a trade either one, three or even six hours after the trader opened it.

Pros
  • Well regulated
  • Wide range of assets
  • Innovative trading tools
Cons
  • Limited platform choice
  • Limited account options
AlertAccepts UK Clients. Average spread EUR/USD 1.80 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, and the in-house easyMarkets platform are supported. easyMarkets is regulated by CySEC, ASIC, the BVI FSC, and the FSA in Seychelles. 74% of traders lose money with this provider.

How to Choose a Forex Trading App

With the right Forex trading app, you can stay up to date with the latest market news, access charts, conduct technical analysis, and carry out trades all from the convenience of your smartphone or tablet. But with so many apps out there, how do you choose the best Forex trading app for you? Here are a few important things to consider:

  1. Regulation and Security: Ensure you choose an app from a well-regulated Forex broker with a good reputation. Well-regulated provide secure trading environments and are transparent about their fees, commissions, and risk management policies.
  2. Fees: This includes any commission charges, spreads, or other costs associated with using the app, such as rollover fees and deposit and withdrawal fees. Always make sure you understand your broker’s fee structure before starting trading.
  3. User-Friendly: You don’t want an app that’s too complicated and difficult to use. Look for an app that is user-friendly with an intuitive design that provides a streamlined trading experience. Many good brokers provide tutorial walk-throughs of their apps to help you get on your feet. 
  4. Trading Execution: Your app should be fast and reliable, meaning orders can be placed, closed and managed almost instantly. Apps with poor trade execution can greatly increase risk and may lead to higher losses. 
  5. Tools and Features: Ensure the app has the tools to maximise your trading opportunities. Does it offer real-time market data? Does it have advanced charting capabilities? Does it offer automated trading? Can you conduct technical analysis? Can you set automated price alerts? Knowing the features you want will help you narrow down your choice of app.
  6. Demo Accounts: Choose an app with a free demo account that allows you to test out its features and see whether it meets your trading needs. You can also test out your trading strategies in real market conditions before using real money.
  7. Financial Instruments: Many brokers only allow traders to trade on a portion of the instruments available on the desktop and browser versions of the platform. Consider whether the instruments you prefer trading are available on the app.

What is the best Forex trading App?

It’s impossible to say which trading app is best as traders have different priorities, but AvaTrade’s trading app, AvaTradeGo, provides a smooth trading experience with a sophisticated dashboard, complete with a set of intuitive risk-management tools, clear charts, zoom for details, and many more helpful features unique to this app.

Which is the Best Forex Trading App for Beginners?

The best trading apps for beginners are easy to set up and use and have built-in educational resources. In our testing, we found that the Skilling Trader App has many helpful features for beginners. Not only is it easy to use, but it also includes a Trading Assistant that walks you through the app features. Traders can easily transfer, withdraw and deposit funds, search for instruments, create watchlists, and all of Skilling’s educational materials and market news are available on the app. 

Are Trading Apps Safe?

All Forex and CFD trading comes with a high degree of risk of losing all the money in your trading account. In terms of app security, as long as you download an app from a well-regulated broker and protect your trading account with a strong password and two-factor authentication, your Forex trading app should be secure from hackers.

What are the Pros and Cons of using a Trading App?

While there are a few advantages to using trading apps, such as being able to respond immediately to market movements wherever you are, there are also disadvantages to be aware of, such as the risk of overtrading and trading while distracted.

Pros:

  • Immediately Responding to Price Changes: Trading apps allow you to respond to market movements in an instant. Rather than having to wait until you are at your PC to take advantage of price movements, you can open or close an order immediately with a tap of your screen.
  • Convenience: Before smartphone trading apps, it was a huge risk to leave your desk with an open trading position. But now, all aspects of Forex trading can be achieved via a trading app. Most apps will allow you to open and close positions, analyse the market and keep abreast of breaking news.

Cons:

  • Distraction: Mobile devices are designed to be with you when you are doing other things. But trading while you are doing other tasks is not encouraged. If you are trading on a mobile device, make sure you have taken the time and space to judge your trading decisions.
  • Overtrading: Often, the best move when trading is to do nothing. But with the convenience of a mobile trading app, you may be tempted to trade too often, or in a way you would not usually do.
  • Execution Speed: With 5G or Wi-Fi, execution speeds on mobile trading apps are generally good, but if your signal drops out, any kind of precision trading will be at risk. Mobile networks are getting faster all the time, but there will always be a delay relative to a desktop trading environment.
  • Screen Size and Chart Limitations: Professional traders use two monitors with multiple charts and often hold numerous open trades. You cannot do this on a small mobile screen without the risk of missing important details. Mobile traders should try to limit the number of open trades and be aware of the charting limitations on their trading app.

Does MetaTrader have an App?

Yes, both MetaTrader 4 and MetaTrader 5 are available as trading apps for Android devices from the Google Play store. Apple removed the MetaTrader apps from its App Store in September 2022 following claims of misuse

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

Our Methodology

Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, and websites and by sifting through the fine print. Learn more about how we rank brokers

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