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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 2024 designed for Indian traders of all levels. This comprehensive list will help you better understand the top Forex apps and their features and help you find the right one for your trading style. From risk management tools to advanced analysis, you will find everything you need from these apps for Forex trading on the go.
60-90% 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.
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Broker | Overall Rating | Official Site | Min. Deposit | Regulators | Mobile App | Apple Score | Google Score | Compare |
|---|---|---|---|---|---|---|---|---|
 | USD 20 |    | MT5 App | |||||
 | USD 100 |      | AvatradeGo | |||||
 | USD 5 |   | XM App | |||||
 | USD 0 |    | HF App | |||||
 | USD 5 | | FBS App | |||||
 | USD 100 |  | Markets.com | |||||
 | USD 0 |  | xStation App | |||||
 | EUR 100 | | Skilling Trading App | |||||
 | USD 10 | | BD Swiss App |
Find Your Ideal Forex Broker
Traders looking for a feature-rich copy trading service available on a modern and easy-to-use trading app.
Octa has some of the lowest trading fees in the industry - down to 0.6 pips (EUR/USD) on an account with no commissions. Its OctaTrader app is intuitive and user-friendly, and traders can choose from a wide range of Master Traders to copy trade.
The range of financial instruments at Octa is limited compared to other similar brokers, with only 52 Forex pairs available to trade.
0.6 pips
USD 6
USD 20
Octa is a well-regulated broker with support for two major platforms (MT4 and MT5) and its own in-house OctaTrader platform, and is known for its range of bonus options. Octa also provides its own easy-to-use Octa Copytrading App for iOS and Android devices.
The Octa Copytrading app allows clients to choose from a list of Master Traders to compare their gain, number of followers, and commission amount and start copying their trades automatically. The app provides detailed statistics on trading performance: profit amounts, floating profit, equity, percentage gain, and a breakdown of investment success with every Master Trader. Importantly, users can also stop copying trades manually at any time. The app also has a range of bonuses and promotions, such as a 50% first deposit booster and prize draws.
Fast and free withdrawals
Low minimum deposit
Tight spreads
Limited range of assets
Poorly regulated
With a built-in tutorial and a well-designed and intuitive layout, AvatradeGO will appeal to beginners who find the MT4 and MT5 apps overwhelming and more complicated to use.
AvaProtect allows traders to purchase protection from losses for a limited time, where losses are fully refunded, but any gains are the traders to keep. It also has a Market Trends feature that allows traders to monitor social trends, see what other traders buy and sell, and stay on top of their trades.
AvatradeGO is a better-designed re-skin of the MT4 app but loses some of MT4’s functionality. While it looks better and is easier to use for beginners than MT4, more experienced traders may prefer to use the native MT4 app.
0.9 pips
USD 9
USD 100
With their award-winning mobile app, AvatradeGO, Avatrade stands out as our choice for the Most Innovative Forex Broker in 2023. In addition, Avatrade offers low trading costs, great trading tools, and a wide choice of trading platforms.
AvaTrade's flagship mobile app is called AvaTradeGo and has won many awards since its inception. AvaTradeGo provides a stable trading experience with an advanced dashboard, intuitive management tools, clear charts, zoom for details, and a Market Trends feature to monitor trading trends within the AvaTrade community. AvaTrade's fees are some of the lowest for an account with a 100 USD minimum deposit – as low as 0.9 pips on the EUR/USD. It is easy to use and set up, and beginner traders will easily find their way around the charts. Traders can choose from over 1,000 instruments to trade, including Forex pairs, Commodities, Stocks, Cryptocurrencies and more.
Top-tier regulation and security with licenses from ASIC and CBI among others
Accessible trading with a low minimum deposit of 100 USD
Award-winning mobile trading with the AvaTradeGO app with social trading features
Wide range of assets including unique instruments like vanilla options
Educational material to support trader development and strategy enhancement
Market analysis could be more extensive
Avatrade is a Market Maker and operate a dealing desk which might not align with all trading preferences
With its fast execution, XM’s trading apps are perfect for scalping, day trading, and any tactics that involve buying and selling securities within a short time frame.
XM is a well-regulated broker supporting MT4 and MT5 native XM apps. The minimum deposit for all accounts is only 5 USD, and its trading costs are low too.
XM’s commission-free accounts offer wide spreads in comparison to competitors, which can affect your profitability.
0.6 pips
USD 6
USD 5
XM, one of our top all-around brokers, distinguishes itself with its exceptional and well-structured Forex education for traders of all experience leves and is the recipient of the Best Forex Education Award 2023.
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 offers tight spreads, with the EUR/USD starting at 1.6 pips on the Micro and Standard Account. The XM Zero Account has spreads down to 0.1 pips with a commission of 7 USD round trip. For beginners, 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.
Well regulated
Excellent education
Free deposits and withdrawals
Limited platform choice
FxScouts uses a hands-on approach, combining detailed and systematic evaluation with expert analysis and practical testing to review each broker thoroughly.
When comparing the best Forex Trading Apps, we:
Here’s a look at what you need to know about Forex trading apps, what to look for and how to get started.
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.
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.
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:
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.
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.
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.
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.
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.
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.
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.
While trading apps have advantages, such as responding immediately to market movements, there are also disadvantages, such as the risk of overtrading and trading while distracted. Tune in to our recent podcast episode to find out more:
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.
Explore more resources that fellow traders find helpful! Check out these other guides to enhance your forex trading knowledge and skills. Whether you’re searching for the best brokers, educational material, or something more specific, we’ve got you covered:
Discover the top Forex brokers for Indian traders. Compare top platforms, fees and features to make an informed trading choice.
Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated.
Good Forex brokers for beginners will help their clients get started. These are the best Forex brokers for beginners for 2024.
60-90% 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.
Head of Content
Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.
Senior Financial Writer
Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Financial Writer
Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
Editor
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