Top Forex Trading Apps To Download in 2021
If you are into trading, then you need a reliable forex trading app to help you trade from anywhere, anytime. Trading apps have become increasingly popular in recent years due to their convenience and ease of use. With so many options out there, it can be overwhelming to choose the right app that suits your trading needs. This article highlights the top forex trading apps to download in 2021 and what makes them stand out.
1. MetaTrader 4
MetaTrader 4, also known as MT4, is a popular forex trading app that has been around for over a decade. It is widely regarded as one of the best forex trading apps due to its extensive features and user-friendly interface. Some of its features include real-time quotes, trading charts, and indicators, automated trading, and backtesting.
Why choose MetaTrader 4?
MetaTrader 4 is suitable for both novice and experienced traders. It offers hundreds of indicators, trading tools, and customizable charts to help you analyze the market and make informed trading decisions. Additionally, you can download MetaTrader 4 from most brokers worldwide, making it easily accessible and convenient.
2. MetaTrader 5
MetaTrader 5, also known as MT5, is an advanced version of MetaTrader 4, with additional features and tools. It was designed to improve the trading experience and meet the requirements of modern traders. Some of its features include advanced trading charts, real-time market depth, and algorithmic trading.
Why choose MetaTrader 5?
MetaTrader 5 offers superior charting tools, including up to 21 different timeframes and over 80 technical indicators. It also has a built-in economic calendar, making it easy to keep up with market news and events. Additionally, MetaTrader 5 allows you to create custom indicators and trading robots, making it suitable for advanced traders who prefer algorithmic trading.
3. cTrader
cTrader is an online trading platform designed by Spotware, a Cyprus-based technology provider. It is known for its advanced trading tools, customization options, and intuitive interface. Some of its features include multiple chart types, advanced order types, and trading robots.
Why choose cTrader?
cTrader is ideal for traders who want advanced charting tools and customizable indicators. It offers over 70 chart indicators and 26 timeframes, making it suitable for traders who prefer visual data analysis. Additionally, cTrader's algorithmic trading options allow traders to create their own trading robots or use pre-built ones. cTrader can be used on multiple devices, including desktop, web, and mobile apps.
4. IQ Option
IQ Option is a popular trading app that offers a range of financial instruments, including forex, stocks, and commodities. It is known for its user-friendly interface, low minimum deposits, and free demo account. Some of its features include market analysis, trading signals, and custom indicators.
Why choose IQ Option?
IQ Option offers an easy-to-use trading app with a wide range of financial instruments. It is ideal for beginner traders who are looking for low minimum deposits and a free demo account to practice. Additionally, its built-in market analysis tools and trading signals help traders stay up-to-date on market news and identify profitable trading opportunities.
5. Trading212
Trading212 is a UK-based trading app that offers commission-free trading on a range of financial instruments, including forex, stocks, and cryptocurrencies. It is known for its low-cost and user-friendly interface. Some of its features include real-time market data, custom indicators, and negative balance protection.
Why choose Trading212?
Trading212 offers a commission-free trading model, making it ideal for traders who want to keep transaction costs low. Its user-friendly interface and custom indicators make it easy to analyze the market and identify the best trading opportunities. Additionally, Trading212 offers a negative balance protection feature, protecting traders from negative account balances.
6. eToro
eToro is a social trading platform that allows traders to copy the trades of successful traders. It offers a range of financial instruments, including forex, stocks, and cryptocurrencies. It is known for its user-friendly interface, social networking features, and real-time market data.
Why choose eToro?
eToro is ideal for traders who want to copy the trades of successful traders and learn from their experience. Its social networking features allow traders to connect with other traders, exchange ideas and strategies, and follow their trades. Additionally, eToro's user-friendly interface and real-time market data make it easy to analyze the market and execute profitable trades.
7. Robinhood
Robinhood is a commission-free trading app that allows users to trade stocks, options, and cryptocurrencies. It is known for its simplicity, low minimum deposits, and no account minimums. Some of its features include real-time market data, investment news, and customized notifications.
Why choose Robinhood?
Robinhood is ideal for traders who want to trade stocks, options, and cryptocurrencies without transaction costs. It is also suitable for new traders with its user-friendly interface and no account minimums. Additionally, Robinhood's customized notifications and investment news help traders stay informed and up-to-date on market news.
Conclusion
To sum up, forex trading apps have become an essential tool for traders who want to trade from anywhere, anytime. The above-listed forex trading apps, including MetaTrader 4, MetaTrader 5, cTrader, IQ Option, Trading212, eToro, and Robinhood, stand out for their extensive features, user-friendly interface, and accessibility. When choosing a forex trading app, consider your trading needs and preferences and choose an app that suits them. Download any of these forex trading apps today, and take control of your trading journey!