Best Forex App in India List of Top 10 Forex Trading Apps

XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Trade a large suite of 2100 CFDs with ultra-fast execution speeds and 24-hour trading. You can build a diverse portfolio with access to forex, indices, commodities, cryptos, stocks and ETFs. The Watchlist feature lets traders track and analyze their current positions in currencies, commodities, stocks, mutual funds, and exchange-traded funds (ETFs) with charts and information summaries.

The forex trading app should have real-time and up-to-date information as this is of high importance in trading. This is mainly because a currency can have changing values within just seconds, and making decisions that are concise is critical. If you’re tempted to invest in the stock market and financial instruments, but don’t have the confidence to do so yet, then Stock Trainer by A-Life Software could be the forex trading platform you need.

Depends on your point of view, some say copy trading is good for beginners since you can simply copy other trades. No need to learn to trade yourself but be careful as a traders past performance does not mean their future performance will be any good. On the other hand, if you want to learn to trade, eToro are not the best choice since their education and risk management tools are limited but they do have a good demo account. Overall, we think Eightcap is a solid broker despite mid-range spreads and execution speeds. We rate it our top broker for automated trading using Capitalise.ai with MT4 and the biggest selection of crypto products on the market. Overall, GO Markets has the lowest commissions of any broker we’ve found that offers cTrader.

The app offers a virtual stock trading experience using real market data, so you can gain experience, knowledge, and insights into the whole trading experience. Better still is that the app is quite comprehensive in terms of features, covering 20 stock markets, and providing support for stop-loss and Limit orders. You can access the software on Windows, Mac, iOS, and Android devices, and the company states that it covers 100% of your deposits up to $1,000. FXTM is also known for offering a wide range of trading instruments users can use to learn how to trade, start trading, and investing. Their trading conditions are unparalleled, making them one of the best in the scene. Yes, and you shouldn’t pay for any courses as there is plenty of high-quality free education available directly from most online brokers, as well as third-party websites (our favorite is BabyPips).

“XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education.” Extended hours trading is also available alongside ultra-fast execution speeds of 0.014 https://www.xcritical.in/blog/mobile-apps-in-the-forex-industry/ seconds. Negative balance protection ensures accounts cannot drop below zero while custom price alerts and the IG Academy enhance the trading experience. The myTrade community feature lets users connect and communicate with fellow traders.

Being able to place and manage trades is just one part of Forex trading, while analysing the market for profitable trading opportunities is another. To do so, you can pick one of the news aggregating mobile apps from our list, which are among the best Forex apps in the trading community. Many of them also offer additional features, such as building your own watch list, built-in economic calendars, and a range of other tools that can come in handy in your daily trading.

Best For Intraday and F&O Traders

Forex trading is mostly decentralized, though it does take place on regulated exchanges. In most developed countries forex brokers must hold proper licenses with financial market regulators, to help ensure compliance with local laws and regulations. Still, if you are a resident of India and you are considering trading forex using a foreign broker, make sure they are highly regulated. As recently as September 2022, the Reserve Bank of India (RBI) has warned against dealing with foreign brokers that aren’t locally regulated.

Pepperstone also has a great range of additional standalone trading platforms, including MetaTrader 5, cTrader, and TradingView. MetaTrader 5 is an advanced upgrade of MT4, cTrader is top for depth of market features and TradingView is a powerful charting platform. These tools include a wide range of technical indicators, graphical objects, and timeframes as well as EAs (Expert Advisors) for automated trading. MT4 is also a secure and reliable platform, with flexibility for desktop, web trading and mobile trading.

• Before investors start trading with real money, a Pepperstone demo account can be opened with a virtual balance provided to practice forex trading.
• That’s why here, at Trading Apps, we have tried and tested hundreds of trading apps to bring you the best and most trusted ones.
• Available for both iPhone and Android, IG’s mobile trading app has all the technical analysis and advanced charting tools traders expect from a desktop or web app, without sacrificing accessibility.
• Also check the compatibility of the selected trading app with your smartphone or laptop.The app must work seamlessly with your device.
• Look for an app that offers multi-factor authentication, encryption, and secure data storage.
• You can also add any financial instrument to your personal watch list at the tap of a button, and filter important news by topic or region.

Many brokers offer demo accounts, which you can use to practice trading without risking real money. When you’re ready, you can deposit funds into your account and start trading. Remember, forex trading carries high risk and isn’t suitable for everyone, so it’s essential to trade responsibly and seek independent advice if necessary. It includes a suite of advanced charting tools, custom indicators, and a library of automated trading strategies. Thinkorswim also offers real-time market data and news, and it is available on desktop and mobile devices. Dubbed the ‘Global Forex Trading Specialist‘, Forex.com is the go-to destination for any Forex trader – it’s suitable for beginner traders through to the most experienced and advanced.

Best For Retail Trading

Our spread module compares the top brokers’ spreads each month, demonstrating Pepperstone’s tight spreads. One of the best elements our team likes is Plus500’s app and charting features with 109 indicators and 20 drawing tools. Also, you can trade a wide range of currency pairs and 2,500 share CFDs, which is key to our recommendation. In 2023 we determined the forex broker UK overall winners based on their desktop trading experience. We understand many traders primarily use mobile, so we tested the trading apps and shortlisted the brokers based on our findings. Many forex brokers offer mobile applications that allow you to access your trading account, analyse market trends, and execute trades directly from your smartphone.

#8. XM Global Trading App

That means whenever you are losing money, the app will automatically hedge your funds to avoid your balance going negative. It wouldn’t be surprising if you choose a company’s product only because of their great mobile app. NadexGO™ offers the same user experience as its desktop version, just on a smaller scale. There’s the https://www.xcritical.in/ ability to build a portfolio, and information is a provider on top gainers and losers, with chart information going back over ten years. Investing news is also provided, along with a business magazine, to provide further guidance. There are also multiple graphical interface themes available to personalize the experience.

She has several years of experience in writing about all things personal finance. Zoe has a particular love for spreadsheets, having also worked as a management accountant. Fineco also offers traditional share dealing, allowing you to purchase individual shares and exchange-traded funds as well as invest in commodities, so you have a great range of investment options available. You may also notice that some brokers have multiple regulators, including CySEC in Cyprus, ASIC in Australia, and FSCA in South Africa. Doesn’tesn’t mean that these multi-regulated brokers are safer or more trusted.

The platform is widely known for its superior execution speed, advanced interface, and advanced charting tools. TradingView is also a top charting platform, with a variety of chart types, including line, bar, and candlestick charts, and a range of technical indicators. Additionally, TradingView offers a variety of drawing tools, such as trend lines, Fibonacci retracements, and support and resistance levels for further technical analysis.