Investors in the UK are nowadays looking for a reliable trading app that they can use to keep track of their daily trading activities anywhere they see fit. Since many of them end up choosing the wrong forex trading apps, we have seen them lose a lot of money to the forex brokers.
For this reason, we decided to go out of our way and research the UK’s forex trading apps. Below are our findings, which we combined with honest user reviews from Google Play, Apple’s App Store, and Trustpilot. Rest assured that we were not biased during the research process.
In this guide
Best Forex Trading Apps in the UK 2021
- 1. eToro – Best Free Forex Trading App in the UK
- 2. AvaTrade – Best Forex Trading App for Automated Trading in the UK
- 3. IG Markets – Best Forex Trading App for Experienced Traders in the UK
- 4. eToro – Best Forex Trading App for Beginners in the UK
- 5. Plus500 – UK No. 1 CFD Platform/Provider*
- 6. Forex.com – Forex Trading App for iPhone in the UK
- 7. CMC Markets – Best Forex Trading App with CFD in the UK
- 8. Plus500 – Biggest CFD Broker in UK*
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.
Compare The Best Forex Trading Apps in the UK
For a forex trading app to make it onto our recommendation list, we usually put them through multiple testing that takes us more than 150 hours to complete. Some of the elements we consider during this process include:
Once we get our findings, our team compare them with honest user reviews from Trustpilot, Google Play, and App Store. Below is how we rated them.
1. eToro - Best Free Forex Trading App in the UK
If you are a novice investor who believes that there is an entirely free trading app in the UK, then you are mistaken. We must admit that there are forex brokers like eToro offering 0% trading commissions on forex. However, note that they still charge spread and non-trading fees.
What makes eToro stand out as the best forex trading app in the UK is because of its 0% commission on forex trading. Its account opening procedure is also simple and straightforward and has a minimum deposit requirement of £50 for you to start investing. On the flipside, eToro charges withdrawal fees of £5 and an inactivity fee of £10 every month after one year of inactivity.
Another plus point for this forex broker is that you can easily make payments via various payment methods, including credit/debit cards, bank transfers, and e-wallets like PayPal, Neteller, and Skrill. Its trading platform has a great user interface design and is backed up with copy and social trading features. This allows you to interact and copy trades from expert investors, hence quickly improve your trading experience.
Ultimately, eToro is a safe forex trading app since tier-one authorities regulate it. Feel free to test it first using its risk-free demo account before creating a live one. We can only assure you that your experience will be worthwhile.
- 0% commission on forex trading.
- Advanced trading platform with a customisable user interface.
- Adequate payment methods.
- Relatively high non-trading fees
2. AvaTrade - Best Forex Trading App for Automated Trading in the UK
Since AvaTrade opened its doors to investors in 2006, it has grown at full tilt to become one of the most celebrated brokers in the UK, let alone globally. With AvaTrade, your investment capital's safety is secured because it is regulated by tier-one financial authorities, including the Central Bank of Ireland.
The AvaTrade app, AvaTradeGO, is suitable for all mobile devices. You can easily download and sign up for a forex trading account in minutes. AvaTrade is backed up with excellent features such as the AvaProtect, which protects your money in the case where you lose a trade. Options investors are not left out because AvaTrade also has the AvaOptions feature. You will have access to more than 40 currency pairs and advanced charting tailored for mobile use.
Additionally, there is the AvaSocial feature that lets you interact with other traders and learn trading strategies. You will also copy trades from expert investors hence increasing your chances of making profits. If you like MetaTrader4 and 5, AvaTradeGO allows access to it, where you will find technical tools like expert advisors and trading robots for automated trading.
- 0% commission on forex trading.
- User-friendly and customisable MetaTrader 4 platform.
- Supports popular modes of payment, including debit/credit card, bank transfers, and e-wallets.
- AvaSocial feature to mirror trades from the experts.
- Charges a high inactivity fee which kicks in after three months of non-use.
3. IG Markets - Best Forex Trading App for Experienced Traders in the UK
If you are an expert investor looking for a forex trading app that is backed up with a heap of advanced charting tools, then IG Markets is worth considering. It is a pioneer forex broker that was established in 1974. No doubt IG Markets is safe for your investment capital because of its long track record, and it's also highly regulated by world-class financial authorities.
IG Markets is the home for more than 90 currency pairs. Its forex trading app platform is advanced and perfectly tailored for expert traders. Note that newbies can also invest with this broker because it has many educational and research materials to improve your skills in forex trading.
When it comes to IG Markets trading fees, it charges relatively high forex trading fees. This should not be a determining factor since it has many trading tools that are worth the charges. However, we usually advise our readers to find a forex broker they can afford.
The forex trading app performs flawlessly on all mobile devices. Professional investors, especially those who place trades frequently, should instal the app on their mobile devices and keep track of their trades anywhere, anytime.
- A plethora of advanced charting tools.
- Unlimited educational and research tools.
- More than 90 currency pairs.
- Regulated by world-class financial authorities.
- High forex trading charges
4. eToro - Best Forex Trading App for Beginners in the UK
Every novice investor in the UK, let alone worldwide, wishes to find a forex broker with an easy-to-use trading platform that is fully customisable. eToro's forex trading app platform not only has a great user interface design but is also very responsive. Additionally, eToro charges 0% commissions on forex trading and tight spreads.
We believe that while creating its trading platform, eToro mostly had the interests of newbies in mind. You need to try its social and copy feature that lets you interact with other forex investors through a chat group and copy trades from professional traders. Although the copy feature is not a sure-fire way to earn profits, it helps you quickly learn and improve your forex trading strategies.
Trading on eToro's app is seamless because of its precise design and excellent functions. Beginners will certainly enjoy using this app even though it has limited educational and research tools. However, feel free to test it using its practice account that is loaded with £100,000 virtual funds and see if it complements your trading requirements.
- Advanced social and copy trading feature.
- 0% commission on forex trading.
- Multi regulated forex broker by tier-one authorities.
- Free £100,000 demo account.
- High spreads.
- High non-trading charges.
5. Plus500 - UK No. 1 CFD Platform/Provider*
*Investment Trends 2020
Plus500 is one of the most highly rated CFD trading apps in the UK because of its powerful advanced tools tailored to suit all investors. Although it executes trades seamlessly on all mobile devices, we were impressed by how it performed on Android devices. You can easily customise it to suit your trading requirements.
Plus500 is regulated by tier-one financial authorities and does not charge fees for opening and closing trades. It also allows the application of margin trading where you can leverage (i.e. borrow trading funds) up to 1:30. The broker also boasts of hosting many technical tools and a user interface trading platform that is user-friendly and customisable to complement individual investment requirements.
Opening a demo trading account on Plus500 to trade CFDs is free. However, you will need a minimum deposit of £100 to start investing in real mode. Although it also charges one of the most competitive spreads in the market, its inactivity charges are relatively high and kick in after merely three months of inactivity. Therefore, if you are not a frequent investor, consider looking for another option.
Feel free to download the Plus500 CFD trading app on your Android device. Its seamless and speedy performance is precisely what you need to keep track of your trading activities anywhere you see fit.
- User-friendly and fully customisable trading platform.
- 0% forex trading commissions.
- Competitive spread charges.
- Reliable customer support service that is available 24/7.
- Limited educational and research tools.
- High inactivity fees, which you will incur after three months of inactivity.
Risk Warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.