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Best forex trading apps in 2022

Saxo Bank Logo
1st place
Saxo Bank
CMC Markets Logo
2nd place
CMC Markets
Visit broker
76% of retail CFD accounts lose money
Capital.com Logo
3rd place
Capital.com
Visit broker
81.40% of retail CFD accounts lose money

Do you want to trade currencies on your mobile? To help you find the best forex trading apps in 2022, we looked at more than 100 online brokers, checked and compared their mobile trading platforms, fees, currency pair selection, charting tools and educational materials. We weighed the overall level of their service and assessed their safety profile. Now let’s jump straight to the results.

Top 5 forex trading apps in 2022:

  1. Saxo Bank is the winner, the best forex trading app in 2022. Best in class trading app. Low forex fees. Broad product portfolio.
  2. CMC Markets takes second place. Top-notch trading app. Low forex fees. No charge for most deposits and withdrawals.
  3. Capital.com rounds out the top three. Great mobile app. Low forex CFD fees and commission-free real stocks. Excellent email and chat support.
  4. IG ranks fourth. Intuitive, easy-to-use mobile app. Seamless account opening. Multiple deposit and withdrawal options.
  5. Oanda just made it to the list in fifth place. High-quality trading app. Outstanding research tools. Fast and user-friendly account opening.
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Best forex trading apps in 2022

Best forex trading apps
Comparison of the top forex trading apps in 2022

There are many great apps for trading currencies out there, but the ones in our toplist go the extra mile.

Best forex trading apps in 2022
Name Currency pairs offered Forex trading app score
#1 Saxo Bank 190 5.0 stars Visit broker
#2 CMC Markets 338 5.0 stars Visit broker
76% of retail CFD accounts lose money
#3 Capital.com 138 4.9 stars Visit broker
81.40% of retail CFD accounts lose money
#4 IG 205 5.0 stars Visit broker
79% of retail CFD accounts lose money
#5 Oanda 69 5.0 stars Visit broker
78.3% of retail CFD accounts lose money

Best forex trading apps
Trading fees at the top forex trading apps

How much you pay in fees for a trade is a crucial broker selection criteria. To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all the currency trading apps included in our top list.

Saxo Bank CMC Markets Capital.com IG Oanda
EURUSD benchmark fee $6.9 $8.8 $8.7 $16.1 $7.9
GBPUSD benchmark fee $4.7 $5.8 $6.6 $10.2 $6.2
AUDUSD benchmark fee $5.1 $8.2 $6.1 $11.0 $8.0
EURCHF benchmark fee $5.1 $8.9 $10.5 $11.5 $5.9
EURGBP benchmark fee $8.3 $10.2 $10.9 $19.2 $9.6

All spreads, commissions and financing rate for opening a position, holding it for a week, and closing.

Best forex trading apps
Forex trading on mobile

The forex market is the largest financial market in the world with the highest liquidity. Trading takes place 24 hours a day, so reliable and easy-to-use trading platforms are critical for forex traders.

Smartphone currency trading apps are increasingly popular with forex traders. Our research shows that traders want prices, charts, a variety of order types as well as cheap and convenient deposit and withdrawal methods at their fingertips.

Although nearly all forex brokers offer mobile applications, these differ greatly in terms of quality, design, reliability and safety. Our broker experts analyzed the entire service portfolio of individual brokers, not merely their currency trading apps when compiling the top list of best forex trading apps.

Best forex trading apps
How to choose the best forex trading apps

An excellent overall service level is required to make it to the BrokerChooser list of best brokers in any category. In addition, all service providers included in our list are reliable brokers. When it comes to forex trading and forex brokers, some criteria weigh more heavily in our methodology.

The most important selection criteria for the best apps for currency trading include a superb mobile trading platform with many functionalities and advanced charting; fair forex fees; a wide selection of currency pairs; as well as educational tools to guide you through the basics of trading.

BrokerChooser evaluates 9 key areas for all brokers. Every year, we finetune our methodology based on our own and our users' experiences. We check more than 500 criteria for each broker. We have more than 100 brokers reviewed on our site and our analysts examine more than 40,000 data points overall.

Not sure which broker to choose? Use our unique broker finder tool to see a list of the best broker tailored to your investment needs.

Want more details? Check out our comprehensive brokerage comparison table for a thorough breakdown of fees, products and more.

Saxo Bank Logo

#1 Best forex trading apps
Saxo Bank

Saxo Bank, a Danish investment bank founded in 1992, is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA). Being regulated by top-tier financial authorities, having a long track record and a banking background are all great signs for Saxo Bank's safety.

The broker provides negative balance protection for forex spot and CFD trading for retail clients from the European Union and some countries from the MENA region.

Saxo Bank snapshot
Trading platformsWebTrader, Mobile App, Desktop platform
Mobile app score 5.0 stars
Mobile app runs onAndroid, iOS
Minimum deposit$2,000
Inactivity fee$150 per month after six months (180 days) of inactivity
App search functionGreat
App price alerts Yes
App biometric authentication Yes
App 2-step authentication Yes
App order types number5
Deposit methodsBank transfer, credit/debit card
Withdrawal fee$0
Withdrawal methodsBank transfer
Read reviewFor a detailed analysis of Saxo Bank services, check out our review for 2022

Visit broker

CMC Markets Logo

#2 Best forex trading apps
CMC Markets

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier German regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The company is also listed on the London Stock Exchange, which adds an additional layer of regulatory scrutiny.

CMC Markets snapshot
Trading platformsWebTrader, Mobile App, MetaTrader4 for desktop
Mobile app score 5.0 stars
Mobile app runs onAndroid, iOS
Minimum deposit$0
Inactivity fee$10 per month after one year of inactivity.
App search functionGreat
App price alerts Yes
App biometric authentication Yes
App 2-step authentication Yes
App order types number5
Deposit methodsBank transfer, credit/debit card, electronic wallets
Withdrawal fee$0
Withdrawal methodsBank transfer, credit/debit card, electronic wallets
Read reviewFor a detailed analysis of CMC Markets services, check out our review for 2022

Visit broker
76% of retail CFD accounts lose money

Capital.com Logo

#3 Best forex trading apps
Capital.com

Capital.com is a global CFD broker founded in 2016. Its legal entities are regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Capital.com provides negative balance protection to all its customers.

Capital.com snapshot
Trading platformsWebTrader, Mobile App, Desktop platform
Mobile app score 4.9 stars
Mobile app runs onAndroid, iOS
Minimum deposit$20
Inactivity fee$15 per month after one year of inactivity.
App search functionGreat
App price alerts Yes
App biometric authentication Yes
App 2-step authentication Yes
App order types number4
Deposit methodsBank transfer, credit/debit card, electronic wallets
Withdrawal fee$0
Withdrawal methodsBank transfer, credit/debit card, electronic wallets
Read reviewFor a detailed analysis of Capital.com services, check out our review for 2022

Visit broker
81.40% of retail CFD accounts lose money

IG Logo

#4 Best forex trading apps
IG

IG, established in the UK in 1974, is one of the biggest CFD brokers in the world. It is regulated by several authorities globally, including the US Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange, and is considered safe.

IG snapshot
Trading platformsWebTrader, Mobile App, MetaTrader4 for desktop
Mobile app score 5.0 stars
Mobile app runs onAndroid, iOS
Minimum deposit$0
Inactivity fee$12 per month after 2 years of inactivity.
App search functionGreat
App price alerts Yes
App biometric authentication Yes
App 2-step authentication Yes
App order types number5
Deposit methodsBank transfer, credit/debit card, electronic wallets
Withdrawal fee$0
Withdrawal methodsBank transfer, credit/debit card, electronic wallets
Read reviewFor a detailed analysis of IG services, check out our review for 2022

Visit broker
79% of retail CFD accounts lose money

Oanda Logo

#5 Best forex trading apps
Oanda

Oanda is a US-based forex broker founded in 1996. It is a private company and therefore not listed on any stock exchange. Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission (CFTC), the National Futures Association (NFA) and the UK's Financial Conduct Authority (FCA). The broker is considered safe.

Oanda snapshot
Trading platformsWebTrader, Mobile App, Desktop platform
Mobile app score 5.0 stars
Mobile app runs onAndroid, iOS
Minimum deposit$0
Inactivity fee$14 (£10) per month after 1 year of inactivity.
App search functionGreat
App price alerts Yes
App biometric authentication No
App 2-step authentication Yes
App order types number5
Deposit methodsBank transfer, credit/debit card, electronic wallets
Withdrawal fee$0
Withdrawal methodsBank transfer, credit/debit card, electronic wallets
Read reviewFor a detailed analysis of Oanda services, check out our review for 2022

Visit broker
78.3% of retail CFD accounts lose money

Best forex trading apps
FAQ

Can you get rich by trading forex?

Forex trading is a good way to make a lot of money provided you are an exceptionally skilled forex trader and/or you have a vast amount of money to invest. Nevertheless, do not expect to get rich overnight when you start trading forex.

Similarly to all other investments, forex trading comes with a high number of risks and retail investors may lose all their money if they get carried away.

Leverage (trading with money borrowed from your broker) is a common practice in forex trading, and carries the risk of losing more funds than you initially invested. Forex trading is not a one-way ticket to making big money in a short period of time.

Can I trade forex with my phone?

Yes, you can absolutely trade forex on your phone. All you need is a smartphone and an account at a forex broker.

The vast majority of forex brokers have their own forex trading apps that function just as well as a web-based or desktop trading platform. These foreign-currency trading apps will allow you place orders, follow markets real time and have access to global financial news. The best apps are also equipped with price alerts, charting tools and safe, two-step and/or biometric authentication capabilities.

What app do most forex traders use?

The most common and popular trading platform among forex traders is the MetaTrader 4 (MT4). A high number of forex brokers work with this trading platform while some others have their own trading platforms and apps developed.

MetaTrader 4 runs on smartphones (both Android and iOS) and the apps developed by the individual brokers are also compatible with these two mobile operating systems.

Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit CMC Markets
76% of retail CFD accounts lose money
Visit Capital.com
81.40% of retail CFD accounts lose money
Visit IG
79% of retail CFD accounts lose money
Visit Oanda
78.3% of retail CFD accounts lose money

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