Now that trading online has become so popular, the mobile market are well and truly trying to corner the market also. Although many online trading platforms now have an attached mobile app, there are also many stand alone apps for trading things like shares and Forex. There are many websites like CMC markets where you can use an online account and then use the app to compliment this, or there are standalone Forex apps like Apple iTrademobile that you can just hit the ground running with via only the app. There are currently a few Forex apps with incredibly good reviews that are generally known as being some of the best in the market.
CMC Markets Trading App
CMC Markets can be downloaded on most mobile operating systems. Because it is a platform that works with the web also, it has lots of cool and useful features like demo accounts. Like real accounts, you can hold multiple demo accounts on the platform and they do not expire, so you can take as long as you need to get used to the markets. You can also get all of the up to date market news, which can also be linked to push alerts so that you are always ahead of the game when it comes to making trade decisions. If you are into forex trading, this is the best app to watch your currency.
CMC Markets is free.
The Bloomberg mobile app is an app that lets you place and modify trades and keep an eye on what the markets are doing. The great thing about this particular app is that it is simple to use, so is a good app to get your grounding with if you are just starting out. Again, this app is available on iPhone and Android. Bloomberg also give customers the benefit of being able to trade in practice mode before they start trading money, which is a great way to get used to all of the little nuances of the market.
FXCM Trading Station Mobile is free.
NetDania Forex & Stocks
Although Netdania is also available as a website, you can still execute all of your Forex trades just in the app. Netdania probably has one of the best ranges of currency pairs, with over 1,500. They also have an incredibly handy tool which gives you live chart reporting, so that you can see everything as it happens in an understandable way. You can also receive news, price and trend alerts as push notifications, to help you make decisions. Netdania is available for iPhone and also Android.
NetDania Forex & Stocks is free.
Although not specifically a Forex trading app, XE currency is one of the best and most accurate currency converters available as an app, so if you are trading Forex it will be very beneficial for you to have this as well as the app you are using to execute trades.
One of the main things about XE currency is that in the background, it actually stores the most accurate and up to date and you can check it while you are offline. As well as monitoring all of the up to date currency data, you can also go back through history charts, so if you are looking out for patterns this is a great way to do it. You can get XE currency on iPhone and Android.
XE currency is free.
CoinTrader is quite innovative in that it lets you trade cryptocurrencies like Bitcoin, LiteCoin and Dodgecoin. Obviously, these are still fairly new currencies when you think about it, so there will be a lot to learn if you are not experienced. The good thing about CoinTrader is that you can literally trade between ‘standard’ currencies and cryptocurrencies. You will need to make yourself aware of the exchange rates, but this can be done in-app without having to download a separate app. The app itself is very easy to use, but cryptocurrencies can come with quite a high risk, so if this is the investment route you are going to go down try and ensure you learn a bit first. CoinTrader is available on iPhone and Android.
CoinTrader is free.