Forex trading, or foreign exchange trading, is a global marketplace where traders buy and sell currencies. With the advancement of technology, forex trading has become accessible to more people, including beginners, through the use of trading apps. These apps provide a user-friendly platform for individuals looking to dip their toes into the world of forex trading. In this article, we will explore the 10 best forex trading apps for beginners, in a carefully curated order. From Exness to Tickmill, each of these platforms offers unique features and advantages that cater to those who are new to forex trading.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
10 Best Forex Trading Apps for Beginners
Exness
Exness is a renowned name in the world of forex trading. Their trading app is well-suited for beginners with its user-friendly interface and educational resources. The app offers a free demo account for practice, allowing novice traders to gain confidence before trading with real money. Exness is also known for its low spreads, making it cost-effective for new traders. With features like one-click trading and instant withdrawals, it is a solid choice for beginners.
IC Markets
IC Markets is a popular choice for both beginners and experienced traders. Their trading app provides access to a wide range of assets, including forex, stocks, and commodities. IC Markets is known for its tight spreads, low fees, and high liquidity. They offer a demo account, so beginners can practice risk-free, and the app is compatible with various devices, ensuring traders can access the markets on the go.
XM
XM is an ideal choice for beginners due to its emphasis on education. Their trading app provides a vast collection of educational materials, webinars, and market analysis. XM offers a no-strings-attached demo account, allowing beginners to test their strategies without any financial risk. The app’s user-friendly interface and reliable customer support make it a suitable option for those new to forex trading.
JustMarkets
JustMarkets is a relatively new player in the forex trading app arena but has gained popularity quickly. The app offers a simple and intuitive user interface, making it accessible for beginners. With low minimum deposit requirements and tight spreads, it provides a cost-effective way to start trading. JustMarkets also offers various educational resources to help beginners gain a better understanding of the forex market.
FBS
FBS is known for its beginner-friendly approach and is often recommended for those just starting in forex trading. Their app features a user-friendly interface and a demo account that can be accessed with a single click. FBS offers low spreads and a variety of account types, catering to different trading preferences. Their 24/7 customer support ensures that beginners get assistance when needed.
LiteFinance
LiteFinance offers a straightforward and accessible trading app for beginners. The app is known for its low minimum deposit and offers a risk-free demo account for practice. With a variety of educational resources and an easy-to-use interface, LiteFinance is an excellent choice for those new to forex trading. The app also provides access to various trading instruments, including forex, metals, and cryptocurrencies.
FxPro
FxPro is a well-established forex trading platform that caters to both beginners and experienced traders. Their app offers a demo account and a comprehensive educational section to help beginners get started. FxPro stands out with its advanced trading tools, making it a solid choice for those who wish to grow their trading skills over time. The app also provides excellent customer support.
RoboForex
RoboForex is a user-friendly trading app ideal for beginners. The app offers various account types, including demo accounts, allowing new traders to practice without risking their capital. RoboForex has low spreads and provides access to multiple trading instruments. Their customer support is available 24/7, which is valuable for beginners who may have questions or need assistance at any time.
HFM (HotForex)
HFM, also known as HotForex, is a popular choice among beginners due to its straightforward trading app. It offers a demo account, and beginners can get access to educational materials and trading analysis to improve their skills. HFM is also known for its competitive spreads, making it cost-effective for those starting with limited capital. Their app is compatible with various devices for trading on the go.
Tickmill
Tickmill is a reputable forex trading app that appeals to beginners for its intuitive interface and educational resources. The app offers a risk-free demo account to practice trading strategies. Tickmill is known for its low spreads and transparent pricing, making it an attractive option for novice traders. The platform also provides excellent customer support to address any queries or concerns.
Conclusion
Choosing the right forex trading app is crucial for beginners looking to enter the world of forex trading. Each of the 10 apps listed here – Exness, IC Markets, XM, JustMarkets, FBS, LiteFinance, FxPro, RoboForex, HFM, and Tickmill – has its unique features and advantages that cater to the specific needs of novice traders. Whether you prioritize user-friendly interfaces, low spreads, educational resources, or excellent customer support, you can find an app that suits your preferences and helps you embark on your forex trading journey. Remember that successful forex trading requires time, practice, and continuous learning, so don’t rush into it and start with a demo account to gain experience before risking your capital.
