Best Trading Apps 2020
On this page we have listed what we consider to be the best trading apps in 2020, according to our many hours of research, testing and analysis across hundreds of mobile trading apps.
The trading brokers review team have studied each trading app and assigned them a rating based on the most important factors to consider when choosing an app for trading online. This includes the apps features, interface, usability, performance, range of markets, fees, funding options, regulation, compatibility, customer support and more.
By displaying the best trading apps based on our findings in one place, we can help traders to easily and quickly identify some of the best mobile trading apps for online trading.
Top 8 Trading Apps 2020
ASIC, BVI, CBI, FFAJ, FSA, FSCA
Min $100 Deposit
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Min $250 Deposit
ASIC, FCA, DFSA, SCB, CySEC
Min $200 Deposit
ASIC, CySEC, IFSC
Min $5 Deposit
Min $200 Deposit
ASIC, FCA, CySEC
Min $200 Deposit
ASIC, FCA, MAS
Min $100 Deposit
ASIC, CFTC, FCA, FSA, IIROC, JFSA, NFA
Min $50 Deposit
Each of the trading apps that we have chosen to be included in our exclusive list of the best trading apps has been subject to our stringent trading app reviews and passed with flying colours, based on what the trading brokers team considers some of the most important factors worth considering. These mobile trading apps are provided by some of the best online brokers that are under strict regulation from some of the most well know regulatory authorities and are well-established within the online brokerage industry, providing top trading apps for global online trading.
AvaTrade our considered to be one of the best trading apps as they offer online trading on more than 250+ trading instruments across multiple markets via the powerful and easy to use AvaTradeGO app. They also offer clients the popular MetaTrader 4 (MT4) trading app. The platforms have a wide range of trading tools and indicators for a convenient and efficient online trading experience. Both of the provided mobile trading applications can be used on iOS and Android devices, making trading whilst on the go a breeze.
The intuitive AvaTradeGO app has a user-friendly sophisticated dashboard and an abundance of advanced features for a quick and easy online trading experience. You can connect to global markets with more than 250 instruments including the world’s top forex pairs, commodities, stocks, indices, cryptocurrencies and more.
The trading apps live feeds and social trends can be used to discover new trading opportunities whilst there are a set of other helpful features unique to the AvaTradeGO app including intuitive position management tools, clear charts, zoom for details, market sentiment and much more. You can see your trades at a glance, create your own watch lists, and view live prices and charts.
The AvaTradeGO mobile trading app provides you with step-by-step guidance on how to open trades, gives you feedback on your trading activity and offers support any time you need it. You can manage multiple brokerage accounts from within the app and switch between demo or real accounts.
In addition to offering one of the best proprietary trading apps, AvaTrade also offer the MT4 platform which is used by millions of traders of all experience levels from around the globe. This trading app has a vast array of built in indicators for studying various markets and charts for potential trading signals. There are trading tools for quickly placing trades and position management. The alert notifications can be set to alert the user when a specific event occurs or price level is reached.
Founded in 2006, AvaTrade are amongst the world’s largest online brokers in terms of trading volume, offering low fees, competitive spreads and good execution speeds. They are also regulated in an impressive 6 jurisdictions including Europe, Australia and South Africa. Their regulatory licenses span over 5 continents. You can read our full AvaTrade Review to find out more or use the link below to visit the AvaTrade website and download one their trading apps to start trading online today.
|250+ trading instruments||No US clients|
|Easy to use trading apps for iOS & Android mobile devices||No variable spread accounts|
|Wide variety of trading indicators & tools|
|Regulation in 6 jurisdictions|
IG are included in our best trading apps for their industry leading online brokerage services. This includes a wide selection of trading apps for desktop, web and mobile devices. Clients can choose from IG’s proprietary trading platform, ProRealTime (PRT), L2 Dealer or the ever popular MetaTrader 4 (MT4) trading platform.
IG’s trading apps are user-friendly yet packed with an abundance of powerful tools and features to help deliver an enjoyable trading experience. You can choose a trading app that is compatible with your devices and offers the features and functionality that your trading strategies require.
If you are already familiar with a particular trading platform then you may wish to continue using it. If on the other hand, you are new to trading online then the MetaTrader app is often a popular choice among new traders whilst the in-house developed IG trading app is also very powerful and full of useful features.
In addition to providing some of the best trading apps, IG is a regulated broker with a huge selection of over 16,000 trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, ETFs and CFDs. Clients can trade these markets online with tight spreads, low commission fees and reliable trade execution speeds. You can read our full IG Review to find out more.
|Regulated in multiple jurisdictions||No fixed spread accounts|
|Top trading apps for desktop, web & mobile devices||$250 minimum deposit|
|Competitive trading conditions|
|Over 16,000+ trading instruments|
|US clients welcome|
|Trading tools & educational resources|
|24-hour client support|
Pepperstone make it as one of our best trading apps for 2020. Pepperstone are one of the largest online brokers offering a choice between the popular MetaTrader and cTrader mobile trading applications. Both of these trading apps are well established options that are used by millions of traders across the globe. They are considered very user-friendly with intuitive interfaces, providing convenient online trading on your mobile devices from anywhere in the world.
Using the Pepperstone trading apps, investors have access to a wide range of trading instruments including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs and ETFs. They offer low cost trading with tight spreads and fast trade execution speeds.
The MetaTrader mobile app is packed with useful features and trading tools for analysing the markets and trading online. This includes technical indicators and drawing tools to mark important price levels on your charts. You can choose between multiple chart types and timeframes. It supports push alert notifications to let you know when a specific price is reached or event occurs. You get real time price quotes of different financial symbols and free financial news to assist with fundamental market analysis.
The cTrader mobile trading app is another popular choice amongst traders of all experience levels. The cTrader app is fast and responsive, offering a transparent online trading experience from your mobile and tablet devices. You can expect to get just as much information and functionality as you would using the cTrader desktop app. You get access to a complete range of order types, technical analysis tools, price alerts, trade statistics, order management settings, symbol watchlists and a variety of settings to customise the platform for your trading on-the-go requirements.
You can get the MetaTrader and cTrader apps for Android and iOS devices, freely available to download from Pepperstone. You will need a brokerage account to trade on these apps, with Pepperstone being rated as one of best online brokers for trading online, primarily due to their industry leading trading technologies and strict regulation. These factors amongst many others make them one of our top choices for the best trading apps. You can read our full Pepperstone Review to find out more or visit the Pepperstone website using the link below to download a trading app and start trading online.
|Wide range of trading instruments & tools||No US clients|
|MetaTrader & cTrader mobile applications for Android & iOS devices||No fixed spread accounts|
|Easy to use trading apps||$200 minimum deposit|
|Tight spreads & low fees|
|Ultra-low latency execution speeds|
|Deep liquidity pool|
|No dealing desk|
XM Group make it into our best trading apps category. They offer the well-known MetaTrader app which was developed by MetaQuotes and is widely regarded as one of the most popular trading platforms. It is simple to use, with an intuitive user interface and variety of trading tools for analysing the markets. Users can conveniently place and manage trades whilst on the go, directly from within the app. The app is compatible with mobile devices running on iOS and Android whilst it is free to download either directly from the broker or from the relevant app stores.
The broker has a wide range of trading instruments for trading on the app including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies and CFDs. XM Group clients can trade online with no-requotes, low spreads, fast execution and negative balance protection. They also get a choice of 25+ secure payment methods and a client support team that is available 24/5 in 14 languages via phone, chat and email. Find out more about why we consider XM Group to be one of the top trading apps for trading online by reading our detailed XM Group Review.
|Regulated brokerage||No US clients|
|Large selection of trading instruments to choose from||No fixed spread accounts|
|MetaTrader mobile app|
|Useful trading tools & educational resources|
|Rapid execution speeds with a no-requotes policy|
|Tight spreads & competitive fees|
|Over 25+ funding options|
|Min $5 deposit|
IC Markets are included in our list of the best trading apps due to the fact that they provide some of the best trading conditions for trading online via the powerful MetaTrader and cTrader apps. These are amongst the most popular and user-friendly trading platforms available today.
The True ECN trading model is incorporated into all of the platforms at no extra cost for all clients. This means that they get rapid trade execution speeds at the best available prices. The brokers commission fees are also very competitive whilst there is a variety of fast and convenient deposit and withdrawal options.
In addition to some of the industry leading trading conditions and trading apps, IC Markets also offer free trading tools, educational materials and multilingual support 24/5 via phone, chat and email. You can read our full IC Markets Review to find out more.
|230+ trading instruments||No US clients|
|Competitive fees, low spreads & reliable execution speeds||No fixed spread accounts|
|User-friendly trading apps||Min $200 deposit|
|Regulated brokerage firm|
|Various deposit & withdrawal options|
The eToro app deserves a place in our best trading apps, having long established themselves as one of the best social trading platforms. The eToro mobile app is used by millions of traders around the world of all experience levels. The app is extremely user friendly and can be used for individual trading and copy trading. Using the eToro trading app, you can manage your portfolio, follow markets, copy traders, and perform any action available on the eToro platform from your smart mobile devices.
The eToro app has a large selection of trading instruments in various asset classes to choose from including stocks, forex, cryptos, commodities, CFDs and more. The vast eToro online trading community allows you to connect with other traders to view, compare and discuss trading strategies.
There is a large range of trading signals that users can choose to copy via the eToro trading app with the patented CopyTrader™ technology. The “Popular Investor Program” enables top-tier investors to earn additional income by being followed and copied by other users on the eToro app.
There is also the eToro club which offers a range of exclusive benefits, services, and tools to its members. These benefits include a dedicated account manager, market analysis, live webinars, expert investment support, premium trading tools, exclusive VIP events and more.
Users of the eToro mobile trading app have peace of mind due to the fact that eToro are regulated by some of the most respected regulatory authorities including CySEC, FCA and ASIC. To find out more about the eToro app and why we rank them amongst our best trading apps, you can read our detailed eToro Review. You may also visit the official eToro website using the link below to download the eToro app for Android or iOS devices and start trading today.
|Strict regulation||No US clients|
|Commission free trading||No fixed spread accounts|
|Large online trading community|
|Popular Investor Program|
City Index make it into our best trading apps list as one of the first online trading platforms that has since grown into one of the best brokers in the world, serving hundreds and thousands of online traders around the globe. They are owned by GAIN Capital Holdings Inc (NYSE:GCAP), who also own Forex.com and are one of the largest retail and institutional trading service providers.
Through City Index’s trading apps, you can trade over 12,000+ markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Spread Betting, CFDs and ETFs. They are a regulated broker that is committed to offering industry leading trading services with fair and transparent pricing, risk management tools and excellent customer support.
City Index offer mobile trading apps for iOS and Android so that you can access your account wherever you are in the world at any time, from your smartphone or tablet. These apps provide secure 24-hour account access, live charts and pricing with built in Reuters news feed and economic calendar. Using the mobile trading apps, you can place and manage orders on the go.
The mobile trading platform key features include:
- Trade anytime, anywhere: Trade across multiple devices, open on your desktop, close on your smartphone or tablet
- Live TradingView charts: Plan your next trade with full-screen TradingView charts and a range of 60+ technical indicators
- Reuters news: Receive the latest global investment news from Reuters in the app
- Trade across devices: Trade on desktop, close on mobile or tablet. City Index accounts work on multiple devices
- Personalised watchlists: Create and amend multiple watchlists, to keep an eye on your chosen markets
- Economic calendar: Keep up-to-date with market events with the global economic calendar
- Device syncing: All your account details, history and preferences are synced between devices
- Live chat: Speak directly to City Index’s customer service team instantly through live chat
The MetaTrader 4 (MT4) trading app is freely available for iOS and Android devices with a wide variety of implemented features which are further enhanced by City Index’s service, support and pricing. When you trade forex and other markets with the City Index MT4 app you can benefit from ultra-tight spreads, fast trade executions and unique trading tools.
MT4 is well known for its quick learning curve and trading tools, thus making it one of the best trading platforms for new and experienced traders alike. Through MT4 you can conduct a range of thorough technical and fundamental chart analysis using the numerous indicators provided. You can read our detailed City Index Review to find out more and visit the City Index website using the link below to download a trading app and commence trading online.
|12,000+ markets for online trading via intuitive & flexible trading apps||No US clients|
|Strict regulation across 8 jurisdictions||No fixed spread accounts|
|Tight spreads, good execution speeds & competitive fees||Limited funding options|
|Flexible & user friendly trading apps|
|Sophisticated tools for conducting detailed chart analysis|
Forex.com make it onto our best trading apps list due to the fact that they are amongst the very few online trading brokers that actually accepts US based clients. Not only that, just like City Index, the parent company of Forex.com is GAIN Capital Holdings, Inc. (NYSE:GCAP), who are a publicly traded company listed on the New York Stock Exchange. They have a proven track record of stability, security and financial strength, with plenty of resources at their exposure to continue providing innovative online trading apps.
You can trade over 300+ global markets from a choice of sophisticated trading apps that are designed to meet the different needs of all different styles and experience levels of traders. Each trading platform is designed to give an enjoyable trading experience with fast trade execution speed, low fees and tight spreads. The mobile trading apps are available on iOS and Android devices (iPhone / iPad / Android / Tablet). This is useful if you plan on trading using multiple devices in different locations as one account can be accessed across the different apps.
With Forex.com’s mobile trading apps, you never have to miss a market move. They offer the ultimate trading experience at your fingertips so that you can easily manage your account and trade on the go with access to full robust trading features, real-time market price quotes, risk management options, advanced TradingView charting and real-time analysis, integrated fund management and more from your mobile devices.
Forex.com is one of the largest MetaTrader 4 (MT4) brokers. They provide users with the option of trading online via the free MT4 trading app that is used by millions of traders around the world and considered by traders as one of the most user-friendly trading apps, thus making it a popular choice for beginners whilst having enough advanced functionality to satisfy the more seasoned traders. MT4 has a variety of built in tools for analysing charts, following various markets, placing/managing traders, setting alerts, getting economic news updates and much more.
For the reasons mentioned above and many more that we have covered in our detailed Forex.com Review, we consider them to be one of the best trading apps, especially for US traders looking for an established online broker. You can use the link below to visit Forex.com where you can download one of the trading apps and start trading online today.
|300+ global markets to trade whilst on the go||Limited online funding options|
|US traders welcomed||No fixed spread accounts|
|Strict regulation in multiple jurisdictions|
|Tight spreads, low fees & fast execution|
|Powerful proprietary mobile trading apps|
|MetaTrader 4 mobile app|
|Sophisticated trading tools|
How did Trading Brokers choose our best trading apps?
Following on from our best trading apps of 2020, we will now look at what mobile trading apps are used for and some of the most important factors worth considering when looking for a suitable mobile trading app.
What is a mobile trading app?
A mobile trading app enables traders to trade global markets from their mobile devices. Users can download a trading app, login to their trading account and access trading instruments from various markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, ETFs and CFDs. Most online brokers provide these mobile trading apps free of charge and for use on iOS and Android mobile devices.
Mobile trading apps are great for those who wish to trade whilst on the go as they can access their online trading account and manage positions from anywhere in the world. You will need an account with an online trading broker to be able to trade on a mobile trading platform and also an internet connection. You can see a list of our best online brokers if you do not yet have an account with an online brokerage firm.
In the past, investors who wanted to trade a particular market and instrument, would have had to go through an offline broker which meant that the markets were much less accessible than they are today. As technology has improved over the years, there are now hundreds of online brokers offering online trading services to clients of all experience levels from around the globe. Anyone who has aspirations to be a successful online trader can open a trading account with an online brokerage and gain access to the brokers trading apps for trading the markets online.
When using a trading app, you can view real time bid and ask market prices of multiple assets. You can load charts of different types to analyse the historical and current prices of chosen trading instruments over multiple timeframes. The trading apps will have a selection of technical indicators that can be used to help identify potential trading opportunities on your favourite markets. Once you have identified a suitable trading opportunity, you can execute, manage and close your buy or sell position directly through the trading app.
What makes a good mobile trading app?
Trading app regulation
When you choose a mobile trading app it is imperative to ensure that the brokerage providing the app is regulated by one of the most respected government authorities. The regulatory authorities that most traders will look for include the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom.
Investors can have more protection when they opt for a regulated broker compared to an unregulated “offshore” broker. A regulated broker is obligated to conduct business according to the strict rules and regulations implemented in order to help give investors protection. It is usually a wise idea to verify a broker regulation claims by checking the brokers regulatory license number with the relevant authorities to ensure that the regulation is legitimate and still valid.
Trading app instruments
Each online broker will have a different choice of markets and trading instruments for you to trade through their mobile trading apps. If you have a specific market or instrument in mind, it would be a good idea to check that it is available to trade through your chosen broker and trading app. In addition to this, if you plan to branch out into different markets in the future, you may want to opt for a brokerage firm who operates in these additional markets.
Trading app tools
Different mobile trading apps will contain a different selection of trading tools for conducting market analysis by studying the charts for potential trade opportunities. These can help spot trending and ranging markets. Most trading apps will have the most popular technical indicators such as the moving average, Bollinger Bands, CCI, RSI, Stochastics, MACD, etc. However, if you require more specific tools for your technical, fundamental, price action and sentiment analysis, check that the broker offers these tools via their mobile trading apps. Some additional tools to look out for include market insights from experts, economic calendars, depth of market level 2 pricing and sentiment analysis tools to help gauge what other traders are doing. It can make trading a lot more efficient by having the required tools readily available from one platform rather than having to check elsewhere.
Trading app fees
Whilst most mobile trading apps are provided free by the broker, there are some who charge monthly and volume-based fees, usually for specialised trading apps that have specific features a professional trader may need. In saying that, the majority of free trading apps will more than likely be sufficient enough for the average retail investor.
Trading app commissions
In addition to possible mobile trading app fees, you may wish to consider the other online trading costs. Most online brokers charge a commission fee for placing trades in addition to the spreads and overnight swap fees. These costs are a part of trading although they can vary significantly depending on the broker you choose. Thus, it is important to consider the overall trading costs that you will incur and the potential impact they will have on your trading strategy.
Trading app spreads
The spread is the difference between the buy and sell (bid/ask) price which can vary depending on the trading volumes and liquidity providers used by the broker. Some brokers offer fixed and variable spread accounts on their trading apps, others will offer commission free accounts but instead mark up the spread to make up for this. Usually, the greater the liquidity a broker has, the tighter the spreads are likely to be. It is important to consider the spread when planning your trades, especially if you are planning on using scalping trading strategy.
Trading app swaps
If you keep hold of a position with your broker overnight then you will most likely need to pay a swap fee. The swap fee is an interest fee for the procedure of moving open positions from one day to another, also commonly known as the rollover. This is another cost that may need to be factored in to your trading plan. Some online brokers offer swap free Islamic trading accounts that conform with Sharia law which enables Muslim traders to engage in online trading through mobile apps.
Other trading app fees
Along with the trading app, spreads, commissions and swap fees, there can be other online brokerage fees that they will charge. If you are considering choosing a broker, ensure that you understand any additional fees that there may be. Some of the other fees that are worth consideration include account funding and inactivity fees.
Trading app usability
If you are already familiar with a specific trading platform then it could be a good idea to choose an online broker that offers that platform as a mobile app. However, if you are yet to have a trading platform of choice, then it may be a good idea to start with a broker that offers a popular and user-friendly trading platform such as the MetaTrader 4 mobile app. The MT4 trading app has plenty of online tutorials available to help you learn how to use it and is often considered as one of the most intuitive trading platforms, making it a popular choice amongst new traders.
Trading app leverage
Nearly all online brokers will offer you trading with leverage on their trading apps. In a nutshell, leverage allows you to open a trading position larger than you could if you did not have any leverage. If for example you had leverage of 1:100 and a trading account balance of $500, you could effectively open a position size of $50,000 (500 x 100 = 50,000). Although leverage can increase your potential profits, it can also greatly increase the risk and lead to large losses. It is of the upmost importance that traders have an in-depth understanding of what leverage is and the significant risks it involves before they start trading online with leveraged positions. Check the brokers trading app you are looking at offers a leverage level that you are comfortable with.
Trading app education
You will find that some brokers offer traders a range of useful educational resources to help empower them and make them better traders. These educational materials can include videos and trading guides to help them improve their trading knowledge and skills. There may be detailed tutorials on how to use the different trading apps which could be helpful for those who are new to online trading and need help in order to familiarise themselves with the choice of mobile trading platforms that are available to them.
Trading app compatibility
You should check that the trading app will run on your mobile device. The majority of trading apps run on iOS and Android mobile devices. Check the specifications provided by the broker to ensure that your device is compatible and meets the minimum requirements.
Trading app funding
Online brokers will offer a choice of methods for making deposits and withdrawals to your trading account via their mobile trading apps. Whilst you will find that most brokers accept bank wire transfers and card payments. Others will offer online payment processors such as Skrill, PayPal, Neteller, etc. Ensure that the broker you are considering supports your preferred funding method via their mobile trading apps.
Trading app customer service
If you have an issue with the brokers trading app that you need immediate assistance with, you would want to ensure that your broker has a prompt and efficient customer support team. They should be on hand to help you with all technical and general questions as and when you need them. The online chat support option is often one of the quickest ways to speak with a member of the brokers support team whilst other options include telephone and email. The greater the hours of availability from the brokers support team, the better. Some brokers offer support 24/5 whilst others can be reached 24/7. You may want to check the brokers office locations and open hours as they may be in a different time zone to you which could affect their response time. The broker should have a method of contacting them that is most convenient for you and available in your language. If they can be reached directly through the trading app, that may be considered more convenient.
How to start trading online with a mobile trading app?
Following on from our brief explanation of mobile trading apps and some of the things to look out for, you may wish to open an account with an online broker and download their trading app for trading on your mobile devices. This can be a quick and easy process that requires completing an online registration form from the brokers website. Simply choose an online trading broker, follow the account opening process and you will be able to start trading online through one of their mobile trading apps.
Need help choosing from the best trading apps in 2020?
If you are still cannot decide which is the best trading app for you then you can use our free online broker comparison tool to quickly compare online brokers based on trading apps, trading instruments, minimum deposit, regulations, leverage, funding options and more. You can also read our broker reviews and choose from our best brokers, best trading platforms, best copy trading platforms, best social trading platforms and best trading apps. If you would like to look for the best trading brokers in a particular country, we have pages dedicated to our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa and best brokers Canada.
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