Fri, 27 May 2022

Traders Union Announces top 8 apps for forex trading

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15 Apr 2022, 02:24 GMT+10

Traders Union has worked hard to become the most reputable Forex site for Forex market participants. We have built a trusted center for analyzing all events on the market and any information affecting the operation of the Foreign Exchange market. We provide the most accurate and varied forecasts and collection of statistics for each Forex broker. Traders Union is a site that allows you to follow all the news of the Forex market as well as promotions of Forex brokers, receive the most comprehensive analytical studies, and share your experience.

As of the latest update, Traders union article on Exness would surely be worth the time.

Coming back to our topic, here are the top 8 forex trading apps as announced by Traders Union.

RoboForex

Roboforex is a financial trading platform founded in 2009. It is a multi-asset broker that has trading services in 169 countries. It is regulated by Cyprus Securities and Exchange Commission (CySEC), and this platform is used by over 800,000 people worldwide. Roboforex has a wide range of bonus programs and trading services, forex incentives, and other trading resources to make trading more accessible. Roboforex gives a minimum deposit of $10, with a leverage of 1:12000.

Roboforex offers Advanced Financial Chart comparison tools. The user can benefit from over 13 languages on this platform. The trading terminals for Roboforex are Meta Trader4, Metatrader %, RMobile Trader, RWebTrader, and cTrader. One of the drawbacks of this platform is higher trading fees for CFDs.

Admiral Markets UK

Tier-1 regulators authorize admiral Markets: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). This platform has earned a lifetime license issued by Federal Financial Markets Services. Admiral Markets is chosen by traders for its advanced Meta Trader features and investor education, along with an extensive range of shares, forex, and CFD markets. It accepts a minimum deposit of $1 or equivalent in other currencies and offers a Leverage of 1:500 for advance traders.

The users of Admiral Markets uses three trading platforms, Meta Trader4, Meta Trader 5, and Meta Trader Supreme. It offers three types of accounts to traders:

  • Trade.MT5
  • Invest.MT5
  • Zero.MT5

Traders with United States citizenship cannot trade through this platform

Interactive Brokers

Interactive Brokers was founded in 1977. It is regulated in six tier-1 jurisdictions, making trading forex and CFDs safe. This platform gains access to 135 market centers across 33 countries and 23 currencies. The minimum deposit is $0 and offers the Leverage of 1:1000 for professional traders. Interactive Traders offers competitive fees, high-quality research, and education, making it a highly trusted multi-asset broker. The U.K regulates it. Financial Regulatory Authority (FCA), the U.S. Securities and Exchange Commission (SEC), and the U.S. Financial Industry Regulatory Authority (FINRA).

Traders can access Forex trading by using the FXTraders terminal in TWS. The FXTrader terminal gives its traders access to 105 currency pairs and 92 CFDs. It was undoubtedly named the best online broker by Barron's in 2020. This platform doesn't offer customer support on Saturdays and Sundays. It can be expensive for a smaller trade size with less than 100,000 units of currency.

Forex4You

Forex4You started its operation in February 2007. It is owned by E-Global Trade & Finance Group, Inc. Clients have opened more than 2,200,000 trading accounts in the past 13 years. The primary benefits enjoyed by customers are:

  • Traders can have access to excellent educational programs.
  • Forex4you has user-friendly platforms, especially for novice traders.
  • Offers customer support 24/7 in eight languages.

Clients can choose between four account types, two commission-free and two commission-based. No minimum deposit is required and gives maximum Leverage of 1:1000. Forex4you uses its proprietary platforms: Forex4you Desktop, Forex4you Desktop, Forex4you WebTrader, and Forex4you Mobile and MT4 trading platform. Metatrader5 terminal is not available, and it does not accept citizenship of Unites States. Forex4you offers four different types of accounts to its users, Cent Account, Classic Account, Cent NDD Account, and PRO STP Account.

Thinkorswim by TD Ameritrade

Thinkorswim is best for investors who want to become T.D. Ameritrade customers or already are T.D. Ameritrade customers. It was founded in 2009. Thinkorswim is regulated by the U.S. Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Forex trading is done through its proprietary trading terminal, Thinkorswim. There is something for everyone, from a large selection of low-cost mutual funds to futures and forex trading. The clients can benefit from 71 currency pairs, a $0 minimum deposit, 23 chart drawing tools, and 360 high-quality charting indicators.

T.D. Ameritrade operates majorly in the United States. The widely used MT4 and MT5 trading platforms are not available, and it is also not suitable for novice traders. Tradable securities include stocks, bonds, ETFs, Futures, Mutual Funds, Foreign ADRs, and IPOs for qualified accounts.

Tickmill

Tickmill was established in 2014 as a global forex and CFD broker. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the U.K. Account opening with Tickmill is digital, easy, and fast. There are many options for deposit and withdrawal, and all of them are free of charge. Tickmill only offers forex and CFDs.

Clients find the trading platform provided by MetaTrader outdated. This trading platform gives access to trading in 62 currency pairs with a minimum deposit of $100, which investors often see as a drawback. It provides a Leverage of 1:500. Tickmill delivers four different types of accounts:

  • Classic Account
  • Pro Account
  • VIP Account
  • Islamic Account.

Tickmill has received #1 Broker for Commissions and Fees by ForexBrokers in 2022, Best Forex Execution Broker by Capital Finance International 2019, and other awards. It lacks good educational content and does not accept U.S. citizenship.

FxPro

FxPro was founded in 2006 and is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions. It makes it a safe broker for trading forex and CFDs. FxPro is licensed by financial regulators such as CySEC, Bahamas SCB, FCA (U.K.), and South African FSCA. It operates in more than 170 countries and is the most preferred Forex Trading application in Vietnam, Brazil, South Africa, and the United Kingdom.

The account opening process is fast and user-friendly. It gives great customer service in many languages. A variety of options are available for deposit and withdrawal, and they are free of charge. It offers trading services through five different types of accounts to facilitate floating spreads, fixed spreads, instant execution, and market execution.FxPro uses trading terminals of MtT4 and MT5. Traders find commissions higher than the average market by FxPro.

Evotrade

Evotrade was founded in 2010. It is regulated by the Financial Market Relations Regulation Center (FMRRC). It requires a minimum deposit of $250, and the Leverage is 1:30. Evotrade allows forex trading in 18 currency pairs. Evotrade uses three trading platforms, MT5 Desktop, MT5 Mobile and MT5 Web traders. It provides good educational content through video lessons and eBooks. This platform provides six trading accounts, Micro, Bronze, Silver, Gold, Platinum and Diamond. All the accounts have their own terms of withdrawal commission, bonuses and spreads. Evotrade has achieved a trading capital volume of $76million as of January 2022.

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