There are many good trading platforms out there, each with its own specialty that suits certain types of traders. So, which one is the best when it comes to mobile trading?

Every online trader needs an online trading platform to initiate, close, and manage their orders. Currently, there are thousands online trading platforms available on the market, but not all of them are great. This is why as a trader, it's highly crucial to be able to narrow down the ions and pick the one (or several) platforms that really match your needs and can fulfill your expectations.

Brokers platforms for mobile trading

One of the factors that you should put into consideration is how the platform performs on mobile phones. Many platforms now offer a mobile version of their service so that traders can access the market without having to open the software on their laptops or PC. This is important because it can give you much bigger flexibility in terms of trade management. You can just see the details of your active orders from your phone and make quick changes if necessary. To make your job easier, here is the list of the best online trading platforms for mobile phones as well as their specialties.

 

Best for CFD Trading: IC Markets' MetaTrader 5

IC Markets is a globally known broker that has been established in 2007. The broker offers no less than 3,000 tradeable instruments and is currently under the regulation of Australian, Cyprus, and Seychelles authorities. Essentially, IC Markets offers mobile apps for all three of its platforms: MetaTrader 4, MetaTrader 5, and cTrader. But today we're going to focus on the MetaTrader 5 app.

MetaTrader 5 application itself is a user-friendly app with a one-click trading feature and access to a bunch of useful analysis tools, charting, and indicators. Therefore, the app is suitable for both beginners and expert traders. The app is already installed by at least 5 million users worldwide, making it the second most popular forex trading app based on the number of installs. In order to use the app, you'll need to use Android 4.0 or above.

IC Markets' MetaTrader 5 is particularly great for CFD trading. You can open a trade on 7 different financial markets with market depth (DoM) from liquidity providers. With IC Markets' MetaTrader 5, you can access 65 forex CFDs, 23 index CFDs, 19 spot and future commodities CFDs, 6 bonds, 4 global futures, cryptocurrencies, and over 120 stock CFDs from ASX, NASDAQ, NYSE with dividends included.

The App Features

  • Access to over 30 technical indicators, 24 drawing tools, 3 chart types, and several time-frame options to suit various trading strategies.
  • Access to economic calendar and real-time news events without having to leave the app.
  • Low spread that starts from 0.5 pips for forex trades and 0.5 points for indices on the broker's Raw Spread account.
  • Offline mode available.
  • Raw pricing based on the No-Dealing Desk execution system and no re-quotes.
  • No restrictions on limit orders.
  • You can take advantage of real-time forex and CFD price quotes with complete access to historical price data.
  • Interactive charting feature with zoom and scroll options.
  • Customizable chart layouts.
  • Supports all types of orders and execution modes.

Overall, IC Markets offers an excellent mobile trading platform for CFD trading due to the wide ion of CFD assets. The cost of CFD trading in IC Markets is also lower compared to other platforms. With only $200, you can open a trading account in IC Markets and start trading.

🌐 Website
www.icmarkets.com
Leverage
1:1000
💼 Regulation
💲 Min Deposit
$200
Year Established
2007

Interest rate on funds
Free education
PAMM
MAM
Segregated accounts
Managed accounts
Islamic accounts available
Compensation scheme
Swap
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
PayPal
Skrill
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

 

The Best in General – Pepperstone's MetaTrader 4

Pepperstone is a well-known forex broker that's based in Australia. The broker has been around for over a decade now and currently regulated in several countries. For the trading platform, Pepperstone offers MetaTrader 4 that's available for both PC and mobile phones.

The MetaTrader 4 offered by Pepperstone is versatile and user-friendly with a number of advantages for its users. For instance, it offers access to 30 technical indicators, 24 analytical objects, and 9 time frames on top of other trading tools. Apart from that, MetaTrader 4 for Android is very accessible as you can simply install the app directly from Google Play Store. It is one of the best forex trading apps with over 10 million installs worldwide. Please note that Pepperstone's MetaTrader 4 mobile app requires Android 5.0 or above to operate. If you're an Apple user, you would need to use iPhone, iPad, or iPod touch with iOS 9.0 or above.

The App Features

  • Access to over 180 financial instruments in various asset classes, such as currency pairs, commodity CFDs, stock index CFDs, shares, currency indexes, and cryptocurrencies.
  • Access to full technical analysis tools set, which consists of 30 popular indicators, 24 analytical objects, 9 time frames, and 3 chart types.
  • Access to advanced analysis tools, including 28 smart trader tools for enhanced order execution and risk management.
  • Extremely tight spreads for forex traders starting from 0 pips on Pepperstone's Razor account.
  • Lightning fast execution speed of less than 30 ms.
  • The chance to build and run Expert Advisors.
  • Interactive real-time charts with zoom and scroll options.
  • Various chart setups for faster and more efficient control of trading positions.
  • Supports all types of trade execution and trade orders.
  • Supports sound and push notifications from the desktop version.

All in all, Pepperstone's MetaTrader 4 is the complete package that every mobile user dreams about. The app is fully equipped with practically everything a trader needs to trade, so it's easy to make adjustments and execute your strategy anytime and anywhere.

🌐 Website
pepperstone.com
Leverage
1:400
💼 Regulation
💲 Min Deposit
$0
Year Established
2010

Free education
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
Low spread eur/usd
VPS
Trading via API
Copy trading
Webinar
PayPal
Wire transfer
Neteller
Skrill

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

 

Best Alternative to MetaTrader – FxPro's cTrader

FxPro is another popular broker that was founded in 2006. The broker offers more than 250 financial instruments in a number of asset classes such as currency pairs, stock indices, and metals and energies. Not only that, the broker also offers access to fixed and variable spreads depending on the condition, good leverage options, and an innovative mobile wallet.

When it comes to trading platforms, FxPro offers cTrader, which can be a great alternative to the mainstream MetaTrader series. While many traders prefer the basic features and minimalistic design of MetaTrader, some others like to use cTrader because of the professional interface.

The cTrader mobile app is basically the mobile version of the desktop software developed by Spotware Systems Ltd. The app can be directly installed from the Google Play Store. It currently has over 10,000 unique installs and requires Android 4.4 or higher to operate. Meanwhile, Apple users can use iPhone, iPad, or iPod touch with iOS 9.0 or above.

The App Features

  • Access to updated market news and market sentiment indicators.
  • Access to detailed trade and history reports.
  • Access to integrated targets on the charts from Trading Central.
  • Direct access to the forex market with ultra-low latency and fast order speed. Most orders are processed in less than 11.06 ms.
  • QuickTrade Mode for one-tap trading.
  • The chance to execute orders with a single click.
  • Supports the ability to make custom watchlists.
  • Supports the ability to set price alerts.
  • Supports 22 languages.

Overall, FxPros's cTrader mobile app is more suitable for forex traders and can be used as an alternative to MetaTrader. Apart from full market depth, the app also offers access to a complete set of technical analysis tools and charts. In addition, cTrader has a dedicated tab for price alerts that users can use to manage push notifications.

🌐 Website
fxpro.com
Leverage
1:1000
💼 Regulation
💲 Min Deposit
$100
Year Established
2006

PAMM
Personal manager
Segregated accounts
VPS
MAM
Free education
Negative balance protection
Compensation scheme
Low spread eur/usd
Affiliate program
Copy trading
Webinar
Islamic account
PayPal
Skrill
Wire transfer
Neteller

Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.

FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.

They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.

The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.

They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.

Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.

Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.

If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.

Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.

The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.

Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.

Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro

Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.

 

Best for Beginners: ThinkMarkets's ThinkTrader

ThinkMarkets is an award-winning forex and CFD broker that was founded in 2010. The broker is regulated by two top-tier brokers, the FCA and ASIC.

ThinkMarkets also put the clients' funds in a segregated account and uses tier-1 banks for an additional layer of security. The broker offers its own trading platform called ThinkTrader, which is available for mobile as well as desktop users.

ThinkTrader is arguably the best option for beginners because it's able to eliminate a number of barriers that new users often face. It has a user-friendly interface design, excellent security system, and exclusive features for its users. The app can be directly installed from the Google App Store and currently, it has been installed by over 500k users worldwide. Keep in mind that this app can only operate on Android 4.2 or above and for Apple users, iOS 9.0 or above.

The App Features

  • Innovative analysis – a complete set of technical analysis tools with no less than 80 technical indicators, 50 drawing tools, 14 chart types, and 12 time frames.
  • Multi-deal closure – users can instantly close all active positions of a particular trading instrument.
  • Quad screen display – four charts with real-time quotes can be monitored at once on any mobile device.
  • Cloud-based alerts – users can get all required market data without having to log in to their accounts
  • TrendRisk scanner – a trading signal tool whose purpose is to scan financial markets for high-probability trades.
  • Multi-touch functionality – users can drag and highlight a certain area on the chart to see the exact number of pips it represents.
  • In-app deposits and withdrawals.
  • Multiple watchlists and customizable trading history reports.
  • Market analysis and real-time news from FX Wire Pro.
  • Supports four types of trading accounts.
  • Free downloadable trading guides for various types of traders.

All in all, ThinkTrader is a great platform for beginners. Apart from the features mentioned above, the platform offers various educational materials that can suit both novice and expert traders. Other than that, there are also detailed guides that cover various technical indicators, oscillators, and chart patterns.

Leverage
1:500
💼 Regulation
💲 Min Deposit
$0
Year Established
2010

Free education
Personal manager
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
VPS
Trading via API
Copy trading
Webinar
Neteller
PayPal
Skrill
Wire transfer

As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and regional offices throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.

Along with its history operation, ThinkMarkets has been awarded and recognized many times in various aspects. Most recently, they won the Best Value Broker in Asia at the 2020 Global Forex Awards.

Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.

As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).

ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.

The trading platform is available on 3 different interfaces specifically designed for Web Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and more than 125 indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.

As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.

For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.

All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd's of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.

 

Best for Social Trading – eToro's Trading App

eToro is a leading multi-asset broker that started its business in 2007. It is widely known for its excellent social copy trading platform. The broker is under the regulation of some top-tier regulators such as ASIC and the FCA. There are over 3,000 instruments to choose from, including forex, cryptocurrency, stocks, indices, commodities, and more.

eToro trading platform is available for both desktop and mobile users. You can install the app directly from the Google Play Store with over 5 million installs from more than 140 countries. Keep in mind that the app can only operate in Android 5.0 or above. For Apple users, the app can be used on Apple devices with iOS 10.0 or above.

The App Features

  • Access to advanced filtering and search tools.
  • Access to ProCharts, which is a professional-grade technical analysis tool.
  • Access to TipRanks Research Tab, which can display market insights of experts from top institutions worldwide.
  • Supports one-click trading.
  • Supports stop loss, take profit, and trailing stop loss orders.
  • Supports cryptocurrency trading and offers ready-made crypto portfolios.
  • Users can switch between private and public profiles.

The copy trading feature is particularly suitable for beginners because it allows them to observe expert traders and copy their trading activity. This allows them to generate money with less effort, while at the same time, they could use the time to sharpen their skills. Once they're confident, they can start trading on their own.

🌐 Website
www.etoro.com
Leverage
1:400
💼 Regulation
💲 Min Deposit
$200
Year Established
2007

Accepts US traders
Personal manager
Trading contests
Segregated accounts
Free education
Compensation scheme
Negative balance protection
Swap
Low spread eur/usd
Hedging
Islamic account
Affiliate program
Trading via API
Interest rate on funds
Copy trading
WebMoney
PayPal
Skrill
Wire transfer
Neteller

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is CopyPortfolios powered by Machine learning Al. Beyond developing CopyPortfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.

 

Best Risk Management Tools – Plus500's Trading Platform

Plus500 is a top broker that was founded in 2008 and is currently under the regulation of the FCA, ASIC, FMA, and MAS. The broker offers a good range of trading instruments, including CFDs and shares.

Plus500 offers an excellent trading platform, particularly when it comes to risk management. Since CFD trading is often associated with a high risk of losing capital because of high leverage, traders need to have a good risk management system in order to limit the trading risks. Therefore, Plus500's trading platform is more suitable for CFD traders who use leverage in their trades. The app can be directly installed from the Google App Store and currently, it has 5 million installs worldwide. Note that only traders with Android 5.0 or above can use the app.

The App Features

Regarding risk management, there are several features that traders can use:

  • Stop limit or Close at Profit – able to specify a price level at which the active position will be closed and gains will be locked in.
  • Stop loss or Close at Profit – able to specify a price level that aims to limit the loss of an active position.
  • Guaranteed Stop – ensures the limit on potential losses and minimizes the risk of slippage.
  • Trailing stop – ensures the preservation of profits and places a stop loss that will update automatically depending on the price direction.
  • Negative balance protection – ensures the trader won't lose more than their initial deposits.

In addition, Plus500 allows customers to set price alerts. You can set the app to send you real-time email, SMS, or push notifications based on price, trader's sentiments, and percentage of change (daily or hourly). 

🌐 Website
www.plus500.com
Leverage
1:300
💼 Regulation
💲 Min Deposit
$100
Year Established
2008

Bonuses
PayPal
Skrill
Wire transfer

Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice.

Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.

Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.

When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.

Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.

To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.

Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.

Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.

Based on the statistics, 76.4% of Retail account owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warns traders to consider their understanding of how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.

Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.

Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident in their trading activity. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.

In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.

As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).

For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 can be accessed in 24 languages.

Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.

 

Best Forex Trading Signals: FXCM's Trading Station

FXCM is one of the best forex brokers in the world which was established in 1999. It is currently regulated by the FCA and ASIC. The broker offers nearly 300 CFDs in total, including fractional shares and 42 currency pairs.

FXCM offers an in-house trading platform called Trading Station. The platform is widely recognizable for free trading signals that are also accompanied by an intuitive interface, customizable signals, free trials, and SMS notifications. The mobile app of the platform has been installed more than 500k times on the Google Play Store. To use this app, you need to own Android 4.0 or higher. If you're an Apple user, you'll need iOS 9.2 or higher.

The App Features

Trading Station offers excellent trading signal features with a free 14-days of trial. The service basically gives a bunch of trade ideas that you can apply to your live trades. Once you subscribe, you'll get suggestions about the best entry prices and exit points for as many as 39 currency pairs. Remember that there is no guarantee that these suggestions are accurate though, so always consider the risk before taking any action.

Apart from its excellent trading signal service, Trading Station also has several other useful features, such as:

  • Live price quotes for over 56 currency pairs.
  • Live market news and research.
  • Real-time economic calendar.
  • Various technical indicators and drawing tools.
  • Interactive charting technology with 13 time frames.
🌐 Website
www.fxcm.com
Leverage
1:400
💼 Regulation
💲 Min Deposit
$1
Year Established
1999

PAMM
LAMM
Segregated accounts
VPS
Managed accounts
Free education
Trading by phone
Skrill
Wire transfer
Neteller

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

Trading with FXCM is supported by enhanced execution with the Liquidity providers' stream pricing through the FastMatch Electronic Communication Network.

FXCM works with several global banks, financial institutions, and other market makers as their Liquidity providers including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank, and Jefferies Financial Services.

This, in turn, enables FXCM to present its clients with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop/limit restrictions, and up to 89% of orders are executed at the requested price or better.

For the trading platform, FXCM is remarkably known for its proprietary product called Trading Station. The latest version of this platform's web display is claimed to be built in Mac Friendly HTML5. It features a range of trading appliances such as integrated news, economic calendar, FXCM's top trading tools, social trading functionalities through FXCM Cloud, customized trading analytics, automated strategies, and advanced charting for better analysis. For flexible traders who prefer trading on-the-go, FXCM has also provided Trading Station in mobile version, both for iOS and Android users.

However, the company's in-house platform is not the only option presented for clients. FXCM also gives the choice to use MetaTrader 4 for clients who are more familiar with MetaQuote's product. Also, ZuluTrade access is enabled for clients with keen interests in copy trading schemes that transcend across brokers.

Instead of classifying account types based on minimum deposits, FXCM chooses to offer trading accounts based on the instruments traded. For FX traders, this broker provides Active Trader and Institutional accounts.

Active Trader is the ultimate account type for retail traders with two-tier pricing. Tier 1 applies a minimum deposit of $25,000 with a $30 commission for 1 million volumes traded, while Tier 2 has no detail on deposit requirement but gives better fee conditions. Spreads in both tiers start from 0.2 pips.

Institutional account, also known as FXCM Pro, is marketed as a wholesale execution and liquidity solution for retail brokers, hedge funds, and emerging market banks. The account presents trading spreads from 0.1 pips and other competitive benefits like API solutions as well as prime brokerage services.

For non-FX traders, FXCM provides a CFD trading account with low spread costs from 0.37 pips (in XAU/USD) and a wide range of class assets from precious metals, soft commodities, and indices.

Last but not least, a collection of in-depth articles is provided to help traders' knowledge and insights on the forex market. Trading tools like FXCM Plus, Market Scanner, Trading Signals, and Technical Levels are also developed to support traders who open accounts in FXCM .

In conclusion, FXCM is an experienced retail broker with a lot of "ammunition" to help traders with its best version of execution, pricing, and tools. It is a well-regulated broker backed with a long history in the financial market, even though it has a dark history in the United States' brokerage industry.

Still, the relatively high standard on minimum deposit ($25,000) puts FXCM as a broker suitable for experienced traders with good money management. It is not recommended for new traders with limited capital.

 

The Best for US Traders: TD Ameritrade's Thinkorswim

TD Ameritrade is a well-known US-based broker that was acquired by Charles Schwab in October 2020. The broker offers everything one might expect from a full-service brokerage company, ranging from forex trading to trading guidance. In terms of mobile platforms, TD Ameritrade uses the Thinkorswim app as the companion to the desktop platform of the same name.

Thinkorswim pretty much has all the functions of the web-based platform, including futures and forex trading, zero-commission stock trading, CNBC news feeds, chat support, real-time price quotes, customizable charts, and more. You can install the app directly from the Google Play Store. It currently has over 500k installs worldwide.

The App Features

  • Full access to the US stock market.
  • Access to over 400,000 technical indicators through the FRED.
  • Access loads of financial instruments with real-time prices.
  • Social media sentiment analysis.
  • Stock scanner.
  • Various risk management tools.
  • Provides ThinkScript for automated trading strategy.
  • Live market news and insights exclusive from CNBC.
  • Lightning speed order execution of 7 ms.

Despite covering all the basics that every broker needs to have, this broker mainly targets American clients so their service may not be available in certain countries like Canada and Germany.

From the explanation above, we can see there are several trading platforms that offer excellent features for mobile users. Each has its own specialty, so they might be more suitable for certain types of traders. In that case, if you are currently looking for a trading platform, you just simply have to match the platform's specialty to your trading style and preference. Most importantly, always check the safety of the broker and consider the risks. To try all the features, you can try using a free demo account.