The rise of mobile forex trading has transformed how UK traders engage with the global currency markets. With the widespread use of smartphones and tablets, forex enthusiasts can now access trading platforms and execute transactions at any time, anywhere. If you are eager to tap into the potential of the forex market while on the go, we encourage you to continue reading.
Eightcap
Plus500
CMC Markets
eToro
Pepperstone
IG
Axi
FxPro
ActivTrades
FP MarketsBelow, you can find more information about the mobile trading apps that cater to forex enthusiasts residing in the UK:
- Mobile trading at Eightcap is possible via third-party applications for TradingView. The app is compatible with portable devices running on iOS 16.0 and Android 8.0 or later.
- Plus500 caters to mobile traders with highly intuitive dedicated applications, running on iOS 16.0 and Android 8.0 or above. Both versions closely mirror the functionalities of the broker’s proprietary web platform for desktop.
- CMC Markets delivers a robust proprietary mobile app that enables seamless trading and charting on the go, with users having access to free demo accounts and a social feed.
- Customers of eToro will benefit from a proprietary app that enables new users to practise via a demo account with $100,000 in virtual credits. The broker’s trademark feature, copy trading, is also available to smartphone and tablet users.
- Pepperstone accommodates mobile traders with iOS and Android proprietary apps that offer plenty of great features, including one-click trading, quick chart switching, custom watchlists, demo trading, and comprehensive market analysis.
- The IG mobile app closely replicates the functionalities of the desktop platform, boasting advanced charting capabilities, market alerts, trader sentiment tools, and customisable watchlists. Users can access their accounts with biometrics.
- Axi’s native apps for Android 6.0 and iOS 13.0 enable clients to trade popular asset classes like forex, gold, stocks, and indices. Users can conveniently monitor their positions, manage multiple accounts, create watchlists, and set custom price alerts. Separate mobile apps are available specifically for copy trading, allowing customers to follow and replicate the positions of well-versed traders with a single click.
- The FxPro mobile app facilitates trading in over 2,100 financial markets, including forex, futures, metals, energies, indices, and hundreds of stocks. Users have access to full-screen TradingView charts, risk-free demo trading, an economic calendar with price alerts, and multiple tools for technical analysis. The app is compatible with iOS 16.0 and Android 10.
- ActivTrades’ mobile apps for Android 6.0 and iOS 16.4 provide access to over 1,000 financial markets, available for CFD trading and spread betting. Users benefit from various tools for charting, advanced technical analysis, personalised watchlists, and the option to transition from simple to advanced view modes.
- FP Markets provides Android and iOS users with the ability to trade over 70 currency pairs via an intuitive and easy-to-navigate interface that can accommodate beginners and professionals alike. The app supports a wide range of order types, including pending orders. Charting tools and various indicators for technical analysis are also available to mobile traders.
Mobile trading apps offer UK traders a variety of features and tools for technical analysis, risk management, fundamental analysis, and more. These apps typically boast user-friendly interfaces, ensuring an excellent trading experience on smartphones and tablets alike.
How Are Mobile Trading Apps Regulated in the UK?
In the United Kingdom, mobile trading apps operate under a robust regulatory framework designed to protect investors and uphold market integrity. The Financial Conduct Authority (FCA) is the primary supervisor overseeing financial services, including online brokers and trading platforms accessible via mobile devices.
Firms must be authorised by the FCA to offer trading services in the UK. In other words, they need to adhere to strict standards around client protection, risk management, and anti-money laundering procedures.
In addition to local rules, UK-based brokers typically align with broader regulations like the UK’s version of the Markets in Financial Instruments Directive (MiFID II) and the Data Protection Act 2018, which incorporates key principles of the former EU GDPR, now retained in UK law as the UK GDPR. These rules enforce transparency, fair trading practices, and robust safeguards for user data. To maintain compliance, mobile trading platforms are subject to routine audits and oversight by the FCA, ensuring they provide a secure, efficient, and ethical trading environment for their clients.
What Mobile Devices Can UK Traders Use to Trade Forex?
Smartphones remain the most popular choice among UK traders, with both iOS (iPhone) and Android devices offering seamless access to major trading platforms such as MetaTrader 4/5, cTrader, and proprietary broker apps. These platforms are optimised for mobile use, providing real-time price feeds, charting tools, and fast order execution directly from the palm of your hand.
With mobile devices becoming increasingly powerful, UK forex traders can rely on their phones or tablets as fully capable trading terminals. As long as you have a stable internet connection, you are good to go.
Mobile Trading Platforms for UK Traders
Some brokers offer proprietary platforms that can be downloaded and installed on various mobile devices, while others rely on third-party mobile software. Both options tend to be suitable for UK traders utilising smart devices running on major smartphone operating systems.
Among the most popular third-party platform apps UK traders can install on their Android and iOS mobile devices are MT4, MT5, TradingView, NinjaTrader, and cTrader. Each platform comes with its own set of benefits and advanced trading features. Here are some key aspects of these platforms:
MetaTrader 4
MT4 (MetaTrader 4) is a widely used platform among UK traders, known for its user-friendly interface, advanced technical analysis tools, and automated trading capabilities through Expert Advisors (EAs). MT4 has become a benchmark for trading platforms, and its smartphone application boasts real-time market data, push notifications, and more.
The iOS app can run smoothly on any device supporting iOS 12.0 or later. For Android devices, the OS requirements for the MT4 app are Android 5.0 or later.
MetaTrader 5
The successor to MT4, MetaTrader 5 offers enhanced features and capabilities like improved backtesting, optimised trading, and expanded technical analysis tools. Its app can be downloaded from Google Play and the App Store.
MT5 also provides access to a wider range of markets, including stocks, futures, and commodities, making it a more versatile platform for UK traders. MT5’s built-in strategy tester and optimiser enable traders to refine their trading strategies and improve their performance. The trading app is compatible with mobile devices running on Android 5.0 or later and iOS 13.0 or later.
NinjaTrader
NinjaTrader is a popular platform for mobile trading, offering a range of tools and features for traders on the go. With the mobile application, traders can access markets, manage positions, and analyse data from anywhere.
While its app may not offer all the features of the desktop version, it provides a robust and reliable trading experience for UK-based users who need to trade from their mobile devices. UK traders can install NinjaTrader on mobile devices running on Android 7.0 and up or iOS 15.0 and later.
TradingView
TradingView was launched in 2011 and now serves as a popular trading platform for traders in the UK and abroad. The platform has fostered a large community of users and developers, and it features advanced charting and analysis tools, customisable indicators, and scripts.
TradingView’s mobile app is secure, compatible with devices running on iOS 16.0 or later and Android 8.0 or up, and provides access to real-time market data. The platform also has a paper-trading feature perfect for beginners and experienced traders alike. Thanks to its focus on social trading, TradingView has also become a go-to platform for UK traders who want to connect with others, share ideas, and learn from each other’s experiences.
cTrader
With its range of customizable indicators, scripts, advanced technical analysis tools, and automated trading capabilities, cTrader is a staple of the online trading sphere. The platform is also known for its speed, reliability, and security.
Additionally, its mobile app is ideal for forex enthusiasts who need to stay connected to the markets at all times. UK traders can install the cTrader app on devices running on Android 5.0 or up. As for clients using iPhones and iPads, the app runs on iOS 12.0 or later.
Mobile Payment Options Supported by UK Forex Brokers
UK forex brokers offer a variety of mobile payment options to facilitate convenient and secure funding of trading accounts. For forex traders on the go, having access to multiple mobile-friendly payment methods enables them to deposit and withdraw funds quickly and easily.
Additionally, many trading brands support e-wallets, such as PayPal, Skrill, and Neteller, which provide UK forex devotees with a secure and convenient way to manage funds. These e-wallets can be linked to mobile devices, allowing traders to easily deposit and withdraw funds.
Mobile payment options, such as Apple Pay and Google Pay, are also becoming increasingly popular among British forex traders. These services allow traders to link their credit or debit cards to their mobile devices, enabling them to make payments and fund their trading accounts with just a few taps on their screens.
Last but not least, cryptocurrencies are another category of payment solutions worth noting. While not widespread, cryptocurrencies like Bitcoin and Ethereum, as well as crypto wallets, are suitable for some mobile trading apps catering to UK-based traders.
How to Choose a UK Forex Trading App
Choosing a forex broker app catering to UK traders can be a daunting task, but by considering several key factors, you can make an informed decision and find the best app for your trading needs. Here are some essential factors to consider:
- Market Variety: A wide range of currency pairs, including major, minor, and exotic pairs, is an absolute must. The overall market selection should provide you with a range of other markets too, including commodities, stocks, cryptocurrencies, and more.
- Compatibility: Ensure that the app can run on your preferred smart device, i.e. it should be compatible with either Android or iOS. Ideally, the platform will offer an app for either operating system.
- Base Currency Selection: Any broker app that seeks to cater to UK traders should support multiple base currencies, including GBP.
- Payment Methods: A reliable forex trading app has to support a range of mobile-friendly deposit and withdrawal solutions that can be utilised by British traders. A good selection of methods typically includes debit and credit cards, bank transfers, e-wallets, and cryptocurrencies.
- Customer Support: Look for a mobile trading app that provides high-quality support, available around the clock. It is also important that communication can be achieved via multiple channels, including email, live chat, and phone.
- Trading Costs: Both novice and veteran UK traders will benefit from going with a broker that features narrow spreads and low commissions. Additionally, check out the broker’s transaction fees, swap rates, currency conversion surcharges, and inactivity fees before downloading the app.
- Account Types: A good forex trading app will allow beginners to start out with a demo account. The live account options should include both commission-free and zero-spread options, as well as accounts for professionals.
- Educational Resources and Market Analysis: An app that offers educational resources, market analysis, and trading tools will help you make informed trading decisions.
- Platform Variety: Consider a broker that offers excellent trading platforms. The MetaTrader suite is an excellent option, as are other third-party platforms like cTrader.
FAQs
Are mobile trading apps secure?
Mobile trading apps prioritise security to protect users’ personal and financial information. Reputable brokers implement robust security measures, such as encryption, two-factor authentication, and secure socket layer (SSL) technology, to safeguard transactions and data transmission. Furthermore, mobile trading apps in the UK are subject to robust regulation imposed by the FCA.
Are mobile trading apps secure?
Mobile trading apps prioritise security to protect users’ personal and financial information. Reputable brokers implement robust security measures, such as encryption, two-factor authentication, and secure socket layer (SSL) technology, to safeguard transactions and data transmission. Furthermore, mobile trading apps in the UK are subject to the rules imposed by the FCA.
Are forex apps beginner-friendly?
FX applications are usually designed to be user-friendly, making it easier for beginners to navigate and start trading. Many apps offer educational resources such as tutorials and webinars to help new traders understand the basics of forex trading. You may also open a demo account and practice trading without risking real funds.
What instruments can I trade on UK mobile apps?
Trading apps tend to offer a wide range of trading products to their UK clients, catering to diverse interests. Forex pairs, stocks, indices, commodities, and cryptocurrencies are usually among the available products.
What account types can I use as a mobile trader?
You have access to pretty much all account types of your broker of choice. Thus, you may be able to open demo accounts, micro accounts, zero-spread accounts, zero-commission accounts, and more.
Can I contact my broker’s support team on mobile?
Yes, many brokers offer dedicated customer support that can be accessed directly from their mobile apps. This allows traders to quickly and easily get help if an issue arises or they need a question answered while trading on the go.
Mobile support options may include live chat, email, or phone support. Additionally, some mobile apps may provide access to a comprehensive FAQ section or knowledge base, which can help traders find answers to common questions and resolve issues independently.