Best Forex Trading App in the UK for 2022

Looking for a Forex Trading App? Not an easy mission, since the market is flooded with mediocre forex trading apps.

We have done the research, and in this article, we will list the Best Forex Trading Apps in UK.

Here Are The Best Forex Trading Apps in UK:

• Best Forex Trading App for Automated Trading: AvaTrade
• One of the Best Forex Trading App for CFDs: Plus500
• Best Forex Trading App for Advanced: CMC Markets
• Best Forex Trading App with a Low Minimum Deposit: Forex.com

Which is the Best Forex Trading App for Automated Trading? 

AvaTrade

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AvaTrade represents the top tier of online brokers.

With a combination of their own software and third-party platforms, you'll gain access to some of the best trading services and features.

What we like

✔ Easily integrated trading robots

✔ Commission-free trading

What we don't like

✔ A limited selection of assets

✔ Rather high spread on certain assets

✔ Easily integrated trading robots

✔ Commission-free trading

✗ A limited selection of assets

✗ Rather high spread on certain assets

Go to Avatrade ➤

Features

Fees: 0% commission but spread on each trade
Demo Account: Yes
Min Deposit: £100
Deposit Options: Debit & Credit Cards, Skrill, Neteller, Webmoney
Assets: 1,000 assets
License: Central Bank of Ireland, ASIC, FSCA, FSA

Ratings:

Rating by our editorial team

users gave the score of ERROR/5

448 users gave the score of 4.2 /5

8,061 users gave the score of ERROR/5

4 users gave the score of 4.8/5

Total score:

8,509 users gave the score of 2.18/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

AvaTrade has made a name for themselves as one of the leading software developers around.

In addition to having five trading platforms for desktop users, AvaTrade also offers a forex trading app called AvaTradeGo, and it’s one of the most advanced mobile trading apps on the market right now.

Note that your AvaTrade account also gives you access to download the MetaTrader 4 mobile app. Is Avatrade the best forex trading app in the United Kingdom? They are definitely on our top 5 list at least.

Which is one of the Best Forex Trading App for CFDs?

Plus500

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When you trade with Plus500's app, you will be using the highest-ranked trading app for both Android and iOS.

You will also gain access to some of the world's best mobile trading features and a great selection of asset classes.

What we like

✔ Easy to use mobile software

✔ Competitive spread

✔ Top rated in both app stores

What we don't like

✔ Limited monthly transactions

✔ Only 2,200 CFD assets on offer

✔ Easy to use mobile software

✔ Competitive spread

✔ Top rated in both app stores

✗ Limited monthly transactions

✗ Only 2,200 CFD assets on offer

Go to Plus500 ➤

Features

Fees: Overnight Funding, Currency Conversion Fee and Inactivity fee (read more about Plus500 fees here)
Demo Account: Yes
Min Deposit: £100
CFD Assets: 2,000+
License: FCA, CySEC, ASIC, FSCA, MAS

Ratings:

Rating by our editorial team

users gave the score of ERROR/5

5.2K users gave the score of 4.1 /5

99,476 users gave the score of ERROR/5

16 users gave the score of 4.4/5

Total score:

104,676 users gave the score of 2.15/5

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 has been named the best CFD provider in the UK, Spain, and Germany by the Investment Trends 2019 Leverage Trading Report in the UK and Spain. In 2018, Plus500 was named the best CFD mobile platform by the Investment Trends 2018 Australia CFD report.

Plus500 is one of the Best CFD trading apps in the world and possibly the best app on the UK investment market, period.

They’ve definitely managed to develop one of the top trading apps, and that is an impressive feat on its own.

The app was developed by Plus500’s own team and is both sleek and very easy to use. It allows you to trade CFDs on 60+ currency pairs from all over the world. What really separates the Plus500 app apart from every other app is that is compatible with Apple Watch.

Compared to the regular app, the Apple Watch app is limited, but we think it’s an excellent and highly innovative solution.

Which is the Best Forex Trading App for Advanced?

CMC Markets

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CMC Markets is a global trading service based in the UK but with customers and offices all around the globe.

A combination of great trading tools, tons of assets, and long experience in the industry make CMC Markets an excellent choice for most traders.

What we like

✔ Huge selection of assets

✔ Well-established broker

✔ Top-notch trading platform

What we don't like

✔ Complicated registration

✔ High spread on stocks

✔ Fees on many transactions

✔ Huge selection of assets

✔ Well-established broker

✔ Top-notch trading platform

✗ Complicated registration

✗ High spread on stocks

✗ Fees on many transactions

Go to CMC Markets ➤

Features

Fees: 0 commission on FX and CFDs
Demo Account: Yes
Min Deposit: Zero
Assets: 10,000+
License: CySEC, FCA, ASIC

Ratings:

Rating by our editorial team

users gave the score of ERROR/5

209 users gave the score of 4.1 /5

2,282 users gave the score of ERROR/5

5 users gave the score of 4.6/5

Total score:

2,491 users gave the score of 2.03/5

Between 76% of retail investor accounts lose money when trading CFDs.

We are not the only ones that wholeheartedly believe that CMC Markets offers one of the best forex trading apps in the UK. You see, over the years, CMC has been awarded not one but several prestigious awards for their forex trading apps.

As often is, CMC Markets also offers CFDs and spread betting, making it one of the greatest all-around online brokers on the UK markets ever.

If you’ve never traded forex in the UK before, we suggest you open a CMC Markets demo account before you get started. Otherwise, you can just go ahead and start trading with this incredible UK forex trading app.

Which is the Best Forex Trading App with a Low Minimum Deposit in the UK?

Forex.com

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Forex.com is a top forex broker with a great reputation, 80+ currency pairs, and a selection of trading platforms suitable for any and every trader.

Even though this broker offers other assets as well – mainly CFDs – what sets them apart from their competitors is their fantastic forex trading service.

What we like

✔ Offers MT4 and an Advanced Platform

✔ Unparalleled forex service

What we don't like

✔ Poor selection of CFDs

✔ Long processing times for certain withdrawals

✔ Offers MT4 and an Advanced Platform

✔ Unparalleled forex service

✗ Poor selection of CFDs

✗ Long processing times for certain withdrawals

Go to Forex.com ➤

Features

Fees: Commission-free forex trading
Demo Account: Yes
Min. Deposit: $100
Assets: 300 assets, including 80+ FX pairs.
License: FCA, CySEC, etc.

Ratings:

Rating by our editorial team

users gave the score of ERROR/5

users gave the score of ERROR/5

1,551 users gave the score of ERROR/5

3 users gave the score of 4.7/5

Total score:

1,551 users gave the score of 1/5

Between 73-89% of retail investor accounts lose money when trading CFDs.

Trading forex with Forex.com is a great pleasure, especially on a mobile device where you can pick between MetaTrader 5 or the advanced platform. But that shouldn’t come as a surprise considering the broker’s name.

With more than 85+ currency pair on offer, you’ll never run out of great trading opportunities either. Still, if you want to try something else, you can always trade cryptocurrencies and several other assets, including stocks, with this forex trading app.

When it comes to forex trading, we do suggest you use the MetaTrader 5 app because it is, as mentioned, one of the best forex trading apps ever. And if you haven’t used MT5 before, you can start by opening a demo account.

Guide for Traders in the UK

Looking for the best forex trading app in the UK? This is one of the most comprehensive articles available on trading apps available in the United Kingdom.

For every year that passes, the software we rely on for our trading goes through major developments, and lately, nothing has been developing as fast as the forex trading apps.

It’s a tool that all trading companies have offered for years, but up until recently, it wasn’t very important since the technology wasn’t good enough to excite anyone.

But the technology has now caught up, and the best forex trading apps are now much better than anyone could have ever expected.

For example, a good forex app lets you not only oversee and follow your open positions but they let you open and close new positions freely and they can even be used for analytic work with optimized mobile charting tools.

In other words, you can handle every part of your portfolio directly on a tablet or a smartphone.

Since the industry has become so prominent, it’s become increasingly more important to make sure that you use the best trading app available, which is why this list was created in the first place.

We have spent long days and even longer nights testing and evaluating trading apps from hundreds of forex apps and have managed to slim down the list to the five best forex trading apps in the UK.

How to Choose a Good Forex Trading App?

Before we get started with our recommendations, we wanted to provide insight into how our evaluation process works and why these apps can be considered the best apps.

Naturally, what software you like is a very personal choice and what works really well for us might not work as well for the next person.

Although, there are a few aspects that we all can agree on that are necessary for the best mobile software.

For example, a forex trading app in the UK needs to be state of the art and available on at least all new Android and iOS devices, but preferably also on Windows phones.

It shouldn’t matter if you like to trade on an iPhone or an Android tablet. Also, the app needs to be easy to use and have all the tools we need to trade on the go including deposits and withdrawals.

But besides the obvious, there are more specific features that set the average trading app apart from the best forex trading apps.

In our opinion, the best UK trading apps are available to use with demo accounts, they have unique features that other apps don’t provide, they are aimed towards the British market, and they need to be able to handle large trading volumes so even the most active day trader can enjoy them.

If there is anything special about any of the apps we’re about to recommend, we’ve pointed it out.

Otherwise, we’ve focused our attention on summarizing what makes each and every trading app so good.

Forex Trading App Regulation

We would never recommend a trading app that we haven’t tried ourselves and that we wouldn’t feel comfortable using on a daily basis.

But even though our personal opinion is very important in our reviewing process, there is one factor that we consider more important than every other requirement, and that is safety!

In order for us to even consider recommending an app or service to our readers, the forex app, and the company that owns the apps have to be licensed and regulated.

In other words, the first thing we do before we even get started with our reviewing process is to double-check that the app has the licenses needed to operate in the jurisdictions they’re targeting.

We double-check this by looking for their license number on the forex trading apps website before we double-check that information with the regulatory body connected to the app.

When it comes to forex trading apps the UK, the FCA is the main body that is responsible for the regulation of forex apps, but a license from CySEC in Cyprus is also more than enough.

However, most of the apps we recommend have a range of licenses and approvals from most of Europe’s leading regulatory bodies including those in France, Sweden, Germany, Italy, and so forth.

Are the Best Forex Trading Apps UK Safe?

Yes, all the forex trading apps recommended on this page are 100% safe.

We know this because they have been licensed and authorized, and they are regulated by some of the leading financial agencies in the world.

Moreover, we have studied these apps closely, read reviews, and checked the opinions of customers on the mobile software to ensure that everyone is happy with the tools.

We only recommend the best of the best on this site, and the forex trading apps on this page is not an exception.

As you can imagine, it is within our best interest to only provide you with recommendations for trading platforms that you will thrive while using.

Therefore, every forex trading app or other trading services we recommend will provide you with a safe trading environment.

That being said, the best way to protect yourself from unnecessary losses is to open a demo trading account with any of the listed forex trading apps.

A demo account will offer you the necessary practice and experience that will make you a better trader.

What is Forex Trading?

We’re going to assume that you have an interest in forex trading since you’ve ended up on this page, and if you’re only looking for the best forex trading apps, you can continue to the next section of this page. However, if you’re new in the world of currency trading, we advise you to learn a bit more about forex trading and the market first. Because of that, we’ll offer you a quick summary before we get started with recommending forex trading apps.

Forex trading is a form of trading where a trader buys and sells currency pairs on the foreign exchange market which is by far the largest financial market in the world. In fact, the international foreign exchange market has a daily turnover of many billions of dollars, dwarfing all other markets by large margins.

Since currencies and their relationships with each other is something that affects us all in our daily lives, the forex market is a market that most can relate to and that many have an interest in. Therefore, it’s also one of the most popular markets for private traders. For example, in the UK most forex traders are interested in trading the GBP with other major currencies such as the USD and the EUR.

That being said, the forex market can be a complicated one, and you need to make sure that you truly understand it before you start trading on a forex app. If you want to learn more about the market, we suggest you check out our comprehensive forex trading guides.

Best Tips For Use Of Trading Apps

Educate Yourself – The best risk management when trading forex or any other type of asset is education. By ensuring that you understand the market and the currencies you’re trading, you will prepare yourself and improve your chances of succeeding.

Don’t be Spontaneous – This is one of the hardest things to master when trading. It is important that you never open a position based on a feeling or a guess. Instead, you need to plan and analyze every opportunity and only trade when you are convinced that you think you know what’s going to happen.

Never Chase Loses – We’ve mentioned this before but it’s still an important lesson to learn. Everyone makes bad trades and loses money at times, it’s a part of trading. However, when it happens you need to keep your head cool and not let your emotions get the best of you. Chasing losses is a recipe for disaster and a great way of worsening an already bad situation.

Learn Money Management – You must learn how to handle and manage your money and assets in a smart and frugal way. For example, always set a budget and stick to it, never invest money you can’t afford to lose, and never spend money intended for something else on trading.

Use a Demo Account – A good way of putting all of these lessons in to play is by opening a risk-free demo account. With this account, you can practice your skills and newly found knowledge, you can learn how to analyze the market, you will get used to losing money and the negative feelings surrounding that, and you will get a better idea of how to handle a trading account full of money.

Some people might even argue that a demo account is essential for anyone using forex trading apps and, in our opinion, it’s a tool that shouldn’t be overlooked.

Conclusion

We’ve spent more than 150 hours testing different forex trading apps to find the most reliable and suitable for traders of different trading skills. And we also hope our list will help them to choose the best one faster.

Note: Don’t hesitate to leave a comment below in case you have any questions regarding trading apps, safety, day trading, investments, financial systems, or anything else that might come to mind while spending time on our website. We promise to answer you as soon as possible.

Our Author:

Adam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years. Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.