Best Forex Trading Apps in Europe in 2024

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Updated on: April 12th, 2024

Whether you are a professional or a beginner in Forex trading, accessing the recent market data is essential. Investors generally look for a trusted Forex trading app to track the daily trading trend anywhere. With the number of apps developed in a year, some Forex traders in Europe choose the wrong ones, resulting in financial losses.

This is why we reviewed and rated the best foreign trading apps in Europe for Android and iPhone. It’s a comprehensive list of reliable Forex trading apps for Europeans, and it will be up to you which among them you’ll download on your tablets and mobile devices.

Compare Top European Forex Trading Apps

Free $100,000 Demo + Low Commissions

Min Deposit: $50

4.8
Up to 20% Bonus + Free Demo Account

Min Deposit: $100

4.7
Free $10,000 Demo + $2.25 commission

Min Deposit: $100

4.85
Up to 50% Bonus + $10,000 Demo Account

Min Deposit: $100

4.8
Up to 50% Bonus + Forex Demo Account

Min Deposit: $50

4.45

List of The Best Forex Trading Apps in Europe

Forex Trading App Licenses Software General rating
FP Markets ASIC, CySEC, FSA (SC), FSCA, MiFID MetaTrader 4, MetaTrader 5, cTrader, TradingView 4.8
Fusion Markets ASIC, VFSC, FSA-S MetaTrader 4, MetaTrader 5, MAM, MetaTrader 4 Mobile, Webtrader for MT4 4.6
AvaTrade ASIC, CySEC, DFSA, FCA, FMA, FSCA, MAS, MiFID WebTrader, MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGo 4.6
IFC Markets CySEC, FSC, LFSA, BaFin, FINMA, ASIC NetTradeX, MetaTrader 4, MetaTrader 5 3.9
easyMarkets ASIC, CySEC MetaTrader 4 4.7
Vantage Markets AFSL, ASIC, FCA, CIMA, VFSC MetaTrader 4, MetaTrader 5 3.4
Blackbull Markets FMA, FSPR, FSA,  WebTrader, MetaTrader 4, MetaTrader 5, TradingView 3.7
Fortrade FCA, ASIC, IIROC, CySEC, FSC MetaTrader 4 3.9

How Do We Test the Best Forex Trading Apps in Europe?

Thorough research is used, and various considerations of the above factors are used to assess the quality of the trading apps in today’s market. Our experts look into the range of Forex pairs available at every broker and their nominal spreads. Also, we access the app and dive into its features to see whether the broker’s actual spreads coincide with what is advertised for each Forex pair. 

As we navigate the app, we also look into the technical analysis tools, customizability, and trade execution. The additional analysis features like the trade signals and news feeds are also assessed to see how straightforward they are to use and if they have helpful information for traders. Most importantly, we also checked the apps’ accessibility to features like customer service, licenses, and payment methods.

The Best Forex Trading Apps in Europe Reviewed

1. FP Markets Trading App

Traders looking for a low-cost broker for Forex trading use FP markets trading app. The FP Markets app comes with more than 10,000 tradable symbols. The various awards the app has received in 2024, like the Best Zero Spread Forex Brokers, is an apparent justification for being an excellent Forex trading app in the United Kingdom and Europe.

FP Markets mobile trading app

Overview

Forex Assets

70+

Minimum Deposit

$100

Fees in GBP/USD

0.0 pips

Payment methods

Debit/Credit cards, Apple Pay, Google Pay, Neteller, Perfect Money, Skrill, AstroPay, Bitcoin, Litecoin, Ethereum

Inactivity fee

None

2. Fusion Markets Mobile App

Fusion Markets mobile app is a hassle-free Forex trading app with low to no trading fees. It is accessible through the MetaTrader platform, one of Forex traders’ favorites. The app is intuitive and user-friendly, making it more navigable, especially for new users. Besides the zero deposit fee, most withdrawals at Fusion Markets are also at no cost.

Overview

Forex Assets

55+

Minimum Deposit

$0

Fees in GBP/USD

0.9 pips

Payment methods

Debit/Credit cards, PayPal, Skrill, Neteller, Jeton Wallet, Fasapay, Perfect Money, Doku, Online Naira, Bank Wire Transfer, Cryptocurrencies

Inactivity fee

None

3. AvaTrade AvaTradeGO App

AvaTradeGO is a new mobile FX and CFD trading app offered by Avatrade. With more than 250 trading instruments through its intuitive app, AvaTrade allows traders to maximize the fast execution speeds and tight spreads upon trading popular currency pairs. It provides an optimal trading platform, security, and transparency for online trading. While some traders want complex features for their foreign trading apps, Avatrade’s app is user-friendly without too many intricacies.

AvaTradeGO App

Overview

Forex Assets

55

Minimum Deposit

$100

Fees in GBP/USD

0.9 pips

Payment methods

Debit/Credit cards, Neteller, Wire Transfer, Skrill, PayPal

Inactivity fee

$50

4. IFC Markets Trading App

Both experienced and beginners can maximize Forex trading at the IFC Markets app. There is portfolio quoting and consistent stock indices, which are helpful in your trading journey. The app is available on the MetaTrader 4, MetaTrader 5, and NetTradeX software. 

IFC Markets Trading Terminal

Overview

Forex Assets

45+

Minimum Deposit

$1

Fees in GBP/USD

0.4 pips

Payment methods

Bank Wire Transfer, Debit/Credit cards, Skrill, WebMoney, TC Pay, Bitcoin, Western Union

Inactivity fee

None

5. easyMarkets Mobile Trading App

easyMarkets mobile trading app is the best forex trading app for beginners. We say that because there are two essential tools exclusively available at easyMarkets. First is the dealCancellation where traders can undo trades for up to six hours with a fee. Meanwhile, a Freeze Rate button lets traders up to three seconds of quote freeze. 

easyMarkets Mobile Trading App

Overview

Forex Assets

60+

Minimum Deposit

$25

Fees in GBP/USD

0.7 pips

Payment methods

Bank Wire, Debit/Credit cards, AstroPay, WebMoney, UnionPay, Neteller, Skrill, BPAY, WeChatPay

Inactivity fee

None

6. Vantage Markets Trading App

The Vantage app incorporates MetaTrader 4 and 5 couples with various trading tools and comprehensive education and research content. Vantage Markets is generally suitable for beginners in Forex trading with its lower-risk securities and extensive education content.

Vantage App

Overview

Forex Assets

57

Minimum Deposit

$50

Fees in GBP/USD

0.0 pips

Payment methods

Debit/Credit cards, Neteller, Skrill, AstroPay, FasaPay, China Union Pay, JCB

Inactivity fee

None

7. Blackbull Markets Trading App

The Blackbull mobile app is easy to use, and it provides access to rich data. Blackbull Markets’ modest research and sparse education have significantly improved in 2024 amidst the tough competition in the Forex trading industry. The app has an in-house market commentary, which is being updated daily. Also, Blackbull Markets is available on reputable trading software such as MetaTrader 4 & 5. 

Blackbull Mobile App

Overview

Forex Assets

72

Minimum Deposit

$0

Fees in GBP/USD

0.1 pips

Payment methods

Bank Wire Transfer, Debit/Credit cards, Cryptocurrencies, FasaPay, Neteller, Skrill, UnionPay

Inactivity fee

None

8. Fortrade Mobile App

Last but not least on our list we have Fortrade mobile app. Clear and straightforward trading is what this EU-based Forex trading app is all about. This means it is easy for traders to navigate and trade through the app. There are training resources, an economic calendar, and currency converters so users can trade effectively wherever they may be.

Fortrade Mobile App

Overview

Forex Assets

50+

Minimum Deposit

$100

Fees in GBP/USD

2 pips

Payment methods

Debit/Credit cards, Neteller, PayPal, Skrill, Moneygram, bank transfers

Inactivity fee

$10

How to choose the best trading apps in Europe?

Trying out each of these Forex trading apps is surely not enough. There are several criteria to look into to call an app the best. Before downloading your preferred trading app, the following points are helpful.

1. Licenses

The best Forex trading apps in Europe should secure the traders’ investment capital. This is one of the most essential factors when choosing a Forex trading app. To distinguish which app and broker has the legitimate license, ensure a world-class financial institution regulates it. In the United Kingdom, it is the Financial Conduct Authority or the FCA. Besides this, it could also be that other authorities license the app. The more certifications the trading app has, the better.

2. Trading platform

Forex traders need an app to navigate and explore their options seamlessly. Besides the attractive user interface that the app has, it must also be customizable to adapt to your needs. Ensure that it’s speedy and easy to use to improve trading experience. Some apps provide free trials or demo accounts so you can compare them against each other.

3. Fees

As reflected in the illustrations above, fees are involved regardless of the Forex trading app you choose. Investors have different budgets, so look for trading apps with charges that coincide with your capital. The spread, also known as the ‘commission,’ is one of the common fees traders encounter on the app. This is a cost you incur for every opened and closed trade. Other fees include inactivity, overnight, and transaction fees.

4. Payment channels

The best Forex trading apps in Europe include debit and credit cards, e-wallets like PayPal, Netteler, AstroPay, Skrill, and bank transfers. Choosing the app with flexible payment methods would be fitting for the best trading experience. Remember that you can only withdraw to the same account and payment channel where your latest deposit came from. So, to avoid the risk of being unable to cash out your funds, choose a trading app that supports a payment option you are comfortable using.

5. Customer support

It is best to choose an app with reliable customer service. They must also be responsive and available in various communication channels like live chat, phone, and email. Most of the best Forex trading apps in Europe have available customer support agents 24/7, while others operate five days a week.

The Steps to Register a Forex Trading App Account

The best thing about Forex trading apps is that you can access them anywhere. You only need to download the app and register for an account. However, a trader must consider some considerations for a successful registration process. Follow the steps below.

  1. Registration: You can use the links on this page to access the official websites of the best Forex trading apps in Europe. Remember to use your smartphones or tablets to install the app directly. Like any online service, trading apps generally have straightforward registration steps. You will input your name, address, mobile number, and financial details like your income. A knowledge test might also identify the trader’s leverage levels. This is to protect you from possible losses and unnecessary risks. 
  2. Verification: Since trading apps are duly regulated, verifying your identity before trading is necessary. The broker will ask for copies of your passport, official ID, or driver’s license, including your proof of residence. There is no way you can skip this process, and remember to provide factual and verifiable personal information. 
  3. Make a deposit: Another common fee on trading apps is the minimum deposit. This is the key to accessing your account. While most apps require deposits, some remove this and will allow you to open your account and start trading with the capital you have. 
  4. Start trading: If this is your first time using the trading app, it is best to familiarize yourself and study trading before getting started. You can either use a demo account for a risk-free trading experience.

Beware of Scams

Getting into Forex trading is not some game. Besides the investment one puts into, trading currency pairs can lead to potential gains and losses. Since the apps are accessible 24/7, it could also mean they are prone to scams and scams and fraud. You can rely on the best Forex trading apps in Europe with robust security protocols to minimize such risks. 

Crafting a comprehensive trading strategy and establishing a solid management plan to secure your investments would be best. Most importantly, only invest with the capital you can afford to lose. Also, most apps provide resources about market developments and trends to make well-informed trading decisions.

Forex Trading App FAQs

Is Forex trading legal in Europe?

Yes. Besides using a licensed Forex trading app, it is also fitting to ensure legal trading activities. This means it will involve some taxation matters. Amateur traders might not need to pay tax on forex trading profits; however, you will be liable to pay taxes if you are an investor who makes forex trading your primary income.

How does one choose a broker?

The primary consideration must be the safety of your finances and personal details. Your chosen brokers must be regulated by appropriate authorities in Europe, including the FCA. Customer service, trading fees, and more are comprehensively discussed in the previous section of this article.

Are the trading apps compatible with iOS and Android?

Yes. Most forex trading apps, if not all, are supported by iOS and Android. This means all smartphones and tablets can be used to download the apps so you can conveniently trade, regardless of location.

How does one become a Forex trader in Europe?

First, you must be eighteen and know how currency markets work, including the risks. You will then follow the steps to register a Forex trading account. The demo account is yours if you still need more time learning the ropes of forex trading. Start with smaller investments and slowly increase your capital as you become more strategic.

Can you get rich by Forex trading?

It is possible, but it will generally not be easy. The market is accessible because of its access to leverage and low entry barriers. Successful Forex trading requires significant effort, time, and willingness to take calculated risks.

Is Forex trading possible without a broker?

Yes, but it can be slightly challenging if you are new to the industry. Choosing to trade without a broker saves you from paying a middleman. You will exchange one currency for another currency type at a bank or any registered foreign currency exchange outlet and pay a relatively high exchange rate. This type of Forex trading will not allow you to use leverage, practice using the demo account, or access educational resources.

Final thoughts

Having the right broker and the best Forex trading apps in Europe helps traders make significant profits by providing them access to practical trading tools and minimizing trading fees. The best apps can also conduct deep analysis, which could help traders discover profitable Forex trading opportunities.

Of course, the list above does not provide any final decision on your behalf. Instead, this will guide and reference your research and help you find the Forex app that best suits your trading patterns and personal circumstances. It still pays to look into some tips, references, and other resources as they make you knowledgeable about the trends in foreign exchange.

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