4 Best Forex Trading Apps Platform for Android
Trading applications are one of the basic needs that must be owned and chosen properly by forex traders. This is because the application of the trading platform is concerned with the availability of real time data and analytical tools needed by every trader.
This trading platform can be present in several forms ranging from websites, mobile applications, and desktop applications. You can use it to help forex trading activities.
1. MetaTrader
MetaTrader both MT4 and MT5 is one of the platforms widely used by traders and is offered by various brokerage companies around the world. MetaTrader is a trusted trading application. This is because MT4 and MT5 provide a platform with a high level of security, high data quality, and an easy-to-understand interface.
MetaTrader is a trading platform developed by MetaQuotes, a software company from Russia in 2005. By MetaQuotes, the license for this platform is sold to forex brokerage companies around the world who want to provide online trading services to their customers.
MetaTrader consists of two accounts, namely a server account which brokerage companies can use to manage trades in their company and a user account, which is used by customers for trading. So, to use this application, traders need to create an account with a brokerage company first.
To date, both MT4 and MT5 have been downloaded by more than 10 million users in the world and have received reviews of 4.8 and 4.6 stars out of 5 stars on the Google Play Store, respectively.
Operating system: Windows, iOS, Android.
Available in the form of: Mobile application, desktop application, web trading.
Features: Trading robot, 30 technical indicators (MT4), 80 technical indicators (MT5), 3 chart types with 9 timeframes (MT4), unlimited charts and 21 timeframes (MT5), economic calendar, fundamental analysis, trading signals, real data time.
Supported instruments: forex, stocks and other securities.
2. TD Ameritrade
TD Ameritrade is a forex brokerage company that was established in the United States since 1971. Since the end of 2010, this company has provided an online trading platform that customers can access via iPhone or Android. Currently, the TD Ameritrade application has been downloaded by more than 1 million android users and has received a 3.7 out of 5 star review on Google Play.
Operating system: Windows, iOS, Android.
Available in the form of: Mobile application, desktop application, web trading.
Features: in addition to various technical indicator features, TD Ameritrade also provides information on research results from third parties such as CNBC or Reuters.
Supported instruments: forex, stocks and other securities.
3. TradingView
TradingView is one of the most widely used trading analytics software in the world. On Google Play alone, this application is already used by more than 10 million users worldwide. Not to mention counting the number of tradingview users via the website or iOS.
Currently this application provides 3 types of accounts, namely pro accounts, pro+ accounts and premium accounts. The subscription price for this account varies from 15 USD per month to 60 USD per month making it a trader app for beginners. We've written a full TradingView review if you're interested in exploring its features.
But you don't need to worry, you can access the charts on TradingView for free on the website. It's just that, when accessing the free version, you can only use a limited number of technical indicators and there are ads.
Operating system: Windows, iOS, Android.
Available in the form of: Mobile application, desktop application, web trading.
Features: 5-25 technical indicators in one chart (depending on account), 2-8 charts in one computer screen and so on.
Supported instruments: forex, stocks, cryptocurrencies, commodities and other securities.
4. Investing.com
Investing.com is a forex trading app based on mobile applications and websites. Currently, this platform has been downloaded by more than 10 million users on the Google Play Store and has received a 4.5 out of 5 star review.
Not only providing a forex trading platform, Investing.com can also be used to trade other instruments such as indices, commodities to CFDs and cryptocurrencies. Moreover, this company also provides brokerage services specifically for handling one instrument. For example, you want to trade forex, then you can choose a forex broker.
Investing.com is also a small capital forex trading application. You only need to pay 5 to 8 USD per month.
Operating system: Windows, iOS, Android.
Available in the form of: Mobile application, desktop application, web trading.
Features: Various technical indicators, economic calendar, research, news. There are also 7 trading training books that can be downloaded for free.
Supported instruments: forex, stocks, cryptocurrencies, commodities and other securities.