2025 Forex Trading Application Software Buying Guide - Complete Review of iOS and Android Platforms

As the world’s largest decentralized trading market, the foreign exchange (forex) market differs from centralized stock trading, with variations in quotes among different brokers. With the rise of the internet and retail brokers, the barrier for retail investors to enter has significantly lowered. Today, most forex brokers have launched trading apps, allowing investors to check quotes and place trades anytime and anywhere. This article features 10 legitimate trading apps to help Taiwanese investors quickly find suitable forex trading applications.

How to Choose a Forex Trading App?

Faced with numerous options, identifying genuine platforms becomes the top priority. Many investors have been scammed by fraudulent apps, suffering heavy losses. The following five key indicators can effectively distinguish legitimate brokers from scams:

International regulatory licenses are a hard indicator. Legitimate brokers are regulated by major global authorities, including the UK FCA, Australian ASIC, US NFA, and EU MiFID. Being regulated by top-tier agencies ensures fund safety, making it difficult for scam platforms to obtain such licenses.

Website quality reflects platform dedication. Legitimate platforms invest heavily in creating professional websites. Poorly made interfaces often signal scam platforms that quickly run off after collecting funds.

Deposit and withdrawal experience determines trading satisfaction. Legitimate platforms do not impose withdrawal barriers under the guise of margin or handling fees. If you encounter difficulties withdrawing funds or face extra charges, be immediately cautious.

Spreads and fee structures should be reasonable. Brokers mainly earn from spreads and commissions. Platforms claiming “extremely low commissions” should be scrutinized—are these advantages sustainable?

Localization services impact user experience. Taiwanese investors should prefer trading apps offering Traditional Chinese customer support and support for TWD deposits and withdrawals, enabling quick problem resolution.

Broker Profit Models

Forex brokers mainly fall into three categories. Market Makers (MM) act as both matchmakers and hedgers, primarily profiting from spreads, with quotes close to interbank markets. STP and ECN act solely as intermediaries, connecting traders with liquidity providers, earning through commissions and spreads. Understanding these models helps estimate trading costs.

Top 10 Forex Trading Apps for 2025

Beginner-Friendly: Low barrier, easy to start

Mitrade — Simple and user-friendly, start with $50

Available on Android / iOS

This Australian ASIC-regulated broker (license 398528) has accumulated hundreds of thousands of users worldwide. Its trading app is highly rated at 4.7/5 on the Apple Store for its simplicity. Requires only $50 to start, supports 1x to 200x leverage, and allows two-way trading. Offers TWD deposits/withdrawals, 24/7 Chinese customer support, trades 60 forex pairs, cryptocurrencies, commodities, and over 300 US stocks. Also available via web and desktop (macOS and Windows), providing diverse trading channels.

FXTM — Rich educational resources, frequent promotions

Available on Android / iOS

Founded in 2012 in Cyprus, this broker is regulated by FCA, CySEC, and IFSC, offering over 250 trading products. Minimum deposit is $200, with forex leverage up to 2000x (cent accounts). Its strengths lie in abundant educational content and frequent promotions, suitable for beginners to build trading experience. Supports MT4, MT5, and its own FXTM Trader app. Be aware that inactive accounts over six months may incur fees.

Professional Trader Type: Diverse assets, comprehensive tools

IG Markets — The world’s largest CFD broker

Available on Android / iOS

Founded in 1974, listed on the London Stock Exchange, regulated by FCA, ASIC, FSCA, among others. Offers trading on over 17,000 assets across 11 categories, with up to 200x leverage. Minimum deposit of $300 via debit/credit card; wire transfers are unlimited. IG features proprietary webtrader and mobile apps with extensive charting tools, also compatible with MT4, catering to professional traders. Provides Chinese customer support.

IC Markets — ECN model, industry-low spreads

Available on Android / iOS

Founded in 2007, headquartered in Australia, this ECN broker offers up to 500x leverage. As a true ECN platform, clients connect directly to liquidity providers, enjoying real-time trading and the lowest market spreads. Minimum trade size is 0.01 lots, with a $200 deposit. Supports Ctrader, MT4, and MT5. Note that ECN costs mainly come from commissions rather than spreads.

ThinkMarkets — Flexible leverage, over 4000 trading instruments

Available on Android / iOS

Founded in 2010, regulated by FCA, ASIC, and New Zealand FMA. Forex leverage up to 1:400, with a minimum deposit of $250. Offers over 4000 tradable products, supporting MT4, its own ThinkTrader platform, and mobile apps, ideal for investors seeking a wide variety of assets.

High Leverage Enthusiasts: For Aggressive Strategies

XM — 888x leverage, high risk and high reward

Available on Android / iOS

Founded in 2009, a global online broker regulated by FCA, ASIC, Belize IFSC, and CySEC. Known for high leverage, offering an industry-rare 888x option, with accounts opening from just $5. Supports MT4/MT5, with multiple account types. Suitable for traders willing to accept high risk for high returns.

FOREX.com — 400x leverage, a traditional big name

Available on Android / iOS

Founded in 1999 by Gain Capital, a NYSE-listed company and subsidiary of StoneX, regulated by FCA, ASIC, FSCA, CySEC, and FSA. Offers up to 1:400 leverage, moderate trading costs, proprietary platform, MT4, and MT5. Minimum deposit of $100, suitable for investors seeking transparent regulation and established platforms.

Differentiated Choices: Feature-Oriented

Plus500 — CFD specialist, free deposits and withdrawals

Available on Android / iOS

Founded in 2008 in Israel, listed on the London Stock Exchange (LSE: PLUS), regulated by FCA, ASIC, MAS, FSCA, CySEC. Up to 200x leverage, minimum deposit of $100, notable for fee-free deposits and withdrawals. Be aware that dormant accounts over three months incur a $10 monthly fee.

Easymarkets — TradingView integration, user-friendly

Available on Android / iOS

Founded in 2001, a pioneer in retail forex, regulated by ASIC and CySEC. Up to 200x leverage, minimum deposit of $100, offering 175 trading instruments. Its key feature is deep integration with TradingView—users familiar with TradingView can trade directly within the platform using EasyTrade accounts, improving workflow efficiency. Account tiers and spreads improve with higher levels.

ATFX — Young, efficient, FCA regulated

Available on Android / iOS

Founded in 2015 in the UK, regulated by FCA and CySEC. Rapid growth, focused on customer service and low costs, with up to 400x leverage and a $100 minimum deposit. Uses MetaTrader4, no proprietary platform, so investors need to download the MT4 app.

Top 10 Trading Apps Feature Summary

Data sourced from official websites and public information. Please verify details before investing. Order does not imply recommendation.

What Are the Differences Between MT4/MT5 and Other Trading Software?

For most retail traders, the difference is minimal, mainly a matter of personal preference. Professional traders favor MT4/MT5 because they can install custom trading plugins, but this requires programming skills. Ordinary investors need not delve into programming; instead, focus on developing trading strategies—this is more practical for busy professionals with limited time.

Essential Trading Apps for Beginners

Market Data Inquiry: Jin10 Data, Yahoo Finance

Technical Analysis Tools: TradingView, Financial Square

How Much Starting Capital Is Needed for Forex Trading?

It is recommended to first use free demo accounts to familiarize yourself with trading rules and risks. Since forex trading is mostly margin-based, retail investors do not need large capital to participate. In theory, a few dozen dollars are enough to start.

For example, trading 0.01 lots of AUD/USD on the Mitrade app requires less than $4 in margin at current prices. Use low-cost demo trading to learn the process, then increase position size once confident.

Free Demo Account | 24/7 Online Trading | Zero Commission, Low Spreads | Regulated and Trustworthy | Set Limit and Stop-Loss Orders per Trade

[Register now to start experience]

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