Forex App Trading Guide: The Complete Comparison of the 10 Must-Have Platforms in 2025

The foreign exchange market is the world’s largest decentralized trading market. Unlike centralized stock trading, forex quotes vary depending on the broker, making the choice of suitable trading tools crucial. With the rise of retail brokers and advancements in digital technology, the barriers for ordinary investors to enter the forex market have been significantly lowered. Today, almost every forex platform offers an app, allowing traders to check quotes and place trades anytime and anywhere.

Five Key Points for Choosing a Forex App

To distinguish the quality among numerous forex apps, evaluate from the following five aspects:

Financial Regulatory Licenses are the first line of defense. Globally recognized regulatory agencies include the UK FCA, Australian ASIC, US NFA, EU MiFID, etc. Platforms regulated by these top-tier authorities offer greater security.

Website Quality Reflects Platform Dedication. Legitimate platforms invest resources to carefully craft their official websites. Poorly made websites are often features of scam platforms.

Ease of Deposit and Withdrawal & Reasonable Fees should not be overlooked. Beware of platforms that set difficulties with reasons like “withdrawal requires a deposit guarantee.” Legitimate platforms usually support multiple deposit/withdrawal methods with transparent fees.

Reasonableness of Fee Structure requires rational judgment. Forex brokers mainly profit from spreads and commissions. Promises of extremely low commissions may hide other costs.

Localized Services Are Very Important for Taiwanese Investors. Taiwanese customer support, Chinese educational resources, and local payment options can greatly enhance the trading experience.

Ten Essential Forex Apps for 2025

Mitrade: Beginner’s First Choice, Low Barrier to Entry

Mitrade is regulated by ASIC (License No. 398528) in Australia and has served hundreds of thousands worldwide. Its biggest highlight is simple operation; the app has a high rating of 4.7/5 on the Apple Store. The minimum deposit is only $50, supporting 1 to 200 times flexible leverage, allowing for two-way trading. Notably, Mitrade supports TWD deposits/withdrawals and 24-hour Chinese customer service. The platform offers over 400 assets, including 60 forex pairs, cryptocurrencies, commodities, indices, and over 300 US stocks, with the latest addition of USDT deposit channels. Users can trade via app, web, or desktop software (compatible with macOS and Windows).

Supported Systems: Android, iOS

IG Markets: Choice for Professional Traders

IG is one of the world’s largest forex and CFD brokers, founded in London in 1974, and is part of the FTSE 250. The platform is regulated by FCA, ASIC, FSCA, FSA, among others, offering over 17,000 assets across 11 categories, with leverage up to 200x. The minimum deposit (debit/credit card) is $300, bank transfers are unlimited. IG Markets emphasizes its proprietary web trader and mobile app, equipped with comprehensive charting tools, and also supports MT4, making it very suitable for professional traders. Chinese customer support is available.

Supported Systems: Android, iOS

Plus500: Focused on CFD Trading

Plus500 was established in Israel in 2008 and is listed on the London Stock Exchange (LSE: PLUS). It is regulated by FCA, ASIC, MAS, FSCA, CySEC. Its app offers excellent user experience, with leverage up to 200x, a minimum deposit of $100, no fees for deposits/withdrawals, and Chinese customer support. Note that accounts inactive for over three months may be charged $10 monthly.

Supported Systems: Android, iOS

FOREX.com: High Leverage Options

FOREX.com was founded in 1999 and is a subsidiary of the New York-listed StoneX Group. It is regulated by FCA, ASIC, FSCA, CySEC, FSA, offering up to 1:400 leverage. Trading costs are moderate, supporting multiple platforms including its own, MT4, and MT5. Known for fair and transparent quotes, trusted by major global financial institutions.

Supported Systems: Android, iOS

IC Markets: True ECN Broker

IC Markets was founded in 2007, headquartered in Australia, regulated by ASIC, offering up to 500x leverage, minimum trading size of 0.01 lots, and a minimum deposit of $200. As a true ECN broker, it allows clients direct access to liquidity providers, ensuring real-time execution and minimal market spreads. Deposit and withdrawal are convenient, with main revenue from commissions rather than spreads. Supports Ctrader, MT4, and MT5 platforms.

Supported Systems: Android, iOS

XM: Platform for High Leverage Enthusiasts

XM was established in 2009, providing global online forex and CFD trading. Regulated by FCA, ASIC, Belize IFSC, and CySEC, it is known for offering leverage up to 888x, making it a representative high-leverage platform in the industry. Offers a wide range of forex products, supports MT4/MT5, and various account types.

Supported Systems: Android, iOS

easyMarkets: A Blessing for TradingView Users

easyMarkets was founded in 2001 and is a pioneer in retail forex trading. Regulated by ASIC and CySEC, with maximum leverage of 1:200 and a minimum deposit of $100. Higher account levels have smaller spreads. Offers 175 tradable products, including its own web platform and MetaTrader 4, and can also be traded via TradingView using an easyMarkets account, very convenient.

Supported Systems: Android, iOS

ThinkMarkets: Flexible Trading Platform

ThinkMarkets was founded in 2010 and is regulated by FCA, ASIC, and FMA (New Zealand). The platform offers over 4,000 tradable products with forex leverage up to 1:400. Users can choose to trade via MT4 or its own ThinkTrader platform, and can also download mobile apps for flexible trading.

Supported Systems: Android, iOS

FXTM: Rich Educational Resources for Beginners

FXTM (ForexTime) was founded in 2012, headquartered in Cyprus, regulated by FCA, CySEC, and IFSC. The platform offers over 250 trading products, including commodities, precious metals, forex, indices, and cryptocurrencies CFDs. Leverage can reach up to 2000x (cent accounts), with a minimum deposit of $200. FXTM is known for abundant promotions and rich educational resources, making it very suitable for beginners. Accounts inactive for over six months may incur fees. Supports MT4, MT5, and FXTM Trader mobile app.

Supported Systems: Android, iOS

ATFX: Lightweight Trading Solution

ATFX was established in 2015, headquartered in the UK, regulated by FCA and CySEC. As a relatively young forex broker, ATFX has grown rapidly, focusing on quality customer service and maintaining low trading costs. Leverage up to 400x, trading via MT4 platform, requiring users to download MetaTrader 4 app on their mobile devices.

Supported Systems: Android, iOS

Complete Comparison Table of Forex App Platforms

Although all platforms offer forex trading, their trading conditions vary. Beginners can choose user-friendly apps, open demo accounts to experience and familiarize themselves with each platform’s features. The table below summarizes core indicators of ten platforms for reference:

All information sourced from official websites and public data. Please verify detailed terms before investing. The table is for reference only and does not imply recommendations.

Differences Between MT4/MT5 and Proprietary Platforms

For novice investors, the main difference between MT4/MT5 and proprietary platforms lies in user habits. Professional traders prefer MT4/MT5 because they can install custom-developed trading plugins, but this requires programming skills. Most investors find it more effective to spend time researching trading strategies rather than programming, especially for those with limited time like working professionals.

Essential Tools for Forex Investment Beginners

Information Gathering Apps: Jin10 Data, Yahoo Finance provide real-time news and data updates.

Technical Analysis Tools: TradingView, Financial Square help investors analyze market trends and make decisions.

Initial Capital Requirements for Forex Trading

Many worry that participating in forex requires large capital. In reality, using free demo accounts allows experience with trading rules and risks. Forex trading mainly uses margin systems, so you don’t need to have full funds upfront. Usually, a few tens of dollars suffice to start. For example, on the Mitrade app, trading 0.01 lots of AUD/USD requires less than $4. Using demo accounts to accumulate experience before risking real money is recommended.

Regardless of which forex app you choose, the key is to find a platform that matches your trading style and risk tolerance, and to keep learning and improving your trading skills.