Top Commodity Trading Apps in May 2024: Reviews and Features

Such flawless transactions guarantee that you receive optimal prices devoid of any setbacks. It can give you raw information on the current order flow and valuable knowledge if you are a scalper. Its real-time insights into market liquidity and order book dynamics enable swifter execution and more informed trading decisions.

mobile apps forex brokers

Pepperstone offers uncomplicated access to the markets, which allows clients to focus on the complicated task of successfully trading the markets. Pepperstone is ideally suited to traders who want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support. At, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies (click here to learn about how we calculate Trust Score). Regardless of your trading budget, you’ll need to choose a dependable method for depositing and withdrawing funds for your forex account. PayPal has grown in popularity as a way to fund forex trading accounts, due to its extensive international presence and wide range of supported currencies.

MetaTrader is one of the most popular trading platform apps for retail investors using Android devices and allows for the trading of stocks, forex, futures, options, and other financial instruments from your mobile device. When talking about standout social trading platforms on Android, eToro undoubtedly tops the list. With a reputation bolstered by its emphasis on forex social signals, it ensures a premier customer experience for its Android user base. We’ve delved deep into eToro’s Android trading app and can vouch for its prominence as the premier platform for social trading. Android users, in particular, will appreciate the blend of innovation and simplicity the app offers, coupled with an unmatched customer experience.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. The MetaTrader platform suite — available for mobile — is developed by MetaQuotes Software Corporation and is the most widely used app for trading CFDs, forex, shares, and other asset classes. If you’re new to investing in commodities or need help establishing a financial plan, you can find a financial advisor for expert guidance and advice. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

In the forex markets, currencies trade against each other as exchange rate pairs. The EUR/USD would be a currency pair for trading the euro against the U.S. dollar, for example. Some brokers charge a commission, while others are compensated with a spread, or a markup between the price they pay for an asset and what they sell it for. Here is a list of three of the most important factors to keep in mind when choosing an online broker for forex trading.

mobile apps forex brokers

We had the advantage of trading CFDs with starting spreads from a mere 0.5 points on indices and 0.0 pips FX spreads via the broker’s Raw Spread trading account. Pepperstone’s MT4 mobile app for Android devices requires Android 5.0 or later. If you are using Android’s main competitor, Apple, you will need an iPhone, iPad or iPod touch with iOS 9.0 or later to use the iOS mobile equivalent. However, despite the various benefits, there are certain disadvantages to consider. The ease of mobile trading can occasionally lead to rash judgments, emphasizing the significance of discipline and a well-defined plan. Thinkorswim is highly regarded for its expeditious and proficient trading, the significance of which cannot be overstated when it comes to seamless transaction execution without any hindrances or complications.

Today, it’s one of the most well-regulated and trustworthy brokers, with licenses from the UK, US, Australia and other Tier-1 jurisdictions. The Performance Analytics tool stands out by analyzing your trading patterns in real time, highlighting your biggest strengths and weaknesses, and then recommending areas of improvement. Joey Shadeck is the Content Strategist and Research Analyst for

These apps remove geographical and logistical constraints, allowing experienced and seasoned traders to participate anytime and anywhere. The platform is highly commendable as it allows traders to gain entry into live market data conveniently. Such access is paramount since the forex market constitutes a highly dynamic and ever-changing trading sphere that necessitates timely decision-making for optimal trade execution. With various technical indicators and drawing tools, MT4 presents extensive charting features that enable traders to conduct thorough market analysis and develop intricate trading strategies. Forex trading apps serve as gateways to the fast-paced realm of currency trading, functioning as advanced analytical platforms and practical tools for executing trades.

That put Pepperstone in the top five and helped earn the broker our ‘Best Overall’ designation in a number of categories. Android is an open-source operating system developed by Google as an alternative to Apple’s iOS. It seamlessly blends with online services and external APIs, delivering real-time market data and numerous financial tools. Before investing any real money, you must first create a sound trading strategy and grasp risk management. To start trading, conduct a thorough market analysis using the App’s tools, start with a demo account, choose a currency pair, and determine the appropriate position size. They provide real-time data, comprehensive analytical tools, and secure transaction execution, making informed decisions due to market volatility.

mobile apps forex brokers

For our list of best currency trading brokers, we considered only those that are regulated by the National Futures Association and the Commodity Futures Trading Commission. These forex broker apps can be found on both the Apple App Store and Google Play Store. However, it’s crucial to exercise caution and choose a trustworthy app, as not all apps in the market may offer the same level of reliability or favorable pricing. There are a plethora of built-in trading tools too, including an economic calendar, data release alerts, a trading simulator, intelligence reports, and a risk scanner.

FXCM’s proprietary trading platform, Trading Station Mobile, has a simple, intuitive interface and offers powerful trading tools for easy access to Forex and CFD markets. EToro’s mobile application connects traders to their markets and social trading networks, providing timely alerts, notifications, and reports on market events. It informs investors about developments concerning fellow traders, ensuring seamless connectivity and engagement.

mobile apps forex brokers

Instead of dealing with the hassle of owning physical gold or cattle, you can indirectly invest through a brokerage account and trade commodity futures contracts. For example, you can invest in energy future trading applications to buy oil, natural gas, and other agricultural futures, like wheat and coffee. Beginning investors should avail themselves of the wealth of research and educational resources available through trading platforms and sites like Investopedia. Forex trading in general isn’t where we’d suggest beginner investors get started — if you’re brand new to investing, check out our list of the best brokers for beginners. That said, if you’re a seasoned investor looking to dabble in trading forex for the first time, you might benefit from going with a more traditional broker to start, like Interactive Brokers. Among the riskier elements of forex trading is the rapid pace at which transactions are carried out.

In our tests, we found this robust toolkit invaluable for identifying potential trade setups and refining entry/exit strategies. At, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

  • Overall, thinkorswim by TD Ameritrade offers all the trading features that come with a full-service stock brokerage firm.
  • You’ll make a profit if the spot price of a commodity rises since the seller will still have to sell the asset at the set price.
  • If you do intend on becoming an expert in this area, you can access a range of educational resources.
  • A cherry on top is the dedicated tab within the cTrader Android app for managing push notifications for price alerts – a feature missing in the MT4 app.
  • It’s a global, decentralized environment where financial institutions and businesses can trade currencies.
  • This app continues to be developed and more features are still being added, but users can already download the app and start trading.

The app delivers dozens of technical indicators and five distinct chart types. Setting up charts is easy, and zooming in and out across time frames feels quick and precise. IG provides my favorite mobile charts in the industry and IG Trading is a great choice for charting enthusiasts who want to conduct market analysis on the go. The best commodity trading app for beginners is TD Ameritrade since it is a low-cost, easy-to-access investment platform. It also offers educational resources to help beginners understand the ins and outs of commodity investing. The best commodity apps allow traders and investors to access global commodity markets and trade valuable commodities like precious metals, energies, agricultural products, and digital currencies.

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