5 Best Mobile Forex Trading Apps in Africa (2021)

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Overview

It is imperative for forex traders to have constant access to their trading account as well as market news. This enables them to take advantage of opportunities that may appear at any time. For this, traders need to have mobile apps which allow them access to financial markets at any time, from anywhere in the world.

African traders who are looking for some of the best trading apps in the industry need not look further than the list below.

HotForex’s MetaTrader

The MetaTrader mobile app is free to download on any Android or iOS powered mobile phone or tablet. There is a minimum deposit of $5 when registering a live trading account and African traders can rest assured that they are dealing with a reputable broker.


With the App, traders can effectively manage their trading account and their trading activities.

The app also allows access to analysis features consisting of various types of graphs, timeframes, technical indicators, and news.

Pros and Cons

PROSCONS
Large variety of financial instrumentsTrading fees on some CFDs are higher
iOS and Android supported 
Competitive trading conditions 

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Exness MetaTrader 4 App

Exness offers the MetaTrader 4 and MetaTrader 5 trading apps for both iOS and Android mobile devices. With this app and an Exness trading account, traders have unrestricted access to a variety of financial markets, competitive trading conditions, and commission-free trading options.

Pros and Cons

PROSCONS
Well-regulated brokerNone noted
Low trading fees 
Variety of currency pairs and other CFD instruments 

Plus500 App

The Plus500 proprietary mobile app can be downloaded onto either iOS or Android devices. African traders can view real-time quotes, perform market analysis, view charts in different timeframes, and trade while on-the-go in an easy, user-friendly manner.

Pros and Cons

PROSCONS
Commission-free tradingCFD trading fees are high
Tight and competitive spreads 
User-friendly app 

AvaTradeGo

African traders can make use of AvaTrade’s top-rated mobile app which has a user-friendly interface and provides real-time price feeds, superb charting capabilities, education, and access to a range of markets.

Pros and Cons

PROSCONS
Easy to use and compatible with both Android and iOSOne-click execution not supported
Real-time market quotes as well as charting 
Customer support can be contacted through the app 

You might like: https://techweez.com/2020/08/26/trading-forex-market-beginners/

FXTM mobile app


African traders can make use either of FXTM’s proprietary app or MetaTrader 4 and 5’s mobile app in conjunction with a FXTM trading account. The FXTM app is one of the best as it is both modern and responsive in addition to having high functionality and being easy to use, even for beginners.

FXTM also offers traders with education through the app, market outlook updates, advanced charting, trading tools, and more. Traders also have access to FXTM’s full range of financial instruments which can be traded through the mobile app.

Pros and Cons

PROSCONS
Fast and modern mobile appInactivity fees charged on dormant accounts
User-friendly for beginners 
Variety of functions and features 
Well-regulated broker 

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Martin is the Managing Editor at Techweez, passionate about personal tech and telling stories of consumer experiences. Talk to me: [email protected]