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
| PROS | CONS |
| Large variety of financial instruments | Trading fees on some CFDs are higher |
| iOS and Android supported | |
| Competitive trading conditions |
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
| PROS | CONS |
| Well-regulated broker | None 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
| PROS | CONS |
| Commission-free trading | CFD 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
| PROS | CONS |
| Easy to use and compatible with both Android and iOS | One-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
| PROS | CONS |
| Fast and modern mobile app | Inactivity fees charged on dormant accounts |
| User-friendly for beginners | |
| Variety of functions and features | |
| Well-regulated broker |
