The global forex market is a vast and impressive entity and one that sees an estimated $6.6 trillion traded every single day.
Interestingly, the majority of contemporary trades are now driven through online and mobile platforms, with this type of technology, has removed many of the barriers to entry that once restricted aspiring part-time investors.
In this post, we’ll appraise the best trading apps of 2020, while considering which options provide the best value to traders (particularly those that retain access to a diverse portfolio of assets).
The MetaTrader 4 (MT4)
We’ll start with the world’s most popular trading platforms and one that’s compatible with the vast majority of online brokerage sites on the market.
Of course, we’re talking about the MetaTrader 4, which was launched back in 2005 and has set an enduring standard for charting and technical analysis in the mainstream marketplace. With this platform, traders can develop their own tools and customise visual charts to personalise their trading experience, while accessing integrated reports and accessories from a single accessible interface.
The MT4 remains the gold standard in forex market trading to this day, despite the release of the MetaTrader 5 upgrade back in 2010.
The Pepperstone Mobile App
Pepperstone uses cTrader as its primary mobile trading platform, and in this respect, it offers a proven and popular way for investors to execute orders whilst on the move. It’s estimated that more than 50,000 people have chosen to download, install and operate this app to date, with this number having increased markedly as it has become available across a number of different brokerage sites.
At the heart of this platform’s popularity is its incredibly simple and intuitive dashboard, while its demo version is one of the best and most informative on the market. Similarly, you can access four distinct chart types through the Pepperstone mobile app, which is also home to more than 50 useful technical indicators. The platform’s charting section also covers incredible 26-time frames from one minute to one month, which provides an incredible level of accuracy when executing orders.
The Plus500 Mobile App
We’ll close with the Plus500 mobile app, which is essentially a CFD trading tool that also happens to be one of the most popular in the marketplace. Both the iOS and Android platforms have received excellent feedback from users online, while the app’s range of features is incredibly competitive from the perspective of both novice and experienced traders.
This app is also renowned for the range of markets and asset classes that it offers access to, with options such as commodities, indices, forex, shares and even cryptocurrencies widely available to users. There’s also a wide range of commodity and stock ETFs available to traders through Plus500, with these options offering a natural opportunity to diversify your interests and minimise risk.
All of the featured assets here can also be traded through CFDs, creating some additional flexibility for traders and allowing for speculation across a wide range of marketplaces.