Биржа Контента Форекс

Winners Summary

#1 Mobile App - IG's IG Trading app

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Mobile Charting - Indicators / Studies	Visit Site
IG		£	info	33

I've been reviewing IG for over six years, and I continue to be impressed by IG's powerful suite of mobile applications for everyday forex traders. IG’s flagship mobile forex trading app, IG Trading, won our Annual Award for #1 Mobile App. I find the IG Trading app to be easy to use and jam-packed with powerful features and intuitive trading tools.

IG Trading’s intuitive layout makes it a breeze to navigate between features such as alerts, sentiment readings, trading signals, and highly advanced charts. 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.

IG also offers the popular MetaTrader 4 (MT4) app for traders who prefer the MetaTrader experience. Traders at IG also gain access to IG Academy, the broker’s standalone educational app. IG Academy features eight interactive courses organized by experience level, each containing nearly a dozen chapters. Read my full review of IG to learn more about why I’ve rated IG so highly for so many years.

Best cross-platform experience - Saxo Bank's SaxoTraderGO app

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Mobile Charting - Indicators / Studies	Visit Site
Saxo Bank		$0	info	64

Saxo Bank's SaxoTraderGO is a favorite of mine and includes everything that forex traders might need to navigate the market. One of the strengths of Saxo Bank’s mobile platform that continues to impress me is how closely the mobile app mirrors the performance of the broker’s web-based platform. Nearly all features found in the web version of the platform are available in the SaxoTraderGO mobile app. Saxo Bank has done a great job unifying the excellent SaxoTraderGO platform experience across devices.

SaxoTraderGO delivers rich charting capabilities and – touching on a theme here – closely matches the experience of the platform’s web-based charts. Charts in the SaxoTraderGO mobile app sync with the browser-based version of the platform. For example, if you draw trend lines and add indicators in the web version, they will appear in the mobile app (and vice versa). The web platform’s economic calendar, educational videos, market news from top-tier sources such as Dow Jones Newswire, and pattern recognition analysis from Autochartist are all accessible on the mobile app.

Saxo Bank was Best in Class in our Mobile Trading Apps category for our Annual Awards and is a true leader in this category. Read my full review of Saxo Bank to learn more.

Best app for low-cost trading - CMC Markets' Next Generation app

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Mobile Charting - Indicators / Studies	Visit Site
CMC Markets		$0	info	29

CMC Markets' cleanly designed Next Generation mobile app comes packed with research tools, integrated educational content, powerful charts, predefined watchlists, and more. Much like Saxo Bank’s fantastic SaxoTraderGO platform suite, the look and feel of the CMC Markets mobile app closely resembles the web-based version of the Next Generation platform.

I’ve been testing CMC Markets’ platforms since , and it’s clear to me that CMC Markets has invested time and resources in the mobile app’s development. The broker has managed to organize quite a bit of information with limited screen space. For example, charting on the mobile version of the Next Generation platform is just as impressive as the web version. Though fewer technical indicators are available on mobile, the app delivers a powerful charting experience.

Other notable features include research content developed by CMC Markets’ in-house staff, such as the Intraday Update, Morning Call, and Evening Call. I’m also impressed by the app’s predefined watchlists, which I’ve found can be great ways to identify trading opportunities. Overall, CMC Markets simply delivers an excellent mobile trading experience. Read my full review of CMC Markets to learn more.

Best forex trading apps comparison

Using our forex brokers comparison tool, here's a summary of the features offered by the best forex trading apps.

Comparison Tool:Compare 50+ features side-by-side

How to compare the best forex trading apps

When choosing a new forex broker account for online trading, consider these five areas of the trading experience:

1. Trust (regulatory status): You want a broker that you can trust, above all else. Your broker will preferably be regulated in multiple top-tier jurisdictions, such as the U.S., U.K., Australia, Singapore, Canada, Hong Kong, Japan, or Switzerland. At eunic-brussels.eu, we track over regulatory licenses for 60+ forex brokers; learn more by checking out our Trust Score page.
2. Trading platforms: Our research finds that most proprietary platforms are superior to third-party software like MetaTrader. Either way, be sure to select the trading platform that meets your needs across devices, whether that's on the web, your desktop, or with a mobile trading app.
3. Trading tools: When I evaluate the research content, trading tools, and educational materials available from brokers, I expect them to be rich with features and easy to use. The more comprehensive each category is within the mobile app you choose, the better off you will be in maximizing trading opportunities.
4. Tradeable markets: Consider the total available markets and the number of instruments that are available for you to trade at a given broker. For example, one broker may offer a small selection of currency pairs but a vast array of CFDs on other markets like stocks, commodities, ETFs, futures, cryptocurrency, and other asset classes. Conversely, maybe you want to trade some exotic currencies and want a broker with a larger selection of forex pairs.
5. Demo accounts: Opening a free demo account allows you to learn the ins and outs of a trading app, like test-driving a car before you buy it. You get to use the virtual account across all supported devices, such as web, desktop, and mobile. If the platform meets your needs, then you can fund a live account. Some traders also use demo accounts to test various trading strategies before trying them out with real funds.

Can you trade forex on your phone?

Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install forex trading apps on your phone. After opening the app, you can log in to your forex account and begin trading from your phone. If you are interested in trading CFDs, there is a range of great mobile options available from some of the top brokers in the industry. Check out our guide to the Best CFD Brokers and Trading Platforms to learn more about CFDs (and to check out our picks for the best CFD brokers).

Does forex have an official app?

No, there is no official app or website because the foreign exchange (forex) market is decentralized — that is, there is no single location or site for the market. The forex market consists of central banks and financial institutions such as brokers, dealers, banks, and corporations. Read more on Wikipedia.

Many trustworthy forex brokers do offer mobile apps for trading. There is a wide selection available, including apps that are developed by brokers in-house, as well as apps from third-party developers. To avoid forex scams, you should only use regulated banks and brokers that are properly licensed to offer forex trading services in your country of residence. For example, if you live in the U.K., check the Financial Conduct Authority (FCA) to verify a broker is regulated.

Note: If you're looking specifically for the broker eunic-brussels.eu, it offers both a proprietary app, called eunic-brussels.eu mobile, and the popular MetaTrader 4 (MT4) app. Read our full-length review of eunic-brussels.eu, or check out our MetaTrader guide.

What is the best forex trading app?

Saxo Bank is our top pick for the best overall forex trading app experience. Saxo Bank’s SaxoTraderGO app is intelligently designed and fits into a unified platform experience across devices by closely mirroring its highly-rated web platform counterpart. Read more about Saxo Bank’s mobile suite in our full-length Saxo Bank review.

Check out a gallery of screenshots from Saxo Bank's SaxoTraderGO app, taken by our research team during our product testing.

Our testing found that IG offers the best smartphone app — IG Trading — for forex trading in IG is regulated globally, and its IG Trading app provides access to a variety of quality trading tools alongside multiple news sources for researching trading opportunities. Charting on the IG Trading app is also rich with features. Check out our full-length review of IG to learn more about IG’s suite of mobile apps.

This gallery of screenshots was taken by our research team while testing IG's highly-rated mobile trading app.

What's the best forex trading app for beginners?

The IG Trading app is an excellent choice for beginners, due to its range of tools, integrated content, and the ability to access educational material from IG Academy and DailyFx (it even has a standalone mobile app for education). IG is a leader in education, making its IG Trading mobile app the best forex trading app for beginners in

As an alternative, Plus's easy-to-navigate app provides the essentials for trading, and makes viewing available markets a breeze. That said, just because an app is easy to use doesn't mean it is easy to make money. It's worth noting that forex trading is only available at Plus via CFDs.

Does MetaTrader have an app?

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.

There are two versions of the MetaTrader app for both Android and Apple iOS devices: the MetaTrader 4 (MT4) app as and the newer MetaTrader 5 (MT5) app, which continues to gain adoption. I've written a guide that details the differences between these two trading platforms: check out my MT4 vs MT5 guide. You can also learn more about MetaTrader 5 (and find a great forex broker that offers MT5) by checking out my full MetaTrader 5 guide.

Take a quick look at the MetaTrader 5 Mobile Trading app interface with our video walkthrough:

While MT4 and MT5 are incredibly popular due to their wide availability, many of the best mobile apps are developed in-house by some of the best online brokers, such as Saxo Bank and IG.

Can I teach myself forex trading?

Yes, and you shouldn't pay for any courses as there is plenty of high-quality free education available directly from most online brokers, as well as third-party websites (check out my guide to the best free forex trading courses). However, forex trading is not easy — the majority of traders lose money.

To be successful in trading forex, you must learn how to manage risk properly, depending on your goals and the strategy you choose to follow or develop. First, open a free demo account and trade using fake money to learn how the trading platform software works.

Popular Forex Broker Reviews

TD Ameritrade RevieweToro ReviewTrading eunic-brussels.eu ReviewOcta ReviewPepperstone ReviewFxPro ReviewInteractive Brokers ReviewTickmill eunic-brussels.eu ReviewCMC Markets ReviewIC Markets ReviewSaxo Bank ReviewAdmirals ReviewAvaTrade ReviewOANDA ReviewFP Markets ReviewSwissquote ReviewFineco ReviewHFM (HF Markets) ReviewXTB ReviewACY Securities ReviewPlus ReviewIG ReviewEightcap ReviewFXCM ReviewCity Index Review

Methodology

At eunic-brussels.eu, 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.

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

• For Apple, we use MacBook Pro laptops running macOS , and the iPhone XS running iOS
• For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

All content on eunic-brussels.eu is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for eunic-brussels.eu Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2, trades placed during that time. He heads research for all U.S.-based brokerages on eunic-brussels.eu and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

John Bringans

John Bringans is the Senior Editor of eunic-brussels.eu An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for eunic-brussels.eu 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.

Binary options are an alternative way to play the foreign currency (forex) market for traders. Although they are a relatively expensive way to trade forex compared with the leveraged spot forex trading offered by a growing number of brokers, the fact that the maximum potential loss is capped and known in advance is a major advantage of binary options.

Defining Binary Options

Binary options have two outcomes: They settle either at a pre-determined value (generally $) or at $0. This settlement value depends on whether the price of the asset underlying the binary option is trading above or below the strike price by expiration.

Binary options can be used to speculate on the outcomes of various situations: Will the S&P rise above a certain level by tomorrow or next week? Will this week's jobless claims be higher than the market expects? Or will the euro or yen decline against the U.S. dollar today?

For example, say gold is trading at $1, per troy ounce currently and you are confident that it will be trading above $1, later that day. Assume you can buy a binary option on gold trading at or above $1, by that day’s close, and this option is trading at $57 (bid)/$60 (offer). You buy the option at $ If gold closes at or above $1,, as you had expected, your payout will be $, which means that your gross gain (before commissions) is $40 or %. On the other hand, if gold closes below $1,, you would lose your $60 investment, for a % loss. 

Binary Option Buyers and Sellers

For the buyer of a binary option, the cost is the price at which the option is trading. For the seller of a binary option, the cost is the difference between and the option price and

From the buyer’s perspective, the price of a binary option can be regarded as the probability that the trade will be successful. Therefore, the higher the binary option price, the greater the perceived probability of the asset price rising above the strike. From the seller’s perspective, the probability is minus the option price.

All binary option contracts are fully collateralized, which means that both sides of a specific contract—the buyer and seller—have to put up capital for their side of the trade. So if a contract is trading at 35, the buyer pays $35, and the seller pays $65 ($ - $35). This is the maximum risk of the buyer and seller and equals $ in all cases.

Thus the risk-reward profile for the buyer and seller in this instance can be stated as follows:

Buyer

• Maximum risk = $35
• Maximum reward = $65 ($ - $35)

Seller

• Maximum risk = $65
• Maximum reward = $35 ($ - $65)

Example of Binary Forex Markets: Nadex

Binary options in forex are available from exchanges such as Nadex, which offers them on the most popular pairs such as USD-CAD, EUR-USD, and USD-JPY, as well as on a number of other widely-traded currency pairs.

Founded in , the North American Derivatives Exchange—or Nadex—is a Chicago-based financial exchange that specializes in short-term binary options and spreads. The company is a subsidiary of London's IG Group (LON: IGG) and is regulated by the Commodity Futures Trading Commission (CFTC). Binary options are legal and available to trade in the U.S., but only on a CFTC-regulated exchange like Nadex (you can also trade binary options through the Chicago Board Options Exchange).

Nadex binary options are offered with expirations ranging from intraday to daily and weekly. The minimum tick size on spot forex binaries from Nadex is , and the tick value is thus $ The intraday forex binary options offered by Nadex expire hourly and as often as every five minutes, while the daily ones expire at certain set times throughout the day. The weekly binary options expire at 3 P.M. on Friday.

For most forex contracts, Nadex calculates the expiration value by taking the midpoint prices of the last ten trades in the forex market, eliminates the highest and lowest three prices, and then takes the arithmetic average of the remaining four prices. For high-activity names, it takes all midpoint prices collected in the last ten seconds of trading, trims the highest and lowest 30% and averages the remainder.

Examples of Binary Options in Forex

Let’s use the EUR-USD currency pair to demonstrate how binary options can be used to trade forex. We use a weekly option that will expire at 3 P.M. on Friday, or four days from now (or Monday). Assume the current exchange rate is EUR 1 = USD

Consider the following scenarios:

1. You believe the euro is unlikely to weaken by Friday and should stay above

The binary option EUR/USD> is quoted at / You buy 10 contracts for a total of $ (excluding commissions). At 3 P.M. on Friday, the euro is trading at USD  Your binary option settles at , giving you a payout of $1, Your gross gain (before taking commissions into account) is $, or approximately 82%. However, if the euro had closed below , you would lose your entire $ investment, for a % loss.

2. You are bearish on the euro and believe it could decline by Friday, say to USD

The binary option EUR/USD> is quoted at / Since you are bearish on the euro, you would sell this option. Therefore, your initial cost to sell each binary option contract is $40 ($ - $60). Assume you sell 10 contracts, and receive a total of $ At 3 P.M. on Friday, let’s say the euro is trading at  

Since the euro closed above the strike price of $ by expiration, you would lose the full $ or % of your investment. What if the euro had closed below , as you had expected? In that case, the contract would settle at $, and you would receive a total of $1, for your 10 contracts, for a gain of $ or %.

Additional Basic Strategies

You do not have to wait until contract expiration to realize a gain on your binary option contract.

For instance, let's say by Thursday the euro is trading in the spot market at , but you are concerned about the possibility of a decline in the currency if U.S. economic data to be released on Friday are very positive. In this case, your binary option contract (EUR/USD>), which was quoted at / at the time of your purchase, is now at 75/ Therefore, you could sell the 10 option contracts you had purchased at $55 each, for $75, and book a total profit of $ (or 36%).

You can also put on a combination trade for lower risk/lower reward.

Let’s consider the USD/JPY binary option to illustrate. Assume your view is that volatility in the yen—trading at to the dollar – could increase significantly, and it could trade above or decline below by Friday. You, therefore, buy 10 binary option contracts (USD/JPY>, trading at /) and also sell 10 binary option contracts (USD/JPY>, trading at /). Therefore, you pay $ to buy the USD/JPY> contracts, and $ (i.e., $ - $) to sell the USD/JPY> contracts. Your total cost would be $ ($ + $).

Three possible scenarios arise by option expiration at 3 P.M. on Friday:

1. The yen is trading above  In this case, the USD/JPY> contract has a payout of $, while the USD/JPY> contract expires worthless. Your total payout is $1,, for a gain of $ (or about 45%).
2. The yen is trading below  In this case, the USD/JPY> contract has a payout of $, while the USD/JPY> contract expires worthless. Your total payout is $1,, for a gain of $ (or about 45%).
3. The yen is trading between and : In this case, both contracts expire worthlessly and you lose the full $ investment.

The Bottom Line

Binary options are a useful tool as part of a comprehensive forex trading strategy but have a couple of drawbacks in that the upside is limited even if the asset price spikes up, and a binary option is a derivative product with a finite lifespan (time to expiration).

However, binary options have a number of advantages that make them especially useful in the volatile world of forex. For starters, the risk is limited (even if the asset prices spikes up), the collateral required is quite low, and they can be used even in flat markets that are not volatile. These advantages make forex binary options worthy of consideration for the experienced currency trader.