One of the Best forex Trading App for Beginners

We believe there are only handful of forex trading platform exist in the forex industry that are easy to use, First make sure that these platforms are supported by your brokers. Here are the best smart phone mobile apps that works in 2024.

Our team of Researchers have tested and scored the best mobile and desktop trading apps, all the serious forex traders should use a Desktop trading while, mobile app should to just to have a glance at the position that you are holding.

IG’s Mobile Trading Application

When it comes to forex trading on the go, IG’s mobile trading application is a top contender, combining robust functionality with a user-friendly design. This review will dive into the key features, usability, and how IG’s mobile platform stacks up against other trading solutions they offer.

User Experience and Interface

IG’s mobile trading app is available on both iOS and Android platforms, offering a smooth, intuitive user experience. The interface is designed to be user-friendly, making it accessible for both novice and experienced traders. Features like Touch/Face ID login enhance security and ease of access​​.

The app’s layout mirrors its web counterpart, allowing for easy navigation and a consistent experience across devices. You can quickly find assets, set price alerts, and place various types of orders, including market, limit, stop, and trailing stop orders.

Key Features

1. Real-Time Data and Alerts: The app provides real-time data and customizable alerts, ensuring you stay updated on market movements. This is crucial for forex traders who need to react swiftly to market changes.
2. Comprehensive Charting Tools: While the app offers extensive charting tools, including multiple chart types and indicators, it doesn’t support more complex charts like Renko, which are available on the web platform.
3. Demo Account: For beginners, IG offers a demo account with $10,000 in virtual funds. This feature is excellent for testing strategies without financial risk and stands out due to its lack of time limitations, unlike some competitors​​.
4. Order Execution and Management: Placing and managing orders is straightforward. The app supports several order types and time limits, such as Good ‘til Cancel (GTC) and Good ‘til Date (GTD), giving traders flexibility in their strategies​.

Comparisons with Other IG Platforms

IG’s mobile app stands strong, but how does it compare with other platforms they offer?

1. Web Trading Platform: IG’s web platform is highly customizable, with advanced charting tools and a user-friendly interface that caters to both beginners and professional traders. It supports more complex order types and extensive alert functionalities, which are somewhat limited in the mobile version​​.
2. MetaTrader 4 (MT4): For traders who prefer MT4, IG provides access to this popular third-party platform. MT4 offers extensive tools for technical analysis and automated trading via Expert Advisors (EAs). However, MT4’s mobile version is generally considered less intuitive compared to IG’s proprietary app​.
3. L2 Dealer: This platform is geared towards more advanced traders, offering direct market access (DMA) for share trading. It includes sophisticated monitoring tools and price-improvement technology, which are not available on the mobile app​​.

Additional Offerings

Beyond the mobile and web platforms, IG also offers various specialized accounts and trading options:

• Spread Betting: Available primarily in the UK, this allows tax-efficient trading on a wide range of markets​.
• CFD Trading: IG’s core offering, allowing you to speculate on price movements without owning the underlying assets​.
• Smart Portfolios: Managed portfolios created by BlackRock, suitable for investors looking for a hands-off approach​.
• Share Dealing Accounts: Available to UK residents, providing access to global shares and ETFs​.

Conclusion

IG’s mobile trading app is a robust tool for traders seeking flexibility and functionality on the go. While it may lack some of the advanced features found in their web and DMA platforms, it excels in providing a seamless, user-friendly trading experience. Whether you’re a beginner testing strategies with a demo account or an experienced trader needing real-time data and quick order execution, IG’s mobile app is a reliable choice and make sure to take serious trading decisions using desktop platform so you can make a serious decision.