Best Forex App UK – Top-Rated Apps Reviewed

Forex apps are a must if you plan to trade currencies with real-world pounds and pence. This will ensure that you have unfettered access to your forex brokerage account no matter where you are. 

For example, you can instantly enter a buy or sell positions, as well as keep tabs on a live trade. You can also install pricing alerts that will notify you when a particular support or resistance level has been breached, and even receive real-time news delivered straight to your phone. 

Taking the above into account, this guide will discuss the best UK forex apps available in the UK. We’ll also run you through the many metrics that you need to look out for when choosing a forex app yourself, and then walk you through the process of getting set up. 

Top Forex Apps UK

Below you will find a snapshot of the best forex apps currently available in the UK. You’ll find a full review of each provider in the sections below.

  1. eToro – Best All-Round UK Forex App of 2020
  2. Plus500 – No Commissions, Tight Spreads, and Leverage of up to 1:30
  3. – Best Forex App UK for Low Minimum Deposit
  4. FXCM – Established Broker With 0% Commissions
  5. IG – Trusted UK Forex App With MT4

2020’s Best Forex Trading Apps Reviewed

Choosing a forex app that meets your needs can be time-consuming. After all, there are hundreds of options in the market, and heaps of variables that you need to look out for. For example, you’ll want to choose a provider that offers low commissions, lots of tradable currencies, and a seamless user experience.

To save you from hours of countless research, below you will find the best UK forex apps of 2020.

1. eToro – Best All-Round UK Forex Trading Ap

eToro easily makes the number one spot for us. Firstly, this FCA regulated forex app is the most cost-effective option in the space. You can buy, sell, and trade currency pairs without paying any commission – and spreads are super competitive. This isn’t the case just in its forex department.

On the contrary, you can access stocks, commodities, ETFs, and cryptocurrencies without paying any fees. With that being said, there’s a lot more to like about eToro than just its low-cost pricing structure. For example, you’ll have access to dozens of currency pairs from the majors, minors, and exotics. Its mobile app – which is available on iOS and Android, offers a seamless trading experience.

eToro forex app eToro mobile forex app

Everything has been optimized to ensure that you can trade forex without being hindered by a smaller screen. This is also the case when depositing and withdrawing funds. eToro is also recognized for its social trading features. This allows you to discuss market insights with over 12 million traders, and even copy the buy and sell orders of other investors. Regarding the latter, this means that you can trade forex passively without needing to lift a finger.

eToro is also favoured with beginners because it allows you to get started with small amounts. For example, the minimum deposit and trade size amounts to just $200 and $50, respectively. You can also apply leverage at eToro, fully in-line with ESMA limitations (1:30 majors, 1:20 minors/exotics). Finally – and perhaps most important, the eToro forex trading app is heavily regulated. On top of a license with the FCA, CySEC, and ASIC – it is partnered with the FSCS.

eToro fees:

Deposit Fee0.5% currency conversion fee
Withdrawal fee$5
Inactivity fees$10 a month after 12 months inactivity



  • Super user-friendly online forex broker
  • Trade forex without tight spreads
  • You can also trade stocks, indices, ETFs, cryptocurrencies, and more
  • Deposit funds with a debit/credit card, e-wallet, or UK bank account
  • Social and copy trading
  • Accepts PayPal
  • FCA and FSCS protections


  • Not suitable for advanced traders that like to perform technical analysis

75% of retail investors lose money trading CFDs at this site


2. Plus500 – UK Forex Trading App With Tight Spreads

Plus500 is also popular with UK traders and offers similar features and benefits to eToro. For example, the platform allows you to trade without paying any commission, and spreads are tight. This is the case across all of its financial instruments – including but not limits to forex, stocks, hard metals, bonds, and interest rates.

Similarly, Plus500 also allows you to trade on margin. Once again, this is capped at 1:30 on majors pairs and 1:20 on minors and exotics. The Plus500 mobile app is available on iOS and Android devices, and both versions offer an intuitive trading experience. The only drawback in choosing Plus500 is that you won’t have access to social/copy trading features like you do at eToro.

Plus500 forex app Plus500 forex app Plus500 forex app

On the other hand, Plus500 does a slightly more comprehensive trading suite, with the likes of CFD futures and options supported. You’ll only need to deposit £100 too, which you can facilitate with your UK debit/credit card or bank account. You can also deposit with Paypal. There are no transaction fees charged by Plus500. In terms of safety, Plus500 Ltd is listed on the London Stock Exchange with a current market cap of £1.5. Plus500UK Ltd is authorized & regulated by the FCA (#509909).

Plus500 fees:

Deposit FeeFree
Withdrawal feeFree
Inactivity fees$10 per quarter after 3 months inactivity



  • Some of the lowest spreads around
  • Thousands of financial instruments across heaps of markets
  • Retail clients can trade stock CFDs with leverage of up to 1:5
  • You can short-sell a stock CFD if you think its value will go down
  • Takes just minutes to open an account and deposit funds


  • CFDs only
  • More suitable for experienced traders

80.5% of retail investors lose money trading CFDs at this site

3. – Best Forex App UK for Low Minimum Deposit is an FCA-regulated forex broker that specializes in forex and CFDs. Regarding the latter, this includes everything from stocks, commodities, cryptocurrencies, and indices. In terms of its forex offering, you’ll have access to a huge library of pairs.

Not only does this include majors and minors, but lots of emerging currencies, too. In downloading its forex app, you will be able to trade on a commission-free basis. Many of the pairs offered by the platform also come with industry-leading spreads. If you’re a newbie, you might also consider downloading the educational app offered by forex app forex app forex app

This includes guides and explainers of key trading terms, and several mini forex courses. Both mobile apps are available on iOS and Android devices. In terms of getting started, requires a minimum deposit of just £20. You can fund your account instantly with a debit/credit card or e-wallet. fees:

Deposit FeeFree
Withdrawal feeFree
Inactivity fees$10 a month after 12 months inactivity



  • Educational app for new traders
  • AI assistant identifies your weak points
  • Trade ideas generated daily
  • Excellent charting and analysis interface
  • £20 minimum deposit


  • Cannot build custom trading strategies

72.6% of retail investors lose money trading CFDs at this site.

4. FXCM – Best Forex App for MetaTrader 4

First and foremost, much like the other forex apps on our list – FXCM allows you to trade on a commission-free basis. You’ll also have access to leverage and heaps of other CFD asset classes. However, what sets FXCM apart is that it offers full support for third-party trading platforms.

This includes both MetaTrader 4 (MT4) and Ninja Trader. For those unaware, these popular trading platforms are ideal for performing technical analysis – as they come packed with heaps of tools and technical indicators. Additionally, these platforms allow you to deploy trading robots and forex EAs. This means that you can enter buy and sell positions in an autonomous nature.

FXCM forex app FXCM forex app FXCM forex app

Crucially, you can access these platforms via a dedicated forex app – and connect it to your FXCM brokerage account. Alternatively, if you’re looking for a more newbie-friendly experience, FXCM offers a mobile trading app of its own. Either way, FXCM offers a good selection of forex pairs, and spreads are very competitive. With more than two decades in this industry, this forex app provider has an excellent reputation. And of course – it’s licensed by the FCA.

FXCM fees:

Deposit FeeFree
Withdrawal fee$5
Inactivity fees$50 a year after 12 months inactivity



  • Supports MetaTrader 4 and Ninja Trader
  • A long-established and reputable broker
  • FCA Licensed
  • Mobile trading app
  • Tight spreads


  • CFDs only
  • Less shares than other brokers

73.05% of retail investors lose money when trading CFDs at this site

5. IG – Trusted Forex Broker With Almost 100 Currency Pairs

IG is a large-scale brokerage platform that services hundreds of thousands of clients around the world. In the UK space, the firm is licensed by the FCA and publicly-listed on the London Stock Exchange. IG allows you to access the multi-trillion pound forex trading scene in two manners. Firstly, you can trade via the CFD platform – which is also available on MT4. You, you can also trade forex in the form of spread betting.

Both trading mediums can be accessed on a commission-free basis, with tight spreads, and with leverage of up to 1:30. The IG app is available on both iOS and Android devices – and can be downloaded free of charge. We would argue that although clean and crisp – the IG forex trading app is more suited for advanced traders. This is because the app comes packed with a significant amount of trading features that might appear overwhelming for a beginner. forex app forex forex app

Both the iOS and Android applications allow you trade forex at the click of a button. The slight drawback with this provider is that you can’t use the iOS app to deposit or withdraw funds. Instead, you’ll need to head over to the main IG website. Nevertheless, this top-rated broker allows you to open an account with a minimum deposit of £250. You can fund your account with a debit/credit card or bank transfer. Finally, IG also offers over 10,000 traditional shares and ETFs – should you wish to diversify.

IG fees:

Deposit FeeFree (unless using a credit card)
Withdrawal feeFree
Inactivity fees£12 a month after 2 years inactivity



  • Trusted UK broker with a long-standing reputation
  • Leverage and short-selling also available
  • Almost 10 forex pairs supported
  • Spread betting and CFD products
  • Access to UK and international markets
  • Great research department


  • Minimum deposit of £250


How to Choose a UK Forex App

choosing a forex appThere are hundreds of forex apps available to UK trades. Some are great, others not so. As a result, it is wise to spend some time exploring the credentials of the provider.

For example, you’ll need to look at user-friendliness, supported currency pairs, payment methods, fees, and customer support. And of course – the forex app provider must be licensed by the FCA. 

In the sections below, we briefly explore the most important requirements that you need to check off before signing up with a UK forex app. 

FCA License

As noted above, it is crucial that your chosen forex app provider is licensed by the Financial Conduct Authority (FCA). Put simply, this will ensure that you are able to trade in a safe and secure ecosystem. 

In particular, an FCA license places several demands of forex app providers, such as:

  • Placing client funds in bank accounts that are separate from the broker. 
  • Limiting the amount of leverage that you can apply to 1:30 
  • Ensuring that the broker has its trading books audited on a regular basis 
  • Requiring each and every trade to bypass a KYC (Know Your Customer) process

In addition to the above, most FCA-regulated forex apps will be covered by the Financial Services Compensation Scheme (FSCS). This means that were the worst to happen and the brokerage firm collapsed, your money would be protected up to the first £85,000. 

Fees and Commissions

First and foremost, none of the UK forex apps that we have discussed in this guide charge any commission. That is to say, you can place buy and sell orders on a fee-free basis – as all costs are included in the spread. 

However, some UK forex apps will charge a commission. This is typically expressed as a percentage and will be incurred at both ends of the trade. For example, if you place a buy order on GBP/USD at £500, a 0.5% commission would result in a fee of £2.50.


We can’t stress enough how important the spread is when trading forex. After all, you will be looking to profit from super-small price movements of a specific currency pair. As such, the higher the spread, the more you will pay. 

In our view, you are probably best to stick with UK forex tapps that offer spreads of below 1 pip on major pairs. The only exception to this rule of thumb is if you are using a commission-free broker. If so, you’ve got a bit more leeway. 

Supported Currency Pairs

While some forex apps will offer dozens of currency pairs, some stick with a select few. This might not be an issue if you are looking to stick with major pairs like GBP/USD or EUR/USD – as you’ll find these at most platforms. 

eToro forex assets

However, if you’re looking to access more exotic currencies such as the Turkish lira or the new Taiwan dollar, then you’ll need to do some digging before opening an account. Most UK forex apps allow you to view the currency suite without registering. 


By using a forex app, you will be trading on a much smaller screen size that you are used to. As such, the developer behind the app needs to do a super-good job in optimizing the trading arena. 

It can be difficult to assess this before you start trading – especially if you need to open an account before gaining access. This is why it’s a good idea to sign up with a forex trading app that offers demo accounts – which we discuss in the section below. 

Demo Account Facility

Newbie-friendly UK forex apps like eToro and offer a fully-fledged demo account. This means that you will gain access to live market conditions but on a risk-free basis. 

eToro research

For example, eToro offers a pre-loaded account of $100,000 – which you can then use at your will. You’ll still have access to buy and sell orders, leverage, and technical indicators – much like you would with a real-money account. 

Education and Research

The best forex trading apps in the UK market come packed with educational materials. For example, eToro offers live webinars and step-by-step trading guides, and offers a separate mobile app that is dedicated to learning. 

eToro copy trading

Additionally, you’ll want to stick with a forex app that comes with research facilities. At a minimum, this should include important news developments that are sent straight to your phone. After all, geopolitical events have a major say on the value of a currency.

Deposits, Withdrawals, and Payments

You also need to explore what payment methods the forex app supports. Some of the most convenient methods supported include debit/credit cards, e-wallets, and Google/Apple Pay. Bank account transfers are also offered, but this can take several days to process. 

Additionally, you need to check whether the forex app provider charges any deposit, withdrawal, or currency conversion fees. Finally, it’s worth checking the timeframe required by the forex app to process withdrawal requests. 

Customer Service

Although most traders are able to operate without any assistance, there might come a time when you need to speak with a member of the customer support team. 

For example, you might want to check on the status of a withdrawal. The best forex apps offer live chat and phone support on at least a 24/5 basis. 

What is the Best Forex Signals App?

Make no mistake about it – trading forex and making consistent profits are two things achieved by very few people. After all, you’ll need to have a firm grasp of technical analysis and be able to interpret complex pricing charts.  You’ll also need to keep ahead of the game when it comes to fundamental news.

In addition to this, you’ll need to deploy a series of forex trading strategies and install a sensible risk management plan.  As such, although remaining profitable as a forex trader isn’t impossible, it can take many months to master.

Learn 2 Trade forex signals

With this in mind, more and more newbies are turning to forex signal apps. In a nutshell, forex signals send you trading ‘suggestions’. For example, popular UK signal service Learn 2 Trade distributes the currency pair, buy/sell order, entry price, stop-loss price, and take-profit price.

As such, it’s then just a case of loading up your UK forex app and placing the suggested orders.  The suggestion itself is formulated by the in-house trading team at Learn 2 Trade and distributed in real-time via Telegram. With plans starting at just £14-ish per month, you’ll get 4-5 forex signals per day. Alternatively, you opt for the free plan and get 3 signals per week

Another way to automate your forex trading is by using forex robots.

How to Get Started with a UK Forex App Today

So now that we have discussed the many metrics that you need to look out for when choosing a forex trading app, the final stage of our guide will walk you through the setup process.

While you are free to select any forex app of your choosing, the step-by-step instructions below will show you the process with eToro. As we covered earlier, the FCA-regulated platform allows you to trade forex in a simple, low-cost, and highly secure environment.

Step 1: Download the eToro Forex App

Download eToro mobile forex app

Your first port of call will be to head over to the eToro homepage and elect to download the app. By clicking on the respective link (Google Play or Apple Store), you will be taken to the download page. Then it’s just a case of installing the app.

Step 2: Open an Account and Upload ID

eToro mobile forex app sign up

After clicking on the ‘Create Account’ button, you’ll need to quickly fill some personal information. This covers the basics – such as your name, date of birth, and home address.

After that, eToro will ask you to take a picture of your passport or driver’s license from identification verification purposes. Additionally, you’ll need to take a snapshot of a recently issued bank account statement or utility bill. This is with the view of verifying your home address.

Note: You can deposit up to $2,250 at eToro without uploading the above documents. You will, however, need to do this before the app allows you to make a withdrawal. This is in the name of anti-money laundering regulations. 

Step 3: Deposit Funds

You can easily deposit funds into your forex trading account through the app. If you want to benefit from an instant deposit, choose from a debit/credit card, Paypal, Skrill, or Neteller. You’ll need to deposit at least $200. eToro will charge you a conversion fee of 0.5% on all GBP deposits.

Step 4: Trade Forex

As soon as you have made a deposit, you can start using the eToro app to trade forex. Spend some time browsing the forex suite to find a pair that you like the look of.

eToro forex app

Once you have a pair in mind, you’ll need to set up a forex trading order. This includes whether you want to go long (buy order) or short (sell order), the total stake, leverage amount, and take-profit/stop-loss prices.

Trade forex on the eToro app

Once you confirm the order, the eToro app will execute it immediately. The only exception to this is if you opted for a limit order. If you did, you will need to wait for your required entry price to be matched by the markets.


In summary, although forex apps shouldn’t be viewed as a replacement to more sophisticated online trading platforms, they are crucial nonetheless. After all, you’ll have direct access to your primary forex brokerage account at the click of a button – regardless of where you are.

As such, you can view the performance on outstanding orders, place last-minute buy and sell positions, and exit a losing trade without hesitation. It is for these reasons that seasoned UK traders will always have a trusted forex app installed on their smartphone.

If you’re looking for the very best UK forex app of 2020, we would have to point you in the direction of eToro. This top-rated application is licensed by the FCA, allows you to trade forex without paying any commission – and you can apply leverage of up to 1:30.

eToro – Best All Round UK Forex App

75% of retail investor accounts lose money when trading CFDs with this provider.


What is the best forex app for Android?

Our top-rated UK forex app eToro is available on Android devices and can be downloaded for free from the Google Play store.

What is the best forex app for iPhone?

Our top-rated app eToro is also compatible with iOS devices. This ensures that Apple users have unfettered access to commission-free forex trading facilities.

Are UK forex apps safe?

UK forex apps are very safe, but you do need to ensure that the provider is regulated by the FCA. As an additional safeguard, you should check whether your funds are protected by the FSCS like they are at eToro.

How do you make money from a forex app?

To make money on your forex app you need to predict whether the exchange rate of a currency pair will go up or down. If you predict correctly, you make a profit. If you don't, you will lose money.

Do forex apps offer margin accounts?

All of the UK forex apps listed on this page offer leverage of up to 1:30.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Kane Pepi

About Kane Pepi

Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner. Academically, Kane holds a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and he is currently engaged in a Doctorate Degree researching the money laundering threats of the blockchain economy. Kane is also behind peer-reviewed publications - which includes an in-depth study into the relationship between money laundering and UK bookmakers. You will also find Kane’s material at websites such as MoneyCheck, the Motley Fool, InsideBitcoins, Blockonomi, Learnbonds, and the Malta Association of Compliance Officers.