15 Best Forex Trading Apps In Malaysia 2023

Are you in search of the top forex trading apps in Malaysia? You’ve come to the right place. Our article evaluates and examines the 10 highest-ranked brokers in Malaysia, focusing on forex trading apps.

Whether you’re a novice retail trader eager to invest in currencies, or a seasoned trader searching for specific account types and zero fees, our assessment encompasses all the essential services and features you need to be aware of to make a well-informed choice.

Our analysis takes into consideration factors such as user-friendliness, fees, and the number of successful traders using the app. So let’s dive in and discover which broker perfectly suits your forex trading requirements.

Best Forex Trading Apps Malaysia 2023

Forex trading apps have become increasingly popular in online trading, allowing users to trade currencies on the go. With numerous forex trading apps available, finding the best one can be challenging. Worry not; we have conducted extensive research to help you identify Malaysia’s top forex trading apps.

Our comprehensive review is designed to guide you in finding the best forex trading app in Malaysia. We explore crucial aspects such as user-friendly interfaces, regulatory compliance, the range of currency pairs, educational resources, and customer support.

Are you looking for an app with advanced charting tools or a strong community of active traders? Do you require an app that supports multiple account types or one that provides demo accounts for practice? These are just a few of the questions we help you answer. After analyzing and discussing the strengths and weaknesses of each app, you can make an informed decision about which app best aligns with your needs.

Our research has identified the top forex trading apps that provide all the services and features you need to succeed in the forex market. For instance, RoboForex is a global multi-asset trading platform that runs on MT4 and MT5, offering a demo account, a $1 minimum trade, and a variety of forex pairs. IG has a mobile app with a clean and easy-to-navigate interface, providing personalized watchlists, real-time alert features, and specific interface features for tablet users.

We also reviewed eToro, which is more of a copy trading platform. While it is a powerful tool for forex trading, we have already covered it in another article dedicated to copy trading platforms.

So, whether you’re new to forex trading or an experienced trader, our review will help you find the ideal app to meet your forex trading needs.

Here are the top forex trading apps and their respective brokers available in Malaysia.

• ZFX
• XM
• IG
• Exness
• InstaForex
• FBS
• Capital.com
• FP Markets
• RoboForex
• Axi.com
• CMC Markets
• TD Ameritrade
• Forex.com

Forex Trading Apps Comparison[AP3] 

When analyzing the charting aspect, it’s important to note that all brokers offer advanced charts with technical indicators and drawing tools. However, Exness and FBS provide additional features such as an economic calendar with real-time market news and analysis. In terms of mobile alerts, all brokers offer this feature.

Additionally, all brokers have a watchlist feature and provide an economic calendar, which can be a helpful tool for traders to stay up-to-date on important events that could potentially impact their trading positions.

Regarding mobile trading, all brokers provide Android and iOS apps, allowing traders to access the markets and manage their positions on the go. In particular, the ZFX and XM apps have received high ratings from users for their ease of use and functionality.

Overall, while all the brokers listed accept Malaysian residents and offer account creation, each one has its own unique features and strengths. Traders should carefully consider their individual trading needs and preferences when selecting a broker and trading app.

MetaTrader 4 and 5 Mobile App

MetaTrader 4 and 5 Mobile are undoubtedly the best forex trading apps available in the market. These apps offer advanced trading features, interactive charts, and a full range of orders and trading functions. MetaTrader 4 Android OS and MetaTrader 5 Mobile Trading allow traders to control their trading accounts, analyze market trends, and place trades anywhere and anytime. The platforms offer real-time trade alerts, complete account management features, and comprehensive technical analysis tools.

Many top-tier brokers like ZFX use MetaTrader Mobile for their clients. While other brokers in this review will be covered, they typically use MetaTrader Mobile and their own proprietary mobile trading app. This is because MetaTrader Mobile offers a wide range of features that other apps don’t have.

MetaTrader 4 and 5 Mobile offer a range of benefits to traders. The apps are easy to use, with an intuitive interface that is perfect for beginners. They offer a wide range of technical analysis tools and indicators, making it easier for traders to analyze market trends and make informed trading decisions. Additionally, the apps allow for algorithmic trading, which means that traders can use trading robots to automate their trading strategies.

MetaTrader 4 and 5 Mobile also provides traders with a wide range of charting tools, including candlestick, line, and bar charts. Traders can choose from nine timeframes, ranging from one minute to one month, to help them identify trends and patterns in the market.

In terms of account types, MetaTrader 4 and 5 Mobile offer a wide range of options to suit all types of traders. The apps are also regulated and offer secure deposit and withdrawal methods, making them a safe and reliable option for traders.

Overall, MetaTrader 4 and 5 Mobile are the best forex trading apps available for a good reason. They offer a wide range of features and benefits to traders, making them the go-to choice for top-tier brokers like ZFX. If you’re looking for a reliable, easy-to-use, and feature-rich trading app, look no further than MetaTrader 4 and 5 Mobile.

Best Forex Trading Application in Malaysia (Reviewed)

1.      ZFX (ZFX Trader and MT4)

ZFX is a reputable online broker (and sits at the top of our list) that offers its users a range of trading instruments and advanced trading technology. With the latest version of its mobile trading app, traders can easily access the markets from their smartphones, allowing them to trade anytime and anywhere.

ZFX offers two trading apps: the MetaTrader 4 (MT4) and the ZFX Trader mobile app. The MT4 is a popular trading platform that is widely used by traders all over the world. The highly customizable platform allows traders to use their preferred trading strategies and tools. The MT4 also offers advanced charting tools, real-time market data, and a wide range of technical indicators.

On the other hand, the ZFX Trader mobile app is a user-friendly and intuitive trading app that allows traders to buy or sell assets with one-tap trading (available on both Android and iOS). The app provides market insights to help traders capture market conditions and make informed trading decisions. It also features a dedicated section for managing portfolios, where traders can set their trading conditions, view their trading history, and backtest their trading strategies.

ZFX offers a range of trading account types, including the Premier Account, Pro Account, and ECN Account (for Malaysian residents), to cater to the different needs of traders. The Premier Account is suitable for beginners who want to start trading with a small initial deposit. The Pro Account is designed for experienced traders who require advanced trading tools and features. The ECN Account, on the other hand, is tailored for high-volume traders who require personalized support and special trading conditions. It should also be noted that the additional trading accounts for the SEA region are the Mini and STP accounts.

Traders can trade over 100 assets, including forex, stocks, indices, commodities, and cryptocurrencies, risk-free by opening a demo account. Traders can also deposit a small initial amount to start growing and diversifying their portfolio. ZFX provides various deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets. The broker processes deposits and withdrawals within 24 hours, and there are no deposit or withdrawal fees.

ZFX is a well-established online broker that is regulated by the Financial Conduct Authority (FCA) and the Financial Services Authority (FSA). The broker has a solid reputation for providing traders with top-tier security, fast execution, and excellent customer support. ZFX provides traders with a range of trading resources, including real-time market data, economic calendars, and advanced charting tools. The broker also offers educational materials in the form of their A-Z Academy to help traders improve their trading skills.

ZFX is a reliable and trustworthy online broker that provides traders with access to advanced trading technology and a wide range of tradable assets through its trading apps. The broker’s mobile trading app is highly intuitive and user-friendly, making it easy for traders to access the markets on the go. With its excellent customer support and solid regulatory framework, ZFX is a great choice for traders who are looking for a reliable and safe trading environment. Whether you are a beginner or an experienced trader, ZFX has the best forex trading app in Malaysia that you can rely on to earn money and make the most of your investment.

Pros

• Three to Two types of trading accounts depending on the region
• NDD, STP, and ECN broker
• Regulated by the FCA and the FSA
• Great resources for traders (A – Z Trading Academy)
• Low initial deposit ($50) with a minimum lot size of 0.1
• 100+ assets to trade
• Tighter spreads on ECN accounts (from 0.2 pips)
• Zero commission with low spreads
• Spreads As Low As 0.2
• $15 Minimum Deposit (Cent Account)

Cons

• $1,000 deposit for traders on ECN Accounts
• Trading is not available to U.S.-based residents
• No Web-Based Platform

2.      XM (XM Trading Point)

XM is the next online broker that has the “best forex trading apps.”. They were established in 2009 to provide traders with a transparent and fair trading environment and offer traders access to a wide range of trading instruments, including forex, CFDs on cryptos, commodities, stocks, indices, metals, and energies. While the broker provides traders with advanced trading technology and excellent customer support, it falls short in some areas.

The XM mobile trading app is available on both the App Store and Play Store and is compatible with the MT4 and MT5 trading platforms. While the app provides traders with instant order execution and no re-quotes, it lacks some of the advanced features and customization options provided by other brokers. Traders can customize their accounts in-app and make mobile deposits and withdrawals. The app also provides advanced, up-to-the-minute charts, over 90 trading indicators, and the latest news, analysis, and market research to help traders make informed trading decisions. Traders can trade over 1000 instruments, but the broker’s spreads are not as competitive as some of its competitors.

XM offers three types of trading accounts: the Micro Account, Standard Account, and XM Zero Account. While the broker provides traders with a range of account types, its account customization options are limited compared to other brokers. Additionally, the broker’s XM Zero Account, which is tailored for high-volume traders, requires a significant deposit, making it less accessible to traders with smaller accounts.

The broker provides various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, and e-wallets. While the broker processes deposits and withdrawals within 24 hours, its withdrawal fees are higher than some of its competitors.

XM provides traders with a range of trading resources, including educational materials, webinars, and analysis tools. However, its educational resources are not as comprehensive as some of its competitors, and its analysis tools lack some of the advanced features provided by other brokers.

XM is regulated by various financial authorities, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). While the broker has a solid reputation for providing traders with top-tier security, its regulatory framework does not provide as much protection to traders as some of its competitors.

While XM is a reliable broker that provides traders access to a wide range of trading instruments, its mobile trading app and features are not as advanced as some of its competitors. Additionally, its account customization options, educational resources, and withdrawal fees are not as competitive as some of its competitors. While the broker’s regulatory framework provides traders with some protection, traders may want to consider other brokers with more advanced trading technology and customization options.

Pros

• Regulated by top-tier authorities
• Offers a range of trading instruments
• Provides a user-friendly and efficient trading platform
• Offers multiple account types with low minimum deposit requirements
• Provides educational resources and tools

Cons

• Limited to specific regions
• Standard account spreads are quite expensive
• Average spreads are not published for ultra-low accounts
• Average forex portfolio
• No investor protection for residents outside the EU

3.      IG (IG Mobile)

IG is 3rd on the list and is an online broker that provides traders access to its mobile trading app, allowing them to trade thousands of markets, including stocks, forex, and indices, on the go. The IG mobile trading app is easy to use, with full dealing functionality that enables traders to open, monitor, edit, and close positions anywhere. The app provides real-time price data, exclusive data and analysis on over 17,000 markets, and the ability to react instantly to price alerts and trading signals delivered by email, SMS, or push notifications.

The IG mobile trading app provides traders with risk management tools, including trailing and guaranteed stops, which enable traders to manage their risk effectively. The app also provides advanced charting tools, which allow traders to perform technical analysis and identify potential trading opportunities.

IG is an established broker, having been in operation since 1974. It has over 313,300 clients worldwide and provides traders with access to over 17,000 markets. The broker is regulated by various financial authorities, including the Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS), providing traders with peace of mind that their funds are safe and secure.

IG offers various trading account types, including a demo account that traders can use to practice trading without risking real money. The broker provides traders with multiple deposit and withdrawal methods, including credit/debit card, bank transfer, and e-wallets, making it easy for traders to fund and withdraw from their accounts.

The broker provides traders with various trading resources, including educational materials, webinars, and analysis tools, helping traders to make informed trading decisions. Its mobile trading app is designed in-house, by traders for traders, providing traders with a seamless trading experience.

IG’s mobile trading app provides traders with an excellent trading experience, with full dealing functionality, risk management tools, advanced charting, and the ability to react instantly to price alerts and trading signals. Its comprehensive range of trading account types, deposit and withdrawal methods, and trading resources make it an ideal broker for traders of all levels. However, its fees are higher than some of its competitors, and its spreads are not as competitive as some other brokers, making it less attractive to traders looking for the lowest possible fees.

Pros

• Regulated by top-tier authorities
• Offers a wide range of trading instruments
• Provides advanced trading platforms
• Provides a range of research tools and resources
• Offers a range of account types with low minimum deposit requirements
• Well-reputed global presence
• Wide range of products offered
• Education and research focus
• Offers protection for UK/EU client accounts

Cons

• Limited educational resources and tools
• High trading fees
• Limited customer support options
• Limited deposit and withdrawal options
• Limited cryptocurrency trading options

4.      Exness (Exness Trade App)

Exness is an established forex broker with over 15 years of experience and is regulated by several authorities, including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The broker offers a variety of account types to cater to traders of all levels, including beginner, advanced, and professional accounts. Customer support is available 24/7 through multiple channels, including live chat, email, and phone.

Then, Exness has a robust mobile trading app, Exness Trade, that allows users to identify trading opportunities and execute trades easily. Available on both iOS and Android platforms, the app offers advanced and efficient trading functionalities that enable traders to manage their accounts on the go.

The app provides a full range of trading functionalities, including opening trades, placing pending orders, and closing positions, all with the click of a button. Users can also set deviations, take profits, and stop losses from a single screen. Additionally, traders can view their orders by instrument or account and use the in-app calculator for quick margin, spread, and swap calculations.

Exness Trade offers a diverse range of over 200 trading instruments, including currencies, crypto, indices, stocks, and energies. Users can choose their preferred instruments for quick access or scroll through the day’s top-moving and most traded symbols. The app also offers accessible analytics, allowing users to analyze charts with advanced trading signals and preferred indicators. The Overview tab provides in-depth price statistics and trends.

With Exness Trade, users can set bid/ask price alerts and receive tailored push notifications to stay up-to-date with the markets. The app also provides the latest market news, upcoming economic events, and trading signals. Users can register, create, and manage their accounts in-app, and deposit, transfer, and withdraw funds with just a few taps.

Overall, Exness Trade is an advanced, efficient, and effortless mobile trading app that offers users a diverse range of trading instruments and accessible analytics, making it an excellent choice for frequent traders. The app is available on both iOS and Android platforms, and users can download it from the respective app stores.

Pros

• Free VPS hosting
• Instant withdrawal of money 24/7 depending on the method used
• Segregated accounts
• Swap-Free/Islamic Account Provided
• High Maximum Leverage
• Narrow spreads
• Multiple trading platforms: MT4, MT5, MultiTerminal, mobile platform
• Regulated by top-tier authorities
• Offers a range of trading instruments
• Provides an efficient trading platform
• Offers a range of account types with low minimum deposit requirements
• Provides educational resources and tools

Cons

• Limited research tools
• Limited customer support options
• 24/7 customer support only available in some languages
• Training resources are minimal
• No US residents can be accepted as clients

5.      InstaForex (InstaForex Quotes & Trading)

Next up is InstaForex. They are a reliable and efficient broker offering its clients a trading app, InstaForex MobileTrader. This app enables forex traders to manage their trading accounts and trade forex freely. The InstaForex MobileTrader is available for Android smartphones and can be used anywhere in the world, provided you have an internet connection.

This app has several features, including quotes of online trading instruments, all types of orders, including pending ones, access to trading history, a user-friendly interface, and access to demo and MT4 accounts. Additionally, it has low traffic consumption and gives access to news, analytics, and company news.

InstaForex MobileTrader app also provides access to nine timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN. The sell-to-buy ratio is available for every trading instrument.

InstaForex is a company with a solid reputation in the forex market, and numerous awards have recognized its services. It was founded in 2007 and has since been providing online forex trading services to clients worldwide. The company is regulated by the International Financial Services Commission (IFSC) of Belize and has won several awards for its services.

InstaForex provides its clients with several trading account types, including Standard, Eurica, Cent.Standard, Cent.Eurica, and PAMM. These accounts differ in terms of minimum deposits, commissions, and spreads. The broker offers several deposit and withdrawal methods, including bank transfers, credit/debit cards, electronic payments, and cryptocurrencies.

The tradable assets available at InstaForex include over 100 currency pairs, metals, CFDs, futures, and cryptocurrencies. The broker also provides its clients with a range of charting tools, including technical indicators and analysis tools, to help traders make informed trading decisions.

InstaForex has a customer support team that is available 24/7 to assist clients with any issues they may encounter while trading. The broker provides several educational resources, including webinars, trading courses, and educational materials, to help traders improve their trading skills.

The InstaForex MobileTrader app is an excellent trading app with several features that allow traders to manage their trading accounts and trade forex freely. The broker is reliable, regulated, and provides clients with several account types, deposit, and withdrawal methods. InstaForex is a great choice for traders looking for a reliable broker with an efficient trading app.

Pros

• Founded in 2007
• Offer forex, stocks, commodities, crypto, futures
• Offer MetaTrader (4 and 5)
• Mobile trading app
• Licensed by the FSC
• Good amount of trading resources
• Good customer support
• Two account types with Cent accounts for each
• Demo account

Cons

• Limited customer support options
• Limited research tools
• Low Trustpilot score
• Spreads are high
• Only regulated by one authority
• Inactivity fees
• Limited deposit and withdrawal options
• Limited trading platform options

6.      FBS (FBS Trading Broker)

FBS is another well-established forex broker offering a mobile trading app, FBS Trader, available for Android and iOS devices. The app offers a seamless and effortless trading experience for traders of all levels. FBS Trader is an all-in-one multi-asset trading platform that enables traders to trade forex, stocks, metals, energies, indices, and even cryptocurrencies. The app offers access to more than 150 trading instruments, making it easy for traders to seize market opportunities in just a few taps.

FBS Trader has won numerous awards, including “Best Mobile Trading Platform Asia 2020” from Global Banking & Finance Review, “Best Mobile Trading Platform” from Smart Vision Investment Expo 2020, and “Best Trading Platform Asia 2021” from Global Banking & Finance Review. With a range of features like quotes of trading instruments online, all types of orders, including pending ones, all types of execution, access to trading history, a user-friendly interface, and nine-time frames.

One of the standout features of FBS Trader is its availability for beginners who are still learning about the market. The app offers leverage up to 1:1000, top financial tools, free bonus and demo accounts, 24/7 support, and demo trading Forex and other assets. The Quick Start Bonus, which offers traders $100 as an onboarding bonus, is particularly helpful for beginners as it provides a trusted guide in trading and practice.

FBS Trader is also an excellent choice for pro traders. The app provides cashback of up to 20%, live Forex charts, indicators to keep an eye on market trends, detailed order information and statistics, risk management tools, partial close option, and local payment methods. Additionally, FBS Trader is available in more than 150 countries, has more than 550,000 partners, and has 16 million active traders, making it a trusted Forex broker.

FBS is a licensed international online broker and has a reputation for being a trusted Forex broker. The company is present in more than 150 countries and offers more than 100 global and local payment methods for traders to deposit and withdraw funds. Traders can easily contact FBS Trader support via chat in the app, and the support speaks the trader’s language.

FBS Trader is an excellent mobile trading app that offers traders of all levels access to a wide range of trading instruments, including cryptocurrencies, in one platform. With a range of features like cashback, free bonuses, demo trading, risk management tools, and local payment methods, FBS Trader is a versatile app that offers traders a seamless trading experience on the go.

Pros

• Low spreads and commissions (from 0 pips) on most accounts
• Free demo account for every account type helps clients to do a trial
• Free social trading app (FBS CopyTrade) for traders to improve their performance and knowledge by copying other investors (for regions under IFCA and FSCA regulations only)
• Exemplary, multilingual customer service is always available
• No withdrawal fees
• Strong research and education resources

Cons

• It lacks proprietary web and desktop platforms
• Some instruments have wide spreads
• Limited number of commodities to trade
• EU, UK, and Australian clients have fewer account options than clients from other regions.

7.      Capital.com (Trading App by Capital)

Capital.com is the next online broker that offers traders a range of financial services worldwide. The platform is known for its user-friendly trading app, which provides traders with real-time stock quotes, price alerts, tech indicators, advanced charts, and other analysis tools.

With an intuitive interface and powerful features, Capital.com’s trading app is ideal for novice and experienced traders. Traders can benefit from hedging mode, risk management tools, and the latest economic and stock market news. Additionally, traders can use the platform’s free demo account with a stock simulator to practice their trading skills.

With over 3,700 available markets and competitive overnight fees, Capital.com provides traders with plenty of opportunities to earn money. Capital.com provides a wide range of educational materials, including an app, online courses, and trading guides. The platform offers registration in just a few minutes, and traders can start trading with leverage, though they should consider possible restrictions.

The platform offers award-winning* customer service 24/7 in 31 languages via phone, messenger, chat, and email. The platform’s learning app provides articles and explanatory videos about the stock market and finances.

Then Capital.com offers traders the option to connect with MetaTrader4 or TradingView, which provides them with numerous features and possibilities for automated trading.

Capital.com Group has offices in the UK, Cyprus, and Australia, and it is authorized and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC), respectively.

Did we mention Capital.com is a multi-award-winning* online broker revolutionizing trading? The company offers investors access to global markets, and it is a leading provider of leveraged products in the UK based on overall customer satisfaction. According to Investment Trends 2021 UK Leverage Trading Report, Capital.com customers have the highest customer satisfaction with the mobile platform/app, educational materials/programs, and overall customer satisfaction.

Capital.com’s trading app is a top-performing mobile trading app that provides traders with an intuitive interface, powerful features, and advanced charting tools. The platform is fully regulated and offers a wide range of markets, along with excellent customer service and educational materials. It is an ideal choice for those who want to trade forex, stocks, and other assets easily and efficiently.

*Capital.com was considered Most Transparent Brokerage Service Provider 2020 (The European), Best Online Trading Platform 2020 (Shares Magazine), and Best Forex Trading App 2020 (UK Forex Awards) categories. Capital.com was awarded Best Platform for Supporting New Investors at the 2022 Investors’ Chronicle Investment Awards.

Pros

• Regular live updates and price alerts for 3,700+ markets
• 0% commission and no hidden fees
• Market-leading spreads
• No withdrawal, deposit, or inactivity fees
• Fast order execution
• Non-expiring Free demo account
• Hedging mode and risk management tools

Cons:

• Stock trading is not currently available on their web terminal
• Limited offering of stocks
• No bonds offered
• Doesn’t offer MetaTrader5 (MT5)
• Overnight fees

8.      FP Markets (FP Markets App)

FP Markets is a global forex broker that offers a range of Derivatives trading options on forex, indices, commodities, and shares. With market-leading spreads from 0.0 pips, FP Markets is known for providing ultra-competitive spreads and maximum leverage due to their relationships with top-tier financial institutions, ensuring multi-asset liquidity. The broker’s dedicated Android app has been designed to provide traders with an exceptional trading experience that is easy to use, customizable, and loaded with a range of trading tools.

FP Markets offers advanced technology features such as award-winning low latency trade execution that minimizes slippage. Additionally, they also have a virtual private server that allows traders to use automated algorithmic trading strategies and a sophisticated yet easy-to-use trading platform that includes a suite of online trading tools. The FP Markets Android app is the best of MT4 and MT5 all in one, providing a comprehensive trading experience. The app can be customized to suit the trader’s strategy, and it offers one-click trading with secure 128-bit encryption.

With FP Markets, traders can access 60+ forex pairs, including all major currencies like USD, AUD, GBP, EUR, and JPY. They can also trade Derivative indices futures from across the world, including ASX200, NASDAQ 100, FTSE100, and S&P 500. Moreover, traders can take advantage of leverage trading on popular commodities such as gold and silver and diversify their portfolios. FP Markets also offers access to global stock exchanges via share Derivatives, making it a versatile trading platform.

The broker offers 24/5 multilingual customer support via live chat and a comprehensive list of frequently asked questions on their Help Centre. Traders can also contact the broker via email or phone and access personal account managers and product walkthrough assistance. Additionally, FP Markets has a dedicated Traders Hub Blog that caters to traders of all skill levels. These include video tutorials on how to use the trading platform, place trades, and incorporate advanced trading strategies, news articles, technical analysis, eBooks, and much more.

FP Markets is a regulated forex broker with 35+ industry awards to its name, twice voted #1 Value Global Forex Broker (2019,2020). The broker offers several funding options, including Credit/Debit Cards, Poli Pay, BPAY, PayPal, Skrill, Neteller, Bank Transfer, and more, with all currencies accepted. Traders can download the app, deposit funds, and start trading Derivatives online.

In conclusion, FP Markets is a highly-regarded broker that provides a comprehensive and customizable trading experience for traders of all levels. FP Markets is a trusted and reliable broker in the forex industry with market-leading spreads, advanced technology features, a range of tradable assets, and exceptional customer support.

Pros

• MT4 and MT5 are available
• Been in business since 2005
• Regulated by multiple financial authorities
• Two easy-to-understand account types
• Over 10,000 assets to trade
• Good amount of trading resources
• Islamic Swap Free accounts are an option
• Many funding methods are available

Cons

• Only trade CFDs
• There is a minimum deposit of 100 AUD or the equivalent
• Some information and trading resources on the site are outdated
• There is no Cent account available
• There are no special offers except for the affiliate and IB program

9.      RoboForex (RoboForex cTrader)

RoboForex is a forex broker that offers a mobile trading app called RoboForex cTrader. This app provides a premium mobile trading experience by allowing users to buy and sell global assets on Forex, Metals, Oil, Indices, Stocks, and ETFs. The app can be accessed by logging in with a Facebook or Google account or with a cTrader ID.

The RoboForex cTrader app offers a complete range of order types, advanced technical analysis tools, price alerts, trade statistics, advanced order management settings, symbol watchlists, and a variety of other settings to customize the platform to users’ on-the-go trading requirements. The platform uses direct processing (STP) and no dealing desk (NDD) trading, ensuring users experience quick and reliable order execution.

The app provides detailed symbol information to help users understand the assets they are trading. The symbol trading schedules show users when the market is open or closed, and links to news sources inform users about events that may affect their trading. The fluid and responsive charts and quick trade mode allow for one-click trading, and the market sentiment indicator shows how other people are trading.

The app also offers sophisticated technical analysis tools with advanced settings for all indicators and drawings. The app has four chart types: standard time frames, tick, renko, and range charts. The chart view options include candlesticks, bar charts, line charts, dots charts, and area charts.

The app offers eight chart drawings, including horizontal, vertical, and trend lines, ray, equidistant channel, Fibonacci retracement, equidistant price channel, and rectangle. It also has 65 popular technical indicators.

Users can configure push and email alerts for specified events, switch swiftly through their accounts with a simple click, review their strategies and trade performance in detail with trade statistics, and group and save their favorite symbols with symbol watchlists. The app also offers the option to manage sessions, allowing users to log off their other devices. The platform is available in 23 languages, with all platform features translated into users’ native languages.

RoboForex offers a wide range of tradable assets, including Forex, Metals, Oil, Indices, Stocks, and ETFs. The company also offers a range of deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. RoboForex is regulated by the International Financial Services Commission (IFSC) in Belize, offering clients peace of mind that they are using a legitimate and regulated forex broker.

In terms of customer support, RoboForex offers 24/7 support through live chat, phone, and email. These offer video tutorials on how to use the trading platform, place trades, and incorporate advanced trading strategies, as well as news articles, technical analysis, and eBooks. The company also offers a comprehensive help center with a list of frequently asked questions and a dedicated blog catering to traders of all skill levels.

Overall, the RoboForex cTrader app is an excellent choice for traders looking for a mobile trading platform with sophisticated trading tools and various customizable features. It is also an ideal platform for beginners due to its ease of use and comprehensive educational resources. The app is available for Android, iPhone, and Mac, making it accessible to traders on various devices.

Pros

• In operation for over a decade now
• Accumulated over 30 industry awards
• Can trade CFDs for forex, stocks, crypto, commodities, and indices
• Can also trade in shares
• There are 5 trading account types
• Low spreads on some accounts
• Cent account is available
• No deposit or withdrawal fees
• MetaTrader (4 and 5) are available
• They have proprietary trading software

Cons

• Only regulated by the FSC
• Not many trading resources or education
• Low customer trust rating
• Too many account types

10.  Axi.com (Axi App)

Axi is the last leading online forex and CFD broker on our list. This broker offers an innovative solution to copy trading with the Axi Copy Trading app. Developed in collaboration with Pelican Exchange Ltd, this mobile app provides an easy way to find and copy top traders’ trades on forex, commodities, indices, shares, and cryptocurrencies in real time on your MetaTrader 4 account. The app is designed for traders who want to take advantage of market opportunities but don’t have the time or knowledge to monitor the markets or choose the right trades.

To start using the Axi Copy Trading app, you need to download the app and connect your existing Axi’s MT4 trading account or open a free account at Axi’s website if you don’t have one. Then, you can search the community of traders (signal providers) or use suggested lists to view their performance, trading history, and markets traded. Once you find a trader that fits your goals and strategy, you can start copying their trades with a click of a button.

One of the significant advantages of Axi Copy Trading is the ability to filter traders based on what’s most important to you, including profitability, risk tolerance, and asset type. You can retain control over the traders and strategies you follow, view a full performance history, and pick traders that best fit your financial goals. You can also monitor your account’s overall performance, including open, closed, and pending orders, and customize account settings.

Another feature of the Axi Copy Trading app is the ability to manage your risk by easily modifying trade settings to suit your goals and strategy. You can set alerts, suspend trades, alter equity settings, and set a maximum drawdown.

Regarding regulations, Axi is a reputable broker with over a decade of experience and is regulated by respected financial authorities such as ASIC, FCA, and DFSA. The broker offers a range of account types to suit different trading styles and preferences, including standard, pro, and Islamic accounts. Tradable assets include forex, indices, commodities, shares, and cryptocurrencies, and traders can access a suite of trading resources and charting tools to enhance their trading experience.

Overall, the Axi Copy Trading app is an excellent solution for traders who want to take advantage of top traders’ expertise and trades. The app is easy to use, customizable, and provides a transparent and straightforward way to follow and copy the best traders in the market.

Pros

• Very low forex fees
• No withdrawal or deposit fees
• Creating an account is fully digital
• Regulated by three authorities
• Deposit insurance and compensation plans are available
• A typical range of tradable instruments on offer

Cons

• Demo account is only available for 30 days
• Users have experienced problems withdrawing funds
• The account verification is complicated and drawn out

11.  CMC Markets (CMC Mobile Trading App)

CMC Markets is an online broker that offers trading services across multiple financial markets. The platform provides an award-winning mobile trading app that provides functionality similar to its web platform, allowing traders to open, close, or modify trades with ease and access a full range of markets. The mobile trading app has won several awards, including Best Mobile/Tablet App at the 2019 Investment Trends UK Leverage Trading Report, Best Trading App at the 2019 Financial Times Wealth Management Awards, and Best Mobile/Tablet App at the 2019 Shares Awards.

The mobile trading app is available on iOS and Android platforms and gives traders total control over their trading activities, even while on the move. Traders can access over 12,000 markets that include popular instruments like UK 100, EUR/USD, and Gold. The mobile trading app is mobile-optimized and provides advanced order ticketing, mobile-optimized charting, and over 40 technical indicators and drawing tools. Additionally, traders can set up push, SMS, or email alerts, ensuring they never miss an important market event, price alert, or order notification.

CMC Markets is a transparent broker and is listed on the London Stock Exchange. CMC Markets is fully FCA regulated, and traders’ funds are held in segregated accounts protected by the FSCS. The mobile application process is straightforward, with ID verification built into the app, making it easier than ever to sign up.

Traders can fund their accounts and withdraw their funds seamlessly within minutes by debit card, credit card, bank transfer, or PayPal. The mobile trading app offers mobile-optimized charts, customisable dashboard, client sentiment tracker, and topical watchlists, making it easy for traders to access the information they need and tailor their layout to their preferences.

The platform also provides exclusive access to market news and insight from award-winning in-house analysts, news and market commentary from Reuters, a comprehensive economic calendar, and news and valuation data from Morningstar.

The mobile trading app is suitable for traders of all levels, whether beginners or experienced traders, and provides a demo trading account for those who want to practice trading. The platform offers trading services across various financial markets, including forex, CFDs, and spread betting, making it easy for traders to invest in their preferred assets.

In conclusion, the CMC Markets mobile trading app is a reliable and safe trading platform, providing traders with an intuitive interface and excellent features. It is a suitable option for traders of all levels, and the platform’s comprehensive educational resources and analysis tools make it an excellent choice for traders looking to improve their trading skills.

Pros

• Award-winning mobile trading app for Android and iOS
• Over 12,000 markets available for trading
• Fully regulated by the FCA in the UK
• Segregated accounts for client funds
• Mobile-optimized charting and advanced order ticketing
• Instant notifications for price alerts and market events
• Free access to market news and analysis from Reuters and Morningstar
• Transparent broker listed on the London Stock Exchange

Cons

• Limited educational resources compared to some other brokers
• No demo account available for traders outside of the UK and Europe
• Inactivity fee charged after a certain period of account inactivity
• Limited options for deposit and withdrawal methods compared to some other brokers
• Higher than average fees for some markets, such as cryptocurrency trading
• No support for MetaTrader 4 or other third-party trading platforms

12.  TD Amertrade (ThinkorSwim)

TD Ameritrade is a US-based brokerage firm that offers its clients various financial services and products. The firm is known for its advanced trading platforms, including the award-winning thinkorswim platform, which is designed to cater to the needs of all types of traders. Let’s look at TD Ameritrade’s trading apps, which include the thinkorswim web, thinkorswim desktop, and thinkorswim mobile.

The thinkorswim web platform provides a streamlined trading experience, perfect for those who want to trade right from their browser using only the most essential tools and strategies. It is easy to use and requires no download. The platform offers advanced charting tools and technical indicators, live news feeds, and real-time quotes, making it an excellent choice for traders who value speed and convenience. The thinkorswim web platform is compatible with all major web browsers, including Google Chrome, Safari, and Mozilla Firefox.

The thinkorswim desktop platform is the original platform that started it all. It is a fully customizable software-based trading platform that provides access to elite trading tools that give traders the power to test their strategies, develop new ideas, and execute even the most complex trades. The platform offers advanced charting tools, real-time quotes, and news feeds, making it an ideal choice for active traders. The thinkorswim desktop platform is compatible with Windows and Mac operating systems.

The thinkorswim mobile platform is a one-stop trading app that packs the features and power of thinkorswim desktop into the palm of your hand. It is optimized for phone and tablet use and allows traders to analyze market movements and trade products easily and securely on a mobile platform. The platform offers advanced charting tools, technical indicators, and real-time quotes, making it an excellent choice for traders who want to stay connected to the market while on the go. The thinkorswim mobile platform is compatible with both Android and iOS operating systems.

TD Ameritrade offers a wide range of account types, including individual, joint, IRA, and trust accounts. The firm also offers a demo account, which allows traders to practice trading with virtual money before risking real money. TD Ameritrade provides its clients with access to a wide range of financial instruments, including stocks, options, futures, forex, and ETFs. The firm is regulated by several regulatory authorities, including the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

TD Ameritrade has a long history, dating back to 1975, and is known for its commitment to innovation and customer service. TD Ameritrade provides excellent customer support to its clients, with 24/7 phone and chat support. The firm also provides its clients with access to educational resources, including webinars, articles, and videos, designed to help traders improve their trading skills.

In conclusion, TD Ameritrade’s trading apps, including the thinkorswim web, thinkorswim desktop, and thinkorswim mobile, are some of the best in the industry. They provide traders with access to advanced charting tools, technical indicators, real-time quotes, and news feeds, making it easy for traders to stay connected to the market while on the go. TD Ameritrade offers a wide range of account types, financial instruments, and excellent customer support, making it an excellent choice for traders of all levels.

Pros

• TD Ameritrade offers a range of trading apps and platforms to cater to traders of all levels and styles
• The broker provides access to a broad range of tradable assets, including stocks, options, futures, and forex
• TD Ameritrade’s thinkorswim platform provides advanced charting tools and a real-time market scanner to identify potential trading opportunities
• The broker offers commission-free trading on stocks, ETFs, and options, making it an attractive option for cost-conscious traders
• TD Ameritrade’s customer support is comprehensive and available through phone, email, and live chat

Cons

• TD Ameritrade charges a commission on futures trades, which may be higher than some other brokers
• The broker does not offer 24/7 customer support
• TD Ameritrade’s mobile app may not be as feature-rich as some other brokers’ apps

13.  Forex.com (Forex.com Mobile)

Forex.com is a reliable and trusted broker that offers a suite of trading apps, including its mobile app. The Forex.com mobile app is designed to offer traders on-the-go access to the markets, allowing them to manage their accounts and execute trades with ease.

One of the advantages of the Forex.com mobile app is its lightning-fast execution, which allows traders to execute trades with just one swipe. The app also features advanced TradingView charting and analysis tools, providing traders with a range of technical indicators and drawing tools. Additionally, the app offers real-time trade and order alerts, allowing traders to stay up-to-date with market movements.

The Forex.com mobile app also includes full account management features, allowing traders to fund their accounts, withdraw funds, and manage their positions from anywhere. This makes it a convenient option for traders who need to manage their trades while on-the-go.

Forex.com offers a range of trading account types, including standard, commission, and direct market access (DMA) accounts. The broker has a strong regulatory framework and is compliant with financial regulations in multiple jurisdictions, providing traders with peace of mind.

The broker has a rich history, having been founded in 2001 and acquired by StoneX Group Inc. in 2020. Forex.com offers a wide range of tradable assets, including forex, stocks, indices, and commodities.

Forex.com provides excellent customer support, with a dedicated team available 24/7 to assist traders with any issues they may encounter. The broker offers a range of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets, making it easy for traders to fund their accounts and withdraw their profits.

Forex.com is a legal and trustworthy forex trading app that provides traders with a range of advanced tools and features to help them succeed in the markets. The app is available for Android and iOS devices and is a great option for beginners and experienced traders. Forex.com is an excellent choice for traders looking for a reliable and user-friendly trading app.

Pros

• A wide range of trading instruments and assets, including forex, stocks, commodities, and cryptocurrencies
• User-friendly and customizable trading platforms, including the advanced TradingView charts and analysis tools
• Reliable and fast trade executions with a one-swipe trading feature on the mobile app
• Access to educational resources, sophisticated trader tools, and professional guidance and support
• Strong regulatory framework and sophisticated encryption technology to ensure the highest level of account security

Cons

• Forex.com has relatively high trading fees compared to some other brokers.
• Limited range of research and analysis tools compared to some other brokers.
• Some users have reported occasional technical issues with the trading platform.
• Withdrawal fees are charged on some account types.

14.  FxHours (FX Hours App)

Fxhours is a standalone app that provides Forex traders with a plethora of features to help them stay on top of their game. The app is available for download on Google Play Store, and once installed, traders can enjoy features like the Smart Forex Screen, which shows the opening hours of the Forex market in their local time, bank holidays, high-impact news with alert features, and the overlapping times, which provide the greatest liquidity and create the best chance to trade.

In addition to the Smart Forex Screen, the FXhours app comes equipped with an Economic Calendar, which is an essential tool for Forex traders. The calendar has a nice interface with more features like filters and event alerts to facilitate dealing with economic news. With this feature, traders can stay up to date with all the latest news and events affecting the Forex market.

Real-Time Charts are also available on the app, and traders can analyze the pair positions and make informed trading decisions. Tradingview.com provides the charts and is available without opening a demo account or registering.

The Financial News section on FXhours is an amazing feature that keeps traders informed about the latest economic breaking news, useful analysis, and industry news in Forex, Crypto, and Commodities. This feature is vital for traders who want to improve their trading decisions.

Interest Rates are another great feature on FXhours that shows central bank interest rates, the date of the next releases, and the remaining days with a nice and easy graphic. This feature is useful for traders who want to keep up with interest rate changes.

The Pip Calculator is a unique feature that is designed to help traders calculate pip values accurately for each pair of currencies. This feature eliminates any confusion that may arise when calculating pip values.

While FXhours is not a broker like others on the list, it is a fantastic standalone app offering traders comprehensive features to enhance their trading experience. With the app, traders can have access to a complete Forex trading suite on their mobile devices. So, download FXhours from the Google Play Store today and discover the rest of the features for yourself.

Pros

• Smart Forex Screen provides information on the opening hours of forex markets in the user’s local time
• Economic calendar with filters and event alerts to facilitate dealing with economic news
• Real-time charts powered by TradingView.com
• Financial news section for the latest economic breaking news, useful analysis, and industry news in Forex, Crypto, and Commodities
• The interest rate section displays central bank interest rates, the date of the next releases, and the remaining days with a nice and easy graphic
• Pip calculator for easy pip calculation
• Available for free on Google Play Store

Cons

• FXhours is not a broker, so users must find their own broker to trade with
• Some features may not be as comprehensive as other trading apps
• Only available on Android devices, not currently available for iOS or other mobile operating systems

15.  NetDania (NetDania stock and forex trader)

NetDania Forex & Stocks is a comprehensive trading app that offers a multitude of features to help traders monitor the markets and make informed trading decisions. With 20,000+ financial instruments, 10,000+ real-time stocks and indices, and 2,200+ currency pairs, this app provides an unprecedented speed and market overview, making it a top choice for beginners and experienced traders.

One of the standout features of the NetDania app is the real-time trading ideas and strategies with target, stop, and limit orders. TRADING CENTRAL delivers these ideas and cover the world’s most traded instruments. To access this feature, traders can create a demo or live trading account with one of several brokers, including InterTrader, FXCM, CFH Clearing, and more.

In addition to trading ideas and strategies, the NetDania app offers streaming tick-by-tick quotes, low-latency interbank FX rates from top-10 liquidity providers, and real-time news and economic calendar updates. The app also features outstanding global overviews, 6 different chart types, and best charting for mobile and tablets, including trading from chart.

NetDania also allows traders to trade the world’s most traded instruments, create simple or complex algorithms using combinations of studies and pattern recognition, and set alerts on any instrument. The app also includes unlimited watchlists and alerts on quotes, studies, and patterns.

One of the most impressive features of the NetDania app is the ability to build algorithms and set alerts. Traders can search for specific conditions and patterns within a range of bars or bars back and take advantage of built-in functions to find minimum and maximum values, slope, and slope% within historical data and on studies.

NetDania is not a broker but a pioneer in streaming price technology and has delivered solutions to global Tier-1 banks, brokers, currency managers, and analysts. Acquired by United Fintech, this app is a standalone app, not a broker like others on the list.

In conclusion, NetDania Forex & Stocks is an excellent trading app for anyone looking for a comprehensive tool to monitor the markets and make informed trading decisions. With many features, including real-time trading ideas and strategies, streaming tick-by-tick quotes, and the ability to build algorithms and set alerts, this app is a must-have for any serious trader. Whether you’re a beginner or an experienced trader, NetDania is a top choice for all your trading needs.

Pros

• A wide range of financial instruments and real-time market data from global Tier-1 banks, brokers, and analysts
• Low latency interbank FX rates from Top-10 liquidity providers
• Best charting capabilities for mobile and tablets, with a variety of chart types and customizable settings
• Ability to trade the world’s most traded instruments and execute trades directly from charts
• Ability to create simple or complex algorithms using combinations of studies and pattern recognition without requiring any programming skills
• Real-time breaking news and a comprehensive economic calendar with historical charts and descriptions, available in 16 different languages
• Set alerts on any instrument, study, or pattern and receive push notifications when triggered
• Unlimited number of watch lists and demo/live trading accounts with multiple brokers
• Compose your own news stream from preferred news sources
• Synchronization of alerts and algorithms to other devices, including NetDania NetStation for desktop

Cons

• Some users have reported occasional glitches and issues with data updates
• The app may be overwhelming for beginner traders due to a large amount of information and tools available
• Some users have reported difficulty with setting up alerts and using charting tools
• The app may require a relatively high amount of device memory and processing power, which could be a limitation for older or lower-end devices
• The app may not be suitable for traders who prefer a more simplified interface or those who require customer support from a broker

How To Start Forex Trading in Malaysia?

Forex trading apps have gained popularity as a way to invest in financial markets, offering traders an automated platform to replicate successful trades. In Malaysia, ZFX is a top-rated broker that provides a range of forex trading apps, including the popular MT4 platform. This section will guide you through the process of opening an account with ZFX, depositing funds, verifying your identity, and trading on the MT4 platform. Take note that we will discuss forex trading because using an app with a broker is mandatory.

While ZFX also offers a mobile trading app called ZFX Trader, this guide will focus on using the MT4 platform. Once your account is set up, you can download the MT4 app and start trading on the go. With real-time market data, customizable charts, and technical analysis tools, traders can make informed decisions and trade a variety of financial instruments, including forex, stocks, commodities, and indices.

Open an Account

To begin using ZFX, the first step is to visit their website. Depending on your location, you’ll be automatically directed to the correct domain for your region. Don’t worry about any differences in the registration process, as ZFX has streamlined the signup process to ensure a consistent interface for all users.

Once on the ZFX website, click the “open an account” button at the top to go to the registration page. Here, you’ll need to fill in personal details such as your name, last name, country, phone number, and password. It’s important to note that you can choose between opening a live or demo account from this page.

After entering your phone number, ZFX will send a verification code that you’ll need to input in the appropriate field to proceed to the next page. Here, you’ll need to choose your account type, which will differ depending on your region. For example, if you’re signing up from MENA, you’ll have the option to choose between Pro and Premier accounts. If you’re signing up from Malaysia, you can select Mini, Standard STP, or ECN accounts.

Once you’ve selected your account type, the next page will provide your account details and the option to download MT4. It’s advisable to save your account information at this point as you’ll require it to log in to MT4. Your account password will be used to log into MyZFX, which is the client’s backend.

Make your First Deposit

In order to begin trading using a live account, you’ll first need to make a deposit. To do this, navigate to your client area and click on the “make a deposit” button. This will redirect you to the deposit funds section in your MyZFX dashboard.

You’ll be presented with a variety of deposit methods to choose from, each with its own specific minimum deposit requirement. It’s important to keep this in mind when selecting a method to use. After selecting your preferred method, provide all necessary payment information and confirm the deposit.

Your transaction will then be processed through a secure payment gateway. Remember that making a deposit is an essential step to open any live positions, so be sure to have funds available in your account before you start trading.

Verify your account

Although it’s possible to start trading and make deposits without verifying your account, we strongly advise completing the verification process. This involves uploading the necessary documents to your MyZFX account. If you don’t complete the verification process, you won’t be able to withdraw any funds from your account. To learn more about the verification process, refer to the screenshot below, which outlines the necessary steps to upload the required documents.

Start Trading

Once you’ve deposited funds into your live account, the next step is downloading and installing MT4 on your computer to start trading. When you launch MT4, you’ll be prompted to enter the server information, which can be found in your ZFX account. Refer to the screenshot below for a better understanding of what this entails.

After entering the server information, select the account you wish to use. Keep in mind that you can choose between a live or demo account depending on your registration type. Once you’ve selected your account, MT4 will connect to the servers and display your trading charts and available assets. From here, you’ll have full access to the markets and be able to open live positions.

Advantages and Disadvantages of Forex Trading Apps in Malaysia?

Advantages of Forex Trading Apps

• Convenience: Trading apps allow traders to manage their accounts and trade on the go, giving them the ability to access the markets from anywhere at any time.
• Real-time market updates: Mobile and desktop trading apps offer real-time market updates, allowing traders to stay on top of the latest market news and fluctuations.
• Easy-to-use interface: Trading apps are designed to be user-friendly, making it easy for traders to navigate and place trades.
• Advanced charting tools: Trading apps often come equipped with advanced charting tools that allow traders to analyze market trends and patterns.
• Notifications and alerts: Trading apps provide notifications and alerts for price changes and other important market events.
• Automated trading: Many trading apps offer automated trading capabilities, allowing traders to use algorithmic trading strategies to execute trades.
• Risk management tools: Trading apps often come with built-in risk management tools, such as stop-loss orders, to help traders minimize their losses.
• Portfolio tracking: Trading apps allow traders to track their portfolio performance in real time.
• Multi-language support: Many trading apps offer support in multiple languages, making it easier for traders from different regions to use the app.
• Accessibility: Trading apps can be accessed on a wide range of devices, including smartphones, tablets, and desktop computers.

Disadvantages of Forex Trading Apps

• Technical issues: Trading apps can be prone to technical issues like connectivity problems and software crashes.
• Limited screen space: Mobile trading apps may have limited screen space, which can make it challenging to view all the necessary information.
• Security concerns: Trading apps can be vulnerable to security breaches and hacking attempts.
• Limited functionality: Some trading apps may have limited functionality compared to desktop trading platforms.
• Reliance on mobile devices: Mobile trading apps rely on mobile devices, which can be susceptible to battery issues, internet connectivity issues, and other problems.
• Lack of customization: Trading apps may have limited customization options, which can make it difficult for traders to tailor the app to their specific needs.
• Risk of emotional trading: Trading apps make it easy to place trades quickly, which can lead to impulsive and emotional trading.
• Limited education resources: Some trading apps may not offer sufficient educational resources to help traders learn and improve their skills.
• Fees and commissions: Trading apps may charge additional fees and commissions for certain types of trades or transactions.
• Internet connectivity issues: Trading apps require a stable internet connection, and issues with connectivity can prevent traders from accessing the markets.

Bottom Line

After analyzing and comparing the trading apps of several brokers, including XM, IG, Exness, InstaForex, FBS, Capital.com, FP Markets, RoboForex, and Axi, it can be concluded that ZFX stands out as the best broker. ZFX’s trading apps offer a range of features that make trading easy, fast, and efficient. With its user-friendly interface, advanced charting tools, and customizable options, ZFX provides a seamless trading experience for both beginners and advanced traders.

Moreover, ZFX offers competitive spreads, fast trade execution, and a variety of tradable assets, including forex, indices, commodities, and cryptocurrencies. The broker is also regulated and offers excellent customer support through various channels.

While there are some drawbacks to forex trading apps, such as the potential for technical glitches and the need for stable internet connectivity, ZFX’s trading apps offer a reliable and secure trading environment. Overall, ZFX’s trading apps stand out among the competition, making it the best choice for traders looking for a reliable and efficient trading experience.

FAQs 

Which app is best for forex trading in Malaysia?

ZFX is the best choice for forex trading in Malaysia regarding its apps and broker as a whole. They offer a user-friendly mobile and desktop trading app with advanced trading tools, tight spreads, and fast execution.

They are also a regulated and trusted broker with excellent customer support and a variety of account types to suit different trading needs.

Which app is best for forex trading for beginners?

ZFX is one of the best forex brokers for beginners, offering an intuitive and easy-to-use trading platform with a range of educational resources and tools to help new traders learn and improve their skills. They offer demo accounts to practice trading strategies, and their mobile app is designed for on-the-go trading.

Can I trade forex with my phone?

Yes, you can trade forex with your phone. Many brokers, including ZFX, offer mobile trading apps for Android and iOS devices that allow traders to access their accounts, manage trades, and monitor the markets from anywhere with an internet connection.

Does forex have an official app?

Forex is not an official app, as forex trading is conducted through various brokers who provide their own trading platforms and apps. ZFX is a broker offering a dedicated trading app for forex and other financial instruments.

Is the Forex app safe?

Yes, forex trading apps can be safe if you choose a regulated and reputable broker like ZFX. They employ the latest security measures to protect traders’ data and funds, and their trading apps are regularly updated to ensure they are secure and reliable. However, it is always important to use caution and do your own research before trusting any app or broker with your money.