Forex App Recommendations | Complete Review of the Top 10 Trading Software You Must Know in 2025, Compatible with iOS & Android

The Forex Market Threshold Has Lowered; Choosing the Right App Is the First Step to Success

Driven by the internet wave, the forex market—once accessible only to institutional investors—has now opened its doors to retail traders. The emergence of retail brokers has significantly lowered the costs of participating in forex trading, but the challenge remains: with dozens of forex Apps available, how should investors filter? This article will analyze the top ten most关注ed forex trading software in 2025 to help Taiwanese investors make informed decisions.

Five Golden Rules to Identify Legitimate Forex Apps

Fraudulent Apps are rampant in the market; investors must do thorough research before depositing funds. The following five checklist items can effectively identify genuine platforms:

First, regulatory licenses are the trust foundation
Legitimate forex brokers are regulated by top international financial authorities. Licenses from the UK FCA, Australian ASIC, US NFA, EU MiFID are the most reputable. If a platform claims regulation but cannot produce documentation, it is likely a scam.

Second, website quality reflects platform sincerity
Investors can judge by website design, maintenance, and information update speed. Well-operated platforms continuously invest in user experience, while poorly made websites often signal “run after a quick scam.”

Third, deposit and withdrawal processes determine user experience
Avoid platforms with difficult withdrawals or complicated fees. Compliant brokers do not block withdrawals under various pretexts. Deposit and withdrawal should be convenient, transparent, and low-cost.

Fourth, fee structure requires rational analysis
Extremely low commissions often hide higher spreads or hidden costs. Understanding the broker’s profit model helps investors identify traps.

Fifth, localized services greatly reduce risks
Having Taiwanese customer service, Chinese educational resources, and local payment options directly impact problem-solving efficiency. Cross-border platforms lacking local support often leave users helpless when issues arise.

How Do Forex Brokers Make Profits? Three Different Models

Forex brokers mainly fall into three categories, each with its own operating logic:

Market Makers are both intermediaries and risk counterparts. They profit from spreads, offering prices close to interbank markets. This is the mainstream model in retail forex, categorized as over-the-counter (OTC) trading.

STP and ECN models brokers act solely as liquidity intermediaries, connecting investors directly to financial institutions. Revenue mainly comes from commissions and spread adjustments, offering more transparency to investors.

Top 10 Forex Apps Recommendations: Categorized by Investment Needs

Beginner-Friendly

Mitrade｜Simple and Easy to Use, Ultra-Low Deposit Threshold
Supported Systems: Android / iOS

Mitrade is licensed by the Australian ASIC (License 398528) and has a broad user base worldwide. The app scores 4.7/5 on the Apple Store, emphasizing simplicity and flexible features. The minimum deposit is only $50, with leverage adjustable from 1 to 200 times, supporting TWD deposits/withdrawals and 24/7 Chinese customer service. The platform offers trading on over 400 assets, including 60 forex pairs, cryptocurrencies, commodities, indices, and US stock options. After adding USDT deposit options, convenience is further enhanced. Users can trade seamlessly via App, Web, or desktop software.

FXTM｜Rich Educational Resources and Promotions
Supported Systems: Android / iOS

FXTM was established in 2012, headquartered in Cyprus, regulated by FCA, CySEC, and IFSC. The platform offers over 250 trading products, including forex, commodities, precious metals, indices, and crypto CFDs. Forex leverage up to 2000x (cent accounts), with a minimum deposit of $200. FXTM’s advantage lies in abundant educational resources and frequent promotions, helping beginners quickly build trading knowledge. Supports MT4, MT5, and proprietary FXTM Trader apps, offering flexible choices.

Professional Trader

IG Markets｜Richest Asset Classes and Most Comprehensive Tools
Supported Systems: Android / iOS

IG is one of the global leaders in forex and CFD markets, founded in London in 1974, and part of the FTSE 250. Regulated by multiple countries (FCA, ASIC, FSCA, FSA), offering over 17,000 assets across 11 categories, with leverage up to 200x. Minimum deposit is $300 (debit/credit card), wire transfer unlimited. The platform emphasizes WebTrader and mobile app experience, with extensive charting tools, and supports MT4 integration. Suitable for traders seeking asset diversification and professional tools.

IC Markets｜ECN Leader with the Lowest Spreads in the Industry
Supported Systems: Android / iOS

Founded in 2007, headquartered in Australia, regulated by ASIC. As a true ECN broker, its advantages include direct connection to liquidity providers, the best spreads, and real-time trading. Leverage up to 500x, minimum lot size 0.01, minimum deposit $200, with very convenient deposit/withdrawal. Main cost is commissions. Offers Ctrader, MT4, MT5 platforms, catering to different trading styles.

ThinkMarkets｜Flexible Leverage and Wide Product Line
Supported Systems: Android / iOS

Founded in 2010, regulated by FCA, ASIC, and FMA (New Zealand). The platform offers over 4,000 products, with forex leverage up to 400x. Users can choose MT4 or proprietary ThinkTrader platforms, or download mobile apps. Suitable for investors seeking diverse trading instruments and leverage strategies.

High Leverage Risk Tolerance

XM｜Ultra-High Leverage, Preferred by Aggressive Traders
Supported Systems: Android / iOS

Founded in 2009, regulated by FCA, ASIC, Belize IFSC, and CySEC. Offers leverage up to 888x, a high standard in the industry. Minimum deposit is only $5, supporting MT4 and MT5, with multiple account types. Suitable for advanced traders who prefer high-risk, high-reward strategies.

FOREX.com｜Long History, Stable and Reliable
Supported Systems: Android / iOS

Operated by Gain Capital, established in 1999, and a subsidiary of NY-listed StoneX (SNEX.US). Supervised by major global regulators (FCA, ASIC, FSCA, CySEC, FSA), providing transparent quotes. Leverage up to 400x, moderate trading costs, supports proprietary platform, MT4, MT5. High brand reputation, suitable for traders seeking stability.

CFD-Focused

Plus500｜CFD Expert with Excellent Trading Experience
Supported Systems: Android / iOS

Founded in Israel in 2008, now listed on the London Stock Exchange (LSE: PLUS), regulated by FCA, ASIC, MAS, FSCA, CySEC. User-friendly app, CFD leverage up to 200x, minimum deposit $100. No deposit/withdrawal fees, but inactive accounts (over 3 months) incur a monthly fee of $10. Known for its CFD product line.

Easymarkets｜Deep Integration with TradingView
Supported Systems: Android / iOS

Founded in 2001, an early pioneer in retail forex, regulated by ASIC and CySEC. Leverage up to 200x, minimum deposit $100, with better spreads for higher account levels. Offers 175 tradable products, proprietary Web platform, and MetaTrader 4. Unique feature: deep integration with TradingView, allowing traders familiar with TradingView to place orders directly from the platform.

ATFX｜Emerging Force with Customer Service First
Supported Systems: Android / iOS

Founded in 2015, headquartered in the UK, regulated by FCA and CySEC. Although a relatively young broker, it has grown rapidly, focusing on customer service and cost control. Leverage up to 400x, trading via MT4 (requires MetaTrader 4 App). Suitable for investors seeking emerging platforms with reliable customer support.

Core Parameters Comparison of Forex Trading Apps

All information sourced from official websites and public data. Please verify detailed terms before investing. This ranking does not imply recommendation order.

MT4/MT5 vs Proprietary Platforms: How to Choose?

For beginners, the difference is minimal, mainly a matter of usage habits. Professional traders prefer MT4/MT5 because they can develop custom trading plugins, but this requires programming skills. Most investors, rather than spending time coding, should focus on optimizing trading strategies, especially for busy professionals with limited time.

How Much Capital Is Needed to Start Forex Trading?

Using free demo accounts to experience trading rules and assess risk tolerance is a wise first step. Since forex trading operates on margin, actual capital invested is much lower than the trading volume. Generally, a few tens of dollars can start trading. For example, with Mitrade, trading 0.01 lot AUD/USD requires less than $4 (based on current market prices; check real-time quotes in the Mitrade App).

Start a demo account now｜24/7 online｜Zero commission and low spreads｜Authoritative regulation protection｜Set limit orders and stop-loss for each trade

Essential Apps for Beginners: Information and Analysis

Before grasping market trends and executing decisions, these tools are indispensable:

Information: Jin10 Data, Yahoo Finance

Analysis: TradingView, Financial M Square

Summary: Logic Behind Choosing Forex Apps

By 2025, the forex app market has formed a multi-layered ecosystem. Beginners can prioritize platforms like Mitrade and FXTM, which offer rich educational resources and low entry barriers; advanced traders should select based on asset needs, leverage preferences, and spread sensitivity among IG Markets, IC Markets, ThinkMarkets, etc.; high-risk lovers may consider ultra-high leverage products like XM. Regardless of the platform chosen, regulation licenses, deposit/withdrawal convenience, and customer service quality are always the top evaluation criteria. Through this comparative analysis, investors should now have a clear understanding of the top ten mainstream options and can confidently embark on their forex trading journey.