![]() ![]() Platforms that charge a small commission may be offering a proprietary software that is worth the extra cost. Whilst many of the platforms I have listed above offer commission-free trading, you will need to ensure that this is not offset by sacrificing some of the tools and features that you require. Which of these is best will depend on a number of factors so it is a good idea to take the time to calculate what a few of your intended trades would cost according to the structure of the platform concerned. This can come in three forms, a fixed spread, a variable spread, or a commission based on the percentage of the spread. Therefore, it is important that you understand the costs displayed by forex brokers. However, this isn’t always the case, as forex brokers will often make up this charge in other areas. Many forex brokers will attempt to entice traders to their platform by offering what can appear to be competitive pricing structures. I would always recommend that you take the time to use the demo account, should there be one on offer, in order to fully familiarise yourself with the app. Opening an account takes minutes, although you should ensure you have your national insurance number to hand. In general, the apps I have listed above are all easy-to-use options that are suitable for beginners, but with enough tools to enhance your trading. ![]() This can vary from app to app depending on their usability, design and navigation as well as the number of tools and features available. How easy is it to use a best forex trading app? There is usually a cost associated with the use of these platforms however, this can vary significantly. Most forex brokers are regulated and offer high levels of security for the protection of traders. Many online forex apps offer a free demo account, which can be used by potential traders to practice their trades and learn to navigate the mobile trading platform without any risk to personal funds. Each forex app will provide a range of tools and forex trading services to enhance trading including but not limited to: ![]()
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