Traders Union Experts Release List of Best Forex Trading Apps for 2022

Based on the results of the analysis, the list of best Forex trading apps for 2022 has been compiled and published on the Traders Union website. Brokers offering the most advantageous conditions and the highest level of customer service are at the top of the ranking.

Best Forex Trading Apps for 2022 by Traders Union Analysts

Traders Union’s team of experts evaluated brokerage firms using a number of criteria covering various aspects of their operation. The following companies are at the top of the ranking of the Best Forex Trading Apps for 2022.

Forex robot is an international broker licensed by CySEC. More than 3.5 million merchants from 169 countries use the platform’s services. The broker offers a full range of services for beginners and professional traders. The minimum deposit is $10. The broker offers leverage up to 1:2000 and narrow spreads from 0 pips. Upon registration, clients can choose one of 5 types of trading accounts, including the cent account. The broker opens wide opportunities for passive investors on the CopyFx copy trading platform.

EXCESS is a popular brokerage firm with extensive experience. The operation of the broker is regulated by CySEC, FCA and FSA. Clients have access to a wide list of investment assets and different types of trading accounts. The broker offers favorable trading conditions: minimum deposit of $1, leverage up to 1:2000, instant order execution and quick withdrawal to a card. Exness brokerage firm is an attractive option for traders with deposits below $1000.

Forex4you is a great broker with 15 years of experience. The company is BVI FSC accredited. There are several types of trading accounts, including penny accounts, on the Forex4you platform. Clients can trade different instruments from the Forex, Stock and Commodity markets. Cryptocurrency transactions are also available. Minimum deposit is $1, leverage is up to 1:1000, and spreads float from 0.1 to 2 pips. There is the Share4you copy trading service for passive investors.

Markets is an international ECN broker. The company is popular among traders from Europe and the CIS. The broker provides access to trading dozens of currency pairs, cryptocurrencies, stock assets and commodities. Minimum deposit is $100, leverage is up to 1:3000 and spread is 0.1 pips. The AMarkets broker develops algorithmic trading. The platform offers a service for creating and testing expert advisors. In order to earn passive income, investors can log into the copy trading service.

Admiral Markets is an international Forex broker with a high level of service and attractive trading conditions. The operation of the broker is regulated by CySEC, FCA and ASIC. The minimum deposit is $1, the leverage is up to 1:500 and the spread varies between 0 and 0.5 pips. The broker’s clients can take a free trading education course. In addition, quality analytical materials are available.

How do Traders Union experts rate Forex trading apps?

The TU Methodology, an official document compiled in accordance with international auditing standards, serves as the basis for expert assessments by TU.

Groups of criteria in the TU methodology:

• The client group assesses all aspects of brokerage firms’ customer service.
• The service group determines the level of competitiveness of a brokerage organization, taking into account the influence of the company on other market players.
• The reputation group monitors the level of transparency of a broker’s operations, the quality of reviews, and the level of customer satisfaction with the quality of services provided.
• The financial and economic groups are the grassroots groups; they monitor financial indicators and economic aspects of the operation of brokerage firms, and also follow the dynamics of their development.

A comprehensive approach to analysis provides a high level of objectivity and reliability of the results of the analysis performed by Traders Union experts.

What is forex ?

What is forex? Virtually all newbie traders ask this question. The international Forex market is a huge platform, where all currencies in the world are traded online; every minute, hundreds of financial transactions are executed on this market and the daily trading volume reaches billions of US dollars. Currency prices change all the time and Forex market participants earn on the difference in quotes, by buying and selling lots of currencies.

Banks, investment companies and brokers provide access to Forex to traders acting as intermediaries. Brokerage firms offer their clients a full suite of Forex market trading tools. When registering an account, traders download trading software and install a trading platform, receiving access to real-time quotes, technical analysis instruments and the ability to make buy trades /sale of the chosen amount of a currency. Clients of brokers can also use the services of customer support operators and have access to additional services, such as an economic calendar, financial calculators, VPS services, etc.

In order to trade successfully in the long term, it is important to choose a reliable brokerage firm with a good reputation and excellent customer service. To save you time and money comparing and choosing a broker, Trades union analyzes the functioning of brokers and publishes the latest rating of the best Forex trading applications for 2022 on the official website of the Union.

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