Today it is not necessary for you to use the web client of your trading platform. It is because almost every trading platform comes with a Forex trading Canada app. Thus, you can stay online anytime, anywhere from your smartphone using that app. However, the experience with every application is not the same, so it is necessary to carefully select your trading application.
Here is everything you need to know about selecting the best Forex trading Canada app and our top picks.
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In This Guide
There are several applications available in the market that provide Forex trading options. However, all of those applications are not good. So, here are the top 4 things to consider when selecting your Forex trading application for the best experience.
The first quality to check in your Forex trading platform and its application is the regulation with your local regulatory authorities. You will need IIROC regulation in Canada for the most reliable and safest experience.
After you get a Forex trading platform that IIROC regulates, you will need to check all the features and functionalities it provides. Make sure to select the platform that provides all of your required features.
Next up on the list are the trading options and instruments. More is better, but if you want a specific trading experience, you only need to look for those options.
The last thing that matters here is the experience you get. It includes the user experience of the application as well as the customer service experience.
These things ensure that you get the best Forex trading application.
All of the top Forex trading platforms provide their trading application. Here we have shortlisted the top 6 Forex trading Canada app choices for you. Now you can easily check which of these brings the best experience for you according to your requirements. See which of these Forex brokers will work for you in USA here.
AvaTradeGo is the mobile application provided by AvaTrade. It has been providing its services since 2006 and is a leading trading platform in Canada. There are no reliability issues here because the broker only is regulated by IIROC. It also comes with many other regulations.
Here you get over 250 trading tools from one application. Thus, this one application helps you trade in crypto, securities, indices, and stocks.
Interactive Brokers was set up in 1977, and its app IBKR Mobile is among the top trading apps in Canada for Forex trading. While the trading experience here is great, it is known for low trading fees. There are a few things that you can set up to display according to your custom requirements.
The best part is its streaming function which provides a desktop-like experience. The charting interface is good, which makes all the trading stats clear while you get over 80 indicators here.
IG Markets is the best-known platform in the world of CFD trading, and its application IG Trading is your best choice for Forex trading in Canada. IG Trading app is safe to use and feature-rich. It brings features and a user-friendly interface that is good to start for beginners and useful enough for the experts and experienced brokers out there.
The application has 20 drawing tools with 30 TA indicators to help you through trading. There is a lot of other useful feature out of which biometric security is the one that enhances security for you.
If you want the best analytical experience from your mobile trading app, go with Oanda fx Trade. Oanda has one of the best applications for both iOS and Android users out there. It brings a safe and reliable experience, but the main highlight is the list of educational and research features it brings.
This way, the Oanda fx Trade application enhances your experience with better analytical tools. The best part about it is that 30 technical indicators and a charting tab can be customized according to your needs.
FXCM is also safe and reliable for traders in Canada, and it brings good value for traders as well. First of all, withdrawals and deposits are made user-friendly. The user interface of this application is feature-rich yet easy to navigate through.
Different drawing tools have magnifier features to get the most accurate trendlines. Thus, the overall experience of the FXCM Trading Station mobile app is simple, easy, and good, with almost 60 indicators.
CMC Markets is an online broker and reliable brokers. It is not only regulated by IIROC but by 7 others as well. The CMC Markets Invest mobile trading application brings a simple design for a good experience. There is a lot of educational content here.
Along with that, you get a powerful interface for charting. The CMC Markets Invest mobile app also has good market research tools and 29 indicators. The best part is that if you have been using its web client, you can easily sync your old indicators with the mobile app.
Below are all the basic qualities you need to check in your Forex trading application before opening your account there.
|App||IIROC Regulation||Minimum Deposit||CAD Account||Max Leverage|
|Oanda fx Trade||Yes||$1||No||1:200|
|FXCM Trading Station||Yes||$50||No||1:30|
|CMC Markets Invest||Yes||$0||No||1:500|
A CAD account is beneficial if you are looking to start Forex trading in Canada because you can do all the calculations according to your base currency. However, only a few platforms provide this feature. With the help of this comparison table above, you can easily check which of these applications brings the best functionality for you.
Selecting the right Forex trading Canada app is your first step toward a good trading journey. So, be careful when selecting your Forex trading platform and application. However, selecting the right app does not mean everything will be right. Once you select your trading app, you must start working on your trading strategy and other things to ensure the best-earning chances.