Best Forex Trading Apps in New Zealand

It can be very difficult to select the with Forex broker in South Africa, many traders do not find it easy in finding the best  Forex trading apps and the search for a broker that offers reliable trading experience, one other challenge has to do with the finding brokers that charge reasonable fees in terms of commissions or pip spreads. In this review, you will get adequate assistance on how to make the right choice among the various Forex brokers for South African traders. We are going to access their features and key services here to help you make the right choice.

An experienced forex trader, you need a forex app that is fast, reliable and easy to use. If you are a new trader, you need a forex trading app that is accessible, simplistic and provides you with hints and tips to make your trading journey successful and profitable. There are so many options out there that it is sometimes very difficult to decide which one will best suit your needs.

The Best Forex trading apps in NZ

vintage fx
Min.Deposit
$200

Regulated.
In NZ
Open Account

Markets trading
Min.Deposit
$100
Regulated.
In NZ
Open Account

hycm markets
Min.Deposit
$100
Regulated.
In NZ
Get Bonus

Every trader is different, as is every app, so what you choose all comes down to personal preference. Here are some of the most popular forex trading apps to help you make your mind up:

CMC’s forex trading app is an award-winning app and offers you the opportunity to trade wherever is convenient for you. Their app offers you the most when it comes to personalisation. Each trading tool, news link and different market information is available in a tile format- meaning that you can select, move and change tiles to suit your personal preference. Furthermore, you are able to send and receive emails through the app and there is SMS support available- which is very helpful if you ever find yourself in a spot of trading bother or have any questions. You are able to open a demo account where you can practice trading without the risk, or a live account. This app offers some great features whether you’re an experienced trader or just starting out. For more information and to download the app, click here.

FXTM Trader

FXTM Trader App

 

The new trading app from FXTM has been created and adapted to meet the needs of every forex trader. You are able to access the forex trading market at home or on the go, 24 hours a day, 5 days a week. They offer the option of a demo account or a live account and their trading dashboard gives to access to trading tools, any open positions and any profit that you have made. With over 250 tools available, you’ll be spoilt for choice.

TD Ameritrade

TD Ameritrade app

 

 

With support available from real traders, TD Ameritrade forex trading app is definitely a strong contender in the forex trading world. You are able to access the app through your phone, tablet and even your Apple watch. Their app won the #1 trading app award from Barron’s. They use a trading platform which is called thinkorswim, which they claim is extremely powerful. You are also able to access this on your desktop computer. Ameritrade claim that they make trading ‘personalised, convenient and intuitive’, so check them out! To find out more.

One thing’s for sure, whatever forex trading app you choose to download will make your forex trading experience easier, more enjoyable and maximise your profits. Forex trading on the go- what more could you ask for?

Some of the brokers under review are:

  • Just Forex: It offers 100% sign up bonus
  • FBS: It offers $100 bonus
  • RobotForex: It offers $30 bonus
  • XM: It offers $30
  • com: It offers 10% bonus deposit
  • ForexTime: It offers $10 bonus

FXTM

This is one of the best among forex trading apps. You can access the Forex broker from over 150 countries across the globe. It has automated trading features so that the system can trade on behalf of the trader. Those who cannot monitor the Forex trading market 24/7 will find this feature helpful. The trader can equally access great educational resources for both professional traders and beginners. You can use the mobile app both on iOS and Android devices. The broker provides more than 250 trading instruments also, which are accessible on tablets and mobile devices. The mobile app is available for free, but the trader will be charged commissions on trades.

The trader can equally access both MT4 and MT5. The mobile app has good reviews from customers.

Features:

  • Access to over 250 financial instruments, some of which are major, minor and exotic currency pairs, as well as, CFDs, commodities, indices, gold and silver.
  • The app permits cross-device trading, which makes it one of the best Forex trading apps around. As a result of this, the trader can open a trading position on the mobile app and close it on the desktop computer and vice versa.
  • Traders can enjoy the various features of MyFXTM that make it easy to open a new account, get an account overview, withdrawal, deposit and transfer funds very easily.
  • The demo account is very easy to use on the app.
  • The trading dashboard is also easy to read and contains details about profit, margin, balance and soon.
  • You can also easily open, close or modify position when you need to do that.

Pros:

  • It is easy to use
  • It is an all-in-one mobile platform
  • Trade execution is very fast
  • Forex fee is also very low
  • You can gain access to your platform by fingerprint

Cons:

  • Withdrawal fees and inactivity fees
  • The CFD fees are high
  • US residents cannot use it

AvaTradeGo App

Features:

  • Real-time market quotes and price alerts
  • Ability to monitor special trends
  • Register an account and also deposit directly from the app

Pros:

  • Quick and easy set up
  • Free withdrawal and deposit
  • Competitive Forex fees

Cons:

  • Offers only Crypto, Forex and CFDs
  • Difficult technical analysis

XM

Features:

  • It offers both MT4 and MT5 platforms
  • Both platforms offer advanced trading features
  • They also come with technical analysis tools.

Pros:

  • Access to various financial instruments
  • You can choose between MT4 and MT5 platforms
  • Access to many research tools and news

Cons:

  • No hedging
  • Not the best for a beginner
  • You will need to pay before you can access all features

Alpari Mobile

Features:

  • It can be used by both beginners are professional traders
  • It offers free demo account, and micro account
  • It supports social trading

Pros:

  • The minimum deposit required is low
  • Account opening process is easy and quick
  • Access to a demo account

Cons:

  • Lack of resource tools
  • Bugs in MT4
  • Limited educational resources

FP Markets: Iress Mobile

Features:

  • Filter orders by status and date
  • A simple touch of the button to filter orders
  • Access to news and company reports

Pros:

  • Great educational tools
  • Low Forex fees
  • Great customer service

Cons:

  • The performance with CFD trading is poor
  • Updated versions have issues

GO Markets

Features:

  • Accessible on both iPhone and android
  • Place buy and sell orders
  • Trade binary options 24/5

Pros:

  • Minimum deposit is low
  • commission is low
  • trade execution is fast

Cons:

  • binary options can be traded only on a mobile device
  • It looks buggy at times.

IG Trading App

Features:

  • Easy access to interactive charts
  • Keep track of opened positions easily
  • Trade CFDs with aces to direct market

Pros:

  • Highly helpful team
  • Great options for deposit and withdrawal
  • Secure 256-bit SSL

Cons:

  • Slow account verification process
  • Phone support needs improvement
  • Stock CFD fees are high

Plus500

Features:

  • Access to high leverage
  • Demo account is free and unlimited
  • You can easily monitor your margin, equity and balance always

Pros:

  • Hugli responsive customer support
  • Low trading fees
  • Listed on the London Stock Exchange

Cons:

  • Products range is limited
  • Not suitable for begins
  • Execution of trade is slow sometimes

ThinkTrader

Features:

  • It offers 100 popular technical indicators
  • You can aces up to 12 timeframes
  • You will also have the ability to set price alerts

Pros:

  • The app is straightforward, fast and easy
  • It is accessible on both Android and iOS
  • The tools are advanced

Cons:

  • There is no bonus offer
  • It features time wheel that tends to be irritating
  • Some charts also lag

Thinkorswim Mobile

Features:

  • Access to live stream programming from TD Ameritrade Network for key insights
  • You can trade stocks, Forex, futures and complex options
  • You can practice your trading strategies using real market data

Pros:

  • Stock option is commission-free
  • Best live pricing app
  • It is built by professional traders for traders

Cons:

  • It looks somewhat intimidating
  • It can be an overwhelming platform for Forex trading

TradeStation

Features:

  • You can analyze your charts using indicators anywhere and anytime.
  • You can also trade  futures, options and stocks
  • You can equally select various strategies

Pros:

  • Customer support can be personalized
  • The app is also very easy to use
  • Educational tools are many

Cons:

  • It is great for beginners
  • It is also not user-friendly

OctaFX Trading App

Features:

  • It can help you to manage your trading accounts
  • Access to various payment option for deposit and withdrawals
  • You can easily request for more fund to your demo account

Pros:

  • Accounts are commission-free
  • Pip spread is fixed
  • The interface is great and easy to use

Cons:

  • It does not support US traders
  • The contests are excellent
  • The price indicator is somewhat slow

XTrend App

Feature

  • The minimum deposit is also low as $10
  • You will not need to pay any deposit fee
  • The pip spread is also very tight; it can be lower than 1 pip

Pros:

  • Transactions are 100% secure
  • Traders can be awarded with Loyalty points
  • Pip spread can be lower than 1 pip

Cons:

  • The customer service tends to be low
  • Withdrawal comes with problems

XTB xStation Mobile

Features:

  • You can access trader’s calculator including
  • Access to economic calendar for information about macroeconomic events
  • Access to different charts and more than 10 indicators, drawing tools and technical analysis tools.

Pros:

  • Very easy to use
  • Pip spread is low
  • You can also open an account via the app

Cons:

  • The email support is very slow
  • The indicators are few

NetDania Stock & Forex Trader

Features:

  • Access to over 2,200 currency pairs
  • Access to fast global overview
  • Access to real-time stock indices

Pros:

  • The app responds very fast
  • No need for programming skills
  • Technical analysis is excellent

Cons:

  • It has annoying ads
  • It is not easy to use for beginners