Best Forex App iPhone & Android 2023 *For Beginners & Advanced*

Before you go asking yourself, “what is the best Forex app”, you’ll need to understand Forex. The facts of Forex trading would amaze you. Forex, or foreign exchange, is the trading of one currency for that of another such as trading US Dollar (USD) for British Pound Sterling (GBP). Forex is traded in a global marketplace with currencies being traded in pairs – i.e. GBP/USD. There are several different Forex markets such as spot markets and derivative markets. The Forex markets are open 24 hours a day, 5 days a week – the market closes on weekends.

CAPEX CFD trading

Most individuals experience Forex when purchasing goods from a foreign nation, such as holidaying in Italy and trading USD for EUR. The Forex market is unique in that there is no central marketplace – instead currency is traded via an electronic method known as over-the-counter.

Using the CAPEX Forex App Android and Forex App iPhone, you can trade Forex in the form of Contract for Differences (CFD). CFDs are a way to trade Forex currency pairs, GBP/USD or USD/JPY, without actually owning the underlying asset. Trading CFDs at CAPEX allows traders to speculate on the future price of more than 55 different currency pairs – meaning they can even speculate and profit on a currency price going down.

Using the CAPEX best Forex trading app is so simple. It’s highly intuitive and designed for simplicity and reactive trading. Transactions can be placed in a single click and you’ll never be struggling to find any of the CAPEX app features. Above all else, there is a search function built into the CAPEX app – if you need anything or wish to snap straight to a particular asset, then the search function will be your best friend.

Tabs for different features of the app are easily accessed via the sliding menu at the top of the CAPEX app. You can access the most popular tradable instruments of the day from the featured tab, whilst the watchlist tab lets you store your favourite instruments, such as AUD/GBP, in a single location for easy access and visibility. Trending now reveals the hottest trades on CAPEX and simply pressing an asset will bring you to the New Order window.

Placing an order

Placing an order in the CAPEX Forex app for iPhone and Android is a cinch – just input an amount, add any order features – such as a stop-loss – and then hit place order. Your account balance is always visible and you can access your orders and positions instantly via the top menu. Select alerts to set-up mobile notifications relating to your positions or an asset on your watchlist.

Trading with CAPEX.com

The great thing about CFD trading online is that you can do it anywhere there is a secure internet connection. Inevitably, this means that mobile trading has proven particularly popular as traders can conveniently open and close positions from their mobile or tablet as and when it suits them.

Discover the functionality to ...

Trade more than 2,100 CFDs

Manage your investment horizon

Set take-profit or stop-loss limits

Open short and long positions

No fees for opening and closing positions

Trade with and without leverage (StoX)

Start Trading Now

We at CAPEX don’t like to see beginner traders go in blind. We want to be the best online broker for beginners. It’s much easier to start trading when you have a little help. We provide users with in-depth and plentiful educational resources provided by our experts, such as our featured articles. Here are just some of the tips our experts have for beginner Forex traders.

Use limits

The ability to apply advantageous limitations on their trades that can protect them from major losses or time their exits to perfection. Stop-loss orders at CAPEX will let you set up an acceptable level of loss on a position, so you can exit before you lose too much. Some strategies benefit from exiting a trade at a certain time and we at CAPEX let you set limits for wins too through take-profit orders.

Use charts & indicators

Comprehensive educational resources that teach Forex strategy are valuable for beginners. Using the CAPEX Forex app, beginners will be able to access every charting and analytical tool they’ll ever need. Charts and indicators are vital to successful Forex trading strategies and should be researched by all traders at CAPEX.

Trade wisely

Beginners need to remember that investing in financial instruments carries a certain amount of risk and traders need to make sure they take trading seriously. Never invest more than you are actually willing to lose and remember that trading with leverage at CAPEX amplifies both wins and losses.

Use the demo account

Unlike other mobile trading apps, we at CAPEX offer a free demo account on the Forex app for iPhone and Android. You’ll make a lot less rookie mistakes that’ll cost you money if you learn and practice in the best Forex app demo account first.

Mobile trading is perfect for every kind of investor. Trading using the portable CAPEX platform provides traders with unique benefits. To get you inspired to sign up and start trading at CAPEX, here are some of the best benefits of using the mobile trading app for traders.

Ease of use

The CAPEX mobile trading app is so easy to use. With one-click trading, beginner investors can open and close trades at a click of a finger. Real-time charts look stunningly detailed on a smartphone screen and the interface is wonderfully responsive.

Demo account

Practice wherever and whenever you please. That means you can learn to trade from the comfort of your bed or while waiting for a bus. The CAPEX trading app lets you switch to the demo account from the live account in an instant too! Absolutely perfect for traders to test new Forex trading strategies.

Risk-management features

Pending, take-profit, and stop-loss orders are all available on the CAPEX mobile trading app and benefit beginner traders by providing a means to reduce risk and control trades.

Factors influencing Forex Trading

Important political developments

Tax changes

Consumer & producer preferences – CPI or PPI reports

Interest Rate Decisions - Bank of England MPC Announcements, Fed Interest rate Decisions, etc.

Other market-related FX news

Visit our Special Articles page for the latest market news on cryptos, stocks, indices, and more!

Opening a Forex app account at CAPEX is the easiest thing in the world. Best of all, you can open your CAPEX account from within the Forex mobile app! It only takes a few minutes and you’ll be able to access the CAPEX trading platform instantly. It’s always best to be prepared, so we at CAPEX have provided a simple guide to opening a mobile Forex app account with us.

Open an account in three steps

1. To begin, simply press register. It’s so easy to operate on your iPhone or Android device. Instantly, you’ll be faced with the simple registration screen.
2. Enter your email, phone number, and a promotional code if you have one. Create a password, choose your base currency from the more than 10 available and then confirm that you are over 18. Hit Create Account to complete the simple CAPEX registration.
3. When you log in for the very first time, you will be offered the opportunity to use the CAPEX demo account instantly. If you choose to make the switch, you will enter the CAPEX demo platform. You now have access to the feature-packed CAPEX Demo account that is ideal for beginner traders.

How to verify your account

However, you will need to verify your identity to fully open a complete account at CAPEX. Don’t worry, it’s totally easy and again, only takes a few minutes of your time. First of all, very quickly, you’ll need to verify your email address is correct. This is completed by using the link provided in an email you will receive upon initially creating your CAPEX account. Once your email is verified, it’s time to verify your identity.

1. Either by responding to a CAPEX email requesting verification or simply by opening the CAPEX trading app, select proceed.
2. You’ll begin by providing some of your basic personal information such as name, address, citizenship, date of birth, and country of residence. Easy stuff!
3. You will need to answer some questions relating to tax in the United States in order for the business to comply with US legislation. If you are not a U.S citizen or resident, you’ll just be responding with no for all questions.
4. You will then be asked about your employment status and source of income. This is common practice for all Know Your Customer (KYC) policies and it cannot be avoided. Don’t fret though – CAPEX simply use this information to prevent money laundering, terrorism financing, and protect investors from trading beyond their capabilities.
5. The CAPEX app is perfect for the final step – You must upload copies of an ID and proof of address. Most people use a passport and bank statement but you’ll have several options available to you.

That’s all folks! You’re done and free to use the CAPEX Forex app on iPhone and Android devices.

Register

Register an account on CAPEX.com and start trading.

Verify

Send over your documents and verify your account.

Deposit

Login into your CAPEX.com account and deposit money.

Trade

Start trading with CFD’s and over 2100 other instruments.

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