The best Forex trading apps that traders in the UK can use

Modern trading on the stock exchange is difficult to imagine without the use of automated systems. After all, thousands of transactions are concluded every minute on this site. There are quite a few trading apps/platforms available for traders in the Russian Federation. Below you can find the description, advantages and disadvantages of the most popular of them.

Rating of the best applications / platforms for trading in Russia – programs for PC, Android and ios phones

Trading platforms for trading in the Russian Federation differ in functionality and capabilities. Finding the best stock market app for a Russian investor is not an easy process. It is important to take a responsible approach to the process of choosing an automated system, because not only the quality of market analysis, but also the effectiveness of trading will depend on the functionality of the platform. Below is a list of the best stock investment apps that Russian traders can use.

XM

XM Group is an application that is perfect not only for professionals, but also for beginners. Traders can choose the most suitable account type for themselves: Micro, Standard, XM Zero. It is possible to develop an offer with individual conditions that best meet the needs of customers. To withdraw funds from an XM account, a trader must pass identity verification by indicating citizenship/tax residency, as well as adding a screenshot of a passport and a personal photo.

Execution of orders – 100%. There are no requotes, which is a strong point of XM. Other benefits of the app include:

• narrow market spread without markup;
• the possibility of using more than 1000 trading instruments;
• 24/7 support (5 days a week).

Pay attention ! XM Group assumes all the commission costs of payment systems, so traders will not have to pay a commission for depositing / withdrawing money.

At the same time, the XM application also has weaknesses, consisting in the absence of passive investment services and a small selection of trading platforms.

MT5 – program for trading on the derivatives and stock market

MT5 is one of the latest working versions of the MetaTrader platform, which differs from previous versions in multi-market. The developers have added to the functionality the possibility of trading not only on stock markets, but also on futures markets. Traders can participate in futures/securities/options trading. In addition, the program has the ability to:

• simultaneous testing of strategies for several currency pairs;
• additional options for execution of trade orders;
• two additional options for pending applications;
• additional working timeframes;
• overlapping of TA indicators on the chart;
• using the new Depth of Market.

The interface is clear, the functionality is wide, which is an indisputable advantage. However, traders in the course of using MT5 also found disadvantages, namely:

• inability to open an opposite position;
• the inability to view the opening price of each position;
• miscalculation by the generalized value of orders for the same instrument.

In order to use the MT5 platform, a trader will have to pay $2,000 per month. https://youtu.be/HUJtFUckpWQ

hotforex

HotForex is a platform, by installing which traders can use the services of trading on Forex and commodities through CFD. Users get access to unlimited liquidity. Regardless of profile, users have the ability to choose between spreads/liquidity providers. The strategy is also selected individually. The advantages of the HotForex platform include:

• access to trading accounts without commission;
• competitive spreads;
• the ability to use premium MetaTrader instruments and indicators like AutoChartist.

Traders consider the disadvantages of HotForex to be the lack of regulation of Saint Vincent and the Grenadines, access to a small number of shares (56).

Libertex

Libertex is a popular trading platform among Russian traders looking to save on fees. The lack of a spread is definitely captivating. This is not to say that you will not have to pay a commission at all. The developer has set the amount of this payment within 0.1% of each transaction. However, such commissions will certainly not ruin the investor. CFDs are traded on the Forex/Commodities/Shares market. At the same time, each transaction is equipped with a leverage that does not go beyond the limits allowed in the EU. Libertex allows you to earn both on a growing and falling market by entering into transactions on CFDs for sale and purchase. It will take only 3-4 minutes to open an account on the platform. The minimum deposit is $100. To replenish the account, you can use a bank card, transfer or transfer of funds from an electronic wallet.
Traders consider the advantages of Libertex to be:

• a wide range of assets;
• long experience in the market;
• provision of quality educational materials;
• MT4 platform;
• favorable commission.

CFDs with zero spread can also please. However, not every trader is satisfied with trading exclusively through CFDs.

Note! Each subsequent deposit after the first one will have a minimum limit of $10.

FXTM

FXTM is a popular trading app. Using this platform, specialists can trade Forex and CFDs. The company provides its users with a free VPS server. Multilingual user support. Anyone can receive qualified training in the basics of trading. Experts advise novice traders to open a Cent account. It is serviced in cents, which allows beginners to avoid impressive financial losses in case of failure. This type of account allows you to test your own trading strategies.
The advantages of FXTM traders in the financial / stock market include:

• round the clock support;
• optimal connection speed;
• the ability to execute orders with a minimum delay;
• no exposure of the VPS server to unexpected disconnections.

The developers also made sure that in case of data loss, users can quickly restore data. Like any other application, FXTM has its drawbacks:

• operation of an international branch under an offshore license from Mauritius;
• a small number of trading instruments;
• limited training program;
• lack of professional analytical tools;
• the need to pay in case of inactivity.

The minimum deposit is 10 USD. The commission for an inactive account is 5 USD per month. It is paid only after exactly 6 months have passed from the date of the last transaction.

Note! Scalping on ECN accounts is prohibited.

OCTAFX

OCTAFX is a platform that allows traders to comfortably earn money in the financial markets. Users can choose the most suitable type of trading account for themselves. The minimum deposit in the Micro account is $5 (Pro – $500). High leverage, affordable registration, fast verification, loyal commission fee, the ability to choose a suitable trading account, a wide range of instruments can be attributed to the advantages of OCTAFX.
However, according to traders’ reviews, there are also disadvantages that can be expected when using OCTAFX. Most often, users get upset because of:

• high minimum trading volume on Pro accounts with a leverage of 1:200;
• lack of a Russian-language interface (when making requests, you will have to work hard on translating the text into English);
• lack of a license from Russian regulators, which complicates the resolution of contentious issues;
• limited ways to deposit/withdraw funds.

By opening an ECN account, a specialist gets direct access to interbank liquidity using no dealing desk technology. OCTAFX is suitable for both novice users and experienced traders.

Which mobile platforms/applications can be used on Android and iPhone to trade stocks

Most of the applications and platforms for trading in the Russian Federation can be used on Android. These programs include:

• MT5;
• XM;
• hotforex.

Often, traders are interested in whether it is possible to use platforms for trading in the Russian Federation on an iPhone. Today, there are many programs that can be installed on the iPhone. The most reliable of them are:

• Libertex;
• FXTM;
• MT5;
• OCTAFX.

Programs for trading in the stock market for trading from your phone: https://youtu.be/Dt2Uh8An8wU Choosing a platform / application for trading in the Russian Federation is a rather complicated process. It is important to thoroughly check all the information about the broker so as not to fall into the tricks of scammers and not lose the invested funds. After reviewing the description of the best trading programs operating in the Russian Federation, everyone will be able to choose the most suitable option for themselves. The listed platforms, according to traders’ reviews, are the most reliable.