Mobile apps are a modern solution for trading in financial markets. They can be used to work at any place and any device: a smartphone, tablet, etc. However, it is important to choose the best app in order to ensure that your trading successful. Analysts at the Traders Union prepared an article telling readers about the Best Forex App For Short Selling 2024. We compared the apps and gave them our scores.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Forex4you (Markets4you) is an all-in-one broker for active and passive trading, rates well for both novice traders and professional level traders.
Forex4you has been rebranded to Markets4you!
The broker is suitable for traders with a basic trading experience, who are prepared to start trading on a real account right away.
Best Forex App For Short Selling 2024
| RoboForex | Exness | Pocket Option | Markets4you | 4XC | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
Pocket Option, MT5, MT4 |
MT4, Mobile Trading, MT5 |
MT5, MT4, WebTrader |
|
Min deposit |
$10 |
$10 |
$5 |
No |
$50 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:10 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 1 point |
From 1.2 point |
From 0.1 points |
From 0 points |
|
Level of margin call / stop out |
60% / 40% |
No |
30% / 50% |
100% / 20% |
100% / 50% |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
$50 |
|
Cent accounts |
Yes |
No |
No |
Yes |
No |
1
Best Forex App For Short Selling 2024 - RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
👍 Advantages of trading with RoboForex for traders:
•Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
•Highest affiliate payments: up to 84% of the fee paid by the referral
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 Disadvantages of RoboForex for traders:
•A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
•Lack of tools when trading on the R StocksTrader platform
2
Best Forex App For Short Selling 2024 - Exness
Exness is one of the world’s largest brokers, known for its competitive trading conditions, high security, and wide selection of assets. The company serves over 700,000 active clients and processes a monthly volume exceeding $4 trillion.
While specializing in currency pairs, Exness also offers CFDs on stocks, commodities, indices, and cryptocurrencies. The broker caters to all experience levels with various account types – from cent accounts and social trading for beginners to high leverage and Expert Advisor support for seasoned professionals.
Exness holds multiple international licenses, including the stringent FCA and CySEC, ensuring trader funds are protected.
With features like 24/7 support, fast withdrawals, and analytics tools, Exness strives to provide an optimal trading experience.
👍 Advantages of trading with Exness for traders:
•Availability of 8 licenses and a membership in the Financial Commission with its own compensation fund to insure traders against losses;
•Wide choice of account types — Standard, Pro, Cent, Swap Free, and Demo;
•Wide range of CFDs, including over 100 currency pairs;
•Zero deposit and withdrawal fees;
•Proprietary platforms for active and social trading, as well as all versions of classic MT4 and MT5.
👎 Disadvantages of Exness for traders:
•The broker’s website offers almost no educational materials;
•24/7 support isn’t available in all languages.
3
Best Forex App For Short Selling 2024 - Pocket Option
Pocket Option caters to both Forex and binary options traders, offering a wide range of trading instruments, a copy trading service, and passive income opportunities.
Clients can trade CFDs on currencies, cryptocurrencies, stocks, indices, and commodities with spreads starting from 1.2 pips and no additional commissions per lot. Pocket Option's unique "My Safe" service offers up to 10% annual interest on unused account balances.
While the platform excels in serving active traders, its demo accounts and referral program also offer value to beginners. However, the lack of cent accounts and ECN options could be a drawback for certain professional traders.
👍 Advantages of trading with Pocket Option for traders:
•MetaTrader provides for trading binary options and CFDs;
•A demo mode is available for all account types;
•To register, you may use your Google email or Facebook/Google account;
•Active, social, and algorithmic trading is available on MT4 and MT5 accounts;
•Spreads are from 1.2 pips for Forex and no fees per lot;
•Referral program for retail clients with rewards of up to 50%-80% of the referee’s income;
•“My Safe” service that provides for crediting 10% per annum on the account balance not involved in trading;
•Cash back and promo codes for binary option traders;
•50% deposit bonus.
👎 Disadvantages of Pocket Option for traders:
•The broker offers neither cent accounts for novice traders to test strategies and advisors, nor ECN accounts with near zero spreads for professional traders;
•Real-time communication with operators is available upon funding the account.
4
Best Forex App For Short Selling 2024 - Markets4you
Forex4you (Markets4you) caters to a wide range of traders, offering different account types, including cent accounts and ECN accounts with tight spreads from 0.1 pips. The broker provides leverage of up to 1:1000, order execution speed from 0.1 sec, and access to over 150 trading instruments, including Forex pairs, indices, commodities, and stocks. Its proprietary copy trading platform, Share4you, allows traders to earn additional income by sharing their strategies or copying successful traders. Additional features like cashback, bonuses, and partnership programs further enhance the trading experience.
Markets4you doesn't accept clients from the U.S., Canada, Japan, and EU countries, but it presents a compelling option for eligible traders seeking a well-rounded trading experience.
👍 Advantages of trading with Markets4you for traders:
•best trading conditions for novice traders;
•no trading restrictions on scalping and algorithmic trading;
•the possibility of passive income - social trading platform Share4you;
•the broker has an insurance for $10 million on a contingency basis;
•there are cent accounts with a minimum transaction amount of 2 cents.
•customer support responds to customer inquiries within 8 hours, even on weekends.
👎 Disadvantages of Markets4you for traders:
•Relatively high fixed fees on Pro accounts.
•Traders from the U.S, Canada, Japan, and EU countries cannot use services of the broker.
5
Best Forex App For Short Selling 2024 - 4XC
4XC offers access to trading Forex, metals, indices, oil, forward contracts, and cryptocurrencies, over 80 trading instruments in total.
4XC provides competitive conditions such as leverage up to 1:500 and spreads starting from 0.0 pips. The broker supports multiple account types including Standard, Pro, and VIP, each tailored to meet different trading needs and strategies.
For passive investing, the broker provides PAMM accounts and social trading service. The Signal Centre at 4XC enhances trading with premium AI signals integrated via the easy-to-use Acuity Trading Tool plugin, which seamlessly integrates into MetaTrader 4/5 platforms. Also, the broker provides additional free trading signals on its website.
👍 Advantages of trading with 4XC for traders:
•Attractive trading conditions for beginners. Minimum deposit is USD 50 with leverage up to 1:500. This amount is enough to open a position on some assets within the rules of risk management;
•Relatively narrow spread: from 1 pips on the Standard ECN account;
•Good educational opportunities: structured courses for beginners, advanced traders and experts.
👎 Disadvantages of 4XC for traders:
•Withdrawal fee (except for the VIP account). Withdrawals are limited to one transaction per day;
•The FAQ section does not fully answer the questions of a potential trader.
Best Forex App For Short Selling 2024 – Security for Traders
Broker’s security and reliability are a priority factor for choosing a mobile app to trade in financial markets. TU analysts performed an analysis of the Top 5 brokers and published the results of their research below.
RoboForex - Security for Traders
Security (Protection for Investors)
RoboForex is regulated by the International Financial Services Commission - FSC Belize (license 000138/7).
FSC Belize is an international financial regulator. The commission sets strict requirements for all its members, and only those companies that meet the regulator's standards and comply with all its requirements are licensed by the organization.
Thus, RoboForex carries out financial activities under its regulations and their requirements, which provide traders with clearly defined rights and obligations and thereby safely secure their monetary assets.
👍 Advantages
-
Clear regulations for trading operations
-
Governs the relationship between a broker and a trader
-
Ability to file claims in the case of a dispute
-
Governs trading NASDAQ and NYSE stocks
👎 Disadvantages
-
A large number of regulatory documents, which must be studied before starting cooperation with RoboForex
Exness - Security for Traders
Security (Protection for Investors)
The Exness Group includes 8 companies that are licensed in their respective countries of registration. The most reputable regulators of the broker are FCA and CySEC. However, subdivisions licensed by these regulators don’t provide their services to retail traders and private investors. Also, Exness is regulated by BVI FSC, FSCA, FSA (Seychelles), and FSC (Mauritius). Also, the broker is licensed by CMA and CBCS.
Since July 2021, Exness has been a member of the Financial Commission that protects traders in case of insolvency of the servicing broker. Therefore, if Exness goes bankrupt, each client can receive compensation of up to €20,000.
👍 Advantages
- Client deposits are segregated from the company’s capital
- Multi-regulation allows the broker to work with traders from different regions
- All regulatory licenses are valid, which means that regulators are satisfied with the broker’s activities
👎 Disadvantages
- FCA and CySEC licensed offices provide their services only to institutional B2B clients
Pocket Option - Security for Traders
Security (Protection for Investors)
Pocket Option is licensed by MISA under number T23322. It ensures that the broker works under international laws and rules of financial markets.
👍 Advantages
- MISA doesn’t set restrictions on leverage that the broker offers to retail clients
👎 Disadvantages
- Pocket Option doesn’t provide its services in the USA, the UK, the European Economic Area, Japan, and several other countries
Markets4you - Security for Traders
Security (Protection for Investors)
Forex4you (Markets4you) activities are regulated by the British Virgin Islands Financial Services Commission BVI FSC (license number SIBA / L / 12/1027).
BVI FSC — international regulator acting within the legal framework of European legislation. Strict control of regulatory requirements to the licensees — the guarantee of broker’s responsible performance and the safety of traders’ money in segregated accounts.
👍 Advantages
- Segregated accounts, in accordance with all requirements of the regulator
- Negative balance protection
- Providing support in controversial matters involving an independent judge
👎 Disadvantages
- The regulator does not consider the claims of private traders with minor amounts
Summary
In the process of choosing the Best Forex Trading App For Short Selling 2024, TU experts analyzed features of 5 different brokers. Now you can learn the final score given by the analysts to brokers. We evaluated all apps based on specified criteria.
| RoboForex | Exness | Pocket Option | Markets4you | 4XC | |
|---|---|---|---|---|---|
|
Overall score |
8.86 |
7.69 |
7.92 |
7.82 |
6.47 |
|
Execution of orders |
8.95 |
9.6 |
8.9 |
8.65 |
4.41 |
|
Investment instruments |
9.73 |
9.43 |
8.71 |
8.35 |
7.87 |
|
Withdrawal speed |
9.71 |
8.79 |
9.29 |
6.4 |
8.47 |
|
Customer Support work |
9.17 |
9.29 |
6.63 |
8.5 |
6.12 |
|
Variety of instruments |
8.75 |
8.02 |
8.02 |
5.77 |
8.02 |
|
Trading platform |
6.86 |
1 |
5.94 |
9.22 |
3.95 |
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.