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Best Forex App for Penny Stock 2025

Updated: February 19, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Go to broker

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Go to broker

Your capital is at risk.

Go to broker

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1
Best Forex App for Penny Stock 2025 - XM Group

XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 15 million traders. In 2025, the company is celebrating its 15th anniversary. The broker offers over 1,400 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like FSC and CySEC, XM ensures a secure trading environment.
The company is committed to high-speed order execution without requotes, ensuring 99.35% of trades are completed nearly instantly. The broker's leverage varies by region, offering up to 1:1000 for some non-EU countries while maintaining strict compliance with European standards for others. The spreads start from 0.6 pips.
XM doesn't offer passive investment options like PAMM accounts but provides access to MQL5 copy trading and a VPS for algorithmic trading.

👍 Advantages of trading with XM Group for traders:

•XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;

•No “markup” on narrow market spreads (broker's margins over the spread);

•Over 1,000 trading instruments. Available for trading are: 57 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;

•No commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;

•Around the clock support for 5 days a week in more than 30 languages.

👎 Disadvantages of XM Group for traders:

•Expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.

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2
Best Forex App for Penny Stock 2025 - 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 - 28, for accounts: Pro, Pro-Cent, ECN

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3
Best Forex App for Penny Stock 2025 - TeleTrade

TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:1000) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.

👍 Advantages of trading with TeleTrade for traders:

•detailed analytical section;

•informative training section;

•Invest Start risk-free investment service;

•interest accrual on deposit;

•copytrading service;

•several affiliate programs with high payouts.

👎 Disadvantages of TeleTrade for traders:

•no PAMM accounts or other money management options;

•few withdrawal options;

•support is available 24/5;

•withdrawals delayed;

•technical support responds slowly;

•sometimes it takes a long time to verify data.

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4
Best Forex App for Penny Stock 2025 - NPBFX

NPBFX is a long-standing broker offering competitive spreads starting from 0.4 pips and leverage up to 1:1000. Traders can access a variety of markets including Forex, oil, stocks, and indices. Account types range from beginner-friendly Master account to more advanced options like Expert and VIP accounts.
NPBFX has fast order execution speeds (50-70 ms), making it suitable for scalping and high-frequency trading. Moreover, the broker explicitly indicates that these approaches are welcomed. However, clients should note that the only available trading platform is MetaTrader 4.
NPBFX doesn't hold licenses from major regulators, but the broker is a member of the Financial Commission, offering some level of deposit insurance and dispute resolution.

👍 Advantages of trading with NPBFX for traders:

•The broker provides traders with best market prices supported by liquidity from Tier 1 banks and ECN systems, such as Integral, Currenex, and Hotspot;

•Membership in the Financial Commission provides up to EUR 20,000 insurance coverage on deposits of traders;

•social trading with access to the independent ZuluTrade platform;

•Loyal trading conditions. Minimum deposit is $10 with leverage up to 1:1000;

•all strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all types of accounts.

👎 Disadvantages of NPBFX for traders:

•compared to other brokers, the speed of copying trades on ZuluTrade is not the fastest;

•no MT5 trading platform, which has unique advantages over MT4;

•There are no licenses from regulators. The broker is a member of the Financial Commission, which does not always support traders and is not authorized to recover fines imposed on brokers;

•no cent accounts.

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5
Best Forex App for Penny Stock 2025 - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders:

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

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Best Forex App for Penny Stock 2025 – 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.

XM Group - Security for Traders

Security (Protection for Investors)

Information

XM Broker is licensed by four leading global regulators: FSC (Mauritius), FSC (Belize), CySEC (Cyprus), FSA (Seychelles). The CySEC license means that the broker operates in the European legal field regulated by the MiFID directive I and II. All customer accounts are separated from brokerage accounts for operating activities and are in the European banks.

👍 Advantages

There are segregated accounts
Protection from negative balance is provided
There is a technology of Personal accounts and account protection from unauthorized access

👎 Disadvantages

Submission of claims to the regulator for small amounts does not make sense due to subsequent financial and time costs

RoboForex - Security for Traders

Security (Protection for Investors)

Information

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

TeleTrade - Security for Traders

Security (Protection for Investors)

Information

TeleTrade is regulated by the Cyprus Securities and Exchange Commission (CySEC). Also, the broker is a member of the Association of Forex Dealers, a self-regulatory organization.

Therefore, TeleTrade carries out financial activities in accordance with its own regulations and in compliance with the requirements of the regulator.

👍 Advantages

The broker cannot use the funds of hte clients - they are held separately
An independent person is involved in resolving disputes
Rights and obligations are clearly defined in the agreement

👎 Disadvantages

Claims of private traders who trade in small amounts are not considered

NPBFX - Security for Traders

Security (Protection for Investors)

Information

The broker is a permanent member of the Financial Commission, an independent international organization for the settlement of Forex disputes.

👍 Advantages

Insurance coverage by the Financial Commission is 20,000 euros
Segregated accounts
The broker's reputation is supported by the reputation of the bank

👎 Disadvantages

The Financial Commission does not have tools to recover fines imposed on the broker. Moreover, the Commission does not always decide in favor of traders

eToro - Security for Traders

Security (Protection for Investors)

Information

eToro is a financial holding company, each registered office of which is regulated at the place of location of the headquarters. The European office operates on the license No. 109/10 issued by CySEC, the British office – license No. 583263 issued by FCA, the Australia office — license AFSL No.491139 issued by ASIC. eToro is also supervised by the regulators of Malta and the Seychelles.

Accounts opened on eToro UK Ltd. are subject to the Financial Services Compensation Scheme (FSCS). Under its terms, each customer of the company's UK office can receive up to 85,000 British pounds in compensation in the event of eToro's bankruptcy. The CySEC regulator guarantees investment protection in the amount of up to EUR 20,000 euros to all clients of eToro (Europe) Ltd.

👍 Advantages

The broker operates on the licenses of respected international regulators
Retail traders are provided with negative balance protection
Brokerage services are provided in compliance with the MiFID.

👎 Disadvantages

The compensation schemes apply only to the clients of European and British offices of eToro.
Low leverage in compliance with the regulators’ requirements
Identity and bank account verification is mandatory

Summary

In the process of choosing the Best Forex Trading App for Penny Stock 2025, 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.

	XM Group	RoboForex	TeleTrade	NPBFX	eToro
Overall score	8.53	8.28	6.73	6.82	9.4
Execution of orders	9.35	8.95	3.21	8.55	9.1
Investment instruments	9.2	4.9	4.7	4.7	9.7
Withdrawal speed	7	8	7	3	9.5
Customer Support work	8.7	9.6	8.41	8.97	9.3
Variety of instruments	8.02	9.02	8.75	9.12	9
Trading platform	8.9	9.2	8.29	6.57	9.8
	Study Review	Study Review	Study Review	Study Review	Study Review
	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.	Open an account Your capital is at risk.

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FAQ

If a broker has several platforms, does it mean it offers several apps?

No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).

Do I need to pay for downloading the app?

Brokers do not charge a fee for downloading their mobile app. They are provided for free.

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.