Many traders in Portugal use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Futures Trading App in Portugal for 2024, based on our assessments.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
The broker is focused on cooperation with active traders, regardless of their trading experience.
Conditions of Trader’s Way are mostly suitable for professional traders and passive investors, who use social trading platforms to earn profits.
Forex Club is a broker providing with the conditions of services both for the novice traders and for the professionals. The company provides services for active and passive trading.
1
Best Futures Apps in Portugal - FBS
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders in Portugal:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders in Portugal:
•no cryptocurrency;
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
2
Best Futures Apps in Portugal - 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 in Portugal:
•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 in Portugal:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
3
Best Futures Apps in Portugal - IronFX
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
👍 Advantages of trading with IronFX for traders in Portugal:
•round-the-clock communication with a multilingual support TEAM on weekdays;
•wide range of trading assets;
👎 Disadvantages of IronFX for traders in Portugal:
•the verification procedure can be repeated;
4
Best Futures Apps in Portugal - Traders Way
Trader’s Way was established by a group of financial experts and analysts to provide trading opportunities to traders across the globe. Throughout its operation, the broker has been continuously improving the services and technologies it provides, adding new platforms, useful applications, and available social trading platforms. Trader’s Way aspires to meet the trading demands of both active Forex traders and passive investors with various amounts of free equity.
👍 Advantages of trading with Traders Way for traders in Portugal:
•Optimal trading conditions for experienced and professional traders: tight spreads and low trading commissions per lot on ECN accounts.
•No trading limitations: hedging, scalping, and use of algorithmic advisors are allowed.
•Availability of several social trading platforms for copying trades of successful traders.
👎 Disadvantages of Traders Way for traders in Portugal:
•No cent (micro) accounts.
•Investment in PAMM, MAM, and RAMM accounts is not available.
•Complicated verification process: a new user must provide a certified translation of documents into English.
•The broker does not provide its own analytics to its customers.
•There are no Russian-speaking operators on the online chat.
5
Best Futures Apps in Portugal - FOREX CLUB
The Forex Club broker is a well-known brand on the online investments and trading market. It has been operating since 1997. Over a hundred representative offices of the company work in Europe, the CIS countries, Asia and Latin America.
The Forex Club provides its dedicated customers with the access to trading 54 currency pairs, 72 CFD tools (oil, non-ferrous metals, stocks, indices), gold and silver, as well as bitcoin.
The Forex Club broker regularly gets international awards due to the premium quality of provided services and its own innovative solutions. According to the World Finance Award in 2012 the company received the “Best Dealing Award”; in 2016, it was awarded the title “Forex Company of the Year”. In 2018 and 2019, the Libertex platform, the company's own solution, was admitted as the “Best Trading Application”.
👍 Advantages of trading with FOREX CLUB for traders in Portugal:
•best trading conditions for novice traders;
•a wide range of financial tools: currency pairs, indices, futures, stocks, cryptocurrencies;
•the ability to choose the optimal leverage from 1:200 to 1:600;
•a wide range of deposit and withdrawal methods;
•always updated analytics and the informational section "Education".
👎 Disadvantages of FOREX CLUB for traders in Portugal:
•You need to register to the official website to study the affiliate program conditions;
•temporary trading terminals malfunctioning;
•there is no detailed glossary on the site.
Best Futures Trading App in Portugal 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
FBS - Education for Investors
Investment Education Online
The FBS website has an impressive training section where everyone can get the information they need to trade successfully on Forex and beyond. The broker provides a quick guide to Forex, tips for traders, and video tutorials. The company also conducts webinars. The section is divided into levels for beginners, elementary, intermediate, and advanced levels.
To practice the knowledge gained on the FBS website, the specialists of the brokerage company recommend opening a demo account. You can practice on it without risking real money. The next step is to open a cent account which will allow you to trade in the real market, but with lower risks than on a standard account.
To support traders, a separate analytical section with an economic calendar, a currency converter, and calculators have been created on the site.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
IronFX - Education for Investors
Investment Education Online
A section on the official website of the IronFX is devoted to Forex trading education. It offers a wealth of useful content for novice traders, including articles, tutorials, and educational podcasts. Additionally, to assist clients in adapting their trading strategies to market changes, the company publishes market trends and financial news.
To reinforce theory with practice, traders can use the demo account provided by the broker on MT4. The risks of losing funds are eliminated since the trader uses virtual money. The available amount of virtual deposit is $100,000.
Traders Way - Education for Investors
Investment Education Online
There are no education or analytics sections on the broker’s website. A novice trader can find useful information about starting to trade on Forex in the New To The Market, Resources, and Questions and Answers sections. That, however, is not enough for detailed studying of trading basics.
Users can test their Forex trading skills on the broker’s demo account.
FOREX CLUB - Education for Investors
Investment Education Online
The International Academy of Investments and Trading from Forex Club is one of the first business schools for traders in the Forex market. The program consists of over 40 courses and is accredited by the state. After passing the basic course of the Academy, its graduates get a special document on advanced training or a certificate of completion of the courses.
There are three types of training programs are available for traders: “For Novice Traders”, “Advance Training” and “Individual Program”. There are three formats of classes: full-time, part-time and independent study.
The broker's website has an analytical section with tools that will be of interest not only to novice traders, but also to professionals.
The information presented in the "Training" section is helpful for traders of different levels because it consists of many courses (more than 40), which differ in complexity and depth. Forex Club took care to interest not only beginners but also professionals with trading experience in Forex who want to improve their knowledge and qualifications.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Portugal choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Futures Trading App in Portugal 2024.
| FBS | eToro | IronFX | Traders Way | FOREX CLUB | |
|---|---|---|---|---|---|
|
Overall score |
8.28 |
9.4 |
6.98 |
4.59 |
6.44 |
|
Execution of orders |
9.5 |
9.1 |
6.85 |
5.5 |
4.15 |
|
Investment instruments |
6.96 |
9.7 |
8.87 |
1.71 |
6.93 |
|
Withdrawal speed |
9.57 |
9.5 |
7.23 |
6.29 |
7.54 |
|
Customer Support work |
7.58 |
9.3 |
7.03 |
4.33 |
5.53 |
|
Variety of instruments |
7.02 |
9 |
8.02 |
5.02 |
7.75 |
|
Trading platform |
9.03 |
9.8 |
3.88 |
4.67 |
6.71 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
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.
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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.