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 Swing App For Swap-Free Trading 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.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders.
Best Swing App For Swap-Free Trading 2024
| RoboForex | Exness | FxPro | XM Group | IC Markets | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, Mobile Trading, MT5, cTrader, FxPro Edge |
MT4, MT5, Mobile Trading, XM App |
MT4, cTrader, MT5, TradingView |
|
Min deposit |
$10 |
$10 |
$100 |
$5 |
$200 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
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 0 points |
From 0.6 points |
From 0 points |
|
Level of margin call / stop out |
60% / 40% |
No |
25% / 20% |
100% / 50% |
100% / 50% |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
Yes |
No |
No |
Yes |
No |
1
Best Swing App For Swap-Free Trading 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 Swing App For Swap-Free Trading 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 Swing App For Swap-Free Trading 2024 - FxPro
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
👍 Advantages of trading with FxPro for traders:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
4
Best Swing App For Swap-Free Trading 2024 - XM Group
XM Group is a globally recognized broker, operational in nearly 190 countries and serving over 5 million traders. The broker offers over 1,000 trading instruments, including Forex pairs, stocks, commodities, cryptocurrencies, and precious metals. With licenses from regulators like ASIC 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: more than 55 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:
•passive investment services (social trading platform, PAMM accounts);
•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.
5
Best Swing App For Swap-Free Trading 2024 - IC Markets
IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.
👍 Advantages of trading with IC Markets for traders:
•Availability of three licenses;
•Wide range of assets;
•Standard and ECN account types for trading on different platforms;
•Mobile apps for Android and iOS-based devices;
•Scalping, hedging, and algorithmic trading are allowed;
•Minimum delay when executing orders and ultra-fast market execution;
•Competitive trading fees;
•Wide choice of social trading and copy trading platforms;
•24/7 support via live chat;
•Demo accounts on MT4, MT5, and cTrader;
•Swap-free accounts are available for Muslim traders.
👎 Disadvantages of IC Markets for traders:
•Education materials available on the website are not very informative or diverse;
•Rebates are available outside Australia and the European Economic Area;
•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.
Best Swing App For Swap-Free Trading 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
FxPro - Security for Traders
Security (Protection for Investors)
Information
The activities of the FxPro broker company are regulated by four financial services commissions: FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), SCB (The Bahamas).
Security guarantees from FxPro:
1. FxPro’s partners providing constant liquidity are over 12 investment banks.
2. Clients’ funds are held in segregated accounts in Barclays, Citibank, and RBS banks.
The broker’s external auditor is PwC.
These regulators impose the most stringent requirements on the activities of companies, which therefore ensures the broker's responsible performance of their services and tasks.
👍 Advantages
- Segregated accounts, in accordance with all requirements of the regulator
- Protecting the trader's capital from a negative balance
- Providing support in controversial matters involving an independent judge
👎 Disadvantages
- The regulator does not consider the claims of private traders with minor amounts
XM Group - Security for Traders
Security (Protection for Investors)
Information
XM Broker is licensed by four leading global regulators: ASIC (Australia), FSC (Belize), CySEC (Cyprus), DFSA (UAE). 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
IC Markets - Security for Traders
Security (Protection for Investors)
IC Markets includes three legal entities registered in Australia, EU, and Seychelles. They are licensed by local ASIC (ACN: 123 289 109), CySEC (362/18), and FSA (SD018) regulators, respectively. Also, since 2021, IC Markets has been a member of the Financial Commission that resolves disputes between brokers and their clients and compensates the latter with up to €20,000. CySEC has its own compensation fund ICF and pays to clients of bankrupt brokers. Availability of three licenses of key global regulators provides the company with a possibility to offer brokerage services to traders in more than 100 countries.
Moreover, IC Markets partners with Lloyds Bank (London) to cover client losses in case of its insolvency. Each trader is compensated for their account balance and amounts of all open positions, but not more than $1,000,000.
Is IC Markets safe? An Honest Review
👍 Advantages
- Rights and obligations of both the broker and the client are clearly stated in the agreement
- The broker’s clients can file official claims with regulators
- Coverage from Lloyds Bank is available
- Client funds and the company’s capital are held separately
👎 Disadvantages
- Limited leverage up to 1:30 for clients of offices regulated by ASIC and CySEC
- Negative balance protection isn’t available in all countries
Summary
In the process of choosing the Best Swing Trading App For Swap-Free Trading 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 | FxPro | XM Group | IC Markets | |
|---|---|---|---|---|---|
|
Overall score |
8.86 |
7.69 |
8.49 |
8.19 |
8.43 |
|
Execution of orders |
8.95 |
9.6 |
8.25 |
9.35 |
9.45 |
|
Investment instruments |
9.73 |
9.43 |
8.8 |
8.15 |
8.95 |
|
Withdrawal speed |
9.71 |
8.79 |
6.5 |
7.9 |
9.43 |
|
Customer Support work |
9.17 |
9.29 |
8.9 |
8.5 |
7.19 |
|
Variety of instruments |
8.75 |
8.02 |
9.27 |
8.02 |
8.02 |
|
Trading platform |
6.86 |
1 |
9.2 |
7.2 |
7.51 |
|
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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.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
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.