What is the best forex trading app in the UK?
Verdict
- Pepperstone is our pick for forex trading on mobile in the UK. Its app, and the cTrader, MT4, MT5 and TradingView mobile apps, all connect to the same FCA-regulated account, with 93 FX pairs as CFDs.
- For the lowest cost on a phone, use cTrader with a Razor account: 0.1 pips average on EUR/USD plus $3.00 per side, or $7 per lot round trip in a USD account.
- To trade FX in pounds on mobile, use Pepperstone's spread-betting account. There's no commission, and it starts at 0.5 on EUR/USD.
- Expert advisors don't run in MetaTrader's mobile apps, so automated FX traders need a desktop or VPS. Pepperstone offers a free VPS to eligible clients.
Forex is where a mobile app feels the strain most. Prices move constantly, your stops have to work, and every fraction of a pip counts. Pepperstone is our pick because it lets you choose the mobile app that suits how you trade FX, at raw pricing.
Pepperstone for forex on your phone
A Pepperstone Razor account with Pepperstone Limited (FCA 684312) gives you raw FX spreads and a choice of five mobile apps. Pepperstone publishes Razor averages of 0.1 pips on EUR/USD, 0.2 on GBP/USD and 0.3 on USD/JPY. Commission is £2.25 per lot per side in a GBP account. If you'd rather not track commission, the Standard account works in the Pepperstone app, MT5 and cTrader with spreads averaging 1.1 pips on EUR/USD.
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Which forex broker has the best mobile app?
For a UK forex trader we rank Pepperstone first, because no other broker here gives you as many mobile apps on one raw-priced account. Capital.com is second. The table uses each firm's published platform list and EUR/USD pricing:
| Broker | Published platform list (incl. own app) | Published EUR/USD pricing |
|---|---|---|
| Pepperstone | Own app, MT4, MT5, cTrader, TradingView | Razor 0.1 pips average + commission; Standard 1.1 average |
| Capital.com | Own app, MT4, MT5, TradingView | Live only |
| CMC Markets | Own mobile app, MT4 | From 0.5 pips; FX Active from 0.0 + 0.0025% |
| IG | Own app, MT4, MT5, TradingView and others | From 0.6 points |
| eToro | Own mobile app only | From 1 pip |
Which Pepperstone app to use for FX
- cTrader mobile: lowest Razor FX commission ($3.00 per side) and full order details. A good choice for active intraday FX.
- TradingView mobile: if your analysis is already in TradingView, trade from the same chart. This needs a Razor or spread-betting account.
- MT4 or MT5 mobile: you can check and manage trades opened by your expert advisors, but the EAs themselves need a desktop or a VPS to run.
- Pepperstone app: the simplest way to fund, withdraw and trade, and the only one that is Pepperstone's own.
Mobile habits that cost forex traders money
- Trading big news releases on a phone connection. Spreads at Pepperstone are variable, so the price you see may not be the price you get.
- Opening trades without a stop because it's fiddly on a small screen. Set the stop as part of the order.
- Forgetting leverage. At the UK cap of 1:30, 1 lot of EUR/USD ties up about €3,333 of margin, and every pip is worth $10.
- Holding trades overnight without checking the financing charge.
Sources
Can I spread bet forex on my phone with Pepperstone?
Yes. The spread-betting account works in Pepperstone's own app and in the MT4, MT5, cTrader and TradingView apps, with stakes in pounds per point.
How many currency pairs are on Pepperstone's forex app?
Pepperstone's March 2025 table lists 93 FX pairs as CFDs and 91 as spread bets.
Is forex trading on a phone riskier?
The market risk is the same, but small screens and patchy connections make errors and late exits more likely. Use stops and smaller sizes on mobile.
Forex CFDs and spread bets are leveraged and high risk, on mobile or desktop. 73.6% of retail investor accounts lose money when trading spread bets and CFDs with Pepperstone Limited. Consider whether you can afford to lose your money. This is not investment advice.