Top 10 Forex Trading Software Recommendations for 2026 | Compatible with iOS and Android

Foreign exchange trading software choices directly impact your trading experience. As an investor in Taiwan, facing numerous platforms can be overwhelming, especially for beginners who are prone to pitfalls. This article introduces 10 legitimate and stable forex charting and trading apps to help you quickly find the most suitable tools.

5 Key Indicators to Quickly Identify Reliable Forex Charting Software

Before choosing forex charting software, mastering these five critical indicators can significantly reduce risks.

1. Verify International Financial Regulatory Licenses

Genuine forex service providers hold licenses from authoritative regulatory agencies. Globally recognized regulators include: FCA (UK), ASIC (Australia), NFA (USA), MiFID (EU), CySEC (Cyprus). Platforms with these top-tier licenses offer better fund security. Scam platforms, no matter how convincing, rarely obtain legitimate licenses.

2. Assess Website and App Quality

Legitimate operators invest resources in creating professional websites and trading platforms. Platforms with rough interfaces and excessive ads are often fake brokers aiming to quickly drain investors and disappear. Before downloading forex charting software, visit the official website to observe overall design quality.

3. Confirm Deposit and Withdrawal Convenience

A common complaint about fake brokers is “unable to withdraw funds.” Legitimate platforms do not make withdrawal difficult with excuses. Check supported deposit and withdrawal methods before opening an account, and watch out for hidden fees.

4. Reasonable Spreads and Fee Structures

Forex brokers mainly profit from spreads and commissions. Extremely low fees may seem attractive but consider how the platform sustains operations. Brokers are categorized as: MM (Market Makers, profit mainly from spreads), STP (pass orders to liquidity providers, charge commissions), ECN (directly connect to liquidity, transparent fees). Understanding fee structures helps evaluate true trading costs.

5. Localized Services and Customer Support

For Taiwanese investors, whether the platform offers Traditional Chinese customer service, local deposit/withdrawal channels, and local educational resources directly affects trading experience. Being able to quickly contact Chinese-speaking support is important.

Core Comparison Table of Forex Charting Software

Different forex charting platforms have varying trading conditions. The table below compares key parameters of 10 mainstream apps:

Data sourced from official websites and user feedback. Please verify the latest info independently.

Beginner-Friendly Trading Software

Mitrade – Lowest Barrier Forex Charting Software

Compatible: iOS, Android

Mitrade is an Australian ASIC-regulated broker (license 398528) with hundreds of thousands of users worldwide. The app emphasizes simplicity and ease of use, rated 4.7/5 on the App Store. The key feature is a very low minimum deposit—only $50 to open an account, with leverage adjustable from 1 to 200. Supports TWD deposits/withdrawals and offers 24/7 Chinese customer support. The platform allows trading over 400 assets (including 60 forex pairs, cryptocurrencies, commodities, 300+ US stocks), with USDT deposit options. Users can trade via mobile app, web, or desktop (compatible with macOS/Windows).

FXTM (Fidelity) – Most Educational Resources

Compatible: iOS, Android

Founded in 2012, FXTM is headquartered in Cyprus and regulated by FCA, CySEC, and IFSC. Its standout feature is rich educational resources and frequent promotions. Offers over 250 trading products (forex, metals, indices, crypto CFDs), with leverage up to 2000x on cent accounts, and a minimum deposit of $200. Supports MT4, MT5, and FXTM’s proprietary Trader App. Ideal for beginners who want to learn while practicing.

Plus500 – CFD Trading Specialist

Compatible: iOS, Android

Plus500 is listed on the London Stock Exchange (LSE: PLUS), founded in 2008, regulated by FCA, ASIC, MAS, and others. Focuses on CFD trading, offering up to 200x leverage, with a minimum deposit of $100. Deposit and withdrawal are completely free, though inactive accounts over 3 months incur a $10/month fee. The app is user-friendly and provides smooth trading experience.

Professional Forex Charting Software Recommendations

IC Markets – ECN Broker Representative

Compatible: iOS, Android

Founded in 2007, headquartered in Australia, regulated by ASIC. A true ECN broker connecting clients directly to liquidity providers, ensuring the lowest spreads and most transparent trading. Leverage up to 500x, minimum trade size 0.01 lots, minimum deposit $200. Supports cTrader, MT4, MT5. Very convenient deposit/withdrawal. Cost mainly comes from commissions, suitable for professional traders.

FOREX.com – Most Leverage Options

Compatible: iOS, Android

Founded in 1999, FOREX.com (a subsidiary of NYSE-listed StoneX) is regulated by FCA, ASIC, FSCA, and others. Offers transparent quotes, up to 1:400 leverage, moderate trading fees. Supports proprietary platform, MT4, MT5. Suitable for investors with advanced trading tool needs.

XM – High Leverage Enthusiasts’ Choice

Compatible: iOS, Android

Founded in 2009, regulated by FCA (UK), ASIC (Australia), IFSC (Belize), CySEC (Cyprus). Its main feature is extremely high leverage—up to 888x, with a minimum deposit of only $5. Attracts aggressive traders seeking high returns. Supports MT4/MT5, with a wide product range. Risk and reward go hand in hand; suitable for experienced investors.

IG Markets – Largest Global Forex Broker

Compatible: iOS, Android

Founded in 1974 in London, part of the FTSE 250 index, regulated by FCA, ASIC, FSCA, and others. Offers over 17,000 assets across 11 categories, with up to 200x leverage, minimum deposit $300 (debit/credit card). Known for WebTrader and mobile apps, comprehensive charting tools, and MT4 support. A top choice for professional traders.

Easymarkets – Best Partner for TradingView Users

Compatible: iOS, Android

Founded in 2001, an early pioneer in retail forex trading, regulated by ASIC and CySEC. Leverage up to 200x, minimum deposit $100. Its unique advantage is compatibility with TradingView—if you analyze markets on TradingView, you can place orders directly through your Easymarkets account within the TradingView interface. Offers 175 tradable assets, supports MT4 and proprietary platform.

ThinkMarkets – Flexible Trading Software

Compatible: iOS, Android

Founded in 2010, regulated by FCA, ASIC, and FMA (New Zealand). Offers over 4,000 tradable products, with forex leverage up to 400x. Its main features are diverse product offerings and flexible platform options—supports MT4, ThinkTrader (proprietary), and mobile apps. Suitable for investors seeking versatile tools and flexible configurations.

ATFX – Pure MT4, Simple Choice

Compatible: iOS, Android

Founded in 2015, headquartered in the UK, regulated by FCA and CySEC. Although relatively new, it has grown rapidly, focusing on customer service and low-cost trading. Leverage up to 400x, uses MT4 platform, which traders can download via MetaTrader 4 app. No proprietary platform, making it ideal for MT4 enthusiasts seeking a straightforward trading environment.

Choosing a Trading Platform for Forex Charting Software

Many investors are confused about the differences between MT4, MT5, and other platforms. In reality, for beginners, the differences are minimal—mainly about personal preference. Professional traders prefer MT4/MT5 because they can develop and install custom trading plugins, but this requires programming skills. For working professionals, it’s more effective to focus on trading strategies rather than learning programming.

Three Essential Types of Forex Charting Software for Beginners

After selecting a trading platform, it’s recommended to use the following three types of tools for market analysis:

Market Data Query Tools:

• Jin10 Data (financial news and data updates)
• Yahoo Finance (Taiwan stocks and global markets)

Deep Analysis Tools:

• TradingView (professional technical analysis platform, integrates with multiple brokers)
• Financial Square (macro-economic analysis)

First Steps to Start Forex Trading

You don’t need to invest large sums initially. It’s advisable for beginners to open a free demo account to familiarize themselves with trading rules and risks. Since forex trading typically involves margin, an initial capital of $50–$100 is sufficient. For example, trading 0.01 lots of AUD/USD on Mitrade requires less than $4 (based on current prices).

Practical Tips for Beginners:

First Stage: Open a demo account, experience the operation of different charting software, and learn the full process of market analysis, order placement, and risk control.

Second Stage: After finding a suitable software, open a real small account with the minimum deposit, execute micro-trades (e.g., 0.01 lots), and accumulate practical experience.

Third Stage: Gradually increase trading volume, but always adhere to risk management principles—risk no more than 2-3% of your total account per trade.

Key Reminder: Forex charting software is just a tool; the real success depends on trading strategies and psychological discipline. After choosing your software, focus on learning market analysis, risk management, and maintaining trading discipline.