FP Markets Mobile App: iOS and Android download
FP Markets offers its clients its own mobile application, as well as mobile versions of the three trading platforms – MetaTrader 4, MetaTrader 5 and cTrader. The broker’s own mobile app can be used for basic account management, including new account creation, deposit, withdrawal and customer support. The app also provides access to an economic calendar and basic order placement functionality. At the time of writing this review, however, it appears that the app is not available to all broker clients. The website for EU customers does not even have information about the app. On Google Play, the app has around 50,000 downloads but no user reviews. There are only two negative reviews in the Apple App Store.
The mobile apps for MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader are streamlined versions of their desktop counterparts, designed to enable traders to access markets and manage trades while on the move. However, there are notable differences in functionality between the mobile and desktop versions of each platform, as well as distinctions between the mobile apps themselves.
Starting with MT4, the mobile app offers essential trading features, such as real-time quotes, basic order types (market, limit, and stop orders), and access to charts and indicators. Traders can view price movements across nine timeframes and utilize around 30 built-in technical indicators. However, compared to the desktop version, the mobile app lacks advanced charting tools, custom indicators, and the ability to use Expert Advisors (EAs) for automated trading. Customization options for chart layouts are also limited, and there’s no access to desktop-specific features like backtesting or multi-screen setups.
The MT5 mobile app builds on MT4 by offering a more extensive feature set. It provides access to 21 timeframes, Depth of Market (DOM), and a larger library of built-in indicators, making it more comprehensive for technical analysis than the MT4 mobile app. While it supports more order types than MT4 (including stop-limit orders), the MT5 mobile app also falls short of its desktop version in several areas. It does not allow traders to run or test custom Expert Advisors or conduct the detailed backtesting available on the desktop platform. Multi-chart functionality is also more limited, as the mobile interface is optimized for single-screen use.
The cTrader mobile app offers a modern and highly intuitive interface, aligning closely with its desktop version in terms of design and usability. It supports a wide variety of order types, including trailing stops and break-even orders, which are not available on the MT4 and MT5 mobile apps. The cTrader mobile app provides access to multiple timeframes and over 70 technical indicators, making it one of the most robust apps for technical analysis. However, like MT4 and MT5, it does not allow for full algorithmic trading or advanced strategy development directly on the mobile platform. cTrader’s mobile version also includes unique features such as detachable charts and synced watchlists, though it lacks the multi-screen support and full customizability of its desktop counterpart.
Differences Between Mobile and Desktop Versions
Across all three platforms, automation is a significant area where the mobile apps fall short compared to desktop versions. Neither MT4, MT5, nor cTrader mobile apps support running Expert Advisors (EAs) or automated strategies, a critical feature for algorithmic traders. Similarly, strategy backtesting and optimization tools available on desktop versions are absent in mobile apps.
Charting and analysis capabilities are also more basic on mobile platforms. While mobile apps provide essential technical indicators and drawing tools, they lack the advanced charting functionalities, custom indicators, and multi-chart setups offered by desktop versions. The smaller screen size and touch interface further limit the usability of certain analytical tools that are more practical on a larger monitor.
Customization is another area of limitation for mobile apps. Desktop platforms allow extensive customization of chart layouts, indicator parameters, and workspace organization, while mobile apps prioritize simplicity and ease of use, offering fewer options to tailor the interface.
Despite these limitations, the mobile apps for all three platforms are well-suited for traders who need to monitor markets, execute trades, and manage positions on the go. For comprehensive analysis, strategy development, and automation, the desktop versions remain indispensable. The differences in functionality highlight the complementary role of mobile apps as a tool for quick access rather than a full replacement for the more powerful desktop trading experience.
