Analysis of user feedback and reviews on App Stores has positioned forex trading app FBS in top spot, according to online trading and investing comparison provider InvestinGoal.com.

The methodology looked across 38 App Store review terms including both positive and negative feedback. Each app was scored against each phrase to create an index score.

Filippo Ucchino, CEO of InvestinGoal.com, said: "As the world of online investing and trading continues to develop, it's important that beginners and advanced traders are aware of the best apps and platforms to operate on."

"Many apps, platforms, and brokers in general that are difficult to use, particularly for those new to trading, may deter people completely. So, ease of use, stability and reliability of the apps are the challenges that all forex brokers will have to face if they want to grow further."

"It'll be interesting to see how the rankings change as industry knowledge grows and new apps are founded."

The phrases used included:

  • Fast deposit
  • Fast withdrawal
  • Quick deposit
  • Quick withdrawal
  • Good security
  • Great security
  • Secure
  • User friendly
  • Easy to use
  • Highly recommend
  • Good U
  • Intuitive
  • Comprehensive
  • Quick response
  • Responsive
  • Useful
  • Slow deposit
  • Slow withdrawal
  • Can't deposit
  • Can't withdraw
  • Glitches
  • Glitchy
  • Bad security
  • Poor security
  • Scam
  • Freeze
  • Crash
  • Not recommended
  • Not working
  • Poor quality
  • Slow
  • Lag
  • Bad UI
  • Confusing
  • Never use
  • Bug
  • Shady
  • Technical issues
Rank Forex Trading App Index Score
1 FBS 66.29
2 TD_Ameritrade 56.70
3 ActivTrades 56.19
4 FXTM 54.33
5 IG_Markets 52.71
6 Plus500 52.64
7 Pepperstone 50.98
8 Admirals 50.18
9 Oanda 49.97
10 Vantage 49.82
11 XM 48.77
12 FXCM 48.56
13 AvaTrade 48.47
14 XTB 47.98
15 Saxo_Bank 47.28
16 HFM 45.28
17 Interactive_Brokers 45.00
18 Forexcom 43.19
19 Etoro 41.38