Many traders in Cyprus use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Binary Trading App in Cyprus for 2024, based on our assessments.
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
Binary is the right broker for those who appreciate a variety of financial instruments. Due to the low minimum deposit, the company is suitable for novice traders who do not want to risk large amounts of money.
VideForex is a broker for novice traders and professional market participants that allows you to make trades on your own or receive income through the trade copying service.
The Expert Option broker aims to cooperate only with those traders who prefer binary options. There are no conditions for active and passive trading in the company.
The IQ Option broker is for novice traders who are not yet ready to trade on Forex but would like to get their first trading skills.
Best Binary Trading App in Cyprus for 2024
Pocket Option | Binary.com | VideForex | ExpertOption | IqOption | |
---|---|---|---|---|---|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile |
Proprietary platform, Mobile platforms |
Browser platform |
IQ Option |
Min deposit |
$5 |
$5 |
$50 |
$50 |
$10 |
Trading instruments |
currency |
indexes, Forex, goods, stock, random index |
Commodities, Currencies, Options, Stocks, Crypto, currency pairs / CFD |
Options |
Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
Signals |
No |
No |
Yes |
No |
No |
Analytical support |
No |
Yes |
Yes |
Yes |
Yes |
Training |
No |
Yes |
Yes |
Yes |
Yes |
Additional tools |
Yes |
Yes |
Yes |
Yes |
Yes |
1
Best Binary Apps in Cyprus - Pocket Option
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, PO TRADE BROKER has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option for traders in Cyprus:
•low threshold for entering the market; the first deposit starts at $5;
•social trading platform generates passive income.
👎 Disadvantages of Pocket Option for traders in Cyprus:
•not licensed by any reputable regulator;
•to trade Forex through MetaTrader 5, you need to deposit at least $1,000;
•support service responds within 24-48 hours, which is also too slow.
2
Best Binary Apps in Cyprus - Binary.com
Deriv (Binary.com) offers trading services with a focus on derivative products like binary options and CFDs. The company has a history that dates back to 1999 and is regulated by several entities including the Malta Financial Services Authority (MFSA).
The broker also offers competitive fees and a low minimum deposit, making it accessible to traders with varying budget sizes. Flexible trade duration varies from 1s to 365d.
Deriv Multipliers blend the potential gains of leveraged trading with the controlled risk associated with options. This trading type allows traders to increase their market exposure while managing risks with built-in features like stop-loss and take-profit orders. Multipliers provide a balance between high-risk trading and traditional instruments.
👍 Advantages of trading with Binary.com for traders in Cyprus:
•extensive experience (the company has been operating for more than 20 years) and the availability of a regulator;
•the minimum amount for replenishing and opening a bid is $5 and $1, respectively.
👎 Disadvantages of Binary.com for traders in Cyprus:
•online chat for support is not available on the company's website;
•no cent account;
•sometimes there are platform failures;
•there is no trust management accounts;
•sometimes there are delays in the withdrawal of funds;
•some clients have difficulties with the registration process;
•sometimes technical support takes a long time to respond.
3
Best Binary Apps in Cyprus - VideForex
VideForex is an international broker that allows traders from all over the world to trade on the Forex market. The company provides clients with more than 100 instruments, ways to earn passive income, and three types of accounts that differ in various functions. VideForex indicates that its activities are regulated and the personal data of users is protected.
👍 Advantages of trading with VideForex for traders in Cyprus:
•You have access to a demo account.
•Support is available 24/7.
•The broker offers several methods to deposit and withdraw funds.
•Customers of VideForex may trade independently, as well as copy trades of professional traders.
•Transactions can be made from the broker's web platform and through mobile apps.
•VideForex provides lightning-fast execution of withdrawal transactions, within 1 hour.
👎 Disadvantages of VideForex for traders in Cyprus:
•The broker does not provide educational materials for its clients.
4
Best Binary Apps in Cyprus - ExpertOption
Expert Option is a binary market broker that specializes in providing services such as binary options trading. The company has been actively operating since 2014, has more than 30 million clients, and the customers’ trust is the main indicator of its reliability. The broker is also verified by Visa and Mastercard, and all user information is encrypted with strict algorithms, which increases data security. In 2017, Shenzhen Expert Option won the Best Trading Platform award at the China Trading Expo.
👍 Advantages of trading with ExpertOption for traders in Cyprus:
•low level of the minimum deposit, from $10;
•options to trade both from personal computers and mobile devices.
👎 Disadvantages of ExpertOption for traders in Cyprus:
•lack of a license to provide services and a regulatory body for the broker;
•protracted verification procedure — up to 30 days;
•the company does not cater to clients from countries such as the United States, Canada, Switzerland, New Zealand, North Korea, Puerto Rico, Bangladesh, Yemen, Indonesia, Singapore, Sudan, and the European Economic Area;
•funds can be credited to the deposit within 45 days (depending on the payment system);
•there are no conditions for active trading;
•the company does not have investment programs;
•the funds of the company's clients are not protected in any way.
5
Best Binary Apps in Cyprus - IqOption
The company was founded in 2013 and today is among the leaders in this genre thanks in large part to its proprietary platform. In 2017, the broker was awarded the highest award by the Communicator Awards.
👍 Advantages of trading with IqOption for traders in Cyprus:
•convenience from a visual narrative, the platform is user-friendly for novice traders;
•one of the highest levels of remuneration in the segment of binary options.
👎 Disadvantages of IqOption for traders in Cyprus:
•a limited number of timeframes in comparison with MT4, without the possibility of setting non-standard intervals;
•the online platform is heavy on your computer’s RAM;
•there is a shared offer, not all trading conditions are displayed on the website and in the personal account. You have to investigate them either through trial and error or with the help of support services;
•there is no possibility of adding additional indicators, no algorithmic trading is provided;
•delays in cash withdrawal.
Best Binary Trading App in Cyprus 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
Pocket Option - Education for Investors
Investment Education Online
Information
There is a "Training" section on the Pocket Option website, but it is not informative enough. Find more information in the "FAQs" sub-section of the "Help" section. There is practically no information about Forex trading.
The broker allows opening a demo account, which allows you to improve on your trading skills without financial risks.
Binary.com - Education for Investors
Investment Education Online
Information
The Binary website has an educational section where you can get the information you need to trade options, currency pairs, and futures contracts, as well as metals successfully.
To use in practice the knowledge that the trader received on the Binary website, the experts of the brokerage company recommend opening a demo account. Training on a free practice account will give novice traders the experience and skills to trade on a real account.
VideForex - Education for Investors
Investment Education Online
VideForex broker does not provide its clients with training materials or resources that may be useful for beginners and professionals.
To test their trading skills and new trading strategies, VideForex clients can use a free demo account, without the risk of financial losses because the money is virtual.
ExpertOption - Education for Investors
Investment Education Online
Information
In addition to trading conditions, the ExpertOption broker allows traders to learn how to trade binary options and improve their knowledge in this area with the help of free training materials provided on the site.
To test the theoretical knowledge gained, we recommend using a demo account. This will allow you to apply theory to practice and avoid financial risks.
IqOption - Education for Investors
Investment Education Online
Information
You will find the basic trading training course in the form of separate video tutorials on the IQ Option website. Also, the emphasis is placed on information support, fundamental news, and analytics.
There is a demo account for gaining experience, confidence, familiarity with this broker’s platform.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Cyprus choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Binary Trading App in Cyprus 2024.
Pocket Option | Binary.com | VideForex | ExpertOption | IqOption | |
---|---|---|---|---|---|
Overall score |
6.87 |
8.11 |
5.54 |
5.63 |
6.44 |
Execution of orders |
9.52 |
9.82 |
8.79 |
8.65 |
9.37 |
Investment instruments |
4.29 |
9.54 |
1.52 |
1.08 |
1.25 |
Withdrawal speed |
9.64 |
10 |
5.21 |
8.12 |
4.93 |
Customer Support work |
4.38 |
5.41 |
6.31 |
4.98 |
6.85 |
Variety of instruments |
6.01 |
5.12 |
8.76 |
2.01 |
10 |
Trading platform |
7.38 |
8.76 |
2.64 |
8.93 |
6.24 |
|
|||||
|
|
|
|
|
|
- Best Mobile Trading App In Thailand for 2024
- Best Bitcoin Trading App In Portugal for 2024
- Best Stock Trading App In Sri Lanka for 2024
- Best CFD Trading App In India for 2024
- Best Futures Trading App In Jamaica for 2024
- Best Mobile Trading App In Belgium for 2024
- Best Copy Trading App In Kenya for 2024
- Best Paper Trading App In Egypt for 2024
- Best Paper Trading App In Saudi Arabia for 2024
- Best Options Trading App In Asia for 2024
- Best Bitcoin Trading App In Slovenia for 2024
- Best Forex Trading App In Greece for 2024
- Best Options Trading App In Cyprus for 2024
- Best Copy Trading App In Uganda for 2024
- Best Copy Trading App In Czech Republic for 2024
- Best Futures Trading App In France for 2024
- Best Options Trading App In Italy for 2024
- Best Forex Trading App In Bangladesh for 2024
- Best Swing Trading App In Singapore for 2024
- Best Options Trading App In Greece for 2024
- Best Binary Trading App In Singapore for 2024
- Best Options Trading App In Poland for 2024
- Best Binary Trading App In the Netherlands for 2024
- Best Binary Trading App In Greece for 2024
- Best Copy Trading App In Portugal for 2024
- Best CFD Trading App In Uganda for 2024
- Best Paper Trading App In Vietnam for 2024
- Best Copy Trading App In Japan for 2024
- Best Options Trading App In the Netherlands for 2024
- Best Mobile Trading App In France for 2024
FAQ
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
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.
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.