Many traders in Greece 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 Greece 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.
IQcent is suitable for traders who are ready to trade CFDs and binary options through the broker’s proprietary terminal. IQcent's trading conditions are suitable for both beginners and experienced traders, who can access more than 100 trading instruments through the broker's terminal.
Raceoption is a broker for beginners and experienced traders who trade Forex assets, stocks, indices, and binary options.
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.
Best Binary Trading App in Greece for 2024
| Pocket Option | Binary.com | IQcent | Raceoption | VideForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile |
WebTrader, Mobile platforms |
Raceoption (Mobile), WebTrader |
Proprietary platform, Mobile platforms |
|
Min deposit |
$5 |
$5 |
$20 |
$10 |
$50 |
|
Trading instruments |
currency |
indexes, Forex, goods, stock, random index |
currency pairs / CFD, Commodities, Options, Crypto, Currencies, Stocks |
Stocks, Commodities, Crypto, Options, currency pairs / CFD, Currencies |
Commodities, Currencies, Options, Stocks, Crypto, currency pairs / CFD |
|
Signals |
No |
No |
Yes |
Yes |
Yes |
|
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 Greece - 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, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option for traders in Greece:
•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 Greece:
•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 Greece - 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 Greece:
•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 Greece:
•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 Greece - IQcent
IQcent is a Marshall Islands-registered broker that offers access to online CFD and binary options trading. The company accrues many bonuses to customers and allows you to use electronic payment systems for depositing and withdrawing funds. IQcent offers a proprietary terminal with built-in technical analysis tools that support standalone and copy trading. The company also has a trading platform for mobile devices (mobile app). IQcent clients get trading access to the following instruments: binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies. In total, more than 100 trading instruments are available to IQcent clients. The company does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, and maintaining a trading account. IQcent provides clients with access to primary training articles and guides and uses modern technologies to ensure the safety of client funds and users' personal data. 256-bit SSL encryption, 3D Secure, and Visa MasterCard Secure Code are used to achieve these goals.
👍 Advantages of trading with IQcent for traders in Greece:
•The available minimum deposit is $20 on a Bronze account.
•A simple but functional web trading terminal that does not require installation and is compatible with most devices.
•Regular update of bonus programs.
•The ability to receive additional income for attracting new customers.
•Access to trade in more than 100 financial instruments, including currency pairs, cryptocurrencies, stock indices, gold, and silver.
•Availability of useful tools such as technical and fundamental analysis tools, a section with current news, and an economic calendar.
•The support team, including online chat operators, is available 24/7.
•Regulation IFMRRC.
👎 Disadvantages of IQcent for traders in Greece:
•IQcent does not provide MetaTrader terminals.
4
Best Binary Apps in Greece - Raceoption
Raceoption is a Forex and binary broker providing financial services internationally. The company offers optimal trading conditions for buying and selling assets of different groups, and it gives options to make money on binary options and copy transactions of professional traders. Raceoption clients have access to a referral program and bonuses; the broker also regularly conducts trading competitions among all traders. Trading is available around the clock, and the support service is also available at any time of the day.
👍 Advantages of trading with Raceoption for traders in Greece:
•The company offers ways to generate passive income.
•It offers many methods to deposit and withdraw funds.
•The broker cooperates with traders globally.
•It takes only a few minutes to open a trading account.
•There are no commissions for maintaining the account or for non-trading activities.
👎 Disadvantages of Raceoption for traders in Greece:
•The company charges a 5% commission for money transfers via VISA cards.
5
Best Binary Apps in Greece - 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 Greece:
•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 Greece:
•The broker does not provide educational materials for its clients.
Best Binary Trading App in Greece 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.
IQcent - Education for Investors
Investment Education Online
The IQcent website lacks a full-fledged training section. To help beginners, there is a block with answers to frequently asked questions (FAQs) about starting trading and registering with a broker.
An effective training tool can be a demo account. However, to gain access to it, a trader must open a real account and replenish its balance with at least $20.
Raceoption - Education for Investors
Investment Education Online
The Raceoption website has a section called “Training Center”. It contains only basic information about trading on the binary options market and Forex.
Traders have the opportunity to practice trading on a risk-free demo account. To open it, you need to contact the support service after registering.
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.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Greece 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 Greece 2024.
| Pocket Option | Binary.com | IQcent | Raceoption | VideForex | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
8.11 |
6.75 |
6.05 |
5.54 |
|
Execution of orders |
9.52 |
9.82 |
9.21 |
8.26 |
8.79 |
|
Investment instruments |
4.29 |
9.54 |
1.54 |
1.38 |
1.52 |
|
Withdrawal speed |
9.64 |
10 |
7.24 |
7.92 |
5.21 |
|
Customer Support work |
4.38 |
5.41 |
8.46 |
5.31 |
6.31 |
|
Variety of instruments |
6.01 |
5.12 |
8.86 |
8.69 |
8.76 |
|
Trading platform |
7.38 |
8.76 |
5.19 |
4.76 |
2.64 |
|
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FAQ
Do I need to pay for downloading the app?
Brokers do not charge a fee for downloading their mobile app. They are provided for free.
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.
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.
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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.