Many traders in Hong Kong 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 Hong Kong 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.
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.
Binarycent broker accommodates trading in binary options and is focused on cooperation with professionals, as evidenced by the high level of the minimum deposit and the lack of training materials.
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 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 Hong Kong for 2024
| Pocket Option | IQcent | Binarycent | VideForex | IqOption | |
|---|---|---|---|---|---|
|
Trading platform |
MT5, Web, Mobile |
WebTrader, Mobile platforms |
Webterminal |
Proprietary platform, Mobile platforms |
IQ Option |
|
Min deposit |
$5 |
$20 |
$250 |
$50 |
$10 |
|
Trading instruments |
currency |
currency pairs / CFD, Commodities, Options, Crypto, Currencies, Stocks |
currency |
Commodities, Currencies, Options, Stocks, Crypto, currency pairs / CFD |
Options, stock, Forex, Crypto, Commodities, indexes, CFDs on ETFs |
|
Signals |
No |
Yes |
No |
Yes |
No |
|
Analytical support |
No |
Yes |
No |
Yes |
Yes |
|
Training |
No |
Yes |
No |
Yes |
Yes |
|
Additional tools |
Yes |
Yes |
Yes |
Yes |
Yes |
1
Best Binary Apps in Hong Kong - 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 Hong Kong:
•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 Hong Kong:
•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 Hong Kong - 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 Hong Kong:
•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 Hong Kong:
•IQcent does not provide MetaTrader terminals.
3
Best Binary Apps in Hong Kong - Binarycent
Binarycent is a broker that has been operating since 2015 and is focused on traders who prefer binary options trading. You are offered three types of accounts and the opportunity to test the trading conditions of the broker on a demo account. During its years of service, the broker was awarded the Best Broker 2015 award, according to Fair Binary Options.
👍 Advantages of trading with Binarycent for traders in Hong Kong:
•quick and easy registration procedure;
•quick withdrawal of funds in any convenient way.
👎 Disadvantages of Binarycent for traders in Hong Kong:
•the broker's activity isn’t licensed or regulated;
•no training materials;
•high level of minimum deposit;
•the trader shall verify the account to carry out transactions;
4
Best Binary Apps in Hong Kong - 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 Hong Kong:
•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 Hong Kong:
•The broker does not provide educational materials for its clients.
5
Best Binary Apps in Hong Kong - 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 Hong Kong:
•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 Hong Kong:
•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 Hong Kong 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.
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.
Binarycent - Education for Investors
Investment Education Online
Information
The Binarycent broker affords traders with access to an online platform and trading tools, but there are no materials to help a novice trader to understand trading or for a professional to improve their skills. The only way to maximize knowledge is a live video chat with a manager, which is available for all types of accounts, or video tutorials available to registered users.
We recommend using a free demo account first to verify your current level of knowledge and broker’s trading conditions.
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.
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 Hong Kong 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 Hong Kong 2024.
| Pocket Option | IQcent | Binarycent | VideForex | IqOption | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
6.75 |
5.49 |
5.54 |
6.44 |
|
Execution of orders |
9.52 |
9.21 |
7.97 |
8.79 |
9.37 |
|
Investment instruments |
4.29 |
1.54 |
1.29 |
1.52 |
1.25 |
|
Withdrawal speed |
9.64 |
7.24 |
4.97 |
5.21 |
4.93 |
|
Customer Support work |
4.38 |
8.46 |
6.77 |
6.31 |
6.85 |
|
Variety of instruments |
6.01 |
8.86 |
8.73 |
8.76 |
10 |
|
Trading platform |
7.38 |
5.19 |
3.21 |
2.64 |
6.24 |
|
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FAQ
If a broker has several platforms, does it mean it offers several apps?
No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).
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.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
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.
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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.