Many traders in Sri Lanka 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 Bitcoin Trading App in Sri Lanka for 2024, based on our assessments.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
The KuCoin exchange is one of the largest cryptocurrency exchanges with large trading volumes. All major cryptocurrencies and tokens are at your disposal. The proprietary trading terminal is convenient for both novice traders and professionals.
AvaTrade is a brokerage company that provides optimal working conditions for all traders with any skill level. The broker provides customers with security by protecting their data and finances, and they are constantly working to improve the service.
Blueberry Markets is a regulated Forex and CFD broker that provides services worldwide. It is suitable for active traders and passive investors, as it allows the usage of a variety of trading strategies.
1
Best Bitcoin Apps in Sri Lanka - TeleTrade
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders in Sri Lanka:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders in Sri Lanka:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
2
Best Bitcoin Apps in Sri Lanka - FxPro
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
👍 Advantages of trading with FxPro for traders in Sri Lanka:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders in Sri Lanka:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
3
Best Bitcoin Apps in Sri Lanka - KuCoin
The KuCoin crypto exchange is a platform for exchanging and trading cryptocurrencies, spots, margins, and futures. The list of the exchange’s trading instruments includes dozens of cryptocurrencies such as Bitcoin, Ethereum, Tezer, etc. This crypto exchange offers a user-friendly trading terminal and there are a web and a mobile version for Android and iOS devices. The terminal contains basic analytics, charts, and indicators. There’s a possibility to replenish the account balance from debit cards, cryptocurrency, and electronic wallets. These methods are also available for withdrawal. In addition to the affiliate program (payments for referrals), the site offers unique contests with cash prizes called "Futures Battle".
👍 Advantages of trading with KuCoin for traders in Sri Lanka:
•he most popular cryptocurrencies and tokens are presented on the exchange;
•cryptocurrency exchange, spot, margin, and futures trading are offered;
•leverage up to x100 in the professional version;
•large trading volumes;
•a detailed guide for novice crypto traders;
•adaptive calculation of the commission depending on the trading volume;
•you can place your token on the exchange.
👎 Disadvantages of KuCoin for traders in Sri Lanka:
•crypto exchange’s incomplete localization;
•lack of investment programs.
4
Best Bitcoin Apps in Sri Lanka - AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 10 countries. It currently has over 300, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC, 406684), the Japanese FSA ( 1662), and the South African FSCA ( 45984). AvaTrade holds accreditation by the Central Irish Bank ( C53877 ), the Abu Dhabi Financial Services Regulatory Authority (190018), and the British Virgin Islands Financial Services Commission ( SIBA/L/13/1049), CySEC ( 347/17). AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 1,200 tools to customers.
👍 Advantages of trading with AvaTrade for traders in Sri Lanka:
•a wide range of trading instruments;
•there is a license for the provision of services on the territory of 5 continents;
•customer service operates around the clock and provides competent assistance to users in 14 languages;
•a wide choice of convenient trading platforms;
•ability to trade from mobile devices;
•availability of an account for representatives of Islam (swap-free);
•for reliable storage of customer funds, the broker uses a segregated account;
•option for automated trading using trading advisors, indicators, and other analysis tools;
•no restrictions on trade and scalping;
•availability of training materials and conducting webinars for beginners and experienced traders.
👎 Disadvantages of AvaTrade for traders in Sri Lanka:
•the site interface is not user-friendly;
•customer service efficiency and response time
•trading terminals are prone to occasionally freeze.
5
Best Bitcoin Apps in Sri Lanka - Blueberry Markets
The international Forex broker Blueberry Markets has been offering access to the financial and currency markets since 2016. It has representative offices in Australia and Vanuatu that operate under the control of ASIC (Australian Securities and Investments Commission, ABN: 49 167 260 504) and VFSC (Vanuatu Financial Services Commission, 012868). With this brokerage company, you can trade more than 300 assets including currency pairs and CFDs, join copy trading platforms, and invest in MAM accounts. Blueberry Markets offers advanced analytics, three levels of training, and a free VPS server. In 2020 and 2021, the company has been a finalist for the Best Online Client Service Award, established by the Finder website with over 1 million users.
👍 Advantages of trading with Blueberry Markets for traders in Sri Lanka:
•Regulation in two jurisdictions and availability of ASIC and VFSC licenses;
•A wide range of financial instruments to which you can attach short and long positions;
•Availability of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as access to DupliTrade;
•Possibility to trade with minimal spreads on accounts with a fee per lot;
•Free forecasts for Forex and the most popular types of CFDs;
•Leverage is up to 1:500;
•No ban on the use of different trading techniques, copying transactions, or involvement of counselors.
👎 Disadvantages of Blueberry Markets for traders in Sri Lanka:
•The minimum deposit is $100;
•The broker does not have standard bonus offers;
•Cent accounts are not available to its clients.
Best Bitcoin Trading App in Sri Lanka 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.
TeleTrade - Education for Investors
Investment Education Online
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
FxPro - Education for Investors
Investment Education Online
Information
The information in the Education Section of the broker’s website is structured in a way to provide maximum information to both novice traders and professionals. For novice traders, the website offers basic courses on fundamental and technical analyses, reviews of indicators, and articles on the psychology of trading. For professionals there are news, daily analytics on individual assets, and market dynamics.
Any trader can test the tools on a demo account.
AvaTrade - Education for Investors
Investment Education Online
Information
The broker’s website has the Training section, which contains hundreds of text and video materials. Among them, there is both a base intended for training beginners and deeper analytics for advanced training of experienced traders.
If you want a more effective training system, you should use a demo account. Putting theory into practice will help you gain a better understanding of the material and will enable you to use the acquired knowledge safely to generate income on a live account.
Blueberry Markets - Education for Investors
Investment Education Online
Educational materials on the Blueberry Markets website are located in the Learn section. They are divided into 3 levels — beginner, intermediate, and advanced. The website also contains video tutorials for traders with different trading experiences and detailed guides for working with MetaTrader terminals.
Practical application of trading theory can be achieved using a demo account. Blueberry Markets allows you to open a demo account in both MT4 and MT5.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Sri Lanka 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 Bitcoin Trading App in Sri Lanka 2024.
| TeleTrade | FxPro | KuCoin | AvaTrade | Blueberry Markets | |
|---|---|---|---|---|---|
|
Overall score |
7.63 |
8.49 |
7.23 |
7.9 |
7.15 |
|
Execution of orders |
3.21 |
8.25 |
8.9 |
8.5 |
6.95 |
|
Investment instruments |
9.3 |
8.8 |
2.06 |
6.97 |
5.56 |
|
Withdrawal speed |
7.79 |
6.5 |
9.3 |
7.2 |
8.57 |
|
Customer Support work |
8.41 |
8.9 |
8.02 |
7.9 |
5.99 |
|
Variety of instruments |
8.75 |
9.27 |
7.53 |
10 |
8.02 |
|
Trading platform |
8.29 |
9.2 |
7.54 |
6.8 |
7.78 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
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).
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.
Can a platform function less effectively in the app than in the web version?
The platforms of reliable brokers with good apps work as smoothly as the web version. Therefore, there are almost no instances when the app runs poorly and the web version runs well. That may happen only in case of technical failures, which also happen rarely if the app is good.
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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.