Many traders in Iran 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 Copy Trading App in Iran 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.
AMarkets is a broker that is more suitable for professional trading. Everything here is designed to accommodate trading with EAs and that is the broker’s strength. The weakness of the broker is that it won’t be easy for traders without experience to work here.
XBTFX provides access to a large number of CFDs on the most sought-after assets. The entry threshold is low, a demo is available, and the minimum deposit is only $10. Spreads on the Standard account are average for the market, while on ECN they are below the market average. The fee is less than that of this broker’s leading competitors. Passive income is available in all the main options, which is a big plus. The main disadvantages are that deposits and withdrawals are made only in cryptocurrencies and this broker does not disclose some trading information on its website.
TNFX is a broker for active trading and passive investing with low fees, popular trading platforms and a wide choice of Forex instruments.
Forex.ee specializes in currency pairs, thus the choice of CFDs is limited. Also, the broker is suitable for copy trading, investing in PAMM accounts, and margin and algorithmic trading.
1
Best Copy Apps in Iran - 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 Iran:
•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 Iran:
•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 Copy Apps in Iran - AMarkets
AMarkets provides a wide range of trading instruments, including Forex, stocks, commodities, and cryptocurrencies.
With average execution speeds of 35-50ms and floating spreads from 0 pips on the ECN account, it implements a low-latency environment suitable for high-frequency and scalping strategies. Leverage up to 1:3000 is available across account types. Traders can utilize advanced analytical tools like AutoChartist, Trade Analyzer, Sentiment Indicator, and a large database of EAs. The broker’s copy trading platform allows investors to seamlessly copy successful trading strategies. While offshore regulated, the broker offers additional security through a compensation fund and independent third-party audits.
AMarkets provides a robust environment for those looking for advanced trading conditions.
👍 Advantages of trading with AMarkets for traders in Iran:
•Order execution speed is 35–50 ms (average market indicator is 200–500 ms);
•Average market spreads from 0.3 pips (average market indicator is from 0.5 pips);
•Newest passive investment platform – AMarkets Copy Trading;
•A set of analytical tools, including signals, risk management tools, and algorithmic trading, is integrated into the user account;
•Compensation fund of up to EUR 20,000 per each client.
👎 Disadvantages of AMarkets for traders in Iran:
•Expert advisors with basic settings are unprofitable. Launching templates without preliminary testing is strongly not advised.
•There is no information about how the rating of managers is formed and how much can the provided statistics be trusted;
•Absence of a regulatory license. The broker is registered in Saint Vincent and the Grenadines, but there is no information about the license from a regulator. The Financial Commission does not issue licenses.
3
Best Copy Apps in Iran - XBTFX
XBTFX is a CFD and cryptocurrency broker for BTC, ETH, XRP, LTC, BNB, and other altcoins. CFDs on more than 200 assets, such as currency pairs, cryptocurrencies, stocks, indices, commodities, and precious metals are available. There is a free demo account and two live account types, namely Standard and ECN. Clients can open an Islamic swap-free account upon request. The minimum deposit is $10. Spreads on the ECN account are raw starting from 1 pips. There are no trading fees on Standard and Islamic accounts, while on ECN, the fee is $3.5 per full lot. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader are available to traders. The maximum leverage is 1:500. This broker offers good training with articles for novice traders and experienced market participants. Passive income options are a copy trading service, MAM and PAMM accounts, and a referral program.
👍 Advantages of trading with XBTFX for traders in Iran:
•This broker offers a wide pool of assets from different groups, which provides for diversifying risks and expanding profit potential;
•The demo account is free, while for trading on live account types a $10 deposit is required. Top trading platforms are available;
•This broker does not set restrictions on trading, thus scalping, hedging, use of advisors, and trading news are available;
•Traders’ costs are minimal with spreads starting from 1 pips (or from 0.01 pips on the ECN account);
•Educational materials are aimed at novice traders and experienced users;
•Several passive income options such as the copy trading service, joint accounts, and a referral program are available;
•Technical support works 24/7 and is available via call center and email.
👎 Disadvantages of XBTFX for traders in Iran:
•All trading instruments are CFDs;
•Deposits and withdrawals can be made only in cryptocurrencies, fiat currency is not available;
•This broker does not provide its services to residents of Belgium, Belarus, Russia, Iran, North Korea, Sudan, Yemen, etc.
4
Best Copy Apps in Iran - TNFX
TNFX is a brokerage company with offices in the Middle East countries, St. Vincent and the Grenadines and Seychelles, providing services all across the world. Established in 2019, the broker provides access to trading currencies, stock indices, stocks and commodities as CFDs, including with leverage. The operation of TNFX is regulated by several financial commissions. Large banks and professional market players provide liquidity. At Forex Expo Dubai 2022, TNFX was recognized as the Best ECN Broker in the Middle East.
👍 Advantages of trading with TNFX for traders in Iran:
•Narrow spreads on all account types;
•Trading on MetaTrader trading platforms;
•High leverage for major currency pairs;
•Cent and demo accounts;
•Passive income options;
•Wide selection of currency pairs;
•Negative balance protection.
👎 Disadvantages of TNFX for traders in Iran:
•Minimum initial deposit is $100, and the following deposits may start from $10;
5
Best Copy Apps in Iran - Forex.ee
Forex.ee is a Forex broker that has been operating since 2004. Since 2013, it has been using STP (Straight-Through Processing) and ECN (Electronic Communication Network) models, which allow its clients to trade in comfortable conditions without the participation of dealers, at the best prices from liquidity providers, and with a high processing speed. Forex.ee is focused on trades with currency pairs, but it also offers access to markets of stocks, cryptocurrencies, and commodities. This broker offers bonus programs, trading with leverage, and rewards for partners.
👍 Advantages of trading with Forex.ee for traders in Iran:
•Minimum deposit is $10 for cryptocurrencies, $50 for STP, and $200 for ECN accounts;
•Scalping, high-speed trading, and algorithmic trading are allowed;
•Tight market spreads on all account types;
•Possibility to trade with a $1 fee on ECN accounts;
•Leverage is up to 1:500 for currency pairs and metals;
•PAMM accounts are available;
•Access to signals from MQL4.community with compensation for the first month’s subscription.
👎 Disadvantages of Forex.ee for traders in Iran:
•No license from a reputable financial supervisory commission;
•Small choice of payment systems, especially e-wallets;
•The range of trading assets is not as rich as that of other Forex brokers.
Best Copy Trading App in Iran 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.
AMarkets - Education for Investors
Investment Education Online
There is an Education section on the AMarkets website, where you can find a brief basic course on how to start trading, how the process of making trades works and what the methods of forecasting are, as well as many other things.
You can test the knowledge you obtained by using a demo account.
XBTFX - Education for Investors
Investment Education Online
Experienced traders are well aware that practice alone is not enough for success. It is necessary to learn trading methods and life hacks. The market is constantly changing, so it is extremely important to follow the current realities. Moreover, sometimes clients with practically no experience come to brokers. For this reason, some companies offer educational programs. It can be regular FAQs on the basics of trading, or full-fledged training courses. XBTFX, like many competitive platforms, is somewhere in the middle. This broker's website has several extensive and practically useful articles for both novice traders and professionals. The same block provides expert opinions and the latest news with integrated analytics.
The main disadvantage of XBTFX’s educational system is its small volume. But the articles cover almost all the most important topics, including risk management and the psychology of trading. So even experienced market participants can find a lot of useful things here.
TNFX - Education for Investors
Investment Education Online
Education on the TNFX website is not systematized. Some materials for beginners are featured in the Articles section, and some – in the Get Started section. The website also features a library with videos, but some of them are not available, while others are not translated into English, and are only available in Arabic.
Iraq residents can participate in seminars in different cities of the country. TNFX does not hold webinars.
Forex.ee - Education for Investors
Investment Education Online
Education on the Forex.ee website is currently not available as the Knowledge Base section is under development. The basics of trading are posted in the Help & FAQs block with the main terminology being in the client agreement.
Success in trading is possible only after acquiring practical trading skills. For these purposes, a demo account is available.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Iran 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 Copy Trading App in Iran 2024.
| Pocket Option | AMarkets | XBTFX | TNFX | Forex.ee | |
|---|---|---|---|---|---|
|
Overall score |
6.87 |
7.1 |
5.92 |
6.65 |
2.77 |
|
Execution of orders |
9.52 |
8.4 |
2.77 |
4.63 |
1.35 |
|
Investment instruments |
4.29 |
5.75 |
5.55 |
4.3 |
1.06 |
|
Withdrawal speed |
9.64 |
6.57 |
9.69 |
8.63 |
4.71 |
|
Customer Support work |
4.38 |
8.07 |
5.95 |
4.82 |
2.87 |
|
Variety of instruments |
6.01 |
7.37 |
8.02 |
9.27 |
4.02 |
|
Trading platform |
7.38 |
6.44 |
3.53 |
8.23 |
2.6 |
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
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.
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.
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.
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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.