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 Paper Trading App in Cyprus for 2025, based on our assessments.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
Revolut provides its clients access to shares of international and American companies, cryptocurrencies, and metals. For investors, Revolut offers a social trading program. Revolut's copy trading platform is trendy among investors because it has a forum for traders to communicate with each other in real-time. Also, various charts and indicators are available in the Revolut trading platform for technical analysis. Revolut is a company actively developing and plans to make all of its services available to foreign citizens. Fractional share trading offered by the broker allows beginners to learn trading without high financial risks.
E-Trade specializes in e-trading and is primarily focused on working with the American stock market.
The ChoiceTrade broker is aimed at cooperating with users who already have experience in trading on Forex and other exchanges and does not offer the most favorable conditions for beginners. The company is agog to cooperate with clients from any country, there are no restrictions on trading opportunities or opening accounts.
Davy Select is a broker for experienced traders from the EU who want to expand their investment opportunities and trade not only the UK and Irish securities, but also assets listed on world exchanges.
1
Best Paper Apps in Cyprus - eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders in Cyprus:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders in Cyprus:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
Best Paper Apps in Cyprus - Revolut
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
👍 Advantages of trading with Revolut for traders in Cyprus:
•In addition to stock trades, customers can trade cryptocurrencies and precious metals.
•The broker offers commission-free trading plans.
•The minimum number of shares to buy is 0.00000001.
•There are no minimum deposit requirements.
•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.
•Communication with the support service via chat is available in the mobile application 24 hours a day.
•There is no fee for opening and maintaining a trading account.
👎 Disadvantages of Revolut for traders in Cyprus:
•Stock trading is currently only available to UK residents.
•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.
•The company does not offer fiduciary management of its investment portfolio.
3
Best Paper Apps in Cyprus - ETrade
The Etrade broker is a subsidiary of Morgan Stanley, the financial conglomerate, which has been operating since 1982. Today, E*TRADE is the leading online platform for financial instruments trading on the world's major exchanges. It offers operations with stocks, options, futures, bonds, ETFs, as well as investments in mutual funds. The broker is a member of FINRA (CRD#: 29106/SEC#: 8-44112), SIPC, NFA (0401545), and the FDIC, and provides services according to its license with the SEC, the US Securities and Exchange Commission.
👍 Advantages of trading with ETrade for traders in Cyprus:
•Fully adaptable to e-commerce through its mobile applications.
•No commissions when working with stock options on American exchanges.
•Twenty-four/seven customer support via online chat.
👎 Disadvantages of ETrade for traders in Cyprus:
•The Forex market tools are not available for trading.
•Training is provided in English only,
•Leverage is limited and cannot exceed 50% of the trader's personal funds.
•You cannot open a demo account to test the broker's conditions.
•There is no support, the website is only in English.
4
Best Paper Apps in Cyprus - ChoiceTrade
ChoiceTrade is a stockbroker that began providing services in 2000 and has steadily introduced ground-breaking technologies into its work. ChoiceTrade is aimed at working with investors who value order execution speed, a minimalistic approach to trading, and reliability. The broker is regulated by two bodies: FINRA (CRD#: 104021/SEC#: 8-52511) and SIPC. The latter regulator guarantees clients financial payments in case of unforeseen circumstances.
👍 Advantages of trading with ChoiceTrade for traders in Cyprus:
•A vast array of trading accounts for clients with different needs.
•The broker sets the lowest fees for users, regardless of the type of account.
•The broker is focused on cooperation with clients from different countries, the site interface is presented in more than 30 languages.
•Clients' financial assets are protected up to $500,000 by an independent regulatory body.
•Lightning-quick speed of order execution.
👎 Disadvantages of ChoiceTrade for traders in Cyprus:
•The minimum deposit is $100, which is not always within the power of novice traders.
•The broker does not provide clients with training materials for development in the field of trading and investments.
•The company offers only two ways to replenish a trading account and withdraw earned funds; there are no electronic payment systems.
5
Best Paper Apps in Cyprus - Davy Select
Davy Select is an Irish brokerage company that has been providing access to the stock market since 1926. It is registered in Dublin and regulated by the Central Bank of Ireland, but also has offices in Belfast, Cork, and Galway. Davy Select’s representative office in the UK operates under FCA (172140) control and in Luxembourg under a CSSF license. The broker is a member of the London Stock Exchange and Euronext Dublin. In October 2012 a platform for online securities trading and retirement savings was launched. It allowed EU residents to invest in stocks, bonds, options, and ETFs in more than 30 international markets.
👍 Advantages of trading with Davy Select for traders in Cyprus:
•High level of security. The broker is regulated by the Central Bank of Ireland and client funds are kept in segregated accounts with major European banks.
•Participation in the FSCS scheme according to which each Davy Select investor in case of bankruptcy of the broker is paid £85,000.
•Availability of ready-made portfolio solutions with different risk levels for inexperienced investors who want to receive passive income.
•Opportunity for Europeans to invest in international securities, including US, Canadian and Australian equities, and ETFs.
•Convenient web platform with many tools for research and market analysis.
•No deposit or trading terminal fees.
•Fully digital account opening and verification procedure.
👎 Disadvantages of Davy Select for traders in Cyprus:
•Suboptimal trading conditions for beginners. The deposit starts from €500, the minimum broker's commission is €14.99.
•Cooperation only with the residents of Ireland, Great Britain, and the European Union.
•On the website, there is no online chat, news, analytics, or qualitative and detailed training.
Best Paper Trading App in Cyprus 2025: 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.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
Revolut - Education for Investors
Investment Education Online
Revolut doesn't offer training programs on the basics of stock trading. But the company's site has a blog section, which contains articles and videos with investment tips from Revolut experts and a description of the nuances of stock trading.
The information presented in the Blog section can be useful not only for beginners but also for professional investors.
ETrade - Education for Investors
Investment Education Online
The broker offers a library on the site to introduce the basics of stock trading to novice traders. It provides reviews, analytics, news, expert opinions, and useful tips to improve your trading efficiency.
The broker doesn’t have a demo account, but the knowledge gained academically can only be applied in practice using real assets.
ChoiceTrade - Education for Investors
Investment Education Online
The ChoiceTrade company focuses on the development of trading platforms and favorable working conditions for traders and investors. Training materials are not provided by the broker. Answers to the most popular questions among customers can be found in the Support section, and in the FAQs subsection. The broker also enables users to conduct financial research.
ChoiceTrade does not offer its clients a demo account, which would allow them to apply various trading strategies and test their knowledge of trading without financial risks. Transactions can be made exclusively on live trading accounts.
Davy Select - Education for Investors
Investment Education Online
Teaching materials on Davy Select's site are not separated into a separate block, so to find useful information traders review all sections. The most informative section in terms of education is Guides & Tools.
The training presented on the company's website is not enough for an in-depth study of trading on the stock market.
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 Paper Trading App in Cyprus 2025.
| eToro | Revolut | ETrade | ChoiceTrade | Davy Select | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.5 |
8.3 |
7.7 |
5.8 |
|
Execution of orders |
9.1 |
9.2 |
8 |
7.4 |
5.59 |
|
Investment instruments |
9.7 |
9.8 |
8.6 |
8 |
6.01 |
|
Withdrawal speed |
9.5 |
9.6 |
8.4 |
7.8 |
5.65 |
|
Customer Support work |
9.3 |
9.4 |
8.2 |
7.6 |
5.95 |
|
Variety of instruments |
9 |
9.1 |
7.9 |
7.3 |
5.43 |
|
Trading platform |
9.8 |
9.9 |
8.7 |
8.1 |
6.17 |
|
|
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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.
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.
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.
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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.