We found 11 online brokers that are appropriate for Trading Austria Investment Platforms.
Austria is a landlocked country in Europe with a diversified economy. In 2020, Austria's GDP was worth $428 billion (US dollar) despite the economic damage done by COVID-19. With such a massive gross domestic product (GDP), Austria is considered a strong and stable economy in all of Europe. The economic success of the country is based on export-oriented small & medium enterprises, quality education, and big spending on R&D (research & development).
This year and the next one, both private and public consumption will increase which is a piece of good news for the domestic economy. As for the households, a recovering labor market and increased wages will help too.
The year 2020 was not so great for the Austrian economy as COVID-19 forced the government to announce lockdown measures. Economic activity faced a decline as people were forced to follow social distancing rules & non-essential business had to close As a result, the economy experienced a setback instead of positive growth. IMF data shows that the Austrian economy contracted by -6.6% in 2020. However, this negative growth will be most likely a one-off event as the IMF forecast suggests a GDP growth of 3.5% in 2024.
In 2024, GDP growth may reach 4% as long as COVID-19 remains under along with positive economic indicators. Of course, global growth recovery and global trade will be important too.
No one can deny the adverse health effects of COVID-19 on humans. However, no one could anticipate the devastating effects of a mere virus on the world economy. The pandemic negatively affected the Austrian economy and resulted in a significant rise in public debt. The year 2020 was the first year of pandemic and as such, increased the public debt of Austria to 85.2% of GDP. IMF forecast points toward a further rise in public debt and see it reaching 87.2% in 2024. The public debt will only start to decline in 2024 and will be around 85.7% by the end of 2024.
The difference between public spending and public earning also increased as the public deficit touched -8.3% in 2020. In 2024 and 2025, the public deficit will be -4.8% and -2.7%.
The inflation rate has never been a problem for Austria since it started using Euro. The average inflation rate in the country is around 1.8% (according to IMF). In 2020, the inflation rate dropped to 1.4%. Recent forecast from International Monetary Fund (IMF) highlights a slight increase in the inflation rate in 2024. In 2024, inflation will rise from 1.6% (2021 forecast) to 1.8% thus reaching pre-pandemic levels.
Before the pandemic, the country was already following various policies to increase diversification in various fields such as green energy, digital economy, and so on. To tackle the COVID-19, the government was quick to come up with new stimulus measures. The new stimulus package was worth more than 19 billion Euro which amounts to 4.7% of GDP.
Of all the countries in the Euro area and Eurozone, Austria is among those with the lowest unemployment rate. However, a recent IMF outlook shows a different picture as the unemployment rate stands at 5.3% (2020) showing a significant gain from 4.5% in 2019. Once again, this rise was due to the COVID-19 as non-essential businesses were closed during the lockdown measures. As a result, they had to let go of their workforce.
International Monetary Fund (IMF) forecast tells us that unemployment will notice an uptick in 2024 and reach 5.5%. In 2024, things will improve as businesses start hiring and global trade which will ultimately drop the unemployment rate to 5.0.
From 2019 to 2020, Austria's GDP saw a decline of -$16.51 billion (US dollars). In 2021, GDP will reach $481 billion according to IMF. If the world returns to normal and herd immunity is achieved, then GDP will reach $514.96 in 2024.
As for GDP growth(%), IMF forecast numbers are as follow: 2022 (3.5%) and 2024 (4.0%).
Government gross debt will rise to 87.2% in 2024 and then drop down to 85.7% in 2024.
The inflation rate will remain stable with only a minor increase in 2021. The inflation forecast for 2024 and 2025 is 1.6% and 1.8%, respecitvely.
No positive change is seen in the labor market for the next 2 years. So, unemployment will remain constant with only minor fluctuations.
Since Austria put a lot of effort as well as funds towards education, most of the workers are highly skilled. Maybe that's one of the reasons why the agriculture sector only accounts for 1.1% of GDP. Highly educated people usually prefer to work in cities and that can be seen in the case of Austria too. Around 3.5% of the population work in the agriculture sector.
Most farmers in the country have shifted their focus towards organic farming. In this type of farming, no harmful pesticides or fertilizers are used on crops, fruits, and vegetables. Instead, naturally occurring substances are used in the whole process. Organic farming is getting famous and has already become a market worth billions of dollars. Around 25% of lands in the country are dedicated to organic farming.
The services sector is the dominant segment of the economy as it accounts for 62.8% of GDP. After that, comes the industrial sector which contributes 25.5% of GDP.
We have conducted extensive research and analysis on over multiple data points on Austria Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Austria Economic Forecast. Below we shortlist what we think are the best Austria Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Austria Economic Forecast.
Selecting a reliable and reputable online Austria Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Austria Investment Platforms more confidently.
Selecting the right online Austria Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Austria Investment Platforms trading, it's essential to compare the different options available to you. Our Austria Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Austria Investment Platforms broker that best suits your needs and preferences for Austria Investment Platforms. Our Austria Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Austria Investment Platforms.
Compare Austria Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Austria Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Austria Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Austria Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Austria Investment Platforms that accept Austria Investment Platforms clients.
Broker | IC Markets | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Austria Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Austria Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Austria Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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