We found 11 online brokers that are appropriate for Trading Investment Platforms.
Back in the year 1986, 'The Economist' magazine created the Big Mac Index, which is a survey used to measure the purchasing power parity (PPP) between countries. The measuring benchmark uses the price of a 'McDonald's' burger- the'Big Mac'. This is what the Big Mac Index is based on.
Sometimes it is also called 'Burgonomics' or the 'Big Mac PPP'.
PPP is an abbreviation of 'purchasing power parity'. It is a theory within economics which states that the exchange rates move in a direction of equality, across borders and over time, in the price charged for the same bouquet of goods. In this case, the bouquet of goods is a 'Big Mac'.
The purchasing power parity theory in economics reveals that a change in the exchange rate between countries reciprocates a change in the price of the basket of goods.
It should also be understood that a basket of goods in 'Country A' could be different in 'Country B'. The goods may not be completely duplicated, like a basket of groceries in the United States may be different than a basket of groceries in Japan. But a 'Big Mac' in both countries will always remain the same, if the slight differences in the ingredients are overlooked.
According to the editors of 'The Economist' magazine, the Big Mac Index need not be taken seriously. It was not intended to gauge currency misalignment. It is, in fact, a tool that can make the theory of exchange rate more digestible.
Several websites and research firms use the Big Mac Index to track local PPP internationally, considering it as a global standard for that purpose. With the Big Mac Index, it can be seen that Germany has higher PP as compared to the cost in other countries, like: Moldova, Egypt, and Azerbaijan.
Based on the index, the British Pound lost its value against the USD by 27 percent in January 2019. The price of one Big Mac in that month was $5.58 in the U.S., and the same was priced at 3.19 pounds in the UK. The exchange rate difference was 0.78 percent, but the implied rate was 0.57 percent.
McDonald's had a presence in 119 countries in mid-2019. Hence, the Big Mac Index could not be applied between the U.S. and other such countries where there is no McDonald's outlet.
Since then, editors of 'The Economist' published an article with a note that the index is not a perfect PPP measuring instrument.
However, even though 'The Economists' insists that the Big Mac Index is not a perfect tool, most economists currently believe it to be somewhat accurate. They consider that it is a real-world indicator of local PPP, as the price of the product takes into account the cost of raw materials, local taxes, labor costs, and business premises.
The biggest challenge for economists is how to measure local PPP internationally, since a bouquet of goods in one country differs from another, in the same way that American groceries are not the same as Japanese groceries. Hence, there is always a hunt to find out the best theory for that purpose.
Luckily, in 1986, the Big Mac Index was created by 'The Economist' magazine. The concept assumes that since a 'Big Mac' in one country remains the same in another, this can be used to compare the difference in price, considering the exchange rate at a certain time.
The Big Mac Index is highly popular among economists, and they find it fairly useful in calculating the local PPP internationally. This is the reason it is also called, 'Big Mac PPP' or 'Burgonomics'.
Until some other measuring tools are created, the Big Mac Index will remain one of the best ways to understand the real valuation of currencies and the purchasing power of the people.
However, there is a drawback to using this index. It cannot be used in countries where McDonald's has no outlets.
We've collected thousands of datapoints and written a guide to help you find the best Big Mac Index for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Investment Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Investment Platforms.
Compare Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Investment Platforms that accept Investment Platforms clients
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eToro
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IC Markets
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XTB
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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SpreadEx
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Up with spreadex |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | Losses can exceed deposits | 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider 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. 79.3% 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare 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.
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We have listed top Investment Platforms below.