We found 11 online brokers that are appropriate for Trading Closed Economy Investment Platforms.
An economy where no import and no export of goods and services takes place is called a closed economy. This means the economy is self-sufficient and there is no requirement of either selling the goods and services out of the country or buying goods and services from another country. The purpose of the economy is to meet all the demands of consumers domestically and within the borders of the country.
A closed economy is just a theory in today's globalized world. It is not found in reality.For a couple of decades until 1991, India was a closed economy. There were a few more countries in the recent past which followed the policy of a closed economy. However, Brazil is one such country that is closest to it with comparatively less import of goods and services.
Today, the world is dependent on technology to a great extent and hence meeting consumer demands domestically is a herculean task. It is not possible now to run a closed economy.
Below are some countries named which are near to a closed economy:
Morocco and Algeria - Apart from exports of oil, these two countries are self-sufficient and try to meet consumer demands domestically.
Ukraine and Moldova - The export sector has lately opened up. However, despite the exports to some extent, the two nations follow the policy of a closed economy.
Vietnam, Tajikistan and most of Africa - Many African countries are poor in exporting and lack the budget to import goods and services. Hence, these are considered as closed economies.
Brazil - If we overlook the imports, it can be said that Brazil is near to a closed economy.
Below is a brief discussion about how to calculate the national income in an open economy and a closed economy:
Here is the formula to calculate the national income in a closed economy:
Y = C + I + G
In the above formula, Y is for national income, C stands for total consumption, I is the total investment while G is said to be the total government expenditure.
Here is the formula in an open economy:
Y = Cd + Id + Gd divided by X
Y is for national income while Cd is for total domestic consumption in the above formula. Similarly, the Id stands for the total local services and produce while Gd is said to be the purchases of non domestic products by the goverment. The X here stands for exports of local goods and services.
It is impossible to achieve a closed economy with international trade and globalization. There is no import restriction in an open economy. However, it is true that an open economy makes a country dependent on imports and the risk of dependency is more when the imports are far more than the exports. Moreover, with high imports, the domestic company may not be able to compete with the international manufacturers. Hence, governments use subsidies, tariffs and quotas to reduce the risk of over-dependency.
The availability of resources varies in the world and it is not constant. International players try to find the best procuring place and offer the best price. The domestic players having constraints to globalize may not be able to produce the product at a discount. This discourages them to compete with foreign players. Under such circumstances, the governments provide support to them and hence can reduce dependency on imports.
There are several advantages of a closed economy and below are some significant ones:
The closed economy has some limitations as discussed below:
A complete closed economy is not possible in todays technology-dependent era even though there are some countries trying to remain as close as possible to it. It is not concluded that either economy is better. It is the responsibility of a government to keep a balance between a closed economy and an open economy.
We have conducted extensive research and analysis on over multiple data points on Closed Economy to present you with a comprehensive guide that can help you find the most suitable Closed Economy. Below we shortlist what we think are the best Closed Economy Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Closed Economy.
Selecting a reliable and reputable online Closed Economy 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 Closed Economy Investment Platforms more confidently.
Selecting the right online Closed Economy 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 Closed Economy Investment Platforms trading, it's essential to compare the different options available to you. Our Closed Economy 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 Closed Economy Investment Platforms broker that best suits your needs and preferences for Closed Economy Investment Platforms. Our Closed Economy Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Closed Economy Investment Platforms.
Compare Closed Economy Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Closed Economy Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Closed Economy Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Closed Economy Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Closed Economy Investment Platforms that accept Closed Economy Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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), 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 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 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 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | 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, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | 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. | 75-95 % 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 | 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 |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, 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 Closed Economy 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 Closed Economy Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Closed Economy Investment Platforms below.
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