We found 11 online brokers that are appropriate for Trading Command Economy Investment Platforms.
An economy that is based on the decisions of a central government is called a command economy. In such an economy, either the central government or a collective owns both the means of production as well as the land. The economy ignores such customs that guide a traditional economy and is not based on the law of demand and supply as found in a market economy.
A command economy is gradually becoming a thing of the past. In recent times, many such economies are adding market economy aspects and are gradually becoming mixed economies. It is believed that a mixed economy is in a better position in achieving its goals.
There are basically five characteristics of a command economy and these are as briefed below:
The government of a command economy develops a central economic plan and it is usually like a five-year plan that sets social and economic goals for every sector. These short-term plans, in fact, help in converting the goals into actionable objectives.
All the resources are allocated by the central government based on the central plan. It tries to use natural resources, labor and capital in the best possible and most efficient way. The skills of people are promised to be used in their highest capacity. It looks for eliminating joblessness.
The central economic plan sets priorities for the production, and the primary goal is to provide food, housing and other basic needs to the people. National priorities such as robust economic growth or war mobilizing are also planned.
It is basically a monopoly of the central government in businesses, industries, finance etc. The domestic competition is zero in the government-controlled sectors.
The central government creates and enforces laws, regulations and directives to fulfill the economic goals. Businesses are not allowed to respond to hiring and production targets on their own.
There are both advantages and disadvantages of a command economy. Below are some significant pros and cons:
The government can easily manipulate resources in huge amounts to meet the demands of large projects without environmental regulatory issues or lawsuits.
The entire society is transformed to the vision of the central government that includes placing the workforce into new jobs following a skill assessment or nationalizing the companies.
A rapid change in a country may ignore the need of the society as a whole and it may lead to the development of a black market or other things to cope with the strategies.
The production of goods and services may not match the demand and may lead to rationing if poorly planned.
Innovation is usually seen as being discouraged and leaders are not awarded for taking risks but for following the orders of the government.
Below are some of the best examples of a command economy:
The central government of Belarus owns four-fifths of the businesses and three-fourth of the banks.
Mao Tse Tung created a communist society following World War II and enforced strictly planned economy. However, the country today is gradually moving towards a market-based economy.
Fidel Castro created a communist and planned economy in 1959. Until 1990, its economy was subsidized by the Soviet Union. However, the country has lately started incorporating market reforms.
The Iranian government holds control of the economy by 60% through state-owned businesses and uses subsidies as well as price controls to regulate the market. However, the control created recessions in the past. The country ignored such recessions and devoted its resources to the expansion of its nuclear capability. When the recessions worsened, sanctions were imposed by the United Nations. Since 2015, once the nuclear trade deal wrapped up the sanctions, the economy has improved slightly.
Muammar Gaddafi created such an economy in 1969 and it relied completely on the oil revenues. Most workforces are employed in government businesses. However, before his assassination in 2011, he tried to bring reforms and created a market-based economy.
President Kim II-Sung created a command economy following World War II. It was then said to be the most centrally-planned economy in the world. However, it was met with food shortages and malnutrition. Most resources were used in building the military.
Vladimir Lenin created a command economy in 1917. Russians embraced the radical changes as the nation suffered starvation during the First World War, Joseph Stalin built both the economy and military might after the Second World War. The USSR is considered as the longest-running such command economy. The span was from the 1930's to the late 1980's.
We have conducted extensive research and analysis on over multiple data points on Command Economy to present you with a comprehensive guide that can help you find the most suitable Command Economy. Below we shortlist what we think are the best Command Economy Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Command Economy.
Selecting a reliable and reputable online Command 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 Command Economy Investment Platforms more confidently.
Selecting the right online Command 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 Command Economy Investment Platforms trading, it's essential to compare the different options available to you. Our Command 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 Command Economy Investment Platforms broker that best suits your needs and preferences for Command Economy Investment Platforms. Our Command Economy Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Command Economy Investment Platforms.
Compare Command Economy Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Command Economy Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Command Economy Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Command Economy Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Command Economy Investment Platforms that accept Command 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 Command 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.
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We have listed top Command Economy Investment Platforms below.
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