We found 11 online brokers that are appropriate for Trading Digital Currency Hungary Investment Platforms.
The Central Bank of Hungary, the Magyar Nemzeti Bank, has issued a new ecosystem for the use of instant payments. If you have researched the CBDC, you will know that central banks must settle robust payment systems in order to implement digital currencies. You may therefore wonder whether there might be a digital Hungarian Forint at some point in the future.
CBDC refers to the employment of blockchain technology by a central bank, and the Hungarian National Bank argues that such technology may be an option to use over those that revolutionised the entire financial system. From the HNB's perspective there will be some role for blockchain technology in the Hungarian economy, but it is not particularly special according to the chief of digital at the HNB, Aniko Szombati.
From their perspective the employment of blockchain is pragmatic. It means that blockchain can be employed by one central bank in a particular area where it can effectively contribute to the nation's finances. Because of this, blockchain may become an eligible option for retail payment, but it will not be the only one. This also explains the formation of a CBDC working group at the national and regional level.
However, the HNB also believes that technological changes inevitable in the future could change the role of the central bank. The HNB believes that CBDC issuance will occur in the near future. Central banks and governments need to work very hard to develop robust standards for the industry, including those that relate to technical and prudential aspects.
Hungary believes that CBDC implementation is not necessarily feasible via blockchain technology. While there is much research being conducted on CBDC, there will be other technologies in the future that could be better options to use over blockchain. Until now, there has not a prominent discussion about the implementation of a digital Hungarian Forint through such technologies.
COVID-19 drove the Central Bank of Hungary to provide an instant payment system that is inclusive to all complying payment service providers. The new ecosystem, even though it was shaped by temporary demands during the pandemic, will likely be a Hungarian instant payment standard in the future, which is the ultimate goal of the central bank. Just like most countries in Europe, Hungary also experienced increasing demand for instant payment platforms that could host millions of transactions during a financial crisis.
Despite the inclusiveness and optimism towards such instant payment systems, the central bank of Hungary actually applied stricter measures in consideration of the fact that there are numerous foreign-owned banks in the country's banking sector. The central bank embraced stricter infrastructure protocols in order to extend RTGS opening hours. These measures were applied to avoid complete renewal of the system for the central bank.
Such strict control requires banks to comply with a set of protocols, including proceeding with credit transfers below HUF 10 million within five seconds. However, the central bank provides full support for this compliance, including centralised communication strategies, a resourceful website, workshops, and other guidelines. The system has become more complicated but banks now possess all the necessary resources and support to meet the new standard of payment processing.
The more robust and instant payment standards has seen the Hungarian central bank take measures to deal with such a shift. Hungarian consumers were formerly using cash to pay for their goods and services. The outbreak drove them to convert to using an instant payment system by verifying their email address or mobile phone numbers. The responsiveness of the central bank to develop such a new infrastructure allowed consumers to obtain benefits from instant payment systems.
Following on from this new ecosystem of instant payment systems, consumers can now enjoy improved banking mobile applications developed by banks in Hungary. Some features that support instant payment are now accessible through different mobile applications, including QR codes, payment request notifications, proxy services, and so forth. While it has successfully delivered real advantages to consumers, the new payment system has promising potential as an established payment system in Hungary.
There's no sign of a Hungarian digital currency yet, especially with the fact that the central bank has not formed a CBDC working group or joined one at the regional level. Despite the creation of an instant payment system, the central bank of Hungary has tripled the country's gold reserves. China, which is pursuing a digital Yuan, receives $3.5 billion worth of gold per month. More than 60 countries are exploring the CBDC idea through their central banks, so it is not unreasonable to argue that Hungary may be one of them.
The Sand Dollar is the first CBDC in the world, launched by The Bahamas, a country with the highest CBDC maturity rate. They are followed by Cambodia, China, Ukraine, Uruguay, Eastern Caribbean, Sweden, South Korea, and Turkey. More and more working groups are now being formed in diverse regions, including MENA, Latin American, Europe, and Asia. Some countries, such as the UAE and Saudi Arabia, have even completed CBDC trials through pilot projects, despite not being in the top-10 countries mature enough for CBDC implementation.
We've collected thousands of datapoints and written a guide to help you find the best Digital Currency Hungary for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best Digital Currency Hungary Investment Platforms below.
There are a number of important factors to consider when picking an online Digital Currency Hungary 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 Digital Currency Hungary Investment Platforms.
Compare Digital Currency Hungary Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Digital Currency Hungary Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Digital Currency Hungary Investment Platforms that accept Digital Currency Hungary Investment Platforms clients
Broker |
eToro
![]() |
IC Markets
![]() |
AvaTrade
![]() |
XTB
![]() |
Pepperstone
![]() |
Plus500
![]() |
EasyMarkets
![]() |
FXPro
![]() |
SpreadEx
![]() |
Admiral
![]() |
Trade.com
![]() |
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) | Central Bank of Ireland, 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) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | 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 | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | 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), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 10 | 200 | 100 | No minimum deposit | 200 | 100 | 100 | 100 | 1 | 200 | 1 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 27,000,000+ | 180,000+ | 300,000+ | 250,000+ | 89,000+ | 15,500+ | 142,500+ | 1,866,000+ | 10,000+ | 10,000+ | 10,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with plus500 |
Sign
Up with easymarkets |
Sign
Up with fxpro |
Sign
Up with spreadex |
Sign
Up with admiralmarkets |
Sign
Up with tradecom |
Risk Warning | 78% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% 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 | 74% 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. | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
Demo |
eToro Demo |
IC Markets Demo |
AvaTrade Demo |
XTB Demo |
Pepperstone Demo |
Plus500 Demo |
easyMarkets Demo |
FxPro Demo |
SpreadEx Demo |
Admiral Markets Demo |
Trade.com Demo |
Excluded Countries | 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | 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, CA, IR | US, TR | US, CA, JP, SG, MY, JM, IR, TR | AU, BE, CA, CN, Crimea region, CY, CU, of CG, ER, HK, GW, IQ, IR, JP, IL, LY, NZ, CY, KR, PR, SG, SO, SD, SYn Arab, TR, US, VI, US |
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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
You can compare Digital Currency Hungary 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 Digital Currency Hungary Investment Platforms for 2022 article further below. You can see it now by clicking here
We have listed top Digital Currency Hungary 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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.