We found 11 online brokers that are appropriate for Trading Digital Currency Romania Investment Platforms.
Romania hosts a number of major crypto exchanges and citizens of the country are able to purchase their own digital currencies. Compared to other countries in the Eurozone, Romania has a less comprehensive regulatory framework for cryptocurrencies. These private digital currencies are not issued by recognised financial institutions and the government has found some difficulties in regulating cryptocurrencies and crypto exchanges.
Cryptocurrencies are recognised as moveable goods instead of legal tender in Romania. More than 12% of Romanians hold digital currencies, which is among the highest figure in the world. Owning cryptocurrency itself is not taxable, but your gains from holding or trading them as a Romanian citizen is subject to a personal income tax of 10%. Businesses, including crypto exchanges and companies, can use digital currencies for their operations.
The Romanian government, through its central bank, has issued warnings to citizens who invest in cryptocurrencies. The digital assets are speculative and possess a high-risk nature, especially as bank involvement is discouraged. Some banks even close the accounts of crypto exchanges, making them shut down their operations in Romania. The fact that the Romanian crypto scheme is not yet well-regulated is known by the government. This type of condition has generated much uncertainty for exchanges and retail investors within the country.
Steps taken by the Romanian government have driven further confusion and uncertainties about the country's crypto sector. In fact, warnings issued by the government are often from a regional perspective rather than that of the country's.
While the legal framework is absent in Romania, it remains intriguing to wonder whether the Romanian government will take on cryptocurrencies as legal tender with its own CBDC. BNR in fact has a clear standpoint on this, believing that it is very important to differentiate cryptocurrencies from blockchain technology. The central bank argues that cryptocurrencies, even Bitcoin, will never be able to replace fiat currencies. It has been emphasised that it is possible for the central bank to issue digital currencies or a CBDC in the future.
Although the Romanian government neglects cryptocurrencies it nevertheless still shows respect for blockchain technology. While cryptocurrencies are fully decentralised, CBDCs are issued and controlled by a central bank, wishing to use blockchain technology to support centralisation. However, it is not yet clear whether the Romanian central bank will explore the concept of implementing CBDC any further.
While we rarely see developments for Romanian initiatives of a central bank digital currency, many are surprised by the country's native, non-official cryptocurrencies. Despite uncertainties with the crypto sector, the Romanian cryptocurrency, Elrond, has successfully grabbed investors' attention with a wider acceptance and massive growth throughout the country. Even Romanian universities allow their students to pay for tuition fees with the digital currency. The market capitalisation of this Romanian native cryptocurrency surpassed 3 billion USD in Q1 of 2021. The digital currency is believed to be more efficient than major cryptocurrencies.
This Romanian cryptocurrency was launched during the outbreak of COVID in early Q3 2020. Despite warnings, citizens and companies began to confidently invest in Elrond. Doubling its value in the extended global outbreak, Elrond was titled as one of the most valuable cryptocurrencies in the market. Even though it is not a BNR or government-issued cryptocurrency, it informs us about the new developments and changes to the crypto scheme within the country.
The global pandemic shifted how Romanians make payments, and it also played a key role in the wider acceptance of Elrond. Not only were they holding it, but Romanians were also using cryptocurrency to buy goods. Along with other cryptocurrencies, Elrond has been endorsed by several public figures which has now effectively inspired the country's retail crypto investors. Much of this has dampened previous warning issues by the government.
Indeed, cryptocurrencies have generally volatile markets, but it is also obvious that such major cryptocurrencies, or Elrond itself, has reached an all-time high in value and proliferation. This leaves the Romanian government with a limited number of options as to whether they should set up a proper regulation system for cryptocurrencies or issuing a central bank digital currency. Many central banks are currently exploring the idea of a CBDC even though the Sand Dollar of The Bahamas remains the first and only example to exist.
Cryptocurrencies grabbed global attention following the COVID-19 outbreak. Crypto exchanges received millions of new users as people were forced to work from home. From here, many have now learned about how they can reserve their wealth in the form of digital assets. While Romania was not experiencing extreme devaluation of its own currency, the government's EU-inspired approach was heavily outdated and even contributed to a further increase in fame for cryptocurrencies within the country. Since crypto ownership rate is one of the highest in the world, the Romanian government may wish to look again at its approach toward the crypto sector.
In 2020, there were several CBDC working groups formed to explore the feasibility of a central bank digital currency for a number of countries and regions. When referring to the reports, it is clear that the CBDC remains a challenge to implement, even for developed countries. With no further Romanian involvement in the CBDC initiative, the government is left with one obvious option: regulating cryptocurrency schemes within the country itself.
We have conducted extensive research and analysis on over multiple data points on Digital Currency Romania to present you with a comprehensive guide that can help you find the most suitable Digital Currency Romania. Below we shortlist what we think are the best Digital Currency Romania Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Digital Currency Romania.
Selecting a reliable and reputable online Digital Currency Romania 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 Digital Currency Romania Investment Platforms more confidently.
Selecting the right online Digital Currency Romania 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 Digital Currency Romania Investment Platforms trading, it's essential to compare the different options available to you. Our Digital Currency Romania 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 Digital Currency Romania Investment Platforms broker that best suits your needs and preferences for Digital Currency Romania Investment Platforms. Our Digital Currency Romania Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Digital Currency Romania Investment Platforms.
Compare Digital Currency Romania Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Digital Currency Romania Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Digital Currency Romania Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Digital Currency Romania Investment Platforms. Learn more about what they offer below.
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Broker | IC Markets | eToro | XTB | Pepperstone | AvaTrade | EasyMarkets | SpreadEx | FXPro | Plus500 | Admiral | webull |
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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 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 | 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) | 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) FSA, 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, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) |
Min Deposit | 200 | 100 | No minimum deposit | 200 | 100 | 100 | 1 | 100 | 100 | 200 | 50 |
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Used By | 180,000+ | 30,000,000+ | 1,000,000+ | 400,000+ | 300,000+ | 142,500+ | 10,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 5,000+ |
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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, 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, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with webull |
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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | 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 | 82% 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. | Losses can exceed deposits | Your capital is at risk |
Demo |
IC Markets Demo |
eToro Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
Webull 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 | 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, 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 | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX |
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We have listed top Digital Currency Romania 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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