Money Market Funds for 2024
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Money Market Funds Guide
Analysis by Andrew Blumer, Updated Last updated - April 23, 2024
Money Market Funds
A money market fund is a type of mutual fund investment on liquid assets, this is the reason why it is also referred to as a 'money market mutual fund'. Unlike a Money Market Account (MMA), that is run by financial institutions and insured by FDIC, money market funds are settled by an investment fund company, and therefore, are not insured. Money market fund investment focuses on highly liquid assets, like: cash, bonds, stocks, actively traded (or annually maturing) treasuries, ETFs, and so forth.
As opposed to speculative investments, money market funds are very low risk. Depending on the investment portfolio, a money market fund can actually provide you with income, but the capital appreciation is considerably low. With diverse liquid assets to invest in, interest rates would constitute the potential returns of the investment.
Money market funds are, to some extent, similar to mutual funds. The investments are basically in the near-term and are made up of highly liquid instruments, such as debt-based securities having short-term maturity, high-credit-rating, cash, and cash equivalent securities.
Most of the money market funds offer high liquidity and low risk level. Investors sometimes call them 'money market mutual funds'.
Even though money market funds seem similar to the money market account (MMA), these are investments sponsored by investment fund companies. Hence, there is no guarantee of the principal funds. The MMA, on the other hand, is a kind of interest-earning savings account that is primarily offered by financial institutions and is insured by the Federal Deposit Insurance Corporation (FDIC).
Money Market Funds and the COVID-19 Crisis
During the COVID-19 crisis, the Federal Reserve announced the Money Market Mutual Fund Liquidity Facility (MMLF) on 18 March 2020, which would lend money to banks in order to facilitate the institutions buying assets from money market funds. The step was taken to ensure the liquidity of funds amid the pandemic and lockdown situations.
How it Works
Money market funds typically issue units that can be redeemed by investors. Financial regulatory bodies, like the SEC in the U.S., issue the guidelines of those redeemable asset units. These include: commercial paper, certificates of deposit, banker's acceptances, treasuries, repurchase agreements, and so forth. Investors gain profit from their investment depending on the interest rates, which would also affect their return of investment (ROI).
Market Fund Options
There are actually different types of markets, based on: maturity, asset class, and other factors. The lowest class is the tax-exempt money fund, which includes municipal bonds and debt securities. Treasury funds are comprehensively covered in this mutual fund investment, including: bonds, notes, and bills. Next, we have the government money fund, which includes super liquid assets, including cash and government securities. At the top of the market funds is prime money funds, which include commercial papers and floating-rate debt issued by the government and corporations.
Accessibility
Market fund investment is actually accessible depending on the issuers/initiators. Even though some big market funds speak for millions of dollars, there are actually retail market funds with low minimum investment that allow more individual investors to participate. These make money market funds accessible for all ranges of investors.
Superb Features
There are at least two superb features of a money market fund that you should consider. First, money market funds focus on managing $1 NAV (net asset value), which demands that initiators or fund managers pay investors with regular income, which also contributes to high accountability. Second, money market fund investment is fully regulated by financial regulatory bodies, like the SEC, which govern the maturity period, debt instruments to invest, investment limit per issuer, and other guidelines. That is why a money market fund, even though it doesn't provide you with massive returns, is the safest investment portfolio.
Money Market Fund Pros
A money market fund is a low-risk mutual fund investment with low ROI. It focuses on highly liquid, secure assets and small quantities of investments that put investors at very low-risk. Even though it secures much lower returns than comparable speculative investments, the rates are higher than those of your bank account.
Money Market Fund Cons
There are some downsides of money market fund investment that typically appear on most other 'safe' investments as well. Since it focuses on a small amount of investment on highly liquid assets, there would be no significant capital appreciation. While it is generally low-risk, just like other mutual funds, money market funds are vulnerable to the interest rate. Since it targets liquid assets, monetary policy change would affect money market fund performance.
Money Market Funds - Key Highlights
- Money market funds are similar to mutual funds. The investments are done in short-term debt and high-quality instruments, like cash and cash equivalents.
- The money market funds are not as safe as cash, but are still considered to be low-risk investments.
- Income is guaranteed here.
- It is better to use the money market funds to hold money temporarily, and not a good fit for long-term investments.
Money Market Funds - Explained
Money market funds issue redeemable units with guidelines drafted by the SEC or other financial regulators. Some related, debt-based financial instruments are listed below.
- Bankers' Acceptances - The commercial bank guarantees short-term debt.
- Certificates of Deposit - These come with short-term maturity, and are bank-based savings certificates.
- Commercial Paper - These are short-term corporate debt instruments, but are unsecured.
- Repurchase Agreements - These are government securities, and are of a short-term nature.
- U.S. Treasuries - These are short-term, government debt issues.
The returns of money market funds depend on the market interest rates.
Money Market Funds - Types
There are various money market funds types and these are listed below.
Prime Money Fund
The investments are made in commercial paper of non-Treasury and floating-rate debt assets, issued by government-sponsored enterprises, U.S. government agencies, and corporations.
Government Money Fund
Almost all the government money fund is invested in cash, repurchase agreements, and government securities.
Treasury Fund
It invests in the U.S. Treasury-issued debt securities, like: Treasury notes, Treasury bonds, and Treasury bills.
Tax-Exempt Money Fund
The earnings of this fund are not taxed under the U.S. Federal Income Tax.
Money Market Funds - Pros and Cons
The funds compete against enhanced cash funds, ultra-short bond funds, money market accounts, and other such investment options that focus on higher returns and ensure providing a safe avenue for investors.
The primary advantages are:
- Extremely low-risk
- Highly liquid
- Offer better returns compared to bank accounts
The negative sides of money market funds include:
- Not insured by FDIC
- No capital appreciation
- Directly reciprocated by monetary policy and interest rate fluctuations
Money Market Funds - Current Phase
Money market funds today are an important pillar of the current capital markets, as investors get professionally-managed and diversified portfolios equipped with good daily liquidity.
Many use the funds to park cash for a short period, unlike other options for investing.
The Winthrop Capital Management study of 2012 reveals the return effectively dropped from 4.78 percent to 0 percent between 2007 and 2011, even though the net assets of the Federated Prime Money Market Fund rose from $95.7 billion to $204.1 billion during the same period.
Moreover, during the global economic crisis in 2008, most investors parked their money in money market funds, considering them to be a safe haven.
Money Market Fund Practices and Future
A money market fund is an attractive investment for many investors. Not only does this mutual fund offer a fully managed portfolio, but money market funds also cater to most liquid assets. In this way, investors can diversify their portfolios and temporarily, yet, measurably place their cash in a so-called 'safe mechanism', before investing them in other instruments.
Diversification isn't only found in nature, but also in the best practices of money market funds. These instruments have interest rates that constitute your investment portfolio, and therefore, determine your returns. If you want to safely invest your cash before using it for funding other investments, a money market fund could be a considerable option for you.
Remember, money market funds won't provide you with a high return on your investment. This is because the interest rates of the assets and instruments are subject to monetary policies that are driven by particular financial events. The last global crisis has led to the migration of funds that sustain the low interest rates of money market funds. The returns are generally low, but still higher than your bank account will provide. In fact, it could be a slightly productive solution in which to park your cash.
A money market fund isn't always practically mutual, depending on the investors. It becomes a mutual fund investment as the investors prefer to delegate their portfolio management to money market fund companies. However, some experienced investors may prefer investing in diverse, highly liquid assets on their own. You can basically withdraw your fund at anytime, but the company may limit how many you can withdraw at any particular time.
Money Market Funds - Verdict
Those who are familiar with mutual funds can understand money market funds, and how they are a sanctuary for holding money temporarily. These offer high liquidity and are on a low-risk level.
Certificates of Deposit, commercial paper, U.S. Treasuries, and repurchase agreements are some examples of money market funds. The various types include: prime money fund, government money fund, Treasury fund, and tax-exempt money fund.
However, it should be kept in mind that the funds are not insured by the FDIC, and there is no capital appreciation.
We have conducted extensive research and analysis on over multiple data points on Money Market Funds to present you with a comprehensive guide that can help you find the most suitable Money Market Funds. Below we shortlist what we think are the best Online Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Money Market Funds.
Reputable Money Market Funds Checklist
Selecting a reliable and reputable online Online 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 Online Investment Platforms more confidently.
Selecting the right online Online Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Online Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Online Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Online Investment Platforms broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Online Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Online Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Online Investment Platforms broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Online Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Online Investment Platforms trading, it's essential to compare the different options available to you. Our Online Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Online Investment Platforms broker.
- The funding methods available for Online Investment Platforms with each broker.
- The types of instruments you can trade with each Online Investment Platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Online Investment Platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Online Investment Platforms broker affects the cost of trading.
- The level of customer support each Online Investment Platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Online Investment Platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Online Investment Platforms broker that best suits your needs and preferences for Online Investment Platforms. Our Online Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Online Investment Platforms of 2024 compared
Here are the top Online Investment Platforms.
Compare Online Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Online Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Online Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Online Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Online Investment Platforms that accept Online Investment Platforms clients.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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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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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
| 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 |
All Online Investment Platforms in more detail
You can compare Online 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 Online Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Online Investment Platforms below.
Money Market Funds Table of Contents
- Money Market Funds Explained
- 6 Factors to Consider when Choosing Money Market Funds
- Are Your Money Market Funds Trusted And Established?
- Are The Money Market Funds World Leading?
- What are the Money Market Funds Commissions and Fees?
- What are the Money Market Funds Funding and Withdrawl Methods?
- Find Money Market Funds with Round-the-clock support?
- Make sure the Money Market Funds Offer Comprehensive Trader resources?
- Why Money Market Funds needs to be regulated?
- Money Market Funds FAQ
- What are the best Online Investment Platforms brokers?
- What is the best Online Investment Platform broker?
- Related Money Market Funds Reviews
- Related Money Market Funds Alternatives
- Related Money Market Funds Comparisons
Money Market Funds Explained
Trading volatile financial markets with Money Market Funds can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Money Market Funds to ensure a successful trading experience.
Selecting Money Market Funds at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Money Market Funds markets effectively.
Reliability is key to gaining access to financial markets. Look for Money Market Funds that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Money Market Funds confidently.
6 Factors to Consider when Choosing Money Market Funds
Follow these five rules for selecting Money Market Funds that are right for you:
Are Your Money Market Funds Trusted And Established?
Search for a reputable Money Market Funds with a extensive proven track record for Money Market Funds, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Money Market Funds broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
|
Pepperstone
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AvaTrade
|
FP Markets
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| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| 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) |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| 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 |
Are The Money Market Funds World Leading?
Opt for Money Market Funds that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Money Market Funds is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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| Instruments Available | 2250 | 100 | 5000 | 5600 | 1000 | 1200 | 1250 | 290 |
| 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 |
| 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, 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, MG, MK, MO, UA, JO, KR, | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | 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 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Money Market Funds Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Money Market Funds broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Money Market Funds broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 5 | 200 | 100 | 100 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the Money Market Funds Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Money Market Funds. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Money Market Funds.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Money Market Funds with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Money Market Funds.
Money Market Funds customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Money Market Funds can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| 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 |
Make sure the Money Market Funds Offer Comprehensive Trader resources?
It's important to ensure your Money Market Funds provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Money Market Funds. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Money Market Funds.
Why Money Market Funds needs to be regulated?
Regulated Money Market Funds lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Money Market Funds.
Consumers are protected by Money Market Funds regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Money Market Funds is necessary to prevent fraud. The Money Market Funds working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Money Market Funds is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Money Market Funds List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits