We found 11 online brokers that are appropriate for Trading Virtual Money Investment Platforms.
Virtual money commonly refers to unregulated digital currency. It is available only in electronic form. It is transacted and stored using designated software, wallets, computer applications, or mobile apps over a secured internet network. Cryptocurrency is part of the virtual money group and it has an existence in the blockchain network.
Virtual money is basically an electronic representation of currency issued by developers, founding organizations or private issuers. It is controlled and managed by them. The money is termed as tokens and remains unregulated. It relies on a trust system and is not issued by any regulatory authority, bank, or government. Its value is based on mining, backing by an underlying asset, and other such mechanisms.
The term virtual money was first coined in 2012 by the European Central Bank to classify a type of this in an unregulated environment that is issued as well as controlled by developers.
Digital currency is a broader term and it includes virtual currency like cryptocurrency along with other digital format monetary assets. It can be either regulated or unregulated. In the case of regulation, it is generally dominated to a sovereign currency. It is issued by the central bank of a country in a digital form representing the FIAT currency notes.
There are basically two major types - centralized and decentralized. The first example has a central administrator like a central bank that issues and controls a regulated currency system.
In the decentralized example, there is no third party involved like repository or central administration. It follows a distribution system that authenticates the transactions.
Bitcoin, Ethereum, Litecoin and Dogecoin are some of the examples of decentralized currencies and these are based on blockchain networks that link a list of records known as blocks.
Virtual money payment is convenient, fast, and easy. It is best suited for international transactions. As it is decentralized, the currency avoids intermediaries and costs of transactions are comparatively very low.
The primary disadvantage of virtual money is that it is unregulated and hence the transactions are considered as illegal by some countries. It is easy to commit money laundering using virtual money. The currency is highly volatile. Moreover, it raises security concerns.
Bitcoin is the first virtual money. It was created in 2008 and introduced in 2009 as open-source software. In recent years a good jump has been seen in its value and currently one unit of the coin is priced at around $46,000. It is the leader in the cryptocurrency segment and the largest with respect to market capitalization.
Litecoin is virtual money and was launched in 2011 by a Google employee Charlie Lee via an open-source client.
Ethereum is a blockchain and its currency is called Ether. With respect to market capitalization, it is the second-largest in the world after Bitcoin. It was created in 2013 and launched in 2015.
Dogecoin was created as a joke in 2013 by software engineers Jackson Palmer and Billy Markus, intended as a way to come up with a unique payment system that is free from bank fees. In recent months it has jumped substantially and the current market capitalization is $5,382,875,000.
Cryptocurrency is commonly known as virtual money. It is different from digital currency issued by banks, central authorities or governments. It has no physical existence and is transacted only through mobile, computer, and other such devices over the internet. It is cheaper and it is fast. The receiver gets the money instantly irrespective of the distance, even overseas. It is free from the control of any intermediaries. It is also, however, highly volatile. Investors find virtual money to be one of the best ways to build wealth fast in a shorter period. They use the method of trying to grab the advantages of high volatility.
This is the beginning of virtual money. The new currency era has just started, only about a decade ago. A long path would be paved and it is yet to see to which extent it is embraced by the world. It is believed the global financial system could migrate towards such a concept as virtual money. However, the journey would be long, possibly even longer than what we are assuming now.
We have conducted extensive research and analysis on over multiple data points on Virtual Money to present you with a comprehensive guide that can help you find the most suitable Virtual Money. Below we shortlist what we think are the best Virtual Money Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Virtual Money.
Selecting a reliable and reputable online Virtual Money 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 Virtual Money Investment Platforms more confidently.
Selecting the right online Virtual Money 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 Virtual Money Investment Platforms trading, it's essential to compare the different options available to you. Our Virtual Money 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 Virtual Money Investment Platforms broker that best suits your needs and preferences for Virtual Money Investment Platforms. Our Virtual Money Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Virtual Money Investment Platforms.
Compare Virtual Money Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Virtual Money Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Virtual Money Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Virtual Money Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Virtual Money Investment Platforms that accept Virtual Money 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 Virtual Money 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 Virtual Money Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Virtual Money 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.
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.