We found 11 online brokers that are appropriate for Trading Electronic Money Investment Platforms.
Electronic money is used to describe money stored in electronic format which can be used to facilitate electronic transactions. The value of electronic money is backed or supported by fiat money. That is why it is easy to exchange it for legal tender. Having said that, electronic money has found solace in the world of electronic transactions due to the technology's convenience.
The increasing use of electronic money has brought about a reduction on the sole reliance on physical money for doing business. Some companies even prefer electronic money transactions.
The adoption of electronic money as a means of doing transactions globally has become a norm today. Some people still confuse electronic money with cryptocurrencies. They are not the same. The major difference between them is that you can exchange electronic money for fiat money, but you cannot do that with cryptocurrencies.
Electronic money is mostly utilized via electronic banking systems and tracked via electronic processes. Since only a minute proportion of the currency is used physically, a bigger percentage is stored in bank vaults. They have the central banks' backing as well.
As a result, the basic responsibility of the US Federal Reserve and the 12 supporting banks, is to ensure that fiat money is properly managed in its physical form, controlling the supply of money via monetary policies accompanied with open market operations.
The storage of electronic money can be in different places. Most individuals and businesses save their money with several banks that offer an electronic record for cash deposited. But prepaid cards and digital wallets such as Square and PayPal let users deposit fiat currency in exchange for electronic money. Companies like that earn their profit by charging their users a specific amount for every withdrawal made or every conversion made from electronic money to fiat money.
A lot of people process electronic transactions in diverse ways. This comprises paychecks via direct deposits, transferring money between accounts or handling expenses with debit cards or credit cards.
Although the advantage of using physical money cannot be overridden in specific situations, it is no longer as popular as before. It is now possible for people to do without physical money in their hands. Many businesses and consumers assume electronic money to be more convenient and secure since it is impossible to misplace it, and it is now gaining wide acceptance by merchants all over the country.
The financial market in America has set up a robust system for electronic money transactions which is facilitated via payment processing solutions like MasterCard and Visa cards. Financial institutions and banks now work in synergy with e-money payment processors to offer their customers branded network cards that ensure that merchants get their money from their customers' bank accounts. E-commerce is another common place for electronic money transactions. It has made it easy for people to shop for their favorite items and services online.
While electronic money is gathering steady momentum due to its wide acceptance, security, and transparency compared to physical money, it is not without its fair share of vulnerabilities. For example, it is difficult to track fraud when money can be transferred between parties without any physical verifications.
Since electronic money transactions are done in secret, it has also provided an avenue for some people to evade their tax responsibilities. The computers used for facilitating electronic money transactions are not 100% perfect; they do have their flaws. An electronic money transaction can go sour because of a system error.
With the way technology is going, electronic money is here to stay. More so, the world is also clamoring for a cashless economy due to its benefits. Electronic money is changing and simplifying how people do business these days. We have also learned that electronic money currently has some challenges that will hopefully be addressed. We do not know how much time we have before electronic money finally phases out physical money. But everything seems to be moving in that direction.
We have conducted extensive research and analysis on over multiple data points on What Is Electronic Money to present you with a comprehensive guide that can help you find the most suitable What Is Electronic Money. Below we shortlist what we think are the best Electronic Money Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching What Is Electronic Money.
Selecting a reliable and reputable online Electronic 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 Electronic Money Investment Platforms more confidently.
Selecting the right online Electronic 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 Electronic Money Investment Platforms trading, it's essential to compare the different options available to you. Our Electronic 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 Electronic Money Investment Platforms broker that best suits your needs and preferences for Electronic Money Investment Platforms. Our Electronic Money Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Electronic Money Investment Platforms.
Compare Electronic Money Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Electronic Money Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Electronic Money Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Electronic Money Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Electronic Money Investment Platforms that accept Electronic 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 | 51% 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 Electronic 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 Electronic Money Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Electronic 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. 51% 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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