Name
Global FinTech Guide
Country Name
Global Overview

The global overview provides a quick comparison of legal and economic considerations for every participating country. To read more in-depth country specific information for each area, please select a country from the list.

SectionTitle
Financial advisory and broking services including robo advisory and auto-trading
Body
FinTechs belonging to this category offer advisory and broking services for investments usually via an Internet platform. Robo advisory services usually offer an investment proposition following a series of questions concerning the personal financial background and the risk-bearing capacity of the user. Sometimes the respective platform also enables the user to directly execute the proposed investment. Auto-trading concerns all services which automatically trade on behalf of the customer according to his/her specifications. Apart from that, some FinTechs collect and offer merely, or as an ancillary service, market information or operate comparison portals to increase the transparency of the capital markets and to help the investor with his decision-making. There are also FinTech-advertising-services which market various financial services or products.
CountryDonation Based CrowdfundingReward Based CrowdfundingCrowdinvestingCrowdlending
Albanianononono
Argentinanonoregulation; license requiredno
Australianonoregulation; license requiredregulation; license required
Austrianonoregulationregulation
Bosnia and Herzegovinanononono
Canadanonoregulation; license requiredregulation; license required
Chilenononono
Chinaregulation; license requirednoregulationregulation; license required
Colombianonoregulation; license requiredregulation; license required
Costa Ricalicense requiredlicense requiredlicense requiredlicense required
Croatiaregulation; license requirednoregulation; license requiredregulation; license required
Czech Republicnonoregulation; license requiredregulation; license required
Egyptnononono
Franceregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Germanynononono
Hong Kongnononono
Hungarynonoregulation; license requiredregulation; license required
Irelandnononoregulation; license required
Italynonoregulation; license requiredregulation; license required
Korea, Republic ofnonoregulation; license requiredregulation; license required
Malaysianonoregulation; license requiredregulation; license required
Mexicoregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Montenegronononono
New Zealandnonoregulation; license requiredregulation; license required
North Macedonianononono
Perunoregulation; license requiredregulation; license requiredregulation; license required
Philippinesnonoregulation; license requiredregulation; license required
Polandnonoregulation; license requiredregulation; license required
Portugalregulationregulationregulation; license requiredregulation; license required
Romanianonoregulation; license requiredregulation; license required
Serbianononono
Slovenianonoregulation; license requiredregulation; license required
Spainnoregulation; license requiredregulation; license requiredregulation; license required
Switzerlandnonoregulation; license requiredregulation; license required
Thailandnonoregulation; license requiredregulation; license required
Turkeynonoregulation; license requiredregulation; license required
United Kingdomnonoregulation; license requiredregulation; license required
United Rep of Tanzanianononono
United Statesnonoregulation; license requiredregulation
Uruguaynonolicense requiredno
Question Text
Regulation of modern financial advisory and broking services as well as adjacent services described above and requirement of a license
CountryAnswer Text
Albaniaregulation; license required2159Albania
Argentinaregulation; license required2504Argentina
Australiaregulation; license required2174Australia
Austriaregulation; license required2669Austria
Bosnia and Herzegovinaregulation; license required2189Bosnia and Herzegovina
Canadaregulation; license required2144Canada
Chileregulation; license required2234Chile
Chinaregulation; license required2249China
Colombiaregulation; license required2264Colombia
Costa Ricaregulation2279Costa Rica
Croatiaregulation; license required2294Croatia
Czech Republicregulation; license required2804Czech Republic
Egyptregulation; license required2309Egypt
Germanyregulation; license required2204Germany
Hong Kongregulation; license required2729Hong Kong
Hungaryregulation; license required2339Hungary
Irelandno2684Ireland
Italyregulation; license required2324Italy
Korea, Republic ofregulation; license required2354Korea, Republic of
Malaysiaregulation; license required2654Malaysia
Mexicoregulation; license required2624Mexico
Montenegroregulation; license required2369Montenegro
New Zealandregulation; license required2384New Zealand
North Macedoniaregulation; license required2429North Macedonia
Peruregulation; license required2414Peru
Philippinesregulation; license required2399Philippines
Polandregulation; license required2474Poland
Portugalregulation; license required2489Portugal
Serbiaregulation; license required2459Serbia
Sloveniaregulation; license required2519Slovenia
Spainregulation; license required2534Spain
Switzerlandregulation2699Switzerland
Thailandregulation; license required2549Thailand
Turkeyregulation; license required2744Turkey
United Kingdomregulation; license required2774United Kingdom
United Rep of Tanzaniaregulation; license required2759United Rep of Tanzania
United Statesregulation; license required2579United States
Uruguaylicense required2564Uruguay
Question Text
Difficulty of upholding compliance with the regulation regarding financial advisory and broking services as well as adjacent services
CountryAnswer Text
Albaniaaverage2159Albania
Argentinahard2504Argentina
Australiahard2174Australia
Austriahard2669Austria
Bosnia and Herzegovinaaverage2189Bosnia and Herzegovina
Canadahard2144Canada
Chileeasy2234Chile
Chinahard2249China
Colombiaaverage2264Colombia
Costa Ricahard2279Costa Rica
Croatiaaverage2294Croatia
Czech Republicaverage2804Czech Republic
Egyptaverage2309Egypt
Germanyhard2204Germany
Hong Kongaverage2729Hong Kong
Hungaryaverage2339Hungary
Irelandaverage2684Ireland
Italyaverage2324Italy
Korea, Republic ofaverage2354Korea, Republic of
Malaysiaaverage2654Malaysia
Mexicoaverage2624Mexico
Montenegrohard2369Montenegro
New Zealandaverage2384New Zealand
North Macedoniaaverage2429North Macedonia
Peruaverage2414Peru
Philippinesaverage2399Philippines
Polandaverage2474Poland
Portugalaverage2489Portugal
Serbiaaverage2459Serbia
Sloveniaaverage2519Slovenia
Spainaverage2534Spain
Switzerlandaverage2699Switzerland
Thailandaverage2549Thailand
Turkeyhard2744Turkey
United Kingdomaverage2774United Kingdom
United Rep of Tanzaniahard2759United Rep of Tanzania
United Stateshard2579United States
Uruguayaverage2564Uruguay
Question Text
Level of competition regarding financial advisory and broking services as well as adjacent services
CountryAnswer Text
Albanialow2159Albania
Argentinahigh2504Argentina
Australiahigh2174Australia
Austriahigh2669Austria
Bosnia and Herzegovinalow2189Bosnia and Herzegovina
Canadahigh2144Canada
Chilehigh2234Chile
Chinaaverage2249China
Colombialow2264Colombia
Costa Ricalow2279Costa Rica
Croatiaaverage2294Croatia
Czech Republicaverage2804Czech Republic
Egyptlow2309Egypt
Germanyhigh2204Germany
Hong Konghigh2729Hong Kong
Hungarylow2339Hungary
Irelandaverage2684Ireland
Italyaverage2324Italy
Korea, Republic ofaverage2354Korea, Republic of
Malaysiaaverage2654Malaysia
Mexicoaverage2624Mexico
Montenegrolow2369Montenegro
New Zealandaverage2384New Zealand
North Macedonialow2429North Macedonia
Peruaverage2414Peru
Philippinesn/a2399Philippines
Polandlow2474Poland
Portugalhigh2489Portugal
Serbialow2459Serbia
Sloveniaaverage2519Slovenia
Spainhigh2534Spain
Switzerlandhigh2699Switzerland
Thailandhigh2549Thailand
Turkeyhigh2744Turkey
United Kingdomaverage2774United Kingdom
United Rep of Tanzanialow2759United Rep of Tanzania
United Stateshigh2579United States
Uruguaylow2564Uruguay

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