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Global FinTech Guide
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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
Trading platforms / social trading platforms / signal following
Body
FinTechs belonging to this category operate trading platforms or online marketplaces for investment opportunities or certain financial contracts – e.g. securities, factoring etc. and sometimes furthermore provide contact to financial experts and tools for decision-making.

FinTech-signalling and social trading platforms provide users with the opportunity to exchange opinions on financial investments and offer signal providers and traders the possibility to make their securities portfolio publicly visible. This way the portfolios can be linked to and followed by other traders via the platform automatically, so that the trading and investment strategy of the followed traders can be copied.

The platform often cooperates with a financial services provider or a credit institution where both the trader and the follower hold their securities accounts, and which execute the orders both of the trader and the follower and to which the platform passes on the trading decisions.
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 trading, social trading or signalling platforms and requirement of a license
CountryAnswer Text
Albaniaregulation; license required2169Albania
Argentinaregulation; license required2514Argentina
Australiaregulation; license required2184Australia
Austriaregulation; license required2679Austria
Bosnia and Herzegovinaregulation; license required2199Bosnia and Herzegovina
Canadaregulation; license required2154Canada
Chileno2244Chile
Chinaregulation; license required2259China
Colombiaregulation; license required2274Colombia
Costa Ricaregulation2289Costa Rica
Croatiaregulation; license required2304Croatia
Czech Republicregulation; license required2814Czech Republic
Egyptregulation; license required2319Egypt
Germanyregulation; license required2215Germany
Hong Kongregulation; license required2739Hong Kong
Hungaryregulation; license required2349Hungary
Irelandregulation; license required2694Ireland
Italyregulation; license required2334Italy
Korea, Republic ofregulation; license required2364Korea, Republic of
Malaysiaregulation; license required2664Malaysia
Mexicoregulation; license required2634Mexico
Montenegrono2379Montenegro
New Zealandregulation; license required2394New Zealand
North Macedoniano2439North Macedonia
Peruregulation2424Peru
Philippinesregulation; license required2409Philippines
Polandregulation; license required2484Poland
Portugalregulation; license required2499Portugal
Serbiaregulation; license required2469Serbia
Sloveniaregulation; license required2529Slovenia
Spainregulation; license required2544Spain
Switzerlandregulation; license required2709Switzerland
Thailandregulation; license required2559Thailand
Turkeyno2754Turkey
United Kingdomregulation; license required2784United Kingdom
United Rep of Tanzaniano2769United Rep of Tanzania
United Statesregulation; license required2589United States
Uruguaylicense required2574Uruguay
Question Text
Difficulty of upholding compliance with the regulation regarding trading, social trading or signalling platforms
CountryAnswer Text
Albaniaaverage2169Albania
Argentinaaverage2514Argentina
Australiahard2184Australia
Austriahard2679Austria
Bosnia and Herzegovinaaverage2199Bosnia and Herzegovina
Canadahard2154Canada
Chileeasy2244Chile
Chinaaverage2259China
Colombiahard2274Colombia
Costa Ricahard2289Costa Rica
Croatiaaverage2304Croatia
Czech Republicaverage2814Czech Republic
Egyptaverage2319Egypt
Germanyhard2215Germany
Hong Kongaverage2739Hong Kong
Hungaryaverage2349Hungary
Irelandaverage2694Ireland
Italyaverage2334Italy
Korea, Republic ofhard2364Korea, Republic of
Malaysiaaverage2664Malaysia
Mexicoaverage2634Mexico
Montenegron/a2379Montenegro
New Zealandeasy2394New Zealand
North Macedoniaeasy2439North Macedonia
Peruaverage2424Peru
Philippinesn/a2409Philippines
Polandaverage2484Poland
Portugalaverage2499Portugal
Serbiaaverage2469Serbia
Sloveniaaverage2529Slovenia
Spainaverage2544Spain
Switzerlandhard2709Switzerland
Thailandhard2559Thailand
Turkeyhard2754Turkey
United Kingdomaverage2784United Kingdom
United Rep of Tanzanian/a2769United Rep of Tanzania
United Stateshard2589United States
Uruguayaverage2574Uruguay
Question Text
Level of competition regarding trading, social trading or signalling platforms
CountryAnswer Text
Albanialow2169Albania
Argentinalow2514Argentina
Australiahigh2184Australia
Austriaaverage2679Austria
Bosnia and Herzegovinalow2199Bosnia and Herzegovina
Canadahigh2154Canada
Chileaverage2244Chile
Chinaaverage2259China
Colombiaaverage2274Colombia
Costa Ricalow2289Costa Rica
Croatialow2304Croatia
Czech Republicaverage2814Czech Republic
Egyptlow2319Egypt
Germanyhigh2215Germany
Hong Konglow2739Hong Kong
Hungarylow2349Hungary
Irelandlow2694Ireland
Italylow2334Italy
Korea, Republic ofaverage2364Korea, Republic of
Malaysiaaverage2664Malaysia
Mexicolow2634Mexico
Montenegron/a2379Montenegro
New Zealandaverage2394New Zealand
North Macedonialow2439North Macedonia
Perulow2424Peru
Philippinesaverage2409Philippines
Polandaverage2484Poland
Portugalaverage2499Portugal
Serbialow2469Serbia
Slovenialow2529Slovenia
Spainaverage2544Spain
Switzerlandaverage2709Switzerland
Thailandhigh2559Thailand
Turkeylow2754Turkey
United Kingdomaverage2784United Kingdom
United Rep of Tanzanialow2769United Rep of Tanzania
United Stateshigh2589United States
Uruguaylow2574Uruguay

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