the agreement remains in regards to our analysts stating to purchase to hold to offer the stock all the rankings where it’s originated from Can I Have Multiple Etoro Accounts…
so i think there’s a great deal of curiosity about i do get a great deal of concerns asking me about the platform so i thought i would do a quick video simply taking you through the benefits and drawbacks the important things that i think are good about the platform and the important things i think are bad about the platform and then you can decide on whether you want to try let’s jump directly in so the first huge pro for me is the fact that they have analyst ratings and research i definitely like this it’s got an entire page for each of the stocks just informing you what analysts are saying and doing about the stock so you can see here for instance on johnson and johnson what it looks like it offers you the price targets that they think it
will reach um what so you can see here like citigroup morgan stanley um the hedge fund activities where the hedge funds are selling or purchasing and the insider deals as well so it simply shows you whether insiders have purchased the shares um over the last few months or not i think this is absolutely excellent and displayed in a really easy format so for me this is a big plus for the platform a second big plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective but i think this decreases your foreign exchange risk so in theory you might just top up a larger amount when the currency remains in your favor and simply hold the money waiting to invest it for a great deal of the platforms you need to pay the fx charges whenever that you make a transaction whereas here that doesn’t happen you just pay the fx charge
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when you top up and when you withdraw and convert back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the 3rd huge pro of the platform in my opinion is that it provides you access not just to stocks however also to products and cryptocurrency undoubtedly this isn’t truly something that novices need to meddle but it does have that alternative for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk with people comment on post see what people are posting about each specific stock nearly have like discussions about it and you can in fact look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are buying including the popular traders you can see the revenues they’ve made and everything it is very transparent and i believe it’s truly good because you often get like alerts stating thus lots of people are talking about tesla today like see all the posts
here and it’s really cool just to see what people are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have 2 alternatives i believe i’ve pointed out before you can either copy specific people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this before however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s really cool and i think it’s a substantial plus of the platform since they’ve got loads of various styles of these portfolios um that you can choose from so that’s a big plus for me the last pro from my point of view is it’s just got a truly great design dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have a truly actually good desktop version it looks really clean easy to use i didn’t actually have any concerns with determining what to do i like that for each stock you can go in and see whatever in one location you understand you can click
on the chart you can click on the research you can click the news and it will simply inform you all the news about that specific stock it’s actually cool and also your portfolio simply looks tidy and really good and really has a great deal of information on the primary portfolio page which i truly like now for the cons i believe there are 3 primary cons in regards to in my viewpoint plainly they’re not ones that have actually put me off using the platform um you know i have actually done portfolio updates i use them myself but ones to be knowledgeable about the very first one i think it is a bit too simple to trade cfds so because the cfd platform and the normal trading platform are integrated into one it makes it rather simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and inadvertently open a cfd which is actually good and that’s pretty much one of the main reasons that i do use them so it’s not truly something to stress over accidentally doing however i typically think that a great deal of the platforms that offer cfds should make it even harder to open cfds for retail investors i understand quite a few people who have actually lost quite a great deal of cash um not on in fact but still trading cfds so i think generally there must most likely be a bit more it’s going to state regulation but just usually a little more like a couple of more
hoops to jump through if you will um to open a cfd trade secondly the charges so this is something that turns up a lot when i speak about is individuals grumbling about the costs now yes whilst you might compare to certain platforms that have lower fees there are likewise loads of platforms that have much greater costs so roundabouts and swings actually all of it depends upon the big picture um they have a 5 dollar withdrawal cost is that truly that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps that’s a lot however if you’re investing long term and you’re just going to be getting like a thousand pounds at a time then does it actually matter most likely not so just weigh that up um when you when you look at it there’s a few other fees on their cost page but normally the real investing into stocks is commission totally free so when you’ve topped up you can do as many transactions as you desire in terms of purchasing underlying possessions without paying extra charges and lastly the last con from me is the portfolio history so i find it a bit difficult to figure out sort of what i’ve invested where i need to go into each private stock just to see when i’ve invested into it and how much instead of seeing that on my portfolio history the only thing that i can see on the history is the top-ups an.
the copy trading um so i ‘d actually like to see all of the investments if possible and likewise i have actually still not really found out the dividends and how that appears so that possibly resembles a bit of a 50 50 for me not quite sure yet to watch this area that’s basically it if you are interested in giving them a go i do have a recommendation link down listed below that you can utilize and you don’t even need to top up you can just use the virtual portfolio at first simply to see what you think find out the platform and then decide on whether you wish to utilize it or not so i ‘d enjoy to understand your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.