the consensus remains in regards to our analysts saying to buy to hold to offer the stock all the scores where it’s originated from Can Zhao Etoro…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i believed i would do a quick video just taking you through the pros and cons the things that i think are good about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you want to provide it a go let’s dive directly in so the very first huge pro for me is the fact that they have expert scores and research study i definitely love 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 example on johnson and johnson what it looks like it provides you the rate 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 just reveals you whether insiders have actually purchased the shares um over the last few months or not i believe this is absolutely great and shown in a really simple format so for me this is a big plus for the platform a 2nd big plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i believe this reduces your forex threat so in theory you might just top up a bigger amount when the currency is in your favor and simply hold the cash waiting to invest it for a great deal of the platforms you need to pay the fx fees whenever that you make a transaction whereas here that does not happen you simply pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this clearly works best if you invest a lot into u.s stocks the 3rd huge pro of the platform in my viewpoint is that it gives you access not simply to stocks but also to commodities and cryptocurrency undoubtedly this isn’t actually something that newbies must dabble in however it does have that choice for those of you who have an interest in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can actually enter and speak with people talk about post see what individuals are publishing about each private stock practically have like discussions about it and you can in fact take a look at people’s portfolios so you can go into anyone’s profile click on their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they have actually made and whatever it is really transparent and i believe it’s really good since you often get like alerts stating like so lots of people are discussing tesla today like see all the posts
here and it’s truly cool just to see what individuals are believing the next pro of the platform remains in my viewpoint the copy portfolios so they have two alternatives i think i’ve mentioned prior to you can either copy specific individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve talked about this prior to but they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s kind of like an etf in my opinion um it’s actually cool and i believe it’s a huge plus of the platform due to the fact that they’ve got loads of various themes of these portfolios um that you can select from so that’s a huge plus for me the last pro from my perspective is it’s simply got a truly nice design control panel and the method it’s established so unlike the other platforms that i use at the moment they have a really actually good desktop variation it looks truly tidy easy to use i didn’t truly have any issues with finding out 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 study you can click the news and it will just inform you all the news about that particular stock it’s truly cool and also your portfolio just looks actually nice and clean and in fact has a lot of data on the main portfolio page which i truly like now for the cons i believe there are 3 primary cons in regards to in my viewpoint clearly they’re not ones that have put me off utilizing the platform um you understand i’ve done portfolio updates i utilize them myself however ones to be aware of the first one i think it is a bit too simple to trade cfds so due to the fact that the cfd platform and the typical trading platform are integrated into one it makes it rather easy for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and accidentally open a cfd which is really excellent and that’s pretty much one of the main factors that i do utilize them so it’s not truly something to stress over mistakenly doing however i typically think that a great deal of the platforms that provide cfds must make it even harder to open cfds for retail investors i understand numerous individuals who’ve lost quite a great deal of money um not on in fact however still trading cfds so i think usually there ought to most likely be a bit more it’s going to say regulation but just normally a bit more like a few more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that shows up a lot when i discuss is individuals complaining 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 higher fees so roundabouts and swings really all of it depends upon the big picture um they have a 5 dollar withdrawal charge is that actually that much maybe if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot but if you’re investing long term and you’re just going to be securing like a thousand pounds at a time then does it actually matter probably not so just weigh that up um when you when you look at it there’s a few other fees on their charge page however normally the actual investing into stocks is commission totally free so once you’ve topped up you can do as numerous transactions as you want in terms of purchasing underlying properties without paying additional charges and lastly the last con from me is the portfolio history so i discover it a little bit hard to determine sort of what i have actually invested where i need to go into each private stock simply 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 also i have actually still not really determined the dividends and how that appears so that potentially resembles a little a 50 50 for me not quite sure yet to watch this space that’s basically it if you have an interest in giving them a go i do have a recommendation link down below that you can utilize and you don’t even have to top up you can simply utilize the virtual portfolio initially simply to see what you think find out the platform and then decide on whether you want to utilize it or not so i ‘d like to understand your ideas if you do try it out what you consider it and yeah that’s basically it for th.