the consensus is in regards to our analysts saying to buy to hold to offer the stock all the scores where it’s originated from Etoro Vs Trading 212 Vs Plus500…
so i think there’s a lot of curiosity about i do get a great deal of concerns asking me about the platform so i believed i would do a quick video just taking you through the benefits and drawbacks the important things that i think are excellent about the platform and the important things i believe are bad about the platform and after that you can make a decision on whether you want to give it a go let’s dive directly in so the first huge pro for me is the reality that they have analyst scores and research i absolutely love this it’s got a whole page for each of the stocks just telling you what analysts are doing and stating about the stock so you can see here for instance on johnson and johnson what it looks like it provides 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 offering or buying and the expert transactions too so it just reveals you whether insiders have purchased the shares um over the last few months or not i believe this is absolutely terrific and displayed in an actually simple 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 kept in u.s dollars so i guess this is subjective however i believe this minimizes your foreign exchange danger so in theory you might simply top up a larger amount when the currency is in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx fees each time that you make a deal whereas here that does not occur you simply pay the fx charge
What is social trading?
when you top up and when you withdraw and convert back to your own currency this certainly works finest if you invest a lot into u.s stocks the 3rd huge pro of the platform in my viewpoint is that it provides you access not simply to stocks however likewise to products and cryptocurrency obviously this isn’t actually something that beginners need to meddle however it does have that option for those of you who are interested in products and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually enter and talk to individuals comment on post see what individuals are publishing about each specific stock nearly have like discussions about it and you can really look at individuals’s portfolios so you can go into anybody’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the revenues they’ve made and whatever it is very transparent and i believe it’s really good because you typically get like notifications saying like so 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 believing the next pro of the platform remains in my opinion the copy portfolios so they have two options i believe i have actually pointed out before you can either copy private people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually discussed this before but they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s kind of like an etf in my viewpoint um it’s truly cool and i think it’s a huge plus of the platform due to the fact that they have actually got loads of different 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 simply got a truly great layout dashboard and the way it’s established so unlike the other platforms that i use at the moment they have an actually truly nice desktop variation it looks really tidy easy to use i didn’t really have any problems with figuring out what to do i like that for each stock you can enter and see everything in one place you understand you can click
on the chart you can click on the research you can click the news and it will just tell you all the news about that particular stock it’s actually cool and also your portfolio just looks tidy and actually 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 main cons in regards to in my viewpoint clearly they’re not ones that have actually put me off using the platform um you understand i have actually done portfolio updates i use them myself however ones to be familiar with the first one i believe it is a little bit too easy to trade cfds so since the cfd platform and the regular trading platform are incorporated into one it makes it quite simple for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and inadvertently open a cfd which is really good and that’s basically one of the main factors that i do use them so it’s not actually something to fret about unintentionally doing but i typically believe that a great deal of the platforms that use cfds need to make it even harder to open cfds for retail investors i know quite a few individuals who’ve lost rather a lot of cash um not on really but still trading cfds so i believe normally there should probably be a bit more it’s going to say policy but simply usually a little 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 comes up a lot when i discuss is people grumbling about the charges now yes whilst you may compare to particular platforms that have lower charges there are likewise loads of platforms that have much higher fees so roundabouts and swings actually it all depends on the big picture um they have a 5 dollar withdrawal fee is that really that much possibly if you’re continuously withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes perhaps that’s a lot however if you’re investing long term and you’re only going to be getting like a thousand pounds at a time then does it actually matter probably not so just weigh that up um when you when you take a look at it there’s a few other fees on their charge page but normally the real investing into stocks is commission totally free so once you’ve topped up you can do as numerous deals as you want in terms of buying underlying assets without paying additional charges and lastly the last con from me is the portfolio history so i find it a bit tough to figure out sort of what i have actually invested where i need to go into each specific stock simply to see when i have actually invested into it and how much rather than 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 really like to see all of the investments if possible and also i have actually still not really found out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to enjoy this space that’s basically it if you are interested in giving them a go i do have a recommendation link down below that you can utilize and you do not even have to top up you can simply utilize the virtual portfolio initially simply to see what you believe discover the platform and then decide on whether you wish to use it or not so i ‘d love to know your thoughts if you do try it out what you think about it and yeah that’s practically it for th.