the agreement remains in terms of our experts stating to purchase to hold to offer the stock all the ratings where it’s come from How Safe Is Your Money With Etoro…
I think there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i thought i would do a fast video simply taking you through the pros and cons the things that i believe are great 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 give it a go let’s jump straight in so the very first huge pro for me is the reality that they have expert rankings and research study i definitely enjoy this it’s got an entire page for each of the stocks simply informing you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it looks like it offers you the price targets that they believe 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 purchasing and the insider deals also so it simply reveals you whether insiders have purchased the shares um over the last few months or not i think this is definitely great and displayed in a truly easy format so for me this is a substantial plus for the platform a second huge plus for me is the truth that your currency is kept in u.s dollars so i guess this is subjective but i think this reduces your foreign exchange risk so in theory you might simply top up a larger amount when the currency remains in your favor and just hold the cash waiting to invest it for a lot of the platforms you have to pay the fx fees whenever that you make a transaction whereas here that doesn’t happen you simply pay the fx fee
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when you top up and when you withdraw and transform 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 gives you access not simply to stocks but likewise to commodities and cryptocurrency certainly this isn’t actually something that newbies ought to meddle however it does have that alternative for those of you who have an interest in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually enter and talk to people talk about post see what people are posting about each individual stock almost have like conversations about it and you can in fact take a look at individuals’s portfolios so you can go into anyone’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the revenues they have actually made and everything it is really transparent and i believe it’s truly great due to the fact that you often get like notices stating thus many people are speaking about tesla right now like see all the posts
here and it’s truly cool simply 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 think i have actually mentioned 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 have actually talked about this prior to however they have a renewable energy portfolio which just holds loads of renewable resource stocks it’s sort of like an etf in my opinion um it’s actually cool and i think it’s a substantial plus of the platform since they have actually got loads of different themes of these portfolios um that you can pick from so that’s a substantial plus for me the final pro from my perspective is it’s just got an actually nice layout dashboard and the way it’s established so unlike the other platforms that i use at the moment they have an actually really nice desktop variation it looks actually clean easy to use i didn’t really have any problems with figuring out what to do i like that for each stock you can go in and see whatever in one location you know you can click
on the chart you can click on the research you can click on the news and it will just tell you all the news about that particular stock it’s truly cool and likewise your portfolio simply looks clean and truly good and really has a great deal of data on the primary portfolio page which i actually like now for the cons i think there are 3 main cons in regards to in my opinion clearly they’re not ones that have put me off using the platform um you know i have actually done portfolio updates i utilize them myself but ones to be familiar with the very first one i think it is a bit too easy to trade cfds so because the cfd platform and the regular trading platform are incorporated 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 just click a button and unintentionally open a cfd which is really excellent which’s basically one of the main reasons that i do use them so it’s not truly something to stress over accidentally doing however i typically believe that a great deal of the platforms that use cfds need to make it even harder to open cfds for retail financiers i know numerous individuals who have actually lost rather a lot of money um not on in fact however still trading cfds so i think usually there should probably be a little bit more it’s going to say regulation however simply generally a little more like a couple of more
hoops to leap through if you will um to open a cfd trade second of all the charges so this is something that comes up a lot when i discuss is individuals grumbling about the charges now yes whilst you may compare to particular platforms that have lower fees there are likewise loads of platforms that have much higher charges so roundabouts and swings really it all depends upon the big picture um they have a 5 dollar withdrawal charge is that truly 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 getting like a thousand pounds at a time then does it actually matter most likely not so simply weigh that up um when you when you take a look at it there’s a few other charges on their fee page however generally the actual investing into stocks is commission complimentary so once you have actually topped up you can do as many transactions as you want in terms of buying underlying assets without paying additional fees and finally the last con from me is the portfolio history so i find it a little bit challenging to figure out sort of what i have actually invested where i have to go into each specific stock just to see when i have actually 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 truly like to see all of the financial investments if possible and also i’ve still not actually found out the dividends and how that appears so that potentially resembles a little a 50 50 for me not quite sure yet to see this space that’s practically it if you are interested in providing a go i do have a recommendation link down below that you can use and you don’t even need to top up you can just use the virtual portfolio initially simply to see what you believe find out the platform and then decide on whether you want to use it or not so i ‘d love to understand your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.