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I believe 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 just taking you through the pros and cons the things that i believe are excellent about the platform and the things i think are bad about the platform and then you can make a choice on whether or not you desire to give it a go let’s jump directly in so the very first big pro for me is the reality that they have analyst rankings and research i definitely love this it’s got an entire page for each of the stocks just informing you what analysts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it gives you the cost 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 buying or offering and the expert transactions also so it simply shows you whether experts have bought the shares um over the last few months or not i think this is absolutely great and shown in a really simple format so for me this is a huge plus for the platform a second huge plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i think this minimizes your foreign exchange threat so in theory you might just top up a larger quantity when the currency remains in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx costs each time that you make a deal whereas here that doesn’t occur 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 clearly works finest if you invest a lot into u.s stocks the 3rd huge pro of the platform in my opinion is that it offers you gain access to not simply to stocks however also to products and cryptocurrency obviously this isn’t really something that newbies must meddle however it does have that option for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally go in and speak to people comment on post see what individuals are posting about each individual stock almost have like discussions about it and you can really take a look at people’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the earnings they have actually made and everything it is very transparent and i believe it’s actually excellent due to the fact that you often get like notices saying like so many individuals are speaking about tesla right now like see all the posts
here and it’s actually cool simply to see what individuals are believing the next pro of the platform remains in my viewpoint the copy portfolios so they have 2 options i believe i’ve pointed out before you can either copy private individuals 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 but they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s truly cool and i think it’s a substantial plus of the platform since they’ve got loads of different styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my perspective is it’s simply got a really great layout dashboard and the way it’s set up so unlike the other platforms that i usage at the moment they have a really actually good desktop version it looks really clean easy to use i didn’t truly have any issues with determining what to do i like that for each stock you can enter and see whatever in one place you understand you can click
on the chart you can click on the research study you can click on the news and it will simply tell you all the news about that particular stock it’s actually cool and also your portfolio simply looks truly good and tidy and actually has a great deal of information on the primary portfolio page which i actually like now for the cons i believe there are 3 primary cons in terms of 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 use them myself however ones to be familiar with the very first one i think it is a bit too simple to trade cfds so because the cfd platform and the typical trading platform are integrated into one it makes it rather simple 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 good which’s practically one of the primary factors that i do utilize them so it’s not really something to stress over accidentally doing but i generally believe that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i understand quite a few individuals who have actually lost quite a lot of money um not on actually however still trading cfds so i think usually there should probably be a little bit more it’s going to say regulation however simply typically a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the fees so this is something that comes up a lot when i discuss is individuals complaining about the fees now yes whilst you might compare to certain platforms that have lower costs there are likewise loads of platforms that have much greater fees so roundabouts and swings actually it all depends on the big picture um they have a five dollar withdrawal fee is that truly that much maybe 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 only going to be taking out like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you look at it there’s a couple of other fees on their fee page but generally the real investing into stocks is commission free so once you have actually topped up you can do as lots of deals as you want in terms of purchasing underlying possessions without paying extra fees 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’ve invested where i have to go into each individual stock just to see when i have actually invested into it and just 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 actually like to see all of the investments if possible and likewise i’ve still not truly 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 enjoy this space that’s practically it if you have an interest in giving them 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 just to see what you believe find out the platform and then make a decision on whether you want to use it or not so i ‘d enjoy to know your ideas if you do try it out what you think of it and yeah that’s basically it for th.