the consensus remains in terms of our analysts saying to purchase to hold to sell the stock all the rankings where it’s come from Is Etoro Virtual Account Safe…
I believe there’s a lot of interest about i do get a lot of questions asking me about the platform so i believed 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 decision on whether or not you want to give it a go let’s jump directly in so the very first huge pro for me is the reality that they have expert scores and research study i absolutely like this it’s got an entire page for each of the stocks simply telling you what experts 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 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 buying or offering and the insider deals also so it just reveals you whether experts have actually purchased the shares um over the last couple of months or not i think this is absolutely fantastic and displayed in an actually simple format so for me this is a huge plus for the platform a 2nd substantial plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but i believe this minimizes your foreign exchange threat so in theory you could just top up a larger quantity when the currency is in your favor and just 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 does not occur you just pay the fx fee
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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 big pro of the platform in my opinion is that it gives you access not just to stocks but also to commodities and cryptocurrency certainly this isn’t truly something that novices need to meddle but 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 aspect of the platform so you can literally go in and talk to individuals comment on post see what people are publishing about each specific stock practically have like discussions about it and you can in fact take a look at people’s portfolios so you can enter into anyone’s profile click their portfolio and see what they are purchasing including the popular traders you can see the earnings they have actually made and whatever it is extremely transparent and i think it’s actually excellent due to the fact that you frequently get like notifications saying thus many people are discussing tesla today like see all the posts
here and it’s truly cool simply to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 choices i think i have actually pointed out before you can either copy individual people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this prior to however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s truly cool and i think it’s a big plus of the platform because they have actually got loads of different themes of these portfolios um that you can select from so that’s a huge plus for me the final pro from my viewpoint is it’s simply got a really nice design control panel and the method it’s established so unlike the other platforms that i use at the moment they have an actually really nice desktop version it looks really clean easy to use i didn’t actually have any concerns with figuring out what to do i like that for each stock you can go in and see everything in one place you understand you can click
on the chart you can click the research study you can click on the news and it will simply tell you all the news about that specific stock it’s truly cool and also your portfolio simply looks tidy and really great 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 three primary cons in terms of in my viewpoint clearly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i use them myself however ones to be knowledgeable about the first one i believe it is a little bit too simple to trade cfds so due to the fact that the cfd platform and the normal trading platform are incorporated into one it makes it quite simple for individuals to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and mistakenly open a cfd which is really good which’s basically one of the main reasons that i do utilize them so it’s not actually something to fret about unintentionally doing however i usually think that a great deal of the platforms that offer cfds ought to make it even harder to open cfds for retail investors i know many people who’ve lost rather a great deal of money um not on in fact however still trading cfds so i believe generally there should probably be a bit more it’s going to state policy however just typically a little bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that shows up a lot when i speak about is individuals grumbling about the fees now yes whilst you might compare to specific platforms that have lower fees there are likewise loads of platforms that have much higher charges so roundabouts and swings actually everything depends on the big picture um they have a five dollar withdrawal charge is that really that much possibly if you’re constantly 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 securing like a thousand pounds at a time then does it truly matter probably not so simply weigh that up um when you when you look at it there’s a couple of other costs on their charge page however generally the actual investing into stocks is commission free so once you have actually topped up you can do as many deals as you desire in regards to purchasing underlying assets without paying extra costs and lastly the last con from me is the portfolio history so i discover it a little bit difficult to find out sort of what i have actually invested where i need to go into each individual stock simply 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 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 appears so that possibly resembles a little bit of a 50 50 for me not quite sure yet to see this area 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 use and you do not even have to top up you can simply use the virtual portfolio at first simply to see what you believe discover the platform and after that make a decision on whether you wish 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.