the consensus remains in terms of our experts saying to buy to hold to offer the stock all the ratings where it’s originated from Is Your Money Safe In Etoro…
so i think there’s a great deal of curiosity about i do get a great deal of concerns asking me about the platform so i thought i would do a fast video just taking you through the advantages and disadvantages 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 or not you wish to give it a go let’s jump straight in so the first huge pro for me is the fact that they have expert scores and research i absolutely enjoy this it’s got an entire page for each of the stocks just informing you what experts are doing and stating about the stock so you can see here for instance on johnson and johnson what it appears 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 purchasing or selling and the expert transactions as well so it simply reveals you whether experts have actually bought the shares um over the last few months or not i believe this is absolutely excellent and shown in an actually simple format so for me this is a substantial plus for the platform a 2nd big 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 forex risk so in theory you could simply top up a larger quantity 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 charges every time that you make a deal 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 convert back to your own currency this clearly works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it provides you access not simply to stocks but likewise to commodities and cryptocurrency undoubtedly this isn’t truly something that newbies ought to meddle however it does have that alternative for those of you who are interested in commodities and cryptocurrency the next pro in my opinion is the social element of the platform so you can literally go in and talk to individuals comment on post see what individuals are posting about each private stock almost have like discussions about it and you can in fact look at individuals’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are buying including the popular traders you can see the profits they have actually made and everything it is really transparent and i think it’s actually excellent because you typically get like notices stating thus lots of people are discussing tesla right now like see all the posts
here and it’s actually cool simply to see what people are believing the next pro of the platform is in my opinion the copy portfolios so they have two alternatives i believe i’ve mentioned prior to 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 have actually discussed this prior to but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s really cool and i believe 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 point of view is it’s just got a truly good design dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have an actually actually nice desktop variation it looks actually tidy easy to use i didn’t actually have any concerns with figuring out what to do i like that for each stock you can enter and see whatever in one place you know you can click
on the chart you can click the research you can click the news and it will just inform you all the news about that specific stock it’s truly cool and likewise your portfolio simply looks truly great and clean and in fact has a lot of data on the primary portfolio page which i truly like now for the cons i believe there are three main cons in regards to in my viewpoint clearly they’re not ones that have actually put me off utilizing the platform um you understand i’ve done portfolio updates i use them myself but ones to be aware of 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 truly excellent and that’s basically one of the primary reasons that i do utilize them so it’s not really something to stress over mistakenly doing however i typically believe that a lot of the platforms that use cfds should make it even harder to open cfds for retail financiers i understand numerous people who have actually lost quite a lot of cash um not on really but still trading cfds so i think normally there must most likely be a bit more it’s going to state policy but simply typically a bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i speak about is people complaining about the costs now yes whilst you might compare to certain platforms that have lower costs there are also loads of platforms that have much higher fees so roundabouts and swings actually everything depends upon the big picture um they have a five dollar withdrawal fee is that actually that much maybe if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps 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 truly matter probably not so simply weigh that up um when you when you look at it there’s a few other fees on their cost page but generally the actual investing into stocks is commission free so when you have actually topped up you can do as numerous deals as you desire in terms of buying underlying possessions without paying extra costs and finally the last con from me is the portfolio history so i find it a little bit challenging to find out sort of what i have actually invested where i have to go into each individual stock simply to see when i have actually invested into it and just 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 financial investments if possible and likewise i have actually still not really determined the dividends and how that shows up so that potentially is like a little a 50 50 for me not quite sure yet to see this area that’s pretty much it if you have an interest in giving them a go i do have a recommendation link down listed below that you can utilize and you don’t even need to top up you can simply use the virtual portfolio at first simply to see what you think learn the platform and after that make a decision on whether you wish to utilize 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 practically it for th.