the agreement is in regards to our experts stating to purchase to hold to offer the stock all the rankings where it’s originated from What Happens To My Money If Etoro Goes Bust…
so i think there’s a great deal of interest about i do get a great deal of concerns asking me about the platform so i believed i would do a fast video simply taking you through the pros and cons the important things that i believe are good about the platform and the important things i think are bad about the platform and then you can decide on whether or not you want to try let’s jump straight in so the very first big pro for me is the fact that they have analyst ratings and research i absolutely love this it’s got a whole page for each of the stocks simply telling you what experts are doing and saying about the stock so you can see here for instance on johnson and johnson what it appears like it provides 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 buying or offering and the expert deals as well so it simply shows you whether insiders have actually bought the shares um over the last few months or not i think this is absolutely great and displayed in a really simple format so for me this is a substantial plus for the platform a second big plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective however i think this reduces your foreign exchange threat so in theory you could just top up a larger amount when the currency remains in your favor and simply hold the money waiting to invest it for a lot of the platforms you have to pay the fx charges whenever that you make a deal whereas here that does not occur you simply pay the fx cost
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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 viewpoint is that it provides you gain access to not simply to stocks but likewise to commodities and cryptocurrency obviously this isn’t really something that beginners ought to dabble in but 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 with people comment on post see what people are publishing about each private stock almost have like discussions about it and you can really 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’ve made and everything it is very transparent and i think it’s really good due to the fact that you often get like alerts stating like so many people are talking about tesla right now like see all the posts
here and it’s actually cool just to see what individuals are believing the next pro of the platform remains in my opinion the copy portfolios so they have 2 options i think i’ve pointed out prior to 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’ve discussed this prior to but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s really cool and i believe it’s a huge plus of the platform since they have actually got loads of various styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my viewpoint is it’s simply got a truly great design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have a truly really nice desktop variation it looks actually tidy easy to use i didn’t really have any issues with finding out what to do i like that for each stock you can go in and see whatever in one place you know you can click
on the chart you can click the research you can click on the news and it will just tell you all the news about that specific stock it’s actually cool and likewise your portfolio simply looks truly good and clean and in fact has a great deal of data 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 plainly they’re not ones that have put me off using the platform um you understand i have actually done portfolio updates i use them myself but ones to be familiar with the first one i believe it is a little bit too simple to trade cfds so since the cfd platform and the normal trading platform are incorporated into one it makes it rather simple for people to trade cfds now they do put
warnings in place and it’s not like you can simply click a button and unintentionally open a cfd which is truly excellent and that’s practically one of the main reasons that i do use them so it’s not truly something to stress over unintentionally doing but i typically think that a lot of the platforms that use cfds need to make it even harder to open cfds for retail investors i understand quite a few individuals who have actually lost quite a great deal of money um not on in fact however still trading cfds so i think typically there should most likely be a little bit more it’s going to say regulation however simply generally a little bit more like a few more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i talk about is individuals grumbling about the costs now yes whilst you might compare to specific platforms that have lower fees there are also loads of platforms that have much higher charges so roundabouts and swings actually everything depends upon the big picture um they have a 5 dollar withdrawal charge 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 only going to be getting like a thousand pounds at a time then does it truly 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 cost page but usually the real investing into stocks is commission totally free so as soon as you have actually topped up you can do as lots of deals as you want in terms of buying underlying possessions without paying extra fees and lastly the last con from me is the portfolio history so i find it a bit tough to find out sort of what i’ve invested where i have to go into each specific 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 really like to see all of the financial investments if possible and also i have actually still not actually found out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to view this area that’s basically it if you have an interest in providing a go i do have a referral link down listed below that you can utilize and you don’t even need to top up you can just utilize the virtual portfolio initially simply to see what you believe learn the platform and after that decide on whether you want to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you consider it and yeah that’s basically it for th.