the agreement remains in terms of our experts stating to buy to hold to sell the stock all the scores where it’s originated from Is Etoro Safe For Trading…
I think there’s a lot of interest about i do get a lot of concerns asking me about the platform so i believed i would do a quick video simply taking you through the pros and cons the things that i think are excellent about the platform and the things i believe 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 dive straight in so the first big pro for me is the reality that they have analyst ratings and research i definitely like 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 example on johnson and johnson what it looks like it provides you the rate 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 offering and the expert transactions too so it just reveals you whether experts have bought the shares um over the last couple of months or not i think this is definitely fantastic and shown in an actually easy format so for me this is a big plus for the platform a second substantial plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective but i think this minimizes your forex threat so in theory you might just top up a larger amount when the currency is in your favor and just hold the money 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 occur you just pay the fx charge
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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 third big pro of the platform in my opinion is that it provides you gain access to not just to stocks but likewise to products and cryptocurrency obviously this isn’t really something that newbies need 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 viewpoint is the social element of the platform so you can actually go in and speak with people discuss post see what people are posting about each private stock practically have like discussions about it and you can actually take a look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they have actually made and everything it is really transparent and i think it’s truly good because you often get like notices saying like so many people are speaking about tesla right now like see all the posts
here and it’s really cool simply to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have two choices i believe i’ve pointed out prior to 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’ve talked about this before however they have a renewable energy 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 believe it’s a substantial plus of the platform because they have actually got loads of different styles of these portfolios um that you can pick from so that’s a big plus for me the last pro from my perspective is it’s simply got a truly nice design control panel and the method it’s set up so unlike the other platforms that i use at the moment they have an actually really good desktop variation it looks actually tidy easy to use i didn’t really have any issues with figuring out what to do i like that for each stock you can go in and see whatever in one place you understand you can click
on the chart you can click the research you can click on the news and it will just inform you all the news about that particular stock it’s really cool and likewise your portfolio just looks really nice and clean and actually has a lot of data on the primary portfolio page which i truly like now for the cons i think there are three main cons in terms of in my opinion plainly they’re not ones that have put me off using the platform um you understand i have actually done portfolio updates i utilize them myself however ones to be familiar with the very first one i believe it is a little bit too easy to trade cfds so due to the fact that the cfd platform and the normal trading platform are integrated into one it makes it quite simple for individuals to trade cfds now they do put
warnings 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 among the main factors that i do utilize them so it’s not actually something to worry about mistakenly doing however i typically believe that a great deal of the platforms that offer cfds must make it even harder to open cfds for retail financiers i know quite a few people who’ve lost quite a great deal of money um not on actually but still trading cfds so i think typically there must probably be a bit more it’s going to state guideline 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 fees so this is something that shows up a lot when i speak about is individuals complaining about the fees now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much greater fees so roundabouts and swings really it all depends upon the big picture um they have a five dollar withdrawal cost is that really that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot however if you’re investing long term and you’re just going to be getting like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you take a look at it there’s a few other fees on their fee page but usually the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as numerous transactions as you desire in terms of buying underlying assets without paying additional fees and finally 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 private stock simply to see when i’ve 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 also i have actually still not truly determined the dividends and how that appears so that possibly is like a little bit of a 50 50 for me not quite sure yet to view this space that’s basically it if you have an interest in giving them a go i do have a recommendation link down listed below that you can use and you do not even have to top up you can just use the virtual portfolio at first just to see what you think discover the platform and then decide on whether you want to utilize it or not so i ‘d like to know your thoughts if you do try it out what you think about it and yeah that’s basically it for th.