the agreement remains in regards to our analysts stating to purchase to hold to offer the stock all the ratings where it’s come from Etoro Custumer Service Number Uk…
so i believe there’s a great deal 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 important things that i believe are excellent about the platform and the important things i think 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 dive straight in so the first big pro for me is the reality that they have expert ratings and research study i absolutely enjoy this it’s got an entire page for each of the stocks just informing you what analysts are saying and doing about the stock so you can see here for instance on johnson and johnson what it appears like it gives you the cost 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 expert transactions as well so it just reveals you whether insiders have actually purchased the shares um over the last few months or not i think this is absolutely fantastic and displayed in a really simple format so for me this is a substantial plus for the platform a 2nd big plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective however i think this lessens your forex danger so in theory you could just top up a bigger 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 doesn’t happen you simply pay the fx fee
What is social trading?
when you top up and when you withdraw and convert back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it provides you access not simply to stocks but also to commodities and cryptocurrency clearly this isn’t truly something that novices ought to dabble in but it does have that alternative for those of you who have an interest in commodities and cryptocurrency the next pro in my opinion is the social element of the platform so you can actually enter and talk to people discuss post see what people are posting about each specific stock almost have like conversations about it and you can actually take a look at people’s portfolios so you can go into anyone’s profile click on their portfolio and see what they are buying including the popular traders you can see the revenues they have actually made and whatever it is very transparent and i believe it’s actually good because you typically get like notices stating thus lots of people are discussing tesla today like see all the posts
here and it’s truly cool simply to see what people are believing the next pro of the platform is in my viewpoint the copy portfolios so they have two options i believe i have actually discussed 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 energy portfolio which just holds loads of renewable energy stocks it’s kind of like an etf in my opinion um it’s actually 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 select from so that’s a big plus for me the final pro from my viewpoint is it’s simply got a truly nice layout dashboard and the way it’s established so unlike the other platforms that i usage at the moment they have a truly truly nice desktop version it looks actually 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 enter and see whatever in one location you understand you can click
on the chart you can click the research you can click on the news and it will simply inform you all the news about that specific stock it’s actually cool and likewise your portfolio just looks clean and actually good and in fact has a lot of information on the main portfolio page which i truly like now for the cons i believe there are 3 primary cons in regards to in my viewpoint plainly they’re not ones that have actually put me off utilizing the platform um you know i’ve done portfolio updates i utilize them myself however ones to be familiar with 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 rather easy for individuals to trade cfds now they do put
warnings in place and it’s not like you can just click a button and mistakenly open a cfd which is actually excellent which’s practically among the primary reasons that i do use them so it’s not really something to worry about unintentionally doing however i typically think that a great deal of the platforms that offer cfds must make it even harder to open cfds for retail investors i know quite a few people who’ve lost quite a great deal of money um not on actually however still trading cfds so i believe usually there need to probably be a little bit more it’s going to state guideline however just usually a little 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 comes up a lot when i speak about is people grumbling about the fees now yes whilst you might compare to particular platforms that have lower costs there are likewise loads of platforms that have much greater costs so roundabouts and swings really it all depends on the big picture um they have a five dollar withdrawal fee is that actually that much maybe if you’re constantly 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 taking out like a thousand pounds at a time then does it really matter probably not so simply weigh that up um when you when you look at it there’s a few other fees on their fee page but generally the real investing into stocks is commission complimentary so once you have actually topped up you can do as lots of deals as you desire in regards to buying underlying assets without paying additional fees and finally the last con from me is the portfolio history so i find it a bit difficult to figure out 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 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 truly like to see all of the investments if possible and also i’ve still not really figured out the dividends and how that shows up so that potentially resembles a little a 50 50 for me not quite sure yet to watch this area that’s pretty much it if you are interested 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 simply utilize the virtual portfolio at first simply to see what you think 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 practically it for th.