the consensus remains in terms of our analysts stating to buy to hold to offer the stock all the rankings where it’s originated from Etoro Spread Fees Too High…
so i believe there’s a great deal of interest about i do get a great deal of concerns asking me about the platform so i thought i would do a quick video simply taking you through the pros and cons the important things that i think are great about the platform and the 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 dive directly in so the very first big pro for me is the reality that they have expert scores and research study i definitely like this it’s got an entire page for each of the stocks simply informing you what analysts are stating 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 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 offering or purchasing and the insider deals too so it just reveals you whether insiders have purchased the shares um over the last few months or not i think this is absolutely terrific and shown in a truly easy format so for me this is a huge plus for the platform a second huge plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective however i think this decreases your forex risk so in theory you could simply top up a bigger amount when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx costs each time that you make a deal whereas here that does not occur you simply 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 finest if you invest a lot into u.s stocks the third big pro of the platform in my viewpoint is that it provides you gain access to not just to stocks however also to commodities and cryptocurrency obviously this isn’t actually something that novices must dabble in but it does have that choice for those of you who have an interest in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can literally enter and speak to individuals talk about post see what people are posting about each individual stock practically have like discussions about it and you can actually look at individuals’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 everything it is very transparent and i think it’s actually great because you often get like notices saying thus many people are discussing 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 is in my viewpoint the copy portfolios so they have two options i believe i have actually pointed out before 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 spoken about this before however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s sort of like an etf in my viewpoint um it’s truly cool and i think it’s a big plus of the platform because they’ve got loads of different 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 nice layout control panel and the way it’s set up so unlike the other platforms that i use at the moment they have a really really good desktop variation it looks actually clean easy to use i didn’t really have any problems with determining 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 on the research you can click the news and it will simply tell you all the news about that particular stock it’s really cool and also your portfolio simply looks clean and actually good and in fact has a great deal of data on the main portfolio page which i really like now for the cons i believe there are three main cons in terms of in my viewpoint plainly they’re not ones that have actually put me off utilizing the platform um you understand i have actually done portfolio updates i utilize them myself however ones to be knowledgeable about the very first one i believe it is a bit too simple 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 easy for individuals to trade cfds now they do put
cautions in place and it’s not like you can just click a button and unintentionally open a cfd which is really excellent and that’s pretty much one of the primary reasons that i do utilize them so it’s not actually something to worry about mistakenly doing but i usually believe that a great deal of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i know quite a few people who’ve lost rather a lot of money um not on actually however still trading cfds so i believe normally there ought to probably be a bit more it’s going to state policy however simply typically a little more like a few more
hoops to leap through if you will um to open a cfd trade secondly 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 costs so swings and roundabouts actually all of it depends on the big picture um they have a 5 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 possibly that’s a lot but if you’re investing long term and you’re only going to be securing like a thousand pounds at a time then does it actually matter most likely not so just weigh that up um when you when you take a look at it there’s a few other charges on their cost page but typically the real investing into stocks is commission free so as soon as you have actually topped up you can do as numerous deals as you want in terms of purchasing underlying assets without paying additional fees and finally the last con from me is the portfolio history so i find it a little bit tough to find out sort of what i have actually invested where i need to go into each private stock just to see when i’ve 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 investments if possible and likewise i have actually still not really figured out the dividends and how that shows up so that potentially resembles a little bit of 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 referral link down below that you can utilize and you do not even need to top up you can simply utilize the virtual portfolio at first just to see what you believe find out the platform and then decide 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 pretty much it for th.