the consensus remains in regards to our analysts stating to buy to hold to sell the stock all the scores where it’s come from Localbitcoins Vs Etoro…
so i believe there’s a great deal of curiosity about i do get a great deal of questions asking me about the platform so i thought i would do a fast video simply taking you through the pros and cons the important things that i believe 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 want to give it a go let’s jump directly in so the very first huge pro for me is the fact that they have analyst rankings and research study i definitely love this it’s got an entire page for each of the stocks just informing you what analysts are stating and doing about the stock so you can see here for example on johnson and johnson what it appears like it offers 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 offering or buying and the expert transactions too so it just reveals you whether experts have bought the shares um over the last few months or not i believe this is absolutely great and shown in an actually simple format so for me this is a big plus for the platform a 2nd big plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective however i believe this decreases your forex risk so in theory you might just top up a bigger amount when the currency remains in your favor and just hold the money waiting to invest it for a great deal of the platforms you need to pay the fx fees every time that you make a deal whereas here that doesn’t 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 3rd big pro of the platform in my opinion is that it gives you gain access to not simply to stocks however also to products and cryptocurrency clearly this isn’t actually something that beginners ought to dabble in however it does have that choice 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 actually enter and talk to people comment on post see what people are posting about each private stock almost have like conversations about it and you can really look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are buying including the popular traders you can see the earnings they have actually made and everything it is extremely transparent and i think it’s truly excellent because you typically get like alerts saying like so many people are talking about tesla today like see all the posts
here and it’s actually cool just to see what individuals are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have two options i think i’ve mentioned 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 have actually discussed this before however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s really cool and i think it’s a huge 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 substantial plus for me the final pro from my point of view is it’s simply got an actually great layout dashboard and the method it’s established so unlike the other platforms that i usage at the moment they have an actually truly great desktop variation it looks really clean easy to use i didn’t truly have any concerns with figuring out what to do i like that for each stock you can enter and see everything in one place you understand you can click
on the chart you can click the research you can click the news and it will just tell 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 information on the main portfolio page which i truly like now for the cons i think there are 3 main cons in regards to in my opinion clearly 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 think it is a bit too easy to trade cfds so due to the fact that the cfd platform and the typical trading platform are integrated into one it makes it quite easy for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and inadvertently open a cfd which is actually excellent which’s basically among the main reasons that i do use them so it’s not actually something to stress over mistakenly doing but i normally think that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail financiers i understand several people who have actually lost rather a lot of cash um not on really however still trading cfds so i believe normally there should probably be a little bit more it’s going to state guideline however simply typically a little more like a few more
hoops to jump through if you will um to open a cfd trade secondly the fees so this is something that turns up a lot when i speak about is individuals grumbling about the charges now yes whilst you might compare to particular platforms that have lower charges there are also loads of platforms that have much higher costs so swings and roundabouts actually everything depends on the big picture um they have a five dollar withdrawal charge is that really that much maybe if you’re constantly 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 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 costs on their cost page but usually the actual investing into stocks is commission complimentary so as soon as you have actually topped up you can do as numerous deals as you want in terms of buying underlying assets without paying additional fees and lastly the last con from me is the portfolio history so i find it a bit difficult to determine sort of what i have actually invested where i have 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 also i’ve still not actually found out the dividends and how that shows up so that potentially is like a little a 50 50 for me not quite sure yet to watch this space that’s basically it if you are interested in giving them a go i do have a recommendation link down below that you can utilize and you don’t even need to top up you can just utilize the virtual portfolio at first just to see what you believe find out the platform and then make a decision on whether you want to use it or not so i ‘d enjoy to understand your ideas if you do try it out what you think of it and yeah that’s practically it for th.