so i have actually been using etoro for several years now…Como Saber O Numero Da Minha Carteira No Etoro… and i have to say since my last etoro evaluation video the platform itself has altered a hell of a lot i believed what better chance with the new year to offer a new review on etoro talk about the good points the bad points and the things that etoro frantically needs to improve on if it is indeed to compete with the likes of robin hood when it opens stock trading in the us so if you are new to investing or are simply looking for a new brokerage account and etoro is an option then this video is for you all i ask in return is if you find this video beneficial you carefully tap that like button to assist me out with the youtube gods and without more ado let’s get on with the video so right off the bat i want to clarify etoro is not the sole brokerage account i use i do have numerous accounts of them and i have utilized them for a number of years nevertheless i do feel there is numerous areas that etor desperately requires to improve on if it is certainly to compete and i’ll be quite extreme in criticizing them in this video i feel like it’s only fair as someone who does utilize etoro on a daily basis to provide the severe and truthful truth on the negative side as well as the positive side nevertheless overall i do need to say i am excessively delighted with them and if you are looking for a second brokerage account or our brand-new investor i would just state jump in the minimums are quite low provide it a try and see if it fits your requirements and if you do so through the affiliate link down on the pinned
comment and follow the steps there you do actually get lifetime access to our lwt etoro discord so you can engage with other investors straight even if you do open the account realize it’s not for you that chatroom is easily available for you just follow the steps down on the pinned remarks let’s start about who etoro is and what they have to do with they are an absolute mega giant of a broker over here in europe and they are about to release stock trading in the us which i feel will be the greatest game changer for this company i need to say myself as someone who has actually operated in finance for over 15 years etoro are setting about it the proper way they are regulated in many different jurisdictions and they are broadening at the right speed making certain all the eyes are dotted all the t’s are crossed before they open in any jurisdiction for instance they are regulated with the fca over in the uk sysek over in cyprus they’re controlled in australia and obviously they are on the finra website over in the us as i stated u.s stock trading is coming soon however the fact that they are taking their time over in
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the us before they introduce stock trading over the in 2015 approximately is in fact an excellent sign for me due to the fact that they’re ensuring they don’t have a circumstance where they leave themselves open to suits or they ruin with guideline it seems every second week robin hood has some court case or some huge problem they have to deal with we have crypto brokers like binance over in the uk dealing with severe difficulty with the guideline and the fca there it appears that etoro are taking the right steps first prior to they launch making sure that the customers remain in the safest possible position and they do not leave themselves open i need to state this is a great sign for a modern brokerage with an app unlike the old standard saxo bank and interactive brokers a modern commission free platform more on that later going the right actions making sure that all the eyes are dotted or the t’s are crossed before they open in any location they are really working in this reveals me that etoro is aiming to stick around for the long term and they have clear aims of growing to be among the biggest brokerages on the planet now the minimum quantity required to open an account does vary on where you lie on screen now you can see the minimums offered but if you are from the us or the uk
the minimum to open an account is actually ten dollars and a lot of other nations it’s just fifty dollars so you can go on check this link it will be in the description and see how much it costs to open an account with etoro in your jurisdiction now like i said etoro is a commission complimentary brokerage but naturally brokers want to generate income so how the hell do they do that well the first obvious charge is if you take money out of your account there’s a 5 dollars fee however to be honest that probably gets involved transaction fees and he toro probably does not see that much of it the way they make their money is on something called a spread if you go onto most brokers nowadays unless you’re getting charged a flat rate you will see that when you purchase a stock and when you sell a stock there’s a little distinction in between normally it’s just an extremely little cost and that is called the spread that is the fee that etoro will potentially keep this trade that’s how they make money because they are not charging you a commission to open the trade they’re simply opening the trade at a somewhat higher rate and the easiest method of explaining this is if you bought say apple in this example on screen now and then you immediately put it in your portfolio you will see a minor loss on this trade week one day one minute one 2nd one which portion loss is how much it cost you to open that trade or you can even actually drop in the dollar charge of just how much it approximately cost you to open said trade nevertheless after utilizing this platform for a long period of time when you close the trade as well there is a small difference and what takes place here is etoro tends to calculate the distinction which is how much they’ve made i have actually tracked this for a long time and seen that
when i actually do close a trade rather a lot of the time the charge that i get charged is a lot less than the preliminary charge that i had for opening the trade itself but this is the normal basic structure these days for a great deal of brokers that provide commission free trades if you don’t wish to pay a spread you can go and open an interactive brokers account a saxo checking account or some of the other advanced platforms and you will get charged a fixed cost per trade but for me personally i think for newer investors especially this is a much cheaper method of doing things now what does etoro need to provide well they offer stocks etfs cryptocurrency cfds more on that in just a 2nd copy trading and lots of much more possessions like products and foreign exchange or currencies but having a platform that permits you to trade numerous sectors is definitely beneficial for example you can short bitcoin and go long silver you might also short the japanese yen and go long into gold there is several elements available with this platform and i feel in the modern day world we live in currency products things of the sort are absolutely more required in brokerage houses especially for the brand-new investor nevertheless i did discuss cfds though which is a contract for distinction these are generally contracts that brokerage or other organizations can offer a customer to buy a company typically it’s a method of having a lot more utilize without in fact owning any of the stock you are making an agreement with said institution now cfds are really not readily available to individuals in the us but they are offered to individuals over in europe and in the uk but i need to state provided the scariness of take advantage of and more than 60
of people trading cfds lose cash i just entirely keep away from cfds especially if you are a more recent or intermediate investor and on that too simply keep away from utilize it’s not truly great for your portfolio now before we proceed to the two most popular things with etoro and things that people tend to enjoy the most we need to speak about the stocks etfs and commodities now this is the biggest problem etoro has in my opinion and they are looking at changing this extremely soon in fact i think it is among their most significant objectives for 2022. now although etoro tends to have most the stocks that you wish to trade or etfs they don’t have them all and they are including them at a reasonably slow rate they do not want to add every penny stock under the sun that nobody’s actually trading like i stated they make their cash on the spread so the more people trading a stock the more cash they make if they included a low-cap cent stock that only one person’s trading every day they’re not going to make that much money so they are just adding stocks that they feel that a beneficial and b well less risky i actually see this as a bit of a positive for brand-new financiers although for someone like myself who’s had a lot more
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experience it is quite bothersome that some of the stocks that i do wish to trade or at least look at and not on the platform now that said i have spoken to etoro on this and they have actually guaranteed me that a lot more stocks at record volumes are going to be added this year so by the time this video comes out it may not even be that pertinent but i make sure if you are a torah user and watching this it can be frustrating that possibly one out of 10 stocks is actually not available on the platform so let’s hope etoro sees this video and it alters extremely soon now the two most popular things on etoro is the popular investing and the social platform program
Just offered in 43 states
All U.S. citizens can sign up for a virtual trading account. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee customers presently can not trade with eToro.
Alternatives to consider
If you wish to trade stocks and cryptocurrencies in the same location: Robinhood provides trading in stocks and choices, including fractional shares. In addition, it offers 7 various cryptocurrencies and charges no transaction charges.