so i have actually been using etoro for several years now…Etoro Deposito Minimo… and i have to say considering that my last etoro evaluation video the platform itself has actually changed a hell of a lot i thought what much better opportunity with the new year to give a brand-new review on etoro talk about the assets the bad points and the important things that etoro desperately needs to improve on if it is undoubtedly 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 just trying to find a new brokerage account and etoro is a choice then this video is for you all i ask in return is if you find this video useful you gently tap that like button to help me out with the youtube gods and without additional 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 several accounts of them and i have utilized them for several years however i do feel there is many locations that etor desperately needs to improve on if it is undoubtedly to compete and i’ll be rather severe in criticizing them in this video i seem like it’s only reasonable as somebody who does use etoro every day to provide the sincere and extreme reality on the unfavorable side in addition to the positive side nevertheless total i do need to state i am excessively delighted with them and if you are searching for a second brokerage account or our new financier i would simply say jump in the minimums are quite low provide it a try and see if it fits your requirements and if you do so via 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 directly even if you do open the account understand it’s not for you that chatroom is easily available for you just follow the steps down on the pinned comments let’s start about who etoro is and what they’re about they are an outright mega giant of a broker over here in europe and they will release stock trading in the us which i feel will be the most significant video game changer for this company i have to state myself as somebody who has operated in finance for over 15 years etoro are tackling it properly they are regulated in various jurisdictions and they are broadening at the right pace making sure all the eyes are dotted all the t’s are crossed before they open in any jurisdiction for instance they are managed with the fca over in the uk sysek over in cyprus they’re managed in australia and obviously they are on the finra website over in the us as i stated u.s stock trading is coming very soon nevertheless 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 or two is in fact an excellent sign for me because they’re making sure they do not have a scenario where they leave themselves open to suits or they screw up with guideline it appears every second week robin hood has some lawsuit or some big complaint they have to deal with we have crypto brokers like binance over in the uk dealing with severe problem with the fca and the regulation there it appears that etoro are taking the right steps first prior to they release making sure that the customers are in the most safe possible position and they don’t leave themselves open i need to state this is a terrific sign for a contemporary brokerage with an app unlike the old conventional saxo bank and interactive brokers a modern day commission complimentary platform more on that later going the ideal steps making sure that all the eyes are dotted or the t’s are crossed prior to they open in any area they are in fact operating in this reveals me that etoro is aiming to stay for the long term and they have clear objectives of growing to be one of the most significant brokerages in the world now the minimum quantity needed to open an account does differ on where you are located on screen now you can see the minimums offered however if you are from the us or the uk
the minimum to open an account is actually 10 dollars and a lot of other nations it’s just fifty dollars so you can go ahead inspect 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 stated etoro is a commission complimentary brokerage however obviously brokers wish to earn money so how the hell do they do that well the first apparent cost is if you take money out of your account there’s a five dollars fee however to be honest that most likely gets involved transaction costs and he toro most likely doesn’t see that much of it the way they make their cash is on something called a spread if you go onto many brokers nowadays unless you’re getting charged a flat rate you will see that when you buy a stock and when you sell a stock there’s a little distinction in between typically it’s just a very small fee and that is called the spread that is the fee that etoro will potentially keep this trade that’s how they earn money because they are not charging you a commission to open the trade they’re just opening the trade at a slightly greater cost and the most convenient way of explaining this is if you bought state apple in this example on screen now and then you instantly put it in your portfolio you will see a minor loss on this trade week one day one minute one second one which portion loss is how much it cost you to open that trade or you can even really drop in the dollar cost of just how much it approximately cost you to open stated trade however after utilizing this platform for a long time when you close the trade too there is a minor difference and what takes place here is etoro tends to calculate the distinction and that is how much they have actually made i have actually tracked this for a long period of time and seen that
when i in fact do close a trade rather a lot of the time the fee that i get charged is a lot less than the preliminary fee that i had for opening the trade itself but this is the normal standard structure nowadays for a great deal of brokers that provide commission free trades if you do not want to pay a spread you can go and open an interactive brokers account a saxo bank account or a few of the other advanced platforms and you will get charged a repaired charge per trade but for me personally i think for more recent financiers specifically this is a more affordable method of doing things now what does etoro have to provide well they use stocks etfs cryptocurrency cfds more on that in just a second copy trading and many much more possessions like commodities and foreign exchange or currencies but having a platform that permits you to trade numerous sectors is certainly advantageous for example you can short bitcoin and go long silver you might also short the japanese yen and go long into gold there is many different aspects available with this platform and i feel in the contemporary world we live in currency commodities things of the sort are certainly more needed in brokerage homes particularly for the new financier nevertheless i did discuss cfds though which is a contract for difference these are basically agreements that brokerage or other organizations can provide a client to buy a company usually it’s a way of having a lot more take advantage of without actually owning any of the stock you are earning an agreement with said organization now cfds are in fact not offered to individuals in the us however they are available to individuals over in europe and in the uk but i have to state given the scariness of take advantage of and more than 60
of individuals trading cfds lose money i simply totally stay away from cfds specifically if you are a more recent or intermediate financier and on that also just stay away from take advantage of it’s not truly great for your portfolio now before we proceed to the two most popular things with etoro and things that individuals tend to like the most we require to speak about the stocks etfs and commodities now this is the most significant issue etoro has in my opinion and they are looking at changing this very very soon in fact i think it’s one of 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 fairly sluggish rate they do not wish to add every penny stock under the sun that no one’s really trading like i stated they make their money on the spread so the more people trading a stock the more money they make if they added in a low-cap cent stock that only one individual’s trading every day they’re not going to make that much money so they are just adding stocks that they feel that an useful and b well less dangerous i in fact see this as a little a positive for new financiers although for someone like myself who’s had a lot more
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experience it is rather annoying that a few of the stocks that i do want to trade or a minimum of look at and not on the platform now that said i have spoken with etoro on this and they have assured 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 relevant but i make sure if you are a torah user and watching this it can be irritating that possibly one out of 10 stocks is in fact not offered on the platform so let’s hope etoro watches this video and it alters extremely very soon now the two most popular things on etoro is the popular investing and the social platform program
Only 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 consumers presently can not trade with eToro.
Alternatives to consider
If you want to trade stocks and cryptocurrencies in the same location: Robinhood uses trading in stocks and alternatives, consisting of fractional shares. In addition, it provides 7 different cryptocurrencies and charges no deal fees.