so i have actually been using etoro for a number of years now…Etoro Etoro Parrainage… and i need to state because my last etoro evaluation video the platform itself has changed a hell of a lot i thought what better chance with the new year to give a brand-new evaluation on etoro discuss the assets the bad points and the things that etoro desperately needs to improve on if it is undoubtedly to take on the similarity robin hood when it opens stock trading in the us so if you are new to investing or are simply searching for a new brokerage account and etoro is an option then this video is for you all i ask in return is if you discover this video helpful you carefully tap that like button to assist me out with the youtube gods and without further ado let’s proceed with the video so right off the bat i wish to clarify etoro is not the sole brokerage account i utilize i do have numerous accounts of them and i have utilized them for numerous years nevertheless i do feel there is many locations that etor frantically needs to improve on if it is undoubtedly to compete and i’ll be quite harsh in criticizing them in this video i seem like it’s just reasonable as somebody who does use etoro on a daily basis to provide the harsh and honest reality on the negative side in addition to the positive side nevertheless total i do have to say i am excessively delighted with them and if you are looking for a 2nd brokerage account or our brand-new financier i would just state jump in the minimums are quite low give it a whirl and see if it fits your needs and if you do so via the affiliate link down on the pinned
remark and follow the actions there you do actually get lifetime access to our lwt etoro discord so you can connect with other investors straight even if you do open the account recognize it’s not for you that chat room is easily available for you simply follow the steps down on the pinned comments let’s start about who etoro is and what they’re about they are an absolute mega giant of a broker over here in europe and they are about to launch stock trading in the us which i feel will be the biggest game changer for this company i need to state myself as somebody who has actually operated in finance for over 15 years etoro are tackling it the proper way they are managed in several jurisdictions and they are expanding at the right speed making certain all the eyes are dotted all the t’s are crossed before they open in any jurisdiction for example they are regulated with the fca over in the uk sysek over in cyprus they’re regulated in australia and obviously they are on the finra site over in the us as i said u.s stock trading is coming very soon however the truth that they are taking their time over in
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the us before they release stock trading over the in 2015 or two is actually a great sign for me since they’re ensuring they don’t have a scenario where they leave themselves open to suits or they ruin with regulation it appears every second week robin hood has some court case or some huge complaint they need to handle we have crypto brokers like binance over in the uk facing serious trouble with the regulation and the fca there it seems that etoro are taking the right steps initially before they release making sure that the clients are in the most safe possible position and they don’t leave themselves open i have to state this is a great sign for a contemporary brokerage with an app unlike the old conventional saxo bank and interactive brokers a modern commission free platform more on that later going the ideal actions making certain that all the eyes are dotted or the t’s are crossed before they open in any area they are in fact working in this reveals me that etoro is seeking to remain for the long term and they have clear objectives of growing to be among the most significant brokerages worldwide now the minimum amount needed to open an account does vary 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 really 10 dollars and a lot of other nations it’s only fifty dollars so you can proceed inspect this link it will remain in the description and see just how much it costs to open an account with etoro in your jurisdiction now like i said etoro is a commission free brokerage however of course brokers want to earn money so how the hell do they do that well the first apparent charge is if you take money out of your account there’s a 5 dollars fee but to be sincere that most likely gets involved transaction charges and he toro probably does not see that much of it the method 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 difference in between usually it’s just an extremely little fee which is called the spread that is the cost that etoro will possibly keep this trade that’s how they make money due to the fact that they are not charging you a commission to open the trade they’re just opening the trade at a slightly greater cost and the simplest method of explaining this is if you bought state apple in this example on screen now and then you quickly put it in your portfolio you will see a slight loss on this trade week one day one minute one second one and that percentage loss is how much it cost you to open that trade or you can even actually drop in the dollar cost of just how much it approximately cost you to open said trade nevertheless after using this platform for a long time when you close the trade too there is a small difference and what happens here is etoro tends to determine the difference and that is just how much they have actually made i have tracked this for a very long time and seen that
when i in fact do close a trade quite a lot of the time the charge that i get charged is a lot less than the initial charge that i had for opening the trade itself but this is the normal standard structure these days for a great deal of brokers that use commission free trades if you do not want to pay a spread you can go and open an interactive brokers account a saxo checking account or a few of the other more advanced platforms and you will get charged a repaired charge per trade but for me personally i believe for newer financiers specifically this is a more affordable method of doing things now what does etoro need to use well they offer stocks etfs cryptocurrency cfds more on that in simply a second copy trading and numerous many more properties like products and forex or currencies but having a platform that permits you to trade multiple sectors is definitely helpful for example you can short bitcoin and go long silver you could also short the japanese yen and go long into gold there is many different elements readily available with this platform and i feel in the modern world we live in currency commodities things of the sort are certainly more needed in brokerage houses particularly for the brand-new investor however i did point out cfds though which is a contract for difference these are generally contracts that brokerage or other organizations can provide a customer to purchase a company usually it’s a method of having a lot more utilize without in fact owning any of the stock you are making an agreement with stated organization now cfds are in fact not offered to people in the us but they are offered to individuals over in europe and in the uk however i have to say given the scariness of leverage and more than 60
of individuals trading cfds lose cash i just totally keep away from cfds especially if you are a more recent or intermediate investor and on that too just stay away from leverage it’s not really good for your portfolio now prior to we move on to the two most popular things with etoro and things that people tend to enjoy the most we need to talk about the stocks etfs and products now this is the greatest problem etoro has in my opinion and they are taking a look at changing this really very soon in fact i believe it’s one of their biggest objectives for 2022. now although etoro tends to have most the stocks that you wish to trade or etfs they do not have them all and they are including them at a fairly slow rate they do not want to add every cent stock under the sun that no one’s actually trading like i said they make their money on the spread out 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 an advantageous and b well less dangerous i in fact see this as a little a favorable for new investors although for somebody 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 at least take a look at and not on the platform now that said i have actually talked 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 might not even be that pertinent but i’m sure if you are a torah user and viewing this it can be irritating that perhaps one out of 10 stocks is actually not offered on the platform so let’s hope etoro views this video and it alters really very soon now the two most popular things on etoro is the popular investing and the social platform program
Just readily available in 43 states
All U.S. homeowners can register for a virtual trading account. There are only 43 states (along with Washington D.C. and the Northern Mariana Islands) where you can utilize real money to purchase and sell cryptocurrencies. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee consumers currently can not trade with eToro. The company aims to have 50-state schedule ultimately. Up until then, some traders will have to look somewhere else.
Alternatives to consider
If you wish to trade stocks and cryptocurrencies in the very same place: Robinhood provides trading in stocks and choices, including fractional shares. In addition, it provides 7 different cryptocurrencies and charges no transaction fees.