so i’ve been utilizing etoro for a number of years now…Etoro Huong Dan Dang Ky Tai Khoan… and i need to say considering that my last etoro review video the platform itself has actually altered a hell of a lot i thought what much better chance with the brand-new year to give a new evaluation 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 beneficial you carefully tap that like button to assist me out with the youtube gods and without additional 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 several accounts of them and i have actually utilized them for numerous years however i do feel there is many locations that etor frantically requires to improve on if it is undoubtedly to contend and i’ll be rather harsh in slamming them in this video i seem like it’s only fair as somebody who does utilize etoro every day to provide the severe and sincere fact on the negative side as well as the positive side nevertheless total i do need to say i am overly pleased with them and if you are looking for a second brokerage account or our brand-new investor i would just say jump in the minimums are rather low offer 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 in fact get life time 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 chat room is readily offered for you simply 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 outright 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 most significant video game changer for this business i have to say myself as somebody who has operated in finance for over 15 years etoro are setting about it the right way they are regulated in many different jurisdictions and they are broadening at the right speed ensuring all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for instance 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 soon nevertheless the reality that they are taking their time over in
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the us prior to they launch stock trading over the in 2015 approximately is really a good sign for me since they’re making certain they don’t have a situation 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 big complaint they have to deal with we have crypto brokers like binance over in the uk dealing with major difficulty with the fca and the regulation there it seems that etoro are taking the best actions initially before they release making certain that the customers are in the most safe possible position and they do not leave themselves open i have to state this is a great sign for a contemporary brokerage with an app unlike the old standard saxo bank and interactive brokers a modern commission complimentary platform more on that later going the best steps making sure that all the eyes are dotted or the t’s are crossed before they open in any location they are actually operating in this shows me that etoro is aiming to stick around for the long term and they have clear aims of growing to be among the most significant brokerages worldwide now the minimum quantity needed to open an account does vary on where you are located 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 in fact 10 dollars and a lot of other countries it’s only fifty dollars so you can go on inspect this link it will be 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 complimentary brokerage however naturally brokers wish to earn money so how the hell do they do that well the very first obvious cost is if you take money out of your account there’s a five bucks cost but to be truthful that probably gets involved deal charges and he toro most likely doesn’t see that much of it the method they make their cash is on something called a spread if you go onto the majority of brokers these days unless you’re getting charged a flat rate you will see that when you buy a stock and when you offer a stock there’s a little difference in between normally it’s just an extremely little cost and that is called the spread that is the charge that etoro will possibly continue 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 price and the most convenient way of describing this is if you bought say apple in this example on screen once in a while you quickly put it in your portfolio you will see a small 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 in fact see the dollar and go cost of how much it roughly cost you to open stated trade however after utilizing this platform for a very long time when you close the trade as well there is a minor distinction and what takes place here is etoro tends to calculate the distinction which is just how much they have actually made i have 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 initial fee that i had for opening the trade itself however this is the regular basic structure these days for a lot of brokers that use 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 repaired fee per trade but for me personally i think for newer financiers specifically this is a much cheaper way of doing things now what does etoro need to use well they provide stocks etfs cryptocurrency cfds more on that in simply a second copy trading and many a lot more assets like products and foreign exchange or currencies but having a platform that allows you to trade several sectors is certainly advantageous for instance you can short bitcoin and go long silver you could also short the japanese yen and go long into gold there is several aspects readily available with this platform and i feel in the contemporary world we reside in currency products things of the sort are absolutely more required in brokerage houses specifically for the new financier however i did discuss cfds though which is a contract for distinction these are basically contracts that brokerage or other organizations can provide a client to purchase a company usually it’s a method of having a lot more utilize without really owning any of the stock you are making a contract with stated institution now cfds are actually not available to individuals in the us but they are offered to people over in europe and in the uk however i need to say given the scariness of leverage and more than 60
of people trading cfds lose money i simply totally stay away from cfds particularly if you are a more recent or intermediate financier and on that as well just stay away from take advantage of it’s not truly helpful for your portfolio now before we proceed to the two most popular things with etoro and things that people tend to love the most we need to talk about the stocks etfs and products now this is the biggest problem etoro has in my opinion and they are looking at altering this extremely very 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 want to trade or etfs they don’t have them all and they are adding them at a reasonably sluggish rate they do not wish to include every cent stock under the sun that no one’s really trading like i stated they make their cash on the spread so the more individuals 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 including stocks that they feel that a beneficial and b well less dangerous i actually see this as a little a favorable for new investors although for someone like myself who’s had a lot more
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experience it is rather annoying that some of the stocks that i do wish to trade or at least take a look at and not on the platform now that stated i have talked to etoro on this and they have promised me that a lot more stocks at record volumes are going to be included this year so by the time this video comes out it may not even be that pertinent however i make sure if you are a torah user and seeing this it can be bothersome that perhaps one out of 10 stocks is in fact not readily available on the platform so let’s hope etoro enjoys this video and it alters really soon now the two most popular things on etoro is the social platform and the popular investing program
Just offered in 43 states
All U.S. residents 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 wish to trade stocks and cryptocurrencies in the very same location: Robinhood provides trading in stocks and options, including fractional shares. In addition, it provides 7 different cryptocurrencies and charges no deal charges.