so i have actually been utilizing etoro for a number of years now…Etoro Plantilla… and i need to say given that my last etoro evaluation video the platform itself has actually altered a hell of a lot i thought what much better chance with the new year to offer a brand-new review on etoro discuss the good points the bad points and the important things that etoro desperately needs to improve on if it is indeed to take on the likes of robin hood when it opens stock trading in the us so if you are brand-new to investing or are just looking for a new brokerage account and etoro is an alternative 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 help me out with the youtube gods and without more ado let’s proceed with the video so right off the bat i want to clarify etoro is not the sole brokerage account i utilize i do have several accounts of them and i have utilized them for a number of years nevertheless i do feel there is many areas that etor desperately needs to improve on if it is certainly to compete and i’ll be rather severe in criticizing them in this video i seem like it’s only fair as someone who does use etoro on a daily basis to provide the sincere and extreme reality on the unfavorable side in addition to the positive side nevertheless overall i do need to say i am overly happy with them and if you are looking for a second brokerage account or our new investor i would just state 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 communicate with other investors directly even if you do open the account realize it’s not for you that chatroom is easily available for you simply follow the steps down on the pinned comments 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 introduce stock trading in the us which i feel will be the greatest video game changer for this business i need to say myself as someone who has operated in finance for over 15 years etoro are tackling it properly they are regulated in various jurisdictions and they are expanding at the best pace 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 controlled in australia and of course they are on the finra website over in the us as i stated 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 introduce stock trading over the in 2015 approximately is in fact a great sign for me because they’re ensuring they do not have a scenario where they leave themselves open to suits or they mess up with regulation it appears every second week robin hood has some court case or some big complaint they need to handle we have crypto brokers like binance over in the uk dealing with serious problem with the fca and the guideline there it appears that etoro are taking the right steps first before they release ensuring that the clients remain in the best 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 contemporary commission complimentary platform more on that later going the ideal actions making certain that all the eyes are dotted or the t’s are crossed prior to they open in any area they are really operating in this reveals me that etoro is seeking to stick around for the long term and they have clear objectives of growing to be one of the greatest brokerages on the planet now the minimum amount needed to open an account does differ 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 ten dollars and a great deal of other nations it’s just fifty dollars so you can go on check 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 but naturally brokers wish to make money so how the hell do they do that well the first obvious cost is if you take cash out of your account there’s a 5 bucks cost but to be honest that most likely gets involved transaction fees and he toro probably doesn’t see that much of it the way they make their cash is on something called a spread if you go onto a lot of 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 typically it’s simply an extremely little cost and that is called the spread that is the cost that etoro will possibly 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 higher price and the simplest way of explaining this is if you purchased say apple in this example on screen once in a while you immediately 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 actually see the dollar and go fee of 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 distinction and what takes place here is etoro tends to compute the distinction which is just how much they’ve made i have tracked this for a long time and seen that
when i actually do close a trade quite 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 regular basic structure these days for a great deal of brokers that use commission open markets if you don’t wish to pay a spread you can go and open an interactive brokers account a saxo savings account or a few of the other more advanced platforms and you will get charged a repaired fee per trade but for me personally i believe for newer investors particularly this is a much cheaper method of doing things now what does etoro have to offer well they offer stocks etfs cryptocurrency cfds more on that in simply a 2nd copy trading and lots of much more properties like products and forex or currencies however having a platform that allows you to trade numerous sectors is absolutely useful for example you can short bitcoin and go long silver you could likewise 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 reside in currency products things of the sort are absolutely more required in brokerage homes especially for the brand-new investor however i did point out cfds though which is a contract for difference these are basically contracts that brokerage or other institutions can use a client to buy a business 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 organization now cfds are actually not available to people in the us however they are readily available to individuals over in europe and in the uk however i need to say given the scariness of utilize and more than 60
of people trading cfds lose money i simply entirely keep away from cfds particularly if you are a newer or intermediate financier and on that also simply keep away from leverage it’s not really good for your portfolio now before we proceed to the two most popular things with etoro and things that individuals tend to enjoy the most we need to speak about the stocks etfs and commodities now this is the greatest problem etoro has in my opinion and they are taking a look at changing this 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 want to trade or etfs they do not have them all and they are adding them at a fairly slow rate they do not want to add every penny stock under the sun that no one’s really trading like i stated they make their cash on the spread out so the more individuals trading a stock the more cash they make if they added in a low-cap cent stock that only one person’s trading each and every single 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 risky i really see this as a little a positive for new investors 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 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 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 might not even be that appropriate but i’m sure if you are a torah user and watching this it can be annoying that possibly one out of 10 stocks is in fact not available on the platform so let’s hope etoro watches 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 available in 43 states
All U.S. locals can sign up for a virtual trading account. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee clients presently can not trade with eToro.
Alternatives to think about
If you wish to trade stocks and cryptocurrencies in the same place: Robinhood provides trading in stocks and options, consisting of fractional shares. In addition, it offers 7 different cryptocurrencies and charges no transaction charges.