so i’ve been utilizing etoro for a number of years now…Guia Para Invertir En Etoro… and i have to say since my last etoro review video the platform itself has actually changed a hell of a lot i believed what better opportunity with the new year to offer a new evaluation on etoro talk about the assets the bad points and the things that etoro desperately requires 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 searching for a new brokerage account and etoro is an alternative 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 help 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 utilize i do have a number of accounts of them and i have used them for several years nevertheless i do feel there is lots of areas that etor desperately needs to improve on if it is undoubtedly to complete and i’ll be rather extreme in slamming them in this video i feel like it’s just reasonable as somebody who does utilize etoro on a daily basis to give the harsh and truthful reality on the unfavorable side as well as the positive side however overall i do need to state i am extremely pleased with them and if you are looking for a second brokerage account or our brand-new financier i would just say jump in the minimums are rather low provide it a whirl and see if it fits your needs and if you do so by means of the affiliate link down on the pinned
remark and follow the steps there you do in fact get lifetime access to our lwt etoro discord so you can engage with other financiers directly even if you do open the account recognize it’s not for you that chat room is easily offered 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 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 biggest video game changer for this business i have to state myself as somebody who has worked in finance for over 15 years etoro are tackling it properly they are managed in several jurisdictions and they are broadening at the ideal pace ensuring 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 managed in australia and obviously they are on the finra site over in the us as i said u.s stock trading is coming soon however the fact that they are taking their time over in
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the us prior to they release stock trading over the last year or two is actually a good sign for me due to the fact that they’re making sure they do not have a situation where they leave themselves open to suits or they mess up with guideline it seems every second week robin hood has some lawsuit or some big problem they have to deal with we have crypto brokers like binance over in the uk dealing with serious trouble with the fca and the guideline there it seems that etoro are taking the right actions first before they introduce ensuring that the clients are in the safest possible position and they do not leave themselves open i need to say this is a great sign for a contemporary brokerage with an app unlike the old standard saxo bank and interactive brokers a contemporary commission free platform more on that later going the ideal steps making sure that all the eyes are dotted or the t’s are crossed before they open in any area they are actually working in this reveals me that etoro is aiming to remain for the long term and they have clear aims of growing to be one of the greatest brokerages in the world now the minimum amount needed to open an account does vary on where you are located on screen now you can see the minimums available but if you are from the us or the uk
the minimum to open an account is really ten dollars and a lot of other nations it’s only fifty dollars so you can go on check this link it will remain 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 totally free brokerage however naturally brokers wish to generate income so how the hell do they do that well the very first obvious fee is if you take cash out of your account there’s a 5 bucks charge however to be truthful that probably gets involved transaction fees and he toro probably doesn’t see that much of it the method they make their money is on something called a spread if you go onto most brokers these days 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 usually it’s just an extremely small charge which is called the spread that is the fee that etoro will possibly keep this trade that’s how they earn money since they are not charging you a commission to open the trade they’re just opening the trade at a somewhat higher cost and the easiest method 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 slight loss on this trade week one day one minute one second one and that portion 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 roughly cost you to open said trade nevertheless after using this platform for a very long time when you close the trade as well there is a slight distinction and what takes place here is etoro tends to compute the difference and that is how much they have actually made i have tracked this for a long period of time and seen that
when i really do close a trade rather a great deal of the time the fee that i get charged is a lot less than the preliminary cost that i had for opening the trade itself but this is the typical basic structure nowadays for a great deal of brokers that offer commission open markets if you do not 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 cost per trade but for me personally i believe for more recent financiers specifically this is a much cheaper method of doing things now what does etoro have to use well they provide stocks etfs cryptocurrency cfds more on that in just a 2nd copy trading and lots of a lot more possessions like products and foreign exchange or currencies but having a platform that allows you to trade numerous sectors is absolutely advantageous for instance you can short bitcoin and go long silver you might likewise short the japanese yen and go long into gold there is various elements offered with this platform and i feel in the contemporary world we live in currency products things of the sort are absolutely more required in brokerage homes especially for the new investor however i did mention cfds though which is a contract for distinction these are basically contracts that brokerage or other institutions can offer a customer to purchase a business usually it’s a method of having a lot more take advantage of without in fact owning any of the stock you are making an agreement with stated organization now cfds are actually not offered to individuals in the us but they are available to people over in europe and in the uk but i need to state given the scariness of leverage and more than 60
of people trading cfds lose cash i just totally stay away from cfds especially if you are a more recent or intermediate financier and on that too just keep away from leverage it’s not really helpful for your portfolio now before we proceed to the two most popular things with etoro and things that people tend to like the most we require to talk about the stocks etfs and commodities now this is the most significant issue etoro has in my opinion and they are looking at altering this very very soon in fact i think it’s one of their greatest goals 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 adding them at a relatively sluggish rate they do not want to include every cent stock under the sun that nobody’s really trading like i stated they make their money on the spread so the more people trading a stock the more cash they make if they included a low-cap penny stock that only one person’s trading every day they’re not going to make that much money so they are only adding stocks that they feel that a helpful and b well less dangerous i actually see this as a bit of a positive for new investors 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 wish to trade or at least take a look at and not on the platform now that said i have actually 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 pertinent but i’m sure if you are a torah user and viewing this it can be frustrating that perhaps one out of 10 stocks is actually not offered on the platform so let’s hope etoro views this video and it changes extremely 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. citizens can sign up for a virtual trading account. There are only 43 states (along with Washington D.C. and the Northern Mariana Islands) where you can use real money to purchase and sell cryptocurrencies. Delaware, Hawaii, Minnesota, New Hampshire, New York City, Nevada, and Tennessee consumers presently can not trade with eToro. The company intends to have 50-state accessibility eventually. Until then, some traders will have to look somewhere else.
Alternatives to think about
If you wish to trade stocks and cryptocurrencies in the very same place: Robinhood uses trading in stocks and alternatives, including fractional shares. In addition, it uses 7 various cryptocurrencies and charges no deal costs.