so i’ve been using etoro for a number of years now…Invertir A Largo Plazo En Etoro… and i need to state since my last etoro review video the platform itself has altered a hell of a lot i believed what much better chance with the brand-new year to provide a brand-new evaluation on etoro discuss the assets the bad points and the important things that etoro frantically requires to improve on if it is indeed to compete with the similarity robin hood when it opens stock trading in the us so if you are brand-new to investing or are just searching for a new brokerage account and etoro is a choice then this video is for you all i ask in return is if you discover this video beneficial you gently tap that like button to assist 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 locations that etor frantically needs to improve on if it is indeed to compete and i’ll be quite extreme in criticizing them in this video i seem like it’s only reasonable as somebody who does utilize etoro daily to offer the severe and honest truth on the unfavorable side in addition to the positive side however general i do need to state i am excessively pleased with them and if you are looking for a second brokerage account or our new investor i would just say jump in the minimums are rather 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 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 understand it’s not for you that chatroom is readily offered for you just 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 launch stock trading in the us which i feel will be the greatest game changer for this business i have to say myself as somebody who has actually worked in finance for over 15 years etoro are setting about it the proper way they are controlled in several jurisdictions and they are expanding at the right speed 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 naturally 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 so is really a good sign for me due to the fact that they’re ensuring they don’t have a situation where they leave themselves open to lawsuits or they ruin with guideline it appears every second week robin hood has some court case or some huge grievance they need to handle we have crypto brokers like binance over in the uk facing serious problem with the regulation and the fca there it appears that etoro are taking the right actions initially prior to they introduce ensuring that the customers are in the safest possible position and they do not leave themselves open i have to state this is a terrific sign for a contemporary brokerage with an app unlike the old traditional saxo bank and interactive brokers a modern commission complimentary platform more on that later going the best actions ensuring that all the eyes are dotted or the t’s are crossed prior to they open in any location they are actually operating in this reveals me that etoro is aiming to remain for the long term and they have clear goals of growing to be among the most significant brokerages worldwide now the minimum amount needed to open an account does differ on where you lie 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 countries it’s only fifty dollars so you can go ahead examine 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 totally free brokerage however of course brokers want to generate income so how the hell do they do that well the first obvious cost is if you take money out of your account there’s a 5 dollars fee but to be sincere that most likely gets involved deal fees and he toro probably doesn’t see that much of it the method they make their cash 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 offer a stock there’s a little difference in between usually it’s simply an extremely small cost and that is called the spread that is the charge that etoro will possibly keep on 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 simply opening the trade at a slightly higher price and the simplest way of describing this is if you purchased state 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 percentage loss is just how much it cost you to open that trade or you can even really see the dollar and go fee of how much it roughly cost you to open said trade nevertheless after using this platform for a long period of time when you close the trade as well there is a slight difference and what occurs here is etoro tends to calculate the distinction which is how much they’ve 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 initial cost that i had for opening the trade itself but this is the typical basic structure these days for a great deal of brokers that use commission free trades if you don’t want to pay a spread you can go and open an interactive brokers account a saxo bank account or some of the other advanced platforms and you will get charged a repaired charge per trade but for me personally i think for more recent investors especially this is a more affordable way 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 numerous much more possessions like products and forex or currencies but having a platform that enables you to trade numerous sectors is absolutely helpful for instance you can short bitcoin and go long silver you might also short the japanese yen and go long into gold there is various elements available with this platform and i feel in the contemporary world we reside in currency commodities things of the sort are certainly more needed in brokerage houses specifically for the brand-new financier nevertheless i did discuss cfds though which is a contract for distinction these are generally agreements that brokerage or other institutions can provide a customer 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 a contract with stated institution now cfds are really not available to people in the us however they are available to people over in europe and in the uk however i have to say offered the scariness of leverage and more than 60
of individuals trading cfds lose cash i just totally keep away from cfds specifically if you are a more recent or intermediate investor and on that too simply stay away from take advantage of it’s not really great for your portfolio now prior to we proceed to the two most popular things with etoro and things that people tend to like the most we require to speak about the stocks etfs and commodities now this is the most significant problem etoro has in my viewpoint and they are looking at altering this really very soon in fact i think it is among their greatest goals 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 including them at a reasonably slow rate they do not wish to include every cent stock under the sun that nobody’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 individual’s trading every day they’re not going to make that much cash so they are only including stocks that they feel that a helpful and b well less risky i really see this as a bit of a favorable for brand-new investors although for somebody like myself who’s had a lot more
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experience it is quite 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 said i have actually spoken to etoro on this and they have assured 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 appropriate but i’m sure if you are a torah user and watching this it can be bothersome that possibly one out of 10 stocks is in fact not readily available on the platform so let’s hope etoro sees this video and it changes extremely soon now the two most popular things on etoro is the popular investing and the social platform 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 think about
If you wish to trade stocks and cryptocurrencies in the same place: Robinhood provides trading in stocks and choices, including fractional shares. In addition, it provides 7 various cryptocurrencies and charges no deal charges.