so i’ve been utilizing etoro for several years now…Migliori Investitori Su Etoro… and i need to say since my last etoro evaluation video the platform itself has changed a hell of a lot i believed what much better opportunity with the brand-new year to give a brand-new review on etoro discuss the good points 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 new to investing or are simply trying to find 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 useful you gently tap that like button to assist me out with the youtube gods and without more ado let’s proceed with the video so right off the bat i wish to clarify etoro is not the sole brokerage account i use i do have numerous accounts of them and i have actually used them for several years nevertheless i do feel there is lots of areas that etor desperately needs to improve on if it is certainly to complete and i’ll be quite severe in criticizing them in this video i feel like it’s only reasonable as somebody who does utilize etoro every day to offer the severe and truthful fact on the negative side as well as the positive side however overall i do need to say i am excessively pleased with them and if you are trying to find a 2nd brokerage account or our new financier i would simply say 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
comment and follow the actions there you do in fact get life time access to our lwt etoro discord so you can communicate with other financiers directly even if you do open the account realize it’s not for you that chat room is easily available 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 introduce stock trading in the us which i feel will be the biggest video game changer for this company i need to state myself as someone who has actually operated in financing for over 15 years etoro are tackling it the right way they are managed in various jurisdictions and they are broadening at the right pace making certain all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for example they are managed with the fca over in the uk sysek over in cyprus they’re controlled in australia and obviously they are on the finra website over in the us as i said u.s stock trading is coming soon nevertheless the fact that they are taking their time over in
etoro reviews uk Migliori Investitori Su Etoro
the us prior to they introduce stock trading over the in 2015 or so is really a good sign for me due to the fact that they’re making sure they don’t have a situation where they leave themselves open to lawsuits or they screw up with regulation it appears every second week robin hood has some lawsuit or some big complaint they need to handle we have crypto brokers like binance over in the uk facing major problem with the policy and the fca there it appears that etoro are taking the best steps first before they introduce ensuring that the customers remain in the most safe possible position and they do not leave themselves open i need to state this is an excellent sign for a contemporary brokerage with an app unlike the old traditional saxo bank and interactive brokers a modern day commission complimentary platform more on that later going the right steps making sure that all the eyes are dotted or the t’s are crossed prior to they open in any area they are in fact working in this reveals me that etoro is looking to remain for the long term and they have clear aims of growing to be one of the biggest brokerages on the planet now the minimum amount required to open an account does differ 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 ten dollars and a lot of other nations it’s just fifty dollars so you can go on examine 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 obviously brokers wish to generate income so how the hell do they do that well the first obvious charge is if you take cash out of your account there’s a 5 bucks charge but to be sincere that most likely gets involved transaction fees and he toro most likely doesn’t see that much of it the method they make their money is on something called a spread if you go onto many 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 difference in between usually it’s simply a very little cost which is called the spread that is the fee that etoro will potentially keep this trade that’s how they make money since they are not charging you a commission to open the trade they’re simply opening the trade at a somewhat greater rate and the simplest method of describing this is if you bought state apple in this example on screen from time to time 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 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 using this platform for a long time when you close the trade too there is a small difference and what takes place here is etoro tends to compute the difference which is just how much they’ve made i have actually tracked this for a very long time and seen that
when i in fact do close a trade rather a great deal 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 but this is the regular standard structure these days for a lot of brokers that offer commission free trades if you don’t 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 fixed charge per trade but for me personally i believe for newer investors especially this is a much cheaper way of doing things now what does etoro have to provide well they use stocks etfs cryptocurrency cfds more on that in simply a second copy trading and many many more assets like products and forex or currencies but having a platform that permits you to trade multiple sectors is definitely useful for instance you can short bitcoin and go long silver you could likewise short the japanese yen and go long into gold there is various aspects offered with this platform and i feel in the modern world we reside in currency products things of the sort are definitely more required in brokerage houses particularly for the new financier however i did discuss cfds though which is a contract for distinction these are generally contracts that brokerage or other institutions can use a client to purchase a business usually it’s a way of having a lot more take advantage of without actually owning any of the stock you are making an agreement with stated institution now cfds are really not available to people in the us however they are readily available to people over in europe and in the uk but i need to say provided the scariness of leverage and more than 60
of individuals trading cfds lose cash i just completely keep away from cfds especially if you are a newer or intermediate investor and on that also simply stay away from utilize it’s not truly great 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 require to talk about the stocks etfs and commodities now this is the greatest problem etoro has in my opinion and they are looking at altering this really soon in fact i think it is among their greatest goals for 2022. now although etoro tends to have most the stocks that you wish to trade or etfs they don’t have them all and they are including them at a reasonably sluggish rate they do not want to include every cent stock under the sun that nobody’s actually trading like i stated they make their money on the spread out so the more people trading a stock the more money they make if they added in 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 just including stocks that they feel that an advantageous and b well less risky i in fact see this as a bit of 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 a minimum of look at and not on the platform now that stated i have actually spoken with etoro on this and they have actually guaranteed 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 certain if you are a torah user and enjoying this it can be bothersome that perhaps one out of 10 stocks is in fact not offered on the platform so let’s hope etoro sees this video and it alters very soon now the two most popular things on etoro is the popular investing and the social platform program
Only offered in 43 states
All U.S. homeowners can sign up for a virtual trading account. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee customers currently can not trade with eToro.
Alternatives to think about
If you wish to trade stocks and cryptocurrencies in the exact same location: Robinhood uses trading in stocks and options, consisting of fractional shares. In addition, it uses 7 various cryptocurrencies and charges no transaction costs.