so i’ve been using etoro for a number of years now…Posso Fare Etoro Anche Se Minorenne… and i have to state since my last etoro review video the platform itself has actually altered a hell of a lot i believed what better opportunity with the brand-new year to provide a new evaluation on etoro talk about the assets the bad points and the important things that etoro desperately requires to improve on if it is certainly to compete with the likes of robin hood when it opens stock trading in the us so if you are brand-new to investing or are simply looking for a brand-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 advantageous you gently tap that like button to help me out with the youtube gods and without further 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 several accounts of them and i have utilized them for a number of years however i do feel there is many areas that etor desperately needs to improve on if it is undoubtedly to contend and i’ll be rather harsh in criticizing them in this video i feel like it’s just fair as somebody who does use etoro on a daily basis to provide the truthful and harsh truth on the negative side as well as the positive side nevertheless total i do need to say i am overly delighted with them and if you are searching for a 2nd brokerage account or our new investor i would simply say jump in the minimums are rather low give 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 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 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’re about they are an absolute mega giant of a broker over here in europe and they will release stock trading in the us which i feel will be the most significant game changer for this business i have to state myself as somebody who has operated in financing for over 15 years etoro are tackling it the right way they are managed in various jurisdictions and they are expanding at the best speed making sure all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for instance they are controlled with the fca over in the uk sysek over in cyprus they’re controlled in australia and of course they are on the finra site over in the us as i stated u.s stock trading is coming very 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 so is in fact a great sign for me due to the fact that they’re ensuring they don’t have a scenario where they leave themselves open to suits or they mess up with regulation it seems every second week robin hood has some court case or some huge complaint they have to deal with we have crypto brokers like binance over in the uk facing severe trouble with the guideline and the fca there it seems that etoro are taking the best actions first before they release ensuring that the customers are in the best possible position and they do not leave themselves open i need to state this is a fantastic sign for a modern day brokerage with an app unlike the old standard saxo bank and interactive brokers a modern commission complimentary platform more on that later going the ideal steps ensuring that all the eyes are dotted or the t’s are crossed before they open in any area they are really operating in this shows me that etoro is wanting to stick around for the long term and they have clear goals of growing to be among the biggest brokerages on the planet now the minimum amount needed to open an account does differ on where you lie 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 proceed examine 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 said etoro is a commission complimentary brokerage however obviously brokers want to make money so how the hell do they do that well the first obvious fee is if you take cash out of your account there’s a five dollars fee but to be sincere that probably gets involved deal fees and he toro most likely does not 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 generally it’s simply a really small cost and that is called the spread that is the charge that etoro will possibly keep on this trade that’s how they earn money since they are not charging you a commission to open the trade they’re simply opening the trade at a somewhat greater price and the easiest method of explaining this is if you purchased say apple in this example on screen now and then you instantly put it in your portfolio you will see a slight loss on this trade week one day one minute one 2nd one and that portion loss is just how much it cost you to open that trade or you can even actually see the dollar and go charge of just how much it approximately cost you to open stated trade however after using this platform for a long period of time when you close the trade as well there is a slight difference and what takes place here is etoro tends to calculate the distinction and that is just how much they have actually made i have actually tracked this for a long time and seen that
when i in fact do close a trade quite a great deal of the time the cost that i get charged is a lot less than the initial fee that i had for opening the trade itself but this is the typical basic 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 bank account or a few of the other advanced platforms and you will get charged a repaired charge per trade but for me personally i think for newer investors particularly this is a much cheaper method of doing things now what does etoro need to provide well they provide stocks etfs cryptocurrency cfds more on that in just a 2nd copy trading and lots of a lot more assets like products and forex or currencies but having a platform that enables you to trade multiple sectors is definitely advantageous for instance you can short bitcoin and go long silver you could likewise short the japanese yen and go long into gold there is several elements offered with this platform and i feel in the modern day world we reside in currency commodities things of the sort are definitely more required in brokerage houses particularly for the brand-new financier nevertheless i did point out cfds though which is a contract for distinction these are basically contracts that brokerage or other organizations can provide a customer to purchase a business generally 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 really not offered to people in the us however they are offered to people over in europe and in the uk but i need to state offered the scariness of take advantage of and more than 60
of people trading cfds lose cash i simply entirely keep away from cfds particularly if you are a more recent or intermediate investor and on that also just keep away from utilize it’s not truly good for your portfolio now prior to we proceed to the two most popular things with etoro and things that individuals tend to enjoy the most we require to discuss the stocks etfs and commodities now this is the greatest issue etoro has in my viewpoint and they are taking a look at changing this really very soon in fact i think it is among their most significant goals 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 including them at a fairly slow rate they do not wish to add every penny stock under the sun that nobody’s actually trading like i stated they make their cash on the spread out so the more people trading a stock the more money 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 just adding stocks that they feel that a helpful and b well less risky i actually see this as a little a positive for brand-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 talked to etoro on this and they have 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 relevant however i make certain if you are a torah user and viewing this it can be bothersome that possibly one out of 10 stocks is really not offered on the platform so let’s hope etoro sees this video and it changes really 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 consumers currently can not trade with eToro.
Alternatives to consider
If you want to trade stocks and cryptocurrencies in the very same location: Robinhood uses trading in stocks and options, consisting of fractional shares. In addition, it uses 7 various cryptocurrencies and charges no transaction charges.