so i have actually been using etoro for several years now…Si Pagano Le Transazioni Su Etoro… and i need to say since my last etoro review video the platform itself has actually changed a hell of a lot i thought what better chance with the brand-new year to provide a brand-new evaluation on etoro speak about the good points the bad points and the important things that etoro desperately needs to improve on if it is undoubtedly 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 just looking 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 useful 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 utilize i do have several accounts of them and i have used them for numerous years however i do feel there is many locations that etor frantically needs to improve on if it is undoubtedly to compete and i’ll be quite severe in slamming them in this video i feel like it’s just reasonable as somebody who does utilize etoro on a daily basis to offer the extreme and truthful truth on the unfavorable side as well as the positive side however overall i do have to state i am extremely happy with them and if you are trying to find a second brokerage account or our new financier i would just say jump in the minimums are quite low provide it a try and see if it fits your requirements and if you do so through the affiliate link down on the pinned
remark and follow the actions there you do really get life time access to our lwt etoro discord so you can engage with other investors straight even if you do open the account realize 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 biggest game changer for this company i have to state myself as somebody who has actually operated in financing for over 15 years etoro are setting about it the right way they are managed in various jurisdictions and they are expanding at the best rate 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 regulated in australia and naturally they are on the finra site over in the us as i said 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 launch stock trading over the in 2015 approximately is really a good sign for me since they’re making certain they do not have a situation where they leave themselves open to suits or they ruin with guideline it seems every second week robin hood has some court case or some big problem they have to deal with we have crypto brokers like binance over in the uk dealing with major trouble with the fca and the regulation there it seems that etoro are taking the best steps first before they launch ensuring that the customers are in the safest possible position and they don’t leave themselves open i have to state this is a fantastic sign for a contemporary brokerage with an app unlike the old conventional 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 before they open in any area they are in fact working in this reveals me that etoro is wanting to stick around for the long term and they have clear objectives of growing to be among the biggest brokerages worldwide 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 actually ten dollars and a lot of other countries it’s only 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 totally free brokerage however of course brokers wish to generate income so how the hell do they do that well the first obvious charge is if you take money out of your account there’s a five bucks charge however to be truthful that probably gets involved transaction costs 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 difference in between normally it’s simply an extremely small cost and that is called the spread that is the cost that etoro will potentially keep on 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 slightly higher rate and the most convenient way of describing this is if you bought say apple in this example on screen now and then 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 percentage loss is just how much it cost you to open that trade or you can even actually see the dollar and go fee of just how much it approximately cost you to open said trade nevertheless after utilizing this platform for a long time when you close the trade too there is a minor distinction and what takes place here is etoro tends to determine the difference and that is how much they have actually made i have actually tracked this for a long period of time and seen that
when i actually do close a trade rather a great deal of the time the cost that i get charged is a lot less than the initial charge that i had for opening the trade itself however this is the typical basic structure these days for a great deal of brokers that use commission free trades if you do not wish 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 fee per trade but for me personally i believe for newer investors especially this is a more affordable method of doing things now what does etoro need to provide well they offer stocks etfs cryptocurrency cfds more on that in just a 2nd copy trading and lots of a lot more possessions like products and forex or currencies however having a platform that enables you to trade multiple sectors is absolutely beneficial 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 aspects offered with this platform and i feel in the modern world we live in currency products things of the sort are certainly more needed in brokerage homes especially for the brand-new financier however i did discuss cfds though which is a contract for distinction these are basically contracts that brokerage or other organizations can provide a client 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 earning a contract with said organization now cfds are actually not readily available to individuals in the us but they are available to individuals over in europe and in the uk but i need to say provided the scariness of leverage and more than 60
of people trading cfds lose cash i simply entirely stay away from cfds specifically if you are a newer or intermediate investor and on that too just keep away from leverage it’s not really helpful for your portfolio now prior to we move on 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 biggest problem etoro has in my viewpoint and they are looking at changing this extremely very soon in fact i think it’s one of their greatest 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 including them at a reasonably slow rate they do not want to add every penny stock under the sun that nobody’s really trading like i said they make their money on the spread so the more people trading a stock the more cash they make if they added in a low-cap cent stock that only one person’s trading every day they’re not going to make that much cash so they are just adding stocks that they feel that an advantageous and b well less risky i actually see this as a little bit of a positive for new investors although for somebody 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 at least look at and not on the platform now that stated i have actually spoken with etoro on this and they have promised 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 relevant but i make sure if you are a torah user and watching this it can be frustrating that maybe 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 really very 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. locals can sign up for a virtual trading account. Nevertheless, there are just 43 states (along with Washington D.C. and the Northern Mariana Islands) where you can utilize genuine money to buy and sell cryptocurrencies. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee customers currently can not trade with eToro. The business intends to have 50-state schedule eventually. Till then, some traders will have to look elsewhere.
Alternatives to consider
If you wish to trade stocks and cryptocurrencies in the exact same place: Robinhood provides trading in stocks and alternatives, consisting of fractional shares. In addition, it provides 7 various cryptocurrencies and charges no transaction fees.