so i have actually been using etoro for several years now…Supertrend Indicatore Etoro… and i have to state given that my last etoro review video the platform itself has changed a hell of a lot i thought what much better chance with the brand-new year to offer a brand-new evaluation on etoro speak about the assets the bad points and the things that etoro frantically needs 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 just searching for a brand-new brokerage account and etoro is an option then this video is for you all i ask in return is if you find this video helpful you gently 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 several accounts of them and i have used them for a number of years nevertheless i do feel there is many locations that etor frantically needs to improve on if it is undoubtedly to complete and i’ll be quite extreme in criticizing them in this video i seem like it’s just reasonable as somebody who does utilize etoro every day to provide the extreme and honest truth on the negative side in addition to the positive side however total i do need to state i am extremely delighted with them and if you are looking for a second brokerage account or our brand-new investor i would simply state 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 really get lifetime 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 chat room is easily available for you just follow the steps down on the pinned remarks let’s start about who etoro is and what they’re about they are an outright 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 biggest game changer for this company i need to say myself as somebody who has worked in finance for over 15 years etoro are setting about it the proper way they are regulated in various jurisdictions and they are broadening at the right pace 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 regulated in australia and of course 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
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the us before they introduce stock trading over the last year or two is in fact an excellent sign for me since they’re ensuring they don’t have a situation where they leave themselves open to lawsuits or they mess up with policy it seems every second week robin hood has some court case or some big problem they need to deal with we have crypto brokers like binance over in the uk facing severe problem with the fca and the regulation there it appears that etoro are taking the ideal actions initially before they release making certain that the customers are in the best possible position and they do not leave themselves open i need to state this is a great sign for a contemporary brokerage with an app unlike the old traditional saxo bank and interactive brokers a contemporary 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 operating 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 most significant brokerages in the world now the minimum amount required 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 countries it’s just 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 said etoro is a commission complimentary brokerage however obviously brokers want to earn money so how the hell do they do that well the very first apparent cost is if you take money out of your account there’s a 5 bucks fee but to be honest that most likely gets wrapped up in transaction fees and he toro most likely doesn’t see that much of it the way they make their money is on something called a spread if you go onto the majority of 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 normally it’s just a very little charge and that is called the spread that is the charge that etoro will potentially keep this trade that’s how they generate income because they are not charging you a commission to open the trade they’re just opening the trade at a slightly higher price and the easiest method of explaining this is if you purchased state apple in this example on screen once in a while you instantly put it in your portfolio you will see a slight loss on this trade week one day one minute one 2nd one which portion loss is how much it cost you to open that trade or you can even in fact drop in the dollar charge of just how much it roughly cost you to open said trade however after utilizing this platform for a long time when you close the trade also there is a slight distinction and what occurs here is etoro tends to calculate 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 preliminary fee 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 open markets if you do not wish 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 believe for newer investors especially this is a more affordable way of doing things now what does etoro need to offer well they use stocks etfs cryptocurrency cfds more on that in just a second copy trading and numerous a lot more properties like commodities and foreign exchange or currencies but having a platform that allows you to trade multiple sectors is definitely 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 aspects offered with this platform and i feel in the modern world we live in currency commodities things of the sort are certainly more needed in brokerage homes particularly for the new investor however i did discuss cfds though which is a contract for distinction these are generally agreements that brokerage or other institutions can offer a customer to buy a business typically it’s a method of having a lot more utilize without really owning any of the stock you are making an agreement with said organization now cfds are really not offered to people in the us however they are readily available to individuals over in europe and in the uk but i need to say offered the scariness of take advantage of and more than 60
of individuals trading cfds lose money i simply totally keep away from cfds specifically if you are a more recent or intermediate financier and on that also simply keep away from leverage it’s not actually helpful for your portfolio now before we carry on to the two most popular things with etoro and things that people tend to love the most we need to discuss the stocks etfs and products 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 most significant objectives 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 sluggish rate they do not want to add every cent stock under the sun that no one’s really trading like i said they make their money on the spread so the more individuals trading a stock the more money they make if they added in a low-cap cent stock that only one person’s trading every single day they’re not going to make that much money so they are just adding stocks that they feel that a beneficial and b well less dangerous i in fact see this as a little 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 quite bothersome 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 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 pertinent however i make certain if you are a torah user and seeing this it can be annoying that maybe one out of 10 stocks is actually not readily available on the platform so let’s hope etoro watches this video and it changes extremely very soon now the two most popular things on etoro is the popular investing and the social platform program
Only readily available 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 choices, including fractional shares. In addition, it offers 7 various cryptocurrencies and charges no transaction fees.