so i have actually been using etoro for numerous years now…etoro prelevare fondi… and i need to say because my last etoro evaluation video the platform itself has actually altered a hell of a lot i believed what better chance with the new year to provide a brand-new review on etoro discuss the assets the bad points and the 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 new to investing or are simply 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 useful 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 use i do have a number of accounts of them and i have used them for numerous years however i do feel there is lots of areas that etor desperately needs to improve on if it is indeed to complete and i’ll be rather severe in slamming them in this video i feel like it’s only reasonable as somebody who does use etoro daily to give the honest and harsh reality on the negative side as well as the positive side however overall i do need to state i am overly 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 quite low offer it a try and see if it fits your needs and if you do so via the affiliate link down on the pinned
remark and follow the actions there you do in fact get life time access to our lwt etoro discord so you can engage with other financiers directly even if you do open the account realize it’s not for you that chat room is readily available 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 introduce stock trading in the us which i feel will be the greatest video game changer for this business i have to say myself as somebody who has worked in financing for over 15 years etoro are tackling it the proper way they are managed in many different jurisdictions and they are broadening at the ideal rate ensuring 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 controlled 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 however the fact that they are taking their time over in
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the us before they launch stock trading over the last year or so is really a great sign for me due to the fact that they’re making certain they do not have a scenario where they leave themselves open to lawsuits or they ruin with guideline it seems every second week robin hood has some court case or some huge complaint they need to deal with we have crypto brokers like binance over in the uk facing major difficulty with the fca and the guideline there it appears that etoro are taking the best actions first prior to they introduce ensuring that the clients are in the safest possible position and they don’t leave themselves open i need to state this is a fantastic sign for a modern day 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 best actions ensuring 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 wanting to remain for the long term and they have clear objectives of growing to be among the most significant brokerages in the world now the minimum quantity needed to open an account does vary 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 10 dollars and a lot of other nations it’s only fifty dollars so you can go ahead 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 of course brokers wish to earn 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 charge but to be sincere that most likely gets wrapped up in deal fees and he toro probably does not see that much of it the method they make their cash 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 offer a stock there’s a little difference in between typically it’s simply a very little cost which is called the spread that is the fee that etoro will potentially keep on 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 slightly greater price and the easiest way of describing this is if you bought say apple in this example on screen once in a while you immediately put it in your portfolio you will see a small loss on this trade week one day one minute one 2nd one and that percentage loss is 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 roughly cost you to open said trade however after utilizing this platform for a long period of time when you close the trade also there is a minor distinction and what takes place here is etoro tends to calculate the difference which is just how much they’ve made i have tracked this for a long period of time and seen that
when i in fact do close a trade quite a great deal of the time the fee that i get charged is a lot less than the preliminary cost that i had for opening the trade itself however this is the normal standard structure these days for a great deal of brokers that provide commission free trades if you do not 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 fixed cost per trade but for me personally i think for more recent financiers particularly this is a more affordable way of doing things now what does etoro need to offer well they offer stocks etfs cryptocurrency cfds more on that in simply a second copy trading and many much more assets like products and forex or currencies but having a platform that allows you to trade numerous sectors is certainly useful for instance you can short bitcoin and go long silver you could also short the japanese yen and go long into gold there is several elements readily available with this platform and i feel in the modern day world we live in currency commodities things of the sort are absolutely more needed in brokerage houses particularly for the new investor nevertheless i did discuss cfds though which is a contract for difference these are generally contracts that brokerage or other organizations can use a client to buy a business typically it’s a way of having a lot more leverage without in fact owning any of the stock you are earning a contract with said institution now cfds are in fact not readily available to people in the us but they are available to people over in europe and in the uk however i need to state provided the scariness of utilize and more than 60
of people trading cfds lose cash i simply entirely stay away from cfds especially if you are a more recent or intermediate investor and on that too simply stay away from utilize it’s not actually great for your portfolio now prior to we carry on to the two most popular things with etoro and things that individuals tend to enjoy the most we require to talk about the stocks etfs and commodities now this is the greatest problem etoro has in my viewpoint and they are taking a look at changing this extremely very soon in fact i think it’s one of their biggest 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 adding them at a reasonably slow rate they do not want to include every penny stock under the sun that nobody’s really trading like i stated they make their cash on the spread out so the more individuals trading a stock the more money they make if they included a low-cap penny stock that only one individual’s trading every 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 actually 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 rather 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 said i have talked to 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 might not even be that pertinent however i make certain if you are a torah user and watching this it can be irritating that possibly one out of 10 stocks is actually not readily available on the platform so let’s hope etoro views this video and it changes very very soon now the two most popular things on etoro is the popular investing and the social platform program
Only 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 clients presently can not trade with eToro.
Alternatives to think about
If you want to trade stocks and cryptocurrencies in the very same place: Robinhood offers trading in stocks and alternatives, including fractional shares. In addition, it offers 7 different cryptocurrencies and charges no deal costs.