so i have actually been using etoro for several years now…Supertrend Indicatore Etoro… and i need to state considering that my last etoro review video the platform itself has actually changed a hell of a lot i thought what much better opportunity with the brand-new year to provide a 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 undoubtedly 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 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 advantageous you gently tap that like button to assist me out with the youtube gods and without additional ado let’s proceed 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 actually used them for numerous years nevertheless i do feel there is lots of locations that etor frantically needs to improve on if it is indeed to compete and i’ll be quite extreme in slamming them in this video i feel like it’s just fair as somebody who does use etoro daily to provide the extreme and sincere truth on the unfavorable side in addition to the positive side however overall i do have to state i am excessively 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 quite low offer 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 life time access to our lwt etoro discord so you can engage with other investors directly even if you do open the account understand it’s not for you that chatroom is easily available for you simply follow the steps down on the pinned remarks 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 will release stock trading in the us which i feel will be the biggest video game changer for this business i need to say myself as someone who has operated in financing for over 15 years etoro are going about it the proper way they are controlled in several jurisdictions and they are expanding at the ideal rate making certain all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for instance they are managed with the fca over in the uk sysek over in cyprus they’re managed in australia and naturally they are on the finra site 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 prior to they introduce stock trading over the in 2015 or so is actually a good sign for me since they’re making sure they do not have a scenario where they leave themselves open to lawsuits or they screw up with policy it seems every second week robin hood has some lawsuit or some big complaint they have to deal with we have crypto brokers like binance over in the uk facing major trouble with the fca and the guideline there it seems that etoro are taking the right actions initially before they introduce making sure that the customers remain in the safest possible position and they do not leave themselves open i need to say this is a great 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 actually working in this shows me that etoro is seeking to stick around for the long term and they have clear aims of growing to be one of the biggest brokerages in the world now the minimum quantity required to open an account does differ on where you are located on screen now you can see the minimums available however if you are from the us or the uk
the minimum to open an account is in fact 10 dollars and a lot of other countries it’s just fifty dollars so you can go ahead examine this link it will be 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 free brokerage but of course brokers wish to generate income so how the hell do they do that well the first apparent charge is if you take money out of your account there’s a five bucks fee but to be sincere that most likely gets wrapped up in transaction charges and he toro probably doesn’t see that much of it the way 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 offer a stock there’s a little difference in between normally it’s simply an extremely small fee and that is called the spread that is the cost that etoro will potentially keep 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 cost and the most convenient way of explaining this is if you bought say apple in this example on screen from time to time 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 portion loss is just how much it cost you to open that trade or you can even actually drop in the dollar charge of just how much it roughly cost you to open stated trade however after using this platform for a very long time when you close the trade too there is a minor distinction and what happens here is etoro tends to compute the distinction and that is how much they have actually made i have actually tracked this for a long time and seen that
when i really do close a trade rather a lot 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 regular basic structure nowadays for a great deal of brokers that provide 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 fixed cost per trade but for me personally i believe for more recent financiers specifically this is a more affordable method of doing things now what does etoro have to provide well they use stocks etfs cryptocurrency cfds more on that in just a 2nd copy trading and lots of many more possessions like products and forex or currencies but having a platform that enables you to trade multiple sectors is certainly advantageous 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 available with this platform and i feel in the contemporary world we reside in currency products things of the sort are certainly more required in brokerage houses especially for the new investor however i did mention cfds though which is a contract for difference these are basically agreements that brokerage or other organizations can use a customer to purchase a business generally it’s a way of having a lot more take advantage of without really owning any of the stock you are making a contract with stated institution now cfds are really not available to individuals in the us however they are readily available to people over in europe and in the uk however i have to say offered the scariness of take advantage of and more than 60
of individuals trading cfds lose money i just completely keep away from cfds particularly if you are a more recent or intermediate investor and on that also simply stay away from leverage it’s not truly helpful for your portfolio now before we proceed 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 products now this is the biggest problem etoro has in my viewpoint and they are looking at changing this very very soon in fact i believe it is among their most significant objectives 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 relatively slow rate they do not want to add every cent stock under the sun that no one’s really trading like i stated they make their money on the spread out so the more people trading a stock the more cash they make if they added in a low-cap penny stock that only one individual’s trading every day they’re not going to make that much cash so they are just including stocks that they feel that a beneficial and b well less risky i actually see this as a little a positive for new financiers although for somebody like myself who’s had a lot more
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experience it is rather irritating that some of the stocks that i do want to trade or a minimum of take a look at and not on the platform now that said i have actually spoken with etoro on this and they have actually 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 pertinent but i make sure if you are a torah user and seeing this it can be annoying that maybe one out of 10 stocks is really not offered on the platform so let’s hope etoro views 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 available in 43 states
All U.S. citizens 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 think about
If you want to trade stocks and cryptocurrencies in the exact same location: Robinhood offers trading in stocks and alternatives, including fractional shares. In addition, it offers 7 different cryptocurrencies and charges no transaction fees.