so i have actually been utilizing etoro for several years now…como investir no etoro… and i need to state because my last etoro evaluation video the platform itself has actually changed a hell of a lot i believed what much better opportunity with the new year to provide a brand-new evaluation on etoro talk about the assets the bad points and the important things that etoro desperately needs 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 trying to find a brand-new brokerage account and etoro is an option then this video is for you all i ask in return is if you discover this video beneficial you gently tap that like button to assist me out with the youtube gods and without more 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 numerous accounts of them and i have actually utilized them for several years nevertheless i do feel there is numerous locations that etor frantically needs to improve on if it is undoubtedly to contend and i’ll be quite severe in criticizing them in this video i seem like it’s only fair as somebody who does utilize etoro every day to give the extreme and sincere truth on the negative side in addition to the positive side nevertheless total i do have to say i am extremely happy with them and if you are trying to find a second brokerage account or our new investor i would just state jump in the minimums are quite low give it a whirl and see if it fits your requirements and if you do so by means of 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 understand it’s not for you that chat room is easily offered for you simply follow the steps down on the pinned comments 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 introduce stock trading in the us which i feel will be the greatest video game changer for this business i need to say myself as somebody who has operated in finance for over 15 years etoro are tackling it the proper way they are managed in various jurisdictions and they are expanding at the right speed ensuring all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for example they are controlled with the fca over in the uk sysek over in cyprus they’re controlled in australia and obviously they are on the finra website over in the us as i stated u.s stock trading is coming soon however the fact that they are taking their time over in
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the us prior to they introduce stock trading over the last year or so is really an excellent sign for me since they’re making sure they don’t have a situation where they leave themselves open to lawsuits or they screw up with policy it appears every second week robin hood has some court case or some huge grievance they have to deal with we have crypto brokers like binance over in the uk dealing with serious trouble with the policy and the fca there it seems that etoro are taking the best actions initially prior to they launch making sure that the clients are in the best possible position and they don’t leave themselves open i need to state this is an excellent sign for a modern brokerage with an app unlike the old traditional saxo bank and interactive brokers a modern commission totally free platform more on that later going the ideal actions ensuring that all the eyes are dotted or the t’s are crossed prior to they open in any location they are actually operating in this shows me that etoro is wanting to stay for the long term and they have clear aims of growing to be one of the most significant brokerages worldwide 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 10 dollars and a great deal of other nations it’s just fifty dollars so you can go ahead examine this link it will remain in the description and see just how much it costs to open an account with etoro in your jurisdiction now like i stated etoro is a commission complimentary brokerage however obviously brokers want to generate income so how the hell do they do that well the very first apparent fee is if you take money out of your account there’s a five dollars charge but to be honest that most likely gets involved transaction fees and he toro probably does not see that much of it the way they make their money is on something called a spread if you go onto a lot of brokers these days unless you’re getting charged a flat rate you will see that when you purchase a stock and when you offer a stock there’s a little distinction in between normally it’s just an extremely little fee and that is called the spread that is the fee that etoro will possibly keep this trade that’s how they earn money due to the fact that they are not charging you a commission to open the trade they’re just opening the trade at a slightly greater cost and the most convenient way of describing this is if you bought say apple in this example on screen once in a while you quickly put it in your portfolio you will see a minor loss on this trade week one day one minute one second one which percentage loss is just how much it cost you to open that trade or you can even in fact go and see the dollar charge of how much it approximately cost you to open stated trade nevertheless after using this platform for a very long time when you close the trade as well there is a slight difference and what takes place here is etoro tends to compute the difference and that is how much they’ve made i have 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 fee that i get charged is a lot less than the initial cost that i had for opening the trade itself but this is the typical standard structure nowadays for a lot of brokers that offer commission free trades if you don’t 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 fee per trade but for me personally i think for newer financiers specifically this is a more affordable way of doing things now what does etoro have to provide well they offer stocks etfs cryptocurrency cfds more on that in simply a 2nd copy trading and numerous a lot more properties like commodities and foreign exchange or currencies however having a platform that permits you to trade numerous sectors is definitely helpful for instance you can short bitcoin and go long silver you might likewise short the japanese yen and go long into gold there is various elements available with this platform and i feel in the modern world we reside in currency commodities things of the sort are certainly more required in brokerage houses especially for the brand-new investor nevertheless i did discuss cfds though which is a contract for difference these are basically contracts that brokerage or other organizations can provide a client to buy a company normally it’s a way of having a lot more utilize without really owning any of the stock you are earning an agreement with said organization now cfds are in fact not readily available to people in the us however they are available to individuals over in europe and in the uk however i have to say given the scariness of take advantage of and more than 60
of individuals trading cfds lose money i simply entirely stay away from cfds specifically if you are a newer or intermediate investor and on that as well simply keep away from leverage it’s not truly great for your portfolio now before we move on to the two most popular things with etoro and things that people tend to enjoy the most we need to speak about the stocks etfs and commodities now this is the biggest issue etoro has in my viewpoint and they are looking at altering this really very soon in fact i think it is among 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 fairly slow rate they do not want to add every penny stock under the sun that no one’s really trading like i stated they make their cash on the spread out so the more individuals trading a stock the more cash 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 cash so they are just including stocks that they feel that an useful and b well less risky i actually see this as a bit of a favorable for brand-new financiers although for someone 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 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 might not even be that pertinent however i make sure if you are a torah user and viewing this it can be frustrating that perhaps 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 extremely 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. residents can sign up for a virtual trading account. However, there are just 43 states (along with Washington D.C. and the Northern Mariana Islands) where you can use genuine money to buy and sell cryptocurrencies. Delaware, Hawaii, Minnesota, New Hampshire, New York City, Nevada, and Tennessee consumers presently can not trade with eToro. The business aims to have 50-state availability eventually. Until then, some traders will need to look somewhere else.
Alternatives to consider
If you want to trade stocks and cryptocurrencies in the very same location: Robinhood uses trading in stocks and options, including fractional shares. In addition, it provides 7 various cryptocurrencies and charges no transaction costs.