I have actually been using etoro for a number of years now and i have to say because my last etoro review video the platform itself has actually changed a hell of a lot i believed what much better opportunity with the new year to give a brand-new review on etoro talk about the great points the bad points and the things that etoro frantically requires to enhance on if it is undoubtedly to complete with the likes of robin hood when it opens stock trading in the us so if you are new to investing or are simply looking for a new brokerage account and etoro is an alternative then this video is for you all i ask in return is if you find this video helpful you carefully tap that like button to help me out with the youtube gods and without further 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 numerous accounts of them and i have actually used them for numerous years however i do feel there is numerous locations that etor frantically needs to enhance on if it is undoubtedly 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 on an everyday basis to provide the sincere and harsh fact on the negative side as well as the positive side nevertheless total i do have to state i am overly delighted with them and if you are looking for a 2nd brokerage account or our new investor i would simply say dive 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
comment and follow the steps there you do really 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 chat room is readily 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 will introduce stock trading in the us which i feel will be the most significant game changer for this business i need to state myself as somebody who has operated in financing for over 15 years etoro are going about it the right way they are regulated in several jurisdictions and they are broadening at the ideal speed making sure all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for example they are regulated 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 stated u.s stock trading is coming soon however the truth that they are taking their time over in
etoro reviews uk etoro truffa
the us before they introduce stock trading over the last year or so is really a good sign for me due to the fact that they’re making sure they don’t have a scenario where they leave themselves open to lawsuits or they ruin with regulation it seems every second week robin hood has some lawsuit or some big grievance they need to deal with we have crypto brokers like binance over in the uk dealing with serious difficulty with the fca and the regulation there it appears that etoro are taking the ideal actions first before they release making sure that the customers remain in the safest possible position and they don’t leave themselves open i need to state this is a great sign for a modern day brokerage with an app unlike the old traditional saxo bank and interactive brokers a contemporary commission totally free platform more on that later going the ideal steps making sure that all the eyes are dotted or the t’s are crossed prior to they open in any location they are really working in this shows me that etoro is looking to stick around for the long term and they have clear aims of growing to be one of the biggest brokerages on the planet now the minimum amount required to open an account does differ on where you lie 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 10 dollars and a great deal of other nations it’s just fifty dollars so you can go on check this link it will be 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 totally free brokerage however naturally brokers wish to make money so how the hell do they do that well the first apparent charge is if you take cash out of your account there’s a five dollars fee but to be truthful that probably gets involved 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 most brokers nowadays 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 a really small charge which is called the spread that is the cost that etoro will potentially keep on 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 way of describing this is if you bought state apple in this example on screen once in a while you quickly put it in your portfolio you will see a slight loss on this trade week one day one minute one second one which percentage loss is how much it cost you to open that trade or you can even actually go and see the dollar fee of how much it approximately cost you to open said trade nevertheless after utilizing this platform for a long time when you close the trade as well there is a minor difference and what occurs here is etoro tends to compute the difference and that is how much they’ve 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 fee that i had for opening the trade itself however this is the normal basic structure nowadays for a great deal 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 savings account or a few of the other more advanced platforms and you will get charged a fixed cost per trade but for me personally i believe for more recent financiers especially this is a more affordable method of doing things now what does etoro need to offer well they use stocks etfs cryptocurrency cfds more on that in simply a second copy trading and many a lot more properties like commodities and forex or currencies but having a platform that permits 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 several aspects offered with this platform and i feel in the modern world we live in currency commodities things of the sort are definitely more needed in brokerage houses particularly for the new investor nevertheless i did point out cfds though which is a contract for difference these are generally agreements that brokerage or other institutions can provide a client to purchase a business typically it’s a method of having a lot more leverage without in fact owning any of the stock you are earning a contract with stated institution now cfds are in fact not offered to people in the us however they are offered to people over in europe and in the uk however i need to state given the scariness of take advantage of and more than 60
of people trading cfds lose cash i just entirely keep away from cfds particularly if you are a more recent or intermediate financier and on that too simply stay away from take advantage of it’s not truly helpful for your portfolio now prior to 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 biggest problem etoro has in my viewpoint and they are looking at altering this really 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 adding them at a fairly sluggish rate they do not want to add every penny stock under the sun that nobody’s actually trading like i stated they make their money on the spread 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 cash so they are just adding stocks that they feel that a helpful and b well less risky i actually see this as a little bit of a favorable for new financiers although for someone like myself who’s had a lot more
etoro share dealing account
experience it is quite annoying 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 stated i have talked to 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 appropriate however i’m sure if you are a torah user and enjoying this it can be frustrating that possibly one out of 10 stocks is in fact not available on the platform so let’s hope etoro enjoys this video and it changes really soon now the two most popular things on etoro is the social platform and the popular investing program
Just readily available in 43 states
All U.S. citizens can sign up for a virtual trading account. There are just 43 states (along with Washington D.C. and the Northern Mariana Islands) where you can use genuine money to purchase and offer cryptocurrencies. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee consumers presently can not trade with eToro. The business aims to have 50-state availability ultimately. Until then, some traders will have to look in other places.
Alternatives to consider
If you want to trade stocks and cryptocurrencies in the exact same place: Robinhood uses trading in stocks and choices, including fractional shares. In addition, it uses 7 different cryptocurrencies and charges no deal fees.