so i’ve been using etoro for numerous years now…comment creer un compte demo etoro… and i need to state considering that my last etoro evaluation video the platform itself has changed a hell of a lot i thought what much better opportunity with the 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 undoubtedly to take on 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 find this video helpful you carefully tap that like button to help me out with the youtube gods and without additional 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 several accounts of them and i have actually utilized them for numerous years however i do feel there is lots of areas that etor frantically needs to improve on if it is undoubtedly to contend and i’ll be rather extreme in slamming them in this video i feel like it’s just reasonable as somebody who does use etoro daily to offer the honest and harsh fact on the negative side in addition to the positive side nevertheless overall i do need to state i am overly happy with them and if you are trying to find a second brokerage account or our new investor i would simply state jump in the minimums are rather low provide 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 steps there you do actually 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 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’re about they are an absolute mega giant of a broker over here in europe and they are about to release stock trading in the us which i feel will be the greatest game changer for this company i need to state myself as someone who has operated in financing for over 15 years etoro are going about it the right way they are controlled in several jurisdictions and they are broadening at the ideal speed ensuring all the eyes are dotted all the t’s are crossed before they open in any jurisdiction for instance they are regulated with the fca over in the uk sysek over in cyprus they’re managed in australia and obviously they are on the finra website over in the us as i said u.s stock trading is coming very soon nevertheless the reality that they are taking their time over in
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the us prior to they introduce stock trading over the in 2015 approximately is really a great sign for me because they’re making certain they do not have a situation where they leave themselves open to claims or they screw up with regulation it seems every second week robin hood has some lawsuit or some huge grievance they have to deal with we have crypto brokers like binance over in the uk dealing with major trouble with the policy and the fca there it seems that etoro are taking the ideal actions initially prior to they launch making sure 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 brokerage with an app unlike the old conventional saxo bank and interactive brokers a modern commission totally free platform more on that later going the ideal actions making certain that all the eyes are dotted or the t’s are crossed prior to they open in any location they are in fact operating in this reveals me that etoro is aiming to stick around for the long term and they have clear aims of growing to be one of the most significant brokerages worldwide now the minimum amount needed to open an account does vary on where you lie on screen now you can see the minimums readily available however if you are from the us or the uk
the minimum to open an account is really ten dollars and a great deal of other countries it’s just fifty dollars so you can go ahead inspect 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 free brokerage but obviously brokers want to earn 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 5 bucks fee but to be honest that most likely gets wrapped up in deal costs and he toro most likely does not see that much of it the method they make their money 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 purchase a stock and when you sell a stock there’s a little difference in between usually it’s simply a really little charge which is called the spread that is the cost that etoro will potentially continue this trade that’s how they make money due to the fact that they are not charging you a commission to open the trade they’re simply opening the trade at a somewhat higher rate and the most convenient way of describing this is if you purchased state apple in this example on screen from time to time you immediately put it in your portfolio you will see a small loss on this trade week one day one minute one second one and that portion loss is how much it cost you to open that trade or you can even really see the dollar and go charge of just how much it roughly cost you to open said trade nevertheless after utilizing this platform for a long time when you close the trade also there is a slight distinction and what takes place here is etoro tends to compute the distinction which is how much they’ve made i have tracked this for a long time and seen that
when i really do close a trade rather 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 basic structure these days for a lot of brokers that offer 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 more advanced platforms and you will get charged a fixed fee per trade but for me personally i think for more recent investors particularly this is a much cheaper way of doing things now what does etoro have to offer well they use stocks etfs cryptocurrency cfds more on that in simply a second copy trading and numerous much more possessions like products and foreign exchange or currencies however having a platform that permits you to trade multiple sectors is absolutely advantageous for instance you can short bitcoin and go long silver you could likewise short the japanese yen and go long into gold there is several aspects readily available with this platform and i feel in the contemporary world we live in currency commodities things of the sort are definitely more required in brokerage houses specifically for the new financier nevertheless i did point out cfds though which is a contract for difference these are generally agreements that brokerage or other institutions can use a client to purchase a business generally it’s a method of having a lot more take advantage of without actually owning any of the stock you are earning an agreement with said institution now cfds are really not available to individuals in the us but they are offered to people over in europe and in the uk but i have to state offered the scariness of take advantage of and more than 60
of people trading cfds lose cash i simply entirely keep away from cfds particularly if you are a newer or intermediate financier and on that as well just stay away from utilize it’s not actually helpful 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 require to speak about the stocks etfs and products now this is the biggest issue etoro has in my viewpoint and they are looking at changing this extremely soon in fact i think it is among their biggest objectives for 2022. now although etoro tends to have most the stocks that you want to trade or etfs they do not have them all and they are including them at a relatively slow rate they do not wish to add every penny stock under the sun that nobody’s actually trading like i stated they make their money on the spread out so the more individuals trading a stock the more cash they make if they added in a low-cap penny stock that only one individual’s trading every single day they’re not going to make that much money so they are only adding stocks that they feel that an advantageous and b well less dangerous i in fact see this as a little a favorable for brand-new financiers 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 at least take a look at and not on the platform now that said 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 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 enjoying this it can be bothersome that perhaps one out of 10 stocks is in fact not offered on the platform so let’s hope etoro views this video and it alters very soon now the two most popular things on etoro is the social platform and the popular investing 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 clients currently can not trade with eToro.
Alternatives to consider
If you want to trade stocks and cryptocurrencies in the same location: Robinhood offers trading in stocks and choices, including fractional shares. In addition, it offers 7 various cryptocurrencies and charges no deal fees.