so i’ve been utilizing etoro for several years now…como investir no etoro… and i have to state since my last etoro review video the platform itself has actually changed a hell of a lot i believed what much better chance with the new year to give a brand-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 indeed to take on the likes of robin hood when it opens stock trading in the us so if you are brand-new to investing or are just searching for a brand-new brokerage account and etoro is an option then this video is for you all i ask in return is if you find this video useful you carefully tap that like button to help 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 several accounts of them and i have actually utilized them for several years however i do feel there is lots of locations that etor desperately needs to improve on if it is indeed to complete and i’ll be rather harsh in slamming them in this video i feel like it’s only fair as someone who does utilize etoro on a daily basis to give the honest and harsh reality on the negative side along with the positive side however general i do need to state i am excessively pleased with them and if you are searching for a second brokerage account or our brand-new investor i would just state jump in the minimums are quite low provide 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 steps there you do really get life time access to our lwt etoro discord so you can connect with other investors directly even if you do open the account recognize it’s not for you that chat room is easily 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 are about to launch stock trading in the us which i feel will be the most significant game changer for this business i have to say myself as someone who has worked in financing for over 15 years etoro are going about it the proper way they are managed in many different jurisdictions and they are broadening at the right rate ensuring all the eyes are dotted all the t’s are crossed prior to they open in any jurisdiction for instance they are regulated with the fca over in the uk sysek over in cyprus they’re controlled in australia and of course they are on the finra site over in the us as i stated u.s stock trading is coming very 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 in 2015 or so is really a good sign for me due to the fact that they’re ensuring they don’t have a scenario where they leave themselves open to lawsuits or they screw up with policy it appears every second week robin hood has some lawsuit or some huge grievance they need to handle we have crypto brokers like binance over in the uk dealing with serious difficulty with the policy and the fca there it seems that etoro are taking the ideal steps initially prior to they launch ensuring that the customers are in the most safe possible position and they don’t leave themselves open i have to say this is an excellent sign for a modern brokerage with an app unlike the old standard saxo bank and interactive brokers a modern day commission free platform more on that later going the best actions making certain 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 looking to stay for the long term and they have clear goals of growing to be one of the biggest brokerages in the world now the minimum amount required to open an account does vary 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 countries it’s just fifty dollars so you can go ahead check 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 complimentary brokerage but obviously brokers want to earn money 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 bucks fee however to be truthful that probably gets involved transaction charges and he toro most likely doesn’t 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 generally it’s just a really little cost which is called the spread that is the fee that etoro will potentially keep on this trade that’s how they earn money because they are not charging you a commission to open the trade they’re just opening the trade at a slightly greater rate and the easiest way of explaining this is if you purchased state apple in this example on screen from time to time you instantly put it in your portfolio you will see a slight 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 really see the dollar and go cost of how much it approximately cost you to open said trade however after utilizing this platform for a very long time when you close the trade as well there is a slight distinction and what takes place here is etoro tends to compute the distinction which is how much they have actually made i have actually tracked this for a very long time and seen that
when i really do close a trade quite a great deal of the time the cost that i get charged is a lot less than the preliminary charge that i had for opening the trade itself however this is the normal basic structure nowadays for a lot 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 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 newer financiers particularly this is a much cheaper way of doing things now what does etoro have to provide well they provide stocks etfs cryptocurrency cfds more on that in simply a second copy trading and many many more possessions like products and forex or currencies but having a platform that enables you to trade numerous 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 many different aspects available with this platform and i feel in the contemporary world we reside in currency commodities things of the sort are definitely more needed in brokerage homes especially for the brand-new investor nevertheless i did discuss cfds though which is a contract for distinction these are essentially contracts that brokerage or other organizations can provide a customer to buy a company normally it’s a way of having a lot more take advantage of without actually owning any of the stock you are making a contract with stated institution now cfds are actually not offered to individuals in the us but they are available to people over in europe and in the uk however i have to state offered the scariness of take advantage of and more than 60
of individuals trading cfds lose money i just totally stay away from cfds particularly if you are a newer or intermediate financier and on that as well simply keep away from take advantage of it’s not truly helpful for your portfolio now before we carry on to the two most popular things with etoro and things that individuals tend to like the most we require to talk about the stocks etfs and products now this is the greatest problem etoro has in my opinion and they are looking at changing this 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 wish to trade or etfs they do not have them all and they are including them at a fairly sluggish rate they do not want to add every penny stock under the sun that no one’s actually trading like i stated they make their cash on the spread out so the more people trading a stock the more cash they make if they added in a low-cap cent stock that only one individual’s trading each and every single 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 risky i actually see this as a little a positive for brand-new financiers although for someone like myself who’s had a lot more
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experience it is quite bothersome that a few of the stocks that i do want to trade or at least take a 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 added this year so by the time this video comes out it may not even be that appropriate 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 actually not offered on the platform so let’s hope etoro watches this video and it alters 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. citizens can sign up for a virtual trading account. There are only 43 states (along with Washington D.C. and the Northern Mariana Islands) where you can utilize real cash to purchase and sell cryptocurrencies. Delaware, Hawaii, Minnesota, New Hampshire, New York, Nevada, and Tennessee customers currently can not trade with eToro. The company aims to have 50-state schedule eventually. Up 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 location: Robinhood offers trading in stocks and choices, including fractional shares. In addition, it offers 7 various cryptocurrencies and charges no transaction fees.