the agreement remains in terms of our analysts saying to purchase to hold to offer the stock all the scores where it’s originated from Ig Trading Vs Etoro…
I think there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i believed i would do a fast video simply taking you through the pros and cons the things that i believe are good about the platform and the things i think are bad about the platform and then you can make a choice on whether or not you want to provide it a go let’s jump straight in so the very first big pro for me is the reality that they have analyst scores and research i definitely like this it’s got an entire page for each of the stocks simply telling you what experts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it gives you the cost targets that they believe it
will reach um what so you can see here like citigroup morgan stanley um the hedge fund activities where the hedge funds are buying or selling and the insider transactions also so it just reveals you whether insiders have actually bought the shares um over the last few months or not i believe this is absolutely terrific and shown in a truly simple format so for me this is a huge plus for the platform a second big plus for me is the fact that your currency is kept in u.s dollars so i guess this is subjective but i believe this lessens your foreign exchange threat so in theory you could just top up a bigger amount when the currency is in your favor and simply hold the cash waiting to invest it for a great deal of the platforms you need to pay the fx fees every time that you make a deal whereas here that doesn’t happen you just pay the fx charge
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when you top up and when you withdraw and convert back to your own currency this obviously works finest if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it offers you gain access to not simply to stocks however also to products and cryptocurrency obviously this isn’t really something that novices should meddle however it does have that option for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally enter and talk with individuals talk about post see what people are posting about each individual stock almost have like discussions about it and you can really look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are buying consisting of the popular traders you can see the earnings they’ve made and everything it is extremely transparent and i believe it’s actually great because you often get like notices saying thus many people are discussing tesla today like see all the posts
here and it’s really cool simply to see what people are believing the next pro of the platform remains in my opinion the copy portfolios so they have 2 options i think i have actually mentioned prior to you can either copy private individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually spoken about this prior to however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s kind of like an etf in my opinion um it’s really cool and i believe it’s a big plus of the platform because they’ve got loads of different styles of these portfolios um that you can select from so that’s a huge plus for me the last pro from my point of view is it’s just got a truly great layout dashboard and the method it’s established so unlike the other platforms that i usage at the moment they have an actually actually nice desktop variation it looks actually clean easy to use i didn’t really have any problems with finding out what to do i like that for each stock you can go in and see everything in one location you understand you can click
on the chart you can click the research you can click the news and it will just inform you all the news about that particular stock it’s truly cool and likewise your portfolio just looks tidy and actually great and actually has a great deal of data on the primary portfolio page which i actually like now for the cons i think there are 3 primary cons in terms of in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i’ve done portfolio updates i utilize them myself however ones to be knowledgeable about the very first one i think it is a bit too simple to trade cfds so because the cfd platform and the typical trading platform are incorporated into one it makes it rather simple for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and inadvertently open a cfd which is really great which’s pretty much among the main reasons that i do utilize them so it’s not really something to stress over mistakenly doing but i normally believe that a lot of the platforms that offer cfds need to make it even harder to open cfds for retail investors i know several individuals who have actually lost rather a lot of money um not on really but still trading cfds so i think generally there ought to probably be a bit more it’s going to say regulation however simply generally a little bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the costs so this is something that comes up a lot when i discuss is people grumbling about the fees now yes whilst you may compare to particular platforms that have lower costs there are also loads of platforms that have much greater fees so swings and roundabouts truly everything depends upon the big picture um they have a 5 dollar withdrawal fee is that actually that much maybe if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot but if you’re investing long term and you’re only going to be securing like a thousand pounds at a time then does it actually matter probably not so simply weigh that up um when you when you look at it there’s a few other costs on their charge page however usually the real investing into stocks is commission complimentary so when you have actually topped up you can do as lots of transactions as you want in terms of buying underlying possessions without paying extra costs and lastly the last con from me is the portfolio history so i discover it a little bit hard to find out sort of what i have actually invested where i need to go into each specific stock simply to see when i’ve invested into it and just how much rather than seeing that on my portfolio history the only thing that i can see on the history is the top-ups an.
the copy trading um so i ‘d actually like to see all of the investments if possible and likewise i have actually still not truly found out the dividends and how that appears so that possibly resembles a little a 50 50 for me not quite sure yet to see this area that’s practically it if you have an interest in giving them a go i do have a recommendation link down listed below that you can use and you do not even have to top up you can simply utilize the virtual portfolio at first simply to see what you believe find out the platform and then decide on whether you wish to use it or not so i ‘d love to know your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.