the consensus is in regards to our experts stating to purchase to hold to sell the stock all the ratings where it’s come from Wikifolio Vs Etoro…
so i think there’s a great deal of curiosity about i do get a lot of questions asking me about the platform so i thought i would do a quick video just taking you through the pros and cons the things that i think are good about the platform and the important things i think are bad about the platform and then you can decide on whether you want to give it a go let’s jump directly in so the very first huge pro for me is the fact that they have expert ratings and research i definitely love this it’s got a whole page for each of the stocks just informing you what analysts are doing and saying about the stock so you can see here for example on johnson and johnson what it appears like it gives you the price 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 purchasing or selling and the expert deals also so it just reveals you whether experts have bought the shares um over the last couple of months or not i think this is definitely terrific and displayed in a really easy format so for me this is a huge plus for the platform a second big plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective however i think this minimizes your foreign exchange risk so in theory you could simply top up a bigger quantity when the currency remains in your favor and just hold the money waiting to invest it for a great deal of the platforms you need to pay the fx charges every time that you make a transaction whereas here that does not happen you simply pay the fx cost
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when you top up and when you withdraw and transform back to your own currency this clearly works finest if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it provides you access not just to stocks but likewise to commodities and cryptocurrency clearly this isn’t actually something that newbies should meddle however it does have that alternative for those of you who have an interest in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally go in and talk to individuals discuss post see what people are posting about each private stock nearly have like conversations about it and you can actually look at people’s portfolios so you can go into anyone’s profile click their portfolio and see what they are buying consisting of the popular traders you can see the profits they’ve made and everything it is very transparent and i believe it’s actually good since you often get like notifications saying thus many individuals are discussing tesla right now like see all the posts
here and it’s really cool just to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have 2 choices i believe i’ve mentioned before you can either copy individual people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve talked about this before but they have a renewable energy portfolio which simply holds loads of renewable resource stocks it’s kind of like an etf in my viewpoint um it’s really cool and i think it’s a huge plus of the platform because they’ve got loads of various themes of these portfolios um that you can select from so that’s a substantial plus for me the last pro from my perspective is it’s just got a really good design dashboard and the way it’s established so unlike the other platforms that i use at the moment they have an actually really good desktop variation it looks really clean easy to use i didn’t actually have any problems with determining what to do i like that for each stock you can go in and see everything in one place you know you can click
on the chart you can click the research study you can click on the news and it will simply tell you all the news about that particular stock it’s actually cool and likewise your portfolio just looks tidy and really good and really has a lot of data on the main portfolio page which i truly like now for the cons i believe there are three primary cons in terms of in my opinion clearly they’re not ones that have actually put me off utilizing the platform um you know i’ve done portfolio updates i utilize them myself however ones to be aware of the first one i think it is a little bit too easy to trade cfds so since the cfd platform and the typical trading platform are integrated into one it makes it quite easy for people to trade cfds now they do put
cautions in place and it’s not like you can just click a button and inadvertently open a cfd which is actually great which’s basically among the main factors that i do utilize them so it’s not really something to fret about accidentally doing however i normally believe that a lot of the platforms that offer cfds should make it even harder to open cfds for retail investors i understand many individuals who’ve lost quite a lot of cash um not on in fact but still trading cfds so i believe usually there need to most likely be a little bit more it’s going to state regulation however just typically a bit more like a few more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that shows up a lot when i discuss is people complaining about the fees now yes whilst you might compare to specific platforms that have lower costs there are likewise loads of platforms that have much higher charges so swings and roundabouts really it all depends on the big picture um they have a five dollar withdrawal cost is that really that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps that’s a lot but if you’re investing long term and you’re just going to be getting like a thousand pounds at a time then does it truly matter probably not so simply weigh that up um when you when you take a look at it there’s a few other fees on their cost page however normally the actual investing into stocks is commission free so once you’ve topped up you can do as many deals as you want in terms of purchasing underlying assets without paying additional fees and finally the last con from me is the portfolio history so i discover it a little bit tough to figure out sort of what i have actually invested where i have to go into each private stock just to see when i have actually invested into it and how much instead of 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 really like to see all of the financial investments if possible and also i’ve still not truly figured out the dividends and how that appears so that possibly resembles a little bit of a 50 50 for me not quite sure yet to enjoy this area that’s basically 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 don’t even need to top up you can just use the virtual portfolio initially simply to see what you think discover the platform and then decide on whether you want to utilize it or not so i ‘d like to know your ideas if you do try it out what you think of it and yeah that’s pretty much it for th.