Interactive Brokers Vs Etoro 2021 | MBC

We get this a lot on our site and the answer to Interactive Brokers Vs Etoro….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not want to decide what you actually wish to invest and you want somebody to do it for you there’s just a couple of ways that that can occur the first of all you can work with a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that maybe a couple of percent of your revenues will go to them the other thing is obviously you can buy mutual funds specific funds are produced again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to a total please keep in mind this platform is quite innovative you can do cfds which naturally cfds are methods of investing

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with not actually having the full amount of capital so with anything that you’re finding out about please do study the platform do not simply presume because i use it that you can utilize it right now do some due diligence have a little experiment with it even invest with virtual money they give that option as well so you in fact get utilized to the structure of the site and then when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re investing in real companies if you choose to in this specific video we’re discussing how to copy other individuals’s financial investments with your money so obviously your capital is at threat and we need to bear that in mind do not simply do something since that individual has actually said they’ve made revenue 14 months in a row invest in these options since you think is the right ones for you and that being stated let’s dive directly in [Music] The things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.

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famous for it’s the option to see what other traders are doing extraordinary we don’t generally get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that indicates with our money we can in fact state i want to do exactly what that trader is doing or match that exact portfolio of options and generally each time they make a trade they buy they sell whatever they do your cash will be simulated with it so that indicates if for example 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the costs involved really critical you comprehend what are the costs of this now with any platform there will be some cost to undoubtedly these are genuine companies that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero charge websites then might not charge you for really buying and selling etfs or funds individual products individual stocks.

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there’ll be costs on other parts perhaps it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced investor so let’s begin with charges actually important to understand these now on there’s a couple of costs there isn’t fees to do with really buying and selling fine so commission charges are totally free however there are a couple of other costs the very first one is withdrawal fees so you can undoubtedly put money in now if you’re in the uk we put our uk cash.

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and it’s automatically converted into us dollars and i’ll cover a little point about that later however when you wish to withdraw your money so you offer your shares you offer your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to make sure that i’m only withdrawing when i absolutely need to now you might state fine that’s rather costly and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are simply among those alternatives that they have a lot of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year when every 6 months you understand depends entirely how you’re investing but that is a charge to keep in mind the second fee that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to buy in euros or uk which’s fine that matches me.

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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing and even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anybody so if you’re using trading 2 and two free trade anybody this is basic they have i suppose stuck with whatever cost they charge for that conversion rate you type of need to accept you know if you want to use their platform go from uk to us then that conversion charge is there what are they actually offering you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say offer me us dollars rather you need to pay their charges now the great feature of though when you have actually converted your cash you do not have to invest it right away that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s truly great utilizing that part of their website won’t certainly limit you in any way however we need to know 2 other costs the first being what’s called spread fees alright and i’m going to reveal you what i indicate on now a spread charge as i’m going to reveal you

on is basically the difference that belongs to the financial investment platform in between the buy price and the list price fine it’s their premium on doing both those two actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually means that when you wish to buy or sell as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the existing rate of tesla is the value of a share what’s called spread fees is the difference then actually to purchase that share on the platform and you’ll discover this all over this is another way that they make a percentage of profit from you whenever you do a buyer’s share so keep that in mind clearly it’s more expensive to buy than it is to sell so they’re going to offer you less back with your sale and you state okay well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you want to offer it and that is how they make a bit of cash on those spread out costs it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a little bit cash now the last accomplishment is called an

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overnight fee now this is truly crucial if you’re really using cfds yourself also an overnight charge is when you’re not doing that buy sell transaction in the same day fine there’s then an over night cost charged or perhaps if you go from the friday to the monday before sailing a weekend charge now this only applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which implies you’re really buying the specific asset instead of utilizing utilize anyway you won’t get hit with these fees however these costs are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you enter into the help section this isn’t the overnight fees details you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only uses as i said to cfds there are some added fees of course depending upon what you are investing in too this is on your own so keep that in mind but complete charges are totally within their help info okay and we discussed along with totally free to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of actually utilizing these copy operates they do not have any extra fees on top of the regular charges that

are there now what you need to remember though is these potentially managed by other individuals completely or sometimes have actually developed portfolios you have actually got a real person doing the management you have to ensure you choose the person that’s right for you similar to any kind of work this is your monetary properties so we definitely need to ensure it’s the right person for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a number of different alternatives for us first off if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest genuine money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you will not require to put in your credit card details or anything you can generally have this virtual portfolio mimic as if you are using your own money however actually purchase pretend buy copy individuals whatever you like if you’re not

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feeling comfy with utilizing your real money possibly this is a terrific alternative for you once again to check the theories fine you may wish to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe play with it clearly you might have lost out on gains and losses during that time of course if you had actually invested your real cash it enables you to construct confidence understand the platform so that’s one option for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember prior to you pick somebody that you’re going to copy or a portfolio you’re going to copy ensure you understand what your threat profile is now what do i indicate by that certainly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just means am i fine with potentially losing an excellent amount of this investment or getting as

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well now keep in mind whatever is downs and ups you will generate income you’ll lose money that’s why they make the figure 75 individuals will lose money but that equally implies they’ll lose at some point in their journey obviously people do make money too and i have actually got videos everything about how you can ensure you’re one of the people to actually generate income however in this situation ensure you research study your threat level would you be alright offering your cash to another person which is successfully what you’re doing and trusting them make sure you understand what they’re buying fully if you’re somebody who isn’t wanting to be that risky don’t choose someone who’s entirely into crypto or currency conversion consider it you ‘d most likely desire a backbone of strong products

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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can in fact utilize this too really quickly over here you can copy individuals now it will provide you a lot of options and you can utilize the system to in fact search for someone that you expensive actually following so let’s see possibly we desire somebody from joined kingdom um who buys let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can find everybody who has satisfied that criteria and it does provide you a danger factor as well so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of individuals that have quite high returns

keep in mind it’s like anything to do with the news or predictions of the future this does not mean someone will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to ensure so do keep that in mind and as easy as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another method to in fact deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually investing in so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s definitely like type of into those blue box and the tech industry she’s got some of mine actually that i buy too which is great so in fact for me understanding what i like to purchase my individual stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she prefers she’s also got a bit more um of the kind of primary food companies and you have actually got you understand pharmaceutical and production business as that. Interactive Brokers Vs Etoro.

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