Is Etoro Better Than Trading212 2021 | MBC

We get this a lot on our site and the answer to Is Etoro Better Than Trading212….Concerns that i speak with new investors what if you’re brand new to investing you merely do not want to decide what you in fact want to invest and you desire someone to do it for you there’s only a number of ways that that can occur the first off you can work with an investment portfolio supervisor they’ll typically charge a rather a high premium to do that possibly one or two percent of your earnings will go to them the other thing is naturally you can purchase mutual funds specific funds are created once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios too now if you’re brand new to an overall please remember this platform is rather innovative you can do cfds which obviously cfds are methods of investing

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with not in fact having the full amount of capital so with anything that you’re discovering please do study the platform do not just assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual money they give that alternative as well so you really get used to the structure of the website 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 risk this is investing we’re doing you’re buying real companies if you select to in this specific video we’re speaking about how to copy other people’s financial investments with your money so undoubtedly your capital is at threat and we have to bear that in mind do not simply do something because that person has said they’ve made revenue 14 months in a row buy these choices due to the fact that you think is the right ones for you and that being said let’s dive straight in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one aspect that is most likely.

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popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that suggests with our money we can really say i wish to do exactly what that trader is doing or match that precise portfolio of alternatives and essentially every time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that means if for instance 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 charges included really crucial you comprehend what are the expenses of this now with any platform there will be some cost to certainly these are real companies that are investing they’re doing the buying the selling for you there’s going to be charges included and even some of the absolutely no charge websites then may not charge you for really buying and selling etfs or funds specific commodities private stocks.

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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges 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 prior to you really start investing in copy trading or copy portfolios and finally some best advice best practices if you are thinking of this as a tool whether you begin your journey or your advanced investor so let’s start with fees really essential to comprehend these now on there’s a couple of costs there isn’t fees to do with actually buying and selling all right so commission charges are complimentary however there are a couple of other fees the very first one is withdrawal costs so you can obviously put money in now if you remain 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 on however when you want to withdraw your money so you offer your shares you sell your products whatever you’re selling 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 certain that i’m just withdrawing when i absolutely require to now you might state fine that’s rather expensive and i get that but it’s all to do with how they run their platform they have to charge costs someplace and withdrawal fees are just among those options that they have a great deal of platforms obviously are complimentary to do such things has this five dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year when every six months you know depends completely how you’re investing but that is a cost to keep in mind the 2nd cost that i have actually discussed is that conversion fee now with you’re handling us dollars just there’s not an option to purchase in euros or uk and that’s great that suits me.

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a great deal of my stocks are us dollar stocks anyway or the etfs that i’m purchasing and even some crypto so i’m great with that we have what’s called the fx currency conversion cost now when you utilize anybody so if you’re using trading 2 and 2 free trade anyone at all this is standard they have i expect stuck to whatever charge they charge for that conversion rate you type of have to accept you understand if you want to use their platform go from uk to us then that conversion charge exists what are they in fact 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 provide me us dollars instead you need to pay their fees now the fantastic thing about though when you’ve converted your money you do not have to invest it immediately that dollar value can being in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional fees so that’s really excellent utilizing that part of their website won’t certainly limit you in any way however we have to be aware of two other fees the first being what’s called spread fees alright and i’m going to reveal you what i mean on now a spread fee as i’m going to reveal you

on is essentially the difference that is part of the investment platform between the buy rate 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 website today tesla’s dollar worth 599 per share in tesla that in fact indicates that when you want to purchase or offer as you can see it’s not the rate you’re seeing up here let me show you that once again so the existing price of tesla is the value of a share what’s called spread charges is the distinction then in fact to buy that share on the platform and you’ll discover this everywhere this is another way that they make a small amount of make money from you every time you do a buyer’s share so keep that in mind clearly it’s more costly to buy than it is to offer so they’re going to offer you less back with your sale and you state okay well why does that happen it just does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it which is how they make a little bit of money on those spread costs it’s generally exceptionally little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last accomplishment is called an

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overnight fee now this is actually crucial if you’re in fact using cfds yourself as well an over night fee is when you’re not doing that buy sell deal in the same day all right there’s then an over night fee charged or perhaps if you go from the friday to the monday before cruising a weekend cost now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and utilizing time one take advantage of which implies you’re actually buying the precise possession instead of utilizing leverage anyway you won’t get hit with these fees but these charges are if you’re using take advantage of and cfds and then you’re going to have these fees if you’re not buy selling in the exact same day so let’s state if you go into the help section this isn’t the overnight fees information 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 over night or you’re doing over weekends and that just applies as i stated to cfds there are some surcharges naturally depending upon what you are buying too this is on your own so keep that in mind however complete fees are entirely within their aid information all right and we discussed along with complimentary to deposit in but there’s a five dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal cost now another thing to call it as i’ve said copy trading and copy portfolios are 2 various methods of actually utilizing these copy works they don’t have any extra fees on top of the typical charges that

exist now what you require to remember though is these potentially managed by other people totally or in some cases have actually developed portfolios you’ve got a genuine person doing the management you have to make sure you choose the individual that’s right for you much like any type of work this is your monetary assets so we absolutely need to make sure it’s the ideal 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 couple of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real cash or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you will not need to put in your charge card information or anything you can generally have this virtual portfolio imitate as if you are using your own money however in fact buy pretend buy copy people whatever you like if you’re not

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feeling comfy with utilizing your real money possibly this is a fantastic alternative for you again to test the theories all right you may wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it clearly you might have lost out on gains and losses during that time obviously if you had actually invested your genuine cash it allows you to develop confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive really how to copy individuals and copy portfolios now here’s something to bear in mind prior to you select someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your danger 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 financial investments the riskier you can be risk just indicates am i okay with potentially losing a good quantity of this investment or gaining as

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well now remember whatever is downs and ups you will generate income you’ll lose cash that’s why they make the fact 75 individuals will lose cash but that similarly implies they’ll lose eventually in their journey obviously individuals do generate income too and i’ve got videos all about how you can make certain you are among the people to in fact generate income but in this scenario make sure you research study your risk level would you be okay offering your cash to somebody else which is successfully what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wishing to be that dangerous don’t select someone who’s entirely into crypto or currency conversion think of it you ‘d probably desire a foundation of strong commodities

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like gold or perhaps oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can actually utilize this too really quickly over here you can copy individuals now it will offer you a lot of options and you can use the system to really look for somebody that you elegant actually following so let’s see perhaps we desire somebody from unified kingdom um who purchases let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds a good amount and i can find everybody who has actually met that criteria and it does provide you a danger element as well so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of people that have rather high returns

remember it resembles anything to do with the news or predictions of the future this does not imply somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no way to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to validate are you all right with this and off you go now another way to actually deep dive if we click this person for instance ruby mza as an example you can really deep dive into what is she actually buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s excellent to understand ibm paypal yep she’s definitely like type of into those blue box and the tech market she’s got some of mine in fact that i purchase too which is good so actually for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she chooses she’s also got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production companies as that. Is Etoro Better Than Trading212.

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