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I believe there’s a lot of interest about i do get a lot of questions 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 think are good about the platform and the things i think are bad about the platform and then you can make a decision on whether or not you want to offer it a go let’s jump directly in so the first big pro for me is the fact that they have analyst ratings and research i absolutely enjoy this it’s got an entire page for each of the stocks simply informing you what analysts are saying and doing about the stock so you can see here for example on johnson and johnson what it looks like it gives you the rate targets that they think it

will reach um what so you can see here like citigroup morgan stanley um the hedge fund activities where the hedge funds are selling or purchasing and the expert transactions also so it simply reveals you whether insiders have actually bought the shares um over the last couple of months or not i think this is absolutely fantastic and shown in an actually simple format so for me this is a big plus for the platform a second big plus for me is the reality that your currency is held in u.s dollars so i guess this is subjective however i believe this reduces your foreign exchange danger 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 costs whenever that you make a deal whereas here that doesn’t occur you simply pay the fx charge

What is social trading?

when you top up and when you withdraw and convert back to your own currency this certainly works best if you invest a lot into u.s stocks the 3rd big pro of the platform in my opinion is that it provides you access not simply to stocks but also to commodities and cryptocurrency certainly this isn’t really something that beginners must meddle however it does have that choice for those of you who are interested in products and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can actually enter and talk with individuals comment on post see what individuals are posting about each private stock practically have like discussions about it and you can in fact look at individuals’s portfolios so you can enter into anybody’s profile click their portfolio and see what they are buying consisting of the popular traders you can see the revenues they have actually made and everything it is very transparent and i think it’s really good due to the fact that you frequently get like alerts stating like so many people are discussing tesla right now like see all the posts

here and it’s actually cool just to see what individuals are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have 2 choices i think i have actually pointed out 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 have actually spoken about this before but they have a renewable resource portfolio which simply holds loads of renewable resource stocks it’s sort of like an etf in my viewpoint um it’s truly cool and i think it’s a substantial plus of the platform since they have actually got loads of various styles of these portfolios um that you can pick from so that’s a huge plus for me the last pro from my viewpoint is it’s just got a truly great design control panel and the way it’s established so unlike the other platforms that i use at the moment they have a truly really great desktop variation it looks actually tidy easy to use i didn’t actually have any problems with figuring out what to do i like that for each stock you can enter and see whatever in one location you know you can click

on the chart you can click on the research study you can click the news and it will simply tell you all the news about that specific stock it’s actually cool and likewise your portfolio just looks clean and truly good and actually has a great deal of data on the main portfolio page which i actually like now for the cons i think there are 3 main cons in regards to in my viewpoint plainly they’re not ones that have put me off utilizing the platform um you understand i have actually done portfolio updates i utilize them myself however ones to be knowledgeable about the very first one i think it is a little bit too easy to trade cfds so since the cfd platform and the regular trading platform are integrated into one it makes it rather simple for individuals to trade cfds now they do put

warnings in place and it’s not like you can simply click a button and accidentally open a cfd which is really great and that’s pretty much among the main factors that i do utilize them so it’s not really something to worry about inadvertently doing but i usually think that a great deal of the platforms that use cfds should make it even harder to open cfds for retail financiers i know quite a few people who have actually lost rather a lot of money um not on in fact but still trading cfds so i believe usually there must most likely be a bit more it’s going to say guideline but just typically a bit more like a couple of more

hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that shows up a lot when i talk about is people complaining about the costs now yes whilst you might compare to particular platforms that have lower costs there are also loads of platforms that have much greater charges so roundabouts and swings really everything depends on the big picture um they have a 5 dollar withdrawal fee is that truly that much possibly if you’re constantly withdrawing l.

How to trade crypto in 2022 – 2023

ike 20 50 100 pounds yes maybe 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 most likely not so simply weigh that up um when you when you take a look at it there’s a few other charges on their charge page but normally the actual investing into stocks is commission free so as soon as you have actually topped up you can do as numerous deals as you want in regards to buying underlying assets without paying extra fees and lastly the last con from me is the portfolio history so i find it a little bit hard to determine sort of what i have actually invested where i have to go into each individual stock simply to see when i’ve invested into it and just 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 investments if possible and also i’ve still not truly determined the dividends and how that shows up so that possibly resembles a little a 50 50 for me not quite sure yet to watch this space that’s pretty much it if you have an interest in giving them a go i do have a referral link down below that you can use and you don’t even have to top up you can just utilize the virtual portfolio initially just to see what you think find out the platform and then make a decision on whether you want to utilize it or not so i ‘d like to understand your thoughts if you do try it out what you think about it and yeah that’s practically it for th.