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I believe there’s a lot of interest about i do get a lot of concerns asking me about the platform so i believed i would do a quick video just taking you through the pros and cons the things that i believe are great about the platform and the things i believe are bad about the platform and then you can make a choice on whether or not you want to offer it a go let’s dive straight in so the first huge pro for me is the truth that they have analyst rankings and research i definitely like this it’s got a whole 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 provides you the rate 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 selling or purchasing and the expert deals as well so it simply shows you whether insiders have actually bought the shares um over the last few months or not i think this is absolutely great and shown in a really easy format so for me this is a substantial plus for the platform a 2nd huge 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 minimizes your foreign exchange danger so in theory you might just top up a larger quantity when the currency remains in your favor and simply hold the money waiting to invest it for a lot of the platforms you have to pay the fx charges whenever that you make a transaction whereas here that does not happen you simply pay the fx fee
What is social trading?
when you top up and when you withdraw and transform back to your own currency this obviously works best if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it offers you access not just to stocks but likewise to products and cryptocurrency certainly this isn’t really something that newbies should meddle but it does have that choice for those of you who are interested in commodities and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually enter and talk with individuals talk about post see what people are publishing about each individual stock almost have like conversations about it and you can in fact take a look at people’s portfolios so you can go into anybody’s profile click their portfolio and see what they are purchasing consisting of the popular traders you can see the profits they have actually made and whatever it is extremely transparent and i believe it’s truly good since you often get like alerts saying like so many people are discussing tesla today like see all the posts
here and it’s actually cool simply to see what people are believing the next pro of the platform is in my viewpoint the copy portfolios so they have 2 alternatives i believe i have actually discussed before 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’ve discussed this prior to however they have a renewable resource portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my opinion um it’s really cool and i think it’s a big plus of the platform due to the fact that they have actually got loads of different styles of these portfolios um that you can select from so that’s a big plus for me the final pro from my perspective is it’s simply got a really good design control panel and the way it’s set up so unlike the other platforms that i use at the moment they have a truly actually nice desktop variation it looks really clean easy to use i didn’t really have any concerns with figuring out what to do i like that for each stock you can enter and see whatever in one location you understand you can click
on the chart you can click the research you can click on the news and it will simply tell you all the news about that particular stock it’s actually cool and also your portfolio simply looks clean and actually nice 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 three primary cons in regards to in my opinion clearly they’re not ones that have put me off utilizing the platform um you know i’ve done portfolio updates i use them myself however ones to be aware of the first one i believe it is a little bit too simple to trade cfds so because the cfd platform and the normal trading platform are integrated into one it makes it quite simple for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and mistakenly open a cfd which is really good and that’s basically among the primary reasons that i do utilize them so it’s not actually something to worry about unintentionally doing however i usually believe that a lot of the platforms that offer cfds need to make it even harder to open cfds for retail financiers i know several individuals who have actually lost quite a lot of money um not on actually but still trading cfds so i think normally there should most likely be a bit more it’s going to state regulation however just usually a bit more like a couple of more
hoops to jump through if you will um to open a cfd trade second of all the charges so this is something that comes up a lot when i speak about is individuals grumbling about the fees now yes whilst you may compare to specific platforms that have lower costs there are likewise loads of platforms that have much higher fees so swings and roundabouts really everything depends upon the big picture um they have a five dollar withdrawal cost is that really that much perhaps if you’re constantly withdrawing l.
How to trade crypto in 2022 – 2023
ike 20 50 100 pounds yes possibly that’s a lot however if you’re investing long term and you’re just going to be getting like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you look at it there’s a couple of other charges on their cost page but typically the actual investing into stocks is commission complimentary so once you have actually topped up you can do as numerous transactions as you want in terms of purchasing underlying possessions without paying additional charges and finally 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 individual stock just 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 financial investments if possible and also i’ve still not actually found out the dividends and how that appears so that potentially resembles a little a 50 50 for me not quite sure yet to see this space that’s pretty much it if you are interested in providing a go i do have a recommendation link down listed below that you can utilize and you do not even have to top up you can simply use the virtual portfolio at first just to see what you believe find out the platform and then make a decision on whether you wish to utilize it or not so i ‘d love to know your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.