We get htis a lot on our site the answer to Is Etoro Safe?….Concerns that i hear from new investors what if you’re brand new to investing you merely don’t wish to decide what you actually want to invest and you want someone to do it for you there’s only a number of manner ins which that can occur the first of all you can work with a financial investment portfolio manager they’ll usually charge a rather a high premium to do that perhaps a couple of 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 also now if you’re brand new to a total please keep in mind this platform is quite advanced you can do cfds which of course cfds are ways of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply presume since i utilize it that you can use it immediately do some due diligence have a little play around with it even invest with virtual cash they give that choice too so you really get used to the structure of the website and then when you’re ready to use your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying real business if you pick to in this specific video we’re discussing how to copy other people’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not just do something since that person has actually said they’ve made profit 14 months in a row purchase these options since you believe is the best ones for you which being stated let’s dive directly 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 element 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 great deal of platforms and the other benefit is these copy portfolios are copy trading and so that means with our money we can in fact state i want to do precisely what that trader is doing or match that exact portfolio of options and basically every time they make a trade they purchase they offer whatever they do your cash will be simulated with it so that indicates if for example 10 of their financial investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the charges involved actually critical you understand what are the expenses of this now with any platform there will be some expense to undoubtedly these are real business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the absolutely no charge websites then may not charge you for actually buying and selling etfs or funds private commodities private stocks.
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there’ll be charges on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know prior to you really begin purchasing copy trading or copy portfolios and finally some finest guidance best practices if you are thinking about this as a tool whether you begin your journey or your more advanced financier so let’s start with costs truly essential to understand these now on there’s a couple of costs there isn’t charges to do with in fact buying and selling fine so commission charges are complimentary however there are a couple of other fees the first one is withdrawal charges so you can obviously put cash in now if you remain in the uk we put our uk cash.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your cash so you sell your shares you offer your commodities 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 naturally knowing that i’m going to make certain that i’m just withdrawing when i absolutely need 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 simply one of those alternatives that they have a great deal of platforms undoubtedly are free to do such things has this five dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every 6 months you know depends completely how you’re investing but that is a fee to remember the second cost that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s great that fits me.
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a lot of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you use anybody so if you’re utilizing trading two and 2 free trade anybody this is basic they have actually i suppose stuck with whatever charge they charge for that conversion rate you sort of have 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 in fact providing you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say provide me us dollars instead you have to pay their charges now the great feature of though when you’ve transformed your money you do not have to invest it right away that dollar value can sit in your portfolio as cash dollars for as long as you like so that indicates the initial day that you buy or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional fees so that’s actually great using that part of their website will not certainly restrict you in any way however we have to know 2 other charges the very first being what’s called spread charges okay and i’m going to show you what i imply on now a spread cost as i’m going to reveal you
on is generally the difference that belongs to the investment platform between the buy rate and the sale price all right 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 value 599 per share in tesla that actually implies that when you wish to sell or purchase as you can see it’s not the cost you’re seeing up here let me reveal you that once again so the current price of tesla is the worth of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you every time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to offer so they’re going to offer you less back with your sale and you say fine well why does that occur it just does that is the nature of a great deal of platforms out there there’s a distinction between if you’re buying it then you wish to sell it which is how they make a bit of cash on those spread charges it’s generally extremely little it could be a matter of pens matter of cents in there however that’s one location every investment company will again make a little bit money now the last feat is called an
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overnight fee now this is truly important if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy sell transaction in the very same day alright there’s then an overnight fee charged and even if you go from the friday to the monday before cruising a weekend fee now this just applies to cfds so if you’re really buying out the etf the stock the product and using time one take advantage of which means you’re really buying the exact asset instead of using leverage anyhow you will not get hit with these fees however these fees are if you’re using leverage and cfds and then you’re going to have these costs if you’re not buy selling in the exact same day so let’s state if you enter into the assistance area this isn’t the overnight costs info you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some additional charges of course depending upon what you are buying too this is on your own so keep that in mind but full charges are totally within their aid information all right and we discussed along with free to deposit in however there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds normal commodity stock shares everything there’s that 5 dollar withdrawal fee now another thing to call it as i’ve said copy trading and copy portfolios are two various methods of really using these copy functions they do not have any additional fees on top of the normal costs that
are there now what you need to bear in mind though is these possibly managed by other individuals completely or in some cases have actually produced portfolios you’ve got a genuine individual doing the management you need to make certain you select the person that’s right for you similar to any profession this is your monetary assets so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do wish to utilize this function we’ve got a number of various options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your credit card information or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with utilizing your genuine cash maybe this is a great choice for you once again to evaluate the theories okay you might want to buy tesla or apple or this etf why not utilize the virtual choice as a method to type of safe have fun with it obviously you might have lost out on gains and losses during that time obviously if you had actually invested your genuine cash it permits you to build self-confidence comprehend the platform so that’s one option for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i mean by that clearly for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of just indicates am i all right with possibly losing a great quantity of this financial investment or acquiring as
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well now remember everything is downs and ups you will generate income you’ll lose cash that’s why they make the statistic 75 individuals will lose money however that equally suggests they’ll lose at some point in their journey undoubtedly people do make money too and i’ve got videos everything about how you can make certain you are among individuals to in fact generate income but in this scenario make certain you research study your danger level would you be fine offering your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re someone who isn’t wishing to be that risky do not choose somebody who’s totally into crypto or currency conversion think of it you ‘d most likely want a foundation of strong products
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like gold or perhaps oil plus more standard etfs and index funds you might 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 in fact utilize this too actually easily over here you can copy people now it will provide you a lot of options and you can utilize the system to actually search for someone that you elegant in fact following so let’s see perhaps we desire somebody from joined kingdom um who invests in let’s see who does etfs they have actually gotten a minimum of 10 yeah that sounds fair that sounds a good amount and i can discover everyone who has actually met that requirements and it does offer you a risk factor too so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a number of individuals that have rather high returns
bear in mind 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 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 validate are you all right with this and off you go now another way to in fact deep dive if we click this person for example ruby mza as an example you can really deep dive into what is she really buying so let’s enter 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 understand ibm paypal yep she’s definitely like kind of into those blue box and the tech market she’s got a few of mine in fact that i buy too which is good so in fact for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s also got a little bit more um of the type of main food business and you’ve got you understand pharmaceutical and production business as that. Is Etoro Safe?.
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