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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 fast video simply taking you through the pros and cons the things that i think are excellent about the platform and the things i think are bad about the platform and then you can make a choice on whether or not you want to provide it a go let’s dive directly in so the very first big pro for me is the reality that they have analyst rankings and research i absolutely like this it’s got an entire page for each of the stocks simply telling you what analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it looks like it provides you the price 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 buying or offering and the insider transactions also so it simply shows you whether insiders have bought the shares um over the last couple of months or not i believe this is absolutely terrific and shown in a really easy format so for me this is a big plus for the platform a 2nd substantial plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective however i believe this minimizes your forex risk so in theory you could simply top up a larger amount when the currency is in your favor and just hold the money waiting to invest it for a lot of the platforms you have to pay the fx charges each time that you make a transaction whereas here that does not happen you just pay the fx cost
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when you top up and when you withdraw and convert back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the third huge pro of the platform in my opinion is that it gives you gain access to not just to stocks however likewise to products and cryptocurrency undoubtedly this isn’t really something that novices need to meddle however it does have that alternative for those of you who have an interest in products and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can literally go in and talk with individuals discuss post see what people are posting about each private stock almost have like discussions about it and you can really look at individuals’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are purchasing including the popular traders you can see the earnings they have actually made and whatever it is extremely transparent and i think it’s actually excellent due to the fact that you often get like notifications stating like so many people are talking about tesla right now like see all the posts
here and it’s truly cool just to see what people are believing the next pro of the platform is in my viewpoint the copy portfolios so they have two options i think i have actually mentioned before you can either copy specific 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 energy portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my opinion um it’s actually cool and i think it’s a big plus of the platform since they have actually got loads of various themes of these portfolios um that you can select from so that’s a substantial plus for me the final pro from my perspective is it’s just got a really nice design control panel and the way it’s set up so unlike the other platforms that i usage at the moment they have a really really good desktop variation it looks really tidy easy to use i didn’t actually have any problems with determining what to do i like that for each stock you can go in and see whatever in one location you know you can click
on the chart you can click the research study you can click the news and it will simply inform you all the news about that particular stock it’s actually cool and also your portfolio simply looks tidy and actually nice and in fact has a lot of data on the main portfolio page which i truly like now for the cons i think there are three main cons in regards to in my opinion plainly they’re not ones that have put me off utilizing the platform um you understand i have actually done portfolio updates i use them myself but ones to be knowledgeable about the first one i believe it is a bit too easy to trade cfds so because the cfd platform and the normal trading platform are incorporated into one it makes it quite simple for people to trade cfds now they do put
cautions in place and it’s not like you can simply click a button and accidentally open a cfd which is really great which’s practically among the main factors that i do utilize them so it’s not really something to worry about unintentionally doing however i normally think that a lot of the platforms that use cfds must make it even harder to open cfds for retail investors i understand several individuals who’ve lost rather a great deal of money um not on really but still trading cfds so i believe typically there need to probably be a bit more it’s going to state policy however simply generally a little bit more like a few more
hoops to leap through if you will um to open a cfd trade second of all the costs so this is something that turns up a lot when i speak about is people complaining about the costs now yes whilst you might compare to certain platforms that have lower charges there are likewise loads of platforms that have much higher costs so roundabouts and swings truly all of it depends upon the big picture um they have a five dollar withdrawal charge is that actually that much possibly if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes perhaps that’s a lot but if you’re investing long term and you’re just going to be securing like a thousand pounds at a time then does it actually matter most likely not so simply weigh that up um when you when you look at it there’s a few other costs on their fee page but normally the real investing into stocks is commission complimentary so once you have actually topped up you can do as lots of transactions as you want in regards to buying underlying assets without paying extra charges and lastly the last con from me is the portfolio history so i find it a little bit tough to figure out sort of what i have actually invested where i have to go into each specific stock simply to see when i’ve invested into it and how much rather than 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 truly like to see all of the financial investments if possible and also i’ve still not truly found out the dividends and how that appears so that possibly resembles a little a 50 50 for me not quite sure yet to enjoy this space that’s practically it if you have an interest in giving them a go i do have a recommendation link down listed below that you can utilize and you don’t even need to top up you can just use the virtual portfolio at first just to see what you believe discover the platform and then decide on whether you wish to use it or not so i ‘d love to know your thoughts if you do try it out what you think about it and yeah that’s pretty much it for th.