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so i believe there’s a lot of curiosity about i do get a lot of concerns asking me about the platform so i thought i would do a fast video simply taking you through the benefits and drawbacks the important things that i think are good about the platform and the things i think are bad about the platform and after that you can decide on whether you wish to give it a go let’s jump directly in so the first huge pro for me is the truth that they have analyst scores and research study i definitely like this it’s got an entire page for each of the stocks simply telling you what experts are doing and saying about the stock so you can see here for example on johnson and johnson what it looks like it gives 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 selling or purchasing and the insider deals as well so it simply reveals you whether insiders have bought the shares um over the last couple of months or not i think this is definitely excellent and displayed in a truly easy format so for me this is a substantial plus for the platform a 2nd huge plus for me is the truth that your currency is held in u.s dollars so i guess this is subjective however i believe this minimizes your foreign exchange risk so in theory you might simply top up a bigger quantity when the currency remains in your favor and simply hold the money waiting to invest it for a lot of the platforms you need to pay the fx costs every time that you make a deal whereas here that doesn’t happen you simply pay the fx cost
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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 third big pro of the platform in my viewpoint is that it offers you gain access to not just to stocks however likewise to products and cryptocurrency obviously this isn’t truly something that novices should meddle however it does have that alternative 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 literally enter and speak with people talk about post see what individuals are posting about each specific stock almost have like discussions about it and you can in fact take a look at individuals’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are purchasing consisting of the popular traders you can see the earnings they’ve made and whatever it is very transparent and i think it’s actually great due to the fact that you frequently get like alerts saying thus lots of people are discussing tesla right now like see all the posts
here and it’s truly cool simply to see what people are thinking the next pro of the platform remains in my viewpoint the copy portfolios so they have 2 alternatives i think i have actually mentioned before you can either copy individual individuals or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i have actually talked about this before however they have a renewable energy portfolio which just holds loads of renewable energy stocks it’s sort of like an etf in my viewpoint um it’s actually cool and i believe it’s a big plus of the platform since 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 truly nice layout control panel and the way it’s set up so unlike the other platforms that i usage at the moment they have a really actually good desktop version it looks really tidy easy to use i didn’t truly have any issues 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 on the research you can click the news and it will just inform you all the news about that particular stock it’s really cool and also your portfolio just looks tidy and actually good and in fact has a great deal of data on the main portfolio page which i actually like now for the cons i believe there are 3 primary cons in terms of in my opinion clearly they’re not ones that have put me off using the platform um you know i’ve done portfolio updates i use them myself but ones to be aware of the first one i believe it is a little bit too easy to trade cfds so due to the fact that the cfd platform and the typical trading platform are integrated into one it makes it quite easy for people to trade cfds now they do put
warnings in place and it’s not like you can just click a button and accidentally open a cfd which is really good and that’s practically one of the main reasons that i do use them so it’s not really something to fret about unintentionally doing however i typically believe that a great deal of the platforms that offer cfds must make it even harder to open cfds for retail financiers i know several people who’ve lost quite a lot of money um not on actually but still trading cfds so i think normally there should probably be a bit more it’s going to say regulation but simply typically a little bit more like a few more
hoops to jump through if you will um to open a cfd trade second of all the charges so this is something that turns up a lot when i talk about is people grumbling about the costs now yes whilst you may compare to certain platforms that have lower charges there are likewise loads of platforms that have much higher fees so swings and roundabouts truly it all depends on the big picture um they have a 5 dollar withdrawal charge is that truly that much perhaps if you’re continuously withdrawing l.
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ike 20 50 100 pounds yes maybe that’s a lot however if you’re investing long term and you’re just going to be securing like a thousand pounds at a time then does it really matter probably not so just weigh that up um when you when you take a look at it there’s a few other charges on their fee page but generally the real investing into stocks is commission complimentary so as soon as you’ve topped up you can do as numerous deals as you want in regards to buying underlying assets without paying extra charges and finally the last con from me is the portfolio history so i discover it a bit hard to figure out sort of what i’ve invested where i have to go into each private stock simply to see when i have actually invested into it and 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 likewise i’ve still not truly figured out the dividends and how that shows up so that potentially resembles a little bit of a 50 50 for me not quite sure yet to watch this space that’s practically it if you are interested in giving them a go i do have a referral link down below that you can utilize and you do not even have to top up you can just utilize the virtual portfolio at first just to see what you think discover the platform and after that decide on whether you wish to utilize it or not so i ‘d love to know your ideas if you do try it out what you consider it and yeah that’s pretty much it for th.