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I think there’s a lot of interest about i do get a lot of questions asking me about the platform so i thought 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 decision on whether or not you want to provide it a go let’s jump directly in so the first big pro for me is the fact 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 analysts are doing and stating about the stock so you can see here for example on johnson and johnson what it looks like it gives you the cost 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 offering or buying and the insider deals as well so it simply reveals you whether insiders have actually bought the shares um over the last couple of months or not i believe this is absolutely terrific and displayed in a really easy format so for me this is a substantial plus for the platform a second big plus for me is the fact that your currency is held in u.s dollars so i guess this is subjective but 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 simply hold the money waiting to invest it for a great deal of the platforms you need to pay the fx fees every time that you make a transaction whereas here that does not occur you just pay the fx cost
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when you top up and when you withdraw and transform back to your own currency this undoubtedly works finest if you invest a lot into u.s stocks the 3rd huge pro of the platform in my viewpoint is that it gives you access not simply to stocks however likewise to products and cryptocurrency undoubtedly this isn’t really something that beginners ought to dabble in but it does have that option for those of you who are interested in products and cryptocurrency the next pro in my opinion is the social aspect of the platform so you can actually enter and talk to people discuss post see what people are publishing about each specific stock almost have like discussions about it and you can really take a look at people’s portfolios so you can enter into anybody’s profile click on their portfolio and see what they are investing in including the popular traders you can see the earnings they have actually made and whatever it is really transparent and i think it’s actually good since you typically get like notices saying like so lots of people are speaking about tesla right now like see all the posts
here and it’s really cool simply to see what people are thinking the next pro of the platform remains in my opinion the copy portfolios so they have two options i believe i’ve pointed out 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 have actually spoken about this prior to however they have a renewable resource portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my opinion um it’s truly cool and i believe it’s a substantial plus of the platform due to the fact that they’ve got loads of different styles of these portfolios um that you can select from so that’s a substantial plus for me the last pro from my perspective is it’s just got an actually 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 truly great desktop version it looks really tidy easy to use i didn’t actually have any issues with finding out what to do i like that for each stock you can enter and see everything in one location you understand you can click
on the chart you can click the research 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 really great and tidy and really has a great deal of information on the primary portfolio page which i truly like now for the cons i think there are three primary cons in regards to in my opinion plainly they’re not ones that have put me off utilizing the platform um you know i have actually done portfolio updates i utilize them myself however ones to be knowledgeable about the first one i believe it is a little bit too simple to trade cfds so due to the fact that the cfd platform and the normal trading platform are integrated into one it makes it rather easy 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 actually good which’s pretty much among the main factors that i do use them so it’s not truly something to fret about unintentionally doing however i normally believe that a great deal of the platforms that offer cfds should make it even harder to open cfds for retail financiers i understand quite a few individuals who have actually lost quite a great deal of cash um not on actually but still trading cfds so i think usually there must most likely be a bit more it’s going to say policy however simply typically a little bit more like a couple of more
hoops to leap through if you will um to open a cfd trade secondly the fees so this is something that comes up a lot when i talk about is people complaining about the fees now yes whilst you may compare to certain platforms that have lower fees there are likewise loads of platforms that have much higher charges 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.
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ike 20 50 100 pounds yes perhaps 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 truly matter most likely not so just weigh that up um when you when you look at it there’s a few other costs on their cost page but usually the actual investing into stocks is commission complimentary so once you have actually topped up you can do as many deals as you desire in regards to buying underlying possessions without paying extra charges and finally the last con from me is the portfolio history so i find it a little bit tough to find out sort of what i have actually invested where i need to go into each individual stock simply to see when i’ve invested into it and just 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 likewise i’ve still not actually found out the dividends and how that shows up so that potentially is like a bit of a 50 50 for me not quite sure yet to view 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 use and you don’t even have to top up you can simply utilize the virtual portfolio initially just to see what you believe learn the platform and then decide on whether you wish to utilize it or not so i ‘d enjoy to understand your thoughts if you do try it out what you think of it and yeah that’s practically it for th.