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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 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 decision on whether or not you desire to offer it a go let’s jump directly in so the very first big pro for me is the reality that they have analyst ratings and research study i definitely love this it’s got an entire page for each of the stocks just 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 price 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 purchasing or offering and the expert 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 think this is definitely fantastic and shown in a truly easy format so for me this is a huge plus for the platform a 2nd substantial plus for me is the reality that your currency is kept in u.s dollars so i guess this is subjective but i think this minimizes your foreign exchange danger so in theory you could simply top up a larger amount when the currency is in your favor and simply hold the cash waiting to invest it for a lot of the platforms you need to pay the fx fees every time that you make a transaction whereas here that does not occur you simply pay the fx charge
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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 huge pro of the platform in my opinion is that it offers you access not just to stocks however likewise to commodities and cryptocurrency undoubtedly this isn’t really something that newbies need to dabble in however it does have that option for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social aspect of the platform so you can literally enter and talk to people discuss post see what individuals are posting about each private stock almost have like conversations about it and you can actually look at people’s portfolios so you can enter into anyone’s profile click on their portfolio and see what they are investing in including the popular traders you can see the revenues they have actually made and whatever it is very transparent and i believe it’s actually excellent due to the fact that you often get like notices saying thus many individuals are speaking about tesla today like see all the posts
here and it’s truly cool simply to see what people are thinking the next pro of the platform is in my viewpoint the copy portfolios so they have 2 alternatives i believe i’ve pointed out before you can either copy individual people or you can copy their portfolios and by their portfolios i mean’s portfolios so as an example i’ve spoken about this prior to however they have a renewable resource portfolio which just holds loads of renewable resource stocks it’s type of like an etf in my opinion um it’s truly cool and i think it’s a substantial plus of the platform since they’ve got loads of different themes of these portfolios um that you can select from so that’s a huge plus for me the last pro from my perspective is it’s simply got an actually good layout dashboard and the way it’s set up so unlike the other platforms that i use at the moment they have an actually really great desktop version it looks truly clean easy to use i didn’t really have any issues with determining what to do i like that for each stock you can enter and see everything in one location you know you can click
on the chart you can click on the research you can click the news and it will simply tell you all the news about that specific stock it’s really cool and also your portfolio just looks really great and tidy and really has a great deal of data on the main portfolio page which i really like now for the cons i think there are three main cons in terms of 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 use them myself but ones to be familiar with the very first one i believe it is a bit too easy 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 inadvertently open a cfd which is truly great which’s basically one of the primary factors that i do use them so it’s not really something to worry about accidentally doing but i generally think that a great deal of the platforms that offer cfds ought to make it even harder to open cfds for retail investors i understand several individuals who’ve lost rather a lot of money um not on in fact however still trading cfds so i believe normally there should most likely be a little bit more it’s going to say policy however simply usually a 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 shows up a lot when i speak about is people grumbling about the costs now yes whilst you may compare to particular platforms that have lower fees there are also loads of platforms that have much greater fees so roundabouts and swings actually all of it depends on the big picture um they have a five dollar withdrawal fee is that truly that much possibly if you’re constantly withdrawing l.
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ike 20 50 100 pounds yes possibly that’s a lot however if you’re investing long term and you’re only going to be securing like a thousand pounds at a time then does it truly matter most likely not so simply weigh that up um when you when you take a look at it there’s a couple of other costs on their fee page but typically the actual investing into stocks is commission complimentary so when you have actually topped up you can do as many deals as you desire 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 little bit tough to find out sort of what i have actually invested where i have to go into each private stock simply to see when i have actually 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 really like to see all of the financial investments if possible and also i’ve still not really found out the dividends and how that shows up so that potentially is like a little a 50 50 for me not quite sure yet to enjoy this space that’s pretty much it if you are interested in giving them 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 initially just to see what you think discover the platform and after that decide on whether you want to use it or not so i ‘d love to understand your ideas if you do try it out what you consider it and yeah that’s basically it for th.