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I believe there’s a lot of curiosity about i do get a lot of questions asking me about the platform so i believed i would do a quick video just 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 give it a go let’s jump straight in so the first huge pro for me is the reality that they have analyst scores and research study i absolutely enjoy this it’s got a whole page for each of the stocks just informing you what analysts are stating and doing 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 buying or selling and the insider deals too so it simply shows you whether insiders have actually purchased the shares um over the last couple of months or not i think this is definitely fantastic and displayed in an actually simple 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 but i believe this reduces your forex danger so in theory you could just top up a larger quantity when the currency remains in your favor and simply hold the cash waiting to invest it for a lot of the platforms you have to pay the fx costs each time that you make a deal whereas here that doesn’t happen you just pay the fx cost

What is social trading?

when you top up and when you withdraw and convert back to your own currency this undoubtedly works best if you invest a lot into u.s stocks the third big pro of the platform in my opinion is that it offers you access not just to stocks but likewise to commodities and cryptocurrency clearly this isn’t truly something that novices need to dabble in however it does have that choice for those of you who are interested in commodities and cryptocurrency the next pro in my viewpoint is the social element of the platform so you can actually enter and talk with people comment on post see what people are posting about each specific stock nearly have like conversations about it and you can in fact look at people’s portfolios so you can go into anyone’s profile click their portfolio and see what they are investing in consisting of the popular traders you can see the revenues they’ve made and whatever it is very transparent and i believe it’s actually good because you typically get like alerts stating like so many individuals are talking about tesla today like see all the posts

here and it’s actually cool just to see what individuals are thinking the next pro of the platform remains in my opinion the copy portfolios so they have two choices i think i’ve pointed out before you can either copy private 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 prior to but they have a renewable energy portfolio which simply holds loads of renewable energy stocks it’s type of like an etf in my viewpoint um it’s truly cool and i believe it’s a substantial plus of the platform since they’ve got loads of different themes of these portfolios um that you can pick from so that’s a big plus for me the last pro from my viewpoint is it’s just got a really good layout dashboard and the method it’s set up so unlike the other platforms that i usage at the moment they have a truly truly nice desktop variation it looks actually clean easy to use i didn’t actually have any issues with finding out what to do i like that for each stock you can go in and see everything in one place you understand you can click

on the chart you can click on the research study you can click on the news and it will just tell you all the news about that particular stock it’s really cool and also your portfolio just looks really good and tidy and really has a lot of information on the main portfolio page which i actually like now for the cons i think there are 3 main cons in terms of in my opinion clearly they’re not ones that have put me off utilizing the platform um you understand i’ve done portfolio updates i use them myself however ones to be aware of the first one i believe it is a bit too simple to trade cfds so because the cfd platform and the regular trading platform are integrated into one it makes it rather simple for people to trade cfds now they do put

cautions in place and it’s not like you can just click a button and accidentally open a cfd which is actually good which’s practically one of the primary reasons that i do use them so it’s not truly something to stress over unintentionally doing however i typically believe that a great deal of the platforms that provide cfds ought to make it even harder to open cfds for retail investors i know several individuals who’ve lost rather a great deal of cash um not on actually however still trading cfds so i believe normally there need to probably be a bit more it’s going to say guideline but simply generally a little more like a couple of more

hoops to leap through if you will um to open a cfd trade second of all the fees so this is something that turns up a lot when i discuss is people complaining about the costs now yes whilst you might compare to specific platforms that have lower fees there are also loads of platforms that have much higher costs so roundabouts and swings actually all of it depends upon the big picture um they have a five dollar withdrawal fee is that truly that much perhaps if you’re continuously withdrawing l.

How to trade crypto in 2022 – 2023

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 taking out like a thousand pounds at a time then does it truly matter probably not so just weigh that up um when you when you look at it there’s a few other fees on their cost page but usually the actual investing into stocks is commission totally free so as soon as you’ve topped up you can do as numerous deals as you want in terms of purchasing underlying properties without paying extra charges and lastly the last con from me is the portfolio history so i discover it a little bit tough to determine sort of what i’ve invested where i need to go into each individual 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 really like to see all of the financial investments if possible and likewise i have actually still not truly 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 enjoy this space that’s basically it if you have an interest in providing a go i do have a referral link down below that you can use and you do not even need to top up you can simply use the virtual portfolio at first simply to see what you believe learn the platform and after that decide on whether you want to use it or not so i ‘d enjoy to understand your thoughts if you do try it out what you consider it and yeah that’s pretty much it for th.