We get this a lot on our site the answer to Etoro Who Pays The Fee….Questions that i hear from brand-new investors what if you’re brand new to investing you just do not want to choose what you in fact want to invest and you want someone to do it for you there’s only a couple of manner ins which that can take place the to start with you can hire a financial investment portfolio manager they’ll usually charge a quite a high premium to do that possibly one or two percent of your revenues will go to them the other thing is naturally you can purchase mutual funds specific funds are produced again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to a total please keep in mind this platform is rather innovative you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform do not just assume because i use it that you can use it right away do some due diligence have a little play around with it even invest with virtual cash they consider that option also so you in fact get used to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at risk this is investing we’re doing you’re buying genuine companies if you pick to in this specific video we’re speaking about how to copy other individuals’s investments with your cash so obviously your capital is at threat and we have to bear that in mind do not just do something because that person has stated they have actually made revenue 14 months in a row buy these choices because you think is the ideal ones for you and that being stated let’s dive directly in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is probably.
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famous for it’s the choice to see what other traders are doing amazing we do not typically get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading therefore that means with our money we can really say i wish to do precisely what that trader is doing or match that exact portfolio of alternatives and essentially each time they make a trade they buy they offer whatever they do your money will be simulated with it so that suggests if for example 10 of their financial investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees included really crucial you comprehend what are the costs of this now with any platform there will be some expense to obviously these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero cost websites then might not charge you for really buying and selling funds or etfs specific commodities specific stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all type of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to understand before you really begin purchasing copy trading or copy portfolios and finally some best suggestions best practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with costs really essential to understand these now on there’s a number of costs there isn’t costs to do with really buying and selling fine so commission costs are free however there are a couple of other costs the very first one is withdrawal costs so you can certainly put money in now if you remain in the uk we put our uk money.
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and it’s immediately converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i definitely need to now you may say okay that’s quite pricey and i get that however it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are just one of those choices that they have a lot of platforms clearly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mostly it can be perhaps even once a year as soon as every 6 months you know depends completely how you’re investing but that is a fee to bear in mind the 2nd cost that i’ve touched upon is that conversion fee now with you’re handling us dollars just there’s not a choice to buy in euros or uk and that’s fine that suits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying and even some crypto so i’m great with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re using trading 2 and two open market anybody this is basic they have i suppose stuck with whatever charge they charge for that conversion rate you sort of have to accept you know if you wish to utilize their platform go from uk to us then that conversion fee is there what are they in fact providing you in terms of your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and state provide me us dollars instead you have to pay their costs now the great feature of however when you’ve transformed your money you do not need to invest it right now that dollar worth can being in your portfolio as cash dollars for as long as you like so that suggests the preliminary day that you buy or convert your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra fees so that’s actually great using that part of their website won’t certainly restrict you in any way however we need to understand two other charges the very first being what’s called spread costs fine and i’m going to show you what i imply on now a spread charge as i’m going to reveal you
on is generally the distinction that becomes part of the investment platform between the buy rate and the list price alright it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually suggests that when you want to purchase or offer as you can see it’s not the price you’re seeing up here let me reveal you that once again so the present cost of tesla is the worth of a share what’s called spread fees is the distinction then actually to purchase that share on the platform and you’ll find this everywhere this is another way that they make a percentage of make money from you every time you do a buyer’s share so keep that in mind obviously it’s more pricey to buy than it is to sell so they’re going to offer you less back with your sale and you say fine well why does that occur it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you wish to offer it which is how they make a bit of money on those spread fees it’s usually exceptionally small it could be a matter of pens matter of cents in there however that’s one place every investment firm will once again make a little bit cash now the last task is called an
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over night cost now this is truly important if you’re in fact utilizing cfds yourself too an over night charge is when you’re not doing that buy offer deal in the same day alright there’s then an over night fee charged or perhaps if you go from the friday to the monday prior to cruising a weekend charge now this just applies to cfds so if you’re in fact buying out the etf the stock the product and utilizing time one take advantage of which indicates you’re actually buying the precise property rather than using take advantage of anyway you won’t get hit with these fees however these charges are if you’re using leverage and cfds and then you’re going to have these charges if you’re not buy offering in the very same day so let’s say if you go into the help area this isn’t the over night fees info you can see precisely the breakdown and it’ll tell you what are the charges what are the charges then for when you’re doing overnight or you’re doing over weekends which only applies as i stated to cfds there are some additional charges of course depending upon what you are investing in also this is on your own so keep that in mind however full fees are totally within their aid info all right and we discussed in addition to totally free to deposit in but there’s a five dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that 5 dollar withdrawal charge now another thing to call it as i’ve said copy trading and copy portfolios are 2 different ways of actually using these copy operates they don’t have any additional fees on top of the typical costs that
are there now what you need to remember though is these possibly managed by other individuals entirely or in some cases have developed portfolios you have actually got a real person doing the management you need to make sure you choose the person that’s right for you much like any kind of work this is your financial possessions so we absolutely need to make sure it’s the right individual for us prior to we copy them so the first things i would call it if you do wish to utilize this function we have actually got a number of different options for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t require to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are utilizing your own money but in fact buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with using your real money possibly this is a fantastic choice for you once again to evaluate the theories all right you might wish to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe play with it undoubtedly you might have lost out on gains and losses throughout that time obviously if you had invested your genuine cash it allows you to construct self-confidence understand the platform so that’s one alternative for you then next week and i’m going to return to my genuine portfolio here now we’re going to deep dive actually how to copy people and copy portfolios now here’s something to remember before you select somebody that you’re going to copy or a portfolio you’re going to copy make certain you understand what your threat profile is now what do i imply by that certainly for me i’m investing long term and they tend to say the longer you’re leaving your financial investments the riskier you can be risk simply implies am i okay with possibly losing a great quantity of this financial investment or getting as
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well now remember whatever is ups and downs you will make money you’ll lose money that’s why they make the fact 75 people will lose money but that similarly indicates they’ll lose eventually in their journey certainly people do generate income also and i’ve got videos all about how you can make certain you are among the people to really make money but in this circumstance make sure you research your threat level would you be okay giving your money to somebody else which is successfully what you’re doing and trusting them ensure you comprehend what they’re investing in totally if you’re someone who isn’t wanting to be that dangerous do not pick someone who’s totally into crypto or currency conversion think about it you ‘d probably want a foundation of strong products
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like gold or even oil plus more standard etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i state you can actually use this too actually quickly over here you can copy individuals now it will give you a great deal of options and you can use the system to actually search for somebody that you elegant really following so let’s see maybe we desire someone from joined kingdom um who purchases let’s see who does etfs they’ve acquired a minimum of 10 yeah that sounds reasonable that sounds an excellent amount and i can discover everyone who has met that requirements and it does give you a risk aspect also so it tends to be the greater the number the more riskier they are with their stock investing now obviously there are a number of individuals that have quite high returns
bear in mind it’s like anything to do with the news or forecasts of the future this does not indicate someone will make 56 for you for the next 12 months they could make four or minus 50 there’s no other way to ensure so do keep that in mind and as simple as clicking the copy button and off you go and after that you know ask you to verify are you all right with this and off you go now another method to actually deep dive if we click this person for example ruby mza as an example you can in fact deep dive into what is she really buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to know ibm paypal yep she’s certainly like sort of into those blue box and the tech industry she’s got some of mine actually that i buy too which is good so in fact for me understanding what i like to buy my private stocks and shares she would resonate with me she’s got a great spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the kind of primary food business and you’ve got you know pharmaceutical and production business as that. Etoro Who Pays The Fee.
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