We get htis a lot on our site the answer to Etoro Vs Revolut Fees….Concerns that i speak with 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 somebody to do it for you there’s just a number of manner ins which that can take place the firstly you can work with an investment portfolio manager they’ll generally charge a quite a high premium to do that maybe one or two percent of your revenues will go to them the other thing is obviously you can purchase mutual funds particular funds are created 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 as well now if you’re brand new to a total please remember this platform is rather advanced you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume because i use it that you can utilize it immediately do some due diligence have a little play around with it even invest with virtual money they give that alternative as well so you really get used to the structure of the site and then when you’re ready to utilize your own cash to invest you can do so now i will disclaim obviously your capital is at threat this is investing we’re doing you’re buying genuine business if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your money so certainly your capital is at danger and we need to bear that in mind do not just do something since that individual has actually said they’ve made earnings 14 months in a row purchase these options since you believe is the best 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 element that is probably.
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popular for it’s the option to see what other traders are doing unbelievable we don’t usually get that insight from a great deal of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our cash we can in fact say i wish to do precisely what that trader is doing or match that specific portfolio of choices and basically whenever they make a trade they buy they sell whatever they do your money will be simulated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your cash in so we’re going to likewise cover is the costs included actually crucial you comprehend what are the costs of this now with any platform there will be some cost to clearly these are real companies that are investing they’re doing the purchasing the selling for you there’s going to be charges included and even some of the zero fee sites then might not charge you for actually buying and selling etfs or funds individual commodities individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all kinds of costs associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to know before you in fact begin investing in copy trading or copy portfolios and finally some best advice finest practices if you are considering this as a tool whether you start your journey or your advanced financier so let’s begin with costs truly crucial to comprehend these now on there’s a couple of charges there isn’t fees to do with really buying and selling all right so commission costs are totally free nevertheless there are a couple of other charges the very first one is withdrawal fees so you can clearly 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 in the future however when you wish to withdraw your money so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously knowing that i’m going to make sure that i’m just withdrawing when i absolutely need to now you might say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal costs are simply among those alternatives 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 largely it can be perhaps even once a year once every six months you know depends completely how you’re investing however that is a cost to remember the second charge that i’ve discussed is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk which’s fine that fits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re using trading two and 2 free trade anybody this is basic they have i expect stuck with whatever fee they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion cost exists what are they really giving 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 need to pay their fees now the terrific feature of however when you’ve converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that indicates the preliminary day that you purchase or convert your dollars is the only charge that takes place now with copy trading and copy portfolios there aren’t any extra costs so that’s really great utilizing that part of their website will not certainly limit you in any way nevertheless we need to know two other fees the very first being what’s called spread costs all right and i’m going to reveal you what i indicate on now a spread cost as i’m going to reveal you
on is basically the difference that is part of the investment platform in between the buy price and the price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site today tesla’s dollar value 599 per share in tesla that actually indicates that when you want to sell or purchase as you can see it’s not the rate you’re seeing up here let me reveal you that once again so the current cost of tesla is the worth of a share what’s called spread costs is the difference then actually to purchase that share on the platform and you’ll find this all over this is another manner in which they make a small amount of make money from you every time you do a purchaser’s share so keep that in mind obviously it’s more costly to buy than it is to offer so they’re going to give you less back with your sale and you say fine well why does that happen it simply does that is the nature of a lot of platforms out there there’s a difference in between if you’re buying it then you want to sell it which is how they make a bit of money on those spread charges it’s usually extremely little it could be a matter of pens matter of cents in there but that’s one place every investment firm will again make a bit money now the last feat is called an
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over night charge now this is truly essential if you’re really utilizing cfds yourself also an over night cost is when you’re not doing that buy offer transaction in the very same day fine there’s then an overnight fee charged or perhaps if you go from the friday to the monday prior to sailing a weekend fee now this only applies to cfds so if you’re in fact buying out the etf the stock the product and using time one take advantage of which implies you’re actually purchasing the specific possession rather than utilizing leverage anyway you will not get hit with these charges but these charges are if you’re using take advantage of and cfds and then you’re going to have these charges if you’re not buy selling in the very same day so let’s state if you enter into the help area this isn’t the overnight fees details you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends which just applies as i stated to cfds there are some added fees naturally depending on what you are investing in as well this is on your own so keep that in mind but full fees are entirely within their help details fine and we spoke about in addition to free to deposit in however there’s a 5 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 fee now another thing to call it as i’ve stated copy trading and copy portfolios are 2 different ways of actually using these copy works they don’t have any additional fees on top of the normal fees that
are there now what you require to bear in mind though is these possibly managed by other individuals completely or often have created portfolios you’ve got a real person doing the management you have to ensure you pick the person that’s right for you much like any profession this is your financial assets so we absolutely need to ensure it’s the right individual for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of different choices for us firstly if you’re brand new to investing i wish to draw your attention to this within you have the alternative to invest real cash or a virtual platform virtual ways i believe 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 credit card details or anything you can essentially have this virtual portfolio simulate as if you are using your own money however in fact buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with utilizing your genuine money perhaps this is a terrific choice for you again to test the theories fine you might wish to buy tesla or apple or this etf why not utilize the virtual choice as a way to type of safe have fun with it undoubtedly you may have missed out on gains and losses during that time naturally if you had actually invested your genuine cash it allows you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind prior to you choose somebody that you’re going to copy or a portfolio you’re going to copy ensure 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 state the longer you’re leaving your investments the riskier you can be run the risk of just implies am i all right with possibly losing an excellent amount of this financial investment or gaining 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 individuals will lose cash however that equally suggests they’ll lose eventually in their journey certainly people do make money too and i’ve got videos all about how you can ensure you are among the people to actually earn money however in this scenario ensure you research your danger level would you be fine offering your cash to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re buying fully if you’re somebody who isn’t wanting to be that risky don’t select someone who’s entirely into crypto or currency conversion consider it you ‘d probably want a backbone of strong products
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like gold or perhaps oil plus more conventional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can in fact use this too actually quickly over here you can copy people now it will offer you a great deal of choices and you can use the system to actually look for somebody that you elegant in fact following so let’s see perhaps we desire somebody from unified kingdom um who buys let’s see who does etfs they have actually acquired a minimum of 10 yeah that sounds fair that sounds an excellent amount and i can discover everyone who has met that requirements and it does give you a danger factor also so it tends to be the greater the number the more riskier they are with their stock investing now certainly there are a variety of people that have quite high returns
bear in mind it’s like anything to do with the news or predictions of the future this does not suggest somebody will make 56 for you for the next 12 months they could make four or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and after that you understand ask you to verify are you okay with this and off you go now another way to actually deep dive if we click on this person for example ruby mza as an example you can in fact deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a bit so that’s great to understand ibm paypal yep she’s absolutely like type of into those blue box and the tech industry she’s got some of mine actually that i invest in too which is excellent so really for me understanding what i like to invest in my private stocks and shares she would resonate with me she’s got a great spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the type of primary food companies and you’ve got you know pharmaceutical and production business as that. Etoro Vs Revolut Fees.
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