eToro Review – 5 Things that You Should Know Before Joining

More and more people are looking for ways to improve their financial status. One of the most popular ways to do that is through investing. The stock market used to be for only the wealthy, however, times have changed. Beginners and casual investors are starting to discover that you don’t need to have a lot of money to get started.

Thanks to technology, beginners can get started and be successful thanks to online brokerage firms. These firms, like eToro, created a powerful trading platform that gives access via web portable and mobile devices. For this article, we put together a lot of information about eToro and we hope that you can use all of the information to make an informed decision.

5 Things that You Should Know About eToro Before Becoming a Member

  1. Offers powerful multiple trading platforms – Whether you choose to use your mobile phone or tablet you get access to your account and dashboard using eToro’s powerful trading app. You can also access eToro’s powerful web portal and access your account and dashboard. Unfortunately, there is no downloadable software that works on your desktop.
  2. Powerful and innovative trading products – eToro created two power trading systems called CopyTrader and Smart Portfolios. CopyTrader harnesses the popularity of social media technology that allows you to browse other traders’ profiles to see what kinds of trades they have been making. Smart Portfolios are bundles of specific types of stocks, funds, and other asset groups together around a common theme.
  3. Provides its members access to some of the top global stock exchanges – With a list of some of the top stock exchanges that include the US markets (NASDAQ and NYSE) and many European markets such as Paris, London, Madrid, and many, many others. The actual number of stock markets that eToro provides access for its members to is 17. However, the access doesn’t include all of the available stocks on all of the exchanges.
  4. Access to Cryptocurrencies – Not all online brokerage houses are created equal, many don’t even deal in Cryptocurrency. eToro gives its members the ability to own and trade cryptocurrencies coins. This includes 35+ different coins, crypto crosses, and non-USD currency crosses. Cryptocurrencies are more volatile and should be handled carefully. They also present a higher risk of loss than another asset trading.
  5. Access to important research and other financial data – All eToro members have access to tons of research, charts, and financial news. eToro developed powerful analytic tools that are designed to help all of its members be successful traders. All of the research is available on both mobile and web portals and can be found in multiple languages.

Pros and Cons

Pros of using eToro for investing

  • There are no fees charged for transactions relating to stock trades
  • Set up costs are low as compared to some other online brokers
  • Easy to set up a brokerage account

Cons of using eToro for investing

  • Non-trade related fees are substantial
  • Accounts are charged a fee for inactivity
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Trading 212 Review – 5 Things that You Should Know Before Joining

Investing has been used by the upper class all across the world for many years. The wealthiest people used to make the largest percentage of the people who invest in the world’s investment market. However, thanks to technology and the Internet, there is a new generation of investors.

Thanks to online investment brokerage firms it is much easier for beginners and casual investors to get in on the action. One of those brokerage firms is called Trading 212, they are an online and mobile investment company that serves primarily European countries. They offer low or no-fee trading and fund transfers depending on where you live.

Setting up an account is easy as long as you qualify for an account. You will be expected to provide identification and tax information to prove your identity.

5 Things that You Should Know About Trading 212 Before Becoming a Member

  1. There are a couple of restricted countries – Trading 212 is primarily a European investment brokerage company. They do allow people from all over the world to set up an account and be a member. However, two countries are restricted from being able to sign up for an account; the United States and Canada. To prevent unauthorized people from trying to set up an account you go through a process that checks your identity. These checks include tax information and government-issued identifications.
  2. You can on choose from a list of acceptable currencies – The Trading 212 trading system allows you to select a base currency for you to use for your account. However, there is a small list of acceptable currencies. These include the following; CHF, CZK, EUR, GBP, NOK, PLN, RON, and SEK. Selecting your native currency or Euros will mean that you will likely be able to avoid losses due to currency conversions.
  3. Multiple ways to transfer funds (possible fees may apply) – Trading 212 makes it easy to transfer funds to and from your account. You use bank transfers directly from your bank account that you decided to associate with your account at the time you signed up. You can also use a credit card or bank card that you associate with your account. They also accept many of the most popular electronic wallets like Apple Pay, Google Pay, PayPal, and Skrill, just to name a few.Note: there is a small fee for transferring large amounts of money.
  4. Only two ways to trade with Trading 212 – The Trading 212 Investment system does not currently have a downloadable desktop application available. You have to either download the powerful mobile app or log in to the web portal. Either way after signing into your account you will have full access to all of your account information. You can track all of your trades and monitor your account balance in real-time. A powerful dashboard makes it easy to view all the details of your account.
  5. Tons of trading data and research available to all members – Research is a very important part of investing and Trading 212 understands that. They offer all of its member’s full access to its tons of research and trading data. This makes it much easier for its members to make better trades.
Pros and Cons

Pros of using Trading 212 for investing

  • Signing up for an account is free
  • Features a powerful mobile app and online web portal
  • No cost withdrawals at any time

Cons for using Trading 212 for investing

  • Does not allow US or Canadian residents to sign up for an account
  • A limited number of base currencies available
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Degiro Review – 5 Things that You Should Know Before Joining

Investing in stocks, funds, and securities have been around for many years. Up until recently, it was done mainly by the super-wealthy. That all changed, now, there is a new generation of younger investors. They are taking advantage of technology, mostly mobile and the Internet. These technologies have made it much easier for beginners to get started.

If you are located in Europe, you have many options to choose from. One of the top options is the online broker Degiro. They have been around since 2008 and is the top European online broker. We have found quite a bit of useful information we gather about Degiro. We decided to share it with you in this article.

While many countries in the world have active stock markets and exchanges, not all are completely accessible to all countries. Degiro currently is only available to those investors who live in 20 countries across Europe. These include; Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, United Kingdom, and Switzerland.

If you live in any other country and you pay taxes in that country you will not be able to establish a Degiro account. Part of the initial account setup is to provide proof of identity and they will know if you are allowed to set up an account based on the information that you provide.

For this article, we have come up with some valuable information about Degiro that should help you make an informed decision about whether or not you want to join them.

5 Things that You Should Know About Degiro Before Becoming a Member

  1. Largest European dscount online broker – Degiro is a discount broker that has been around since 2008. The German-Dutch company then merged with another financial institution to become Europe’s largest online-only brokerage company. It also holds an actual banking license as well.
  2. Degiro does not have a downloadable desktop application – Since Degiro is an online broker and therefore you use a desktop program to access your account. You must either use your mobile device or use the Degiro web portal to access your account information.
  3. No minimum is required to open an account – You open a Degiro account without first having any money ready to deposit. However, once you are ready to begin making trades you will need to have a bank account listed in your account.
  4. Degiro is not available for US residents – While US stock exchanges are accessible to members of Degiro, they do not accept US residents as members. If you currently pay taxes to the US government, you may not be a member of the Degiro.
  5. Degiro does not accept credit or bank cards – Degiro only accepts funds to be added to your account via bank transfer. They do not allow credit cards or bank cards to be used to deposit funds into your account. They do, however, accept funds to be added or withdrawn using electronic wallets.
Pros and Cons

Pros of using Degiro for investing

  • Deposits and withdrawals are free using your bank account
  • Choice of base account currency (note: normally the currency of your bank)
  • All accounts are handled online

Cons of using Degiro for investing

  • Not available for US-based investors
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