eToro Trading Thread
Discussion
g4ry13 said:
I was thinking of putting >$500 on and optimistically making more. Paying $25 to withdraw is extortionate. Or am I being a bit tight on this? I've never deposited on a speculative site and had to pay to get my money off. I have paid wire fees for a US broker, but not this where they aren't even US based. Out of all the reasons, is $25 a stupid enough reason to not do this? 
Deposit $25,000 because then the $25 fee will seem tiny.
A bit of a delayed weekly roundup. I chose the right week to not put any money on the site as it seems some of the people i'm copying had bad weeks.
- Zuckerman - I have been following for 2 weeks now. -6% ROI, although I don't think it's much given his leverage sizing.
- Noasnoas - currently +17% ROI, I think she had a pretty bad week as last week it was +26.5% which is rather surprising for her.
- MaxxizLT - A little under 100% up on the account, lost some money on the week.
- FCInvestment - +13%, he's had a big losing week as it was +28.7% last week.
- BestTraders - He's slowly making back the money and it's -13% ROI.
Bottom line, I am a bit surprised at some of those swings and with the withdrawal fees i'm not sure if this is something i'd 'invest' in.
- Zuckerman - I have been following for 2 weeks now. -6% ROI, although I don't think it's much given his leverage sizing.
- Noasnoas - currently +17% ROI, I think she had a pretty bad week as last week it was +26.5% which is rather surprising for her.
- MaxxizLT - A little under 100% up on the account, lost some money on the week.
- FCInvestment - +13%, he's had a big losing week as it was +28.7% last week.
- BestTraders - He's slowly making back the money and it's -13% ROI.
Bottom line, I am a bit surprised at some of those swings and with the withdrawal fees i'm not sure if this is something i'd 'invest' in.
I have been paying less and less attention to eToro. I have been going off the idea lately.
- Zuckerman - I have been following for 3 weeks now. A not so good week and now -11.5% ROI.
- Noasnoas - currently +30% ROI, she had a good week and gained 13% on the week.
- MaxxizLT - Another profitable week and now +127% ROI overall.
- FCInvestment - +20%, a 7% gain on the week.
- BestTraders - -16% ROI, a fairly stagnant week for him and i'll probably unfollow soon.
I doubt i'll do another roundup this Friday as i'll be away. Looking at those numbers i'm asking myself if I am being a bit silly about giving a few % away to eToro to withdraw my money. I will think about it all though.
- Zuckerman - I have been following for 3 weeks now. A not so good week and now -11.5% ROI.
- Noasnoas - currently +30% ROI, she had a good week and gained 13% on the week.
- MaxxizLT - Another profitable week and now +127% ROI overall.
- FCInvestment - +20%, a 7% gain on the week.
- BestTraders - -16% ROI, a fairly stagnant week for him and i'll probably unfollow soon.
I doubt i'll do another roundup this Friday as i'll be away. Looking at those numbers i'm asking myself if I am being a bit silly about giving a few % away to eToro to withdraw my money. I will think about it all though.
Glad to see this thread has defended in to the keyboard warriors P*$$ing on each other.
Well back to topic, me and 2 work friends have started having a flutter with real cash and it is fun and an easy way to try getting our cash to "maybe" earn better interest than our savings account.
has anyone had any success with the Crypto stocks? like XRP?
Well back to topic, me and 2 work friends have started having a flutter with real cash and it is fun and an easy way to try getting our cash to "maybe" earn better interest than our savings account.
has anyone had any success with the Crypto stocks? like XRP?
I'm on there and have been very happy thus far, I've got a family member and a couple of work colleagues copying me as well. Currently 124% since May and Risk score 4 (daveshaw301). I mainly invest in tech stock and some medical given mine and my girlfriends professions.
Regarding XRP I closed off my worst trade ever the other day, eToro's login broke and I was riding the wave up, when it came back down and the login was working again I was $500 down, I currently have a ticket with them.
3 of my best people to copy are:
jaynemesis
alexplesk
wesl3y
MrThor is pretty decent too
Regarding XRP I closed off my worst trade ever the other day, eToro's login broke and I was riding the wave up, when it came back down and the login was working again I was $500 down, I currently have a ticket with them.
3 of my best people to copy are:
jaynemesis
alexplesk
wesl3y
MrThor is pretty decent too
BUMP
Are many of you still using eToro?
I just opened an account as I hadn't bought crypto before, it seems slick and I might use more or even close some of my other accounts, I don't really like Revolut.
My Hargreaves Landsdown account just seems expensive to run compared to these others. Especially when dabbling with high-risk penny stocks in low values.
Are many of you still using eToro?
I just opened an account as I hadn't bought crypto before, it seems slick and I might use more or even close some of my other accounts, I don't really like Revolut.
My Hargreaves Landsdown account just seems expensive to run compared to these others. Especially when dabbling with high-risk penny stocks in low values.
KrissKross said:
BUMP
Are many of you still using eToro?
I just opened an account as I hadn't bought crypto before, it seems slick and I might use more or even close some of my other accounts, I don't really like Revolut.
My Hargreaves Landsdown account just seems expensive to run compared to these others. Especially when dabbling with high-risk penny stocks in low values.
The key is to make sure you aren't using hammers to clean the crockery. Are many of you still using eToro?
I just opened an account as I hadn't bought crypto before, it seems slick and I might use more or even close some of my other accounts, I don't really like Revolut.
My Hargreaves Landsdown account just seems expensive to run compared to these others. Especially when dabbling with high-risk penny stocks in low values.
HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
DonkeyApple said:
The key is to make sure you aren't using hammers to clean the crockery.
HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
Thank you, great advice!HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
KrissKross said:
DonkeyApple said:
The key is to make sure you aren't using hammers to clean the crockery.
HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
Thank you, great advice!HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
EFH189 said:
KrissKross said:
DonkeyApple said:
The key is to make sure you aren't using hammers to clean the crockery.
HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
Thank you, great advice!HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
Don't try to fix your Ferrari yourself, take it to the dealer. If you can't afford dealer rates, you can't afford the car.
Don't use a Youtube video as guidance on how to change the cylinder head.
If you really want to do some DIY, only change the wiper blades. Then, if you are feeling adventurous, try and change a light bulb - but be prepared to pay to fix any scratches or broken lenses.
Is that about right?
pingu393 said:
EFH189 said:
KrissKross said:
DonkeyApple said:
The key is to make sure you aren't using hammers to clean the crockery.
HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
Thank you, great advice!HL is an investment platform. It's not structured for punting in penny shares or other gambling products and it doesn't want that business as the income it would earn would be less than the charges it levies. So it makes sense to not use them for trading or punting on high risk markets.
Likewise eToro. It's a portal to let other gamblers gamble with your money on the premis that they are better gamblers. They run wide spreads (masked charges) to enable the facilitation of multiple orders that are in excess of available liquidity and where possible bet against the client. Since this thread began the truth has been revealed as to the ability of other gamblers to generate gains for fellow gamblers in that financial bookmakers now have to publish the percentage of their clients that lose each month. The norm being the same it has always been and why financial bookmaking is hugely profitable, 70%. EToro having to publish their figure out pays to the misnomer that somehow a gambler sitting in his underpants in a bedait in Estonia is somehow more lucky than one in Hounslow.
Revolut, well that's Russian owned. 'Nuff said. Nothing ever changes in that front and nothing ever will. For small sums is absolutely fine but you won't ever receive favourable execution or find it easy to drill down to the real costs.
Of the discount penny share brokers you probably need to work out what charges are better for your deal size, whether it's paying the real LSE or exchange price and a separate, transparent comm charge or whether it's cheaper to use one of the supposedly comm free brokers who sell the client flow to off exchanges and dark pools away from the true market price, the difference being your comm charge.
Don't try to fix your Ferrari yourself, take it to the dealer. If you can't afford dealer rates, you can't afford the car.
Don't use a Youtube video as guidance on how to change the cylinder head.
If you really want to do some DIY, only change the wiper blades. Then, if you are feeling adventurous, try and change a light bulb - but be prepared to pay to fix any scratches or broken lenses.
Is that about right?
If you're going to use YouTube to fix an engine don't use a video on how to make slime.
The point being that most people don't bother obtaining the faintest ideo of the product in front of them before diving in and making a hash of it. If you've got a job to do then at least make sure you've got the right tools and have bothered to find out what to do.
Ah, so due diligence is the name of the game, both in deciding the best platform and in deciding the best stocks (or whatever).
I'm going to give eToro's and IG's demo accounts a whirl and see what happens. That will test the platforms. The first test has failed, as I don't know what spread there is on the £/$ rates on eToro, so I'll need to use $ in PayPal to feed eToro and withdraw my winnings.
My plan is to play with $10,000 in eToro (£7408.50 on IG) for a while and see what happens .
I'm going to give eToro's and IG's demo accounts a whirl and see what happens. That will test the platforms. The first test has failed, as I don't know what spread there is on the £/$ rates on eToro, so I'll need to use $ in PayPal to feed eToro and withdraw my winnings.
My plan is to play with $10,000 in eToro (£7408.50 on IG) for a while and see what happens
.Yup. They key to remember is that the two brokers are completely different so it depends on what you are looking to specifically do as to which serves you better. For example, they are both screwdrivers but until you understand what job you have to be done you can't know which is the correct screwdriver. You need to ensure that you first know the job and then understand the tools.
Yep. I understand that I have seen a CNC milling machine in a shop (found eToro and IG), and that I want to make something sexy . I will probably end up with a pile of scrap and lots of broken milling bits 
.
For info, in the last hour, I've virtually invested $10,000 in 5 stocks in both eToro and IG...
47 units of DGE @ 3003.5
90 units of CPG @ 1585.5
72 units of SMWH @ 1995
141 units of EZJ @ 1021.5
18 units of NXT @ 7664
eToro charged $9844.93, IG charged £7094.82
I was on PayPal and usng their exchange rate it would have cost £7408.50 to convert to $10,000, so...
eToro charged 98.45% of my fund and IG charged 95.77% of my fund - so it looks like it's cheaper to buy on IG. Understandable, as there have been no currency transaction costs.
IG seems much more "clunky" than eToro, and I have to calculate my exposure on IG, whereas eToro does that for you.
I'll let those trades ride for a while before I go through the process of drawing down, and analysing the costs.
. I will probably end up with a pile of scrap and lots of broken milling bits .For info, in the last hour, I've virtually invested $10,000 in 5 stocks in both eToro and IG...
47 units of DGE @ 3003.5
90 units of CPG @ 1585.5
72 units of SMWH @ 1995
141 units of EZJ @ 1021.5
18 units of NXT @ 7664
eToro charged $9844.93, IG charged £7094.82
I was on PayPal and usng their exchange rate it would have cost £7408.50 to convert to $10,000, so...
eToro charged 98.45% of my fund and IG charged 95.77% of my fund - so it looks like it's cheaper to buy on IG. Understandable, as there have been no currency transaction costs.
IG seems much more "clunky" than eToro, and I have to calculate my exposure on IG, whereas eToro does that for you.
I'll let those trades ride for a while before I go through the process of drawing down, and analysing the costs.
This is all part of the learning experience.
The above was to compare the two sites for charges and usability. The stocks were random.
I would want to hold a stock for more than a week, but probably not more than a year.
I'm not interested in buying in the am and hoping for a profit by the pm - so CFDs are not do me.
I thought IG and eToro did the same thing. I thought they were a way to easily buy and sell shares. It looks like this is what eToro does, but not IG.
I don't want to be using a physical broker if I can help it. I want to be 100% in control of the trade.
My grandad used to buy and sell shares using a broker. I want to do the same, but online.
The above was to compare the two sites for charges and usability. The stocks were random.
I would want to hold a stock for more than a week, but probably not more than a year.
I'm not interested in buying in the am and hoping for a profit by the pm - so CFDs are not do me.
I thought IG and eToro did the same thing. I thought they were a way to easily buy and sell shares. It looks like this is what eToro does, but not IG.
I don't want to be using a physical broker if I can help it. I want to be 100% in control of the trade.
My grandad used to buy and sell shares using a broker. I want to do the same, but online.
pingu393 said:
This is all part of the learning experience.
The above was to compare the two sites for charges and usability. The stocks were random.
I would want to hold a stock for more than a week, but probably not more than a year.
I'm not interested in buying in the am and hoping for a profit by the pm - so CFDs are not do me.
I thought IG and eToro did the same thing. I thought they were a way to easily buy and sell shares. It looks like this is what eToro does, but not IG.
I don't want to be using a physical broker if I can help it. I want to be 100% in control of the trade.
My grandad used to buy and sell shares using a broker. I want to do the same, but online.
Ok. I think there is some confusion here. The above was to compare the two sites for charges and usability. The stocks were random.
I would want to hold a stock for more than a week, but probably not more than a year.
I'm not interested in buying in the am and hoping for a profit by the pm - so CFDs are not do me.
I thought IG and eToro did the same thing. I thought they were a way to easily buy and sell shares. It looks like this is what eToro does, but not IG.
I don't want to be using a physical broker if I can help it. I want to be 100% in control of the trade.
My grandad used to buy and sell shares using a broker. I want to do the same, but online.
Firstly, most of those tickets are LSE so I do t understand why you're mentioning Dollars or PayPal.
If you're not trading CFDs then you'll be trading physical. Neither of which any broker has any control over so I'm not understanding that bit.
Plus, if you're trading physical, which you seem to be then IG have a wholly different process than etoro. One will clear onto the exchange or into a dark pool but the other sells it's flow so prices you pay will differ.
This is what I was referring to earlier in that you need to know what you're actually buying as different brokers are actually selling quite different things.
If you want to buy and hold shares at the exchange price then use IG. If you want to gamble or deal in micro lots then use eToro.
Edited by DonkeyApple on Friday 12th March 22:25
La Liga said:
£10k on unleveraged products with spreads / fees is likely going to be a waste of time.
The probability of you outperforming the underlying index over the long-term is extremely low.
As long as it's positive over the timeframe that I'm looking at I'll be happy. I'll find out in about a month if the spread/fees eat the profit and make the whole thing a waste of time.The probability of you outperforming the underlying index over the long-term is extremely low.
$1.53 profit yesterday
I used to buy physical gold and the spread was 10%, so I understand how much growth I need to make a profit.
I'm only looking at beating the high street's interest rates, which are currently close to zero, so any profit is a bonus.
DonkeyApple said:
Firstly, most of those tickets are LSE so I do t understand why you're mentioning Dollars or PayPal.
This is because eToro only works in $. I want to control my exchange rate as much as possible. I would want to use the currency of the platform, and only convert when I have to. My money can stay in my PayPal account in $ until I need £ to spend in the UK.Later, I'll test out US (NYSE and NASDAQ) stocks to see if the costs are less. It might be cheaper to work in $ only.
DonkeyApple said:
If you're not trading CFDs then you'll be trading physical. Neither of which any broker has any control over so I'm not understanding that bit.
I thought that a broker follows my instruction. My understanding was that he (or it, in the case of a website) is an intermediary.DonkeyApple said:
Plus, if you're trading physical, which you seem to be then IG have a wholly different process than etoro. One will clear onto the exchange or into a dark pool but the other sells it's flow so prices you pay will differ.
I've not found IG's platform for trading physical. I'll have a look. All the info that I've read is that IG only deals in CFDs. Until last night, I didn't understand the difference between CFDs and physical. I'm definitely not interested in CFDs. I'd like to make pin money, not a living wage. If I can turn £10000 into £10500 in 12 months, that'll do me.DonkeyApple said:
This is what I was referring to earlier in that you need to know what you're actually buying as different brokers are actually selling quite different things.
Every day's a school day, and yesterday was a busy day in class.DonkeyApple said:
If you want to buy and hold shares at the exchange price then use IG. If you want to gamble or deal in micro lots then use eToro.
I only want to deal in physical, so it's eToro (or similar) for me. I just need to find the best eToro-type site now.Sorry, I'm just not understanding this at all. If you want physical then you want IG not etoro. If you want to trade at real prices then you need IG not etoro and if you want to trade in the right currency and not have unnecessary currency risk then you need IG not some dollar based firm.
For what you are looking to do etoro would be just about the worst option. They're for day trading and gambling in tiny sizes and if you can't even pick your base currency then that's madness as the last thing you want is currency risk.
This is exactly what I mean about understanding what the broker is.
For what you are looking to do etoro would be just about the worst option. They're for day trading and gambling in tiny sizes and if you can't even pick your base currency then that's madness as the last thing you want is currency risk.
This is exactly what I mean about understanding what the broker is.
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