Hi all,
I've opened an account with Etoro but I'm just wondering what others think the advantages are over using a standard trading brokerage.
I do understand that I'm not actually trading "stock" so to speak but what are the advantages and disadvantages of using this platform. I know tat the spreads can also be quite large and the charges on the currency exchange are above retail rates.
But AFAIK I don't think I'm liable for any Capital Gains Tax which is a huge plus for me.
I'm very green when it comes to investing but any enlightenment would be welcome.
Thanks
ps I also have a custody account with Goodbody but with the fees and stagnating growth of the stock I have I feel I should just transport them into this but not sure.
I've opened an account with Etoro but I'm just wondering what others think the advantages are over using a standard trading brokerage.
I do understand that I'm not actually trading "stock" so to speak but what are the advantages and disadvantages of using this platform. I know tat the spreads can also be quite large and the charges on the currency exchange are above retail rates.
But AFAIK I don't think I'm liable for any Capital Gains Tax which is a huge plus for me.
I'm very green when it comes to investing but any enlightenment would be welcome.
Thanks
ps I also have a custody account with Goodbody but with the fees and stagnating growth of the stock I have I feel I should just transport them into this but not sure.