Etoro: Thoughts

Gunnerbar

Registered User
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128
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.
 
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