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General Category => Shares => Topic started by: erwintwr on December 18, 2015, 09:23:55 am

Title: Etoro - Anybody using?
Post by: erwintwr on December 18, 2015, 09:23:55 am

hi guys

international investing is becoming more and more tempting, and i saw this platform linked in a mybb post earlier today :
http://www.etoro.com/en/customer-service/fees/

The only thing that bothers me - is that i cant understand their Fee structure. the above link, if you move over to stocks, mentions :

Quote

please note: we will not charge holding fees for non-leveraged buy positions.

thus the only fee should be on trading, and also depositing/withdrawing your money.

This blog post indicates that a fee of 0.1% will be charge on buying a stock, and then $25 to withdraw $500 or more(5%). - eg withdrawing larger amounts is the only way to avoid the fee's.

http://www.savethestudent.org/make-money/stock-market-investing.html


They are obviously catered for the trading persona, allowing you to copy other traders with a % of your investment, which seems tempting as well - but i will rather buy and hold.

does any one see any other catches i might need to know about?