![]() One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). Open and close trades automatically when they do. If you’re using the web-based platform, you can access Reuters news, charting, and basic risk management tools, such as stop losses and price alerts.īesides the web-based platforms, both brokers have mobile apps which you can use to trade on the go.Automate your trades via Copy Trading - follow profitable traders. While it may lack some of the bells and whistles of other trading platforms, this is a quality interface that allows you to access your own software via the API interface. This is easy to access from any type of browser and it is stable. IG offers a customizable and easy-to-navigate web-based trading platform. You can set notification alerts, so you can track your interests on the go. You can create custom watchlists, which can be synced between the web and mobile platforms, so you don’t need to be tied to your desk. You can filter your search results according to ESG score if you are concerned about creating a socially conscious portfolio. You’ll also find embedded ESG ratings, which score assets according to socially conscious factors. If you don't know what it is, copy trading lets you copy professional traders and mimic their stock markets trades. This adds a “social media” feel to the platform as you can watch what more experienced traders are buying and selling. Copy trading is, in fact, one of the features that make eToro such a popular platform. On the eToro platform, you will also find the Popular Investor Program and CopyTrade features easy to find on your home screen. There is a trading tab to view prices, buy and sell with real-time pricing. Once you’re signed up, the user interface is quite intuitive. There is a self-guided questionnaire to help to set up your account, so you can get trading quite quickly. The eToro trading platform has been designed to have a streamlined onboarding process. Other fees on eToro include an inactivity fee ($10 per month) and a withdrawal fee ($5 per withdrawal). Just remember that retail CFD accounts lose money often when using such complex financial instruments. IG will make an adjustment to your account to reflect this, plus a small admin fee. eToro has a similar fee when trading CFDs. This is a charge for holding cash CFD positions after the daily cut-off time. The only other fee you may incur is an overnight funding fee. Key Forex pairs have an 0.6-point spread, while other asset classes have a spread of 0.1 to 0.8 points. The spread depends on the type of asset you’re purchasing. When you do trade, you’ll pay a spread or commission on each trade. It is free to open an account, and you’ll only pay a fee each month if you’ve not used your account for two or more years. IG’s fee structure is a little more complicated. ![]() This means that you’ll pay a 1% purchase fee and a 1% sale fee, so you’ll cover the “round trip” of your crypto in one go. Effectively, there is a 1% bid-ask spread fee, but you must pay the entire fee in advance. Instead of having a per-transaction charge, eToro front-loads its crypto fees. The only slightly confusing issue comes when you want to buy or trade crypto. In fact, neither IG Markets nor eToro charge commission fees. While you don't pay any commissions, you will have to consider a spread when buying and selling these assets. However, eToro offers trading on stocks and ETFs without any commission fees. ![]() Fees are a real sticking point for many traders, as it can be confusing to know what you’ll need to pay for each trade. ![]()
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