Degiro Fees Explained – Turtles of Trading

On this post you’ll find the answer to Degiro Fees Explained….Questions that i speak with new investors what if you’re brand new to investing you simply do not wish to choose what you really wish to invest and you want someone to do it for you there’s only a number of manner ins which that can take place the to start with you can employ a financial investment portfolio supervisor they’ll usually charge a quite a high premium to do that perhaps one or two percent of your revenues will go to them the other thing is naturally you can buy mutual funds particular funds are created again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to an overall please keep in mind this platform is rather sophisticated you can do cfds which naturally cfds are methods of investing

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with not really having the total of capital so with anything that you’re learning more about please do study the platform don’t just presume due to the fact that i use it that you can use it immediately do some due diligence have a little experiment with it even invest with virtual money they give that choice also so you in fact get utilized to the structure of the website and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re purchasing real business if you pick to in this specific video we’re discussing how to copy other people’s investments with your money so clearly your capital is at threat and we need to bear that in mind do not simply do something since that individual has stated they’ve made revenue 14 months in a row buy these options since you believe is the right ones for you which being said let’s dive directly in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it’s part of social trading which is one element that is probably.

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well-known for it’s the choice to see what other traders are doing amazing we do not usually get that insight from a lot of platforms and the other advantage is these copy portfolios are copy trading and so that means with our cash we can really state i wish to do exactly what that trader is doing or match that exact portfolio of alternatives and basically each time they make a trade they buy they offer whatever they do your cash will be mimicked with it so that indicates if for instance 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your money in so we’re going to also cover is the charges included really vital you comprehend what are the costs of this now with any platform there will be some cost to obviously these are real business that are investing they’re doing the buying the selling for you there’s going to be charges involved and even some of the zero charge sites then might not charge you for in fact buying and selling funds or etfs private commodities private stocks.

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there’ll be fees on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all sort of charges associated so do your due diligence and i’m going to show you the charges with in particular in this video the next would be things to understand before you in fact start buying copy trading or copy portfolios and finally some best suggestions best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with charges actually important to comprehend these now on there’s a couple of charges there isn’t charges to do with in fact buying and selling all right so commission charges are complimentary nevertheless there are a couple of other costs the first one is withdrawal charges so you can obviously put money in now if you remain in the uk we put our uk money.

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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you wish to withdraw your money so you offer your shares you offer your commodities whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me obviously understanding that i’m going to ensure that i’m only withdrawing when i absolutely need to now you may state all right that’s quite pricey and i get that however it’s all to do with how they run their platform they need to charge fees somewhere and withdrawal costs are simply among those choices that they have a lot of platforms certainly are free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be maybe even once a year as soon as every 6 months you know depends entirely how you’re investing but that is a charge to remember the second cost that i’ve touched upon is that conversion fee now with you’re dealing in us dollars only there’s not a choice to purchase in euros or uk and that’s great that matches me.

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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion charge now when you use anyone so if you’re utilizing trading 2 and 2 free trade anybody this is basic they have i expect stuck to whatever cost they charge for that conversion rate you type of have to accept you know if you wish to utilize their platform go from uk to us then that conversion charge is there what are they actually giving you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state offer me us dollars rather you have to pay their costs now the great thing about however when you’ve converted your money you do not have to invest it right away that dollar worth can being in your portfolio as money dollars for as long as you like so that means the initial day that you purchase or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any extra costs so that’s truly good using that part of their website will not certainly restrict you in any way nevertheless we have to understand two other charges the first being what’s called spread fees okay and i’m going to reveal you what i suggest on now a spread fee as i’m going to reveal you

on is essentially the distinction that is part of the financial investment platform in between the buy rate and the price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website right now tesla’s dollar value 599 per share in tesla that really indicates that when you want to offer or buy as you can see it’s not the cost you’re seeing up here let me show you that again so the existing price of tesla is the value of a share what’s called spread costs is the distinction then in fact to buy that share on the platform and you’ll find this all over this is another manner in which they make a percentage of make money from you every time you do a buyer’s share so keep that in mind certainly it’s more costly to buy than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a lot of platforms out there there’s a distinction between if you’re buying it then you want to offer it and that is how they make a little bit of money on those spread out costs it’s typically incredibly little it could be a matter of pens matter of cents in there however that’s one place every investment company will again make a bit money now the last task is called an

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overnight charge now this is really essential if you’re actually using cfds yourself as well an over night charge is when you’re not doing that buy offer transaction in the same day alright there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend cost now this just applies to cfds so if you’re in fact buying out the etf the stock the commodity and utilizing time one utilize which implies you’re actually purchasing the specific property instead of utilizing leverage anyway you won’t get hit with these charges but these charges are if you’re using utilize and cfds and after that you’re going to have these charges if you’re not buy selling in the exact same day so let’s state if you go into the assistance section this isn’t the over night fees information you can see precisely the breakdown and it’ll inform you what are the charges what are the charges then for when you’re doing over night or you’re doing over weekends and that only uses as i said to cfds there are some additional charges obviously depending on what you are purchasing too this is on your own so keep that in mind but complete fees are completely within their help information okay and we spoke about along with free to deposit in but there’s a 5 dollar charge if you want to withdraw from anything whether it’s been cfds typical product stock shares everything there’s that five dollar withdrawal fee now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different methods of in fact using these copy works they do not have any additional charges on top of the typical fees that

are there now what you require to keep in mind though is these potentially handled by other people completely or in some cases have actually created portfolios you’ve got a real individual doing the management you have to ensure you pick the individual that’s right for you similar to any kind of work this is your financial assets so we absolutely require to make certain it’s the ideal person for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a number of various alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the choice to invest real money or a virtual platform virtual means i believe you get yep a hundred thousand dollars to play with and it’s not real money that you’re investing you won’t need to put in your charge card details or anything you can basically have this virtual portfolio imitate as if you are using your own cash but really buy pretend buy copy individuals whatever you like if you’re not

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feeling comfortable with utilizing your genuine cash possibly this is a fantastic option for you again to test the theories alright you might want to buy tesla or apple or this etf why not utilize the virtual option as a method to sort of safe have fun with it undoubtedly you might have missed out on gains and losses throughout that time naturally if you had invested your genuine money it allows you to develop self-confidence understand the platform so that’s one choice for you then next week and i’m going to go back to my genuine portfolio here now we’re going to deep dive in fact how to copy individuals and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy make sure you comprehend what your danger profile is now what do i suggest by that undoubtedly for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply suggests am i all right with possibly losing an excellent quantity of this financial investment or acquiring as

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well now remember whatever is downs and ups you will earn money you’ll lose money that’s why they make the figure 75 individuals will lose money however that equally implies they’ll lose at some point in their journey certainly people do generate income also and i have actually got videos all about how you can make sure you are among the people to really generate income but in this scenario make certain you research your risk level would you be fine giving your cash to somebody else which is effectively what you’re doing and trusting them ensure you understand what they’re investing in fully if you’re someone who isn’t wishing to be that dangerous don’t pick somebody who’s completely into crypto or currency conversion consider it you ‘d most likely want a backbone of strong commodities

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like gold and even oil plus more traditional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the very same with who you’re following now as i say you can in fact utilize this too truly easily over here you can copy people now it will give you a great deal of options and you can utilize the system to actually look for someone that you elegant in fact following so let’s see possibly we want someone from unified kingdom um who purchases let’s see who does etfs they have actually acquired at least 10 yeah that sounds fair that sounds a good amount and i can find everybody who has fulfilled that requirements and it does offer you a threat element also so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of people that have quite high returns

bear in mind it resembles anything to do with the news or predictions of the future this does not mean somebody will make 56 for you for the next 12 months they might make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to confirm are you all right with this and off you go now another method to in fact deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she actually buying so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s definitely like sort of into those blue box and the tech market she’s got some of mine in fact that i invest in too which is good so really for me understanding what i like to invest in my specific stocks and shares she would resonate with me she’s got a great spread in tech business that appears to be what she prefers she’s also got a bit more um of the sort of primary food companies and you’ve got you understand pharmaceutical and production business as that. Degiro Fees Explained.

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