Some assets spread difference is changed without any information. Ive opened a position with a 200$ x5 Trade, the Position opened and being at the same price was in my Portfolio with -20% (4% spread)
Cost of opening it: 40$, closing the trade: 20$ means: 60$ has to be made in profit to BREAK EVEN would mean... Specially for oil and Natgas most people loosing money on etoro due to insane high spread. If price just moves 1-2% in the wrong direction, your position will be closed with -50%.
Aswell the spread of the currencys is extremely high (Up to 8% different) Means: You pay in 100 of your currency and it would be 92, same for payouts... Think in bigger numbers. On how much money you would need to make, to make money, after tax... I would warmly recommend everyone to move somewhere else. No Broker doing spreads of 4% sometimes more. With a leverage even just x5 your position is highly likely to get SL hit. Means you need to be an absolutely longterm profitable trader. Otherwise dont use any Leverage. Chance to loose money on this Broker aswell due currency spread is super easy here.
Spreads for crypto: sometimes 5%
Currency eur to usd is insanely high, if you pay money into usd account. Specially crypto, there are tons of brokers with a spread of 0.1% without costs for holding or open / closing it. On this Plattform: Every single asset you have to pay a good amount for open and closing a trade. Few assets (Nasdaq) Spread is low, cost for open and closing low.
On some Assets and its not easy to see: Spreads and costs are beyond everything i have ever seen:
Cost for opening: 40% of amount, closing the same: 20% With a spread on that trade of up to 5% is like gamble on Roulette. Chance to loose is nearly a guarantee. Be warned!!!
Payout or in, is easy. Just pay a fee for payout of account aswell. Going fast. Community overall is okay.
I would only recommend for trading the biggest assets like NQ, Currency. The rest you should not touch if not an expert as its very easy to loose your money here to the massive spreads, costs for open, hold overnight, closing.