Hello!
I have been regularly investing my savings into ETFs for about 2 years now. My choice was few different Vanguard ETFs. Since I'm from EU, opening an US Vanguard account was not possible and EU Vanguard has much higher costs (EU equivalent S&P500 has 0,8% expense ratio compared to 0,03% of VOO).
To go around this issue, I have been using eToro as my trading platform and buying Vanguard ETFs there. Now I figured out through ToS that all my positions on eToro are considered CFD!! I was shocked and now I'm scared. I don't have any leverage or similar, but I am still not sure this is a good long term investment approach (I don't have much knowledge on CFDs as I was never interested in short term risky trades).
So, my question is:
a) From investment and growth perspective, is there any real difference between ETF and un-leveraged CFD? Should I move my investment somewhere else?
b) Can someone recommend a broker/bank/whatever in EU where I could move my savings to and invest into ETF or passive funds without huge costs?
Thank you all in advance, any help is highly appreciated.
Submitted August 25, 2022 at 03:45AM by Crisdotpy https://ift.tt/CGhDrT8
