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chickenessence
post Mar 24 2019, 04:17 PM

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Has anyone done or come across with comprehensive comparison between Etoro and other more established international brokers like Captrader, Ameritrade or Interactive Brokers.
Comparison like user friendliness, fee, commission, charges, maintenance charges, annual fee, requirement to trade like once a month, CS support, other pros and cons?

Generally i understand Etoro spread or charges is on the high side. But for retail investor with not much Capital, it might be one of the best option.
chickenessence
post Mar 25 2019, 12:10 AM

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QUOTE(Ramjade @ Mar 24 2019, 08:39 PM)
Avoid etoro as is not a stock broker. You don't buy stocks. You buy CFDs and to buy CFDs,  you use leverage.

Fees nothing can beat interactive broker that's provided you have USD 100k. If you don't,  then use any of the white labels which don't charge you any monthly fees.

User interface depends on individual. If one used to stock broker page,  should not have issue to navigate.

So far some of the white labels of IB have replied to me in less than 24h.
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Hi Ramjade,

Interactive broker that need USD100k and the monthly charges is the reason that it is not an option for me.

Any example white labels which don't charge monthly fee? for me to look into.

What is the main difference between CFD and getting the real stock itself?
https://youtu.be/8Am2q7Kb5BU?t=588
what does it mean in the video that "you are buying the underlying asset"?

As long correct trade is made, i believe still can profit from it?
I don't intend to use leverage in Etoro.
chickenessence
post Mar 26 2019, 11:40 PM

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QUOTE(Ramjade @ Mar 25 2019, 07:24 AM)
https://www.cmcmarkets.com/en-au/platform/c...s-share-trading

Read this
https://money.stackexchange.com/questions/4...ithout-leverage

Read the last 5 pages of this thread and you will know what labels IB are there. Then you simply compare price and see which is cheaper.

Again as mentioned in the Q&A,  if you don't intend to use leverage, then don't go for CFDs. You will be charged interest if you are going for CFDs
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Thanks, for all the replies and info.
need to spend some time over the weekend to study the comparison between brokers.. and what suit me best.. hmm.gif

Also look at below Etoro demo account on the x1 which is "buying the underlying stock? confused.gif rclxub.gif "
user posted image

and x5 leverage which is CFD with the daily charges.
user posted image


chickenessence
post Mar 26 2019, 11:59 PM

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QUOTE(Krv23490 @ Mar 26 2019, 11:46 PM)
Just avoid Etoro as per everyone's advice here man, stick with IB and it's white labels
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Ya, but at least give some points that why Etoro shouldn't be considered?
i see a few points that may be addressed:

1. Not real stock, as it is CFD - Does it really matter? As some stock is able to receive dividend and
And refer my post above, if x1 leverage basically is not leverage.. and price movement should be similar to real stock?
Roughly understand that Etoro is able to receive dividend too.
REITs may not be available for Etoro.
Stock price "spread", i yet to find out more.

2. Sometimes Etoro trading website freeze at critical time?
I am not planing for short term trading. Thinking to buy and hold when there is a bargain. So this shouldn't affect me that much.

3. unknown charges
As shown my post above.. x1 leverage basically no other hidden charges? (to be confirmed)


Generally i think overall cost to trade / invest on Etoro should be cheapest.
But i will definitely find out more about other brokers.

Hopefully i am not de-railing from topic.. as this topic is "foreign broker"
chickenessence
post Mar 27 2019, 12:05 AM

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QUOTE(tadashi987 @ Mar 26 2019, 11:54 PM)
if you check the live market, the buy price you buy from etoro is more expensive than the real live market price
like ASNA now price is 1.14, but even X1, you buy at 1.15

thou etoro claim you are buying the underlying share, but they sell you 0.01 more expensive
mean the moment you buy, you already losing, lol
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point accepted. hmm.gif

i will try to compare against other broker demo account and compare the price to check on this.
but my trading style, shouldn't be that much difference. (atho it does chip off profits).

Need to see the full picture of fee, commission, charges of all the brokers then only can come to conclusion.
It can be different brokers for different investors/traders with different pocket depth (capital) and trading style, i guess?

But generally it is more important to make the correct trade and make money?

chickenessence
post Jul 16 2019, 10:50 PM

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Is CapTrader also link to Interactive Broker?
So all the application process is similar?
Any comparison between Captrader vs Tradestation?

QUOTE(roarus @ Jul 8 2019, 09:41 PM)
I recall submitting IC as well, mine is the new type with small black white photo if it helps in any way.

Update: Found the image - Submitted black and white version, crossed with "FOR INTERACTIVE BROKERS USE ONLY" on top left corner, front and back in a single image. Perhaps the signature behind is the one they want?
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Signature at the back? is that your signature or "ketua pengarah pendaftaran's ".
Anyway, i believe they wanted client's signature.

QUOTE(toiletking2006 @ Jul 9 2019, 12:00 PM)
Yes. I submitted the document as they requested it won't get approved. Mine is the scan copy with colour. They just won't approve insisted for signed identity card
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any update? Passport should work?
chickenessence
post Jul 17 2019, 09:25 AM

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QUOTE(toiletking2006 @ Jul 17 2019, 09:01 AM)
U signed at the side of ur photostated copy. It should work..
my application is still pending.. They are still precessing
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the method above, wouldn't they comment that u may just "simply" create a signature and they are not able to verify it?
isn't it simpler to just provide them with Passport? Any issue for you to provide them with passport?

chickenessence
post Jul 21 2019, 08:48 PM

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Anyone can comment on the following S&P 500 ETFs?
Which one would u choose and why? Whats their difference?

VUSD:LN
Vanguard S&P 500 UCITS ETF

CSPX:LN
iShares Core S&P 500 UCITS ETF

CSP1:LN
iShares Core S&P 500 UCITS ETF

SXR8:GR
iShares Core S&P 500 UCITS ETF

chickenessence
post Jul 21 2019, 11:58 PM

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QUOTE(tadashi987 @ Jul 21 2019, 11:00 PM)
CSPX:LN
CSP1:LN
SXR8:GR
these are the same ETF, just the different ticker and trade currency, it depends which currency u wanna hedge on i would say? and also might need to take note on the volume and spread size.
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to be honest,
i don't quite know how to use justetf.
Got myself confused.

lets say for,
1)
https://www.bloomberg.com/quote/VUSD:LN

2)
justetf website:
Vanguard S&P 500 UCITS ETF
ISIN IE00B3XXRP09, WKN A1JX53
as justetf website doesn't show the same ticker.. "VUSD"

Am i looking at the same ETF.. for this VUSD?

thanks for the currency notes.

This post has been edited by chickenessence: Jul 22 2019, 12:34 AM
chickenessence
post Jul 22 2019, 04:18 PM

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QUOTE(tadashi987 @ Jul 22 2019, 09:56 AM)
[attachmentid=10287776]

and this is the distribution policy that I was talking about
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Thanka bro!
chickenessence
post Aug 25 2019, 07:49 PM

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QUOTE(roarus @ Aug 25 2019, 06:29 PM)
I'm collecting IWDA (USD, LSE). It tracks ~1,600 stocks from developed countries in the world, of which about 60% comprises of S&P 500 companies (followed by Japan & UK).

I benefit less if S&P 500 charges on for the next 3 decades until my retirement, but I'm still covered in the event it loses steam. I also benefit a little if ever an emerging (developing) country like Malaysia decides to finally 'emerge' into developed status.
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Hi Roarus,

Is there any other ETF similar to IWDA, but in other currency like GBP or EUR?
Or it is more advisable to stay with IWDA, in USD?
chickenessence
post Sep 1 2019, 11:07 PM

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QUOTE(rjb123 @ Aug 25 2019, 07:51 PM)
https://www.ishares.com/uk/individual/en/pr...ts-etf-acc-fund

It’s traded in different currencies too
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QUOTE(roarus @ Aug 26 2019, 11:09 AM)
It's the same underlying fund overall, just fund and buy in whichever currency you have/convenient for you.

I go with USD because:
i. I fund via SG bank and convert
ii. LSE having more volume
iii. Live data from google finance
cheers.gif
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thanks for the link.. but is it the same "IWDA"?

What i see is the following..
GBP distributing, = IWDG
EUR distributing, = IWLE
USD accumulating, = SWDA
But where is IWDA? rclxub.gif

Is there a GBP accumulating (instead of distributing?)


2nd question,
is currency going to be a concern?
As in USD is on the high side (from the chart).. will there be down side risk?

Because of that, is it better to look into GBP currency ETF as more potential up side?



chickenessence
post Sep 3 2019, 11:18 PM

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QUOTE(rjb123 @ Sep 2 2019, 02:19 AM)
SWDA = GBP accumulating
IWDA = USD accumulating

As long as the ETF isn't hedged it doesn't really make a difference which currency you buy in - it only affects performance if it's hedged.

But as you're in Malaysia there's no ETFs that are MYR hedged anyway so I wouldn't worry about the currency aspect.

https://www.ishares.com/uk/individual/en/li...sheet-en-gb.pdf
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dont quite understand about the hedge part.
But in short, is it as simple as "there is no concern"?


chickenessence
post Sep 3 2019, 11:20 PM

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would like to know, those who use TradeStation broker,
what's the fee / commission for each trade?
it is as per their website?

https://www.tradestation-international.com/...ng-commissions/

i tried from the demo account.. seems like the min. charge / fee mostly are higher..
chickenessence
post Sep 4 2019, 12:04 AM

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QUOTE(Ramjade @ Sep 3 2019, 11:35 PM)
Hedge means won't really be affected by forex movement. You won't gain or lose much due to forex movement.
Yes higher cause need to take in clearing fees of few cents. So far quite accurate for me. Like HK market I got charged HKD20+ only. Not sure if your demo account is IB interface or what.
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Any info that i can find out further on the hedge?

Lets say i bought IWDA at 60 USD , USD/MYR currency is at 1:5

one day later, IWDA at 60 USD (price remained) , while USD/MYR currency is at 1:2 , and we need to close the deal to get MYR.
(Just an example)
So we will be making losses because of USD drop?


you bought JMH? with TSG?
What's the comm. fee?

user posted image

this is the comm. fee that i see from the demo account.
I should be using from IBKR platform.

SGX stock is only at 2.53 SGD only? (compare to the website is 3.75 SGD)
However, other GBP, USD is a lot more expensive from the comm. fee from the website.

 

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