You will get taxed no matter where you buy from. The difference is
1. Commision you pay
2. Platform fees
3. Dividend fees
4. Markup exchange rate.

You pay the above if you are using Malaysian brokerage.
Read the first page and read this.
https://forum.lowyat.net/topic/3396549

This post has been edited by Ramjade: May 3 2020, 01:37 PM

Thank you sifus esp for the links of the "right thread"

Hi guys, how about just using Etoro and buying S&P500?

parking. Thanks, very informative read

Etoro is not a broker. You buy using Etoro is using cfd. Is a derivative.

they are broker...can buy normal stocks n etf

Seems a lot less troublesome to use Etoro to buy s&P500 though. Ive been researching and cant find much info on this. Sifus can enlighten?

New fintech broker...I know some friends open there...I never find out more

you go check it out lor... open account play with demo see you like it or not ... I'm sure don't have to fund it... if dun like just abandon

Yeah

For those who require the terms





I haven't tried personally but the only thing my friend told me is there is a small withdrawal fee for certain tiers and watch out for the exchange rate depending on the method of deposit

This post has been edited by zacknistelrooy: May 5 2020, 09:10 PM

Didn't know that. I always assumed they are cfd broker. Somehow I trust trading 212 more than Etoro.

This post has been edited by Ramjade: May 6 2020, 12:13 AM

etoro is somehow still fishy for me

1) etoro is defaulted to CFD and you need to REQUEST

afaik,
in default, all malaysia account opened through etoro is parked under regulation of Australian Securities and Investments Commission (ASIC).
in such, all trade are default in CFD, you can know that when u try to place order, there is no option at all



so there are netizen from etoro group mentioned, if you dont want to trade in CFD, you need to talk to their CS to SWITCH your account to etoro UK or etoro (Europe) which is under other Regulation, by then only u can trade in non-CFD

2) etoro spread is crazily high

looking at the same pic, QQQ last price is 217.66, but the spread is so high that you need to buy it with price of 217.93.
it means that once your order is matched, you are already losing (217.93-271.66) per share.
I am not sure is this because of CFD trade

can try
1) open account and request etoro CS to switch your account to non CFD account
2) then you try check again if the order book price spread is still crazily high, if yes, better stay away from this

I done all these research previously and finally switch to tradestation global thou more troublesome, but at least make me feel much safer

This post has been edited by tadashi987: May 6 2020, 05:47 AM

I will never use Etoro. My options will always be interactive broker or trading212.

no fishy smell lah...lol I quick scan last time it's all mentioned in their account, restrictions etc...

regulated under Australia and UK should be quite safe

all cfd brokers have higher spread... it's there they park their commission...so it's normal

cfd brokers also served a different market... e.g., you can buy 0.01 lot of qqq... long on 500:1 leverage... get wiped out like 80% of ppl... lol

anyways... all brokers got pros and cons... find one that match your own requirements ah...

understood, my concern is that usual investor e.g. Julian2103 wont know the bid spread is to high that contribute to their commission, also normal investor account opening first intention is to trade normal investment with closest bid spread according to market.

That's why every time people talk about etoro, they never knew they are trading CFD, let alone the high bid spread.

also a lot etoro paid "influencer" like to promote etoro can be used to trade normal share but they never bother to further elaborate that

1) you need to write to CS to switch your account regulation
2) never tell your account is default opened as CFD enabled only account
3) never bother to explain the bid spread logic behind

so a lot people fall for it and that's why i felt such marketing is very fishy and a bit unethical in my sense, personal two cents

np.

they started as cfd broker...main selling point is copy trades... real stocks came later I think...

default to cfd, account restrictions etc all in the fine prints...

most ppl don't read carefully ah... also don't research the various broker... ask in forums who good who bad then just blindly follow...

also lose money time need to blame somebody always broker kena...spread suddenly jump high, execute delay, execute wrong price, cs lousy,... then go on social media simply hantam... hahaha

Money hard earn oh, play safe.. Better stick with IBKR...

Yeah eToro is regulated, not a scam. Just that it's not the usual brokerage, more for social copy trades.
Also interface is very simple and easy to use.

Fees are high, the spread is 0.09% buy/sell. I had eToro but have switched to IBKR.
Imo, if just wanna dabble a bit, not investing too much, eToro is fine. But if doing serious trading, high NAV and frequent trading, better use a full fledge broker which has a huge number of features (order types, margin, options, performance reports, etc etc)

I play crypto fees roundtrip can be up to 0.5%... so 0.09% is super cheap...lol... all relative ah

...but agree on your points...

Your concern is absolutely spot on. I did not know what they were trading CFD. And sadly I don't even know what does high bid spread mean.

Your concern is absolutely spot on. I did not know what they were trading CFD. And sadly I don't even know what does high bid spread mean.