Hi, has anyone tried transferring shares from Etoro to IBKR?

eToro doesn't support ACAT transfer.

https://www.etoro.com/customer-service/help...-service-acats/

Hello, sorry for the noob ques but, i noticed when i buy etfs, there is no option for me to buy the underlying asset. So what is actually the diff of buying the etf using cfd or non cfd? and is it safe to use cfd to hold etf?(is there any overnight fees and such?)

Precaution of those using BigPay.

Last Wednesday I made a deposit to my eToro through BigPay and last Friday I received a call from scammer saying got to replace my card and saying with some problem.

The following is what it happened to me :


1. The scammer call from WhatsApp and saying they are calling from BigPay and wanted to change new card.

2. ( At the same, they login into the system and change to their new mobile phone. )

3. I received SMS from BigPay.

4. The scammer saying as verification to replace with new card and ship to my house, she said SMS already sent to me and wanted me to read out the code.

5. Then BigPay later sent SMS to me and saying the new mobile number is changed.. ( shit, then I know something is not right )

...

At the end, luckily the transaction made by scammer is successfully blocked by BigPay and my card is temporary suspended for further investigation.

I'm not too sure how they get my card # or account information and call me.. Just be careful if you are using BigPay and receive the call.

This post has been edited by invest2229: Apr 11 2021, 09:41 AM

How do I transfer from etoro to Maybank? They ask for bank route/swift and such and I'm not sure what to put

This already happen many many month already. the scammer mostly speak indo accent.
Pls freeze yr card if u r not using.

This type of call asking for code one confirmed is scam . Already existed long time and many cases not only BigPay... still got people fall for it?

My first time after use BigPay for 8 months. But is lucky nothing is lost.

Sounds like user problem...they don't need your account details if you just read the sms code to them and let them access your account.

So I tried withdrawing money from Etoro last week and the money finally came in this week (Thank God!). At least now I truly believe that the platform is legit. Anyway, I keep a note of all my transactions (MYR : USD at the time of deposit) and I see that I lose around RM200+ per $2,000 withdrawal.
i.e. Deposit $2,000 = RM8,380.65 ... Withdraw $2,000 = RM8,140.40 = RM240.25 Difference.

I thought it was the withdrawal fees, but they already deducted the $5 fee beforehand. I dont think Maybank charged me any fees for getting my money back from Etoro. If its the Exchange rate, then I cant believe the price of MYR:USD could drop so much within just 1 week.
Anybody know why its like this? I wanna keep using Etoro in the long run, but I need to find a way to mitigate this conversion loss. RM200 is like a months worth of McD already.


On a side note; I would like to give a shoutout to my Etoro Account Manager, S. With how frequent everyone says that Etoro has little to no customer support, i was scared that my withdrawal would be filled with problems after I sent in the request. I got a call from my Account Manager the next day and the dude really put me at ease. He told me how long the process would take, asked me about my trading/investing preferences, informed me of some Etoro webinar programmes that I could join, and even gave me some popular trader recommendations that suit my portfolio for me to copy. Thats a great customer service experience right there. I hope he's there to stay

This post has been edited by KappAmir: Apr 26 2021, 02:14 PM

its your bank that converts the USD to MYR. etoro sends USD to your local bank. your local bank account is denominated in MYR. so it auto converts the usd2000 to MYR.

Ah. So then the RM200 loss is simply from Exchange Rate, yes? I guess I should better time my withdrawals next time.

You get pretty close to the current conversion rate at the time if they transfer it using one of their multiple shell companies. Unfortunately, retards here keep posting the names of the companies which exposes them to unwanted attention from the authorities. Also I just got the notification from eToro to transfer my account from OZ to the UK

Looks like they finally completed the swap from CFDs to Actual Crypto™. Took a day or so I believe from when I clicked accept. All my crypto positions were converted at the price points that I bought them at.

I received the same. Any other impact of if we transfer from Australia to Uk?

Dear all, i have read through the thread but still got some questions to ask. Wanna confirm:-

1. The initial investment for the VOO order is USD 200?
2. After first order, if i want to DCA, the minimum is USD 50?
3. How to receive dividend from VOO? Will it reinvest or bank in to my account directly? Let's say I use Bigpay to deposit.
4. I am verified user, do i need to report the dividend in income tax or it will automatic report?

Sorry for so many newbie questions, appreciate for all sifu reply.




This post has been edited by datolee32: May 9 2021, 05:46 PM

Hi Guys,

Need help - how do we select debit card as the preferred method to receive my withdrawal? FYI, I have used both debit card and credit card for funding at eToro.

Was it based on last deposit method? Meaning I need to consistently used my debit card as the last funding method?

Reason being is that, it would be great to take profit to my debit card linked to saving account, rather than offsetting my credit card debt.

Any help will be greatly appreciated

I made some withdrawal recently. You can let the system pick randomly or you can choose where you want it to be directed to. There will be an option during the withdrawal process. The account or card just needs to be under your name.

Thank you bro. How to choose where I want it to be directed to. It seems like I cant select between debit card and credit card displayed during the withdrawal process.

I can't grab a screenshot for you now because the remaining of my funds are currently active and I don't have any left available in the acc But when I was withdrawing, it asked me to choose between letting them choose randomly between my last 2 deposit source or pick my own option.