Any idea how to open an account with TD Ameritrade? Is it through the app Thinkorswim?

There's a detailed guide and a PDF in their thread on how to open an account as a Malaysian.

hi all, since i'm not too good in stock market, so i plan to just use their copy trade feature. But I want to know what is the best deposit way? It seems the charges is quite high. and they dont have the BigPay as someone has mentioned.


Btw, I saw you guys mention australia etoro, this that ... how to even change? can change country?
I dont see any of that option in settings. and does it matter? Should I change?

can you give the link please? thanks

Sorry for this noob question but what is the minimum deposit needed for a etoro account?

by default, Msia acc will be uder ASIC (aus).
So far, 'cheapest' way is by BigPay. u can apply online, basically is a debit card.
Another way is by online local banking
Just to give u comparison rate i went through:

actual XE: 0.2341
BigPay: 0.2343
M2U: 0.2334



if not mistaken rm800. (oh they have changed it to USD50 ~ rm215)

M2U seems not bad but is the site trustable? coz I never trust to put in bank pwd through a 3rd party website. hmm..
https://forum.lowyat.net/topic/4740205/all

This post has been edited by neo_6053: Jun 16 2020, 01:07 PM

if im not wrong, the inital deposit should be USD 200. then subsequently its USD50. then again i only have their virtual acc lol

By calculation, how much can you profit/lost from USD50 (fractional shares)? Assuming you are getting google at USD1400, and u invested USD50 (and do nothing thereafter), you get like 0.03 units and if the price went up to USD2000, you "earn" USD0.43 (or 43%), "seem fantastic" right?

As compare to someone who invested USD46 in 1 share in coca cola (KO) today using (say interactive brokers), when KO increases to USD60, you "earn" USD14 or 30%.

p/s I'm not vested in GOOG, KO or neither have account with etoro. Im just thinking aloud only why is Etoro has "suddenly" become so popular in Malaysia market (when there are also negative reviews such as issues with withdrawal, legality issue in Malaysia etc). Is Etoro user interface friendly (easy to use)? Low entrance requirement (USD200)? Strong advertisement etc?

etoro is actually like "forex". "No commission" is a gimmick, it has been "included" when you buy sell - i think 0.09% mark up from market price.

"x1" is also a trick. No such thing call "fractional shares" in the US market as minimum unit for US stock per regulation is 1. In any event, it's still a CFD, but "low risk CFD" in my opinion.

i think with the recent surge in US stocks market alot of ppl find avenue to enter the to invest. That being said, etoro provide a lower barrier for entry and if u have etoro, it really do feel like social trading app, people in there giving their opinion, mind you these ppl are all non-pro but they do their study of TA and whatever other bullshit, the initial idea is to get ppl to copy their trade so can get more money out of it, like commision based.

Good broker like IBKR, or TSG requires very high initial deposit which limits as a barrier of entry. Etoro 200 USD vs TSG 1000 USD makes alot of differences, but that being said, like many other sifu here say, u collect till u got 1k USD and then invest in a proper broker which is the wise decision.

I also interested in US market, but with my limited funds, i will stick to KLSE.

I opened an E toro account just to play around with the virtual account for now. Seems like we can't trade ETF's but normal stocks can be bought. Is that correct?

ETF can, eg SPY . min trade USD500 . not all all ETFs are listed.

$200 initial, $50 subsequent. Bigpay is probably the best way to get instant funds and cash out with its highly competitive rates. It's pretty fast too, faster than SA's withdrawal. Biggest thing that sucks about it is the $5 fee which T212 doesn't have iirc.

That's some good weed you're smoking. You went from "are fractional shares worth it" to "fractional shares (that literally every broker offers) are a scam in your double posts It's not really a new thing (even IKBR started offering it last year) and pretty much everyone has picked it up. It's not a CFD either. It's the actual share but obviously you can't transfer or move it to other platforms because of its nature.

$200 minimum for ETFs. $50 for shares and $25 for commodities. Not really worth it on here with that large an amount with regards to ETFs but none of the "easy brokers" offer it. You'd have to go the TD Ameritrade or IKBR route to get better access but you'll also get slapped with fees per transaction which sucks for smaller DCAs. Stashaway was nice because you could invest in a wide selection of US ETFs without having to lump sum. Now that they removed the good ETFs, they're not as useful in my opinion. If you want just pure US shares for cheap (but no US ETFs) then Trading 212 is a better option.

Like I said before, IKBR or TD Ameritrade are way more solid options for long term investing if you're the type to just invest and forget. If you're just looking to play around and make some money on the side while not getting too serious, Etoro is probably your thing. I've listed a lot of their shortcomings in my previous posts in this thread because I've been using them since they were a purely forex broker instead of hearsay from 3rd parties talking out of their ass

yes was reading your posts since u using them haha. I also got a virtual acc with etoro just for fun, i cant afford IBKR or TD initial deposit so i just redha and buy KLSE stock. thanks for sharing the knowledge

Not arguing anything and Im not saying etoro is a scam. Just find the 0 commission thingy is like misleading when they actually factored it in the spread, like forex. In terms of fractional shares - whether or not you are buying underlying asset or CFD, and whether there is a need to "re-emphasis" that buying x1 is not CFD - who cares (if you are the etoro user)? End of the day you still cant transfer out like other platforms. I'm just curious why this etoro platform is more "popular" than the other platforms, like you say pretty much everyone has picked it up (and how many users out there are really know about this "0 commission" vs "spread diff", or a lot of people just dont care because etoro provides delayed quotation anyway?)

It's famous due to the social trading aspect.
There are a lot of talented people to follow in eToro. You just set aside funds and follow and they'll do the work.

In terms of features and spreads, they are quite competitive. I wouldn't mind the 0.09% spread on the fact that it's negligible if you trade on non-leveraged position.

Robinhood is the only one that doesn't have any commissions either trading fee or spread-based and we don't have access to it. It's not misleading at all, particularly if you do bother to do your research before yoloing your money into the stock market. I'd question the assertion that something is popular, particularly considering the forum we're using, if it doesn't have a mega-thread. Well guess what? eToro has been around since 2006 and it doesn't even have a thread that isn't some 2" asking whether it's legit and how to use it But whatever. I'd say that eToro is very, very easy to use. So much so that anybody can just pop in, dump some money, lose it and then scream that eToro is scamming people when the market dips and they lose their money. The platform is particularly flooded right now with this particular flavor of retard. Let me say it again, it's so easy to register (literally IC and bank statement is all you need as a Malaysian, Trading 212 actually wants a fucking valid international passport), so easy to fund (just swipe your card) and so easy to pull out money - they'll fund it within days back to your card or transfer it to your bank account via one of their many local shell companies as I believe some people have already noticed those. I haven't confirmed whether that's legit but I'm just pulling shit out of my ass and going with that story.

It's goddamn easy to use, looks incredibly good, has all the data presented nicely in front of you that you could possibly want in order yolo your entire life savings. You don't have to roundabout, pusing here and there just to get another country's bank account and a particular version of whatever investing company that you can link in to their trading platform with just so you can transfer funds over back and forth over digital borders *coughIKBRcough* just to invest in the stock market . You can even interact with like-minded idiots betting on which way the kangaroo market will hop that day because it's also a social network.

there is always spread in stocks and cfd... 0 commission for stocks means they didn't "artificially" increase the spread to include commission... do you have proof they did this?

Thought webull is the same?