Just got my eToro account regulation changed from ASIC to CySEC, in layman's term, the regulation changed from australia to Cyprus so that I can perform non CFD trades. For now I will be able to buy stocks like VOO ETF, Apple, Amazon, any US stocks you name it, and "own" the stocks without overnight fees, etc, because it's not CFD trade, and it's actually us who own the underlying asset.

By "own" I mean there's a nominee that will hold your stocks on your behalf, just like how Rakuten Trade does in Malaysia, then you'll be able to get dividend, ( go AGM? probably not ), but at least it's very similar to like owning a US stock without those bullshit like create oversea bank account, go through so many middlemen and etc, at least that's what I understand.

So far I know there's like 0.8-0.9% spread fee when buying/selling, and 5 USD withdrawal to bank account, that's it.

Ok, here's the question, anyone bought non CFD stocks in eToro before and hold for long term? Any experience to share?

https://www.etoro.com/trading/market-hours-...category=stocks

https://imgur.com/a/mUp4kh8

PS: I've been using eToro for half a way for CFD trades, but never on non CFD stocks.

This post has been edited by Ivan113: May 20 2020, 10:11 AM

How is the exchange rate charge when deposit money?

based on my experience, not great, slightly expensive, yesterday deposited RM2046, when when on XE, it shows RM2010. So it's a bit more expensive.

can buy fractional shares?

yup, can

interesting. been looking at this for a while. let us know after deducing all the tax and fees how much u earn

withdrawal 35 USD

This is an interesting platform but read this recently :

Securities Commission: eToro is Not Licensed to Operate in Malaysia
by Vincent Fong May 19, 2020

In a press statement announcing the extension of their commission-free stocks offering to clients in Asia-Pacific, eToro shared that 11% of their customers in Malaysia.

In response to Fintech News Malaysia’s clarification of the eToro’s legality to operate in Malaysia, the platform said that investors in Asia are “regulated under eToro’s Australian Securities and Investments Commission (ASIC) license” and “therefore investors can trade through the ASIC license”

To verify this we reached out to Securities Commission Malaysia, a spokesperson then replied with this official statement.

“eToro is not licensed or registered by the Securities Commission Malaysia (SC) to carry out any regulated activities in Malaysia including operating a recognised market through an on-line platform. Any person carrying out regulated activity in Malaysia without a licence or registration from/by the SC may, if convicted be liable to a fine not exceeding RM10 million or imprisonment not exceeding ten years or both.

Malaysian investors who deal with unlicensed persons, especially entities operating offshore are not protected under Malaysian securities laws. They are also exposed to various risks including fraud and money laundering and may not have access to legal recourse in the event of a dispute.”

https://fintechnews.my/23800/various/securi...te-in-malaysia/

Basically trade at your own risk but so have not heard anything very negative yet.

5usd withdrawal fee to bank account? i tot got variable charge base on the amount, and the min charge is not usd5.

This post has been edited by Zhik: May 20 2020, 01:10 PM

I'm using eToro but I wouldn't trust Grade C regulators (such as Cysec).

Luckily ASIC eToro changed just a few days ago. You can now buy underlying assets in eToro while under ASIC.

By the way, there's no difference between owning CFD and underlying asset if you choose x1 leverage in the platform.

Dividends are given on ex-date for CFD and payout date for underlying asset, less 30% withholding tax.

This post has been edited by Icehart: May 20 2020, 01:19 PM

"eToro charges a flat $5 fee on all withdrawals. The minimum withdrawal amount is $30." no?

https://www.etoro.com/trading/market-hours-...category=stocks

yup, thanks for sharing, I heard of this, but then, there are so many malaysian trading on unlicensed platform in Malaysia, like Binance, Etoro and etc, so far I've not seen or heard any people get fined anywhere, which makes me wonder does this only apply to those big players?

website there says flat 5 usd though

got difference, the reason why last time I wouldn't trade stock or ETF CFD in etoro it's because of the overnight and weekend fees, it's ridiculously high if you plan to keep it for long term, now no more if it's non CFD trade.

Thanks for sharing about the Grade C regulator thing, didn't know that.

Why so many people open US trading account recently?

Malaysia market cannot cari makan?

I haven't buy though on Etoro, so far I've been focusing on buying Bursa stocks and stashaway, but I am highly interested in owning US stocks. Saw the other websites recommend using Ameritrade, IBR or things like that, but it's really a hassle for me to go through all those, maybe someday I will if I am desperate enough.

This post has been edited by Ivan113: May 20 2020, 02:57 PM

look at the price chart of KLSE for the past 10 years, plus the mentality of Malaysian people, plus our government, I kinda lost faith, it either goes down or stagnant for many years to come in my opinion, but I really hope I am wrong.

Where did you get that information?
There is no fees for CFD stock if you choose x1 leverage.
I've been trading on eToro for 6 months holding CFD stocks and I've not paid a single cent for overnight fees (under x1 leverage).

If you choose x2, you are using margin to trade and for that, you have to pay the margin rate.

oh really? then it must be my mistake then because I've never really bother to check the 1x in CFD trade, because my assumptions was as long as it's CFD, there'll be overnight fees.

But how come you'll get dividend since technically no stocks were own? Where did the dividend money comes from?

Overnight fees are only applicable if you're utilizing leverage to trade.
Or buying commodity CFDs.

When it comes to stock CFD and ETF, there is no associated cost to ownership. In fact IMO CFD is better because you get the dividends faster.

Dividends are paid because you own the assets indirectly.

When you perform trades in eToro Australia (and this is only for Australia, other regions I'm not sure), eToro will hedge by doing a similar exact transaction with another third party broker. This is covered in their PDS.

Hmm, I found the info about getting dividend in Etoro, thanks alot for your advice

https://www.etoro.com/customer-service/help...-pay-dividends/

You're welcome. All the best to your investing in eToro.
One big tip is to always reload using BigPay. Instant deposit and very good exchange rate.

thanks again!!

Hey guys, coming from Dividend Magic's blog

Recently eToro has announced ZERO commissions for non-leveraged positions on US stocks. They also do not charge handling fees on dividends and the only cost to dividends will be different withholding taxes the different countries charge.

So now buying US Stocks under eToro will be based on underlying assets (Non-CFD?) and zero fees?

This is a new update for ASIC eToro account holders (Default for new Malaysian registrations).
If under eToro UK or Europe, all these while you have been buying underlying assets, not CFDs.

Should make this the mega thread

Hi guys,

Want to top up JD at x1 leverage but it says "Setting order failed, leverage settings not allowed. Please use higher leverage."

Previously I bought all stocks at X1 leverage. Is there any changes made?

have you resolved it?

dumb question but is it better to buy US stocks via ETORO as compared to traditional bank app like Maybank Trade?

Of course.
Zero commission and favourable exchange rate.

But not regulated by SC. Isnt that a huge risk?

No foreign broker is licensed by SC.
As long as your broker is regulated by FCA or ASIC it is fine.

What are the rates applied? Withdrawal fee/CFD fee?

All information is available here: https://www.etoro.com/trading/fees/

No fees if you trade US stocks at x1 leverage since they buy the underlying assets for you but the same roughly 0.09% spread is built into the buying/selling price. It costs $5 per withdrawal and the minimum initial deposit $200 but every subsequent one is $50. Do note that there's minimum trading amounts so that $50 is essentially just 1 investment:

Shares: $50
ETFs: $200
Commodities: $25 (at least for OIL)

So it's not really a fractional share broker. Other platforms like Trading 212 allows you to invest with as little as $1 which is better for weekly/monthly DCA. Also like Rakuten, this platform has tendency to have issues whenever the market opens under volatile conditions. If you're thinking of daytrading during opening hours, this might not be the ideal platform for you as it usually takes some time to "fix" the issues.

This post has been edited by red streak: Jun 13 2020, 04:46 PM

How about long term holdings? Plan to get some us stock like alibaba and facebook and just let them sit for years

Still no fees for buying shares in the long term as long as you don't use leverage even for CFD shares in the UK and elsewhere. They already factor in their "sales charge" when you buy and sell. That's how they make money. Etoro has been around since 2006 so they're one of the better and more stable fintechs out there. As long as you do the proper research about it you'll be fine. I've seen a recent influx of newbies crying about the price difference between "the market" and eToro because they're just there to gamble But there is some truth to that. Some of the extremely volatile stocks have had issues with price differences for stuff like NCH since the NYSE keeps carrying out trading halts. Etoro isn't great when it comes to opening the trades back up after they're released. There's a massive delay in that regards which is why I said it's not great for daytrading along with the technical issues on busy days where their servers get overwhelmed.

I see, if you dont mind me asking further:

If i were to buy alibaba stock say (200 USD), then my payment will be 200 USD + 0.09% of transaction (buy)? and another 0.09% when selling?

No. You'll get $200 worth of shares but it's 0.XX higher than the market price. Then when you sell it, it's reduced by that amount again. Different stocks/etfs/whatever have slightly different rates but you'll be shown the price up front when you're buying/selling. I'll use Apple as an example since Alibaba isn't showing the correct prices for whatever reason.



Notice the price difference. If you google the Apple share price the top left corner is what the market price is right now but you're paying more than the actual price, the difference is the profit etoro makes and is what people refer to as the spread. You get charged the same percentage when trying to close your position. That's the reason why people dislike platforms like etoro because you're down a certain amount just by opening a position. There's a practice account that you can try out to get a feel of how it all works. It's a lot simpler than the other alternatives out there since it's built around social trading and for newbies to lose make their money

This post has been edited by red streak: Jun 13 2020, 11:00 PM

Ah i see, thank you very much for your detailed explanation. If etoro isnt that great, is there a better alternative to buy n hold foreign stocks? My maybank trade can buy global share but dont have foreign trade limit, need dealer to increase

Go for IKBR if you're thinking of holding for the long term. There's a thread here on how to set it all up. TD Ameritrade is another alternative.

I think 0.09% is negligible if you're really into it for the long term.

Unless you have more than $100k to play with, IBKR charges you a maintenance fee of $10/month.

Only if you register through the main site and not through the alternative. Otherwise there's no fee if your balance is above $1000. The thing about long term investing is you want the company to be there when you retire. Etoro has a decent track record but I wouldn't put it firmly in the same territory as Interactive Brokers or TD Ameritrade, which is under Charles Schwab. Etoro is a good way to get into the whole investing scene but the lack of fractional shares trading leaves a lot to be desired if you're trying to DCA instead of lump sum. Their stupid minimum balance makes investing into a selection of ETFs unfeasible since each one requires a minimum of $200 (almost RM1,000) per trade.

This post has been edited by red streak: Jun 15 2020, 12:06 AM

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?

It's not the typical spread in stocks and cfd. Eg. if market price is 105 (to buy), etoro charges u USD105*1.0009 = USD105.09 (0.09 higher than what you can get from other platform the same time). And of course - what you seen in the etoro webpage or app reflect USD105.09 (so u will never know what's the market price unless you compare side by side with other platform).

I think this bro summarises the spread fee well for Etoro, refer "spread fee" section.

https://punchsalad.com/investing/etoro-fees/

How would you not consider "larger than usual" spread as "commission"? Substance over form weh.

This post has been edited by z21j: Jun 17 2020, 02:23 PM

I know what is a spread fee lah bro...

btw...the website you link me to says... "Since late 2019, eToro doesn’t have spread fees anymore, however, this only applies when you are buying unleveraged stocks.

so etoro is not misleading people lah like you were thinking...

It was. Shouldnt be saying "zero" when it's actually not, and yet.. many still think that really zero commission since day 1, which is funny.

I think maybe is you that misunderstood...lol

anyways, I no interest in etoro... ciao...

Perhap I misunderstood because I totally not familiar with how etoro works. See pic below, that I just traded purely to illustrate where am i coming from.
Market price was 1443.43 (but when you buy, you will buy at 1445.43 even if it is x1 unleveraged). Whereas in other platform, i can get google share at 1443.43 (market price - that's the typically willing buyer/seller transaction in traditional trading market).

So the diff of 1445.43 - 1443.43 = 2 bucks (if they are not so call indirect "commission" then what do you call it as)? For discussion purpose cause I really dont know.

Etoro to me sound like "spread trading" like forex (which is perfectly fine for me cause I play forex too) but I really have big question why it says zero commission. If etoro "modifies" the traditional equity trading into this model, they can go out and say zero commission but perhaps not many know they are actually buying "slightly higher" than other platform if execute the same timing. People might just thought the market is volatile but it's actually not.



This post has been edited by z21j: Jun 17 2020, 11:17 PM

I don't know what's the fuss about in the spread as really it's negligible.
Don't be the case of penny wise pound foolish.

The spread tends to go higher as share price rises.
This same mechanism is similar even in KLSE.

This post has been edited by Icehart: Jun 18 2020, 12:28 AM

The currency conversion bullshit is negated for pretty much every single online or overseas retail transaction anyway if you use Bigpay. Anyone who uses a wire transfer when there are free debit/credit card alternatives is frankly a moron anyway. Everything else I've already talked about in my previous points. I'm not going to talk about their marketing bullshit or whatever. Let me just state that there are fees built up front and at the back (when closing positions) built into the prices. The fees are negligible and make it affordable for smaller traders to get some action. You're nitpicking over a decimal point and pretty much a rounding error in terms of fees. There are better brokers out there obviously if you care about the spread.

what it tells me is only this... current price or last done price is 1443.43... the current asking price is 1445.43... the bidding price is 1442.13... to me nothing wrong or unusual... willingly buyer /seller

I can only guess that the buy and sell button is for easy quick market buy and sell... but there "should" be a limit order somewhere you can enter your own price... a lot of platforms are like this... also I cannot imagine a platform without ability to enter limit orders...

to further check...if I take the mid price ± 0.09%... I don't get the bid/ask prices... if I take the current price and do the same... doesn't come back either

you should look at the level 2 DOM...should be quite evident if etoro is doing price spreading...where the spread is always constant or has a minimum gap beyond the min price for the instrument

btw... goog closed at 1451.12.... with a bid/ask spread of $6.79 that is much bigger than your example

This post has been edited by dwRK: Jun 18 2020, 07:51 PM

There is a limit order in the eToro platform. Instead of the market order, you can choose limit order.

I'm sure... was waiting for our bro's reply... I think he needs to learn more about the platform and what the info means... he did say he's not totally familiar so I'm happy to help...

0.09% fee is actually quite reasonable also...some platform charges more...but their crypto fee is too much

Let me give you an example of the shady stuff going on. My other recent posts detail how Wirecard is going through some fraud allegations which is tanking the stock price, through which I made quite a bit of money shorting it earlier.



Now let's go to the trading options. Suddenly, you can't short-sell the stock for whatever reason. Been that way for hours. I googled around, couldn't find any confirmation that the German stock market stopped short-selling like they did in the past so it's probably not that. They don't have a website for this so I can't look it up myself. Then I went to another platform, Trading 212. Still works there, I can short Wirecard with my demo account with the current market. So whatever is happening is on Etoro's side. This is not the first time either. They've done this shady shit multiple times in the past months alone that I've noticed. In some cases it's a legit trade stop that I've confirmed with the NYSE website and Etoro is just a slow little shit like always in opening trades back up. Other times there's just no explanation for why shorting or buying is arbitrarily turned off.

looks like trading against their dealing desk... most likely liquidity crunch and they gave up and stop so they don't lose more money to you...lol

shit happens when losers can't balance out winners... sometimes you get deleveraged and closed out even when winning... happens on other cfd platforms too

Not disputing whether 0.09% is reasonable or not. It's also not whether I familiar with the platform or not. I just totally cannot understand why is it ZERO commission (they can say thing like no FURTHER commission, but it may not be true that they represented zero comm?).

Like pricing on catalogue, RM1.06 (NO GST) vs RM1.00 (6% GST applies) = we can imply that both have actually GST. But there is only 1 market price (being the last done price) at given any point in time.

Based on whatever feedback I received, can i understand that this 0.09% is actually their commission (rather than saying ZERO commission)? That's the root question. If yes, then close case. But obviously there are also great things in the platform, like their financial analysis, which is quite comprehensive compared to other platform that I've been using.

This post has been edited by z21j: Jun 20 2020, 03:31 PM

iceheart mentioned that etoro's spread is negligible in earlier post... I reply that it's reasonable for stocks n etf, but etoro's fee for crypto is too much... it wasn't a reply directed at you

your case is thinking etoro is misleading and hiding a 0.09% fee somewhere in the spread whilst advertising zero fees... you look at the bid/ask/last done prices and see the spread is big and say aha...guilty!... I don't think they are but I also don't trade here so can't say for sure...if it goes through a dealing desk, the prices you see may likely be different from the exchange which could add to confusion

all the major brokers in the U.S. have moved to a zero commission model for U.S. stocks and etf... so etoro doing the same is no surprise

afaik... etoro has 2 "sections" ... "etoro stocks" and "etoro cfd"... if you trade stocks on "etoro stocks" which is not leveraged, it's zero commission... if you trade stocks on "etoro cfd" you pay 0.09% fee.

someone here said zero fee is applicable to etoro UK accounts only. if you open account here, it defaults to etoro Australia and cfd trading... however on etoro site... "Zero-commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees may apply. Your capital is at risk. For clients of eToro AUS Capital Pty Ltd. AFSL 491139, only stocks traded on US stock exchanges are available to trade with no commission. Other stocks are offered as derivatives and bear commission." ...

you should have a detailed account page that will show all your trades and fees paid for each. anyways...you choose to believe they are cheating is fine by me too i'm not here to defend them...

This post has been edited by dwRK: Jun 20 2020, 10:21 PM

Hello All

Has anyone tried to deposit funds using a credit card issued in Malaysia? Were you charged any cash advance fees by the banks? Do you receive any credit card Reward Points?

Thank you

Probably. Just annoying when on any given day half a dozen companies on my watchlist have short-selling blacked out. So many missed opportunities to rake in the cash. Holding long isn't really earning me as much money as my short term yolos. I had to sell all my green positions when the market started trending downwards to lock in my gains. I'm optimistically expecting another crash so I'm holding cash in reserve. The USD has been depreciating lately against the MYR thanks to all the money printing.

Usually these online brokers tend to have multiple fees and I guess they just removed the broker ones and tried to market that off as no fees. But anyway, it's the easiest to use by far and everything is presented nicely. They have all these free analysis and shit that I can refer to for all the stocks pulled from financial analysts with direct links in case I want to study in depth. I still pening wondering how the fuck Trading 212 works with their trades and interface.

I don't mind the spread tbh if it means I don't have to pay a flat fee per trade opened. I registered in 2012-ish with the Cyprus account since that was all they had but I think they moved me over to AUS while I wasn't active. Wonder if it's too late to swap over

No idea I use Bigpay. You can still deposit RM2,500 into BP via credit card and use that to invest monthly without incurring cash advance charges. Etoro deposits gives Bigpoints as far as I can tell which is nice

This post has been edited by red streak: Jun 20 2020, 11:53 PM

Withdrawal fee is only 5 USD now? this is pretty sweet, back at early of the year, or maybe end of last year, it was still 25 USD.

If you have family member in the US sending you money, and you wish to use this money to fund your eToro account, what will be the best way to do it?

eToro does not allow 3rd party deposit so I cannot allow them to transfer the money to my account directly.

I can go the usual route of asking them to transfer to my local bank, then only use my local bank to fund my eToro as what I've been doing, but this will incur 2x currency conversion which I'm hoping to avoid.

Anyone has better way on how to go about this?

hmmm, may I suggest Bitcoin? if done right, the fees would be for like less than Rm10 or even as low as RM5. I got a lot of colleagues from India, they told me they always send money back via cryptocurrency to avoid fees, but I am not exactly sure how they do it.

no advance fee when i used Maybank Visa Infinite.

In fact i get rewarded with x5 TPs using it as it is classified as Overseas spend.

I just created an etoro account, but they put me in the UK instead of AUS. Should I request to move to Aus?



This post has been edited by kenloh7: Jan 31 2021, 02:27 PM

How many day you wait for they verify your account?

Interesting, too bad I don't have a VISA/MC that has cashback. Kinda regret going for Maybank.

Afaik only eToro AUS has real shares. Otherwise you're trading CFDs which aren't as good.

reposting from another thread:

pros:
UI is simple, good for beginners
easy to fund (credit card/online transfer from malaysian banks)
popular investor program. (can copy portfolio or just follow manually)
get latest investment ideas from like-minded investors(something like FB/Linkedin for investments)
access to crpyto on cfd
access to US market (underlying asset)
no non-active account fees

cons:
limited tickers on global market (not all counters are available compared to ibkr)
no call/put options
spread is higher compared to ibkr (even though they claim that they are commission fee)

Verify as in being able to deposit? Right after i complete my profile, I deposit money from Bigpay and waiting for Monday to fulfill my trade.

This is my order window, this isn't CFD right?

Yeah that isn't CFD. You're buying actual shares if it shows that so it should be good.

Im kinda curious since you all said that Malaysians automatically get enrolled in AUS so I'm surprised when im under UK hmm
If so, I should remain under UK and not change anything?

This post has been edited by kenloh7: Feb 1 2021, 08:53 AM

Anyone have the same problem as me?

Tried signing up with eToro since last week but I just don't receive SMS notification code for verification no matter what.

Stucks at 80% completion

This post has been edited by JohnsonLoi: Feb 1 2021, 10:17 AM

Did you put correct number in or put in additional 0?

I didn't put 0. Since it already shows +60 in the grey box

I straight away type 1xxxxxxx