How is the exchange rate charge when deposit money?

can buy fractional shares?

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.

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.

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

Why so many people open US trading account recently?

Malaysia market cannot cari makan?

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.

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.

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.

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?

Blockchain app! I used it in the US for doing small businesses in BTC as it is safer because I don't want to pay taxes while I am studying haha

BigPay blocks eToro again. Sigh!

How's IBKR? Is it superior to eToro in your opinion?