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 Buy US stocks on Etoro, non CFD, receive dividend, etc

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Zhik
post May 20 2020, 01:10 PM

eeerrrmmmnnn, stupidity has no limit?
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Senior Member
1,228 posts

Joined: Nov 2012
QUOTE(Ivan113 @ May 20 2020, 10:10 AM)
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.
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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

 

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