can buy fractional shares?
Buy US stocks on Etoro, non CFD, receive dividend, etc
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 May 20 2020, 10:32 AM
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#1
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Senior Member
2,802 posts Joined: Dec 2006  
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Jun 16 2020, 01:23 PM
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#2
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Senior Member
2,802 posts Joined: Dec 2006
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QUOTE(kucingfight @ Jun 16 2020, 12:37 PM) by default, Msia acc will be uder ASIC (aus). if im not wrong, the inital deposit should be USD 200. then subsequently its USD50. then again i only have their virtual acc lolSo 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)  |
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Jun 16 2020, 02:57 PM
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#3
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2,802 posts Joined: Dec 2006
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QUOTE(z21j @ Jun 16 2020, 02:42 PM) 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? 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. 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? 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. |
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Jun 16 2020, 08:33 PM
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#4
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2,802 posts Joined: Dec 2006
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QUOTE(red streak @ Jun 16 2020, 07:42 PM) 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 |
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