Received an email that they're doing away with local online deposit soon (1st of March 2021).

Wondering if we use bigpay, will we be able to receive withdrawal from etoro in bigpay account since bigpay has a 2.5k daily cash limit. Does anyone know? I don't see withdrawal options so I assume they will just deposit your withdrawal to last deposit account. That means local bank deposit will be completely out of the picture very soon.

This post has been edited by whyamiblack: Feb 23 2021, 03:33 PM

Error popped up after deposit but luckily it went through today. Managed to open some positions cause already set the trade order but can't place new ones

This post has been edited by whyamiblack: Feb 24 2021, 01:17 AM

Couldn't place order for TSLA and BNGO Basically just watched it slip away. Totally forgot how bad huge traffic could be on such a day.

Did you manage to score any?

Same here. Status update says they're still working on the issue.

Applied for TD Ameritrade but pretty sure it's gonna take a long time. Saw IBKR offering IBKR Lite, doing research on it now. Trading212 isn't accepting any new customer at the moment.

Oh mannnnn

I think eToro is being overrun by new users since it's one of the easiest to enter. With TD taking so long and Trading212 just straight up pausing account validation. Unless you're in the US, there might not be other options that don't charge some sort of fee just to deposit.

Prefer old fashion but trustworthy and dependable. Full selection of the market is also available with no inactivity fee (very important for me since prefer to long hold) and if you want to leave them, a full ACAT is available for a small fee. Unfortunately, this also means it will be a highly sought after platform

Haven't tried but according to their newsletter it should go back to the transfer acc. The only thing I want to know now is that if using credit/debit option, can we still withdraw to bank or will it go to credit/debit? Because according to their FAQ, it should be withdraw to last deposit method. I'm looking at OCBC frank to save up on exchange rates but I wonder if this will change the withdraw option to the card or will it stay as previous bank acc. I've opened a ticket regarding this but no reply yet and not expecting a reply anytime soon and TD ameritrade registration I think maybe next year only go through (and that is IF it goes through)

I have checked out BigPay, unfortunately, their bank transfer limit is only RM2000 per month and deposit limit is RM2,500 per day. Problem with deposit limit is if you withdraw and you receive it in that acc, I'm not sure if it will go through if your withdrawal exceeds RM2.5k. If anyone has had experience with this, it would be great to find out for sure.

Not sure of this, hopefully the support responds soon with an in-depth reply. Will update here if I get a response.

This post has been edited by whyamiblack: Mar 3 2021, 04:03 PM

As above post. Also for them to save on cost which is why they're able to offer among lower fees. Their spreads are among the highest I've seen though but still manageable. It makes me wonder though, to what point (amount) would it be an issue for withdrawal with our local banks.

On a side note, no response from them yet but I've found out that BigPay is only able to hold RM10k max each time as this is a regulation laid by the central bank of Malaysia. OCBC frank seems the way to go so far. So if you're planning to deposit using BigPay, withdrawal should not exceed RM10k one time.

This post has been edited by whyamiblack: Mar 5 2021, 01:27 PM

Don't reply also same. Literally copy paste back the newsletter they sent back without answering anything. Guess have to find out manually. Still no progress from TD and T212

invest2229

This post has been edited by whyamiblack: Mar 12 2021, 04:59 PM

Since the GME hooha, they've reduced leverage on the higher risks stocks and have raised the requirements for things like indices and commodities. This is most likely why you're seeing different from what they advertised. Most of their materials are probably not updated. First deposit for newly registered accounts have also been raised to $1000 IINM.

Not a sifu but I'm using full name for my account ID as well. Didn't know about this at first but doubt it's a problem. You should be covered by either one not both I think depending on which ones are assigned to your account. Did you register the acc while you were in the UK or studying there? It might be why. Usually, for Malaysians it would be under ASIC.

Unless there are changes that I'm not aware of, it should still be working. I made my deposit with BigPay sometime last week.

This post has been edited by whyamiblack: Mar 14 2021, 04:43 PM

Doubt the support will be useful in answering questions tbh. Most likely they outsource their support from some sort of tech support company. So replies are most likely what's already either written in the announcement or FAQ. Honestly, I wouldn't even recommend this platform at this point unless if you can't get approval elsewhere. Most likely moving to webull despite the lack of fractional shares since it's the closest to my preference and if I ever decide or get a response from TD, I can just apply for a change if I wanted to. Hopefully, I won't want to though.

I have the same question regarding withdrawal because BigPay is quite limited. They said local bank transfer is still available for withdrawal but they didn't mention whether you can keep using it if you deposit using debit/credit or whether you will be given options to choose from (from what I've tested, it should be the last deposit account). Sent the question to support with no helpful response.

So far from what I've gathered, TD, IBKR, Webull and Trading212 are my top choices. TD approval takes too long, IBKR is littered with fees (feels overwhelming and unwelcoming tbh), Trading212 has paused their approval since the huge influx. So that leaves Webull for me. No fractional shares but they accept TransferWise (which you could use for ACH transfer). Worst case scenario that one day TW has issues, wiretransfer is available. It's gonna cost a bit but turning that fee to 1% or less is manageable. If so happens that service is not good, you can always do a full ACAT transfer to any broker of your choice which is great so you don't have to wait to sell your shares while market is down or something. If fractional shares is a must, I don't see anything better available at the moment until Trading212 resumes verification. But if you don't mind TransferWise fee (they have great exchange rates from what I heard) and can't wait for TD, I think webull is pretty solid.

This post has been edited by whyamiblack: Mar 14 2021, 09:31 PM

eToro doesn't support ACAT transfer.

https://www.etoro.com/customer-service/help...-service-acats/

I made some withdrawal recently. You can let the system pick randomly or you can choose where you want it to be directed to. There will be an option during the withdrawal process. The account or card just needs to be under your name.

I can't grab a screenshot for you now because the remaining of my funds are currently active and I don't have any left available in the acc But when I was withdrawing, it asked me to choose between letting them choose randomly between my last 2 deposit source or pick my own option.