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

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yunodie
post Jan 25 2021, 12:03 AM

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QUOTE(jerantut2011 @ Jun 20 2020, 10:50 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
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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.
yunodie
post Jan 31 2021, 09:10 PM

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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)
yunodie
post Feb 17 2021, 11:54 PM

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QUOTE(whitejack @ Feb 17 2021, 10:33 PM)
planning to open an account, anyone need a referral bonus?
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pm-ed. thanks.
yunodie
post Feb 21 2021, 09:07 PM

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QUOTE(Razer_coc @ Feb 21 2021, 02:26 PM)
U got ?
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done pm. thanks.

yunodie
post Feb 21 2021, 09:12 PM

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QUOTE(Razer_coc @ Feb 21 2021, 02:27 PM)
Hi everyone I’m 19 this year and I’m planning to put in around 5-8k in jt . Is there anything that I should now ? Should I switch it the NON-cfd ? What are the difference ?
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not sure what jt is but

cfd is a 'bet' between you and the brokerage. when you close the contract, the brokerage either compensates you/or you compensate the brokerage for the difference between contract open price and contract close price, hence the term cfd(contract for difference). the brokerage allows you to take out a cfd with a leverage. it allows you to buy a contract worth usd10 with only usd1 (x10 leverage). downside is that it is volatile because your unrealized profit/loss is magnified by the leverage that you have taken. for every one unit of share that you 'buy' with cfd on a x10 leverage, a usd1 difference in share price amount to usd10 of your unrealized profit/loss. if the unrealized loss is more than that allowed by the brokerage, then it will ask for a margin call(top-up). if you dont top up within a certain time frame, then your contract will be forced close automatically thus realizing your loss. if you take out a cfd without leverage, you might as well buy the underlying asset. plus, there is overnight/weekly rollover fee for cfd. the higher the leverage the higher the fee.

in contrast, there is no fee in owning underlying asset. the brokerage will hold the share for you on behalf(nominee). you are also entitled for dividends but it is subject to withholding tax.

there is no answer to which one is better. it all depends on your risk appetite. high risk high return and vice versa. good luck and all the best.
yunodie
post Feb 22 2021, 08:13 AM

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QUOTE(keluarpattern @ Feb 22 2021, 06:12 AM)
Do they accepted paypal as deposit?
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yes but their forex rate is high. might as well charge it directly to the credit card.
yunodie
post Mar 9 2021, 11:58 AM

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QUOTE(sixfooter @ Mar 9 2021, 10:34 AM)
How do you identify if it is being regulated by ASIC (AU), CySEC (EU) or FCA (UK) in the app ya? And also how to see if it is CFD or not?
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Go to Settings. Then go to Profile. It is shown there under which regulation.

When you Open a trade without leverage, it is buying the underlying asset (Non-CFD). If you buy with Leverage, it is a CFD trade. It is clearly shown in the Open Trade page.
yunodie
post Apr 26 2021, 02:21 PM

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its your bank that converts the USD to MYR. etoro sends USD to your local bank. your local bank account is denominated in MYR. so it auto converts the usd2000 to MYR.
yunodie
post May 18 2021, 09:56 AM

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QUOTE(maruteamatklang @ May 17 2021, 10:06 PM)
This is my second time i think i got cheated by etoro.
I set stop loss at 21
Previous close 20.11
Open market etoro straight away trigger my stop loss showing that hit stop loss @ 21.64
Day range is only 20.93 to 20.11
Im shorting the stock btw...
So how does it hit my stop loss @ 21.64 while the day range is only up to 20.11 ?
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stop loss uses market order. once it passes 21 doesnt mean that the position is closed at 21. that's how etoro make their money.
yunodie
post May 18 2021, 09:56 AM

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QUOTE(maruteamatklang @ May 17 2021, 10:14 PM)
Any other broker to recommend? I wanna stop etoro
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ibkr or tiger brokers
yunodie
post May 18 2021, 11:02 PM

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QUOTE(maruteamatklang @ May 18 2021, 08:33 PM)
I knew that if it PASS 21 then will trigger the stop loss.
As i mentioned earlier, the highest price is 20.11, never touch 21, so does it will trigger my stop loss ?
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what frequency you use for your chart? use the lowest(per min) are you sure the day high is 20.11? check the candlestick of that day. else email them for clarification.

QUOTE(maruteamatklang @ May 18 2021, 08:34 PM)
Is the interface similiar to etoro ?
I saw some msg stated that these two brokers need to use overseas bank account ?
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go to ibkr thread. UI definitely not as noob friendly as etoro. you dont need overseas account. just the hassle of transferring using Wire TT thru your bank or use Wise.
yunodie
post Jun 8 2021, 01:15 PM

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QUOTE(Ivan113 @ Jun 8 2021, 11:40 AM)
someone please make a petition to have BigPay Visa card to allow Etoro transaction, they cant just censor transaction like that
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hahaha why cannot? if you dont like you their policy, can always migrate to other platform.



 

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