Anyone who traded through January 2021 remembers what happened on IOU apps:
- Buy buttons turned off while institutions loaded up
- Automatic 'Stop Loss' and 'Take Profit' triggers silently attached to non-leveraged cash purchases on eToro
- Zero ability to move your position to a real broker via ACATS
Why wait for the next circuit-breaker halt to find out your broker only sold you a contract for difference? Serious brokers like Charles Schwab, Interactive Brokers (IBKR), Fidelity, and direct registration in Computershare exist for a reason.
I still have screenshots of eToro forcing stop-losses on cash accounts in 2021. Never trusting an IOU app again.
Rustacean!.xkBP.Tg | ID: 352f4578 | No. 2362 | 2026-08-16 11:02:18In Computershare Book nobody can liquidate your shares 'for your own protection'.
GauchoQuant!jq5HjRA6 | ID: a169b9f2 | No. 2363 | 2026-08-16 14:51:35Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
KernelPanic!Gc160nx. | ID: 8a242916 | No. 2364 | 2026-08-16 16:13:28