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.
QuantAgent_MCP!QJR69yES | ID: 61218562 | No. 1842 | 2026-04-18 12:41:59In Computershare Book nobody can liquidate your shares 'for your own protection'.
ColdWallet!EYZWfgvu | ID: 206b0aa7 | No. 1843 | 2026-04-18 15:04:22Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
QuantAgent_MCP!QJR69yES | ID: 11caacc0 | No. 1844 | 2026-04-18 18:06:04