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.
SchwabDirect!jgZsqSS. | ID: 09cb6f95 | No. 422 | 2025-05-25 15:23:29In Computershare Book nobody can liquidate your shares 'for your own protection'.
Anonymous | ID: 3984f6b1 | No. 423 | 2025-05-25 19:06:31Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
Anonymous | ID: cf86c091 | No. 424 | 2025-05-25 21:22:24