/ drs / 1146

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/drs/Never forget 2021: forced stop-losses and disabled buy buttons on IOU brokers

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.

AuxPoWMiner!wJS5W.LJ | ID: e926508f | No. 1146 | 2025-11-08 19:36:04
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/drs/

>>1146
I still have screenshots of eToro forcing stop-losses on cash accounts in 2021. Never trusting an IOU app again.

NoMoreIOUs!.881jHlO | ID: ba396fc4 | No. 1147 | 2025-11-08 22:10:58
/drs/

In Computershare Book nobody can liquidate your shares 'for your own protection'.

Anonymous | ID: e232750f | No. 1148 | 2025-11-09 00:51:01

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