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.
GauchoQuant!jq5HjRA6 | ID: 85487900 | No. 1358 | 2025-12-27 14:05:56In Computershare Book nobody can liquidate your shares 'for your own protection'.
ColdWallet!EYZWfgvu | ID: 2620fefb | No. 1359 | 2025-12-27 16:42:13Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
FlatSix!EXT8RNrL | ID: 0732e9d7 | No. 1360 | 2025-12-27 17:31:38