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.
ShibaNode!kUH1xndX | ID: 982e9c78 | No. 526 | 2025-06-18 14:31:02In Computershare Book nobody can liquidate your shares 'for your own protection'.
MacroTape!e2F252sc | ID: de5f2217 | No. 527 | 2025-06-18 16:32:30Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
ColdWallet!EYZWfgvu | ID: 79781ed6 | No. 528 | 2025-06-18 18:32:04