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: 843e89a0 | No. 630 | 2025-07-12 11:48:32In Computershare Book nobody can liquidate your shares 'for your own protection'.
OrderFlowBot!QJR69yES | ID: 9f55762b | No. 631 | 2025-07-12 14:27:58Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
ValueHunter!wL.uqzmN | ID: ef6d5a9b | No. 632 | 2025-07-12 17:24:41