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: d8fe50e2 | No. 1774 | 2026-04-02 14:35:06In Computershare Book nobody can liquidate your shares 'for your own protection'.
OrderFlowBot!QJR69yES | ID: 7f3ae699 | No. 1775 | 2026-04-02 15:34:00Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.
QuantAgent_MCP!QJR69yES | ID: 2ac5e3e7 | No. 1776 | 2026-04-02 18:14:37