What are /r/superstonkuk's favorite Products & Services?

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I don't use Etoro but the terms and conditions are very dodgy.

• we may be the counterparty to trades that you enter into*

eToro Europe is covered by the Cyprus Investor Compensation Fund ("Fund"). If we fail, the Fund can return your money up to €20,000

https://www.etoro.com/customer-service/terms-conditions/

https://www.etoro.com/trading/how-to-set-stop-loss-and-take-profit-targets/

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A take-profit order is known as a limit
order, which guarantees that a position is closed at or greater than a
predefined price point"

​

Etoro does effectively have a limit sell, they just call it a TP. Hope this helps!

Smooth Brain question. On Wise website here https://wise.com/help/articles/2978013/how-much-does-it-cost-to-receive-large-amounts-into-my-account?origin=search-home-receive+international shows the fees when receiving USD. Does that mean if we use Wise USD account we would be charged only $7.5 if we were to receive dividends or sell shares on CS? Also to receive ACH payments are free but no idea what those are.

So I had this happen to me a couple of months ago. Ended up not being a massive concern.

Initially when you set your CS account up and complete your W-8BEN form it does so based on any and all of your information being UK based. Once you create and link your Wise account you then have a mixture of UK and US based information linked to your account.

This doesn't really complicate your tax position. CS just say hold on a second, it looks a little weird you are a UK citizen but have a US bank account (fair enough question really). Can you explain why you have it. I simply sent them a covering letter with a paragraph or two saying something along the lines of:

"I currently have my Computershare account linked to a US Bank Account for Computershare deposits / withdrawals, despite being a UK/non-US citizen. Here is the explanation I have been requested to provide in respect of my non-US tax status certification.

I have opened a US balance account with Wise (https://wise.com/) in order to be able to move money with low fees and competitive exchange rates to and from US broker IBKR and transfer agent Computershare where I hold accounts. Wise allows users to have multi-currency accounts."

Literally that simple.

A fellow user u/no14u I think the username was also had a similar issue at the same time as me and we both managed to resolve it without much fuss.

Once I sent them the covering letter saying why with a completed W-8BEN form they said it was all fine and no issues with the US bank account being linked to my CS account, and I have the full tax treaty benefits between the US/UK active.

Hopefully clear but shout if you have any questions.

Most shitty brokers show their hand by 'clearing' processes.

Shares need 3 days +/- to settle, cash needs to be transferred the 'traditional' way, its all a ploy to hang onto cash for longer and play with it.

In this day an age with instantaneous bank transfers, they have zero excuses.

A fine example is FreeTrade. A friend sold to re-buy thinking after settlement he can have access to the cash, but they told him he has to wait until the FOLLOWING Thursday for the cash the hit his account as it takes upto 5 WORKING days.

Fuck the entire system.

I recently had experience with a money transfer agent Wise.com they took the money instantly from my bank account but said it will take 'upto' 24 hours for it to appear for me to be able to make a transfer. I was like WTF?! WHY?! I then told them to cancel it and send me money back and they informed me it will now take an additional 10 WORKING DAYS (two god damn weeks) to transfer the money back to my account.

It's all a sham. Everything is a sham. Fuck it all.

Wise accepts only up to $1m on certain type of accounts that starts with 026 but doesn’t have limit on accounts that starts 084 https://wise.com/help/articles/2978015/can-i-receive-large-amounts-into-my-wise-account

Please stop trying to gaslight people there are literal public statements from etoro about GameStop being set to close only.

https://www.etoro.com/posts/0__entry__9782fbfd-c7a7-4efb-a3b7-0c7e4532a9ad