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There's nothing at all in the T&Cs that says they can force accounts closed - go to section 4.1 https://www.etoro.com/wp-content/uploads/2020/06/eToro-EU-Terms-and-Conditions-14.06.2020.pdf&ved=2ahUKEwjuhbnR6vjxAhUpQkEAHXfGAK8QFjABegQIDRAC&usg=AOvVaw37755xc-qesNgICersB7Yv
"We will not accept applications for eToro accounts from residents domiciled in Canada, or residents or
citizens of the United States of America, as well as other countries as required by Applicable Law, or
required by our internal policies from time to time (these are known as "blocked countries"). We may
change the list of blocked countries from time to time. For further information, please speak to us. Our
contact details are available at clause 10 – "Communicating with you".
4.6 Our Services may not be available in a blocked country. If you are travelling to a blocked country, you
may not have access to your eToro account or any of our Services. This restriction applies even if you
do not normally reside in the blocked country. We are not liable for any loss which results from your
inability to access the eToro platform because you are in a blocked country, or if caused by
circumstances outside of our control."
Just a general assessment, but it seems that ADA and TRX were the only coins they supported for staking. They must have decided they weren't ready to support staking and are back peddling. See "What coins are supported?" on https://www.etoro.com/en-us/crypto/staking/
My dad is Hodling on etoro (where he is not allwed to add anymor only cfd now onwards) and he got a notification linking to this https://www.etoro.com/news-and-analysis/trading/how-higher-inflation-relates-to-diversification/?inapp_source=notification&inapp_medium=inapp&inapp_campaign=AdHocCampaign_Marketing__CommoditiesAndFinancialPush_16062021_EN&inapp_content=
For my fellow eToro euroapes: I've looked into how to go about NOT using a market order, to ensure that the hedgies don't screw us over when it matters most. The only limit order that eToro offers is the Take Profit one, so the only way to take real tendies is to sell on an uptick. Hope this helps, as I've been quite concerned myself with missing the squeeze, until I saw that they do, in fact, have a limit order.
Their own words saying that Take Profit is a limit order:
"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."
https://www.etoro.com/trading/how-to-set-stop-loss-and-take-profit-targets/
Recently I discovered imo that HF and bots are changing their strategies from "better sell $GME (GameStop Corp New) " to animate people to sell their shares in a different way. They are spreading news about new attacks and an expected dip, which would probably bring the most clever of us apes to think day-trading this stock might be a good thing to profit even more. (Basically a "Watch-out, a dip is coming but all should be fine if you re-enter at lower prices again").Most of us know that this procedure can harm the idea of what we aim to do, don't fall for it. Or do, if you wanna miss out big. No advice
Hey, please read the Last part of the Etoro FAQ here:
Quote:
If you hold stock positions in the acquiring company in a merger:
The stock will continue to be offered and your positions will remain open.
What do you think about that? There are tons of Apes at Etoro.
Thanks ahead.
I heard you like links. knock yoursleves out
https://www.etoro.com/news-and-analysis/investing/etoro-gme-voting-pilot/
https://www.etoro.com/posts/0\_\_entry\_\_47725371-eb7c-4feb-b0cc-7f2ca9fe0570
And eToro! Although their excuse is " We have made this change following a notification from our liquidity provider that they have set $GME to close only status - effective immediately"
eToro are saying that they were forced to drop the GME
>GME SET TO CLOSE ONLY
>
>We would like to update users that $GME (GameStop Corp New) is now set to “close only”. We have made this change following a notification from our liquidity provider that they have set $GME to close only status - effective immediately.
>
>Please note that users will only be able to submit orders to close any open positions in $GME. New opening orders for $GME will no longer be accepted.
>
>We will update all if this situation changes.
>
>We would like to remind our users that we are seeing unprecedented market conditions and we may need to extend these restrictions to other stocks at very short or no notice based on our liquidity providers.
>
>Thank you,
>
>The eToro Team
I dont know how to read this because im full retard but someone much smarter then me just sent me this
$GME (GameStop Corp New) Starting tomorrow the hedgefunds are not able to short anymore, this means no more short ladder attacks. This is HUGE news Source: www.nyse.com/markets/nyse-arca/notices Short sale restrictions > Map with 2021 in the name > 202102 > in the excel sheet
I cant actually make any sense of it again full retard but thought id post it
TP is where it’s at, as per the eToro help page it says it’s a Limit Take Profit. Meaning your price or above is what will execute.
Stop Loss (even trailing) is bad because it can execute below (significantly) your target.
> Under normal market conditions, the set Take Profit is not guaranteed. When the market is volatile, the Take Profit rate you requested may not be traded in the market. In this case, the Take Profit will trigger at the next available rate. The result is that you could gain more than you expected on the trade.
From: https://www.etoro.com/en-us/customer-service/help/1483638382/what-is-take-profit/
I just received word back from Etoro regarding this new info, this is what they said:
​
Dear XXX XXX,
Thank you for contacting eToro customer service.
Please be advised that when using our platform, you instruct eToro to arrange for any shares which you have bought on our platform to be held on your behalf until we receive further instruction from you to sell that shares. In other words, eToro is the shareholder acting on your behalf.
This information can be found in Paragraph 9 of eToro Terms and Conditions. You may get familiar with them via the link below by selecting "eToro (UK) Ltd. Terms and Conditions":
https://www.etoro.com/customer-service/terms-conditions/
Please note that we are checking the opportunity to provide the voting rights to our clients. However, we do not offer such options at this point in time. If the situation changes, eligible clients will be informed by email.
We hope that this email clarifies the situation for you.
We appreciate your understanding a lot.
Should you require further assistance or information, please reply to this message.
Best regards,
XXXXX
eToro Customer Service
Please note that all communications are recorded for quality and training purposes.
ref:_00D24d2qa._5000848nNWU:ref
​
I don't know if maybe this rep is unaware or maybe someone on your end is misinformed but that doesn't look to me like they're going to have news about a GME vote by tomorrow.
This is NOT what you should be worrying about. What you SHOULD worry about is this :
https://www.etoro.com/wp-content/uploads/2020/06/eToro-EU-Terms-and-Conditions-14.06.2020.pdf
, and then specifically section 29, Exceptional Events. They define those to include (goes from a to m but I'm highlighting (i) because we are hoping for it, and (l) because that one happened in Feb) :
(i) excessive changes to the price, supply or demand of any product. We may also call an Exception
Event where we anticipate this change (within reason); (l) liquidity providers not providing, or being unable to provide liquidity to us. Liquidity describes
the degree to which a product can be quickly bought or sold at a price reflecting its appropriate
value;
They include as measures that they can take to cope with Exceptional Events: (c) close your open transactions at a price that we reasonably think is proportionate; (e) cancel all open orders or trades which are affected by the exceptional event. "If you lose money as a result, we will not be liable to you."
Now this scares the shit out of me. Don't think for a second they will not close your positions at a price they think is "reasonable" when GME starts mooning, after the fuckery they pulled in Feb.
After I became aware of this by another etoro user (in the etoro app itself no less), I started looking through the horrible/bad/neutral/good broker list on this sub, and settled on degiro. Yes it sucks that you have to go through all the red tape again and have to answer 2 sets of 15 questions to prove you know the difference between drinking and eating crayons... And that your etoro shares are 'locked up' in etoro... But during today's dip I bought some more GME through degiro, and as soon as the price starts to rise again and my shares on etoro are in the green, I'm selling those and buying them back immediately through degiro as well. I'm getting the fuck out of etoro.
I'm not exactly sure I have the right guy, I think I saw someone said the ceo of etoro. But anyway:
The majority of his portfolio is etheirum and bitecion actually.
Gme is 0.25% of his portfolio. Last time he bought was 03/17/21 @ 208$.
If you doubt that number:
>You can make an etoro account (https://www.etoro.com/en-us/login) WITHOUT any information just with a trash mail if you want. I just did that. Than add gme to your watchlist and hover the right column called "sentiment" in the gme row. There you can read for yourself "6.36% of our investors invest in gme. 100% of them have buy positions."
I've not checked since reading, but as a customer of etoro I have checked before, and I'm pretty sure you're insured up to £1M. Will try to confirm
Edit: Up to £1M excluding crypt0
Simple, the people who bought $DOGE will tell you every positive fact, thought, news or rumor there is for you to buy it so it will pump. The people who didn't, will tell you all the negative arguments for you to not buy or even sell. $DOGE coin is nothing more than what it really is: it's us making it valuable. Us proving we have the will, resilience, guts, or even the dream of making something of our own BIG, IMPORTANT, VALUABLE. That is the bottomline, it's an honest movement of dreamers who dare to say "we too can create something big". Stay strong no matter what, or how long. Lets get to $2 #dogestrong
Some brokers allow a trailing stop loss. eToro FAQ about them. Some of those could have been easily hit if they were following 5-15% behind
I'm not in the US, so forgive me if this is not super accurate, but this is taken from their US site
https://www.etoro.com/customer-service/help/1212689492/what-is-a-limit-order/
It appears to guide you through the limit order process for both open and closed (afterhours) markets.
- eToro is a regulated exchange and based in Cyprus
- https://www.etoro.com/customer-service/regulation-license/
- It must be Cyprus-related, otherwise they would have had a meeting at some more convenient airport for Asia-inbound travel
They may have halted in Jan but I now believe it was a liquidity problem more than a shill problem.
In an interview, Etoro ceo had a hodl shirt. His portfolio is on Etoro and is public https://www.etoro.com/people/yoniassia/portfolio
Look at that even, his stock status has "buying", on top of already owning GME shares.
If I had 100k lying around, I'd invest it in one of many etoro CopyPortfolios, and leave it there for a good 5 years.
Also, I highly recommend seedin, as I did on another post.
Ensimmäiseksi, en suosittele ketään käyttämään eToroa. Tai jos käyttää, niin varmistaa että oikeasti sijoittaa osakkeisiin/kryptoihin, eikä CFD-tuotteisiin. Niiden tappioita kun ei saa vähentää verotuksessa.
Lainaus eTorosta https://www.etoro.com/trading/crypto-faq/: "For clients of eToro (Europe) Ltd. and eToro AUS Capital Ltd: All SELL (SHORT) and leveraged cryptocurrency transactions are CFDs. Non-leveraged long (BUY) cryptocurrencies transactions are underlying cryptocurrency transactions (actual asset)."
Mutta kysymykseesi vastaus on, että ilmoitat kaupat verottajalle viimeistään ennen esitäytetyn veroilmoituksen palautuspäivämäärää. Kannattaa myös tutkia, ovatko kauppasi Cfd-kauppoja ja jos ovat, muistaa että tappioita ei saa vähentää.
45,440% vs. 456%?
^(1 BTC)
^(end of 2019 - ₱366,605.00)
^(end of 2020 - ₱1,672,780.00)
^(or +456% YoY ()^(https://www.etoro.com/markets/btc/stats)^())
^(Pharmally)
^(end of 2019 - ₱625,000.00)
^(end of 2020 - ₱284,000,000.00)
^(or +45,440% YoY)
The "20 million users" and the 6.37% of investors invest in GME comes from eToro's own website.
REMINDER: Don't click hyperlinks on reddit without first inspecting what link it is. This can be done by hovering over it and checking the link name in the bottom left corner of your browser or right clicking the hyperlink and copying & pasting it into your URL bar
Etoro just got back to me.. they said I don’t get to vote at all.. :/ now I’m not even sure if I own the actual stock even though they say on the buy page that I’m purchasing the underlying asset!
Their email reply was like this:
Thank you for contacting eToro customer service.
Kindly note that as per this link it is our policy that we do not offer voting rights to share holders on our platform https://www.etoro.com/customer-service/help/1281273772/what-do-i-purchase-when-i-buy-stocks-on-etoro/
"The eToro trading platform is not an exchange or a market. This means that you can only buy and sell stocks within the eToro trading platform. It is not possible to move open positions out of your eToro account to another broker or to another person.
If you open a stock position on eToro, you are not issued a stock issuance certificate or allocated voting rights. Nonetheless, should the company issue dividends, your balance will be updated in accordance with your holdings."
Should you require further assistance or information, please reply to this message, and we will gladly assist.
Best Regards, Adriana G. eToro Customer Service.
That would screw over all eToro and Trading212 apes.
>The eToro platform does not support the replacing of one stock with another. However, eToro clients affected by such corporate actions may receive compensation where appropriate… If you hold stock positions in a company that is acquired as part of a merger all open positions will be closed at the merger deal price, and any profit or loss incurred from these trades will be reflected in your available balance.
Similar situation at T212 with $APHA and $TLRY merger.
Further, there's this article describing what happens when a CUSIP changes.
>Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP.
>Those trades can sit in the Obligation Warehouse forever, in theory.
It seems it might be significantly worse than just letting it play out -- at least for the apes.
https://www.etoro.com/customer-service/help/1516864542/what-is-a-sell-position/
You need to learn about the different kinds of positions you can open. You opened a sell position, otherwise known as shorting the stock. Elif, you're betting the stock price will go down not up. The stock price went up after you opened your sell position, so you are down that relevant amount.
Read the link for more info. I would recommend studying some more before investing real money.
Aren't you a bunch of muppets that need to learn. https://www.etoro.com/customer-service/help/1561213922/what-happens-if-my-stock-is-affected-by-a-corporate-event-such-as-a-delisting-or-merger/
Is quite tiring to read all of your complaints on this subreddit. Fuckin' idiots.
Reposting here as this got deleted as a post for some reason: If someone could tell me what i need to do to have this allowed as a main post so I can warn people that would be good.
eToro are pulling some BULLSHIT much like Robinhood:
​
A stop/loss limit of 20% was imposed on my $GME position today when I bought in. With the usual option to remove the SL disabled. eToro's own website says you can have no stoploss set on non-leveraged buys(source: https://www.etoro.com/customer-service/help/499047/what-is-stop-loss/), which this was. And then there was a ladder attack which drove the price down to the point where the Stop/loss I could not remove was triggered forcing me to sell at a loss.
There's reports all over twitter of this bullshit too.
I of course bought back in straight away and am holding with DIAMOND HANDS. And suspiciously since the price dipped the option to turn off stop/loss is magically available so I have done that and screenshotted evidence that I have no SL set
So I suppose this is a PSA for those using eToro, they are NOT on our side.
This is NOT financial advice. I am just some retard on the internet.
ETH getting some love from the front page of eToro.
https://www.etoro.com/discover/markets
The ETH caption (next to BTC,Snapchat, and Nintendo) says
> Ether now available for trading!
> Wish you've known Bitcoin since it was only worth a few dollars? Here's your chance with Ethereum, second-largest crypto currency.
ETH has been getting a ton of attention there.
I'm not sure this is right. You can check this page: https://www.etoro.com/markets/gme
It says 483k followers of the stock. 6.37% investors. Which makes it look to me that it's 6.37% of 483k followers. Not 6.37% of all users, 20 million.
eToro's policy is to not replace stocks. For example, during the APHA and TLRY merger, eToro customers had their positions liquidated instead of having their shares replaced. For reference
That being said, as I mentioned above, the moass would probably happen before liquidation anyways, but then again, a merger wouldn't spark the moass anyway.
Etoro ceo holds gme so no, that's just an assumption. He also had a HODL shirt.
Look at the guys portfolio, GME longs listed as 'buying', https://www.etoro.com/people/yoniassia
eToro still has the live market info up, I think.
https://www.etoro.com/markets/gme
Just don't try to login.
When, oh when will all the beautiful, gift-from-above devs launch a decentralized stock trading system? 😍
AFAIK since September last year 'buy' orders for coins are no longer CFDs: https://www.etoro.com/blog/from-the-markets/building-a-new-crypto-environment-block-by-block/
I'm not advocating Etoro as a great alternative to a good exchange as you mentioned the drawbacks - high spreads etc. But its served a purpose for me as an introduction into Crypto where I could have a little dabble, before I moved on to better platforms.
Az általad javasolt “okosság” több okból sem működne az Etoron de ebbe nem megyek bele. Maradjunk annyiban: Egy igazán “menő profilt” összehozni nagyon nagyon nem egyszerű. Ez Elit Popular Investor szinthez 25,000 dollár saját befektetett pénzednek kell lenni. A “menő szint” legyen 1500-2000 ember aki másol. Ezen a szinten úgy általában az általad kezelt vagyon (Asset Under Management) 1 és 3 millió dollár között van. Ehhez neked nincs hozzáférésed. Viszont, az Etoro menedzsment díjként az általad kezelt vagyon durván kettő százalékával honorálja a munkád merthogy egy effektíve egy pénzügyi alapot menedzselsz. 3millio dollárnál ez évi 60ezer dollár. Tehát ha menő vagy 5millio dollárnál évi 100ezer dollárt kapsz puszira havi utalással. Az igazán mentőket 10ezer+ másoljak, 50millio+ kezelt vagyonnal.
Translation: can someone please google me how to transfer out of El Toro?
Me: Sure
Same boat here. XXX on eToro and have been diversifying to Stake, IBKR and now CS (via IBKR transfer).
The only positive thing (barely) for eToro is they're insured for up to $1m USD/GBP/AUD (depending on region) in the event they default. Still they only have market sell which is garbage.
Stake at least has limit sells but also strictly no DRS transfer. They're insured for 500k.
Still 39.5m below my floor, surely one broker will come through though otherwise they'll never clean this mess.
Can't register with Vanguard or Fidelity in AUS (unless I'm a dumbass), so DRS is the way.
https://www.etoro.com/investing/insurance/
https://au.support.hellostake.com/en/support/solutions/articles/35000154019-safety-security
eToro released a statement that 63% of eligible shares (709,497 total) there were voted on. Any data from other brokerages available to put the confirmed 50%+x vote count into perspective?
https://www.etoro.com/posts/0__entry__47725371-eb7c-4feb-b0cc-7f2ca9fe0570
I'm confused where the 1,516,949 figure came from given eToro have celebrated 20 million users worldwide?
"If you open a stock position on the eToro investment platform, eToro will hold the stocks on your behalf in a segregated omnibus account."
"An omnibus account allows for managed trades of more than one person, and allows for anonymity of the persons in the account."
​
Etoro hält alle Aktien der Kunden in einem Konto. Etoro weiß, wie viele Aktien davon dir gehören. Etoro kann somit für deinen Anteil die Stimme abgeben.
Here's an explanation about mergers on eToro's platform:
If the ticker remains the same then all is well.
Note: This is for eToro only, other brokers are different.
I was doing some researches about it this morning... My only concern is that in their official help https://www.etoro.com/customer-service/help/551846/what-is-take-profit/ they say:
Under normal market conditions, the set Take Profit is not guaranteed. When the market is volatile, the Take Profit rate you requested may not be traded in the market. In this case, the Take Profit will trigger at the next available rate. The result is that you could gain more than you expected on the trade.
So while they say that you get at least what you set, it doesn't look like a limit order...
Also, they have already a limit order functionality, but it's only when you open a position. So it looks strange to have the same functionality with two different names.
Did you get in touch with them? I've asked confirmation to the support to be 100% sure.
“If you open a stock position on eToro, you are not issued a stock issuance certificate or allocated voting rights.”
Despite what others might tell you it is very possible, but it is also very hard. The hardest part is developing the patience to wait - wait through the red, or stay out of the market and wait until it's a good time to get in again, or sit on green positions and not sell out of fear. I'm one of the top traders on etoro.com, and my returns are publicly available - I've been trading there for 3 years and I've consistently the beat the best indices by huge multiples. After 3 years of compounded returns I'm several hundred percent up.
The first year or so took some time to tweak my approach, but now I have it. A bear market will be harder to play than the bull market we've seen but play it I will.
Hi. CFD is not the problem. All stocks on etoro used to be CFD, and they charged zero fee when you buy with no leverage.
The reason that you are being charged overnight fees is because SPX500 is based on some sort of futures or derivatives which etoro does not disclose fully about. SPX500 is good for speculation and short trade because the high fee.
As for overnight fee, etoro uses LIBOR to calculate. Refer to this post: https://www.etoro.com/customer-service/help/1121836682/how-are-the-overnight-fees-on-stocks-calculated/
If you want to buy into S&P 500, I would recommend you to go for VOO or SPY instead. They are ETF and incurs no overnight fee.
https://www.etoro.com/customer-service/
Subject: Transfer my GME shares to the agent Computershare
Email template:
Hello there.
I and many others would like the option to transfer our shares to Computer Share via DRS. As a user in your company and a shareholder, I believe it is my legal right to do as I please with the shares I've purchased and for you to hold us in your custodian agreement. I would like to know if there will be a statement by eToro on transferring our purchased shares via DRS?
Is there anything you can tell me about the possibility of this in the near future?
If this cannot be done, please state why in writing so that I can seek legal advice as I am serious about my shareholder rights.
Regards,
Ok my wording is off.
You are investing in the underlying asset but if you read it it says leveraged positions you do not own the asset which implies you actually do own the asset on a non leveraged long position.
But I'm not in finance. Just my interpretation
I'm confused as well, on the eToro website it refers to 3 different ways to load funds.
https://www.etoro.com/en-us/customer-service/help/1282429032/how-do-i-deposit-funds/
However, it also doesn't make sense that a fraudster just "took" the funds from the OP u/Hagan18 wife's account by "guessing" account info because it appears eToro uses Plaid to connect bank accounts. Which would indicate whoever perpetrated the fraud knew the login credentials? They would of had to had SMS swapped his wife's phone as well?
Not according to this 2018 link. I’ve tried to find something more up to date; but unsuccessful so far. Etoro allows selling of any stock held in the account just not selling to open short positions (again, according to their available site info that I’ve found)etoro sell
It isnt CFD only, some are traded as real assets. When you buy a CFD it says right there next to the position, like they explain here: https://www.etoro.com/customer-service/help/1430804/what-do-i-purchase-when-i-open-a-position-on-etoro/
None of my GME positions have that "CFD" mark so they must be traded as real assets. (I checked this months ago and is the only reason I'm still with them)
I remember eToro only offers CFD and that's what stopping me before too. However I think they now offer stocks where you own the underlying asset:
I still prefer GoTrade though.
Etoro will not close your possitions if gme is the parent company
Check this article - I am a noob myself, but it seems you are going towards 0 and below on your total account balance and since eToro would prefer not to lose money having your negative account active, will sell everything off and close your account to prevent going below 0:
https://www.etoro.com/customer-service/help/1016498002/what-is-a-margin-call/
I had a different answer from eToro (UK):
1) No, as shareholder of every stock, eToro can not lend your shares to any other 3rd party.
2) You can take an Account Statement from the date you want until nowadays and will show you every single stock you are ownering at eToro. Customers at eToro are not legal shareholders of the companies you are investing in. eToro has the rights of it. We are planning to pass those rights to the customers in the future. In short, you are investing in real stocks, but eToro has the custody.
In the following link you can take the account statement for your positions. https://www.etoro.com/es/customer-service/help/1195646612/d%C3%B3nde-puedo-encontrar-mi-estado-de-cuenta/
3) As a retail inversor of a stock, you are not able to exercise the voting right of any stock or company. Just shareholders with 5% of company`s shares are able to vote.
4) We do not offer options as for now.
5) Confirmed, your account is a cash account.
And it puzzles me...
Seriously, don't use Etoro for crypto. It's the worst
- Gigantic Spread (1% on BTC, 2,5% on everything else)
- No volume information
- No order book information
- "No scalping" rule. They expect you to hold your positions open for at least an hour.
eToro Game portfolio:
As part of this portfolio's ongoing monitoring and oversight, it has been decided that the portfolio holding in $GME (GameStop Corp New) will be liquidated in full. This adjustment requires no action on your end. We recently identified (and as also widely published) unusual trading patterns in terms of trading volume and price inflation in this asset and other developing stories around this company. Following an investment committee evaluation, we have decided to reduce the potential risks associated with this asset in the current market conditions. We will continue to evaluate this situation since we have a positive outlook on $GME ‘s core business activities. We will consider further opportunities as and when they are presented, taking into account the market conditions. Tech themes, such as the Gaming industry are constantly evolving and changing. We continually monitor these and other opportunities to achieve the best possible returns while considering the associated risks. We value your trust and choice in @InTheGame CopyPortfolio.
Die kaufen wohl gar nicht wirklich Aktien, damit kannst du davon ausgehen, dass du beim Quetsch leer ausgehst!
Etoro rim job 🍑🤪 may I have another please????
"Thank you for contacting eToro Customer Service.
We appreciate your feedback!
In regards to transferring shares please note that buying real stocks on eToro works on a custodian arrangement. This means that eToro will purchase them on your behalf and hold them in custody for you under eToro's account. Although you are trading the value of the underlying real asset, you are not issued a stock issuance certificate and your name is not registered under the share register. For this reason we do not facilitate the transferring of shares.
Please find attached below a link that may provide more insight. https://www.etoro.com/customer-service/help/1281273772/what-do-i-purchase-when-i-buy-stocks-on-etoro/
Should you have any further questions or concerns, feel free to get back to us here.
Best Regards,"
Etoro keeps coming up every few weeks. They are not RH ffs.
From their FAQ’s:
If you open a stock position on the eToro investment platform, eToro will hold the stocks on your behalf in a segregated omnibus account.
Link here:
Not saying OP has done this on purpose but ask yourself who benefits from apes selling shares?
Is this true for all trades on Etoro? It looks like it tells you if it's CFD or not
"What do I purchase when I buy stocks on eToro?
When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name. This also applies to fractional shares: for example, on eToro, you can invest as little as $50 to purchase part of a share whose price per unit is $1,000. When you open a non-leveraged BUY (long) position on a stock, you will pay zero commission* — no markup, no ticket fee, no management fee. eToro also offers additional functions using CFD trading. With CFDs, you can open SELL (short) positions and use leverage. Keep in mind that if you hold a CFD stock position, you do not actually own the stock. Any CFD trade will be marked 'CFD' in the trade line."
It only provides a % of his portfolio based on risk:
https://www.etoro.com/people/yoniassia/portfolio/gme
Invested: 0.29%
Avg. Open: $65.52
P/L: 285.10%
3 positions during beginning of Feb to mid-March
Stop losses won’t always close at the exact rate you set. Etoro will close at the next available rate, which may result in slightly higher loses
From their website:
Under normal market conditions, the set Stop Loss is not guaranteed. When the market is volatile, the Stop Loss rate you requested may not be traded in the market. In this case, the Stop Loss will trigger at the next available rate. The result is that you could lose more than you were prepared to on the trade.
I've done a calculation based on this figure, and the results are quite tit-jacking. I'll start by listing the assumptions that I'm making upfront:
- eToro investors being 1.5% of all GME shareholders. We don't know how they came to this number.
- eToro has 20 million users (this seems to be confirmed as of March 8th)
- The current percent of eToro account holders who hold GME is 6.47% (I made an eToro account just to check this, and I will buy a couple shares there since I currently only have 1 broker)
- That percentage is assumed to relate to their registered userbase, as opposed to some arbitrary amount of 'active users' or something. Apple, Tesla, and Microsoft having their percentage in the 12-18% range seems to back this up.
- Each GME shareholder (out of the "all GME shareholders" from the post) is assumed to hold just 1 share.
Doing the maths: 20,000,000 (users) * 0.0647 (% GME holders)= 1,294,000 GME shareholders on eToro. That divided by 0.015 (% of total shareholders) = 86,266,666 shareholders total. That's literally more shareholders than there are shares outstanding. Even if every shareholder only has a measly ONE share, we are still 12.9 million shares over and above the outstanding shares. Once you add back in insider shares, institutional shares, and, you know, apes holding more than one share, back in, it becomes damn scary how many times we own the float.
Etoro has 20 million users as of March and they are retail based.
At 20 million people, if say 5% of their customers hold 2 shares each, that's 1 million people and 2 million shares held.
At 1.5% of the total shares, that 133,200,000 shares.
Hey stop spreading FUD. Here it is stated pretty clearly that they DO buy the shares on your behalf. You aren't helping by making people panic.
Sorry to hear that ape - it didn't drop for me, though there were a couple of 'market closed' statuses for no more than a minute or two.
Note that the founder of eToro holds GME:
"When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name. "
eToro Club membership is determined according to the customer’s equity as of midnight GMT each day. Provided that you meet the equity requirement, you will be automatically accepted and you will see the club tier change the following day.
Silver: $5,000 Gold: $10,000 Platinum: $25,000 Platinum+: $50,000 Diamond: $250,000
We do not have voting rights on eToro.
Stated on this page in french, after the CFD picture:
I emailed my account manager/club agent today and her reply was:
"The TP function is not mandatory for non-leveraged BUY positions. You can rest assured that, without having set the TP function yourself, there is no risk for your position of being closed, not even at a +1000% gain.
I have attached this for your convenience: https://www.etoro.com/customer-service/help/551846/what-is-take-profit/#:~:text=The%20maximum%20Take%20Profit%20on,while%20the%20trade%20is%20open"
So a automatic +1000% gain TP is not set on all positions..
I don't know what to say about their iffy TC Exceptional Event clause tho..I might have to email her back and inquire about that as well.
With eToro you are buying the real stock aswell. They used to be CFD only but with major markets like NASDAQ, DAX, FTSE etc. it's the real stock see https://www.etoro.com/customer-service/help/1430804/what-do-i-purchase-when-i-open-a-position-on-etoro/
They have restricted buying $GME on thursday aswell but removed the restrictions on Friday.
Dude, no se porque discutirlo. Literalmente la fórmula de Dietz con la que calculan rendimientos está en la página de eToro. https://www.etoro.com/blog/from-etoro/get-ready-get-set-for-our-new-gain-calculation-coming-soon/?fbclid=IwAR2UjWIpq25wFSK2hldWqXG9sfZdExUUvjwALdc6HOFe4PcwLeKStcaBnVs
you would lose 30% * 5, with 5 times leverage 1% = 5%. Etoro will not let you you go negative balance and will automatically close your trades and you will have lost all your money.
https://www.etoro.com/customer-service/help/1016498002/what-is-a-margin-call/
eToro bietet auch wirklich lustige Dinge an: https://www.etoro.com/de/trading/cfd/#getting_started
Dann wäre klar, warum er keine "Aktien" übertragen kann.
From what I understand (I'm from the UK, but seems it also covers AUD, EUR):
1. Transfers
Not allowed. Because you own entitlement to shares, not the shares themselves.
2. Insurance
They have a page covering insurance. You're covered with GME, but some investments aren't (such as Crypto) - https://www.etoro.com/investing/insurance/
It seems there are two aspects of this insurance:
2.1 Lloyds Insurance
Purchased by Etoro, on behalf of Etoro users. Covered up to £1m, BUT, it seems there's a clause whereby you'd only be eligible for £1m, if Etoro don't go over their coverage amount.
I'm guessing if Etoro (for example's sake) purchased £100m insurance and 100 people needed it, they'd get up to £1m each. However, if 1,000 people needed it, the distribution (assuming it's equal), would be £100k per account.
2.2. FSCS (FCA) & ICS (CySEC)
By simply being registered by the above bodies, it seems there are compensations of 20,000EUR (ICS) or £85k (FCA). It doesn't say who gets what, or what compensation AUD customers get.
However, it does seem that Etoro are covered by the ASIC, referenced here: https://www.etoro.com/customer-service/regulation-license/ - I'm not sure if that offers cover for users.
...that's how I read the info from the above links anyway.
I think the actual distribution at the time was something like 36% institutional holders and about 20% insiders. It's difficult to know exactly the voter turnout, but generally ~90% of the votes from institutions vote (source), and most likely most insider shares.
We can't exactly know the voter turnout, but for eToro for example, about 63% of eligible Gamestop shares held were voted with (source). So if we assume that this average holds for all of the 31 million or so shares that were not institutions or insiders, we get about 19.5 million votes.
So: 71 million * 0,90 * (0.36 + 0.20) + 31 million * 0.63 = 35.8 million + 19.5 million = 56.3 million.
The actual number of votes was 55 million, so fairly close considering this is some simple napkin math. The numbers do seem to add up surprisingly well, don't they?
I checked on wabarchive. It seems it was that way atleast since 12.2020 . It must be that now i start to understand what to look at (at least partially)
https://web.archive.org/web/20201212020840/https://www.etoro.com/customer-service/terms-conditions/
Du wirst nie eine Garantie haben, bei keinem Broker.
Wenn es Dir hilft nicht so nasse Shorts und kalte Füße zu bekommen, dann schau Dir das Portfolio von Yoni Assia, dem ober Boss von eTorro an. Der hält selber GME. Ich denke der hat selber Interesse zu verkaufen und ich bin mir sicher das die keinen weltweiten Shitstorm und Klagen von wildgewordenen Affen bekommen wollen.
Hier der Link: https://www.etoro.com/people/yoniassia/portfolio
Buy and hold - Keine Beratung für Finanzen oder so ... und kein Partygänger in Las Vegas!
Hejsa
Jeg er selv forholdsvist ny (begyndte at investere tilbage i december 2020), men føler efterhånden jeg er kommet med bedre ind i tingene.
Jeg har selv Saxo, og synes det fungerer super fint! Er især glad for deres platform, som er super bruger venlig (syens jeg selv). De tilbyder et stort udvalg af instrumenter (aktier, ETF'er, options osv.) og så er priserne også meget fornuftige ift. andre platforme (alt efter hvilke ting man handler), så klar anbefaling herfra!
Har ikke selv eToro, men kan huske det var en af dem, der poppede frem når man søgte efter platforme. Mener jeg læste noget om, at man selv skal indberette skat? https://www.etoro.com/da-dk/customer-service/help/1387603582/skal-jeg-betale-skat-af-mine-handler/. Det gad jeg i hvertfald ikke bøvle med, så lige heads up ift. nogle regler du skal passe på, hvis du ikke var klar over det. Kan godt koste dyrt, hvis du ikke sørger for at indberette skat ordenligt. Dette sørger Saxo for at indberrette, hvilket også er meget rart.
Ellers ved jeg ikke lige hvad du skal passe på af regler som sådan, noget specifikt du tænker på?
well, it's not only regulated in Cyprus, but also the UK and Australia
https://www.etoro.com/customer-service/help/499170/is-etoro-regulated/
Are you saying it's for GME only? That smells fishy.
Set a take profit to trigger on a slight uptick once it reaches your personal target. Stop loss triggers a market sell.
Their website describes Take Profit as if it is a limit sell but a Stop Loss as triggering a market sell.
People have even questioned whether the take profit is a market sell but their website says it will sell at that price or above.
https://www.etoro.com/en-us/customer-service/help/1483638382/what-is-take-profit/
https://www.etoro.com/customer-service/help/499047/what-is-stop-loss/
Or don't. Not financial advice.
When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name.
Hi- As of today eToro does not support the voting rights process on the platform. Nevertheless, we're working to understand if we can offer users the ability to participate in the upcoming GME voting.
The voting is currently scheduled for June 6th 2021 and we will update beforehand on where we stand.
Agreed. Plus you can't be margin-called on eToro, even if you lose more money than you invested they'll refund you. Imagine Doge somehow skyrockets again and suddenly to 2 dollars, eToro will probably have to shell out hundreds of thousands to those who shorted.
More generally eToro crypto spreads are absolutely terrible ( and Doge is no exception, 2.9% !!! source: https://www.etoro.com/trading/fees/#crypto ) I'm on eToro for the stonks since the spreads are mostly okay, but cryptocurrency is a no-go for me, I'm on Binance.
I've never done it but Binance is so extensive I'm pretty sure you can short Doge on there too.
" what about closing positions, that will always be allowed right? <em>@eToroTeam</em> "
etoroteam: " As long as there is liquidity and it is not suspended from the exchange, yes. "
dont want to fud, but that sound like they wouldnt be able to close if there is liquidity issue...
Te esta dominando muy cabrón la desesperación. La desesperación es mala consejera en esto, te lleva a tomar decisiones apresuradas que muchas veces salen mal. Pero en fin, ya estás metido en esto, te deseo suerte.
Etoro es un brokerage de Chipre que ofrece tanto acciones como CFD's, y su proceso de verificación también se lleva unos días: https://www.etoro.com/customer-service/account-verification/
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Flink es una FINTECH mexicana que está en proceso de aprobación como plataforma de recepción de pagos (es decir, aun no está regularizada con la ley Fintech, y aun cuando lo haga, no lo estará como casa de bolsa). En ella la compra no la haces directo con Flink, sino con un brokerage gringo que tiene asociado, así que no es 100% confiable tampoco. Ellos te van a pedir fotos de tus documentos para activar la cuenta. Creo que no se llevan mas de dos días, pero no estoy seguro, no hay información clara en su website al respecto.
"What do I purchase when I buy stocks on eToro? When you open a non-leveraged BUY (long) position on a stock, you are investing in the underlying asset, and the stock is purchased in your name. This also applies to fractional shares."
"The eToro trading platform is not an exchange or a market. This means that you can only buy and sell stocks within the eToro trading platform. It is not possible to move open positions out of your eToro account to another broker or to another person. If you open a stock position on eToro, you are not issued a stock issuance certificate or allocated voting rights. Nonetheless, should the company issue dividends, your balance will be updated in accordance with your holdings."
Please read this and don't spread misinformation. https://www.etoro.com/en-us/customer-service/help/1306687462/are-there-limitations-on-the-amount-i-can-transfer-from-the-etoro-platform-to-the-etoro-wallet/
Your issue is coming from etoro wallet not from the plateform. I use etoro too, i was worried at the beginning but now i'm pretty confident they will not steal us like robinhood did.
Btw etoro is not totally free, they take a spread and they take 5$ for every withdraw. And for those who are saying that etoro is selling our informations to hedgies, maybe but i think it's unlikely, PFOF is already banned in certain european countries and EU is around the corner to not allow PFOF.
From Etoro...
​
"GME SET TO CLOSE ONLY
We would like to update users that $GME (GameStop Corp New) is now set to “close only”. We have made this change following a notification from our liquidity provider that they have set $GME to close only status - effective immediately.
Please note that users will only be able to submit orders to close any open positions in $GME. New opening orders for $GME will no longer be accepted. We will update all if this situation changes.
We would like to remind our users that we are seeing unprecedented market conditions and we may need to extend these restrictions to other stocks at very short or no notice based on our liquidity providers. Thank you,
The eToro Team
I haven't come across any notable majority % popular investors yet - but I hold around 20% in Asian market (ETF/Tech//Solar/Mining etc) https://www.etoro.com/people/hugomb97/portfolio
Every major bank Ripple partners with often later announces they are working on it: Https://www.etoro.com/blog/market-insights/update-to-the-etoro-wallet/! Ironic you mention Visa since they are already likely working with Ripple via their Earthport acquisition. You have to register for a debit card but it’s perfect for bitcoin to Binance.
None worth mentioning I would say...
Even eToro cannot bring any meaningful competition, as you can only invest in Bitcoin and Ethereum through their platform (https://www.etoro.com/blog/product-updates/07062017/introducing-etoros-new-cryptocurrency-copyfund-a-new-way-to-invest-in-bitcoin-ethereum/)
Kenne mich mit eToro nicht aus. Stell aber bitte sicher, dass du nicht CFDs gekauft hast.
https://www.etoro.com/de/trading/cfd/#getting_started
Dann hast du nämlich wirklich keine Aktien. (Ob das im Falle eines Quetsches einen Unterschied macht, sei mal dahingestellt)