I was at the phone with one of the representatives just now. I have asked him ii could transfer or register shares via computershare. Of course he said no but also he said if enough people will request it, this can me done. To my little understanding he was a little nervous about gme, not "understanding" at first. For me they know very well what's happening and are afraid af. So call/write to etoro and let's push them for a share transfer
Edit 1: some apes pointed out that their only proof of holding your shares is the link to your portfolio. But there is more. Someone asked if the buying shares on etoro affects its price. For this question nobody answered or avoided the question... for me this is ridiculous. I will write to the regulatory body of my country to dig deeper
Edit 2: https://www.reddit.com/r/Superstonk/comments/q8lhnh/i_think_ive_pushed_etoro_so_hard_for_answers_they/?utm_medium=android_app&utm_source=share
This guy had a similar call and had some ingeresting conclusion, check him out
Edit 3: https://www.reddit.com/r/Superstonk/comments/q8rvdj/urgent_get_out_etoro_they_hold_nothing_but_air/?utm_medium=android_app&utm_source=share
This is a chat where they cannot prove share ownership... no fomo guys, no urgency but keep this in mind and do what is the best for you
Edit 4: https://www.reddit.com/r/Superstonk/comments/q8n0xw/morning_etoros_apes_looks_like_fosuk_is_the_way/?utm_medium=android_app&utm_source=share
Somebody send them this email saying that he/she will do a complain to a regulatory body if etoro wont allow dsr
So you bunch of fuckin retards been seeing alot of people be fearful about share ownership and liquidity since this whole com poo chair DRS hype has started so let me try to clear up how etoro works from what I've read
Owner ship
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 a segregated omnibus 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
They let us vote, and sent off the count, so you would put two an two together and say yes they do own/ Aquire the shares, that we purchase, this is how the agreement works.
Shitty we can't transfer yes. But I believe etoro has a big place in the markets post moass. How much will they make off the spred??? (Why would they turn off the sell?) And remember fidelity is keen on etoros ipo so if that outstanding company wants business with etoro then yes I remain bullish. Some brokers will make so much money off moass.
Then it comes down to liquidity oh liquidity liquidity liquidity.
This is where I see most people's fear or lack of understanding, so hopefully I can clear the air. My understanding around liquidity and why I'm not fearful of yoloing into etoro
What I've understood about liquidity, I can see us not having a issue selling becacuse in my understanding liquidity problem only comes into play when users a buying while the price rises quickly (like in Jan, from 60 to 340 in two days). Because then the broker has to front collateral until the transaction clears, at t+2. So too much money is ties up during those transactions.
Now in the moass, it's not retail buying, it's the hedge funds being force bought in from their prime brokerage.
And selling is easy and doesn't require collateral on the selling brokers behalf.
So Etoro will not be in trouble when the moass happens, quite the opposite. In March 2021 etoro announced they have 20 million users. According to their web, there are 5.59% (1.1m) of their users invested in GME, Number of users is most likely higher months later but there was no formal announcement. So when the moass happens the DTC or the prime brokerages of the hedge funds will have to transfer billions to them for the shares we will be selling.
Remember stay vigilant I browse reddit every day & etoro social and honeslty the amount of foolish
... keep reading on reddit ➡
hey, african january ape who got fudded to the bones because I can't transfer or buy share directly from the computershare, BECAUSE ETORO; the moass look more imminent than ever with the 799k volume in the last trading day, I can't afford to miss moass, and I have got no other option. can you guys reaffirm my shaky ass right now?
i got an email today from Etoro, which is a brokerage platform that allows people to post on a social media type feed on different stocks. The email emphasised its terms of services and highlighted market manipulation, if you are telling people to buy or hold or do anything to pump a stock your account will be terminated. PLEASE make sure you havent been telling people to buy on the AMC/GME feed on eToro. If you have, then PLEASE delete those posts. Don't let them deactivate you before MOASS!!!!!!
https://preview.redd.it/gjfcu84q6ap71.png?width=1466&format=png&auto=webp&s=fcab8b323be1a9b9eec82c39cd4dc34d997549f1
eToro is a trading platform. It is not an exchange. You cannot withdraw any SHIB. You never actually own any SHIB. If 10 million people buy SHIB on eToro it will not pump the price at all. If a large amount of those 10 million decide to actually buy it on an exchange outside of eToro then yes, it will pump the price.
Hi, I've a demo account on eToro. I can trade/invest in ETFs such as VOO. But since I'm living in Ireland I should not have access to VOO. Since 2019, there are restrictions on US ETFs for people living in Ireland. Other blockers like Degiro don't offer VOO but European equivalent live VUSA. So my questions are why I don't see VUSA in eToro and why do I see VOO? Is it because I'm using a demo account? (knowing that eToro knows I'm from Ireland)
Can you tell me why you use or prefer etoro over other platforms. Or why you don't. Looking to get into stocks for some long term holds. Not sure which platform to use. Tia
I've been seeing a lot of posts speculating on the actual number of people investing in GME on Etoro. Etoro shows a public percentage of 6.7% of investors with GME position. What isn't clear however is how Etoro defines an 'investor'. It most likely means a user who has funded their account as they wouldn't really be an investor without investing any money. Anyways there is an actual number on Etoro that any user with a GME position can view:
https://preview.redd.it/npex2njq7j271.png?width=584&format=png&auto=webp&s=8f3ac0bff35ec686c7e54e351f6a3083e74b862c
Etoro apes can see this by going to their profile and sorting by trades.
Hopefully this will put and end to all the speculation and Etoro talk on here
It's framed as market orders being closed out of trading hours, or if trading has halted.
But near the end they talk about low liquidity and high volatility just to make sure that they included it.
BULLISH..
Edit - ignore the bottom, it's just a rehash of how copy-trading works (an etoro function where you can copy the trades of more experienced people)
