I have been trading US shares for awhile now.Just want to give...

I have been trading US shares for awhile now.

Just want to give you guys some info and precautions.

- Many brokers that allow you to trade Nasdaq shares are operating in custody model, instead of CHESS-sponsored, which means you don't hold your shares directly and it is held by a third party.

- Due to being not CHESS sponsored and you are not the direct share holder. Some broker only has insurance up to certain amount if things go sour.

the broker I am using is called Stake. Please see their explaination below
https://***.com/au/support/wall-st/articles/35000154019

My suggestion is pick your broker carefully.

Wish you guys all the best and good luck