If you're looking to move your investments from Fidelity to Interactive Brokers, you've come to the right place.
In this article, we'll walk you through the steps to transfer your assets without the need to sell your stocks or ETFs and move to cash.
One important point to note is that Fidelity Investments does not charge a fee for Automated Account Transfer Service (ACATS).
This includes both full and partial account transfers, as well as transfers involving IRA accounts.
This makes the transfer process cost-effective for investors looking to make the switch to Interactive Brokers - or a different brokerage account.
Check out my video on how to transfer your brokerage account below, let's dive in!
Interactive Brokers is a popular brokerage firm known for its advanced trading tools, a wide range of investment products, and competitive fees.
Whether you're an experienced trader or a novice investor, Interactive Brokers offers a platform with many options.
Learn more about Interactive Brokers here!
Robinhood is a popular "all-in-one" investing app.
While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.
Introducing Robinhood Retirement; home of the biggest IRA match on the market.
Here's what you need to know:
And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.
Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.
If you don't already have an Interactive Brokers account, the first step is to open one.
Visit the Interactive Brokers website and follow their account opening process, which typically includes providing personal information.
In the dropdown menu that appears under "Transfer & Pay," select "Transfer Positions."
This is the option you'll use to initiate the transfer of your assets from Fidelity.
In the next window, you'll see a list of popular brokers.
If you don't find Fidelity listed, use the drop-down menu to access more options.
To initiate the transfer, you'll need to provide your Fidelity account number.
You can find this information on your Fidelity account statements.
Here's how to retrieve a copy of your most recent Fidelity statement:
