How To Transfer From Fidelity To Robinhood 2024

Robinhood is a new age commission-free stock trading app with a sleek user interface.

Fidelity, on the other hand, is one of the most well known financial institutions in the world.

If you're looking to transfer your brokerage account from Fidelity to Robinhood, here's how.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

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:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

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.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 75 Free Fractional Shares	Learn More
	7 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

Transfer From Fidelity To Robinhood

Robinhood allows users to transfer in eligible assets through the Automated Customer Account Transfer Service knowns as ACATS.

Fidelity doesn't charge any fees to transfer out your brokerage account.

Transferrable Assets

The following assets can be transferred over from Fidelity to Robinhood:

• Stocks
• ETFs
• Options contracts that do not expire within 7 business days
• Uninvested cash balances
• Margin balances, assuming you open a margin account with Robinhood

Non-Transferrable Assets

Unfortunately, these assets are not supported by Robinhood:

• Fractional shares
• Cryptocurrencies (with the new crypto wallet in Robinhood, you can transfer cryptocurrency, though that is a separate process from an ACATS transfer)
• Options contracts expiring within 7 days
• Unsupported options strategies
• Mutual funds
• Bonds
• Futures
• Annuities

1. Open A Robinhood Account

The first step you need to take is setting up your new brokerage account with Robinhood.

If you already have an account with Robinhood, you can move on to the next step.

Use the button above to get a completely free stock when you sign up!

2. Gather Information From Fidelity

In order to transfer your account from Fidelity to Robinhood, you will need your Fidelity account number. 

This is available by logging into your account. After you log in, you will be able to see your account number underneath the title of the account.

For example, if you have an individual brokerage account, you will see your account number underneath "Individual."

3. Initiate Transfer

Once you have opened a brokerage account with Robinhood, the next step is to initiate the transfer within Robinhood. This is only possible via the Robinhood app, so you will want to download this onto your phone.

If you already have a Robinhood account, then you can follow the steps below to transfer your account:

1. Tap the person icon along the bottom navigation menu in the Robinhood app
2. Tap the three lines icon in the top left
3. Select "Transfers"
4. Choose "Transfer accounts into Robinhood"
5. Select Fidelity by typing it in the search bar
6. Enter in your Fidelity account number you located in the previous step
7. Confirm your account name
8. Answer whether or not your Fidelity account has mutual funds or bonds
9. Choose full or partial transfer
10. Review the transfer and submit