Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Taylor Danielle on October 9, 2023
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How To Transfer From Firstrade To Interactive Brokers 2023

Interactive Brokers is a well-established brokerage firm known for its comprehensive suite of trading tools and access to global financial markets.

If you're currently with Firstrade but wish to make the move to Interactive Brokers without liquidating your existing stocks and ETFs, you're in luck.

In this article, we will guide you through the process of transferring your assets seamlessly.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull LogoEarn Up To 70 Free Fractional SharesClaim Bonus
Moomoo Logo5 Free Stocks When You Deposit $100+Claim Bonus
Acorns Logo$20 Bonus When You Invest $5+Claim Bonus

Step 1: Open an Interactive Brokers Account

The first step in transferring your assets from Firstrade to Interactive Brokers is to open an account with Interactive Brokers if you haven't already.

To do this, visit the Interactive Brokers website and follow their account opening procedure, which typically involves providing personal information, verifying your identity, and agreeing to the terms and conditions.

Learn more about Interactive Brokers here!

Step 2: Access the Transfer & Pay Section

Once you've successfully opened your Interactive Brokers account, log in to your account dashboard.

From the top menu, navigate to the "Transfer & Pay" section. This is where you'll initiate the process of moving your assets from Firstrade.

Step 3: Choose "Transfer Positions"

Within the "Transfer & Pay" section, you'll find a menu with various options.

Look for and select "Transfer Positions."

This is the key step that will allow you to start the asset transfer process.

Step 4: Select Your Broker (Firstrade)

In the "Transfer Positions" menu, you'll be presented with a list of popular brokers.

Scroll through the list and locate Firstrade.

Interactive Brokers Transfer

If you don't see Firstrade listed, don't worry; there should be a drop-down menu or an option to search for more brokers.

Select Firstrade from the available options.

Step 5: Provide Your Firstrade Account Number

To initiate the transfer, you'll need to input your Firstrade account number.

You can find this information on your Firstrade account statements.

Double-check the accuracy of the account number to ensure a smooth transfer process.

Step 6: Be Aware of Transfer Fees

Before finalizing the transfer, it's crucial to be aware of the fees associated with the process.

Firstrade utilizes Apex Clearing for their clearing services, and they charge a fee for transferring assets.

Specifically, there is a $55 fee for partial transfers and a $75 fee for full ACAT (Automated Customer Account Transfer) transfers.

Ensure you have the necessary funds available in your Firstrade account's cash balance to cover these fees.

Article written by Taylor Danielle

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram