How To Transfer From Firstrade To Robinhood 2023

If you're looking to transfer your assets from Firstrade to Robinhood, here is our step by step guide.

This is possible through the ACATS transfer service.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through January 31st, 2024, you can get an Unlimited 1% Transfer Bonus.

For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.

• Claim 1% Bonus: Click Here To Learn More!
  
• Learn more about Robinhood here!

In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth $5 To $200	Claim Bonus
	Earn Up To 70 Free Fractional Shares	Claim Bonus
	5 Free Stocks When You Deposit $100+	Claim Bonus
	$20 Bonus When You Invest $5+	Claim Bonus

Transfer Fees

Be aware that Apex Clearing (Firstrade's Clearing House) will charge a $55 Partial Transfer fee and $75 Full ACAT Transfer fee.

Robinhood doesn't charge anything on the receiving side.

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 Firstrade

In order to initiate the transfer, you need your Firstrade account number.

This is visible on your statement sent monthly. You can also locate this by logging in to your Firstrade account.

3. Initiate The 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.

You can execute the transfer with the steps below:

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