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Written by Taylor Danielle on December 5, 2023
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How To Transfer From Interactive Brokers To Robinhood 2023

If you're looking to transfer your assets from IBKR (Interactive Brokers) 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.

Robinhood Transfer Bonus

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

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

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Transfer Fees

Good news! Interactive Brokers doesn't charge any fees to transfer your brokerage account in or out.

Robinhood doesn't charge anything on the receiving side either.

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 IBKR

interactive broker logo

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

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

Transfer brokerage to Robinhood

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 Interactive Brokers by typing it in the search bar
  6. Enter in your IBKR account number
  7. Confirm your account name
  8. Answer whether or not your Interactive Brokers account has mutual funds or bonds
  9. Choose full or partial transfer
  10. Review the transfer and submit
Article written by Taylor Danielle

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Power Your Investing

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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.

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