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Written by Ryan Scribner on December 5, 2023
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How To Transfer From Interactive Brokers To Robinhood 2024

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.

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.

Robinhood IRA Boost

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

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo5 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

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 Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money.

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
Robinhood provides an easy-to-use commission free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below. Limitations Apply.
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
Fundrise
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
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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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