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 2, 2023
Category: 
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How To Transfer From M1 Finance To Interactive Brokers 2023

Migrating your investment portfolio from one brokerage platform to another can seem like a daunting task, but it doesn't have to be.

If you're looking to transfer your assets from M1 Finance to Interactive Brokers, this article will guide you through the process step by step.

What is Interactive Brokers?

Interactive Brokers is a popular brokerage firm known for its advanced trading tools, a wide range of investment products, and competitive fees.

Whether you're an experienced trader or a novice investor, Interactive Brokers offers a platform with many options.

Learn more about Interactive Brokers here!

Best Free Stock Promotions

BrokeragePromotionLink
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

Transferring Assets without Selling

One of the key advantages of transferring your assets is that you can do so without selling your existing stocks or ETFs.

This means you can seamlessly transition your investment portfolio while preserving your current positions and avoiding any tax implications associated with selling.

1. Open an Interactive Brokers Account

If you don't already have an Interactive Brokers account, the first step is to open one.

Visit the Interactive Brokers website and follow their account opening process, which typically includes providing personal information.

2. Access the Transfer & Pay Section

Once you have your Interactive Brokers account set up, log in to your account.

In the top menu, hover your cursor over "Transfer & Pay."

A dropdown menu will appear, and from this menu, select "Transfer Positions."

3. Select M1 Finance as Your Broker

On the "Transfer Positions" page, you'll find a list of popular brokers.

Scroll through this list and select "M1 Finance" as your current brokerage platform.

Interactive Brokers Transfer

If you don't see M1 Finance listed, you can use the dropdown option to access more broker options.

4. Enter Your M1 Finance Account Number

To initiate the transfer, you'll need to provide your M1 Finance account number.

You can typically find this number on your account statements or within your M1 Finance account dashboard.

5. Review Transfer Fees

It's essential to be aware of any fees associated with transferring your assets.

M1 Finance charges a $100 account transfer (ACAT) fee for all outgoing transfers, including partial and full account transfers.

Take this fee into consideration when planning your transfer.

6. Complete the Transfer Request

After entering your account number and confirming the transfer fee, follow the on-screen instructions to complete your transfer request.

You may be required to verify your identity and provide additional details to ensure a smooth transfer process.

7. Monitor the Transfer Progress

Once you've initiated the transfer, Interactive Brokers will begin the process of moving your assets from M1 Finance.

You can monitor the progress of your transfer through your Interactive Brokers account.

Conclusion

Transferring your assets from M1 Finance to Interactive Brokers can be simple.

By following the step-by-step guide outlined above, you can navigate the transfer process seamlessly.

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
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
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
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 Cognitiveâ„¢
magnifiermenuchevron-downcross-circlechevron-down-circle

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.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram