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Written by Ryan Scribner on January 16, 2024
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How To Transfer From Merrill Edge To Interactive Brokers 2024

If you're considering transferring from Merrill Edge to Interactive Brokers, you're in the right place.

In this article, we will guide you through the process step by step, ensuring a smooth transition without the need to sell your stocks or ETFs.

It's important to be aware that Merrill Edge charges a $49.95 fee for a full transfer-out of your account to another broker.

Make sure you have sufficient funds or assets in your Merrill Edge account to cover this fee.

Check out my video on how to transfer your brokerage account below, let's dive in!

What is Interactive Brokers?

interactive broker logo

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!

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

Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
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Moomoo Logo5 Free Stocks When You Deposit $100+Learn More
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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.

  1. Once you have your Interactive Brokers account set up, log in to your account.
  2. In the top menu, hover your cursor over "Transfer & Pay."
  3. A dropdown menu will appear, and from this menu, select "Transfer Positions."

2. Choose Transfer Positions

In the dropdown menu that appears under "Transfer & Pay," select "Transfer Positions."

This is the option you'll use to initiate the transfer of your assets from Merrill Edge.

In the next window, you'll see a list of popular brokers.

Interactive Brokers Transfer

If you don't find Merrill Edge listed, use the drop-down menu to access more options.

3. Enter Account Number

You'll be prompted to input your account number from Merrill Edge, which can typically be found on your account statements or online account portal.

Ensure that the information is accurate to facilitate a seamless transfer.

Before finalizing the transfer, review all the details you've provided to ensure accuracy. Double-check your account numbers and contact information.

Once you're confident that all the information is correct, initiate the transfer.

Interactive Brokers will handle the process from here and keep you updated on the status of the transfer.

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 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.
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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.
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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.
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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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