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Written by Taylor Danielle on October 1, 2023
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How To Transfer From TradeStation To Interactive Brokers 2023

Switching brokerage accounts can be a strategic move for many.

Whatever your reason is for making the switch, transferring your assets from one brokerage to another can be a seamless process if done correctly.

In this article, we'll guide you through the steps to transfer your assets from TradeStation to Interactive Brokers without the need to sell your stocks or ETFs.

What is Interactive Brokers?

Interactive Brokers (IBKR) is a well-established and reputable brokerage firm known for its advanced trading platform and competitive pricing.

With a wide range of financial products and services, it's a preferred choice for many.

Learn more about Interactive Brokers here!

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Transferring Assets Without Selling

One of the key benefits of transferring assets between brokerage accounts is the ability to move your investments without liquidating them, thereby avoiding potential tax consequences and market timing risks.

Here's a step-by-step guide on how to transfer your assets from TradeStation to Interactive Brokers while keeping your existing positions.

1. Open an Interactive Brokers Account

Before initiating the transfer, you'll need to have an Interactive Brokers account.

If you don't have one, you can easily open an account on their website.

2. Access the Transfer & Pay Menu

Once your Interactive Brokers account is set up and you're logged in, hover over the "Transfer & Pay" option in the top menu.

This will lead you to a submenu of various transfer and payment-related options.

3. Choose "Transfer Positions"

From the submenu, select the "Transfer Positions" option.

This is the step where you'll initiate the asset transfer from TradeStation to Interactive Brokers.

4. Select TradeStation as the Source Broker

In the "Transfer Positions" section, you'll see a list of popular brokerage firms.

Among these options, you should find "TradeStation."

Interactive Brokers Transfer

However, if you don't see TradeStation listed, you can use the drop-down menu to explore more brokerage options.

5. Input Your TradeStation Account Number

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

You can typically find this information on your TradeStation account statements or within your TradeStation account dashboard.

6. Review Transfer Costs

It's important to note that TradeStation charges a fee for outgoing ACAT (Automated Customer Account Transfer) transfers.

This fee amounts to $125.

Be sure to review and confirm the associated costs for transferring your assets from TradeStation to Interactive Brokers.

7. Complete the Transfer Request

Once you've entered your TradeStation account number and reviewed the associated fees, follow the on-screen prompts to complete the transfer request.

Interactive Brokers will guide you through the process and provide any additional information or documentation required.

Conclusion

Transferring your assets from TradeStation to Interactive Brokers can be a straightforward process.

Article written by Taylor Danielle

Read more

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