Robinhood has become synonymous with commission-free stock trading and user-friendly interfaces.
With its easy-to-navigate mobile app and web platform, it has captured the attention of many investors looking for simplicity.
If you're considering making the move from TradeStation to Robinhood, this guide will walk you through the process step-by-step.
TradeStation charges $125 for outgoing account transfers, so be prepared for this cost.
Check out my video on how to transfer your brokerage account below, let's dive in!
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.
Here's what you need to know:
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.
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!
In order to initiate a transfer of assets, you will need your TradeStation account number.
This is found on your TradeStation monthly statement.
Be sure to retrieve a digital copy of this before continuing.
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.
You can execute the transfer with the steps below:
