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.
If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.
For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.
In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.
Robinhood is a user-friendly, commission-free trading platform that has revolutionized the way people invest in stocks, ETFs, options, and cryptocurrencies.
Now, let's explore how you can smoothly transfer your assets from TradeStation to Robinhood.
Robinhood offers new users a completely free fractional share worth between $5 and $200.
Sign up with the above button to get your free fractional share today!
If you haven't already, sign up for a Robinhood account.
The process is quick and straightforward.
Once your Robinhood account is set up, open the app on your mobile device and locate the Profile Icon.
This icon is usually located in the bottom right-hand corner of the screen.
Within your profile, you'll find a Menu Bar.
Click on it to access various options.
In the Menu Bar, locate and select the "Transfers" option.
Select "Transfers Account Into Robinhood."
Within the "Transfers" menu, choose the "Transfers Account Into Robinhood" option.
You will be prompted to select your current brokerage account. You can either select it from a list or use the search function to find it.
Enter your current brokerage account number found on your statement.
Double-check for accuracy.
Verify that the name on your TradeStation account matches the name on your Robinhood account. This step ensures a smooth transfer.
Robinhood will likely ask you a series of questions to ensure that the transfer process goes smoothly.
You have the option to transfer your entire account or select specific assets for transfer.
Choose "Full" or "Partial" depending on your preference.