If you're looking to move your investments from TD Ameritrade to Interactive Brokers, you've come to the right place.
In this article, we'll walk you through the steps to transfer your assets without the need to sell your stocks or ETFs and move to cash.
It's important to be aware of the fees associated with the transfer.
TD Ameritrade charges a $75 fee for an outgoing Automated Account Transfer Service (ACATS).
Check out my video on how to transfer your brokerage account below, let's dive in!
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Whether you're an experienced trader or a novice investor, Interactive Brokers offers a platform with many options.
Learn more about Interactive Brokers here!
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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.
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 TD.
In the next window, you'll see a list of popular brokers.
If you don't find TD Ameritrade listed, use the drop-down menu to access more options.
You'll be prompted to input your TD Ameritrade account number. You can find this number on your TD Ameritrade account statements.
Here's another way to locate your TD Account Number: