If you're considering moving your investments from Webull to Interactive Brokers, you're in the right place.
In this article, we'll guide you through the process of making a seamless transfer while avoiding the need to sell your stocks or ETFs.
It's important to note that Webull charges a $75 fee for an outgoing Automated Account Transfer Service (ACATS) transfer.
This fee is assessed by Apex, Webull's clearing agent. Be prepared to cover this cost as part of the transfer process.
Check out my video on how to transfer your brokerage account below, let's dive in!
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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 Webull.
In the next window, you'll see a list of popular brokers.
If you don't find Webull listed, use the drop-down menu to access more options.
You'll need to provide your Webull account number to initiate the transfer. This information can typically be found on your Webull account statement.
Here's an alternate method for finding your Webull account number:
Review all the details you've entered to ensure accuracy. Once you're satisfied, confirm the transfer.
Interactive Brokers will keep you updated on the progress of your transfer.
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