{"id":126054,"date":"2023-10-22T10:58:21","date_gmt":"2023-10-22T10:58:21","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/"},"modified":"2023-10-22T10:58:21","modified_gmt":"2023-10-22T10:58:21","slug":"can-i-move-my-shares-from-robinhood-to-another-broker","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/","title":{"rendered":"Can I move my shares from Robinhood to another broker?"},"content":{"rendered":"<p>Yes, you can definitely move your shares from Robinhood to another broker. While Robinhood offers a user-friendly interface and commission-free trading, there are reasons why you may want to transfer your holdings to another brokerage platform. Whether it is for more advanced trading tools, better customer service, or a wider range of investment options, transferring your shares to another broker is a straightforward process.<\/p>\n<p>Here are some frequently asked questions related to moving shares from Robinhood to another broker:<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#1_How_do_I_transfer_my_shares_from_Robinhood_to_another_broker\" title=\"1. How do I transfer my shares from Robinhood to another broker?\">1. How do I transfer my shares from Robinhood to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#2_Are_there_any_fees_associated_with_transferring_shares_from_Robinhood\" title=\"2. Are there any fees associated with transferring shares from Robinhood?\">2. Are there any fees associated with transferring shares from Robinhood?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#3_How_long_does_it_take_to_transfer_shares_from_Robinhood_to_another_broker\" title=\"3. How long does it take to transfer shares from Robinhood to another broker?\">3. How long does it take to transfer shares from Robinhood to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#4_Can_I_transfer_fractional_shares_from_Robinhood_to_another_broker\" title=\"4. Can I transfer fractional shares from Robinhood to another broker?\">4. Can I transfer fractional shares from Robinhood to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#5_Will_I_incur_any_tax_consequences_when_transferring_shares_from_Robinhood\" title=\"5. Will I incur any tax consequences when transferring shares from Robinhood?\">5. Will I incur any tax consequences when transferring shares from Robinhood?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#6_Can_I_transfer_all_types_of_securities_from_Robinhood_to_another_broker\" title=\"6. Can I transfer all types of securities from Robinhood to another broker?\">6. Can I transfer all types of securities from Robinhood to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#7_Do_I_need_to_close_my_Robinhood_account_after_transferring_shares\" title=\"7. Do I need to close my Robinhood account after transferring shares?\">7. Do I need to close my Robinhood account after transferring shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#8_Can_I_transfer_my_entire_portfolio_from_Robinhood_to_another_broker\" title=\"8. Can I transfer my entire portfolio from Robinhood to another broker?\">8. Can I transfer my entire portfolio from Robinhood to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#9_Do_I_need_to_notify_Robinhood_before_initiating_a_transfer_to_another_broker\" title=\"9. Do I need to notify Robinhood before initiating a transfer to another broker?\">9. Do I need to notify Robinhood before initiating a transfer to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#10_Can_I_transfer_shares_to_multiple_brokers_from_Robinhood\" title=\"10. Can I transfer shares to multiple brokers from Robinhood?\">10. Can I transfer shares to multiple brokers from Robinhood?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#11_Will_my_cost_basis_transfer_along_with_my_shares_to_another_broker\" title=\"11. Will my cost basis transfer along with my shares to another broker?\">11. Will my cost basis transfer along with my shares to another broker?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#12_Is_there_a_limit_to_how_many_times_I_can_transfer_shares_from_Robinhood_to_another_broker\" title=\"12. Is there a limit to how many times I can transfer shares from Robinhood to another broker?\">12. Is there a limit to how many times I can transfer shares from Robinhood to another broker?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"1_How_do_I_transfer_my_shares_from_Robinhood_to_another_broker\"><\/span>1. How do I transfer my shares from Robinhood to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTo transfer your shares from Robinhood to another broker, you will need to initiate an ACAT transfer. This process involves filling out a transfer form with your new broker, providing details of the assets you wish to transfer from Robinhood.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Are_there_any_fees_associated_with_transferring_shares_from_Robinhood\"><\/span>2. Are there any fees associated with transferring shares from Robinhood?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile Robinhood does not charge any fees for outgoing ACAT transfers, your new broker may charge an incoming transfer fee. It is recommended to check with your new broker for any potential fees before initiating the transfer.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_How_long_does_it_take_to_transfer_shares_from_Robinhood_to_another_broker\"><\/span>3. How long does it take to transfer shares from Robinhood to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe transfer process typically takes around 4-6 business days, depending on the receiving broker. It is important to note that market conditions and the complexity of the holdings being transferred can impact the timeline.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_I_transfer_fractional_shares_from_Robinhood_to_another_broker\"><\/span>4. Can I transfer fractional shares from Robinhood to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can transfer fractional shares from Robinhood to another broker through an ACAT transfer. However, not all brokers support the transfer of fractional shares, so it is advisable to check with your new broker beforehand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Will_I_incur_any_tax_consequences_when_transferring_shares_from_Robinhood\"><\/span>5. Will I incur any tax consequences when transferring shares from Robinhood?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTransferring shares from Robinhood to another broker via ACAT transfer is considered a non-taxable event. This means that you will not realize any capital gains or losses as a result of the transfer.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Can_I_transfer_all_types_of_securities_from_Robinhood_to_another_broker\"><\/span>6. Can I transfer all types of securities from Robinhood to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nMost commonly traded securities, such as stocks, ETFs, options, and mutual funds, can be transferred from Robinhood to another broker. However, certain securities may not be eligible for transfer, so it is recommended to check with your new broker.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Do_I_need_to_close_my_Robinhood_account_after_transferring_shares\"><\/span>7. Do I need to close my Robinhood account after transferring shares?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou are not required to close your Robinhood account after transferring shares to another broker. However, if you no longer intend to use your Robinhood account, you may choose to close it to avoid any inactivity fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_I_transfer_my_entire_portfolio_from_Robinhood_to_another_broker\"><\/span>8. Can I transfer my entire portfolio from Robinhood to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can transfer your entire portfolio from Robinhood to another broker via ACAT transfer. This includes all your holdings, cash balance, and any open orders that you may have on Robinhood.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Do_I_need_to_notify_Robinhood_before_initiating_a_transfer_to_another_broker\"><\/span>9. Do I need to notify Robinhood before initiating a transfer to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile it is not mandatory to notify Robinhood before initiating a transfer to another broker, it is recommended to check with Robinhood&#8217;s customer support for any specific requirements or procedures related to the transfer process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_transfer_shares_to_multiple_brokers_from_Robinhood\"><\/span>10. Can I transfer shares to multiple brokers from Robinhood?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou can transfer shares from Robinhood to multiple brokers; however, this process must be done separately for each brokerage account. Keep in mind that each ACAT transfer may have its own set of requirements and fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Will_my_cost_basis_transfer_along_with_my_shares_to_another_broker\"><\/span>11. Will my cost basis transfer along with my shares to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, your cost basis information for each security will transfer along with your shares to another broker. This allows you to maintain accurate records of your investments and tax obligations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Is_there_a_limit_to_how_many_times_I_can_transfer_shares_from_Robinhood_to_another_broker\"><\/span>12. Is there a limit to how many times I can transfer shares from Robinhood to another broker?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere are no restrictions on how many times you can transfer shares from Robinhood to another broker. Whether you want to switch brokers for better services or diversify your investment holdings, you can initiate transfers as needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, you can definitely move your shares from Robinhood to another broker. While Robinhood offers a user-friendly interface and commission-free trading, there are reasons why you may want to transfer your holdings to another brokerage platform. Whether it is for more advanced trading tools, better customer service, or a wider range of investment options, transferring &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Can I move my shares from Robinhood to another broker?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#more-126054\">Read more<span class=\"screen-reader-text\">Can I move my shares from Robinhood to another broker?<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-126054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can I move my shares from Robinhood to another broker?<\/title>\n<meta name=\"description\" content=\"Yes, you can definitely move your shares from Robinhood to another broker. 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While Robinhood offers a user-friendly interface and commission-free trading,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synchronyfinancial\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-22T10:58:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2020\/07\/namso-gen-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"164\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Hal Cahill\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synchrony\" \/>\n<meta name=\"twitter:site\" content=\"@synchrony\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hal Cahill\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/\"},\"author\":{\"name\":\"Hal Cahill\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/6c9c3448854f7f95d7b3cea6981dff13\"},\"headline\":\"Can I move my shares from Robinhood to another broker?\",\"datePublished\":\"2023-10-22T10:58:21+00:00\",\"dateModified\":\"2023-10-22T10:58:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/\"},\"wordCount\":655,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"articleSection\":[\"Learn\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/can-i-move-my-shares-from-robinhood-to-another-broker\/\",\"name\":\"Can I move my shares from Robinhood to another broker?\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\"},\"datePublished\":\"2023-10-22T10:58:21+00:00\",\"dateModified\":\"2023-10-22T10:58:21+00:00\",\"description\":\"Yes, you can definitely move your shares from Robinhood to another broker. 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