How to Transfer Your TD Ameritrade Stock Positions to Interactive Brokers.

After TD Ameritrade announced that they would only be accepting Accredited Investors (A.I.) in a swift announcement, TD Ameritrade users have been trying to make sense of this news and thinking about their alternatives.

It is still less clear why TD Ameritrade made that decision but TDA seem to have updated Charles Schwab, which completed the acquisition of TD Ameritrade in 2020, is not allowed to operate in Singapore and hence TD Ameritrade will cease their Singapore regulations. Thus, they can only serve the A.I. investors.

This likely means that existing broker platforms are less affected.

Easiest Method to Move Your TD Ameritrade Stock Positions to Interactive Brokers

Most TD Ameritrade customer are moving their stocks to Interactive Brokers.

Interactive Brokers allows you to trade different securities, across different markets, is financially strong, has been operating for a long time, and able to let you do the trades you do on TD Ameritrade.

For more information about Interactive Brokers, you can check out the set of articles at the end of this article.

What to do to still make use of TD Ameritrade’s Features

The reason why many options trades teach their students on TD Ameritrade is due to some of the options features, such as their screeners, indicators and options chains.

If you would like to continue to use those features, leave a share of a particular stock and have $0 cash holdings in your TD Ameritrade account.

In that way, you will not be charged a recurring US$50 fee for using the platform and can continue to use the features.

This means you should not transfer all your shares away.

Transfer Your Shares Using the Automated Client Account Transfer System (ACAT) to Interactive Brokers

The most prevalent way to transfer out your shares is to initiate an ACAT transfer from a compliant broker.

An ACAT transfer will typically incur charges but TD Ameritrade will waive the transfer or wire fees up to 31st December 2023 if you transfer the entire account.

This runs counterintuitive with the advice in the previous section but it means that if you wish to use those features on TD Ameritrade, you might need to incur this transfer fee.

You can read about what is an Automated Customer Account Transfer Service (ACATS) here.

To start, initiate the transfer from the receiving broker, and in this case, Interactive Brokers.

If you do not have an account, you can sign up for Interactive Brokers first.

Then you can initiate an ACAT transfer on Interactive Brokers. More information on the transfer process can be found here.

During the transfer instructions, you will face a choice of where is your TD account, whether it is in the US or other regions, select US for ACATS.

My Comprehensive Interactive Brokers How-to Guides

Interactive Brokers is a great low-cost, financially strong brokerage platform that can be the standard broker for holding your long-term investments. You can access 150 global exchanges, including exchanges such as Singapore, the US, Hong Kong, London, European and Canada.

You will enjoy cheap commissions and zero minimum recurring platform fees or maintenance fees. Convert your funds to different currencies at near-spot rates, paying a flat US$2 fee.

To get started or become familiar with Interactive Brokers, check out my past articles on how to invest with Interactive Brokers. I hope the guides make your life and investing experience easier and brighter.

An Easy Step-By-Step Guide to Setup Interactive Brokers (IBKR)

How to Fund & Withdraw Funds from Your Interactive Brokers Account

How to Convert Currencies in Interactive Brokers

How to Buy and Sell Stocks and Securities on Interactive Brokers

How Competitive are Interactive Brokers Commissions Pricing?

How Safe is it to Custodized Your Money at Interactive Brokers? The things they do better than other brokers.

How Safe is it to Custodized Your Money at Interactive Brokers (2)? Financial strength of IB during recent banking crisis and during Great Financial Crisis

Interactive Brokers have Eliminated the US$10 monthly inactivity fee. More details here.

How to Transfer your shares from Standard Chartered Online Trading to Interactive Brokers

How to trade after-hours and premarket

Create Customized Reports and automatically send them to your email

What is the PortfolioAnalyst Report and Automatically Send the PortfolioAnalyst Report to Your Email

Send Money from TransferWise to Interactive Brokers

Interactive Brokers’ Fluid Interest Income on Cash

Introducing IMPACT by Interactive Brokers