Transfer my Account
ACAT Transfer Out Process
If you wish to partially or fully transfer your positions and/or funds to another brokerage account, contact Ustocktrade Support with your request.
We will send you an application to set up a temporary transfer account. Once the completed application is submitted to us, a transfer account will be opened for you with our clearing firm. This process can take between 1 to 3 business days.
When the transfer account is opened, we will send you a notification that your positions and funds will be moved at the end of the day. The ACAT transfer out fee will be charged at that time as well. Once your position/s and funds have been moved to the transfer account, they cannot be accessed until the transfer is complete. If you have requested a full account transfer, your account will be closed once the positions and funds have been moved to the transfer account*.
Once your positions and funds have been moved to the transfer account, we will provide you with the information the receiving broker will need to initiate the ACAT transfer.
*Any corporate actions or distributions that are paid within 60 days from your transfer will be credited to your Ustocktrade trading account, and promptly transferred to the transfer account to be made available for the receiving broker-dealer to transfer to your account. No membership fees will be charged to your Ustocktrade trading account during this period.
ACAT Transfer Out Fee
Partial or full transfers will cost $75. The fee will be deducted from your Ustocktrade fund balance at the time your positions and funds are moved to the transfer account.