Shares transfer from II to Interactive Investor

Broker FAQ 📈
,
1

I have a GIA / trading account with Interactive Investor. Considering transferring to Interactive Brokers.

Is this a straightforward process / how does it work?

Googling I can only find info on transferring the opposite way.

Thanks in advance.

2

Hi there,

thank you for your email. First of all, we have experience with account transfer from DEGIRO to Interactive Brokers. That process was not so easy and user-friendly. We saw that this process is not easy for most brokers.

The process at DEGIRO to IBKR transfer looked as the following:

  • Sent an outgoing transfer form to DEGIRO on email. There was a €20 per position fee charged here. This part is different at Interactive Investor I think, you might send a different form.

  • Open an Interactive Brokers Account and go “Transfer & Pay” section and select “Transfer Positions”, as screenshot below
    image

  • Select “All Other region” as a region

    image
    image1264×404 32.8 KB

  • You will get a quick overview of the process. Click on “Select”

    image
    image1270×518 51.3 KB

  • Then add “Interactive Investor” and add your account details.

    image
    image1314×750 46.5 KB

  • Upload a CSV with your assets or add them manually.

    image
    image1297×459 39.1 KB

  • Lastly, click on “Continue”

After this, the process can take a few days or a few weeks. We had some issues and it took almost 1 month with a lot of email discussions with IBKR and DEGIRO.

I haven’t found any info on what form you should submit to Interactive Investor, so I’d recommend sending a secure message to them to ask it.

If you have any further questions, let me know.

Best,
Adam