Step-by-step instructions on how to move stocks and ETFs out of Robinhood account into TD Ameritrade account.

How To Move Stocks Out of Robinhood to TD Ameritrade

There are many reasons why you may want to transfer your Robinhood stocks to another service, such as TD Ameritrade.

Perhaps you’ve outgrown Robinhood, which in many ways is a broker better suited for younger, less experienced investors.

Or perhaps you find yourself wanting to trade forex (foreign exchange) or mutual funds, which are unavailable on Robinhood.

Whatever your reason, our handy guide will have you switched over from Robinhood to TD Ameritrade in no time.

Open TD Ameritrade Account

$0 stock/ETF trades and a transfer fee refund.

Open TD Ameritrade Account

Using the ACAT Service

The quickest and easiest way to transfer your Robinhood account to TD Ameritrade is to take advantage of the ACAT system, an electronic service that moves securities from one broker to another. There’s no physical paperwork required, making it the easiest way to transfer your account.

Robinhood allows outbound ACAT transfers as well, so you’re in the clear if you want to use this method. You should be aware that Robinhood charges a $75 fee for ACAT transfers. If you move your account to TD Ameritrade, they will reimburse you this fee after transfer is complete and you provide a proof of the fee.

Taking the First Step

First, you need to open a brokerage account with TD Ameritrade. Just head over to the broker’s online account application page to get started. It should only take a few minutes.

Make sure that both accounts have the same name and are the same account type. For example, you can’t transfer a joint account to an individual account. This shouldn’t be an issue in this case, however, as Robinhood currently offers only individual taxable accounts.

The Next Step

Once your TD Ameritrade account is open, you can transfer your Robinhood account over. To get started, log into your TD Ameritrade account and hover over “My Account” in the top menu. In the drop-down menu that appears, click on “Account Transfer.” A new page will open with TD Ameritrade’s online account transfer form. Just click “Begin” to start the process.

How To Move Stocks Out of Robinhood

In the form that comes up, enter your Robinhood account number and account title. To find the account title, you can look at a recent Robinhood statement. The title will typically include your name and possibly a few other letters or words. Be sure to include this as well as your most recent Robinhood statement when making your transfer request.

If you select a partial transfer, you will be brought to a slightly different form. Just follow the instructions carefully and you should be done in a matter of minutes.

You won’t have to do anything with your Robinhood account during this process. Robinhood will be notified of the transfer by TD Ameritrade and send them your securities. The entire process should take no more than two weeks (and often less).

It’s advised that you refrain from trading in your Robinhood account during the transfer process. You should also ensure that all previous trades have settled before beginning the transfer application.

Open TD Ameritrade Account

$0 stock/ETF trades and a transfer fee refund.

Open TD Ameritrade Account

Don’t Forget About Cryptocurrencies

Robinhood doesn’t allow coin withdrawals (or deposits), so you will unfortunately be unable to transfer any cryptocurrencies from Robinhood to TD Ameritrade. You can choose to either keep them in a separate account (if doing a full transfer) or leave them in your Robinhood account (if doing a partial transfer).

Alternative Method

There’s a potentially cheaper method if you’d rather avoid the $75 transfer fee levied by Robinhood. You can simply sell the securities you want to move, transfer the resulting cash position to TD Ameritrade, and then re-purchase the securities you sold.

You need to keep in mind the potential tax implications of this method, though, such as capital gains taxes (short and long term).

Remember that this method will not work for cryptocurrencies, however, since TD Ameritrade doesn’t currently offer cryptocurrency trading. You could choose to sell your crypto and move the resulting cash into another investment, though.

Open TD Ameritrade Account

$0 stock/ETF trades and a transfer fee refund.

Open TD Ameritrade Account

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