Enter an FOP Position Transfer

Instructions

  1. Click Transfer & Pay Transfer > Transfer Positions.

    • Alternatively, click Menu in the top left corner > Transfer & Pay > Transfer Positions

  2. If you have multiple accounts or account partitions, or if you have a master account and you manage one or more client or sub accounts, the Account Selector opens. Select the account you want to use for this transaction, or use the search function in the Account Selector to find the desired account. Click Continue to submit your account selection and close the Account Selector.

    The select account panel in portal.

  3. In the Transaction Type list, select one of the following:

    • Incoming - Notify us of your intention to transfer assets from another bank or broker to your  account here.

    • Outgoing - Transfer assets to another bank or broker from your account here.

    Image of the transfer positions panel in Portal.

  4. Select a region from the drop down list.

    Select region drop down for transfer assets in portal.

  5. In the Broker Information section, you can use previously saved broker information for this FOP asset transfer, enter new broker information without saving it, or enter new broker information and save it for future use. In this last case, you cannot transfer assets; you must first save the broker information and then enter a new FOP transfer request using the saved broker information.

    Image of the FOP Transfer method in portal.

    • To use previously saved broker information, click the toggle switch to Yes, and select the saved information from the Information to use drop-down list. The saved broker information is displayed for you.

    • To enter new broker information without saving it, click the toggle switch to No, and then complete all fields to enter information about the broker who will be transferring your assets. When prompted at the bottom of the section to save your broker information, click the toggle switch to No.

    • To enter new broker information AND save it for future use, click the toggle switch to No, and then complete all fields to enter information about the broker who will be transferring your assets. When prompted at the bottom of the section to save your broker information, click the toggle switch to Yes and then enter the name of the broker information.

      Note: If you want to save new Broker Information in our system, click the toggle switch to Yes, then click Continue. Once your new broker information is confirmed, you can initiate a new FOP transfer using the new broker information.

  6. To continue with your FOP transfer without saving new broker information, in the Transaction Information section, click Add Asset.

    Image of the asset search window in portal.

    • In the Asset Search window, select an asset type from the drop-down. For example, select Stock.

    • Select the Search Type (by Symbol, by CUSIP number or by ISIN number), and then enter the symbol and, optionally, an exchange.

      Image of the search type panel in portal.

    • The Asset Search window refreshes with a list of matching symbols. Click the one you want to transfer.
      Click Search Again to search to start a different asset search.

      Image of the asset search window results panel in Portal.

    • Enter the quantity and type of assets to transfer. Click the toggle switch to Yes to transfer your entire position of the selected symbol.

      Image of the asset quanity panel in Portal.

    • Only available for long US Stock positions, US Warrant positions, and Corporate Municipal Bond positions.

  7. Click Save and Finish. The assets are added to the list of assets to transfer.

    Image of the assets to transfer panel in Portal.

  8. You can remove assets from the transfer by clicking the x in the asset list.

  9. Click Continue.

  10. Type your signature in the Signature field, and then click Continue. For outbound FOP transfers, this completes the procedure.

  11. Click Back to modify the transfer request.

  12. For inbound FOP notifications, after you type your signature and click Continue, a Confirmation screen appears:

    • Instruct your third-party broker to send the assets you have specified. We will not be able to expedite transfers that are not properly instructed at your third-party broker.

    • If your third-party broker requires an authorization form, click View Form to access and print the Authorization Form.

    • Sign the Letter of Authorization and send it to your third-party broker.

To uploading a CSV follow the instructions for starting a partial position transfer request using ACATS.

  • Click Upload CSV, then select the .CSV file you have prepared for this position transfer request. The name of the file that you select will appear below the choose a file button.

    Image of the upload CSV panel in Portal.

  • Click Submit; provided there are no errors, a summary of the positions in your .CSV file and their eligibility for your selected transfer method appears in the Transfer Eligibility Summary window.

  • Click Continue to submit this request.

 

Additional Resources

Learn About Position Transfers in the Portal at IBKR Campus

Visit the IBKR Client Portal Website

Visit the Fund Your Account IBKR Website

Log in to Transfer Positions