How to Transfer Fidelity to Firstrade in 2024
How to Transfer From Fidelity to Firstrade
If you’re tired of paying commissions on every mutual fund or option trade at Fidelity, you can move your account to Firstrade, which offers $0 commissions on stocks, options, ETFs, and mutual funds. The transfer process is easy if you follow our guide.
Phase 1
Check the potential costs of transferring an account from Fidelity to Firstrade. Fidelity is one of the few brokerages that doesn't charge an ACAT fee for either full or partial transfers, so you’re in luck here. If it did, Firstrade has a
promotion to refund any fees, up to $250, you incur when transferring your account.
Firstrade Promotion
Get up to $250 ACAT rebate and $0 commission trades.
Open Firstrade Account
Phase 2
Open an account at Firstrade. When you’re ready to switch, the first step is to open a Firstrade account. The name on this account must match the name on your Fidelity account. The two accounts also need to be of the same type (for example, Roth IRA, joint account, or trust).
Phase 3
Request an ACAT transfer at Firstrade. Once your Firstrade account is open, it’s time to request the transfer of your Fidelity account. You’ll do this through Firstrade—there’s nothing required on the Fidelity side.
Log into your Firstrade account, click on the ‘Accounts’ tab in the upper menu. In the lower menu that appears, select ‘Deposit/Transfer.’ Firstrade’s website will show you several options for moving assets into your account. Choose ‘Account Transfer.’
You’ll then see information about transferring an account to Firstrade. Review this information. There will be a link to start the transfer process. Ignore the second link, which is for brokerage firms that aren’t ACAT-eligible—Fidelity is ACAT-eligible.
After clicking the first link, you’ll be taken to an e-form to transfer your Fidelity account. You’ll need your account number. For partial transfers, you’ll need to download a PDF form, fill it out with the securities and number of shares you want to move, and send it back to Firstrade.
Firstrade Promotion
Get up to $250 ACAT rebate and $0 commission trades.
Open Firstrade Account
Updated on 10/16/2024.
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