Zipote asked in Business & FinanceInvesting · 1 decade ago

Can I change Online brokers and roll over my shares to a new company?

I use an Online trading company . They charge me $19.95 per transaction. I want to switch to another Online trading company such as Scottrade. Can I transfer the stock I have to a new company? do I have options? what should I do?

2 Answers

  • 1 decade ago
    Favorite Answer

    Yes, you can. Be aware that your current broker will likely charge you an account termination fee.

  • 1 decade ago

    That's easy -- just open up your new account and have the new broker take care of all of the transfers for you. I did this a few years ago from ETrade to Fidelity and it took a few weeks to get everything perfect.

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