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?
- 1 decade agoFavorite 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.