Why do you think this would be the case? Neither party says they wouldnât support transfer from/to the other party.
However, I run into this YouTube video which says on itâs description as of Dec 2024:
While Trade Republic technically allows stock transfers, they primarily execute trades on the Hamburg Stock Exchange. This creates a significant limitation: most other brokers do not feature the Hamburg Stock Exchange, making it nearly impossible to transfer your stocks seamlessly. Since a stock transfer requires the same exchange on both brokers, this issue can leave your investments stuck or force you to sell and rebuy elsewhere, potentially incurring unnecessary fees or tax implications.
Can someone from T212 comment whether this is true, false or something in between?
Because of Trade Republicâs unbelievably terrible support. Even if the support wasnât an issue and the transfer was feasible, thereâs still the 2⏠registration fee per stock, unless done between German banks, which prohibits any fees occurred doing the transfer.
There are many people telling about their experiences with portfolio transfer to/from Trade Republic on Reddit (esp. r/Finanzen or the unofficial r/TradeRepublicSupport) in which people talk about how Trade Republic either hasnât responded to their request or hasnât processed the transfer correctly.
And also because I have tried to do the same in T212 in the past, and I got the same outcome, transfer cancelled due to the lack of response from Trade Republic. Only then I found a suggestion that Trade Republic accepts outgoing requests only through their app.
While many people say their transfer has failed, some have also succeeded on it by mentioning or contacting BaFin (although they donât take stands on individual cases), after which transfer has finally succeeded (mostly to IBKR). I wouldnât consider it yet impossible to get securities transferred to T212 either, although it seems to require contacting BaFin and/or financial ombudsman. But weâll see.
As of the latest transfer request of mine, I got message from both TR and T212, saying transfer has been cancelled due to lack of response from the other party. As per Reddit threads, this is typical outcome for transfers from TR. Someone in Reddit mentioned also they have caught TR customer support lying about them contacting IBKR after asking some evidence of it:
Have a pending transfer for over 4 months, have caught TR support people openly lying (saying they contacted IBKR and later taking it back when asked for evidence that they contacted IBKR).