Portfolio transfers

Dividends should be paid to whoever is on the register at record date, the rules don’t change.

If your transfer takes place after record/ex date, the dividend will be paid to your old account or should be. Whether there is a sweep or standing instruction to transfer the proceeds over, 212 will need to confirm but suspect that would depend on the party they are dealing with.

I recently read the following from the updated investment terms:

“16.6. It may not be possible for you to transfer certain Investments out of your Account.
These include:
a. Investments that are not accepted by the other investment providers;
b. Investments that have been suspended from trading;
c. Investments that have not yet settled, as per Clause 8.;
d. Fractional shares, as per Clause 12.3.;

Does this imply that any fractional stake we would have to sell before the transfer? Or, the fractional would remain on the platform (let’s say you have 100.5 shares of an investment of some sort; 100 would be transferred, and the remaining 0.5 would remain).
Furthermore, I’m still not sure if you can choose which items and how much to move, or if your entire portfolio must be transferred.

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Email from whom do you mind sharing what does it say

that’s a very good question, indeed.

I think the email addresses it : sell the fractions … retain the whole… I think that’s how it read

Hi @Bogi.H, I got my Introducing portfolio transfers email today and I am very excited as I want to transfer my ISA portfolio from HL into Trading 212.

Are there any specific requirements that our current brokers need to fulfill to enable in-species transfers? I.e. software, system or group? Shares are all in full, no fractional.

Please advise as I would like to check with my existing broker.

Isn’t this covered on the email

Fractions – no… sell fractions, move whole shares (100.1 = sell 0.1 … transfer 100)

Asset must be on the T212 platform (ie. supported by T212 and IB)

Ceeding broker must allow inspecie transfers (ask them)

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Only whole shares will be transferable.

Yes, we’ll run a beta first - I will share more details as we approach the launch date.

The final release will be for both Invest & ISA.

You can see the full list here :point_down:

You’ll be able to transfer only whole shares.

Partial transfers of your holding will be supported in most cases. You can check the table here for the specifics.

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I’m trying to figure out which will be the (total) transfer costs for the following transfer :

1- original Broker = Degiro, with stock A (10 shares)
2- I want to transfer (read Import) these 10 shares to TR212 (Invest type of account)

Via the Menu > ‘Portfolio transfers’ > import :

  • I suppose that the TR212 cost will be 0 euro;
  • But will I need to pay a cost to Degiro for their part ?
    Or the total cost (TR212 + Degiro) will be equal to 0 euro ?

(I’m asking this basic question, because I think to remember that Degiro was asking fees to transfer shares towards another broker).

Thanks in advance !

We won’t charge fees on transfers. It would be best to ask your other provider whether they apply any.

@KrisG Any limits on the amount of cash with a S&S ISA that can be transferred? I thinking of either, 1) adding cash to my existing ISA or 2) waiting until the transfer is complete as I want to ensure I add more cash with this tax year.

There are no restrictions on the amount of cash you can transfer. In case you weren’t aware, ISA cash transfers have been an available feature on our platform for quite some time.

Read more: Can I transfer my ISA from another bank or broker to Trading 212? – Trading 212

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Do we have to sign up for the beta or is it going to be open up for everyone
Thank you

Just wanted to say this was the feature that was missing for me to fully comit to keep my portfolio in T212. Right now I feel secure in keeping my assets in this broker and hope they keep the good work in the coming years. :+1:

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I’m very excited about this feature, I will definitely be consolidating my holdings to T212.
Does anyone know if IG charge for transferring shares out?

Small question on ISA related transfers. I see there is no option for partial transfer out. So am I right in thinking basically I have to transfer the whole account in terms of all cash and all shares at once? Or can cash be left in for example?

Further to that would my T212 ISA still exist just with a £0 balance after full transfer? As with the new govt rules in April of being able to deposit to multiple ISAs it might be in future if I want to transfer some to another broker but I will still want to regularly add here too.

I’m hoping, and anticipating, that they will change it to be eligible for partial transfer once the rules change in 24/25

@ts94, there will be a beta test before the release in mid-February. If anyone is interested, send me a DM.

@Hbomb, if you want to transfer the portfolio (stocks), you should move all the stocks and any remaining funds to the ISA.

After the beginning of the new tax year (06/04/2024), you’ll be able to deposit in more than one S&S ISA simultaneously. So, you can deposit funds and trade with us even after a potential full transfer to another broker. Our ISA will remain open - it won’t be restricted or closed.

Thanks, so to clarify all cash would also be transferred, so for example:

If my isa had:

£1000 stocks
£500 cash

I can’t transfer just the £1000 stocks, it has to also have the £500 cash?

How long after the transfer initiated can I deposit cash/buy new stocks without them being sucked up into the transfer as well?

You can only contribute into one of each type of ISA at the moment as per GOV regulations, so the question is moot if you are transferring any current year contributions.