I am looking to franfer my Isa from freetrade to trading 212. I have been told by freetrade that i have to complete a tranfer forum with new provider (Trading 212) . How do i do this ?
And also is there a cost to do this from Trading 212
Yes, you can make a cash transfer from your current provider into a Trading 212 ISA by filling the transfer form on this page from our Help Centre here. There are no fees applied on our side for such transfers.
Once filled, you may scan the document digitally and contact us via this form. When submitting the request, please make sure you select āISA transfersā as the category and attach the transfer authority form.
Weāll take it from there and let you know once everything is ready
Hi, I wish to transfer my stocks and shares ISA from Freetrade to Trading212. Upon reading the T&Cs and fees, I noticed that the charge for US securities is Ā£17 per holding - any idea what āper holdingā means?
Hi, it would be best to double-check with Freetrade as well, since this is a fee they charge, but I believe āper holdingā here means that if you transfer 5 TSLA shares and 10 MSFT shares, youāll be charged Ā£34.
Ā£17 per holding of each US stock seems nonsensical to transfer into Trading212. I know itās not necessarily Trading212 or Freetrades fee per se but it makes the cost of transfers of a portfolio too high.
Happy Friday! Iāll request an in specie transfer from FT to T212 in a few weeks, just waiting for my last lot of T-Bill to mature. I have just a few grands of cash in my FT account, so Iāll transfer it via withdrawal + deposit instead of via cash portfolio transfer. Iāll loose some of my ISA annual allowance, but I can put the cash to work straightaway (most important).
Any ideas how long the in specie transfer is likely to take? Not what the guides say, but based on experience Cheers
It is not possible to transfer shares directly from a GIA to an ISA as shares held in a non-ISA Š°ccount are subject to taxes per HMRC guidelines. If you want to move them to an ISA, you must first liquidate them. The funds can then be transferred to an ISA but will count towards your yearly allowance.
As of the moment, 70% of our clients have the portfolio transfers feature enabled. Iāll send you a DM to check if the transfers are available for you.