facebookIf i have been buying global ETF (not local) through Standard Charted Bank, can i transfer the stocks i'm holding to Interactive Brokers once i hit 100k? For cheaper fees? - Seedly

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Anonymous

08 Jan 2021

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General Investing

If i have been buying global ETF (not local) through Standard Charted Bank, can i transfer the stocks i'm holding to Interactive Brokers once i hit 100k? For cheaper fees?

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Chris

08 Jan 2021

Owner and Writer at Tortoisemoney.com

I used to use Standard Chartered as well. Transferring positions out will incur a fee of USD 39 per counter (assuming your positions are in USD).

For me, what I did was selling on Standard Chartered and then buying back on IBKR. It's not a perfect solution since the price will change as you move the money over, but the loss in between should be relatively minimal.

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