facebookShould I move my stocks from Tiger to TD Ameritrade? Or just use TD moving forward? - Seedly
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Anonymous

Asked on 19 Jan 2021

Should I move my stocks from Tiger to TD Ameritrade? Or just use TD moving forward?

My TD account has finally been approved! Should I move my stocks from Tiger to TD? Or just use TD moving forward since it's cumbersome and/or expensive to transfer stocks over?

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3 answers

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Answers (3)

Honestly, if you don't mind, you can just leave it as it is. As far as I know, Tiger charges USD 100 per counter for the transfer.

Alternatively if you really want your holdings to all be together, you can try either:

  1. Sending money into TD and replicating your Tiger positions there and selling on Tiger simultaneously (this is good if your positions in Tiger are small)

  2. Selling on Tiger then buying on TD once the money is transferred over. (Note that TD's funding tends to take a while, so this might incur some costs due to market volatility)

1

Kelvin Tan

Kelvin Tan

22 Jan 2021

Thank You!

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Davin

Davin

Level 7. Grand Master

Answered on 22 Jan 2021

U can check is TDA will absorb the transfer cost or not.

Previously I transferred from FSM to TDA without any cost incurred.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Adding on to what Chris said, take note the time between you selling your positions on Tiger and buy...

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