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

Question

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?

Chris · Accepted Answer

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)

Musyaffaq · Answer

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

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So for me, if your positions quite small and you’re just holding for a long term, then maybe don’t need to transfer now. These few days market very volatile. Heart pain if you miss out on some gains. But if you really want to do it, have the mindset that “if it goes up, it’s okay will have more opportunity. Doing this is more important”. Having a goal and purpose will help reduce emotional stress 👍🏽

Davin · Answer

U can check is TDA will absorb the transfer cost or not.
Previously I transferred from FSM to TDA without any cost incurred.