Yes, you would have to sell to move. GME is up 6% today and appears that the tend will continue for the rest of the day. What you can do is first join another platform and then sell and buy shares in increments to reduce your risk of missing a crash or spike (moon).
Thank you for the correction. I heard people complaining about RH and Webull in the past with regard of not being able to transfer funds but I am thinking they were only talking about crypo since those platforms do not allow you to own actually coins. I know I can get funds to bank account within 2 - 3 business days.
No you can transfer shares directly between brokerages but it often takes at least a week and you can't sell during that time so better hope it doesn't MOASS during the transfer.
If you move your accounts, do you have to sell the stonks? Idk how any of this works, i must not be eating the right crayons
Yes, you would have to sell to move. GME is up 6% today and appears that the tend will continue for the rest of the day. What you can do is first join another platform and then sell and buy shares in increments to reduce your risk of missing a crash or spike (moon).
Not correct. You can move the whole account to Schwab for example. You would need to have an account with Schwab or set one up first.
Thank you for the correction. I heard people complaining about RH and Webull in the past with regard of not being able to transfer funds but I am thinking they were only talking about crypo since those platforms do not allow you to own actually coins. I know I can get funds to bank account within 2 - 3 business days.
No you can transfer shares directly between brokerages but it often takes at least a week and you can't sell during that time so better hope it doesn't MOASS during the transfer.
selling on any platform is discouraged...transfer or just buy more.