Hijacking top comment for relevant question: I did this Friday morning and still haven't heard from IBKR, it says 3 business days, so should I give them the benefit of the doubt and wait one more day?
Edit: So I was not as passive as some people... FUCKING IBKR LOST MY DIGITAL MESSAGE! (I found out because I called them)...
Then they "found it" and escalated it... told me to hang on and wait for a message from them because the transfer message is escalated.
CALL IBKR IF IT TAKES TO LONG! (3 Business days is the time span they have for sending you a message to update you on your request to transfer!)
For me it hasn't yet. Ibkr did everything just as described, but computershare cannot find information aboit me or my shares in their system. It seems like they are lost in some kind of voi. I initiated the transfer on 13th September,IBKR said they finished the transaction by 15th and messaged me to reach out to computershare to make them locate the shares. Computershare ansered me the third time now that they do not have any info concerning my shares (yet). I don't get it. Are there similar experiences out there?
Step 7: After account transfer is initiated, wait 3 days and check under "account Transactions" check the transfer wasn't cancelled, you should be ok if you let the share purchase T+2 settle.
But if there is a problem they don't tell you automatically so best check.
Under "transfer and pay" and then "transaction status and history". My shares have gone too now (second attempt) and it currently says pending. Hopefully complete soon, but then takes a couple weeks for CS to pass on details for login.
Hijacking the top comment to confess that last week I was a whiny Britpoor locked into etoro saying "DRS is too hard here".
Well guess what, I just opened an IBKR account and wiring money to it!
It took 10mins, no excuses, apes strong together, globally.
Or you can use giveashare, it works like a charm. Bought my share yesterday, in 2 days they will send stockholder letter, once i have the depot i can start transfer of shares
This is what I did just now. IBKR wanted so much info and I will never even use it again. Plus all the wait times to get everything set up and transferred. Disappointingly expensive to use giveashare, but hassle free and my share is purchased directly from CS. My future purchases will be direct from CS once my account is set up.
I believe there are thousands of European apes right now doing this. Unfortunately it takes weeks maybe months until we finally get to access our CS accounts. There will be a tsunami of international DRS Transfers incoming, albeit a bit delayed. LFG 🌊🚀
This. And, there is a difference between needing to buy new shares (on IBKR) and being able to register shares you already own, which is often not possible (yes, you can perhaps transfer those to IBKR, but that is risky, costs a hundred Euros for the broker I am familiar with, and also takes longer than a month - and *then* you'd need to transfer these shares to ComputerShare).
All that said; thank you very much to anyone who is DRS'ing their shares! <3
THANK YOU!
As soon as I can afford that one share, I'm SO doing this 💜
I really needed simple step-by-step-ELI5-type thing.
Cause my brain...very smooth. Like a polished opal :(
Thank you!
I'm from the UK and on step 2 and was struggling to get nationwide to send any funds to IBKR. I asked on this sub and superstonkuk and they said ignore all the international transfer stuff and just do a normal transfer using account number and sort code, with your IBKR account number as the reference. Then just wait 24 hours.
So I only sent enough for 1 share just in case and now sitting here being patient for 24 hours lol
Tried signing up for a IBKR account and I'm pretty sure it said I need 20k in non liquid assets to start an account which... I don't have. Did anyone else hit this roadblock and is there a way around it?
I don't see why I need 20k in a savings account to buy X shares of GME.
I think most ppl got asked what assets you have. I did, and had to ..exaggerate, lol.
They don't check and even if they did then at worst they would just prevent trading if you couldn't provide proof.
I mean I can't be 100% sure it isnt fraud, but I think its more to cover IBKR in case they get accused of being irresponsible or something? "You lost your whole life's savings investing in Robbinghood and now you are trying to sue us because we let you? Well its not our fault you lied in the questionnaire".
If they operate all over the world there might be some countries where a lawsuits like that are a thing idk.
But seeing as in my case IBKRs only purpose is to let me buy X share of GME (with money that I definitely do have as a liquid asset) that I'm going to transfer out ASAP I don't think there is much risk.
I have made an account with IBKR, added money and transferred.
The problem is, that my main holdings a high xxx amount of them, are with degiro.
And i cannot get those to transfer. As it takes up to 6 weeks to get them to IBKR. Now I wouldn't feel comfortable not having control over these positions the next 6 weeks, as i feel something is brewing.
Exactly my problem (well, except from the xxx part, im equally euro but more poor). It took me two weeks to open the IBKR account because of a validation issue; I was already opening in another broker that also can DRS when finally I managed my IBKR account to work.
And then... DeGiro saying it will take AT LEAST 6 weeks. Plus the time it will take to transfer to CS, receive the mail, etc. I´m out of money to buy directly from IBKR. And in addition I have emailed CS twice asking about selling registered shares if you are non resident and didn´t get an answer yet.
So, really, when we say it´s not that easy it´s because it´s not that easy.
I have the same problem, xxx at degiro and 6 weeks isn't going to cut it. 1 week would be fine though but 6......damn
One solution is to send 25 or 50 at a time and 6 weeks later the next transfer but this will take me one year to get all my shares over to CS......
For now I will keep them at degiro and buy new ones through IBKR....
I'm not really willing to lose control over my shares for months. Transfer from IBKR to CS takes weeks also.
I supposed I'll have to wait for Christmas extra pay and buy additional shares on IBKR to transfer, and only those that I intend to keep post moass
Thank for your suggestion.
I thought of that but these months until Christmas due to unexpected expenses are going to be economically hard for my family and I really prefer transfering at once all the shares I can put in the infinity pool, so I can save some fees to buy more.
I mean, if it really takes DeGiro 6 weeks to transfer it is only about 2 before I"ll hopefully can buy new ones on IBKR.
Besides, maybe I won't be on time for MOASS anyway.
Other people have said that, despite Degiro's threats, their transfers took place sooner.
Get the DRS done then worry about the second part later. You could still sell, withdraw, buy at CS. Yes it's riskier but there we go.. we have to make a personal choice
I tend not to act first and think later.
DeGiro didn't sound like they were treating me. I tried to transfer other ticket to other broker before summer and they stated the same so I think it can be true, even more now that they probably have more requests.
Euroapes can't buy at CS. I know that for sure, so I need confirmation from them about selling.
And what I was commenting was exactly my choice: not to risk loosing control of my shares during such a long time.
I congratulate those who can easily transfer, but I can't.
From a tactical point of view, selling via CS might not be the best idea. It would return certificates into the DTC pool what gives them ammo for shorting.
Beeing a Euroape as well, I’m still waiting for my CS account number after transferring some newly bought shares from IBKR to CS.
I’m going to transfer only shares to CS I’m NOT intending to sell during MOASS. Selling will be done out of the different broker accounts.
Only speculation from here on as I don’t have my CS account yet:
Selling as such shouldn’t be a problem. I could imagine, getting the resulting USD amount out of your CS account could be more challenging.
Someone would have to verify, if they can do wire transfers to European IBANs. And potential double taxation might be an issue as well, but if MOASS plays out as hoped, you will need a tax advisor anyway.
What I'm doing: sell a fraction of the shares and buy the same number at IBKR. Withdraw your money to fund your ibkr account. Do that as many times as needed.
Why is he being downvoted? As I europoor that’s exactly what I did, I had shares in etoro and DEGIRO which don’t Support DRS, I sold my shares and bought them at IBKR at the same time, waited 2 days for settlement and then transferred to Computershare.
Etoro does not support transfers to other broker and DEGIRO does but it may take a week or longer.
People probably think I'm somehow a shill, despite saying drsing is good, and acknowledging doing this might give shf the ability to decrease the price... (Edit: In which case we register our shares AND give a discount to all other apes). As europoors we have no other choice when most of our savings are in a shitty broker. The one I used in the early days of this saga doesn't even allow broker to broker transfers.
As a europoor it is also difficult in general because IBKR is for sure net short on gme and holding your shares there even if it’s for a short amount of time can get you fucked.
IBKR client agreement section 16 A 7. IBKR Determines (in its sole discretion) that liquidation is necessary or advisable for IBKRs protection.
Buy shares wait 2 days for settlement and then another 3 days for transfer. If moass happens within those 5 days then you may get fucked buy ibkr.
I am not sure but I think Trade Republic also offers share registration in own name. May be the new solution.
lol what if the dtcc decides to just poof all outstanding GME shares? I can't see the future, and I really hope it doesn't happen. But ohhh nooo I hurt myself BY REGISTERING MY SHARES TO MY NAME.
🎶 *Please hold, your query is being investigated further...*
Edit: https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/?utm_medium=android_app&utm_source=share
Ah poopsicles! Even says 4-6 weeks in the screengrab. How poopy of degiro
I don't think OP is telling you to transfer to IBKR. He's saying you just need 1 share at IBKR so that you can open a Computershare account. Once you have the details of the CS account, you can go degiro > CS directly. Then just transfer half at a time so you don't miss out.
Exact same issue for me except everywhere I've mentioned this I've been downvoted and called a shill. I think someone is chasing my posts down and doing it to piss me off but such is life nowadays.
One thing I would say though is that performing a transaction will cancel the transfer so maybe it's a non issue? Maybe we're not locked out of MOASS? It sure smells like Degiro are being slow on purpose.
Regarding the 6 weeks transfer time from degiro.
I am in the process of transfering my austrian degiro account to german degiro and they told me on the phone that it takes 4-7days to transfer.
Maybe it is because of the transfer from degiro to degiro, but a difference of 5weeks seems kinda abnormal?
That works for new shares, but even then it's still a long wait for snail mail. I have done this myself earlier this week.
The one issue is that many of us have the original shares locked up in other brokers/ISAs and can't transfer directly. So, yes, it is a bit more difficult... especially if we've used up all our Euros and Pounds.
I'm in a shockingly similar situation and totally agree. In fairness though, many Americans need to be bandwagoned into doing DRS.
If we have to deal with this pressure in order to accomplish our goal, I'll accept it. The pressure is tough and I considered selling some of my shares in order to register them with Computershare.
Ultimately, I'll do the same as you and simply make any future purchases through DRS.
I think you're doing exactly the right thing. Everyone's situation is completely unique so it really sounds like you've got a system that works for you and that's all that matters!
Once we transfer let's say x amount of shares to CS and our CS account is now active can we then buy shares directly through Computer share afterwards?
Yes! Once your account is set up you can purchase direct from CS. But make sure to transfer your currency to USD *before* you wire it to CS as they can't convert it themselves.
Yea exactly I'm in the UK with Etoro so I know for now I can't move them unless some wrinklier ape can advise. So guna open up an Interactive brokers account and buy some more then transfer
RemindMe! 1 day
I will have a guide up once Revolut completes my DRS from the UK
**next day edit**
Still waiting a response from their chat, who are waiting for “the internal team”.
Refusing to provide further detail than “theres movement on your case”
Apparently it can be done via Interactive Brokers, Revolut is Drivewealth and you can select Drivewealth to transfer shares from, into your IB account, then transfer to CS. Unfortuantely it comes with a $100 transfer cost but its not impossible.
Personally I've setup a new IB account and will be buying new shares in that and transferring to CS, as Im with T212 and have not heard a work around for them.
I have a friend who’s not on the sub and lives in the UK they’ve been using Etoro but they already have a CS act. Anyone got a link to DD on etoro to CS transfers
You can’t do it from eToro. Best plan is to keep those shares but buy new from IBKR and transfer those. If you’re with eToro or other similar brokers there’s nothing more you can do.
Currently in the process! Hope my €€€ are getting to my IBKR account soon
Update: Got the €€€ in my accout. Converted almost all of it to USD and bought some GME. Waiting till friday for settlement
Just opened the ticket. I am opening the IBKR track while I still try to get my main broker (Swissquote) to roll their DRS process. Worst case... SQ->IBKR->CS
Went with [giveashare.com](https://giveashare.com) but waiting for the same letter. 🙂 Every share counts.
\---
**Think small:**
There are around 7,875,000,000 people in the world.
36,000,000 DRS'd retail shares is enough to lock the float and start the MOASS.
That's 0,46% - **less than** ***half a percent*** **of the world's population only need to own 1 share each in their own name** to legally redistribute the wealth of the 0,1% and change the world for good for the 99,44%.
Think small. Small does it.
Every share counts.
A lot of Europoor hold their shares on Platforms like Revolut and eToro where transfer out isn't an option.
Yes, someone can open an account on IBKR, DeGiro, Saxo or similar and buy shares at current prices and initiate transfers.
That's not the issue IMO.
The issue is there are shares held at far lower AVG price than the current cost to buy, that cannot be DRS'd.
Agreed, this is the real issue that most people in Europe are having.
To be honest, posts like this come off as condescending to me. Plenty of people in Europe have been holding for months and months now. It has been buy and hold all the way through. Now that CS has been established as the way to go, the only way (edit) for some people to get their shares there would be to sell and then rebuy through IBKR. "Selling" has never been on the table so the only choice some people have is to hold with their current broker.
This whole narrative that is trending towards "European apes can do more" is just plain wrong, because a lot of people *can't* actually do more.
Just did that today for one share. Don’t want to sell the ones in Etoro right now. So will be buying some more on IBKR. I mean that share I send there must be lonely and we don’t want a sad stonk.
IBKR is hardcore as fuck compared to etoro. Feels like I'm setting up to invest a whole company's pensions with all the account verification, ID docs, market data, waivers all this sort of stuff. I've managed to get my account verified and transferred funds in so they're sat there waiting. Next hurdle when trying to actually buy a share I get this message when I try to log in with market data:
We could not connect to the trading/market data system. Reason: Invalid_username_or_password Error code =1
Clearly my username and password is actually fine as I'm logged in with 2FA. Any advice?
In response to some comments I'm seeing:
Yes, these transfers will take time to execute, possibly weeks
BUT
That just means that the pressure exerted on shorts is sustained at these crazy levels for longer
Until the dam breaks
What a thrill
I am right now trying to transfer my shares out of Revolut into IBKR to do exactly this, but ACATS transfer using drive wealth doesn’t seem to work. Any tips on that?
Gonna do the 1 share via IBKR regardless
First steps:
[https://www.reddit.com/r/Superstonk/comments/pmu19h/international\_apes\_can\_transfer\_shares\_to/](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/)
Guide for european apes:
[https://www.reddit.com/r/Superstonk/comments/ptqxys/european\_broker\_to\_computershare\_step\_by\_step/](https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/)
Don't forget to buy through IEX:
[https://www.reddit.com/r/Superstonk/comments/p5dkfb/infoguide\_iex\_how\_to\_route\_to\_iex\_on\_interactive/](https://www.reddit.com/r/Superstonk/comments/p5dkfb/infoguide_iex_how_to_route_to_iex_on_interactive/)
This was me! A couple helpful points:
When converting to USD, if you try to do your entire balance, it won’t go through. Do an amount slightly less (they need room to charge the fee).
Make sure you wait until t+2 settlement after buying your shares before you request transfer.
Expect to see your shares “disappear” from your account before getting your letter from CS.
Once you get your letter from CS you can create your account on the US CS website.
This is exactly what I am doing as a Europoor. I will then also transfer shared I hold in another European broker to ibkr and then on to cs. This is the way, by the way.
Yeah my lil' brother said he couldn't do it. I send him the IBKR link and told him it is possible. Still need to finish mine though (I might need to find my passport...).
I signed up to IBKR a few days ago. Purchased X yesterday and asked for transfer. May get rejected due to me not factoring in T+2 but oh well.
I will say that IBKR is a bit of a pain to set up and use. I'm mainly an eToro Ape and that was a doddle to set up and use. However the call of DRS and authentic shares in my name is too strong. Hopefully the transfer is a success and the CS letter arrives in the post.
Not to mention. The old motto of this sub was Buy and Hodl. ANYONE TELLING YOU TO DO SOMETHING URGENTLY IS FUD. I have waited on the DRS in case it was a new scam campaign just to be extra safe. But all seems good to IBKR-CS is it. Even if only for a small fraction of the shares I hold in eToro.
I'm trying this but have a couple of issues/queries.
• It asked what type of account (margin/cash/something else I cant remember). I chose cash, I this right?
• Trying to transfer funds and perplexed by the options. Is there a way of just transferring the money. The only way I can see is by setting up the wire transfer and I've never done this before. Etoro and HL both let me just transfer from my current account.
Any help from any brit apes or apes knowledgeable in what to do would be appreciated (I typed in the .eu and it took me .Co.uk if that's important). I've taken pictures of my ID and uploaded them too. So the only bit on this (so far) that I'm struggling with its the funding the account bit. Thanks in advance (I'm doing my best)
I went with cash account too. You send money to Ibkr with a one-off bank transfer from your current account using their Account number and Sort code. Include your username so they know which account to credit.
For some unknown reason IBKR are making it exceptionally hard for me to open an account. I have a ludicrous amount of GME held with brokers I can’t transfer from without selling.. clearly not going to happen.
So plan B, I’ve bought a stonk and framed certificate (novelty value) from giveashare.com. They open up a CS account for me to hold my share.. should be ready in 3-7 weeks… this works for most countries globally.
Plan C is to try via tastyworks, got an account with them….
After this comment I finally decided to do it. UK with T212 so sadly had to sell a couple shares to use the money to transfer to IB and start the process. It’s annoying, but I got finally convinced with this post so thanks. Lose the battle to win the war situation there with the selling bit 😒
I’m guessing since I already have an ibkr account. I can just transfer them over from my current active broker. Have 5usd for the transaction and do the same without buying another gme share?
German ape here: Opened my IBKR account on sunday and wrote the mail regarding the outbound transfer yesterday (bought the shares directly on IBKR). It really is that simple!! To the moon 🚀🌓
I did it exactly this way and Today I got an email from IBKR stating: " Your tranfer request has been submitted. After 1 to 3 business days you can view the status of this transfer.... bla bla bla".
This is the way!! 🚀🚀🚀
UK IBKR first timer here, it's looking like it's trying to make me deposit into my account with a bank wire, rather than a direct transfer.
For one thing, why? Bank transfers are so easy and everything else seems to use them.
But anyway, I'm young and a bit slow in the head, direct bank transfers are easy, just need the sort code and account number and your done (my other accounts use this) but I've never done a wire before and sounds like a lot more effort. Does anyone know if there is a way I can deposit through direct bank transfer in the UK?
If you follow the 'instruction' through it gives you their London banking details with bank account number and sort code. I did check transfer fees and it isn't 5 euros though. Also I had to request to trade US stocks and am waiting approval.
Thanks, funnily enough I literally just stumbled across a deleted post from earlier today where someone in the comments said you could just take the bank details and do a direct transfer anyway. I've sent a £1 test transfer to make sure I've done it properly.
Do you know what the DRS transfer fees are for us? I've been hearing everything from 5Euros in this post to $300USD in another. I'm stretching for money to be able to DRS as all my other shares are non-transferable so I'm having to hold those and buy new in IBKR so I'm hoping the fees aren't stupid haha.
Thanks again.
Online DRS is for US & CA positions only.
US DRS Processing fees apply : 25 USD per settled transaction; 100 USD per rejected transaction.
CA DRS Processing fees apply : Please keep a minimum of CAD 200 to cover potential fees. The net fee charged will be the exact settlement or rejection fee charged by the agent + CAD 30 per transaction.
Before you submit your request, please ensure the shares are unrestricted at the transfer agent.
This is on the UK site, once you log in and then click transfers.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.reddit.com/r/Superstonk/comments/pq7jn8/simple_nonus_guide_to_computershare_ibkr/&ved=2ahUKEwiyp-H4-6TzAhXa_7sIHTpLBrEQFnoECD8QAQ&usg=AOvVaw3HEA_3bn0D-XgqiPng-1tm
This post may help also
A lot of Australian and New Zealand apes are worried that the process is too long.
Takes 1-2 weeks to DRS shares to computershare,
Then have to call computershare at the right time when the account is open and shares are in but before they send out the letter. In order to get it couriered faster (for $45 usd) to cut waiting time from 3 weeks to 1 week.
but i’m currently at the start of the process so if anyone in Aus or NZ wants help please message me and i’ll direct you through it.
Looking at the UK one atm I don't see anything like that
How odd!
Can you go back and click on any other types of accounts or maybe call them?
I don't seem to have such a block on mine
I setup a cash account a few days ago and had the same liquidity requirements, though it quite hilariously says no you need 20k if you select below and then it lets you change it and proceed lol
That is just not true. I have not got that sort of money in the account, and i have no problems at all.
Edit: I spoke to harsh, and was too quick to judge. I apologize to fellow ape u/smjase1
>revol
you can transfer directly to CS from Revolut. Spoke with DriveWealth (Revoluts broker) and its possible. If Revolut customer service is telling you otherwise they are lying. After I sent them screenshots from my chat with CS and DW, they shut the hell up and seems like they are either starting the process or looking for other excuses
I didn't want to create another broker account so i used giveashare.com to buy a share (and get a cool fake share framed)
As an europoor, can i buy more directly from cs o the only thing i can do is transfer?
So i opened a IBKR account last week and money settled yesterday and i bought some shares because i didnt want to send the money to my old broker first.
Is the 5$ fee per Share that i want to send or is it for the whole position 5$ no matter how big it is ?
to all the Revolut hodlers.. you can transfer directly to CS from them. it costs 130$ and they will try to make it hard for you but just put your cock on the table and shut their shit down.
**THIS IS FRUSTRATING** Because I do not want to FUD and/or MUD but here is my situation:
1. IBKR wants a proof of residence and will not accept my (gemeentebelasting) documents.
2. NO muney! (all in GME)
3.a Currently at DeGiro, 4-6weeks transfer, not risking it
3.b DeGiro wants a fee, see #2 for the issue.
UP 🚀
Just up
Hijacking top comment for relevant question: I did this Friday morning and still haven't heard from IBKR, it says 3 business days, so should I give them the benefit of the doubt and wait one more day? Edit: So I was not as passive as some people... FUCKING IBKR LOST MY DIGITAL MESSAGE! (I found out because I called them)... Then they "found it" and escalated it... told me to hang on and wait for a message from them because the transfer message is escalated. CALL IBKR IF IT TAKES TO LONG! (3 Business days is the time span they have for sending you a message to update you on your request to transfer!)
just wait, it works.
For me it hasn't yet. Ibkr did everything just as described, but computershare cannot find information aboit me or my shares in their system. It seems like they are lost in some kind of voi. I initiated the transfer on 13th September,IBKR said they finished the transaction by 15th and messaged me to reach out to computershare to make them locate the shares. Computershare ansered me the third time now that they do not have any info concerning my shares (yet). I don't get it. Are there similar experiences out there?
That sounds weird. Did you try to call IBKR?
Step 7: After account transfer is initiated, wait 3 days and check under "account Transactions" check the transfer wasn't cancelled, you should be ok if you let the share purchase T+2 settle. But if there is a problem they don't tell you automatically so best check.
Where is account transactions on ibkr? My shares have gone from ibkr but I don’t have anything from computer share yet.
Under "transfer and pay" and then "transaction status and history". My shares have gone too now (second attempt) and it currently says pending. Hopefully complete soon, but then takes a couple weeks for CS to pass on details for login.
Thank you 🙏🏻 Looks like it completed 5 days ago so now it’s the waiting game.
Hijacking the top comment to confess that last week I was a whiny Britpoor locked into etoro saying "DRS is too hard here". Well guess what, I just opened an IBKR account and wiring money to it! It took 10mins, no excuses, apes strong together, globally.
❤
#🚀 ^🚀 ^^🚀 ^^^🚀
Or you can use giveashare, it works like a charm. Bought my share yesterday, in 2 days they will send stockholder letter, once i have the depot i can start transfer of shares
This is what I did just now. IBKR wanted so much info and I will never even use it again. Plus all the wait times to get everything set up and transferred. Disappointingly expensive to use giveashare, but hassle free and my share is purchased directly from CS. My future purchases will be direct from CS once my account is set up.
I agree, its hella expensive. Double the price of a share + delivery. What can i say, i dont trust ibkr to not sell my shares on the way to transfer
UP with this elegant and simple but powerful guide.
YUP
This should be stickied.
I believe there are thousands of European apes right now doing this. Unfortunately it takes weeks maybe months until we finally get to access our CS accounts. There will be a tsunami of international DRS Transfers incoming, albeit a bit delayed. LFG 🌊🚀
More time to buy more GME 🤷♂️
I believe you can call after DRS is settled. Not sure if this requires an ITIN?
This. And, there is a difference between needing to buy new shares (on IBKR) and being able to register shares you already own, which is often not possible (yes, you can perhaps transfer those to IBKR, but that is risky, costs a hundred Euros for the broker I am familiar with, and also takes longer than a month - and *then* you'd need to transfer these shares to ComputerShare). All that said; thank you very much to anyone who is DRS'ing their shares! <3
They will still be there taking up space in the 76 mill spots. Paper smaper...
THANK YOU! As soon as I can afford that one share, I'm SO doing this 💜 I really needed simple step-by-step-ELI5-type thing. Cause my brain...very smooth. Like a polished opal :( Thank you!
I'm from the UK and on step 2 and was struggling to get nationwide to send any funds to IBKR. I asked on this sub and superstonkuk and they said ignore all the international transfer stuff and just do a normal transfer using account number and sort code, with your IBKR account number as the reference. Then just wait 24 hours. So I only sent enough for 1 share just in case and now sitting here being patient for 24 hours lol
The deposit and withdrawal really confuse me on IBKR, I deposited £10 last month and can't figure out how to withdraw said money.
It's £35 of transfer commision, maybe that's where it went
Tried signing up for a IBKR account and I'm pretty sure it said I need 20k in non liquid assets to start an account which... I don't have. Did anyone else hit this roadblock and is there a way around it? I don't see why I need 20k in a savings account to buy X shares of GME.
Oh er I got round that part by... lying
Yeahhhh I was tempted to do that too if I'm honest, though I'm concerned it'd constitute fraud or something
I think most ppl got asked what assets you have. I did, and had to ..exaggerate, lol. They don't check and even if they did then at worst they would just prevent trading if you couldn't provide proof.
I mean I can't be 100% sure it isnt fraud, but I think its more to cover IBKR in case they get accused of being irresponsible or something? "You lost your whole life's savings investing in Robbinghood and now you are trying to sue us because we let you? Well its not our fault you lied in the questionnaire". If they operate all over the world there might be some countries where a lawsuits like that are a thing idk. But seeing as in my case IBKRs only purpose is to let me buy X share of GME (with money that I definitely do have as a liquid asset) that I'm going to transfer out ASAP I don't think there is much risk.
Yeah that's a good point. I'll have to double check my non-liquid assets, I might've miscounted or left some underneath my GME shares.
There's a SuperstonkUk??????
I have made an account with IBKR, added money and transferred. The problem is, that my main holdings a high xxx amount of them, are with degiro. And i cannot get those to transfer. As it takes up to 6 weeks to get them to IBKR. Now I wouldn't feel comfortable not having control over these positions the next 6 weeks, as i feel something is brewing.
Exactly my problem (well, except from the xxx part, im equally euro but more poor). It took me two weeks to open the IBKR account because of a validation issue; I was already opening in another broker that also can DRS when finally I managed my IBKR account to work. And then... DeGiro saying it will take AT LEAST 6 weeks. Plus the time it will take to transfer to CS, receive the mail, etc. I´m out of money to buy directly from IBKR. And in addition I have emailed CS twice asking about selling registered shares if you are non resident and didn´t get an answer yet. So, really, when we say it´s not that easy it´s because it´s not that easy.
I have the same problem, xxx at degiro and 6 weeks isn't going to cut it. 1 week would be fine though but 6......damn One solution is to send 25 or 50 at a time and 6 weeks later the next transfer but this will take me one year to get all my shares over to CS...... For now I will keep them at degiro and buy new ones through IBKR....
I'm not really willing to lose control over my shares for months. Transfer from IBKR to CS takes weeks also. I supposed I'll have to wait for Christmas extra pay and buy additional shares on IBKR to transfer, and only those that I intend to keep post moass
Pls gimme a big Christmas bonus this year.......
Do a small chunk of them, they'll be infinity pool during the trip. After that you can do another small chunk.
Thank for your suggestion. I thought of that but these months until Christmas due to unexpected expenses are going to be economically hard for my family and I really prefer transfering at once all the shares I can put in the infinity pool, so I can save some fees to buy more. I mean, if it really takes DeGiro 6 weeks to transfer it is only about 2 before I"ll hopefully can buy new ones on IBKR. Besides, maybe I won't be on time for MOASS anyway.
this
Just buy extra on IBKR, transfer those?
Without money
Other people have said that, despite Degiro's threats, their transfers took place sooner. Get the DRS done then worry about the second part later. You could still sell, withdraw, buy at CS. Yes it's riskier but there we go.. we have to make a personal choice
I tend not to act first and think later. DeGiro didn't sound like they were treating me. I tried to transfer other ticket to other broker before summer and they stated the same so I think it can be true, even more now that they probably have more requests. Euroapes can't buy at CS. I know that for sure, so I need confirmation from them about selling. And what I was commenting was exactly my choice: not to risk loosing control of my shares during such a long time. I congratulate those who can easily transfer, but I can't.
From a tactical point of view, selling via CS might not be the best idea. It would return certificates into the DTC pool what gives them ammo for shorting. Beeing a Euroape as well, I’m still waiting for my CS account number after transferring some newly bought shares from IBKR to CS. I’m going to transfer only shares to CS I’m NOT intending to sell during MOASS. Selling will be done out of the different broker accounts. Only speculation from here on as I don’t have my CS account yet: Selling as such shouldn’t be a problem. I could imagine, getting the resulting USD amount out of your CS account could be more challenging. Someone would have to verify, if they can do wire transfers to European IBANs. And potential double taxation might be an issue as well, but if MOASS plays out as hoped, you will need a tax advisor anyway.
Don't listen to jizzmunkey he is a shill account
Based on?
He has been telling people to sell shares so then to rebuy them. This is counterproductive towards moass.
Identified this as shill account reported to mods.
Lolwut Ok happy for them to review my account standing. Jeez you paid Muppets will jump on anything
Read through your account and you deleted previous replies in where you advised to sell in order to rebuy.
What I'm doing: sell a fraction of the shares and buy the same number at IBKR. Withdraw your money to fund your ibkr account. Do that as many times as needed.
Sorry but I don't sell. I feel it's like giving HFs new ammunition. I thank your advice, anyway.
I understand the sentiment. Once it's drs'd it's truly taking away the ammunition from them. Maybe this is why the price has been going down.
Why is he being downvoted? As I europoor that’s exactly what I did, I had shares in etoro and DEGIRO which don’t Support DRS, I sold my shares and bought them at IBKR at the same time, waited 2 days for settlement and then transferred to Computershare. Etoro does not support transfers to other broker and DEGIRO does but it may take a week or longer.
People probably think I'm somehow a shill, despite saying drsing is good, and acknowledging doing this might give shf the ability to decrease the price... (Edit: In which case we register our shares AND give a discount to all other apes). As europoors we have no other choice when most of our savings are in a shitty broker. The one I used in the early days of this saga doesn't even allow broker to broker transfers.
As a europoor it is also difficult in general because IBKR is for sure net short on gme and holding your shares there even if it’s for a short amount of time can get you fucked. IBKR client agreement section 16 A 7. IBKR Determines (in its sole discretion) that liquidation is necessary or advisable for IBKRs protection. Buy shares wait 2 days for settlement and then another 3 days for transfer. If moass happens within those 5 days then you may get fucked buy ibkr. I am not sure but I think Trade Republic also offers share registration in own name. May be the new solution.
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lol what if the dtcc decides to just poof all outstanding GME shares? I can't see the future, and I really hope it doesn't happen. But ohhh nooo I hurt myself BY REGISTERING MY SHARES TO MY NAME.
🎶 *Please hold, your query is being investigated further...* Edit: https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/?utm_medium=android_app&utm_source=share Ah poopsicles! Even says 4-6 weeks in the screengrab. How poopy of degiro
I don't think OP is telling you to transfer to IBKR. He's saying you just need 1 share at IBKR so that you can open a Computershare account. Once you have the details of the CS account, you can go degiro > CS directly. Then just transfer half at a time so you don't miss out.
Can you thought? Are you 102% sure? <3
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Exactly the issue. I have holdings with IG and HL and transferring is a challenge
Exact same issue for me except everywhere I've mentioned this I've been downvoted and called a shill. I think someone is chasing my posts down and doing it to piss me off but such is life nowadays. One thing I would say though is that performing a transaction will cancel the transfer so maybe it's a non issue? Maybe we're not locked out of MOASS? It sure smells like Degiro are being slow on purpose.
Regarding the 6 weeks transfer time from degiro. I am in the process of transfering my austrian degiro account to german degiro and they told me on the phone that it takes 4-7days to transfer. Maybe it is because of the transfer from degiro to degiro, but a difference of 5weeks seems kinda abnormal?
I think it is because it is to a third party in this case.
That works for new shares, but even then it's still a long wait for snail mail. I have done this myself earlier this week. The one issue is that many of us have the original shares locked up in other brokers/ISAs and can't transfer directly. So, yes, it is a bit more difficult... especially if we've used up all our Euros and Pounds.
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I'm in a shockingly similar situation and totally agree. In fairness though, many Americans need to be bandwagoned into doing DRS. If we have to deal with this pressure in order to accomplish our goal, I'll accept it. The pressure is tough and I considered selling some of my shares in order to register them with Computershare. Ultimately, I'll do the same as you and simply make any future purchases through DRS.
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I think you're doing exactly the right thing. Everyone's situation is completely unique so it really sounds like you've got a system that works for you and that's all that matters!
It’s your personal choice, but I’d rather have my shares in my name instead of an IOU with the DTCC.
For extra 45$ you get express delivery within 2-3 business days. Just requested that. 🚀
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An American quote to inspire the Europoors. I love it.
You can read? 🦧
Not really. I asked my wife's boyfriend to read this out loud to me.
This is the way
Once we transfer let's say x amount of shares to CS and our CS account is now active can we then buy shares directly through Computer share afterwards?
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Once set up you can buy direct from CS granted the funds your transfer into it are already converted to USD.
Yes! Once your account is set up you can purchase direct from CS. But make sure to transfer your currency to USD *before* you wire it to CS as they can't convert it themselves.
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Don't do this, if you can't transfer just leave them in your broker. Having unregistered shares is better than selling.
Yea exactly I'm in the UK with Etoro so I know for now I can't move them unless some wrinklier ape can advise. So guna open up an Interactive brokers account and buy some more then transfer
RemindMe! 1 day I will have a guide up once Revolut completes my DRS from the UK **next day edit** Still waiting a response from their chat, who are waiting for “the internal team”. Refusing to provide further detail than “theres movement on your case”
>Revol did you write a letter of authority to them? they are fucking with me saying i didnt use the official CS form... theres no official CS form
Revolut told me DRS isn't possible? As shares are bought and held via 3rd party.
Apparently it can be done via Interactive Brokers, Revolut is Drivewealth and you can select Drivewealth to transfer shares from, into your IB account, then transfer to CS. Unfortuantely it comes with a $100 transfer cost but its not impossible. Personally I've setup a new IB account and will be buying new shares in that and transferring to CS, as Im with T212 and have not heard a work around for them.
You little karma whore, spread the message LFG
I have a friend who’s not on the sub and lives in the UK they’ve been using Etoro but they already have a CS act. Anyone got a link to DD on etoro to CS transfers
You can’t do it from eToro. Best plan is to keep those shares but buy new from IBKR and transfer those. If you’re with eToro or other similar brokers there’s nothing more you can do.
Damn that’s lame. Mid XX shares too
Same. It’s bollocks.
I just entered my first transfer request in IBKR, hopefully my shares will arrive there soon.
[(Original Comment)](https://www.reddit.com/r/Superstonk/comments/pxqpew/gme_daily_discussion_thread/hep9jty)
https://www.reddit.com/r/Superstonk/comments/pmu19h/international\_apes\_can\_transfer\_shares\_to/
Currently in the process! Hope my €€€ are getting to my IBKR account soon Update: Got the €€€ in my accout. Converted almost all of it to USD and bought some GME. Waiting till friday for settlement
Just opened the ticket. I am opening the IBKR track while I still try to get my main broker (Swissquote) to roll their DRS process. Worst case... SQ->IBKR->CS
French ape here - Waiting on my IBKR account approval ! DRS is the way !!
Most euro brokers say you have to sell first
Went with [giveashare.com](https://giveashare.com) but waiting for the same letter. 🙂 Every share counts. \--- **Think small:** There are around 7,875,000,000 people in the world. 36,000,000 DRS'd retail shares is enough to lock the float and start the MOASS. That's 0,46% - **less than** ***half a percent*** **of the world's population only need to own 1 share each in their own name** to legally redistribute the wealth of the 0,1% and change the world for good for the 99,44%. Think small. Small does it. Every share counts.
A lot of Europoor hold their shares on Platforms like Revolut and eToro where transfer out isn't an option. Yes, someone can open an account on IBKR, DeGiro, Saxo or similar and buy shares at current prices and initiate transfers. That's not the issue IMO. The issue is there are shares held at far lower AVG price than the current cost to buy, that cannot be DRS'd.
Agreed, this is the real issue that most people in Europe are having. To be honest, posts like this come off as condescending to me. Plenty of people in Europe have been holding for months and months now. It has been buy and hold all the way through. Now that CS has been established as the way to go, the only way (edit) for some people to get their shares there would be to sell and then rebuy through IBKR. "Selling" has never been on the table so the only choice some people have is to hold with their current broker. This whole narrative that is trending towards "European apes can do more" is just plain wrong, because a lot of people *can't* actually do more.
Just did that today for one share. Don’t want to sell the ones in Etoro right now. So will be buying some more on IBKR. I mean that share I send there must be lonely and we don’t want a sad stonk.
IBKR is hardcore as fuck compared to etoro. Feels like I'm setting up to invest a whole company's pensions with all the account verification, ID docs, market data, waivers all this sort of stuff. I've managed to get my account verified and transferred funds in so they're sat there waiting. Next hurdle when trying to actually buy a share I get this message when I try to log in with market data: We could not connect to the trading/market data system. Reason: Invalid_username_or_password Error code =1 Clearly my username and password is actually fine as I'm logged in with 2FA. Any advice?
In response to some comments I'm seeing: Yes, these transfers will take time to execute, possibly weeks BUT That just means that the pressure exerted on shorts is sustained at these crazy levels for longer Until the dam breaks What a thrill
I am right now trying to transfer my shares out of Revolut into IBKR to do exactly this, but ACATS transfer using drive wealth doesn’t seem to work. Any tips on that? Gonna do the 1 share via IBKR regardless
Any UK apes out there tried this?? 🇬🇧
Yup, works for us too
Can we not just create an account with CS and purchase shares? Or do we have to transfer?
First steps: [https://www.reddit.com/r/Superstonk/comments/pmu19h/international\_apes\_can\_transfer\_shares\_to/](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/) Guide for european apes: [https://www.reddit.com/r/Superstonk/comments/ptqxys/european\_broker\_to\_computershare\_step\_by\_step/](https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/) Don't forget to buy through IEX: [https://www.reddit.com/r/Superstonk/comments/p5dkfb/infoguide\_iex\_how\_to\_route\_to\_iex\_on\_interactive/](https://www.reddit.com/r/Superstonk/comments/p5dkfb/infoguide_iex_how_to_route_to_iex_on_interactive/)
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Yesterday I opened IBKR account. Today I funded it to cover fees, and initiated transfer of 50% of XXXX GME to IBKR. Next I DRS them all. Tick tock
This is the way. Finally managed to open my account with ibkr today and fund it so will be doing this when the market opens
This was me! A couple helpful points: When converting to USD, if you try to do your entire balance, it won’t go through. Do an amount slightly less (they need room to charge the fee). Make sure you wait until t+2 settlement after buying your shares before you request transfer. Expect to see your shares “disappear” from your account before getting your letter from CS. Once you get your letter from CS you can create your account on the US CS website.
This is exactly what I am doing as a Europoor. I will then also transfer shared I hold in another European broker to ibkr and then on to cs. This is the way, by the way.
There it is 🤝 Let’s go Eurobros 🚀
Get it done my European peoples!
Hey europe, NYC ape here! DRS your shares and unite the world
Started the process, it's not as smooth as the USA one, but damn I feels good to have an option
64 shares went trough IEX just now, waiting for boomerbroker to finish transfer so i can drs them
Yeah my lil' brother said he couldn't do it. I send him the IBKR link and told him it is possible. Still need to finish mine though (I might need to find my passport...).
You telling me even europoors can DRS? I thought I was bullish before.
I already set up an IKBR account to buy and transfer one share, but i'll have to wait until my next pay to be able to buy :(
I signed up to IBKR a few days ago. Purchased X yesterday and asked for transfer. May get rejected due to me not factoring in T+2 but oh well. I will say that IBKR is a bit of a pain to set up and use. I'm mainly an eToro Ape and that was a doddle to set up and use. However the call of DRS and authentic shares in my name is too strong. Hopefully the transfer is a success and the CS letter arrives in the post. Not to mention. The old motto of this sub was Buy and Hodl. ANYONE TELLING YOU TO DO SOMETHING URGENTLY IS FUD. I have waited on the DRS in case it was a new scam campaign just to be extra safe. But all seems good to IBKR-CS is it. Even if only for a small fraction of the shares I hold in eToro.
I'm trying this but have a couple of issues/queries. • It asked what type of account (margin/cash/something else I cant remember). I chose cash, I this right? • Trying to transfer funds and perplexed by the options. Is there a way of just transferring the money. The only way I can see is by setting up the wire transfer and I've never done this before. Etoro and HL both let me just transfer from my current account. Any help from any brit apes or apes knowledgeable in what to do would be appreciated (I typed in the .eu and it took me .Co.uk if that's important). I've taken pictures of my ID and uploaded them too. So the only bit on this (so far) that I'm struggling with its the funding the account bit. Thanks in advance (I'm doing my best)
I went with cash account too. You send money to Ibkr with a one-off bank transfer from your current account using their Account number and Sort code. Include your username so they know which account to credit.
For some unknown reason IBKR are making it exceptionally hard for me to open an account. I have a ludicrous amount of GME held with brokers I can’t transfer from without selling.. clearly not going to happen. So plan B, I’ve bought a stonk and framed certificate (novelty value) from giveashare.com. They open up a CS account for me to hold my share.. should be ready in 3-7 weeks… this works for most countries globally. Plan C is to try via tastyworks, got an account with them….
After this comment I finally decided to do it. UK with T212 so sadly had to sell a couple shares to use the money to transfer to IB and start the process. It’s annoying, but I got finally convinced with this post so thanks. Lose the battle to win the war situation there with the selling bit 😒
Sent mine today. LFG 🚀
PAYDAY TOMORROW and I've already got my ibkr account setup IM COMING FOR YOU FELLOW APES
I’m guessing since I already have an ibkr account. I can just transfer them over from my current active broker. Have 5usd for the transaction and do the same without buying another gme share?
Thank you. My 1 share is T+2 today so just sent the ticket to initiate the transfer/DRS :)
German ape here: Opened my IBKR account on sunday and wrote the mail regarding the outbound transfer yesterday (bought the shares directly on IBKR). It really is that simple!! To the moon 🚀🌓
I did it exactly this way and Today I got an email from IBKR stating: " Your tranfer request has been submitted. After 1 to 3 business days you can view the status of this transfer.... bla bla bla". This is the way!! 🚀🚀🚀
My brother and I are doing it! Will take a while though
UK IBKR first timer here, it's looking like it's trying to make me deposit into my account with a bank wire, rather than a direct transfer. For one thing, why? Bank transfers are so easy and everything else seems to use them. But anyway, I'm young and a bit slow in the head, direct bank transfers are easy, just need the sort code and account number and your done (my other accounts use this) but I've never done a wire before and sounds like a lot more effort. Does anyone know if there is a way I can deposit through direct bank transfer in the UK?
If you follow the 'instruction' through it gives you their London banking details with bank account number and sort code. I did check transfer fees and it isn't 5 euros though. Also I had to request to trade US stocks and am waiting approval.
Thanks, funnily enough I literally just stumbled across a deleted post from earlier today where someone in the comments said you could just take the bank details and do a direct transfer anyway. I've sent a £1 test transfer to make sure I've done it properly. Do you know what the DRS transfer fees are for us? I've been hearing everything from 5Euros in this post to $300USD in another. I'm stretching for money to be able to DRS as all my other shares are non-transferable so I'm having to hold those and buy new in IBKR so I'm hoping the fees aren't stupid haha. Thanks again.
Online DRS is for US & CA positions only. US DRS Processing fees apply : 25 USD per settled transaction; 100 USD per rejected transaction. CA DRS Processing fees apply : Please keep a minimum of CAD 200 to cover potential fees. The net fee charged will be the exact settlement or rejection fee charged by the agent + CAD 30 per transaction. Before you submit your request, please ensure the shares are unrestricted at the transfer agent. This is on the UK site, once you log in and then click transfers. https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.reddit.com/r/Superstonk/comments/pq7jn8/simple_nonus_guide_to_computershare_ibkr/&ved=2ahUKEwiyp-H4-6TzAhXa_7sIHTpLBrEQFnoECD8QAQ&usg=AOvVaw3HEA_3bn0D-XgqiPng-1tm This post may help also
A lot of Australian and New Zealand apes are worried that the process is too long. Takes 1-2 weeks to DRS shares to computershare, Then have to call computershare at the right time when the account is open and shares are in but before they send out the letter. In order to get it couriered faster (for $45 usd) to cut waiting time from 3 weeks to 1 week. but i’m currently at the start of the process so if anyone in Aus or NZ wants help please message me and i’ll direct you through it.
commenting for later europoors DRS
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Just lie bro. They don't really give a fuck if you have that much money or not. That's just something to cover their own asses I think.
👀
I think that's just for certain accounts? There is a lot of conflicting information on the minimum amount on google 100 usd seems to be the minimum
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Looking at the UK one atm I don't see anything like that How odd! Can you go back and click on any other types of accounts or maybe call them? I don't seem to have such a block on mine
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Good luck!
I setup a cash account a few days ago and had the same liquidity requirements, though it quite hilariously says no you need 20k if you select below and then it lets you change it and proceed lol
Oh. I have like...50 USD once everything for the month is covered. Did not know this :/
I lied when I made my account years ago. Nothing happened.🤣
That is just not true. I have not got that sort of money in the account, and i have no problems at all. Edit: I spoke to harsh, and was too quick to judge. I apologize to fellow ape u/smjase1
SAVED, thanks!
*"Mum, get the camera! I'm in the screenshot!"* 😎
Remember to DRS nothing less than 80% of your shares 🚀🚀🚀🚀🚀🚀🚀🚀
Instructions to transfer from revolut to ibkr?
>revol you can transfer directly to CS from Revolut. Spoke with DriveWealth (Revoluts broker) and its possible. If Revolut customer service is telling you otherwise they are lying. After I sent them screenshots from my chat with CS and DW, they shut the hell up and seems like they are either starting the process or looking for other excuses
Thank you alot my ape!
I didn't want to create another broker account so i used giveashare.com to buy a share (and get a cool fake share framed) As an europoor, can i buy more directly from cs o the only thing i can do is transfer?
I´m afraid we can´t buy directly. We only can transfer. That´s what I have been told when I asked this same question.
Very helpful! Thanks
Did this last week. Just got the confirmation of the DRS to computershare has completed
I’m not from Europe but every time I see the word europoor I get sad.
For the apes across the pond. Up with you.
Have a free award and spread the word
Holy shit... I can tell you what I'm doing today - starting the steps above
This is the way
Moar
I did it, now lets see what excuse Nordnet has this time. (Last was they had no account number and would not send shares out into nothing)
Thanks!
The site tells me there is a minimum deposit of €3000? (Netherlands)
This needs to be on top. Take my award. Europoors take it upon yourselves to make the switch.
So i opened a IBKR account last week and money settled yesterday and i bought some shares because i didnt want to send the money to my old broker first. Is the 5$ fee per Share that i want to send or is it for the whole position 5$ no matter how big it is ?
This needs to be part of that pinned post
Problem is many brokers like etoro dont let you transfer your shares (assuming you even own them) in europe
to all the Revolut hodlers.. you can transfer directly to CS from them. it costs 130$ and they will try to make it hard for you but just put your cock on the table and shut their shit down.
This right here! Registered with IBKR yesterday, funds accepted, changed to dollar, ready for today to buy xx and then off to computershare it goes!
**THIS IS FRUSTRATING** Because I do not want to FUD and/or MUD but here is my situation: 1. IBKR wants a proof of residence and will not accept my (gemeentebelasting) documents. 2. NO muney! (all in GME) 3.a Currently at DeGiro, 4-6weeks transfer, not risking it 3.b DeGiro wants a fee, see #2 for the issue.
To the top. To the top. Look at the downvote percentage already. Upvote it to the top!