1. Stocks can only be transferred when names on both accounts are the same.
2. Fees: Moomoo Financial Inc. doesn't charge any fees to transfer your stocks, but another broker may.
3. Processing time: For HK stocks, once the other broker transfers stocks out of your account, it will take 1-2 business days for Moomoo Financial Inc. to receive the stocks. For US stocks, Moomoo Financial Inc. needs to confirm the client's identity with the other broker. It will take a longer time, approximately 3-15 business days (the processing time is for reference only; Moomoo Financial Inc. shall not be liable for any delay).
To transfer your shares from another broker to Moomoo Financial Inc., you need to submit instructions to both receiving party (Moomoo Financial Inc.) and delivery party:
I. Submit a receiving/inbound-transfer instruction to Moomoo Financial Inc.
II. Submit a delivering/outbound-transfer instruction to the other broker
After we receive your receiving/inbound-transfer instruction, we will contact the other broker to match their delivering/outbound-transfer instruction and arrange a date for delivery.
Please follow the instructions below to initiate an inbound transfer on moomoo.
Click Trade > Brokerage Account > All > Transfer Stock In
Please choose the receiving market. If there is more than one, please submit your transfer requests separately.
2.1 Choose where you want to receive the stocks
Please choose the eligible Moomoo Financial Inc. account to transfer into.
2.2 Enter broker information
Please choose where you want to transfer the stocks from. If your broker name does not display, choose Other Broker to enter the name manually.
Account Number: Enter your account number at the other broker
Account Name: Enter your account name at the other broker. Names on both accounts must match
2.3 Click Next to enter stock information
Confirm the broker information, the stock symbol, and the quantity you entered, and submit the request.
Note: The above information is for reference only.
Please contact the other broker on their requirement for delivering/outbound-transfer instruction.
Necessary details can be found below:
After completing the above procedures, please stay tuned. Staff at both brokers will follow up on your transfer request.