Embark on a Smooth Transition: Navigating Your Way from Robinhood to Webull.

Title: How to Shift Your Investments from Robinhood to Webull

Looking to transition from Robinhood to Webull? No worries, we’ve got you covered with a straightforward guide.

Webull, known for its generous offers to new users, could give you up to 12 free stocks for joining. Once you register, you’ll be rewarded with two free stocks valued between $3 to $3,000. With any amount you deposit, you may get up to 10 extra free stocks. Sounds good, right? Get started via this link.

So, what does moving portfolios between brokers like Robinhood and Webull look like? Don’t stress if you’re new to this—it’s a regular thing! Most common asset transfers like bonds, stocks, and listed options are managed through an automated procedure called ACATS (Automated Customer Account Transfer Service). Just remember, your information must match on both platforms, or your application will be rejected. Once approved, you usually have to wait three business days for your current platform to send your asset list to the new one.

Here, we’ll walk you through the simple steps to transfer your investments from Robinhood to Webull:

1. **Collect Your Information**
First, get your Robinhood account number. You can access this by clicking on the “Account” icon on the app. Webull may additionally ask for your latest Robinhood statement and DTC number, which is 6769 for all Robinhood accounts.

2. **Check Your Account**
Make sure your Robinhood account is all clear before initiating a transfer. If you’re a Robinhood Gold user, ensure there are no negative balances and you can cover any transfer fees. You want to avoid potential delays!

3. **Initiate Transfer**
With all the needed info and a cleared Robinhood account, you’re set! Head over to Webull, open an account (remember it has to match your Robinhood account!), and start the transfer within the app.

Next, you’ll need to choose between a full or partial transfer. A full transfer moves your entire portfolio and locks your Robinhood account, while a partial one lets you select specific assets and keeps your Robinhood account active.

Curious about what happens to your assets? Stocks and ETFs will be handed over to your new Webull account. If you have options contracts, they’ll also be transferred, except those expiring within five business days. Any fractional shares or cryptocurrencies you own will be sold and transferred as cash.

Lastly, a few tips to ensure a seamless shift: thoroughly read through the transfer process, ensure you meet Webull’s policies, complete trades before initiating a transfer, and don’t hesitate to ask questions if you’re unsure about anything.

What if your transfer gets rejected? Get in touch with Webull for specifics on the error, resolve any issues, and resubmit your request.

With patience and preparation, your Robinhood to Webull transfer can be smooth and successful. Give it about six business days, and voila! You’ll be trading on your new platform. Happy Investing!

Choosing between different investment platforms? Check out the services offered by great platforms such as Public, Moomoo, and Webull:

– **Public:** Offers commission-free trades, cryptocurrency access, fractional shares, high-yield accounts, investor community, and a user-friendly interface.
– **Moomoo:** Provides commission-free trades, powerful screening and charting tools, AI-powered forecasts, free investing courses, and a mobile app.
– **Webull:** Gives you free trades, option to buy fractional shares, extended trading hours, advanced reporting tools, and quality customer service.