Anyone can comment on IB’s handling of position transfers via ACATS? Will the cost basis be preserved? I am a bit scared dealing with IB support for this. Automated Customer Account Transfer Service (ACATS) Description US Broker to Broker position transfer system. Requests to have your cash and positions automatically moved from a third-party US broker to IBKR are initiated from the Transfer Positions page in Client Portal. For details, click here. When you request an ACATS transaction, you have the option of creating a new Position Transfer Instruction or using an existing Position Transfer Instruction. For a full ACATS transfer, you can perform a position eligibility check prior to submitting your request to verify that the positions you want to transfer are eligible for your selected transfer method. You can enter positions manually or upload the positions in a .CSV (comma-separated values) file. You can also upload positions in a .CSV file for a partial ACATS transfer. Time to Arrive From four to eight business days depending on your third-party broker. Limitations ACAT transfers may be unavailable for withdrawal or transfer up to 30 days. No options transfers during expiration week. Long and Short (Short Against the Box) of same position will be netted upon receipt through an ACAT.
Yeah, they’ll probably won’t be of much help with this. Don’t worry, you will get through this in time. All the very best to you.