Withdraw money directly from IB to other broker or crypto exchange

Discussion in 'Interactive Brokers' started by blink18, Feb 12, 2020 at 2:50 PM.

  1. blink18

    blink18

    Is it possible to withdraw money from IB to other broker or crypto exchange where I also have an account? Or do I have to first withdraw to my bank account and then transfer to my account at other broker or crypto exchange?
     
  2. Yes you can withdraw to another broker as long as the account is in the same name.
     
    Last edited: Feb 12, 2020 at 3:33 PM
  3. RedDuke

    RedDuke

    Yes you first need to withdraw to your personal/business account where it came from.
     
  4. easymon1

    easymon1

    why not contact the target account and get their take on the most friction free way to get er done?
     
  5. what, no you don't, it's called an ACAT transfer and it's free and also even takes care of positions.
     
  6. ZBZB

    ZBZB

    They told me you could not do a third party withdrawal to a crypto exchange.