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Old 09-13-2007, 02:35 PM   #1

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ACATS transfer into Interactive Brokers
I am novice trader switching from my current broker to interactive brokers and thinking of using an ACATS to make the transfer. Currently I am all cash in my present broker. Is ACATS a safe mechanism? What is the best, safest means of moving cash from my old broker to IB. don't want to make a novice mistake and assume that things will just go well.

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newtrader05
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Old 09-13-2007, 03:35 PM   #2

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Re: ACATS transfer into Interactive Brokers
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Originally Posted by newtrader05 »
I am novice trader switching from my current broker to interactive brokers and thinking of using an ACATS to make the transfer. Currently I am all cash in my present broker. Is ACATS a safe mechanism? What is the best, safest means of moving cash from my old broker to IB. don't want to make a novice mistake and assume that things will just go well.

Thanks,
newtrader05
ACATS is quick and easy. Much safer and easier than sending a check or money order. If done correctly cash should be there within days.
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Old 09-13-2007, 11:18 PM   #3

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Re: ACATS transfer into Interactive Brokers
ive never had a problem. quick and easy it is
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