Hey all, just another person transferring from Robinhood to Webull. Tap on ‘Deposit’ at the bottom row of icons. It’s been 12 days for me and my buying power didn’t transfer to webull. Our primary concern is preventing the proceeds from illegal activity from being used for transactions on Robinhood Crypto. I tried for days but it kept saying I couldn’t because the account was deactivated. Not all my shares have been transferred. Can I do this for free? The buying power also said it was withdraw-able so it had to have been mine. This sucks. Here's how to transfer stocks from Robinhood to Webull. Documents & Taxes. Using the Webull app, initiate the transfer by following these steps: Navigate to the Webull logo page or the deposit page and hit ‘Transfer’ Tap on ‘Transfer Stock into Webull’ Choose the broker to transfer from (in this case, it’s Robinhood) Here's how to transfer stocks from Robinhood to Webull. Hey so I recently initiated a full transfer out of Robinhood to Webull, did all the steps properly and immediately my RH account gets restricted and deactivated as if the Webull request triggered it. I’m wondering if anyone in here recently transferred and has encountered this problem. Both investment platforms provide two types of support: email support and online support in the form of a help center. So I recently transferred my stocks from Robinhood to Webull but am experiencing 2 issues and am curious if people have also experienced them or are also going through this. I just did a transfer from Robinhood to Webull for obvious reasons. For those who made the transfer already, did Robinhood deactivate your account before Webull finished “review?” This happened to me and want to ensure it’s the correct process thank you! Press question mark to learn the rest of the keyboard shortcuts. In other words, you'll have to pay $75 even if you don't move all of your assets out. ... Robinhood banned GME, AMC and other meme stock buying today. The migration from Robinhood to Webull was short-lived, even though it was promoted in media outlets notorious for feasting on amateur traders like The Motley Fool. Then tap on the ‘Transfer’ button in the middle of the screen. 5) In order to protect our customers, Webull does not support account transfers below $500 due to the high transfer cost. In a mirror move to Robinhood, the app tweeted that it also blocked access to AMC, Koss Corp., and GameStop. However, the cost basis/average for them is VERY different from what they were on Robinhood. Because Robinhood charges nothing to move securities (full or partial transfer), using the ACAT system is the way to go. Robinhood and Webull offer their customers similar support options. My stocks transferred over as of yesterday but my buying power that was in my Robinhood account completely vanished after days of trying to transfer it to my bank and not being allowed. I began my transfer from RH to Webull last Friday. According to Webull's website, wire transfers usually complete within 1 business day. Btw I am doing a full transfer! We tested ACH transfer for depositing and it took 5 business days. A large majority has but I’m just not sure what happened to the handful that stayed at Robinhood, any idea as to what’s up? Neither one offers phone support or even list a phone number anywhere on their websites. There's a $75 fee to transfer assets out of Robinhood, and this applies to both partial and full transfers. We don’t support transfers of your existing cryptocurrency assets or wallets into your Robinhood Crypto account. I requested a transfer on the 1st of February and I got rejected !! Any advice/guidance would be greatly appreciated! It’s been 11 days and I never got the money ! How long did it take you exactly to start seeing your money (buying power) ? Next, tap on the Stock Transfer … The transfer is handled by the receiving broker. In its tweet, Webull said that it no longer allows clients to open new positions in these stocks “due to … ... help Reddit App Reddit coins Reddit premium Reddit … I just did a transfer from Robinhood to Webull for obvious reasons. WeBull, which temporarily restricted trades on stock from companies like GameStop and AMC, lifted those restrictions around 2:40pm ET on Thursday. Webull also closed off access to certain names. Hey so I recently initiated a full transfer out of Robinhood to Webull, did all the steps properly and immediately my RH account gets restricted and deactivated as if the Webull request triggered it. To get started, you’ll actually want to head over to Webull. ACH or Automated Clearing House transfers are completely free. Inside the Webull app, request an ACAT transfer. Press J to jump to the feed. Transfer from Robinhood. My stocks transferred over as of yesterday but my buying power that was in my Robinhood account completely vanished after days of trying to transfer it to my bank and not being allowed. I emailed both of them and I didn’t got an answer. I also had margins turned off. When I transferred it took 5 full business days, but after that I was able to trade fine. Tap the drop down menu in the top right corner Tap “Investing” and your account number … To find your Robinhood account number, tap the account icon in the bottom right corner. How long ago was your transfer? They recently added 100% free IRA accounts Robinhood and Webull both offer instant funding of accounts, allowing you to get an initial credit of up to $1,000 as the broker awaits your bank transfer to arrive. Help. 4) Your broker may charge you $75 for transferring out; the specific amount varies by brokers. Get a 2 FREE STOCKS when you open and fund your account with $100. When I went to try again it was gone. At the end of 2020, Webull was receiving an average of about 850 transfers from other U.S. brokerage accounts every day, roughly half of which it estimated came from Robinhood. Webull Pros. I know I’d only get $1,000 worth of instant deposits but would I be able to use that at 4am or would I need to wait until 9:30am? Reddit users intent on taking GameStop and other heavily shorted stocks to the moon this week are bringing Webull along for the ride. But I checked and you are absolutely right. Also, I’m looking to transfer my portfolio over from Robinhood. Cookies help us deliver our Services. Thanks! By using our Services or clicking I agree, you agree to our use of cookies. Adding funds to your account is easy, but is only possible through the mobile application.