Can I transfer a margin account to PennTrade?
We will accept margin account transfers on a case-by-case basis. Please contact us before transferring a margin account. [ top ] Can I transfer an account with a different title/social security number? No, regulations do not permit this. Account types must match as well. For instance, you could not transfer a ROTH IRA from another firm into your Traditional IRA with PennTrade. [ top ] Can I trade securities I am transferring from another brokerage during the transfer process? Once you submit an account transfer form, your account will most likely be frozen at your existing brokerage. Do not attempt to trade any securities you are transferring, as this will delay the transfer process. [ top ] Can I transfer part of my account from PennTrade to another brokerage firm? Yes. We must ask that you initiate the outgoing transfer by contacting the other brokerage firm (the “receiving firm”). If the transfer can be done via ACAT (Automated Customer Account Transfer service) then the receiving f
