Do I have to open an account with PennTrade before I transfer in an account from another brokerage?
Yes, you must first establish an account with PennTrade before you can transfer an account. Please go to http://secure.penntrade.com/nac.html to apply online. [ top ] Can I transfer my account/securities from another brokerage? Yes. To do a full or partial account transfer, you will need to download our Transfer of Assets form by clicking here. Please complete and sign this form and return the originally signed form along with a complete copy of your most recent statement from your other brokerage. Be sure, for PARTIAL transfers, to indicate the positions and/or cash to be transferred. [ top ] How long does it take to transfer securities from another brokerage account? PLEASE NOTE: Account transfer’s timeliness are dependent upon the delivering firm (your old brokerage) acting upon the transfer instructions they are given. Automated account transfers (full & partial) usually take 7-14 business days. Non-automated account transfers can take 3-5 weeks. [ top ] Can I transfer a margin acc
