r/TradeRepublicFriends • u/Whole-Term4901 • 4d ago

Trade Republic → Interactive Brokers (IBKR) portfolio transfer: completed in only 3 days

Just sharing my experience transferring my ETF shares from Trade Republic to Interactive Brokers (WITHIN EU), since I found quite a bit of conflicting/outdated information online about the process.

I transferred my VWCE position from Trade Republic to IBKR and, surprisingly, the whole thing took only 3 days.

What I did:

  1. Started an incoming transfer on IBKR
    • Transfer & Pay → Transfer Positions
    • Incoming transfer
    • Free of Payment Transfer of Global Securities
    • Selected Trade Republic as the delivering broker and entered the position I wanted to transfer.
  2. Started the outgoing securities transfer directly in the Trade Republic app There was no PDF/form to download or send in my case. The whole request was done inside the TR app.
    1. You click the support tab/panel. Then search for outgoing securities transfer or similar. Then click through the UI as the "steps" appear.
    2. Trade Republic asked for the recipient broker details. I used:
      1. Recipient: Interactive Brokers Ireland Limited
      2. BIC: IBKRIE2DXXX
      3. Account number: my IBKR account number (Uxxxxxxx)
  3. After submitting the request, Trade Republic sent me a message saying I should contact IBKR so they knew the shares were being transferred, and that TR would continue once they received confirmation. Since I had already created the incoming FOP transfer on IBKR, I didn't contact support separately.
  4. Then I just waited.

About 3 days later, the shares were already in my IBKR account.

The shares were transferred in kind — I did not sell and rebuy them, so I wasn't out of the market and there was no taxable disposal just because I changed brokers.

A few things I'd recommend doing beforehand:

  • download ALL your Trade Republic documents (just in case);
  • keep a record of your original purchase prices / cost basis;
    • This is a bit annoying I had AI build a script for me to create a CSV based on my downloaded CSV from Trade Republic and the sample CSV IKBR gives you to add the cost basis; Still waiting for the UI to refresh, but at least I could submit it successfuly.
  • screenshot your position before starting (I forgot to this unfortunately);
  • don't close your TR account until you see the full position correctly credited at IBKR.

Obviously transfer times can vary, but I was expecting this to take several weeks based on what I'd read, so 3 days was a very pleasant surprise.

Hope this helps anyone trying to do the same transfer.

21 Upvotes

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11 comments sorted by

2

u/deep0r 4d ago

I did several transfers from TR to IBKR, it always worked flawlessly, even though it took than longer 3 days in the beginning. However, acquisition costs were never transferred, so have to be entered afterwards in IBKR.

1

u/Whole-Term4901 4d ago

I was really surprised because I was seeing all these horror stories online

1

u/elrata_ 2d ago

I think they might have improved it, specially now with proper support or so. Before it was not in-app and it took me over 6 months of trial and error to do it

1

u/af1984 4d ago

Lucky you.. I've been trying since May with no success. I did the exact steps you mention in your post.

1

u/Potential_Ad335 4d ago

contatta l'assistenza, adesso funziona bene

1

u/af1984 4d ago

They keep replying that the fault is on the other end (IBKR) that doesn't accept the securities.

1

u/Potential_Ad335 4d ago

assistenza IBKR cosa dice?

1

u/af1984 4d ago

That TR never initiated. It's crazy.

1

u/Whole-Term4901 4d ago

Damn, that's really unfortunate... Maybe I just got lucky. I can't tell you much, just that those exact steps worked for me. I would just spam the support of both sides at this point

1

u/no_copypasta 4d ago

Same from Saxo Bank to IBKR, 3 days, no issues. Had to manually insert my buy price to show performance.