CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Follow this simple procedure to transfer positions ro your Multi-Market account.
1. Log in to the Account management with your login details.
2. Click on Transfer & Pay and select Transfer positions.
3. In the next window, click on Incoming.
4. Select the region of the delivering firm.
5. Select Free of Payment Transfer of Global Securities (Basic FOP) and enter the information of the vendor (bank or broker).
6. Click Add Asset, follow the prompts on the screen and then click Continue.
7. Type your signature and click Continue. (Click Back if you wish to modify your transfer request.)
8. Click View form and print the Customer Account Transfer - Letter of Authorization. This is the form you need to send to the bank or (carrying) broker who will send the positions.
9. Sign and send the letter of authorization to your third-party (carrying) broker.
10. Instruct your third-party (carrying) broker using the procedure that they have defined. IBKR will not be able to expedite transfers that are not properly instructed at your third-party broker.
You can track the progress of your transfer request via Client Portal under the Transfer & Pay menu followed by Transaction Status & History.
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