The Transfer Assets Out feature allows you to move eligible positions from your Longbridge account to an account at another brokerage firm. Because this is a brokerage-to-brokerage transfer, your cost basis is preserved.

Important
A $75 fee is charged upon a successful transfer-out. Please ensure you have sufficient cash in your Longbridge account to cover this fee before submitting.
Note
To transfer assets out of Longbridge, you need to initiate the request from your receiving brokerage firm — not from the Longbridge app. Once the receiving brokerage submits the transfer request through the DTCC system, Longbridge will process the request accordingly.

Before You Begin

Before initiating a transfer-out, make sure:

  • Your Longbridge account has no restrictions that would block an outgoing transfer.

  • Your Longbridge account has sufficient cash balance to cover the $75 transfer fee.

  • The receiving brokerage account is held under the same name as your Longbridge account.

  • The positions you want to transfer are settled and not subject to pending trades.

  • The positions you want to transfer are eligible to be held at the receiving brokerage, as ineligible positions may cause the transfer to be rejected or returned, resulting in additional fees.

How to Submit a Transfer-Out Request

Transfers must be initiated from your receiving brokerage. Please log in to your receiving brokerage’s platform and submit the transfer request there.

Tracking Your Transfer

To check the status of your transfer-out request:

  1. Go to the Transfer page and tap the arrow next to Transfer history.

  2. Filter by Transfer-out in the Type & Status dropdown if needed.

  3. Tap any record to open the Transfer-out Details page.

FAQs

Q1: Do I need to contact the receiving brokerage to start the transfer?

Yes. You should initiate the transfer request from your receiving brokerage firm.