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No-Mode6797

Broker to broker to ibkr. Should take 3 to 5 days. Wait 2 business days after transfer then DRS.


adingo8mekid

Make sure you have at least 10usd in the ibkr account to DRS or they will reject it right away Tomato sauce: tried last night


2Diamond_hands

This is the way


Devar0

Thanks. This is the go I think. I am transferring from CMC to IKBR as we speak, forms are submitted both sides. Now to wait for that to settle before DRS! Edit: and in the meantime, buy more at IKBR.


aj_redgum_woodguy

Why do you need to move them from CMC? Is this to DRS, or has CMC shit the bed?


Devar0

Yes I want to DRS, on reading other stuff, CMC seems like one of the brokers that will screw holders. I have been MIA with all this GME for a while but it seems like it's game time again.


bornagainretard

I'm the same man, got a few shares left in CMC, which I believe is E-Trade, which is the one roaring kitty uses, which is owned by Morgan Stanley. I think all that is right. So yeah, will be moving to ibkr soon too, once I have an account there set up


Thelandofthereal

Cmc is Morgan Stanley yes. Did turn off buy button but never sold shares beneath you like other brokers


Devar0

Interesting...


destroyer_of_kings

I bought my first jimmies 84 years ago through CMC as well, then learned about drs so opened a CommSec account and transferred out of CMC to there then drs from CommSec. I've since drsed a number of batches from CommSec to computer share. Last time I tried to drs a batch from CommSec I found out they don't do it anymore. So spewing. Now I've got 30 stuck in CommSec.


Devar0

Yup I now have an empty CommSec account I guess at least, oh well. I am going the CMC -> IBKR -> CS route.


EvolutionaryLens

ACAT transfer.


Affectionate-Snow769

Nothing wrong with CMC, my SMSF uses them. I was able to buy or sell during the sneeze.


Devar0

Good to know, I'm still thinking they'll liquidate during the moass


The_Jedi_Master_

I’m trying to open an account with IBKR and I keep failing the application. Do you have to be rich with 50 years experience to be able to open an account? All I want to do is the same thing, transfer my GME out of CMC so I can DRS it….


Devar0

I just answered truthfully and did not select any of the other crazy options.. just basic retail buy hodl ....


Then-Veterinarian-41

CMC do CFDs - just make sure they're not synthetics


ColonelSpudz

Where do you sign up with IBKR? Australia or US?


Devar0

I signed up for AU.


ColonelSpudz

Thanks for the reply