Yes, you can transfer stocks from Robinhood to Fidelity, and it's a straightforward process

You can move your stocks, ETFs, and other holdings from Robinhood to Fidelity through a process called an ACAT transfer (Automated Customer Account Transfer). Fidelity handles most of the work on their end, and Robinhood is required by law to cooperate. The transfer typically takes 5 to 7 business days, though it can occasionally take longer if there are complications with specific holdings.

The key thing to understand upfront: you're moving the actual securities themselves, not selling them and moving cash. That means you won't trigger a taxable event during the transfer, and your cost basis (what you paid for each share) moves with you. You'll keep the same number of shares you had on Robinhood.

Key Takeaways

  • ACAT transfers move your actual stocks and ETFs to Fidelity without selling them, so you don't create a tax event.
  • Fidelity will initiate the transfer on their side; you don't need to contact Robinhood directly in most cases.
  • The process takes 5 to 7 business days, and your account at Robinhood will be closed once the transfer completes.
  • Robinhood may charge a transfer fee (typically $75 to $150), though Fidelity sometimes reimburses this if you ask.
  • Some holdings like fractional shares, options, and certain cryptocurrencies cannot transfer and must be sold before moving.

How to start the transfer from Fidelity's side

Open an account at Fidelity if you don't already have one. You'll need a brokerage account (not a retirement account like an IRA, unless you're transferring an IRA specifically). Fidelity offers a standard taxable brokerage account at no cost.

Log into your new Fidelity account and look for the transfer option. On Fidelity's website, this is usually under "Accounts & Trade" or "Transfer Funds." Select "Transfer Securities" and choose "ACAT" as the transfer type. You'll be asked to provide your Robinhood account number and the contact information for Robinhood (the brokerage firm details, not your personal info).

Fidelity will ask which securities you want to transfer. You can move everything or select specific holdings. If you have fractional shares, options contracts, or certain other holdings, Fidelity will flag those as non-transferable — you'll need to sell those on Robinhood before the transfer goes through.

What happens to fractional shares, options, and other holdings

Fractional shares cannot move through an ACAT transfer. If you own 10.5 shares of a stock, the whole number (10 shares) will transfer, but the 0.5 fractional share will be sold on Robinhood. You'll receive the cash proceeds from that sale, which Fidelity can transfer to your new account or leave as cash.

Options contracts, cryptocurrency, and some other holdings also cannot transfer. You must sell these before the ACAT process begins. If you try to transfer an account with non-transferable holdings, Robinhood will either reject the transfer or hold it up while you liquidate those positions.

Mutual funds that you own through Robinhood may or may not transfer, depending on whether Fidelity carries them. If Fidelity doesn't carry a specific fund, you'll need to sell it before transferring. Fidelity will tell you during the setup process which of your holdings are problematic.

Robinhood's transfer fee and whether Fidelity will cover it

Robinhood typically charges $75 to $150 to process an outgoing transfer. This fee is deducted from your Robinhood account during the transfer. Fidelity does not charge a fee on their end to receive the transfer.

Fidelity will sometimes reimburse the Robinhood transfer fee if you ask, though this is not automatic. Contact Fidelity after your transfer completes and request reimbursement. Fidelity's policy on this varies, and they may require you to have a minimum account balance or to have transferred a certain amount. It doesn't hurt to ask, and some customers report success.

What happens to your Robinhood account after the transfer

Once the transfer completes, your Robinhood account will be closed automatically. You won't be able to log in or access it. Any cash that was in your Robinhood account will be transferred to Fidelity as well, unless you had a pending transfer fee or other holds.

If you had any unsettled cash (money from recent sales that hadn't cleared yet), that will also move to Fidelity. Your account history and statements from Robinhood remain available through Robinhood's website for a period of time after closure, though you should download or save anything you need before the transfer begins.

How to handle IRAs and retirement accounts

If you have an IRA at Robinhood, you can transfer it to a Fidelity IRA using the same ACAT process, but you must transfer to an IRA at Fidelity, not a taxable account. The transfer rules are identical — most holdings move, fractional shares and options do not.

Make sure you're opening the correct account type at Fidelity before initiating the transfer. A Roth IRA must transfer to a Roth IRA, and a Traditional IRA must transfer to a Traditional IRA. Transferring between account types (like Roth to Traditional) creates a taxable event and requires a different process.

Timing and what to expect during the transfer

The transfer typically takes 5 to 7 business days from the time Fidelity submits the request to Robinhood. During this time, you won't be able to trade your securities at either brokerage. Your holdings are in transit and frozen.

You can continue to monitor the transfer's progress through your Fidelity account. Fidelity will show you the status and estimated completion date. If the transfer stalls or is rejected, Fidelity will notify you and explain why — usually because of a non-transferable holding or a data mismatch between the two accounts.

Once the transfer completes, your securities will appear in your Fidelity account with their original cost basis intact. You can then trade, sell, or manage them through Fidelity's platform.

Frequently Asked Questions

Do I have to transfer everything, or can I move just some of my stocks?

You can select which securities to transfer. During the ACAT setup, Fidelity lets you choose specific holdings. You can leave some stocks at Robinhood and move others, though most people close their Robinhood account entirely once the transfer is done. If you leave holdings behind, your Robinhood account stays open.

Will I owe taxes on the transfer?

No. An ACAT transfer moves the securities themselves, not a sale and repurchase. Your cost basis moves with you, so there's no taxable event. You'll only owe taxes when you eventually sell the shares at Fidelity.

What if Robinhood rejects the transfer?

Robinhood can only reject a transfer if there's a data mismatch (wrong account number, name doesn't match) or if your account has non-transferable holdings. Check that your account details are correct, and sell any fractional shares, options, or crypto before starting. If it's still rejected, contact Fidelity's support team — they can often resolve it.

Can I transfer to multiple brokerages at once?

You can only initiate one ACAT transfer at a time from Robinhood. If you want to split your holdings between Fidelity and another brokerage, transfer to Fidelity first, wait for it to complete, then transfer from Fidelity to the third brokerage if needed.

What if I have a margin account at Robinhood?

Margin accounts can transfer to Fidelity, but the transfer converts to a cash account at Fidelity unless you specifically set up a margin account there first. If you want to keep margin trading, open a margin account at Fidelity before initiating the transfer, and Fidelity will transfer into that account type.