How to move your account from Robinhood to Fidelity

You initiate the transfer at Fidelity, not at Robinhood. Fidelity will contact Robinhood on your behalf and handle most of the paperwork. The process takes 5 to 7 business days once Fidelity receives your request. You'll need your Robinhood account number, your Social Security number, and the login credentials for your Robinhood account so Fidelity can verify what you own.

Start by opening a Fidelity brokerage account if you don't already have one. You can do this online at fidelity.com. Once your Fidelity account is open and funded (or ready to receive assets), log into your Fidelity account and look for the "Transfer Assets" or "Move My Money" option, usually found under Account Settings or in the main menu. Fidelity will ask whether you want to transfer cash, securities (stocks and ETFs), or both.

When you choose to transfer securities, Fidelity will ask you to list what you own in Robinhood. You don't have to transfer everything — you can move some holdings and leave others behind. However, transferring everything at once is simpler and avoids the risk of leaving fractional shares or small positions behind.

Key Takeaways

  • Start the transfer through Fidelity's website, not through Robinhood, and Fidelity will contact Robinhood directly to pull your assets.
  • The entire process takes 5 to 7 business days from the moment Fidelity submits the request to Robinhood.
  • You will need your Robinhood account number and login information so Fidelity can verify your holdings and initiate the transfer.
  • Fractional shares and certain holdings (like crypto or options) may not transfer and will be sold at market value before the move.
  • Your Robinhood account will close automatically once the transfer completes, and you should not trade or deposit money into it during the transfer window.

What happens to your money and investments during the transfer

Your cash and securities are protected during the transfer. Fidelity and Robinhood are both regulated brokers, and the transfer process is standardized. Your stocks, ETFs, and mutual funds will move to Fidelity in the same quantity and at no cost to you — Fidelity covers the transfer fee that Robinhood might otherwise charge.

Fractional shares will be sold. If you own 10.5 shares of a stock in Robinhood, Fidelity will transfer the 10 whole shares and sell the 0.5 share at market price. The cash from that sale will arrive in your Fidelity account along with your other holdings. Cryptocurrency, options contracts, and certain other holdings cannot transfer and will be liquidated (sold) before the move. Robinhood will send you the cash proceeds, which you can then deposit into Fidelity if you want to repurchase those assets there.

Your cost basis — the original price you paid for each holding — transfers with your securities. This matters for taxes. When you eventually sell an investment at Fidelity, the tax calculation will use the cost basis from when you bought it at Robinhood, not the transfer date.

Documents and information you'll need

Gather these items before you start the transfer request at Fidelity:

  • Your Robinhood account number (visible in Robinhood's Account Settings)
  • Your Social Security number
  • Your Robinhood login username and password
  • A list of what you own in Robinhood (stocks, ETFs, mutual funds, cash balance)
  • Your Fidelity account number (if you already have a Fidelity account)

You do not need to print or mail anything. The entire transfer is electronic. Fidelity will use your Robinhood login to verify your account and confirm your holdings. This is why you need your password — Fidelity uses it only to authenticate your identity and will not store it.

Timeline: what to expect week by week

Day 1 (when you submit the request): Fidelity receives your transfer request and begins preparing the paperwork to send to Robinhood. You should receive a confirmation email from Fidelity the same day or the next business day.

Days 2–3: Fidelity submits the transfer request to Robinhood. Robinhood receives it and begins processing. You may see a hold placed on your Robinhood account — this is normal and prevents you from trading or withdrawing during the transfer.

Days 4–7: Robinhood sends your securities and cash to Fidelity. The exact timing depends on market conditions and the types of holdings you own. Fidelity will post your assets to your account as they arrive. You'll receive an email from Fidelity when the transfer is complete.

After day 7: Your Robinhood account closes automatically. You should no longer see it in Robinhood's app or website. All your holdings are now at Fidelity.

What to do if the transfer stalls or takes longer than a week

Transfers occasionally get delayed if Robinhood flags something unusual — for example, if you recently changed your account password, added a new bank account, or have a pending deposit. Fidelity will contact you by phone or email if additional information is needed. Respond promptly so the transfer can resume.

If you don't hear from either broker after 7 business days, contact Fidelity's transfer team directly. Fidelity has a dedicated line for account transfers, and they can check the status with Robinhood on your behalf. Have your Robinhood account number and Fidelity account number ready when you call.

Do not attempt to trade, withdraw, or deposit money into your Robinhood account while the transfer is in progress. This can cause the transfer to fail or restart. Wait until Fidelity confirms the transfer is complete before using either account.

Costs and fees

There is no cost to you. Fidelity covers the transfer fee (typically $50 to $100) that Robinhood would normally charge for moving your account out. This is standard practice among major brokers competing for new customers.

You will not pay any trading commissions or account fees during the transfer itself. Once your account is at Fidelity, you'll pay Fidelity's standard fees for any trades you make going forward. Fidelity charges no commission on stocks, ETFs, or mutual funds, though some mutual funds carry internal expense ratios.

After the transfer: setting up your Fidelity account

Once your assets arrive at Fidelity, log into your Fidelity account and verify that all your holdings are there and match what you owned at Robinhood. Check the number of shares, the cost basis, and your cash balance. If anything is missing or incorrect, contact Fidelity's customer service within a few days while the transfer is still fresh in their records.

Update your Fidelity account settings to match your preferences. You can set up automatic investments, change your password, add a linked bank account for deposits and withdrawals, and customize your dashboard. Fidelity's interface is more detailed than Robinhood's, so spend a few minutes exploring the main menu to find the tools you'll use most often.

If you had a Robinhood debit card or used Robinhood's cash management features, those will no longer work. Fidelity offers its own debit card and cash management account, but you'll need to set those up separately if you want them.

Frequently Asked Questions

Can I transfer only some of my holdings and leave the rest at Robinhood?

Yes. When you submit the transfer request to Fidelity, you can specify which securities to move and which to leave behind. However, leaving fractional shares or small positions at Robinhood means you'll still have an active Robinhood account, which you'll need to monitor and eventually close manually.

What if I have unsettled cash or pending trades at Robinhood?

Pending trades must settle before the transfer can complete. If you have a buy or sell order that hasn't finished, cancel it or wait for it to settle. Unsettled cash (money from a recent sale that hasn't cleared) will transfer along with your securities, but the timing may be delayed by a day or two.

Will my transfer affect my tax records?

No. The transfer itself is not a taxable event. Your cost basis and purchase dates move with your securities, so your tax records remain accurate. When you file taxes, you'll report gains or losses based on when you actually sold the investment, not when you moved it between brokers.

Can I transfer my Robinhood IRA or retirement account to Fidelity?

Yes, but the process is different from a regular brokerage account. IRAs and 401(k)s have special transfer rules to avoid tax penalties. Contact Fidelity about transferring a retirement account, and they'll guide you through the correct steps, which usually involve more paperwork but follow the same basic timeline.

What happens to my Robinhood referral rewards or cash bonuses?

Robinhood referral bonuses and promotional cash are account-specific and do not transfer. If you have pending referral rewards, claim them before you start the transfer. Once your account closes, you lose access to any unclaimed bonuses.