How to move your Robinhood investments to Fidelity

You can transfer your Robinhood account to Fidelity by opening a Fidelity brokerage account, then requesting an ACATS transfer (Automated Customer Account Transfer Service) from Fidelity. Fidelity will contact Robinhood on your behalf, and your positions move to Fidelity without being sold. The process typically takes 5 to 7 business days, though it can take longer if you have certain holdings or if Robinhood processes the request slowly.

You do not need to close your Robinhood account first. Once the transfer completes, your account at Robinhood will close automatically. Any cash sitting in Robinhood will transfer along with your stocks and ETFs, though mutual funds and options may require special handling.

Key Takeaways

  • Open a Fidelity brokerage account before starting the transfer, and have your Robinhood account number ready.
  • Request the transfer through Fidelity's website or by phone; Fidelity handles all communication with Robinhood.
  • Your stocks and ETFs transfer without being sold, so you do not trigger capital gains taxes during the move.
  • The transfer usually takes 5 to 7 business days, but can extend to 2 to 3 weeks if Robinhood has processing delays.
  • Fidelity may charge a transfer fee, though they sometimes waive it for accounts above a certain size.

What you need before you start

Have your Robinhood login information and account number on hand. You can find your account number by logging into Robinhood, going to your Account settings, and looking for the account number in the profile section. Write it down — you will need it when you contact Fidelity.

Open a Fidelity brokerage account if you do not already have one. This takes about 10 minutes online and requires your Social Security number, address, and employment information. You do not need to fund the account; Fidelity will accept the transfer into an empty account.

Check what you own in Robinhood. Stocks and ETFs transfer cleanly. Mutual funds, options, and crypto may not transfer and may need to be sold or handled separately. If you hold options or crypto, contact Fidelity before you start to understand what happens to those positions.

Starting the transfer through Fidelity

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" or "Move My Money," then choose "From Another Brokerage." Fidelity will ask whether you want to transfer securities, cash, or both.

Enter your Robinhood account number and select the positions you want to move. You can transfer everything or pick specific holdings. If you want to leave some money or stocks behind in Robinhood, you can do that — just deselect those items. Fidelity will show you an estimate of how long the transfer will take.

Review the transfer request carefully. Make sure the account number is correct and that you have selected the right positions. Once you submit, Fidelity sends an electronic request to Robinhood. You will receive a confirmation email from Fidelity with a reference number.

What happens while your transfer is in progress

Robinhood will receive Fidelity's request and begin processing it. During this time, your Robinhood account is frozen — you cannot buy, sell, or transfer money out. This freeze usually lasts the entire transfer period. If you need to trade before the transfer completes, you can cancel the request and restart it later, but this delays everything by several days.

Check your Fidelity account every day or two. You will see your positions appear gradually, usually starting with cash and then stocks. Some holdings may arrive before others, especially if Robinhood has to locate certificates or if there are settlement delays.

If the transfer stalls or takes longer than 10 business days, contact Fidelity with your reference number. Fidelity can follow up with Robinhood and sometimes speed things up. Robinhood does not always process transfers quickly, so patience is normal.

Handling cash, dividends, and fractional shares

Cash in your Robinhood account transfers to Fidelity as part of the move. It arrives in your Fidelity settlement fund, where it sits until you invest it or withdraw it. If you have pending dividends or interest, those may arrive after the transfer completes.

Fractional shares (pieces of a stock you own through automatic investing or dividend reinvestment) may not transfer. Robinhood will either sell them and send you the cash, or leave them behind in your Robinhood account. Fidelity will tell you what happened to fractional shares in your transfer confirmation. If Robinhood sells them, you will owe taxes on any gain.

If you have dividend reinvestment turned on in Robinhood, turn it off before the transfer. Fidelity has its own dividend settings, and you can set them up after your positions arrive.

Transfer fees and what Fidelity covers

Fidelity may charge a transfer fee, typically $49 to $100, though the amount varies. However, Fidelity often waives the fee for accounts with a certain balance — usually $25,000 or more, though this changes. Ask Fidelity about fee waivers before you start.

Some brokerages reimburse transfer fees if you move money to them. Fidelity does not advertise a reimbursement program, but it is worth asking when you contact them. If you have a large account, negotiating the fee is sometimes possible.

Robinhood does not charge a fee to send your account out, but they may charge a fee to close your account if you have a balance remaining. Once your transfer completes and Robinhood closes your account, you should not see any charges.

After your transfer arrives at Fidelity

Once all your positions show up in Fidelity, your Robinhood account will close. You will receive a final statement from Robinhood showing the transfer. Keep this for your records — it documents the cost basis of your positions, which you will need for taxes.

Log into Fidelity and review your holdings. Make sure everything arrived and that the share counts and prices look right. If anything is missing or incorrect, contact Fidelity immediately with your transfer reference number.

Set up your Fidelity account the way you want it. Update your dividend reinvestment settings, set up automatic investments if you use them, and review Fidelity's tools and research. Fidelity's interface is different from Robinhood's, so spend time learning where things are.

Frequently Asked Questions

Do I have to sell my stocks to move them to Fidelity?

No. ACATS transfers move your actual shares without selling them, so you do not trigger capital gains taxes. The transfer preserves your cost basis — the price you originally paid — which Fidelity uses to calculate taxes when you eventually sell.

What if I have options or crypto in Robinhood?

Options and crypto do not transfer through ACATS. Robinhood will either sell them and send you the cash, or leave them in your Robinhood account. Contact Fidelity before you start to confirm what will happen. If you want to keep options or crypto, you may need to handle them separately.

Can I transfer only part of my Robinhood account?

Yes. When you request the transfer through Fidelity, you can choose which positions to move and which to leave behind. You can transfer some stocks and leave others, or transfer everything. If you leave positions behind, your Robinhood account stays open.

How long does the transfer actually take?

Fidelity estimates 5 to 7 business days, but Robinhood sometimes takes longer. Transfers can stretch to 2 to 3 weeks if Robinhood is slow or if you have unusual holdings. Check your Fidelity account daily to watch progress, and contact Fidelity if nothing has arrived after 10 business days.

What if I made a mistake and want to cancel the transfer?

You can cancel a transfer while it is in progress by contacting Fidelity. Your Robinhood account will unfreeze and you can trade again. However, canceling and restarting adds several days to the timeline, so only do this if something is genuinely wrong.