Securities transfers to Trade Republic are rejected because IBKR uses industry-standard SWIFT formatting to send outbound transfer instructions to receiving institutions, while Trade Republic currently requires a different, more specific instruction format that is not compatible with IBKR's standard process. As a result, IBKR is unable to complete outbound securities transfers to Trade Republic at this time.
What Are Your Options?
- Transfer to a different broker or bank: Institutions that support industry-standard SWIFT instructions should be able to receive your transfer without issue.
- Keep your position at IBKR: No action is needed if you would like to continue holding your assets with us.
- Transfer cash instead: You may choose to close your position and transfer the resulting cash proceeds. This is solely your decision. IBKR does not provide investment or tax advice.
For questions about Trade Republic's transfer requirements, please contact them directly.