Should I already have an account open before I initiate an ACATS transfer to IBKR?

Q: Should I already have an account open before I initiate an ACATS transfer to IBKR?

SUBMIT ACATS TRANSFER REQUEST An ACAT can be entered as an initial funding method in an application, but the request will not begin processing until application approval is granted. ACATs can be submitted through Client Portal for any existing account. More information on entering ACATS position transfers can be found in our Users' Guide.

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SUBMIT ACATS TRANSFER REQUEST

An ACAT can be entered as an initial funding method in an application, but the request will not begin processing until application approval is granted. ACATs can be submitted through Client Portal for any existing account.

More information on entering ACATS position transfers can be found in our Users' Guide.