Transferring securities from Trade Republic to Interactive Brokers (IBKR) involves coordination between both Financial Institutions. This guide walks you through the requirements, limitations, and timeline so you know exactly what to expect during the process.
What You Need to Know Before Starting
Trade Republic holds all customer assets at two specific depositories:
- CBF (Clearstream Banking Frankfurt)
- CEDEL (Clearstream Banking Luxembourg)
Important:
- Only securities that IBKR can also hold at these same depositories can be transferred. If any of your assets are not eligible, they will be automatically excluded from your transfer, and you will see a notification in your Transaction History Progress Bar.
- Trade Republic does not support cross-border transactions to other markets outside of CEDEL or CBF.
- You can keep ineligible securities at Trade Republic or explore other options.
Important Currency Information
All transferred assets arrive in EUR (trading currency). If you would like to switch to a different listing/currency, you can use the "Depository/Trading Currency Change" function in your IBKR Client Portal after the transfer completes. Please select Transfer & Pay then Transfer Position.
How to Initiate Your Transfer
- Start the request in BOTH platforms:
- Trade Republic App
- IBKR Client Portal
- In the Trade Republic App, you will need:
- IBKR's BIC/SWIFT code (see table below)
- Your IBKR account number (format: Uxxxxxxx)
- Important notes:
- IBKR does not have a German Bankleitzahl (BLZ) — use the BIC/SWIFT code instead
- You do not have an IBAN with IBKR — use your Uxxxxxxx account number
IBKR BIC/SWIFT Codes (Based on Entity holding your account):
| Interactive Brokers LLC (USA) | IBKRUS33XXX |
| Interactive Brokers Ireland Ltd | IBKRIE2DXXX |
| Interactive Brokers UK Ltd | IABRGB2LXXX |
| Interactive Brokers HK Ltd | IBKRHKHHXXX |
Transfer Timeline
Once Trade Republic processes your request, they will notify IBKR to begin the transfer. Please allow several business days for:
- Trade Republic to complete their internal processing
- IBKR to receive notification and process your transfer
This timeline is standard for institutional transfers between brokers.
What If My Transfer Is Delayed?
If your transfer takes longer than expected, please contact Trade Republic first to confirm they have submitted the transfer instruction to IBKR. They can provide status updates on their end of the process.
Need Help?
If you have questions after checking with Trade Republic, our support team is here to assist you through your IBKR Client Portal.