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How do you transfer brokerage accounts?
Zecco has pretty much banned selling penny stocks they will let you buy them but when you try to sell you always get the dreaded ecn message. Whats a good one to transfer to and how do you begin the transfer.
Transferring is pretty easy. First, you have to find the brokerage account that you want to transfer TO then contact their customer service to get their transfer forms. Afterwards, you can contact Zecco and give them a heads up about the transfer.
Most major brokerage firms will allow a transfer with securities and cash without any problems. They will also handle any pending dividends too. Just keep detailed records of everything during the process.
Of course if it's too daunting you can liquidate, close your Zecco account and fund another brokerage account.
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