I found https://tastytrade.com
It’s based in the US but they operate in both the UK and Spain.
Apparently they can both use something called DTC (Depository Trust Company) to transfer shares of US companies.
It’s not exactly going quickly or smoothly.
The shares I was transferring were taken out of my Freetrade account at the beginning of December and are still not in my tastytrade account.
I’ve been in email conversations with Freetrade (via the app and via email) and with tastytrade via email - and they say they’re also talking to each other.
The
- Get told ‘we’ve transferred the funds’
- I wait 4 working days
- I contact both Freetrade and tastytrade and ask what went wrong.
- Get told that the transfer failed/was returned.
cycle has repeated four times so far.
Quite stressful and a bit annoying so far. I’ll update when this gets sorted.d
Update: 5th March 2024
Shares have finally been transferred to tastytrade.
Took ~ 4 months & a lot of emails back and fourth with both Freetrade and tastytrade.
As I understand it; brokerage firms cannot sell your shares if you expressly state that you do not wish them to do so & the rails exist for them to transfer shares to a new broker if you need or wish to transfer without cashing out (and incurring capital gains costs).
Best of luck to anyone else wishing to do this. Hopefully it’s less of a headache for you.
Be polite & persistent, know your rights, document everything.