I understand you can in-specie in and out UK securities.
Does Vanguard and iShares count as UK Securities, or Irish Securities? For example VFEG.
And therefore, is there a fee to transfer out?
I’m fairly sure I’ve transferred Ireland-domiciled ETFs in-specie both in and out of FT without fees.
I think the only thing that matters is if it’s London listed. I’m not sure of the score with European-listed securities and transferring though.
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Morning @TInvest
You’ll be able to transfer in/out in specie London-listed ETFs like the one you mentioned. There aren’t any fees on these transfers.
The only fee that can arise with a transfer out is related to US listed shares. The US central securities depositary charges a fee per line of stock to transfer between accounts. We pass this fee on when processing transfers out to cover the cost at a rate of £17. NOTE: I got this mixed up earlier and said it was $17 US. That was a mistake! We don’t make anything from this fee regardless, it’s all passed directly on to our US broker dealer.
We don’t (right now) offer the ability to transfer European listed shares in specie.
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Would transferring £VUAG ETF to Vanguard incur a cost to me by Freetrade? From what I can see it wouldn’t but I’d like to be sure.
TIA
No there wouldn’t be any charge from us to transfer a holding in this ETF
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