I’m looking to transfer my Stocks and Share ISA over to Freetrade, what happens to stocks that I own which aren’t available on Freetrade?
They would be sold and the cash transferred.
Does this happen automatically or do I need to sell them before I transfer?
I think FT will ask you once the transfer is initiated.
It would probably be easier just to sell before hand though.
It can get quite technical but if the broker you’re moving from holds the stocks in CREST then a move might be possible. In most cases I think holdings have been sold and then cash transferred (might be quicker)
Thanks for the replies, I’ll probably just close the positions and transfer the stocks that Freetrade have, it’s only a couple of small positions.