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Direct Register Shares from Keytrade

Updated: Oct 20, 2023

Keytrade does not direct register shares, so you need to transfer your shares to another broker that can DRS transfer.

Keytrade charges a €35 + VAT fee for each Basic FOP Transfer. This means each time you want to transfer a specific stock (no matter how many shares) you are charged €35 + VAT. More info on Keytrade fees here.

You will need to make sure you have €35 + VAT settled in your account before you can transfer. A popular route has been through Interactive Brokers (IBKR).

The quickest way is to open an Interactive Broker account, buy a share, and request a DRS transfer (link to guide here). While you wait for your Computershare account to be created, you can transfer your shares from Keytrade to IBKR with a Basic FOP Transfer (€35+VAT fee), then from IBKR to Computershare via DRS transfer for a $5(US) fee.

How to Transfer:

Once your shares and €35+VAT are settled in Keytrade, you need to write a Letter of Instruction with the receiving broker (IBKR).

  • Login in your IBKR account, and click on “Transfer & Pay” from the top menu and select “Transfer Positions” .

  • On the next page select “Incoming”.

  • On the next page select “All Other Regions” from the drop down menu.

  • On the next page select “Basic FOP Transfer“

  • Select KEYTRADE on the drop down list.

  • For “Your Account Number at the Financial Institution“ put your Keytrade account number.

  • For “Name of Account Holder at Financial Institution“ put your full name as defined on your Keytrade account.

  • Select the Account type (most likely individual).

  • Select the country of the Financial Institution where you access Keytrade from).

  • For the contact email put “".

  • You have to add the asset you want to transfer, click on “Add Asset".

  • On the next page search which stock you'd like to transfer (GME), click on “Search".

  • On the next page, click on the row “GAMESTOP CORP- CLASS A / NYSE".

  • On the next page, define how many shares you'd like to transfer and click on “Save and Finish".

  • On the next page you'll see a summary of the transfer.

  • Click on “Continue”. Interactive Brokers will then generate a Letter of Instruction for you.

  • Click on “View Form”, then click on “Print”.

  • Print, sign, and scan back the form back in.

  • Once the Letter of Instruction is signed and scanned in you can send a message to Keytrade with the Letter of Instruction:

    • Login to Keytrade and start a support chat and ask for an outbound transfer of GME shares as detailed in your Letter of Instruction.

    • Attach the Letter of Instruction and the agent will lead you through the next steps.

The transfer should be processed within 1 week. You should receive an email confirming that the transfer was successfully performed.

After your shares reach IBKR:

Now you are able to request the DRS transfer from IBKR to Computershare. To do this you can follow our guide on how to DRS transfer from IBKR (link to guide here).


If you have any corrections, or know of any other brokers, please let us know through the feedback page!

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