Direct Register Shares from Tradernet

Updated: Oct 16

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


Tradernet charges a $60(US) fee to transfer to another broker. This means each time you want to transfer shares of a specific stock (no matter how many shares) you are charged $60(US).

A popular route has been through Interactive Brokers (IBKR). The quickest way is to open an IBKR 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 Tradernet to IBKR with a Basic FOP Transfer fee of $60(US). Then from IBKR to Computershare via DRS transfer for a $5(US) fee.

How to Transfer:

When your shares and $60(US) have settled in your Tradernet account, you can submit a transfer request with them and then submit a similar request with the receiving broker (IBKR in this example):

  • Log in to your Tradernet account and on the left hand side of the screen, select "Account Settings".

  • From the options that drop down, select "Securities Transfer".

  • Make sure you have the "Securities Transfer" tab selected at the top of the page, and not the "Batch Transfer Between Your Accounts" tab.

  • Under "Type of Transfer" select "Debit from a Custody Account".

  • Select which account you will be removing the shares from.

  • Then enter the Security's ticker (GME) and the name of the company (GameStop Corp).

  • Under "Type of Financial Instrument" select "Ordinary Stock".

  • Then enter its ISIN (US36467W1099).

  • Under "Volume" enter how many shares you want to transfer.

  • Under "Book Value" enter the current price per share.

  • Then select which currency it's in (USD).

  • If you are asked for book value again, re-enter the same information, but in pennies (I.E. if the price is $123.45, you enter 12345).

  • Under "PSET" Write: DTC.

  • Under "REAG/DEAG" write the name of the receiving broker (in this example it's Interactive Brokers).

  • Then under "Additional bank details" you can include the following:

  • IBKR Phone number: +41-41-726-9500.

  • Email address of broker: assettransferservice@interactivebrokers.com (this email address is exclusively for bank to bank correspondence).

  • BIC/SWIFT (BLZ) Code: IBKRUS33XXX.

  • Account number: Your Interactive Brokers account number (starts with 'U').

  • Click on "Confirm" and your request is submitted. You can check in on it under the "Previously Submitted Orders" part of the page.

Now you can submit a transfer request 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 FREEDOM FINANCE on the drop down list (this is Tradernets parent company).

  • Put your Tradernet account number on the field : “Your Account Number at the Financial Institution".

  • Choose your account type (most likely individual).

  • For the Country put in the country you access tradernet from.

  • Put the Contact Email info@freedomfinance.eu.

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

  • In the pop up window, search which stock you'd like to transfer (GME). Then click on “Search".

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

  • Put how many shares you'd like to transfer Click on “Save and Finish".

  • On the next page you'll see a summary of the transfer. Write in your name as it shows on the page and 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 the form back in.

  • Once the Letter of Instruction is signed and scanned in- send an email to info@freedomfinance.eu.

  • For the subject write: “(Your Tradernet account number) - Transfer Out Request”.

  • For the email write: “Please see the attached Letter of Instruction as authorization for my request to transfer the securities held in my trading account to my Interactive Brokers account".

  • Attach the Letter of Instruction.

  • Hit "Send".

The transfer should be performed in 5-15 business days. You will 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).

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