Direct Register Shares from TradeStation

Updated: Sep 11

TradeStation charges a $25(US) fee for each DRS transfer. This means each time you want to direct register shares of a specific stock (no matter how many shares) you are charged $25.


If you have an existing Computershare account:

Save a copy of a DRS Advice Report from Computershare (TradeStation need this to verify you have an account with Computershare). To get a DRS Advice Report:

  • Go to Computershare.com/us.

  • Click on “Login to Investor Center”.

  • Login using the username, and password you have created.

  • Click on "Documents" on the top menu.

  • Select GameStop Corp.

  • Make sure it says “DRS Advice” under the “Type” column and click on the “View PDF” button.

  • Right click on the document and click “Save Page As” and make sure it saves as a PDF file.

  • Alternatively you can click on the print icon in the top right of the page, and from the printer drop down menu select “Save to PDF”.

  • Then click “Save”​​.

Now you can take the document to TradeStation and request the transfer:

How To Transfer:

Once your shares and $25 are settled in TradeStation, you can make a Letter of Instruction and fill in their "DTC Transfer Out Form" and send both to them in an email. The form can be found here.


How to fill in the form:

  • For "Date of Request" and "Time of Request" enter todays date and the time you are submitting the form.

  • For "TradeStation Account Title" write in your full name.

  • For "TradeStation Account number" write in your account number.

  • Then you need to enter the shares in the batches you purchased them. If you have more than 3 batches of shares, you will need to fill out more forms.

  • Number of shares purchased

  • The ticker: GME

  • Its CUSIP: 36467W109

  • The cost per share of that trade

  • The date of the trade

  • Then they ask for the recieving firm information in GameStop's case that is:

  • "Firm Name" is: Computershare US

  • "Firm Address" is: Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005.

  • "Firm Clearing ID Number is": 2415

  • "DTC Number" is: 7807.

  • "For Further Credit To" is where you specify your account number at a receiving firm. So the transfer goes to you, not the firm. So include your full name again or your Computershare account number.

  • For "Account Title" write in your full name just as you did before

  • "Account Number" is only if you have an existing Computershare account. If you do, enter it here.

  • Then sign at the bottom of the page with wet ink. (there are two signature lines in case you have a joint account)

  • Scan or take a picture of the form.

How to make the Letter of Instruction:

The Letter of Instruction can be handwritten or typed, but it must be signed with wet ink. You can write it informally, or use this template.


Writing it yourself?

Be sure to include:

  • Say: “I want an outbound DRS transfer of my GME shares to Computershare”.

  • Your Tradestation account number, full name, home address and SSN/Tax ID.

  • The stock (GameStop), its ticker (GME), and its CUSIP (36467W109).

  • How many shares you want to transfer.

  • The Transfer Agent's name, DTC number, and address. In GameStop's case that's: Computershare US. DTC# 7807. Computershare Trust Company, N.A., P.O. Box 505005, Louisville, KY 40233-5005.

  • A statement agreeing to the fees. e.g. "I agree to the $25 fee associated with this transfer".

  • Optional: Your Computershare account number (if you include this you will need a Computershare DRS Advice Report to verify).

  • Optional: If you want the shares ordered in Last In First Out (newest shares transferred first), or First In First Out (oldest shares transferred first).

  • Sign the letter with a pen and scan it in, or take a picture of it.

The email:

  • With your Letter of Instruction and DTC Transfer Out Form complete, write an email to: ClientServices@TradeStation.com.

  • For the subject line write: “Outbound DRS Transfer Request (TradeStation account number)”.

  • For the email write: “I would like an outbound DRS transfer as detailed in the attached DTC Transfer Out Form”.

  • Attach the Letter of Instrcution, and the DTC Transfer Out Form (and the DRS Advice Report if you have an existing Computershare account).

  • Click on "Send".

The transfer will take 5-10 business days to process. If you're feeling uncertain you can check in with TradeStation by contacting them online.

If you don't have an existing Computershare account:

Your broker and Computershare will take care of the transfer and open a Computershare account for you. This will take another 2-3 business days.

After your shares leave your broker:

  • If you are a US citizen, you can access your Computershare account immediately by registering with your SSN, and verifying your identity with questions from LexisNexis.

  • If you are a non-US citizen you will need to wait for the first Computershare letter to arrive.

  • This letter is the DRS Account Statement.

  • It will take another 2-6 weeks after your shares have left your broker.

  • If you don't want to wait around 4 weeks, you have a couple of options:

  • If you have transferred less than 10 shares, Computershare can give you your account number over the phone. Skipping the need for the first letter.

  • You can expedite the letter for $45 by giving payment details to Computershare over the phone. The letter will arrive within a week.

  • Computershare's non-US GME relations number is + 800-3823-3823. This number works across Europe, Hong Kong, Israel, New Zealand, and Thailand.

  • Otherwise the US toll free number is: +1 800-522-6645 and the US toll number is: +1 (201) 680 6578 (charges may apply). If you're outside of the US, you can get a free month trial with Skype to call these numbers.

  • If you don't hear any relevant options with the automated menu, you can keep pressing 0 to get through to a human.

  • If you are asked to verify your address and live outside of the US, you will have to use an ISO code instead of your country. For example, London in the UK is GB-LDN and Barcelona in Spain is ES-B. You can find your country's ISO codes through this wikipedia page.

When you have the DRS Account Statement:

  • Go to Computershare.com/us.

  • Click on “Login to Investor Center”.

  • Click on “Register Now”.

  • Make sure to select the “Holder Account Number” tab, instead of “Social Security Number”.

  • Select “I am not a U.S. Resident”.

  • Provide the Computershare account number that is on your DRS Account Statement (starts with “C”).

  • Provide your registered Zip/Postal code, and the name of the stock that you hold (GameStop).

  • Computershare will then prompt you to create your username, password and security questions.

  • Once your account is created, Computershare will send you a verification letter in the mail. This will arrive in 1 to 3 weeks.

  • If you'd like it sooner you can call Computershare and pay a $30 fee to get the verification code via email within 48 hours.

  • Computershare's non-US GME relations number is + 800-3823-3823. This number works across Europe, Hong Kong, Israel, New Zealand, and Thailand.

  • Otherwise the toll free US number is: 800-522-6645 (if you're outside of the US, you can get a free month with Skype to call this number for free).

  • If you don't hear any relevant options with the automated menu, you can keep pressing 0 to get through to a human.

  • If you are asked to verify your address and live outside of the US, you will have to use an ISO code instead of your country. For example, London in the UK is GB-LDN and Barcelona in Spain is ES-B. You can find your country's ISO codes through this wikipedia page.

When you receive the verification code letter:

  • Return to Computershare.com/us.

  • Click on “Login to Investor Center”.

  • Login using the username, and password you have created.

  • Then you can enter the verification code.

  • You now have full access to your Computershare account!

  • There is no more need for the verification code.

Tax Form:

At this stage it is important to verify your tax status as a non-US citizen. While logged into your account, go to the My Profile tab, then “Tax Details”. A guide on how to fill in the W-8 BEN form is linked here).


If you have an existing Computershare account:

Your broker will transfer the shares in your name. As a result, a second account may be created for you. This can be for a few reasons, such as a middle initial existing on one account, but not the other. If your name matches exactly, then the transfer will process within the normal amount of time. If not, then it will take another 2-4 weeks for the account to be made and the DRS Account Statement sent out to you.

335 views

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