Disclaimer: This guide is missing the email address and/or contact process for this broker. Please reach out if you can help us fill in the gaps.
X-O does not direct register shares, so you need to transfer your shares to another broker that can DRS transfer.
X-O charges a £15 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 a £15 fee. A popular route has been through Interactive Brokers (IBKR), as they are available internationally and can DRS transfer for $5(US).
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 Fidelity UK to IBKR with a Basic FOP Transfer (£15 fee), then from IBKR to Computershare via DRS transfer for a $5(US) fee.
How to Transfer:
Once your shares are settled in X-O, you can send them a Letter of Instruction, which IBKR can create for you.
Making the Letter of Instruction with 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 JARVIS INVEST on the drop down list (Jarvis is who X-O uses for share dealing).
For “Your Account Number at the Financial Institution" put your X-O account number.
For “Name of Account Holder at Financial Institution“ put your full name as defined on your X-O account.
Select the Account type (most likely individual).
Select the country of the Financial Institution where you access X-O from.
For the contact email put “X-O EMAIL ADDRESS NEEDED".
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. 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: “X-O EMAIL ADDRESS NEEDED".
For the subject write: FOP Transfer out request (X-O account number).
For the message write: “I would like an outbound DRS transfer as detailed in the attached Letter of Instruction".
Attach the Letter of Instruction.
Click on "Send".
The transfer will be processed within 1-2 weeks. You will receive an email confirming that the transfer was successfully performed. If you're unsure you can call Fidelity UK at 0800-111-030.
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 IBKR guide here).