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Can I change from fidelity to ikbr because fidelity is charging me 7% interest on stock loan and ikbr is charging like 2-3% without selling my stocks I am in loss so cannot sell. If sell and rebuy I cannot claim loss for tax. .#personalfinance #investments
Yes you can move
I don't particularly like Interactive Krobers
Why? I'm planning to move there soon
It was a joke, look at the spelling OP put up and look at what I wrote
Yes you can, Schwab has good rates too. Negotiate your rates before moving.
Just call fidelity and ask them to lower margin rate. In most cases, they will.
It’s called an ACAT — you can have your new broker ACAT your holdings over at the same tax basis. That’s why fidelity should lower their rate if you ask because you can move your holdings anywhere anytime.
You cannot