Account & Security

Transfer From Another Broker

Move your existing portfolio from another broker to Light Horse for free.

What Is an ACAT Transfer?

An ACAT (Automated Customer Account Transfer) lets you transfer your stocks, ETFs, and cash from your current broker to Light Horse without selling your positions first. Your investments stay invested throughout the transfer.

Inbound ACAT Is Free

Light Horse charges $0 for incoming ACAT transfers. Your outgoing broker may charge a fee on their end — check with them first.

How to Initiate the Transfer

  1. Open your Light Horse account (you must have an approved, funded account)
  2. Contact Light Horse support to initiate the transfer
  3. Provide:
    • Your current broker's name
    • Your account number at the current broker
    • The type of transfer: full transfer (all assets) or partial transfer (specific positions)
  4. Light Horse will coordinate with your current broker via the DTCC ACAT system

Timeline

The ACAT process typically takes 5–7 business days from initiation to completion. During the transfer, you may not be able to trade the positions being moved.

What Transfers

  • U.S.-listed stocks and ETFs held at the delivering broker
  • Cash balances

What doesn't transfer:

  • Mutual funds not held at the delivering DTC participant
  • Options positions (must be closed before transfer)
  • Margin balances (must be paid down before transfer)