We’re here to help make transferring assets into your account as smooth as possible. Below are some important details to keep in mind when it comes to incoming DTC transfers.
What is a DTC Transfer?
A DTC (Depository Trust Company) transfer is a standard way to move eligible securities, such as stocks or ETFs, electronically from one brokerage account to another.
Account Title Matching Requirement
For security and regulatory reasons, we can only accept incoming DTC transfers when the registration (account title) at both firms matches exactly.
Example: A transfer from “John A. Smith” at another brokerage can only be moved into an account titled “John A. Smith” with us.
If there are any differences in the account titles—such as transfers between different individuals, trusts, or entities—we cannot accept the transfer.
Note: We do not accept incoming DTC transfers from third parties. This means assets cannot be transferred into your account from an account held by another individual or entity.
How to initiate an incoming DTC transfer?
To initiate an incoming DTC transfer to your Firstrade account, provide this information to the delivering (sending) firm:
Receiving firm name: Apex Clearing Corporation
DTC No.: 0158
Receiving account number: Your 8-digit Firstrade account number
Receiving account name: Your full name
Contact email: [email protected]
Your current broker will initiate the transfer using these details. DTC transfers typically take 4-6 business days to complete.