> For the complete documentation index, see [llms.txt](https://docs.xft.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xft.finance/idn/technical/payments/brokers.md).

# Brokers

ACATs Transfer (Automated Customer Account Transfer Service):

It allows the transfer of stocks, options, mutual funds, and cash between brokers through an automated service.

Key Details: Total (all assets) or partial (select specific assets). Matching details like account name and tax identification number are crucial.

2. ATON Transfer (Account Transfer on Notification):

Similar to ACATs but specific for transfers between Canadian and U.S. brokers.

Key Details: Like ACATS, it offers options for total or partial transfers and requires matching details in the account.

3. DRS Transfer (Direct Registration System):

Facilitates the electronic transfer of stocks and warrants between the Transfer Agent and the trader's account.

Key Details: Requires precise matching in details such as account name, tax identification number, and client type.

4. DWAC Transfer (Deposit/Withdrawal at Custodian):

Enables the automated transfer of stocks and warrants between a Transfer Agent and the trader's account.

Key Details: Similar to others, account information must match for a successful transfer.

5. FOP Transfer (Free of Payment):

Moves stock, warrant, and bond positions from or to another U.S. bank or broker that is a DTC member.

Key Details: Inbound transfers are notifications; instructing the external broker is essential to complete the transfer.

6. Internal Position Transfer:

Allows the transfer of positions between one's accounts within the same broker.

Key Details: Specific rules apply for account detail matching.

7. Transfer Between Master and Sub Accounts:

Brokers with master and sub-accounts can transfer positions between them.

Key Details: Requires identity confirmation and is processed during regular trading hours.

8. Depository Switch:

Permits changing the currency of multi-listed stocks at different depositories.

Key Details: Executed by selecting "Depository / Trading Currency Change" and following the procedure.

<https://www.ibkrguides.com/brokerportal/transferandpay/transpositions.htm>
