How do I transfer my HIN or Stock from another broker?

How do I transfer my HIN or Stock from another broker?

You can transfer your HIN from another broker at the time you set up an account with Marketech.  

In the online account application, there is a section dedicated to HIN transfers, please complete the details of your current broker and HIN and attach any documents requested.  NOTE:  If you are eager to set up a trading account, we would suggest establishing a new HIN with Marketech and then transferring the stock from your other broker once the account has been set up.

If you already have a trading account with Marketech and later decide you wish to transfer stock from another broker, you will need to complete the Broker to Broker HIN Transfer Request and submit it to Marketech.  At this point it will not be possible to transfer the actual HIN (as you have already established a HIN with Marketech) and therefore only the holdings themselves can be transferred.  Please ensure you tick the box "Transfer only the holdings listed below from my HIN" as well as list all securities and quantities on the form.  You can opt to send us a current portfolio valuation report (PVR) listing the holdings you want to transfer from your current broker, however please indicate this on the HIN transfer form and have all account holders sign and date the PVR before attaching it to send. 

NOTE: 
  1. HIN/stock transfer requests must be printed and signed with a pen, as digitally inserted signatures will not be accepted. 
  2. The processing time is usually up to 5 business days. 
  3. You may be asked to provide a certified copy of your drivers licence.  This is an Anti-Money Laundering (AML) requirement from the other broker.  We will advise you if this is the case and do our best to ensure the prompt transfer of your HIN/stock.  
  4. Ensure that all trades have been settled with your current broker before we can process the transfer, otherwise this will delay the HIN/stock transfer.
  5. Registration details - name and address - must match EXACTLY on both accounts.  If account registration details do not match, please take steps to update details before attempting to transfer stock.  If the accounts are in different names (eg company name on the account with the other broker and individual name on the Marketech account), you will either need to open a new trading account with us or complete an Off Market Transfer form.  An Off-Market Transfer is a method for privately transferring shares between two shareholders. An off–market transfer results in a change of ownership even though the shares are not being publicly traded on the share market. This may result in tax implications and as such you should seek specialist advice.  Off-Market Transfers do attract a processing fee of $27.50 per holding.  

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