Can you transfer an ISA to IC Markets?

If you are a UK resident, an Individual Savings Account (ISA) is a great way of growing your savings tax free.

At some point, you might want to transfer your ISA into a different type of ISA, or you might want to move your savings to a provider that offers a wider range of funds or lower costs.

The good news is that you can transfer your ISA at any time to another provider, and you can can transfer your savings to a different type of ISA or to the same type of ISA.

Does this work at IC Markets?

No, sadly IC Markets does not provide ISA at all.

Conditions of a portfolio transfer are as almost exactly the same as transferring an ISA. The only difference is that some ISA providers have promotional services, meaning fees would be lower only for an ISA account transfer.

Generally, this is the process of a non-ISA portfolio transfer:

• Ask for a portfolio transfer form from your old broker
• In which you include information about the assets you want to transfer and the details of your target broker
• Sign the form and send it to your old broker
• Let your target broker's Customer Support know to expect contact from your old broker.

Conditions of a portfolio transfer are as almost exactly the same as transferring an ISA. The only difference is that some ISA providers have promotional services, meaning fees would be lower only for an ISA account transfer.

Unfortunately you cannot transfer your ISA to this broker as it does not provide this service. However, do check out our recommendations of the best brokers that do provide stocks and shares ISAs.

And you can learn more on how to transfer your ISA in this article.