Transfer from a broker to an another

Hello,

I'm trying to transfer money from my actual broker (BrokerOne) to a new one (BrokerTwo), both are NFA members.

I asked BrokerTwo and they said that it's ok, but BrokerOne is refusing; what can I do about it ?

@+

Withdraw from Broker A and wiretransfer it to broker B.
BOOM Problem solved.

If broker one is refusing, did they give a reason? That's your own personal business...but a broker has the right to refuse a transfer to you personally if you set up the account as an IRA account since they are more than likely following tax rules set up by uncle Sam regarding IRA's.

But a broker to broker transfer both as long as the broker you are tranferring to is setting up your new account as an IRA account as well it should be permitted

M

@Tjpld : Thank you, I'm trying to avoid the delay and fees of 2 wire transfers

@m_eavey : I have a normal personal account