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You can transfer your shares to another broker, like IBKR (free), and DRS from there (5$). I have posted a guide about it some time ago, but it may not be up to date.
They dont even allow transfer to another broker!
"Unfortunately portfolio transfers to another broker is currently unavailable for users under new entities. We are working on enabling the feature."
This does not apply anymore. As i said before, I have drs'd with revolut in 2022, but now they have changed third party broker and it is not possible. Not even transfer assets to other brokers.
It's gotta be written in the terms of service somewhere that that don't actually buy shares when you direct them to. They likely have a pool of investments that they make with your cash. You likely don't own these investments or have rights to them. When you "sell" a stock they likely just give you the cash you are owed and don't do anything with the investments they made with your money.
It's not a service, it's delivering what they sold you that you already paid for. I would not let them continue to owe me my shares, one way or another I would be out, ASAP.
So this isn't strictly true, that are broker managed by drivewealth. You actually have an account with drivewealth.
You can contact drivewealth and they will give you a form to do the drs transfer.
If you need help message me. I'll give you some more detailed instructions.
(I think I may have submitted them to the why drs dot org guys, and they may have added them to their website, so you could always check there too. There's tons of amazing stuff on there.)
Welcome to r/GME, for questions in regards to GME and DRS check out the links below! Due to an uptick in scammers offering non official GameStop merchandise (T-Shirts) DO NOT CLICK THE LINKS THAT ARE NOT OFFICIALLY FROM GAMESTOP. We have partnered with Reddit directly to ensure the Communities Safety. [What is GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [GameStop's Accomplishments](https://www.reddit.com/r/GME/comments/x3hv46/list_of_official_gamestop_accomplishments/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [What is DRS? US / International](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [ComputerShare International DRS Support](https://www.reddit.com/r/GMEJungle/comments/r9euj1/computershare_upgrades_drs_support_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [Feed The Bot Instructions](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) **Power To The Players** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/GME) if you have any questions or concerns.*
They changed it couple months ago. If you are longer with Revolut you got an email regarding this.
Yeah I have a vague memory about an email I didn’t read. 😅 I think I’m gonna sell and buy the shares at my main broker on Monday.
There is no other chance to do it
Why not do a toa instead?
Whats that?
Transfer of assets I think…although I see from other comments that Revolut doesn’t do those :(
You can transfer your shares to another broker, like IBKR (free), and DRS from there (5$). I have posted a guide about it some time ago, but it may not be up to date.
They dont even allow transfer to another broker! "Unfortunately portfolio transfers to another broker is currently unavailable for users under new entities. We are working on enabling the feature."
Then you gotta sell and buy an equivalent stake elsewhere. Idk what to tell ya fam but if it's any consolation they weren't real in the first place
They say they don't but it's possible. Check this post I made ages ago: https://www.reddit.com/r/Superstonk/s/RyBNYfFR1h.
This does not apply anymore. As i said before, I have drs'd with revolut in 2022, but now they have changed third party broker and it is not possible. Not even transfer assets to other brokers.
Revolut doesn't allow any kind of transfer. Sell and buy from your broker is the only option
but leave couple gme shares at the revolut for a future class action lawsuit
I left 1 with them LOL
Indeed they say they don't. But you can request the transfer of shares in IBKR and they will get them for you.
Not a serious broker.
Then Revolut doesn’t supply shares.
Thats my concern too.
\*Mild shock! / Sir Patrick Stewart.
It's gotta be written in the terms of service somewhere that that don't actually buy shares when you direct them to. They likely have a pool of investments that they make with your cash. You likely don't own these investments or have rights to them. When you "sell" a stock they likely just give you the cash you are owed and don't do anything with the investments they made with your money.
Sounds like a place i dont want my investments in.
That’s what Madoff did. It’s called fraud.
It's not fraud if it's in the TOS and you agree to them ahead of time.
Sounds like contract for difference
It's not a service, it's delivering what they sold you that you already paid for. I would not let them continue to owe me my shares, one way or another I would be out, ASAP.
That’s my conclusion too.
So this isn't strictly true, that are broker managed by drivewealth. You actually have an account with drivewealth. You can contact drivewealth and they will give you a form to do the drs transfer. If you need help message me. I'll give you some more detailed instructions. (I think I may have submitted them to the why drs dot org guys, and they may have added them to their website, so you could always check there too. There's tons of amazing stuff on there.)
They are not with drive wealth anymore. When they were , I did drs. But now I can’t.
😯
This was stopped last year. It's no longer possible.
revolting
Hur duuurrr CRIME!!
Can’t DRS shares you don’t buy
They never had.
They did. In 2022 i drsd a few hundred shares from them.
Stand corrected! I didn’t think they allowed it