[LethargicStud]

My main FUD with alpaca.markets is the ability to transfer assets in/out. It doesn't look like they offer ACATS transfers (although there's not much info on this!).

Using them for anything beyond entertainment budget is very scary - you may incur substantial tax liability if e.g. they ever go out of business or you choose to use a different brokerage.

Any insight here? Am I missing something? Is there any way to transfer holdings out without incurring the cap gains?

[whb07]

as far as i know the "actual" backend data is standardized, ie same instrument names and dates etc. Adding to that, by playing in the US markets the SEC and FINRA, have that stipulation of being able to move between institutions in a standardized and regulated way.

long story short, they all have to implement a system to move out and in (well they all want your assets so this part is obvious).