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Seamless switch of share brokers from UK to Oz
Hello,
We've been to Australia twice now to check things out and we've decided to get the application process started, but there's one question that I cannot find a definitive answer to.
I currently use IWeb (UK) to buy & sell UK & US shares, but I'm considering opening an account with a new broker who also has a presence in Australia.
Does anyone know how it would work if I opened an account with a broker like CMC markets in the UK, then move to Australia. Would my share holdings seamlessly switch over to my 'Australian' registered CMC markets account, or would I need to pay some hefty transfer costs in order to register the shares under my Australian account?
Also, if anyone has any good experiences of a similar transition from UK to Oz brokers, please could you let me know which broker you used.
Many thanks
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