Overview
Investors can transfer shares into a Thndr brokerage account from an external brokerage or transfer shares out of a Thndr brokerage account to an external brokerage. The required share transfer steps depend on the direction of the transfer, so pick the section that applies to you below.
How to transfer shares to Thndr from another broker
To trade shares through Thndr, the shares must be moved into custody with with Thndr Technology Holding (4625).
Contact your current broker and ask them to transfer your shares to custodian 4625 (Thndr Technology Holding)
Open the Thndr app and go to My Hub → Brokerage transfer
Fill out the in-app form with the details of the shares you're transferring in
Submit the form
The Thndr team will coordinate with your existing broker to complete the transfer.
How to transfer shares from Thndr to another broker
We're sorry to see you go. To transfer shares from Thndr to another brokerage, submit a share transfer request form. The Thndr team will then review the request and follow up with the next steps.
Fill out the share transfer request form with your details, the shares you want to transfer, and your receiving broker
Submit the form
Wait for the Thndr team to contact you with the next steps.
What to expect after submitting a share transfer request
After submitting a share transfer request, a member of the Thndr team will contact you to confirm the transfer details and guide you through the rest of the process, including any required documents, signatures, and fees.
Transfers are typically completed within one business day after all required documents are submitted.
Fees
Transferring shares into Thndr is free from Thndr's side. Your existing broker may charge their own transfer-out fees. Check the transfer-out fees with your current broker before submitting the share transfer request to Thndr.
A transfer fee of 0.05% of the market value of the transferred shares applies when moving shares out of Thndr.
Rate: 0.05% of the market value of the shares being transferred, based on the previous trading day's closing price.
Minimum fee: EGP 50.
For example, if the shares being transferred have a market value of EGP 20,000, the transfer fee would be:
EGP 20,000 × 0.05% = EGP 10
Since the minimum fee is EGP 50, the charged fee would be EGP 50.
For another example, if the shares being transferred have a market value of EGP 200,000, the transfer fee would be:
EGP 200,000 × 0.05% = EGP 100
In that case, the charged fee would be EGP 100.
The Thndr wallet must have enough balance to cover the transfer fee before the share transfer request can be processed.
What can affect a share transfer
Unsettled shares
Shares still under settlement cannot be transferred until settlement is completeFor example, if shares are still settling on Monday, the transfer can only start after the settlement process is complete.
Changes to the transfer request
Any changes to the shares or quantities after submission require a new form within one business week. Otherwise, the transfer request will be cancelled.
For example, if a transfer request is submitted on Sunday, and the share quantity needs to be changed, a new form must be submitted within one business week.
Open orders
Any pending buy or sell orders on the shares being transferred must be cancelled before the transfer can proceed.
FAQs
What is Thndr's custodian code for transferring shares into Thndr?
Thndr's custodian code is 4625 registered under Thndr Technology Holding. Share the custodian code with your current broker when transferring shares into Thndr.
Can shares held at another custodian still be traded through Thndr?
Shares must be held in custody with Thndr Technology Holding, custodian code 4625, to be traded through Thndr. Thndr doesn't currently offer brokerage services for shares held at other custodians.
How long does a share transfer take?
Share transfers are typically completed within one business day after all required documents are submitted.
For example, if all required documents are submitted on Tuesday, the transfer is typically completed by Wednesday, assuming both days are business days.
When can recently purchased shares be transferred to another custodian?
Recently purchased shares can be transferred after settlement is complete. Shares under settlement cannot be moved until the settlement process is complete.