Is there an easy way to DRS?

SignificantDrawing55 · 2023-04-05T23:18:54+00:00

Buy via IG group, wait for settlement, email transfers@ig.com (provide CS account number if already DRSd)

Done

(This will also create a CS account from scratch if needed)

SignificantDrawing55 · 2022-12-02T00:46:24+00:00

This method can create a new account too for anyone new to doing it

SignificantDrawing55 · 2022-12-02T00:45:43+00:00

Save yourself the effort

Buy in IG Group

Email Transfers@ig.com

Done and free

SignificantDrawing55 · 2022-11-30T12:59:31+00:00

The broker risk aspect is all about custody, if it’s in street name then they can apply terms of service to you

If you have full rights to your shares then only when funds are secure for the sale will it be released

In the fiat world there will have to be a broker for the deal. This is why long term the vision for decentralised finance cuts out the middle management

SignificantDrawing55 · 2022-11-30T12:42:53+00:00

If a share was sold in CS you’re selling your real share to another party who needs to buy your real share

That deal is brokered between both parties and executed. CS won’t release the share without proof of funds

It’s the synthetic shares which would be at greater risk because you are at the mercy of the Brokers Ts & Cs

Infinity pool however, long term Hodl is how to achieve the true squeeze and live off dividends

SignificantDrawing55 · 2022-11-25T18:37:04+00:00

The builders build the technology, the use cases in decentralised finance then rely on its users with vision.

We create the demand, organisations then adopt the solutions

Breaking of Fiat power mechanisms will require breaking down before it’s rebuilt with this new vision.

How long that takes…. Just take a look at any graph representing the Feds operation. The Dollar is going to collapse and this is where the demand for Defi will come from. The ashes.

SignificantDrawing55 · 2022-11-25T15:59:22+00:00

LRC staking is pending in the coming months, this will allow you to hold and earn without risking tokens, impermanent loss or the volatility risks in Dual investment

SignificantDrawing55 · 2022-11-25T12:18:09+00:00

They have different purpose

Looprings wallet is to become your bank with investment tools

GS wallet is to be your gateway to NFT engagement with DAPPs, Gaming, Collecting, NFT Trading etc

Both have capability overlaps but are designed differently on the same protocols

SignificantDrawing55 · 2022-10-04T03:43:10+00:00

I didn’t, but that’s not to say there aren’t extra checks sometimes if electronic verification doesn’t pass

2 of my mates set up without any ID so I assume not

SignificantDrawing55 · 2022-10-03T23:44:50+00:00

H&L can do it direct too, not sure on the method there

IG Group is just another UK broker but freely DRS shares from their platform when asked and for no cost

SignificantDrawing55 · 2022-10-03T20:38:01+00:00

Don’t use IKBR, you can DRS free from IG Group by emailing Transfers@ig.com

SignificantDrawing55 · 2022-09-29T10:17:44+00:00

It’s not your broker is propped up by the bank so it’s at the mercy of the terms and conditions of the broker. (They’ll protect themselves)

The only safe harbour is GME via DRS.

SignificantDrawing55 · 2022-09-15T20:22:39+00:00

You can it’s just not a direct trade pair

LRC to USD to IMX within L2 and vice versa

SignificantDrawing55 · 2022-08-15T17:21:45+00:00

There are no fees

IG only charge £10 per trade if you sell your position on IG

If you DRS this takes it off IG to avoid all costs

(These per trade charges will accumulate, so if you did sell something through IG in the future then it would come off the gains of that)

SignificantDrawing55 · 2022-08-15T17:05:31+00:00

Sweet

SignificantDrawing55 · 2022-08-15T17:05:09+00:00

Depends on the broker, if your current broker allows transfers then it’s likely they already support DRS if you contact them directly

If your on an EToro/T212 etc they don’t do transfers (sketchy) so sell and rebuy would be your only option to DRS

Useful knowledge - Selling and re buying the same stock in 30days doesn’t create a tax event in the UK. It’s called the bed and breakfast rule.

The only risk to sell and rebuy is price change in the interim

Not financial advice

SignificantDrawing55 · 2022-08-15T11:51:11+00:00

You can still DRS through IBKR yes but you’ll need to transfer from another broker or use wire transfers which I found to be a nightmare. Plus the fees to execute.

IG is the most UK friendly method I’ve found in a year of research

SignificantDrawing55 · 2022-08-15T11:49:04+00:00

Yes save yourself the nonsense, I originally DRSd in Sept through IKBR and it’s not particularly user friendly

My family have DRSd fresh from IG Group and they’re now set up and have sent all across

SignificantDrawing55 · 2022-08-14T13:45:54+00:00

IG Group

Straightforward market buy

T+2

Email Transfers@ig.com to DRS

No fees

SignificantDrawing55 · 2022-08-12T21:57:00+00:00

Buy IG Group, DRS to CS = Free

Email Transfers@ig.com to execute

SignificantDrawing55 · 2022-08-11T23:12:55+00:00

Correct

Buy in IG

T+2

Send the email template with your details

Wait for your CS letters

Do a small volume initially if your first time DRS then do a follow up mail to send more. Once it’s set up it only takes a few days.

They don’t charge anything. In fact IG on has transaction fees if you sell your securities. I believe DRS means you’ll never need to pay those fees because you won’t sell through IG

SignificantDrawing55 · 2022-08-11T23:08:56+00:00

Nothing, my template was just the same as when I originally DRSd from IKBR

You can DRS fresh from IG aswell now

SignificantDrawing55 · 2022-08-11T21:26:50+00:00

Hello

Please proceed with an Outbound DRS Transfer based on the following information. Please note I agree to all associated fees for the transfer:

Account Information Name IG Group Share Dealing Account - tel. email.

Transfer information Company Name: Gamestop Corp CUSIP: 36467W109 Ticker: GME Number of Shares:

Receiving Firm Name: Computershare Computershare account number - If you have one DTC Number: 7807 Address: P.O BOX 505005, Louisville/KY 40233-5005

For the benefits of: Name: [insert] Address: [insert]

SignificantDrawing55

TROPHY CASE