Webull Financial Fee Schedule

Webull believes that technology empowers traders to be more profitable helping to grow our user’s economic freedom. Technology also enables us to provide transparent and straightforward prices with 0 commission trades and no account minimums.

Account Opening Fee

Account Management Fee

Trading Commission

We make money the same way every other broker makes money, but with one less revenue line item: commissions. In order to keep the lights on, we optimize the back-end revenue streams that every other broker (traditional or non) utilize to generate revenue. Simply put, these are stock loans, interest on free credit balances, margin interest and payment for order flow. More information on this can be found in our SEC Rule 606 disclosure.

Tiered Margin Interest Rates

Annual Margin Rate

Webull provides up to 4x day-trade buying power and 2x overnight buying power with a margin account. You must have at least $2,000 to qualify.

Interest on margin trading is calculated on a daily basis and paid on a monthly basis. The margin rate is variable and is determined by the size of the margin loan.

Debit Balance

0

25k

0.1m

0.25m

0.5m

1m

3m

Annual Margin Rate

Short Selling Fees

For a short position, you need to borrow shares of a company before you sell them. The cost associated with a short sale is the fee for borrowing the stock of said company. This fee is variable and changes every day for available stocks. Just as interest on margin trading, it is calculated on a daily basis and charged monthly. The formula is:

Daily Margin Interest (Short Position) = The Daily Market Value of the Borrowed Stocks when Market Closes* Margin Rate for That Stock/360.

Fees Charged by Regulatory Agencies

Webull does not charge commissions for trading equities and ETFs listed on U.S. exchanges. However, fees are still applied on sell orders by the SEC and FINRA. Webull does not profit from these fees.

Charged By

Fees

Rate

Rule

The U.S. Securities and Exchange Commission (SEC)

Min $0.01

0.00207%

Sells Only. 0.0000207* Total $ Trade Amount

Financial Industry Regulatory Authority (FINRA)

Min $0.01 - Max $5.95

0.0119%

Sells Only. 0.000119* Total Trade Volume

Other Relevant Fees

Deposit & Withdrawal Fees

1. For U.S. bank accounts, you can deposit and withdraw funds via ACH transfers or domestic wire transfers.

ACH

Action

ACH Deposit

ACH Withdrawal

Fees

$0.00

$0.00

  • An ACH transfer is free of charge, but if an ACH transfer is returned due to insufficient funds, non-transactional account status, or an incorrect routing number, you will be charged a $30 fee by our clearing firm.
  • $30 ACH reversal fee is also applied to a returned/reversed ACH withdrawal.

Wire Transfer (Domestic)

Action

Deposit via Wire Transfer

Withdraw via Wire Transfer

Fees

$8 per Deposit

$25 per Withdrawal

Charged By

Apex (Clearing Firm)

Apex (Clearing Firm)

  • If a wire transfer withdrawal failed, you will be charged a $30 fee by our clearing firm, Apex.

2. For non-U.S. bank accounts, you can deposit and withdraw money only via international wire transfers.

Wire Transfer (International)

Action

Deposit via Wire Transfer

Withdraw via Wire Transfer

Fees

$12.5 per Deposit

$45 per Withdrawal

Charged By

Apex (Clearing Firm)

Apex (Clearing Firm)

  • All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing.
  • Additional wire transfer fees charged by any originating, intermediary, or recipient bank may apply. Please contact your bank for details.
  • Please make sure that the beneficiary owner of the bank account is the Webull account owner. You must provide your full name and Webull account number in the description/comment of your wire transfer, or the transfer will be returned. If your wire transfer was returned due to non-identical, or wrong beneficiary owner or wrong information, the wire transfer fees charged by any originating, intermediary, or recipient bank may still apply.

Stock Transfer Fees

Transfer Stocks & Cash into Your Webull Account

Charged By

Apex (Clearing Firm)

Contra Broker

Fees

$0

Please contact the contra broker for details. Some brokers charge a $75 fee for outgoing stock transfer/ ACAT, for example.

Transfer Stocks & Cash out of Your Webull Account

Charged By

Apex (Clearing Firm)

Contra Broker

Fees

$75 per Outgoing Stock Transfer

Please contact the contra Broker for details.

Postage

Paper Prospectus

$2.5/Mail

Paper Statements & Confirms

$0.25/Page

  • Note: Per regulatory requirements, we must provide statements and confirms to clients. Normally this is sent electronically to the email address provided by clients in their account opening application. However, if the email address fails to receive the email, we are required to send paper statements, confirms, and prospectus to the mailing address on file. This will incur the above paper material delivery fees, charged by Apex, our clearing firm.

* Webull reserves the right to change or modify the fee schedule at own discretion.