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 deposit minimums.

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.

Open an Account

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

Annual Margin Rate

$0~25,000.00

6.99%

$25,000.01~100,000.00

6.49%

$100,000.01~250,000.00

5.99%

$250.000.01~500,000.00

5.49%

$500,000.01~1,000,000.00

4.99%

$1,000,000.01~3,000,000.00

4.49%

>$3,000,000.00

3.99%

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 stocks, ETFs and options listed on U.S. exchanges. However, fees are still applied by the SEC, FINRA and OCC, the regulatory agencies. Webull does not profit from these fees.

Trading Privileges

Charged By

Fees

Rule

Stock/ETF

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

$0.0000207*Total $ Trade Amount (Min $0.01)

Sells Only.

Financial Industry Regulatory Authority (FINRA)

0.000119* Total Trade Volume Min $0.01 per - Max $5.95 per

Sells Only.

Options

The Options Clearing Corp

$0.0381 per Contract

Both Buys And Sells.

Financial Industry Regulatory Authority (FINRA)

$0.002 per Contract (Min $0.01)

Both Buys And Sells.

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

$0.0000207*Total $ Trade Amount (Min $0.01)

Sells Only.

Other Relevant Fees

Deposit & Withdrawal Fees

Action

Region

Fees

Charged By

ACH Deposit

U.S. Bank Account

$0.00

-

ACH Withdrawal

U.S. Bank Account

$0.00

-

Deposit via Wire Transfer

U.S. Bank Account

$8 per Deposit

Apex (Clearing Firm)

Withdraw via Wire Transfer

U.S. Bank Account

$25 per Withdrawal

Apex (Clearing Firm)

Deposit via Wire Transfer(International)

Non-U.S. Bank Account

$12.5 per Deposit

Apex (Clearing Firm)

Withdraw via Wire Transfer(International)

Non-U.S. Bank Account

$45 per Withdrawal

Apex (Clearing Firm)

  • An ACH transfer is free of charge, but if an ACH transaction is returned due to insufficient funds, a non-transactional account, levies, or for any other reason you will be charged a $30 reversal fee by our clearing firm.
  • $30 ACH reversal fee is also applied to a returned/reversed ACH withdrawal.
  • 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 direction

Charged By

Fees

Transfer to Webull

Apex (Clearing Firm)

$0.00

Contra Broker

Please contact the contra Broker for details.

Transfer from Webull

Apex (Clearing Firm)

$75 per Outgoing Stock Transfer

Contra Broker

Please contact the contra Broker for details.

Postage

Action

Charged By

Fees

Paper Confirm Fee

Apex (Clearing Firm)

$2 pre confirm

Paper Statements Fee

Apex (Clearing Firm)

$5 pre statement

Paper Prospectus Fee

Apex (Clearing Firm)

$2.5 pre mailing

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.