Isn't the commission free? Why was my trade charged $0.02?
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Isn't the commission free? Why was my trade charged $0.02?

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.

For Stocks & ETFs

Items Charges
SEC Trading Fee*
Sells only. 
$0.0000221 * Total $ Trade Amount
Min $0.01
FINRA Trading Fee
Sells only.
$0.000119* Total Trade Volume
Min $0.01 per - Max $5.95 per

*As of February 18, 2020, the SEC Fee rate is $22.10 for every $1,000,000 in sale proceeds.

For Options, Charged by Regulatory Agencies & Exchanges

Items Charged By Fees
Transaction Fee
The U.S. Securities and Exchange Commission (SEC)
$0.0000221 * Total $ Trade Amount (Min $0.01)(Sells Only)
Trading Activity Fee 
Financial Industry Regulatory Authority (FINRA)
$0.002 * No. of Contracts (Min $0.01)(Sells Only)
Options Regulatory Fee Options Exchanges
$0.0388 * No. of Contracts (Buys & Sells)
Clearing Fee
Options Clearing Corp (OCC)
$0.045 * No. of Contracts (Max $55 per Trade)(Buys & Sells)*

The Transaction Fee is charged by the U.S. Securities and Exchange Commission (SEC), an independent agency of the United States federal government. Learn More >

Financial Industry Regulatory Authority (FINRA) requires each member to pay trading activity fees for the sale of covered securities. Learn More >

The Options Regulatory Fee is a fee assessed by exchanges on their members. It is collected by The Options Clearing Corp (OCC) on behalf of the U.S. options Exchanges. Learn More >

The Clearing Fee is charged by The Options Clearing Corp (OCC) who provides central counterparty (CCP) clearing and settlement services to 16 exchanges. Learn More >

*As of September 1, 2020, the per contract clearing fee was reduced from $0.055 to $0.045 per contract, with a max of $55 per trade.

Our clearing firm, Apex, will withhold the above regulatory fees where applicable. All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing.

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