2. Webull supports individual cash, margin accounts, traditional IRAs, Roth IRAs and Rollover IRAs only.
3. The name and type of the delivering account must be identical to the receiving account's name and type. Transfer may be delayed if your outgoing account type differs from your Webull account.
4. Your outgoing broker may charge you for the ACAT transfer (the specific amount of fees varies by broker). To protect our customers, Webull does not support account transfers of assets below $500 due to the high cost of the transfer. The alternative cost-free option, is to liquidate your positions at your current broker, withdraw the funds to your bank and deposit those funds to Webull.
What kind of securities can I transfer to my Webull account?
Most U.S. listed equities, options, ADRs, and ETFs are supported. (Currently Webull does not support bonds, mutual funds, pink sheets and penny stocks on the OTC market.)
To make sure whether the specific security being transferred is tradable on Webull, please check with the following method:
> Search the symbol or company name and move to the stock detail page.
> If there is a Trade button on the bottom left, that stock is tradeable on Webull. Otherwise, it is not.
> Tap the "Options" button on the bottom of the stock detail page
> Tap any bid or ask on the options quotes page
> If there is a Trade button on the bottom left, then it is tradeable here. Or else, it is not.
Where to start stock transfer in Webull APP?
Once all your securities have been confirmed as tradable, please follow the following steps to initiate a stock transfer in the Webull app:
>Tap on "Transfer" on the Webull logo page or Deposit page.
>Tap on "Transfer Stock into Webull".
>Read the Transfer Tips and Tap on "Transfer Stocks to Webull".
>Choose the broker to transfer from.
>Enter the information as prompted and click on the “Transfer Now” button.
Both full transfer and partial transfer are supported.
For full transfers, all your assets (including all positions and cash) will be transferred to Webull, so please make sure the securities being transferred are supported by Webull. If you are trying to transfer bonds, options, mutual funds, pink sheets or penny stocks on the OTC markets, your transfer will be rejected in full. If you would like to transfer cash, please select full transfer (U.S. dollars only).
For partial transfer, only U.S stocks and ETFs are supported. You should specify all the securities with symbol and quantities.
How long does a stocks transfer take?
Stock transfer usually takes 5-7 business days to complete. However, delays can occur if the incoming account type differs from your Webull account. Delays can also occur if you have any activity in your outgoing account (unsettled stocks, ACH transactions, etc). Please contact us if your transfer is pending for more than 7 business days.
Fees for transfer stocks to Webull
Webull does not charge any fees for incoming transfers, however, your outgoing broker may charge you for transferring out, the specific amount of fees varies by broker. Please contact your outgoing broker for details. The alternative cost-free option, is to liquidate your positions at your current broker, withdraw the funds to your bank and deposit those funds to Webull.