Webull prides itself on keeping its accounts totally commission free, but relevant SEC & FINRA fees may apply. If you make a margin trade and hold the position overnight, you will be charged margin interest.
SEC Trading Fee*
|Sells only. |
$0.0000221 * Total $ Trade Amount
FINRA Trading Fee
$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.
|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.
1) Margin interest is only charged for leveraged positions held overnight.
2) For a long position, the daily interest = Borrowed Cash * Margin Rate/360
|Dollar Range||Annual Margin Rate|
Fees for short sale
For a short position, you need to borrow shares. The cost associated with a short sale is the fee for borrowing said stock. This fee changes every day for every available stock and is charged on a daily basis.