|Regulatory Transaction Fee ||Webull as a pass through transaction ||$0.0000051 * 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 ||$0.02135* No. of Contracts (Buys & Sells) |
|Clearing Fee ||Options Clearing Corp (OCC) ||$0.02 * No. of Contracts (Max $55 per Trade)(Buys & Sells)** |
1. Regulatory Transaction Fee:
The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations at a rate consistent with Section 31 of the Securities Exchange Act of 1934. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as Webull, and we, in turn, offset this fee by charging you a Regulatory Transaction Fee for covered sell transactions. The fee is ultimately intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The SEC recalculates the amount of this fee periodically – at least annually but sometimes more often. Learn more>
2. Finra Trading Activity Fee:
The Trading Activity Fee will be assessed at a rate consistent with Section 1 of Schedule A of FINRA’s By-Laws for trading activity. Current rates are: $0.000119 per share for each sale of a covered equity security, with a maximum charge of $5.95 per trade; $0.002 per contract for each sale of an option contract. Learn More>
3. Options Exchange Fee:
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>
4. OCC Clearing Fee:
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>
5. 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.
*Effective November 1, 2021, the Options Regulatory Fee (ORF) Rate changes from $0.02235 per contract to $0.02135 per contract.
*Effective October 1, 2021, the Options Regulatory Fee (ORF) Rate changes from $0.03215 per contract to $0.02235 per contract.
*Effective September 1, 2021, the Options Regulatory Fee (ORF) Rate changes from $0.033 per contract to $0.03215 per contract.
*Effective June 1, 2021, subject to regulatory review, OCC clearing fees deducted from four and a half cents ($0.045) per contract to two cents ($0.02) per contract.
*Effective February 25, 2021, the SEC Fee rate will be reduced from $22.10 to $5.10 for every $1,000,000 in sale proceeds.
**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.
Exchange Proprietary Index Option Fees:
Webull passes through proprietary index option fees to clients on a per trade basis. Certain exchanges charge a proprietary index option fee on select index options that only trade on their exchange. Please see the rates below.
Option trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the entire value of their investment in a short period of time and incur permanent loss by expiration date. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options and Option Spread Risk Disclosure before trading options.