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How can I upgrade my cash account to a margin account?

You can upgrade your account by requesting it through the app. 

To do so, navigate from the Homepage(Webull logo)> Details >Account Profile >Account Type > Change Account Type.  

In order to upgrade you need to meet the following qualifications:

-All Trades Settled

-All Funds Settled

-No Open Orders

-Net Account Value >$2,000

-Exit the Stock Lending Income Program

-No options position 

Funds from incoming and outgoing deposits and trades need to be fully settled and not in transit.  Unfilled orders must be canceled as well.  Equity needs to be above $2,000 in order to upgrade to a margin account.  The stock lending program must be exited.  The Stock Lending Income Program allows your shares to be loaned out so other stock market participants can short stocks.  You earn a small percentage of revenue for the rates those participants pay to borrow the stock.  In order to upgrade, you need to unenroll from this program.  Lastly, no options position should be held. If the following requirements are not met, the application will be rejected.

Once you submit a request to upgrade to a margin account it takes up to 6 days to complete. During this period, you will not be able to trade. Additionally, positions undergoing corporate actions may further delay the time it takes for an account type to change over.


For applying for margin you should have a clear understanding of the rules and potential risks associated with margin, such as the pattern day trading rule, day-trading buying power versus overnight buying power, and margin calls. Margin trading increases the risk of loss and includes the possibility of a forced sale if account equity drops below required levels.

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