Tiered Margin Interest Rates

Annual Margin Rate

Webull provides up to 4x day-trade buying power and 2x overnight buying power with a margin account. You must have at least $2,000 to qualify.
Interest on margin trading is calculated on a daily basis and paid on a monthly basis. The margin rate is variable and is determined by the size of the margin loan.
The margin rate is set at our discretion and is subject to change without notice.

Short Selling Fees

For a short position, you need to borrow shares of a company before you sell them. The cost associated with a short sale is the fee for borrowing the stocks of said company. The stock loan rate changes on a daily basis based on market condition. Just as interest on margin trading, it is calculated on a daily basis and charged daily. The formula is:
Daily Margin Interest (Short Position) = The Daily Market Value of the Borrowed Stocks when Market Closes* Stock Loan Rate for That Stock/360.

Fees Charged By Regulatory Agencies & Exchanges

Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. Webull does charge a $0.55 per contract fee applies for certain options trades. Fees are also applied by certain regulatory agencies, some of which are passed from the broker dealer to clients as a pass through transaction. Webull does not profit from these fees. 

• 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>
  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.
• 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: $0.000145 per share for each sale of a covered equity security, with a maximum charge of $7.27 per trade; $0.00224 per contract for each sale of an option contract.Learn more>
• 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>
• 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>
• 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.
• There is no Regulatory Transaction Fee and Trading Activity Fee for index options.

Index Option Fees

Webull passes through proprietary index option fees to clients on a per contract basis. Certain exchanges charge a proprietary index option fee on select index options that only trade on their exchange. Please see the rates below.

• For simple VIX, a priority surcharge is assessed on contracts executed electronically that are Maker and not Market Turner by $0.20 more.
• There is no exchange proprietary index options fee for Nanos, SPIKEs, NDX and NDXP.

Other Relevant Fees

Deposit & Withdrawal Fees

• An ACH transfer is free of charge, but if an ACH transaction is returned due to insufficient funds, a non-transactional account, levies, or for any other reason you will be charged a $5 reversal fee by our clearing firm.
• $5 ACH reversal fee is also applied to a returned/reversed ACH withdrawal.
• All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing.
• Additional wire transfer fees charged by any originating, intermediary, or recipient bank may apply. Please contact your bank for details.
• Please make sure that the beneficiary owner of the bank account is the Webull account owner. You must provide your full name and Webull account number in the description/comment of your wire transfer, or the transfer will be returned. If your wire transfer was returned due to non-identical, or wrong beneficiary owner or wrong information, the wire transfer fees charged by any originating, intermediary, or recipient bank may still apply.

Stock Transfer Fees

Postage

Note: Per regulatory requirements, we must provide statements and confirms to clients. Normally this is sent electronically to the email address provided by clients in their account opening application. However, if the email address fails to receive the email, we are required to send paper statements, confirms, and prospectus to the mailing address on file. This will incur the above paper material delivery fees, charged by Apex, our clearing firm.

*Fees are subject to change without notice.