Webull Financial Fee Schedule

Webull believes that technology empowers traders to be more profitable helping to grow our user’s economic freedom. Technology also enables us to provide transparent and straightforward prices with 0 commission trades and no deposit minimums.
We make money the same way every other broker makes money, but with one less revenue line item: commissions. In order to keep the lights on, we optimize the back-end revenue streams that every other broker (traditional or non) utilize to generate revenue. Simply put, these are stock loans, interest on free credit balances, margin interest and payment for order flow. More information on this can be found in our SEC Rule 606 disclosure.
Open an Account
Margin Interest Rates

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. 

TypesFeesRuleCharged By
Regulatory Transaction Fee$0.0000278*Total $ Trade Amount (Min $0.01)Sells OnlySecurities and Exchange Commission (SEC)
Regulatory Fee$0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 perSells OnlyFinancial Industry Regulatory Authority (FINRA)

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>

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: $0.000166 per share for each sale of a covered equity security, with a maximum charge of $8.30 per trade; $0.00279 per contract for each sale of an option contract.Learn more>

Potential Fees for trading OTC securities

Low-Priced Securities (for transactions in excess of 100,000 shares priced under $1.00/ share)$0.0002 per share (maximum 5% charge of principal value)
F-stocks (foreign settlement)

Buys: $5.00 per trade

Sells: $0.05 per trade

Illiquidity Charge

Additional fees and interest may be charged for trading activity that triggers an NSCC illiquidity charge, as determined by the NSCC.

Minimum Overnight Interest Rate: 15%

Fee: $250

Stock Transfer Fees

Transfer directionFeesCharged By
Transfer to Webull


Please contact the contra Broker for details.

Apex (Clearing Firm)

Contra Broker

Transfer from Webull

$75 per Outgoing Stock Transfer

Please contact the contra Broker for details.

Apex (Clearing Firm)

Contra Broker