ACAT Fee For Transfers INTO Webull
Webull does not charge anything if you are transferring account to them. You can use a
promotion offer below to open an account and begin the transfer:
Open WeBull Account
Does Webull Cover Transfer Fee? (ACATS In)
Webull reimburses up to $75 of ACAT transfer fee charged by your current broker.
The transferred account balance must be $2,000 or more when transfering a brokerage account,
$5,000 or more when transfering an IRA account.
Webull Outgoing Transfer Fee (ACAT Out Fee)
Webull ACAT fee is $75 for a full account transfer (stock, option, and ETF positions). If you move your account to
TD Ameritrade,
they will reimburse this ACAT fee.
Open TD Ameritrade Account
Open TD Ameritrade Account
WeBull Commissions, Fees, and Account Requirements
Webull has incredibly ultra-low fees. The stocks and ETF’s that can be traded carry zero commissions. This means it won’t cost you a dime to buy them, although exchange and regulatory fees are passed onto the customer on the sell side. These charges are usually pennies per trade.
Opening an account comes with zero fees, and there are no fees to maintain or close one. Webull does not impose a minimum deposit requirement to open an account, either. The broker promises that applications are “normally approved in a day.” Sure enough, our test account was approved the same day.
The company currently is offering one free share of stock for each account that is opened. We received a share of ABEV, valued at $4.23 on the day we received it. You'll get
another free share after depositing $100 into account.
A Webull account can be setup as either a cash account or a margin account. The broker’s margin rates are very competitive. A debit under $25,000 currently costs 6.99% annually. This rate drops on a tiered schedule, reaching 3.99% above $3,000,000. For a short stock position, the margin rate is applied against the required margin for the borrowed stock.
ACH transfers are free at Webull, although the company does charge for wires: 12.50 incoming (international) 45 outgoing
(international), 8 incoming (domestic) 25 outgoing (domestic). ACAT transferring an account to another brokerage firm will set you back $75
at Webull.
Customer Service
The Webull website has a very good Q&A section that will answer a lot of questions that clients
and prospective clients have. They cover issues such as account opening, deposits and withdrawals, and how to place trades. If you have a specific question and can’t find an answer, there’s a search box that may be of assistance.
Unfortunately, that’s about all there is on the website. The main platform for Webull traders is the broker’s
mobile app. Here, we were able to find a messaging service that allows users to contact the company. Attachments can be included if you have a question about a specific place within the app. Received messages are saved on the app.
WeBull IRAs
The brokerage firm currently offers Traditional, ROTH, and Rollover IRA’s. All of these have $0 commissions,
and $0 account fees.
WeBull Account Transfer Fee Disclaimer
For the most recent information on WeBull ACAT fees (full and partial account transfer out,
and ACAT eligibility status) visit their website.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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