Webull Annual Fee
Webull does not charge an annual fee for regular brokerage individual or joint taxable accounts. The firm
also does not have an annual IRA management fee or any monthly service charges.
Promotion
Account opening promotion link:
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Webull Inactivity Fee
Webull does not charge account inactivity fee.
Webull Maintenance Fee
Webull does not charge annual maintenance fee for regular brokerage individual or joint taxable accounts.
Webull Fees
Under this link you can
find the list of the company's commissions and all the account fees charged.
Broker Review
Read detailed review of Webull »
6 FREE stocks valued $34-$12,600 give-away at Webull.
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Webull Charges
Despite advertising $0 commissions, Webull does charge fees for some trading activities. Here are all the details you need to know:
Margin Fees
Webull offers margin accounts with 4x day-trading leverage and 2x overnight leverage. The margin interest rate the broker charges varies by balance. Currently, a debit under $25,000 costs 6.99% annually. The rate is calculated on a daily basis and charged to the account once per month.
Webull’s margin rate begins dropping by 50 basis points after the loan goes above $25,000. Above $250,000, the rate is 5.49%; and it reaches 3.99% after $3,000,000.
Webull Account Fees
Webull charges nothing to open, maintain, or close an account. This generous policy applies to both retirement and taxable accounts.
Shorting Fees
If you short a stock at Webull, the brokerage firm charges interest. After all, you are borrowing something, and fees are usually assessed when you do that. The broker’s short fee varies from day to day and from stock to stock.
Withdrawal and Deposit Fees
If an ACH is reversed or returned for any reason, Webull charges $30. There are no deposit and withdrawal fees normally when using the ACH system.
For wires, it’s a different story. An incoming domestic wire is $8. This is an unusual policy. Most financial institutions don’t charge anything for incoming domestic wires. E*Trade is one example. A withdrawal via wire at Webull is $25. If any wire fails for any reason, there is a $30 fee.
International wires are even more expensive. A deposit costs $12.50 per instance; while going in the other direction is a very steep $45.
Account Transfers
There is no charge to transfer cash or securities into a Webull account. However, a transfer out costs $75.
Hard Copies
Electronic documents at Webull are free. The broker does charge $2.50 for a paper prospectus. There is an additional charge for confirmations and statements sent through snail mail. The fee is 25¢ per page.
Regulatory Fees
Although there are no commissions assessed on trades, Webull does pass on exchange and regulatory fees to its customer. These include a sell-side SEC fee of 0.00207% of the total trade amount, with a 1¢ minimum. FINRA also imposes a sell-side charge. It is 0.0119% with a 1¢ minimum and a $5.95 maximum.
Comparison
Many other brokerage firms today charge $0 on stock and ETF transactions. These companies include Ally Invest and
TastyWorks.
Some brokerage houses charge nothing for paper statements. Fidelity is an example.
A few brokerage firms still have IRA closeout fees. Merrill Edge is one such broker.
Webull Annual Fee Disclaimer
For the most recent information on Webull fees (annual, inactivity fee, maintenance and monthly charges) 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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