WeBull Minimum balance

WeBull Minimum Deposit

2023 WeBull minimum balance for a taxable account or a traditional/ROTH IRA. WeBull minimum deposit (initial amount) to open an account and an account minimum requirements.

WeBull Minimums

Webull is one of the most popular commission-free investing mobile apps. Webull offers great value to investors, but what are the minimum deposit requirements, the minimum investment requirements, etc.? In this article, we answer those questions and cover the most important minimum-related topics on Webull.

WeBull Account Minimums & Minimum Balances

Webull has no general account minimums required to open an account and no general minimum balance amount required to maintain your account or to avoid a maintenance fee. Even though Webull doesn’t technically have any account opening minimums or minimum balances, a few circumstances require certain account minimums.

To have a margin account with Webull, you need to have and maintain at least $2,000 in your account. To do certain types of options trades with Webull such as spreads and straddles, you need to have a margin account and consequently a $2,000 minimum balance. To be a pattern day trader and have the privileges of a pattern day trading account with Webull, you need to have and maintain the standard $25,000 account value.

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WeBull Minimum Deposits & Withdrawals

There is no minimum deposit amount for one-time deposits into Webull. For recurring deposits, Webull has a $1 minimum required per deposit. Webull has no minimum amount required for transferring assets from another firm into your account.

There is technically no minimum withdrawal amount required when taking your money out of Webull. However, Webull charges a $25 fee for U.S. domestic wire withdrawals and a $45 fee for international wire withdrawals, therefore a domestic wire requires a minimum withdrawal amount of $25 and a domestic wire withdrawal requires a minimum amount of $45 to at least cover the fee.

WeBull Minimum Deposit

WeBull Minimum Investment Amounts

Webull offers fractional share trading on most U.S. exchange-listed stocks and ETFs, which means that there is no minimum investment amount for these investments. The minimum investment amount for options trades on Webull is 1 contract because fractional shares of options don’t exist. Webull, unfortunately, doesn’t offer investing in mutual funds, OTC stocks, or penny stocks, so you don’t have to worry about any minimums for those.

The minimum investment amount for crypto on Webull is the greater of $1 or 0.00000001 of a share. In other words, you have to buy at least $1 worth of crypto, but if $1 is not a minimum of 0.00000001 of a share, then you would need to buy a minimum dollar amount of whatever 0.00000001 of a share is for the specific crypto you are buying. For example, at Bitcoin’s current price of about $24,000, placing a buy order for $1 would give you about .00004 of a share of Bitcoin, so you could place that order for $1 with no problem.

WeBull Minimums

WeBull minimum deposit to open a cash account $0
WeBull minimum deposit to open a margin account $2,000 in cash and/or securities
WeBull minimum initial deposit to open a ROTH IRA, Traditional IRA, Simple IRA, or SEP IRA $0
WeBull minimum balance requirement for a taxable account or IRA none

WeBull Minimum System Requirements

Webull has three different platforms that all investors can use for free which are mobile, web, and desktop. The Webull mobile app is available on both iPhone and Android. The Webull web platform is available on all major browsers including Chrome and Safari. The Webull desktop platform is available for download on Mac, Windows, and Linux. Webull doesn’t have any minimum system requirements for its downloadable desktop platform.

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Updated on 8/10/2022.

About the Author
Paul Johnson is a Licensed Stockbroker with 7+ years of experience in the financial services industry. Paul enjoys teaching about investing and writing about financial topics. He is a husband and father of twin boys.