TD Ameritrade 300

Webull Cash Sweep Rates. Webull Brokerage Account Interest Rates in 2022


Webull uninvested cash sweep account options (FDIC bank, money market fund) vehicle choice. Webull brokerage\IRA account APY interest rates, insurance, and fees.



Webull Cash Sweep Rate


The broker pays 0.00% on free cash balances. While Webull charges $0 for stock and ETF trades, the broker does make money by earning interest on the cash balances in its customers’ accounts. There are no cash sweep options at Webull at this time.


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Comparison


Majority of brokerage firms offer very low interest on investors' uninvested cash. TD Ameritrade's cash sweep rates, for example, are 0.01%.

Ally Invest offers the highest in the industry rate of 1% APY on its online savings account that could easily be linked to its brokerage account.

M1 Finance offers a checking account that comes with 1.7% APY. However, that checking is part of the broker's M1 Plus program which costs $125 a year.


Webull Margin Rates


Debit Balance Margin Rate
under $25,000 6.99%
$25,000.01 - $100,000 6.49%
$100,000.01 - $250,000 5.99%
$250,000.01 - $500,000 5.49%
$500,000.01 - 1,000,000 4.99%
1,000,000.01 - 3,000,000 4.49%
>3,000,000.00 3.99%


Webull Software


Webull offers a browser platform, which doubles as a desktop platform. Whether the program is opened in a browser or launched from the desktop, it has the same interface and features.

There are some good tools on the platform, including nearly full-screen charting and a simulated trading mode. The trade ticket offers a few advanced order types; but there are some features missing that we would like to see, such as streaming financial news and Level 2 quotes.

The second piece of software Webull offers is a mobile app. This platform too has very good charting with a horizontal mode and several chart styles. There are several tools, such as technical indicators, comparisons, and extended-hours price action.

Watchlists and alerts are integrated in the app, which also provides paper trading. The order ticket delivers multiple time-in-force choices and order types.

As with the trading platform, the mobile app lacks features that we would expect to see on a competitive app nowadays. For example, there is no mobile check deposit, and live video news once again is absent.


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Services Missing at Webull


Besides mutual funds investing, there are some other brokerage services that are available at other firms but not at Webull. For example, E*Trade and Ally Invest both provide managed account service with human and robo advisors. Webull only offers self-directed accounts.

Webull does not offer banking services, which are available at Fidelity and TD Ameritrade.

Webull does not offer trading in over-the-counter stocks, securities that Schwab and Interactive Brokers customers can trade.


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About the Author
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.