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Is Webull Premium Subscription Fee Worth It?
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Is Webull Premium Worth It?
Primary thoughts:
• Webull Premium costs $3.99 per month or $40 per year.
• Whether the benefits of Premium justify the cost is a subjective question and will depend on the circumstances and trading habits of Webull's customers.
• We conclude that Webull Premium is worth it for some traders but not all.
Before deciding whether to subscribe to Webull's Premium service or pass on it, you need to examine the details. Take a look at our research on this topic:
Webull Premium Benefits
Premium customers at Webull receive several benefits that standard customers don't get. They include:
- Lower margin rates
- Increased APY on eligible uninvested cash
- Discounts on futures-contract and index-options fees
- Increased match on eligible IRA contributions
- Free Level II quotes and OPRA data for eligible non-professional traders
A Premium subscription can provide benefits to eligible accounts associated with the subscriber, but eligibility varies by account type and benefit. If one owner of a joint account subscribes, the joint account receives applicable Premium benefits. However, the other owner's individual accounts do not receive benefits unless that person also subscribes.
Not every Premium benefit is available in every account. The enhanced Cash Management APY applies to eligible cash accounts but not to margin accounts or IRAs. Self-directed IRAs can qualify for the Premium IRA match, while managed IRAs do not. Eligible futures accounts can receive Premium's tiered contract fees, although funds in a futures account cannot be used to pay for the subscription.
Cost of Webull Premium
Webull Premium has a monthly charge of $3.99. Customers who sign up for a full year pay $40, which represents an annual savings of $7.88 compared with paying monthly for 12 months.
Free Webull Account
Drilling Down the Numbers
To justify roughly $4 a month, we need to find savings or benefits equal to or greater than that amount. Let's have a look.
Here are the two margin schedules for Premium and non-Premium customers:
| Margin Loan | Premium | Non-Premium |
|---|
| Less than 25K | 5.2% | 8.74% |
| 25K to 100K | 5% | 8.74% |
| 100K to 500K | 4.45% | 8.74% |
| 500K to 1M | 4.4% | 8.74% |
| 1M to 10M | 4.2% | 8.74% |
| 10M to 25M | 4.15% | 8.74% |
| 25M+ | 3.9% | 8.74% |
Using Webull's rates published as of March 31, 2026, a $25,000 margin loan carried for one full year would cost $1,300 with Premium. Without Premium, the cost would be $2,185. That's a savings of $885 from a subscription that costs $40 a year. Larger balances could result in greater savings, although rates vary by balance and can change. However, not all traders use margin, so this value will not be achieved by all Premium customers.
Webull pays interest on eligible uninvested cash. Premium customers get 3.35%,
while non-Premium clients earn 0.5% for balances below $25,000 and 3% for higher balances. For a cash balance of $25,000 carried for one year, the value of Premium will depend on the difference between the current Premium and standard APYs. Premium's enhanced APY applies only to eligible cash accounts; margin accounts and IRAs do not qualify for the enhanced rate.
Webull currently offers a 1% match on eligible IRA contributions for non-Premium customers and a 3.5% match for Premium customers. On a $7,500 contribution, the additional 2.5% match would equal $187.50, which is more than enough to justify the annual cost of Premium. Match eligibility, subscription, and holding-period requirements apply.
Is Webull Premium Worth It: Judgment
Many Webull customers who subscribe to Premium may receive enough benefits to justify the
cost. It is possible to lose money on the deal, though, so be sure to track your benefits and costs. It's
always possible to unsubscribe later if you decide the subscription is not right for you.
Webull Promotion
Updated on 6/17/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
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