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Webull Fees and Commissions Schedule (2024)
Webull fees, commissions, broker stock trading, and IRA account costs. Webull hidden fees for investing.
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Webull Pricing and Minimum Deposit
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Options | $0 |
| Mutual funds | not offered |
| Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & Strips | not offered |
| Investments | stocks, options, ETFs |
| Minimum deposit to open account | $0 for cash account, $2,000 for margin account |
| Promotion |
Webull promotions
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Webull Pricing
Perhaps you’ve heard of a dynamic brokerage firm called Webull that targets U.S. online investing market and want to find out about
the broker’s commissions and fees before signing up for an account. This article will cover all of the costs and hidden fees that Webull
investors most commonly run into.
Webull Commissions
Starting with the best part of this article - let’s talk about commissions. You will be glad to
hear that Webull doesn’t charge any commissions. Buying and selling stocks, options, and ETFs is
100% commission-free, no matter how many shares you buy or how small your account is.
Webull Account Minimums and Maintenance Fees
Another nice part about Webull for those cost-sensitive investors is that they don’t charge any account maintenance fees or have any minimum balance requirements that you need to maintain. However, margin accounts do have a $2,000 minimum balance requirement, which is standard across the industry.
Webull Promotion
Up to 75 FREE fractional shares when you make a deposit at Webull.
Visit Webull Website
Webull Fees
| Service | Fee |
|---|
| Bank Transfer (ACH) Incoming | $0 |
| Bank Transfer (ACH) Outgoing | $0 |
| Domestic Wire Transfer Out | $25 per Withdrawal |
| International Wire Transfer Out | $45 per Withdrawal |
| Domestic Wire Transfer In Transfer | $8 per Deposit |
| International Wire In Transfer | $12.5 per Deposit |
| ACAT Incoming | $0 |
| ACAT Outgoing | $75 |
| Paper Confirm Fee | $2/Confirm |
| Paper Statements Fee | $5/Statement |
| Paper Prospectus Fee | $2.5/Mail |
| Low-Priced Securities (for transactions in excess of 100,000 shares priced under $1.00/ share) | $0.0002 per share (maximum 5% charge of principal value) |
| The U.S. Securities and Exchange Commission (SEC) for Stocks/Options | $0.0000229*Total $ Trade Amount (Min $0.01) |
| Financial Industry Regulatory Authority (FINRA) for Stocks | $0.000145 * Total Trade Volume Min $0.01 per - Max $6.49 per |
| Options Exchanges for Options | $0.02905 * No. of Contracts |
| Financial Industry Regulatory Authority (FINRA) for Options | $0.00244 * No. of Contracts (Min $0.01) |
| Options Clearing Corp (OCC) | $0.02 * No. of Contracts
(Max $55 per Trade) |
Margin Rates and Requirements
If you day trade or want to use leverage when investing in your Webull portfolio you will want to
apply for a margin-enabled account. Applying for this feature is quite easy, and it allows you to
borrow funds from Webull to buy more securities with. Of course, Webull charges you an interest rate
on any funds that you borrow. This rate ranges from 9.24% for
small margin balances down to a discounted 5.24% for much larger borrowed balances.
Regulatory Fees
Although Webull doesn’t charge you any trading fees, they do pass on some transaction-based regulatory fees from the SEC and FINRA to their investors. These fees are fairly small, generally amounting to just pennies per trade. It is also fairly standard for all brokers to pass these on to their clients, so these fees really aren’t avoidable.
Wire Transfer and ACH Fees
This is one section where Webull has more fees than most brokers. When you are looking to move money around to or from your Webull account, the common electronic (or ACH) transfers are always free but they do come with a daily deposit limit of $50,000 per account.
Most brokers, Webull included, will charge you a fee for outgoing wire transfers, (currently $25 for domestic and $45 for international). While the bank initiating an outgoing wire transfer almost always charges you a wire fee, usually brokers don’t charge you a fee on their end for receiving this wire. This is not the case with Webull, who will charge you $8 and $12.50 for receiving domestic and international wires respectively for less than $25,000. Webull only waives this fee for your first incepting wire transfer upon account opening.
Account and Securities Transfers
Also typical of most brokers, Webull will charge you a $75 fee for full or partial account transfers if you are looking to move your Webull portfolio to a different broker. If you are moving a portfolio you have with a different broker over to Webull, Webull will not charge you a fee (they want your business after all…) but your other broker probably will. Some brokers will reimburse this fee charged by your previous broker to attract your business, but Webull will not.
Data Charges
Real-time U.S. market data is included for free with your Webull account, but this is not the case for other markets. If you want to invest in foreign markets, Webull offers monthly subscriptions to receive real-time quotes from some foreign markets.
Webull Hidden Fees Summary
Webull doesn’t have many hidden fees. It’s great that they don’t charge commissions, but we were less impressed with the fees in other areas, specifically for incoming wire transfers. These are generally free of charge at most brokers.
Broker Review
Read detailed review of Webull »
Webull Promotion
Up to 75 FREE fractional shares when you make a deposit at Webull.
Visit Webull Website
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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