Current Webull brokerage trading account and platform commissions schedule, IRA fees, pricing, cost and per trade fees.

Webull Commissions Schedule

InvestmentsCommissions
Stocks and ETFs $0
Options $0
Foreign Securities not available
Mutual funds not available
Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & Strips not available



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Webull Fees

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.

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.


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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.

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