How to Close a Webull Account
Key Takeaways:
• Closing a brokerage or robo account at Webull is simple.
• There’s no fee to close an account, but a securities transfer costs $75.
• Crypto, futures, and event-contract accounts can’t be closed by transfer.
If you want to close your Webull account, follow the steps below to complete the process quickly.
Closing a Webull Account
First Method:
If you have a futures, crypto, or securities account, the first option is to sell all holdings and withdraw your cash.
Start by closing all active positions—sell your long trades and cover any short ones. This will convert your balance into cash. Once the funds are available, transfer them to your linked checking or savings account to bring the balance to $0.00. After that, open the Webull mobile app to close the account.
On the app’s bottom menu, tap the bull’s horns icon to open the account menu. Then, tap the settings icon in the top-right corner to view all active accounts. At the bottom of each account, there will be an option to close it. Tap this link and follow the instructions to complete the closure.
Second Method:
You can also close your Webull account by transferring it to another brokerage through the ACAT system. Once the transfer is done, your Webull account will automatically close. This method moves your assets without selling them, making it a good choice if you want to continue trading elsewhere.
Keep in mind that a partial ACAT transfer won’t close your account—you must request a full transfer.
ACAT transfers can only move cash and securities. Crypto, futures, and event contracts can’t be transferred and must be closed using the first method.
Alternatives to Webull
If you plan to move your assets, consider these options:
Charles Schwab offers commission-free trading and live phone support.
Robinhood also has $0 commissions and supports trading on both its website and mobile app.
Closing a Webull Advisor Account
A robo account with Webull Advisors, which is a securities-based account, can be closed using either of the two methods explained above.
Internal Transfers
You can also move assets between two Webull accounts. However, this does not close the original account automatically. You’ll need to contact Webull to request the closure.
Like external transfers, this option doesn’t sell any assets, so it’s not ideal if you want to completely close your account.
Don’t Forget the IRS
Selling or transferring assets could result in tax implications. It’s best to consult a tax professional before taking any action.
Fee to Close a Webull Account
Webull charges $75 for outgoing ACAT transfers. ACH withdrawals are free, and there’s no fee to close an account.
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Updated on 9/24/2025.
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