How to Close a Webull Account
Key Takeaways:
• A brokerage or advisor account at Webull can be closed without much difficulty.
• There is no fee to close an account, but an outgoing ACAT transfer costs $75.
• Crypto, event-contract, and futures accounts are not closed through a standard ACAT transfer.
If you have a Webull account that you want to shut down, follow the steps below and the process should go smoothly.
Closing a Webull Account
First Method:
If you have a futures, crypto, or securities account that you want to close, one way is to sell everything and withdraw the money.
Start by closing all open positions: sell long holdings and buy back any short positions. That will convert the account into cash. Once the cash is available, move it to your linked checking or savings account so the balance drops to $0.00. After that, use the Webull app or website to submit the closure request.
On the app, go to Menu, then Settings, then Account & Security, and choose the option to delete or close the account. On the web platform, click your profile icon, go to My Account, then Verify, then Manage My Account, and select Delete Account. Follow the prompts to finish the process.
Second Method:
Another way to close your Webull account is through a full ACAT transfer to another brokerage. Once the transfer finishes, your Webull account will close automatically. This method moves eligible assets without selling them, which makes it a better choice if you plan to keep trading somewhere else.
Keep in mind that a partial ACAT transfer will not close your Webull account—you need a full transfer for that.
Also remember that ACAT transfers do not move every position. Fractional shares, Treasury bonds, money market funds, and some near-expiration options contracts are not transferable. Crypto, futures, and event contracts are also outside the normal ACAT process. For those account types, the first method is usually the better route.
Alternatives to Webull
If you’re leaving Webull, you may want to consider
Charles Schwab, a zero-commission broker that provides phone support.
Robinhood is another option with $0 commissions on many investments. It offers website trading and a wide range of products.
Closing a Webull Advisor Account
An advisor account with Webull can also be closed in more than one way. You can liquidate the holdings and withdraw the proceeds, or you can transfer funds or assets out as part of the account-closing process.
Internal Transfers
Instead of moving the account to another firm, you can transfer eligible assets between two Webull accounts. However, this does not automatically close the original account. After the transfer is finished, you still need to submit a separate account-closure request inside Webull.
Like an external transfer, this method avoids selling positions, so it can be useful in some situations. But if your goal is to fully close the old account, do not forget the final closure step afterward.
Don’t Forget the IRS
Some ways of closing or transferring an account can create tax consequences. It is a good idea to speak with a qualified tax advisor before moving forward.
Fee to Close a Webull Account
Webull charges a $75 outgoing ACAT fee if you use that transfer method. ACH withdrawals are free, and Webull does not charge a separate fee just for closing an account.
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Updated on 4/14/2026.
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