Can I transfer a Robinhood account, IRA, stocks, ETFs, assets, money to WeBull brokerage in 2020.

How to Transfer a Robinhood Account to WeBull

If Robinhood hasn’t provided the trading experience you’re looking for, you might want to try another zero-cost firm: Webull. Making the change is easier than you think. Just follow this step-by-step guide:

Step 1

Take into account the potential cost of the switch. Robinhood customers must pay $75 to move an account to another brokerage firm. This fee will be deducted from the account before it moves to Webull. Unlike many other brokers, Webull has a promotion to refund this fee if you transfer account valued at least $2,000. Webull also offers one free share of stock for just opening an account and another share for deposits greater than $100.

WeBull Promotion

Grab your last chance to get a free stock up to $1,600 + acat refund.

Open WeBull Account

Step 2

When your Robinhood account is ready to go, it’s time to open a Webull account. There is no need to contact Robinhood.

To get a free stock and ACAT reimbursement, click on WeBull's promotion offer on your phone: Grab your last chance to get a free stock up to $1,600 + acat refund.

After you have the app installed, tap on ‘Trade’ and select the account type you want. Any account you transfer to Webull must be of the same type you hold at Webull. So make sure this is the same account type as your Robinhood account.

Step 3

Inside the Webull app, request an ACAT transfer. Tap on ‘Deposit’ at the bottom row of icons. Then tap on the ‘Transfer’ button in the middle of the screen. Here, tap on the blue button that says ‘Transfer Stocks to Webull.’


Transfer Robin Hood Account to WeBull


On the next screen, you’ll be presented with a row of icons for the major brokerage firms in the U.S. space. Robinhood is one of them. Tap on the green icon. A pop-up warning will be displayed that mentions that transfers below $500 aren’t supported.

On the next screen, the account type and name will be automatically populated because they must match the Webull account. You can do either a full or partial transfer. For partial transfers, only long positions can be moved. Full transfers are easier because you can just specify everything in the account. Also, you’ll need to input your Robinhood account number. Webull states that the whole process, once submitted through its app, should take no more than a week and a half.

WeBull Promotion

Grab your last chance to get a free stock up to $1,600 + acat refund.

Open WeBull Account


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