Instructions to transfer WeBull account, stocks, ETFs, assets, money to Firstrade brokerage in 2019.

How to Transfer a WeBull Account to Firstrade

If you’re a Webull customer and would like to trade mutual funds, you know you can’t do that. But Firstrade offers mutual fund trading, and still manages to remain a no-commission brokerage firm. If you want to make the switch, keep reading.

First Step

Consider the fee you might pay for moving to Firstrade from Webull. Webull charges a steep $75 fee for ACAT transfers. Right now, Firstrade has a special to refund any transfer charges, up to a maximum of $200, for transferring an account from another firm. The company’s ad says the special offer expires at the end of the year.

Second Step

Open a securities account at Firstrade. There’s nothing you need to do at Webull. So click on the Firstrade's promotion offer: $0 commissions + up to $200 in transfer fee rebates. On the homepage, you should see an orange button that says ‘Open an Account.’ Click on this to get started.

The names on your Webull and Firstrade accounts must match; and the account types must be the same as well. So make sure you fill out your Firstrade application correctly.

Firstrade Promotion

$0 commissions + up to $200 in transfer fee rebates.

Open Firstrade Account

Third Step

Submit an account transfer application inside your Firstrade account. The broker’s ACAT transfer form can be found by clicking on the tab that says ‘My Accounts.’ In the sub-menu that appears, click on ‘Deposit/Transfer.’ You’ll be presented with multiple asset management features. Click on ‘Account Transfer’ and you’ll get more details.


FirstTrade ACAT Transfer


At this point, you can select a full or partial transfer. The full option will close your Webull account and move all assets to Firstrade. If you choose a partial transfer, you can move select securities to Firstrade while leaving other investments in your Webull account. Obviously, this option doesn’t close your old account.


FirstTrade ACAT Transfer


A partial transfer will require more paperwork. In either case, you’ll need your Webull account number when filling out the necessary form, which is presented on Firstrade’s website.

Other Available Routes

Instead of moving to Firstrade, you could instead send your account to M1 Finance. The brokerage house offers commission-free trading in stocks and ETF’s. Unlike Webull, M1 offers web-based trading and account management. However, M1 does not currently have a transfer fee rebate offer. It has in the past; so keep your eyes open for it.

It’s also possible to liquidate all securities in your Webull account and move the proceeds out as cash via ACH free of charge.

Firstrade Promotion

$0 commissions + up to $200 in transfer fee rebates.

Open Firstrade Account


Firstrade


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