Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).
Webull Financial, LLC is a CFTC registered Futures Commission Merchant and NFA Member. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement and other relevant Futures Disclosures located at www.webull.com/fcm-disclosures prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).
Advisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. See additional information on the Disclosures webpage. Trades in your Webull Advisors account are executed by Webull Financial LLC.
Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 in any cash awaiting reinvestment). An explanatory brochure is available upon request or at www.sipc.org. Webull Financial LLC’s clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.
All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Diversification does not eliminate the risk of experiencing investment losses. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges are subject to Webull Financial, LLC review and approval. Leverage carries a high level of risk and is not suitable for all investors. Greater leverage creates greater losses in the event of adverse market movements.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Market volatility, volume and system availability may delay account access and trade executions.
Free trading of stocks, ETFs, and options refers to $0 commissions for WebullFinancial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktopor website products. A $0.55 per contract fee applies for certain options trades.Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.
No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
FAQs
Webull Advisors charges an annualized advisory fee of 0.20% on all assets under management, billed monthly. The advisory fee is non-negotiable. At the Advisor's discretion the fee may be reduced by discounts or other promotions.
Does Webull charge a $75 transfer fee? ›
If you choose a full ACAT your account at the sending broker dealer will automatically be closed, which is standard procedure. These transfers can take between 3-7 business days and a fee from the sending broker assessed, typically $75-$100 dollars. Webull does not charge for any incoming transfers.
What is the downside to Webull? ›
Cons Explained
Webull does not offer financial advisors, recommended portfolios for rebalancing, or control of tax lots on sales. No access to fixed income or mutual funds: There are no fixed income investments, mutual funds, or international equities at Webull.
Does Webull have a monthly fee? ›
Both Webull and Robinhood market themselves as commission-free and fee-free brokers. They largely live up to that promise. You won't pay a commission for buying stocks, ETFs, options trading, or cryptocurrencies with either brokerage firm. Neither charges account maintenance fees.
Is Webull more expensive than Robinhood? ›
Here the fee structures differ. Webull offers margin trading at interest rates of 9.74% for balances under $25,000 and 5.74% for balances over $3 million. Robinhood offers margin trading to subscribers who pay a $5 monthly fee for Robinhood Gold, and offers rates starting at 8%.
Is Robinhood or Webull better? ›
Webull and Robinhood have many similarities, but there's one major difference: Webull offers more sophisticated trading features geared toward intermediate and advanced traders, while Robinhood provides a bare-bones trading platform for new investors looking for a streamlined experience.
How does Webull make money with no fees? ›
In order to keep the lights on, we optimize the back-end revenue streams that every other broker (traditional or non) utilize to generate revenue. Simply put, these are stock loans, interest on free credit balances, margin interest and payment for order flow.
Does Webull charge for short selling? ›
Margin and short selling fees are calculated on a daily basis and deducted from the cash balance of the Webull account on a regular basis. Financing fees are deducted monthly, and short selling fees are deducted daily.
Is Webull better than Fidelity? ›
Our experts rated the trading platform of Fidelity as being of the same quality as the platform of Webull, found that clients have access to more markets and products with Fidelity, while Webull provides somewhat better research and education.
Is Webull good for day trading? ›
Webull is our top selection for the best low-cost day trading platform because it provides impressive platform features while levying no direct costs on its users.
You can buy fractions of stocks and ETFs at a $5 minimum on Webull. Understand how Order Types can enhance your experience. Webull now provides 11 stock order types as following: Simple orders: Limit order, Market order, Stop order, Stop-Limit order, and Trailing Stop order.
Why is Webull being sued? ›
According to the Financial Industry Regulatory Authority's (FINRA) latest News Release1, Webull did not incorporate appropriate due diligence checks to meet their options trading approval obligations for customer accounts, amongst other infractions, and were required to shore up $3 million dollars in fines as a result.
Is Webull China owned? ›
Webull is owned by Hunan Fumi Information Technology, a Chinese holding company that has received backing from Xiaomi, Shunwei Capital, and other private equity investors in China. Webull's holding company is incorporated in the Cayman Islands and headquartered in St. Petersburg, Florida.
Do I actually own my shares on Webull? ›
After you buy stock, you own actual shares. If you short stock, you are borrowing shares.
What is the $5 handling fee on Webull? ›
Why was I charged $5 reversal fee? If your deposit or withdrawal was returned during the settlement period, (This is usually caused by the deposit/withdrawal request being accepted, but the cash not settling), the clearing firm will charge you $5. This is called a "Funds Reversal".
How much does Webull take when you sell? ›
Webull Stock Fees
The minimum that you'd have to pay is $0.01, but there's also a formula that will determine exactly how much you should pay: Transaction Fee (SEC) = Total Traded Dollar Amount x $0.0000051. This means that for every $50,000 stock that you sell, SEC will charge a transaction fee of $0.255.
Does it cost money to sell stocks on Webull? ›
You can sell stocks in a few simple steps, but there are some things to watch out for. Webull is a zero-commission broker, so this will not cost you anything. Explore the best brokers for beginners for the most user-friendly trading experiences.
Is Webull good for beginners? ›
Is Webull good for beginners? Beginning stock, ETF, and crypto traders will find Webull's simplicity allows them to focus on their trades instead of operating the platform. Webull also has low costs (other than crypto) and offers both fractional shares and simulated trading.
