Accounts & headline costs
Sections ↑Webull’s US platform now spans self-directed securities, futures, automated advice, crypto, event contracts and several ownership structures. The shared interface can make the catalogue look like one account, but the company pages identify separate securities, futures and advisory entities and distinct funding or margin rules. This profile follows those boundaries rather than treating every tab as the same broker relationship.[1][3][2]
The headline securities commission is zero for US-listed stocks, ETFs and options, with a USD 0.50 fee for specified index options. That does not make trading costless: regulatory fees, margin interest, stock-transfer charges, algo-order fees and product-specific costs still apply.[2]
Broker essentials
| Measure | Value | Context |
|---|---|---|
| Securities broker | Webull Financial LLC | US broker-dealer; FINRA CRD 289063.Source 1Source 11 |
| Futures company | Webull Futures LLC | Separate CFTC/NFA futures relationship; futures are outside SIPC.Source 2Source 3 |
| Advisory company | Webull Advisors LLC | SEC-registered adviser for Smart Advisor accounts.Source 2Source 3 |
| Platforms | Desktop, web, mobile and iPad | Paper trading and extended-hours functionality are among the published tools.Source 1 |
| General securities deposit minimum | None stated | Margin borrowing still requires the applicable equity threshold.Source 2Source 3 |
Principal account structures
| Account | Published capability | Key boundary |
|---|---|---|
| Individual cash | Cash-funded stocks, ETFs and options up to Level 2 | No margin borrowing; settlement and good-faith rules apply.Source 3Source 4 |
| Individual margin | Up to Level 4 options and published 4x day / 2x overnight leverage after threshold | USD 2,000 minimum margin equity and approval required.Source 3Source 4 |
| IRA | Traditional, Roth and Rollover; managed variants available | Tax and product permissions differ from taxable accounts.Source 3 |
| Futures | Dedicated account for listed futures | Separate funding, exchange margin and protection.Source 3 |
| Joint / custodial / entity | Special ownership accounts | Documentation and eligibility differ; joint holders share control.Source 3Source 10 |
| Advisor / crypto / event | Separate managed, digital-asset and event-contract routes | Not the same legal or risk relationship as the securities account.Source 3Source 2 |
Products & platforms
Sections ↑Platform and session routes
| Route | Published use | Boundary |
|---|---|---|
| Webull Desktop | Charts, screeners, multi-window trading and options tools | Local desktop environment for the self-directed account.Source 1 |
| Webtrade | Browser-based account and trading interface | Feature coverage should be compared with desktop for complex workflows.Source 1 |
| Mobile / iPad | Account, order and market-data access | Mobile review can be less suitable for complex multi-leg orders.Source 1 |
| Paper trading | Simulated stock/options environment | Simulation is not evidence of live execution or margin behaviour.Source 1 |
| Extended and overnight sessions | Published access for eligible securities | Liquidity, order type and symbol availability differ by session.Source 1 |
Fees & holding costs
Sections ↑Selected published securities charges
| Event | Charge | Context |
|---|---|---|
| US-listed stocks and ETFs | USD 0 commission | Regulatory and market charges can still apply.Source 2 |
| US-listed options | USD 0 commission | Certain index options cost USD 0.50 per contract; oversized orders can have another fee.Source 2 |
| Outgoing ACAT | USD 75 | Charged by the clearing relationship for an outbound stock transfer.Source 2 |
| Equity algo orders | USD 0.005 per share | A specialist order-type charge, not the standard manual stock commission.Source 2 |
| Low-priced large orders | USD 0.0002 per share, capped at 5% principal | Applies to the stated >100,000-share / under-USD 1 condition.Source 2 |
Published annual margin rates, 31 March 2026
| Debit balance | Standard | Premium |
|---|---|---|
| USD 0–24,999 | 8.74% | 5.20%Source 5Source 6 |
| USD 25,000–99,999 | 8.74% | 5.00%Source 5Source 6 |
| USD 100,000–499,999 | 8.74% | 4.45%Source 5Source 6 |
| USD 500,000–999,999 | 8.74% | 4.40%Source 5Source 6 |
| USD 1,000,000–9,999,999 | 8.74% | 4.20%Source 5Source 6 |
| USD 10,000,000–24,999,999 | 8.74% | 4.15%Source 13 |
| USD 25,000,000+ | 8.74% | 3.90%Source 5Source 6 |
The current US fee page shows a zero FINRA TAF assessment during the October–December 2026 pause and an SEC covered-sale rate of US$20.60 per US$1 million. These pass-through charges differ from Webull’s own algo-order charge or an outbound ACAT charge.[14][15]
Deposits, withdrawals & transfers
Sections ↑ACH and wire operations
| Operation | Published term | Operational consequence |
|---|---|---|
| ACH deposit / withdrawal | No Webull fee | ACH reversal can cost USD 5; bank eligibility and holds apply.Source 7 |
| ACH daily transfer figure | USD 50,000 stated on cited ACH page | Other pages can show different withdrawal limits; confirm inside the account.Source 7 |
| Domestic wire withdrawal | USD 25 | Third-party wires are not supported.Source 8 |
| International wire withdrawal | USD 45 | Intermediary or recipient-bank costs can be additional.Source 8 |
| Returned wire | USD 30 | A failed beneficiary or bank instruction can trigger the charge.Source 8 |
Why cash can be visible but not withdrawable
| Source of funds | Typical published hold / settlement | What it affects |
|---|---|---|
| ACH deposit | Four business-day withdrawal hold | Buying power can be available before cash is withdrawable.Source 9Source 7 |
| Wire deposit | One business-day hold | Bank processing time remains separate.Source 9 |
| Debit-card deposit | Two business-day hold | Payment reversal and card terms can apply.Source 9 |
| Securities sale | T+1 settlement | Proceeds can be reusable under account rules before external withdrawal.Source 9 |
Protection & regulation
Sections ↑Product company map
| Company | Published role | Protection point |
|---|---|---|
| Webull Financial LLC | Self-directed US securities broker | FINRA/SIPC relationship; SIPC does not cover market losses.Source 2Source 11 |
| Webull Futures LLC | Futures commission merchant | Futures accounts are not protected by SIPC.Source 2Source 3 |
| Webull Advisors LLC | Registered investment adviser | Managed portfolio service; registration is not a skill endorsement.Source 2Source 3 |
| Apex clearing relationships | Clearing and excess-SIPC arrangements disclosed | Coverage depends on the account’s clearing setup and aggregate policy limits.Source 2 |
- Headquarters
- St. Petersburg, Florida, United States; additional office in New York
- Founded
- US brokerage launched in 2018
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Webull Financial LLC
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority289063 | Registered | Checked 9 Oct 2026FINRA CRD for the securities broker-dealer. It does not cover Webull Futures or Webull Advisors.Source 11Source 2 |
Webull Futures LLC
No separate licence entry is recorded in this panel.
Webull Advisors LLC
No separate licence entry is recorded in this panel.
Opening an account & support
Sections ↑Account-opening facts that alter access
| Route | Published condition | Why it matters |
|---|---|---|
| Margin borrowing | USD 2,000 minimum equity | Below the threshold, the margin account cannot use the advertised leverage.Source 3 |
| Entity account | USD 100,000 opening and USD 50,000 ongoing figure on cited page | A specialist high-threshold route, not the normal individual account.Source 10 |
| Options | Approval level determines strategies | An account label does not guarantee Level 4 permission.Source 3 |
| Joint account | Two holders; JTWROS or JTIC | Bank links, tax reporting and approvals follow joint-account rules.Source 3 |
Webull lists [email protected] and +1 (888) 828-0618 on its official US help pages. The same help centre separates bank transfers, account transfers, documents/taxes and product permissions; that organisation matters because a cash-withdrawal hold and an ACAT problem require different account details.[12]
Additional services
Sections ↑One Webull Premium subscription applies across eligible accounts under the subscriber’s login. It supports individual/joint cash and margin accounts, IRAs, futures and custodial accounts, but excludes advisory, managed IRA and entity accounts. The extra cash APY applies only to individual and joint cash accounts, not IRAs or margin accounts. A joint holder’s subscription does not automatically upgrade the other holder’s separate individual account. Level 2 and OPRA benefits require the non-professional-data questionnaire.[12]
Additional Information
Sections ↑Webull’s catalogue is clearest when the account comes first. A zero-commission stock order in Webull Financial, a leveraged futures position in Webull Futures and a managed ETF portfolio in Webull Advisors are different legal and economic relationships—even when they appear beside each other in one application.
Sources & further reading
- What is Webull Financial LLC? Webull · Accessed 9 Oct 2026
- Webull fee schedule Webull · Accessed 9 Oct 2026
- Webull account types Webull · Accessed 9 Oct 2026
- Cash and margin account differences Webull · Accessed 9 Oct 2026
- Margin rates explained: 2026 schedule Webull · 31 Mar 2026 · Accessed 9 Oct 2026
- About Webull Premium Webull · Accessed 9 Oct 2026
- ACH transfer conditions Webull · Accessed 9 Oct 2026
- Wire withdrawal conditions Webull · Accessed 9 Oct 2026
- Available-to-withdraw and funding holds Webull · Accessed 9 Oct 2026
- Entity accounts Webull · Accessed 9 Oct 2026
- FINRA BrokerCheck: Webull Financial LLC, CRD 289063 FINRA BrokerCheck · Accessed 9 Oct 2026
- Webull Premium account eligibility, APY scope and data activation Webull · Accessed 15 Oct 2026
- Webull dated March 2026 margin ladder Webull · Accessed 15 Oct 2026
- Webull current US fee schedule Webull · Accessed 15 Oct 2026
- FINRA TAF temporary suspension, October–December 2026 U.S. Securities and Exchange Commission · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.