Webull Financial Fee Schedule

Webull believes that technology empowers traders to be more profitable, thereby enhancing our clients' economic freedom. Technology also enables us to provide transparent and straightforward prices with 0 commission trades and no deposit minimums.
We make money the same way every other broker makes money, but with one less revenue line item: commissions. 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. More information on this can be found in our SEC Rule 606 disclosure.
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Stocks/ETFs
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Futures
Fixed Income
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Other

Fees Charged By Regulatory Agencies & Exchanges

Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. Webull does charge a $0.55 per contract fee for certain index option trades. Fees are also applied by certain regulatory agencies, some of which are passed from the broker dealer to clients as a pass through transaction. Webull does not profit from these fees. 

Types Fees Rule Charged By
Regulatory Transaction Fee $0.0000278*Total $ Trade Amount (Min $0.01) Sells Only Securities and Exchange Commission (SEC)
Regulatory Fee $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per Sells Only Financial Industry Regulatory Authority (FINRA)
CAT Regulatory Fees $0.000052 * Total Trade Volume Buys & Sells Webull. Passthrough fee charged by Webull is then paid to regulator

Regulatory Transaction Fee: The Securities and Exchange Commission (SEC) assesses transaction fees on national securities exchanges and self-regulatory organizations at a rate consistent with Section 31 of the Securities Exchange Act of 1934. National securities exchanges and self-regulatory organizations offset the transaction fees by charging their member broker-dealers such as Webull, and we, in turn, offset this fee by charging you a Regulatory Transaction Fee for covered sell transactions. The fee is ultimately intended to cover the costs incurred by the government, including the SEC, for supervising and regulating the securities markets and securities professionals. The SEC recalculates the amount of this fee periodically – at least annually but sometimes more often. Learn more>

Finra Trading Activity Fee: The Trading Activity Fee will be assessed at a rate consistent with Section 1 of Schedule A of FINRA’s By-Laws for trading activity. Current rates are: $0.000166 per share for each sale of a covered equity security, with a maximum charge of $8.30 per trade; $0.00279 per contract for each sale of an option contract.Learn more>

CAT Regulatory Fees: The CAT Regulatory Fees is a mandatory regulatory fee assessed by the SEC to cover the historical and ongoing costs associated with the development and operation of the CAT system. The fee structure is based on transaction volume and will apply to all trading activities conducted through Webull US. Learn more>

Potential Fees for trading OTC securities

Types Fees
Low-Priced Securities (for transactions in excess of 100,000 shares priced under $1.00/ share) $0.0002 per share (maximum 5% charge of principal value)
F-stocks (foreign settlement)

Buys: $5.00 per trade

Sells: $0.05 per trade

Illiquidity Charge

Additional fees and interest may be charged for trading activity that triggers an NSCC illiquidity charge, as determined by the NSCC.

Minimum Overnight Interest Rate: 15%

Fee: $250

CAT Regulatory Fees Buys & Sells: $0.00000072 * Total Trade Volume

Stock Transfer Fees

Transfer direction Fees Charged By
Transfer to Webull

$0.00

Please contact the contra Broker for details.

Apex (Clearing Firm)

Contra Broker

Transfer from Webull

$75 per Outgoing Stock Transfer

Please contact the contra Broker for details.

Apex (Clearing Firm)

Contra Broker

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.webullbrokers.net/fcm-disclosures.aspx 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 Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktop or website products. A $0.55 per contract fee applies for certain index options and a $0.10 per contract fee applies for oversized option orders. 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.

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