"How much does Webull charge?" This is one of the most common and crucial questions for anyone considering or already using the popular trading platform. Understanding the fee structure is paramount to managing your trading costs and maximizing your returns. While Webull is renowned for its commission-free trading on many assets, it's not entirely without charges. Let's dive deep into the various fees you might encounter.
Step 1: Are you curious about how your trading costs stack up?
Before we break down every possible fee, let's establish a foundational understanding. Webull has built its reputation on offering a significant portion of its services with a $0 commission. This is a huge draw for many traders, especially those looking to trade frequently or with smaller capital. However, "commission-free" doesn't always mean "free of all charges." There are still regulatory fees, exchange fees, and other specific charges depending on what and how you trade.
Step 2: Understanding Core Trading Fees
Let's start with the most common types of trades and their associated costs on Webull.
2.1: Stock and ETF Trading Fees
This is where Webull truly shines for many users.
Commission: Webull offers $0 commission on US-listed stocks and ETFs. This means you won't pay a direct fee to Webull for buying or selling these assets. This applies to both full shares and fractional shares.
Regulatory and Exchange Fees: While Webull itself doesn't charge a commission, you'll still be subject to very small, pass-through fees levied by regulatory bodies and exchanges. These are standard across most brokerage firms in the US.
SEC (Securities and Exchange Commission) Transaction Fee: This is a very small fee applied to sell orders of equities. It's currently around $0.0000278 per dollar amount of the trade, with a minimum of $0.01. So, for a $1,000 stock sale, you'd pay approximately $0.0278.
FINRA (Financial Industry Regulatory Authority) Regulatory Fee: Another small fee applied to sell orders. It's about $0.000166 per share, with a minimum of $0.01 and a maximum of $8.30 per trade.
CAT (Consolidated Audit Trail) Regulatory Fee: Webull may charge a CAT regulatory fee, which is approximately $0.000040 per share. This applies to both buy and sell orders.
These fees are negligible for most retail traders and are typically a few cents or less per trade.
2.2: Options Trading Fees
Options trading on Webull also boasts a very competitive fee structure.
Commission: Webull charges $0 commission per contract for opening and closing stock and ETF options.
Index Options: For broad-based index options, there might be a low fee, such as $0.55 per contract.
Regulatory and Exchange Fees (for Options): Similar to stocks, you'll encounter pass-through fees.
Trading Activity Fee (FINRA): Approximately $0.00279 per contract, with a minimum of $0.01.
Options Regulatory Fee (Options Exchanges): Around $0.02675 per contract.
Clearing Fee (Options Clearing Corp. - OCC): Approximately $0.025 per contract.
CAT Regulatory Fee (Webull): Around $0.0046 per contract.
While these add up more than stock regulatory fees, they are still generally very low compared to many other brokers.
2.3: Cryptocurrency Trading Fees
Webull allows you to trade various cryptocurrencies.
Commission: Webull generally advertises $0 commission per crypto purchase or sale.
Spread Markup: Crucially, instead of a direct commission, Webull (or its partner, Zero Hash) often incorporates a spread markup/markdown into the executed price of your cryptocurrency trades. This means you're buying at a slightly higher price than the market rate and selling at a slightly lower price. This "hidden" fee can be anywhere from 50 to 75 basis points (0.50% to 0.75%) of the transaction value, with Webull receiving a portion of this (e.g., 65%). Always be mindful of the spread when trading crypto.
Network Fees: While Webull Pay does not charge fees for coin transfers, network fees (blockchain transaction fees) may apply when transferring crypto in or out of the platform.
2.4: Futures Trading Fees
Futures trading on Webull involves per-contract commissions.
Futures Contracts: Generally, Webull charges $1 per contract for opening and closing standard futures contracts.
Micro Futures: For micro futures, the fee is lower, typically $0.75 per contract.
Options on Futures: These might incur a fee of $1.25 per contract.
Options on Micro Futures: Around $0.75 per contract.
These fees are per side (opening and closing) and can vary based on the specific contract.
Step 3: Non-Trading Related Fees
Beyond commissions on specific assets, there are other fees that can impact your Webull account.
3.1: Margin Interest Rates
If you trade on margin (borrowing money from Webull to amplify your trading power), you'll pay interest on the borrowed amount.
Tiered Rates: Webull's margin interest rates are tiered, meaning the more you borrow, the lower your interest rate might be. Rates can vary significantly and are often tied to benchmark rates like the Federal Funds Rate. As of mid-2025, rates can range from roughly 4.65% for very large balances (e.g., over $25 million) to 8.74% for smaller balances (e.g., under $25,000).
Daily Calculation: Margin interest is typically calculated daily and charged to your account.
Always check Webull's current margin rate schedule as these can change.
3.2: Short Selling Fees (Stock Loan Rates)
When you short sell a stock, you borrow shares and then sell them, hoping to buy them back later at a lower price. You'll incur a fee for borrowing these shares.
Stock Loan Rate: This is essentially an interest rate charged for borrowing the stock. It's calculated daily based on the market value of the borrowed stocks and the specific stock loan rate.
Variable Rates: The stock loan rate is highly variable and depends on the demand and availability of the stock you want to short. Hard-to-borrow (HTB) stocks will have significantly higher loan rates.
Calculation Example: Daily HTB fee = (Daily Market Value of borrowed stocks * stock loan rate) / 360.
While Webull might have promotional periods with $0 cost for borrowing certain stocks, standard short selling involves this borrowing fee.
3.3: Deposit and Withdrawal Fees
Moving money into and out of your Webull account generally has few direct Webull fees, but some methods may incur third-party charges.
ACH Transfers (US Bank Accounts): $0 fee for both deposits and withdrawals. This is the most common and cost-effective method.
Wire Transfers (US Bank Accounts): Webull charges an $8.00 fee per deposit and $25.00 per withdrawal for domestic wire transfers.
Wire Transfers (Non-US Bank Accounts): Fees are higher for international wires, typically around $12.50 per deposit and $45.00 per withdrawal.
Debit Card Withdrawals (US): A fee of 1.75% of the withdrawal amount may apply.
Your own bank may also charge fees for wire transfers.
3.4: Account Maintenance and Inactivity Fees
Inactivity Fees: Webull currently does not charge any inactivity account fees. This is a significant advantage for long-term investors or those who trade infrequently.
Account Minimums: There are generally no account minimums to open a Webull brokerage account or IRA.
3.5: IRA Account Fees
Webull offers Traditional, Roth, and Rollover IRAs.
Account Fees: Webull generally advertises $0 account fees and no account minimums for IRAs.
Trading Fees: Standard stock, ETF, and options trading within an IRA account will follow the same commission-free structure and regulatory fees as regular brokerage accounts.
3.6: Market Data Fees
While Webull provides some real-time market data for free, advanced or Level 2 market data subscriptions may incur a monthly fee. These are typically optional and cater to more active traders who require in-depth market insights.
Step 4: Important Considerations and How to Find the Latest Information
Promotional Periods: Webull often runs promotions, especially for new users or for specific asset classes (like cryptocurrency trading or short selling of certain stocks). Always read the terms and conditions of any promotional offer as these are typically time-limited.
Regional Differences: Webull operates in various countries, and the fee structure can differ slightly based on your region (e.g., Webull US vs. Webull Hong Kong, Singapore, or Canada). This guide primarily focuses on Webull US fees, which are the most common reference. Always check the Webull pricing page for your specific region.
Dynamic Pricing: Fees, especially margin rates and stock loan rates, are subject to change based on market conditions, regulatory updates, and Webull's policies.
Always Review Your Confirmations: After every trade, review your trade confirmation. This document will detail all the fees associated with that specific transaction.
Step 5: How to Check Webull's Official Fee Schedule
The most accurate and up-to-date information will always be directly from Webull.
Open the Webull App or Website: Log into your Webull account.
Navigate to the "Menu" or "Account" Section: Look for an icon that resembles three lines (hamburger menu) or a person icon.
Find "Help Center" or "Pricing": Within the menu, there's typically a "Help Center" or a direct "Pricing" or "Commissions & Fees" link.
Review the Detailed Fee Schedule: Webull provides comprehensive tables outlining all their fees. Pay close attention to the asset class you intend to trade and any associated fine print.
10 Related FAQ Questions
How to calculate Webull stock trading fees?
To calculate Webull stock trading fees, you'll primarily consider the small regulatory fees (SEC, FINRA, CAT) which are usually a few cents per trade on sell orders and sometimes buy orders, as Webull itself charges $0 commission for US-listed stocks.
How to avoid Webull options trading fees?
While Webull offers $0 commission per contract for stock and ETF options, you cannot avoid the small pass-through regulatory and exchange fees (FINRA, Options Exchanges, OCC, CAT) that apply to options trades.
How to reduce Webull margin interest rates?
To reduce Webull margin interest rates, aim for a higher margin balance, as Webull offers tiered rates where larger balances typically qualify for lower interest percentages.
How to check Webull short selling fees for a specific stock?
You can check Webull short selling fees (stock loan rates) for a specific stock by navigating to the stock's information page within the Webull app and looking for details related to shortability and associated costs, which vary daily based on market conditions and stock availability.
How to deposit money into Webull without fees?
To deposit money into Webull without fees, use ACH transfers from a US bank account, as Webull does not charge for these deposits.
How to withdraw money from Webull without fees?
To withdraw money from Webull without fees, utilize ACH transfers to a US bank account, as Webull offers $0 fees for these withdrawals.
How to open a Webull IRA account with no fees?
To open a Webull IRA account with no fees, simply choose the Traditional, Roth, or Rollover IRA option within the Webull app or website, as Webull generally does not charge account opening or maintenance fees for IRAs.
How to get free real-time market data on Webull?
Webull typically provides free real-time Level 1 market data; for Level 2 or more advanced data, you may need to subscribe, which often incurs a monthly fee.
How to avoid inactivity fees on Webull?
You don't need to do anything to avoid inactivity fees on Webull, as Webull currently does not charge any inactivity account fees.
How to understand the spread charged on Webull crypto trades?
To understand the spread charged on Webull crypto trades, recognize that while there's $0 commission, a small markup (typically 0.50% to 0.75%) is built into the buy and sell prices, meaning you buy slightly higher and sell slightly lower than the prevailing market price.