You must provide your full name and Webull account number in the description/comment of your wire transfer, or the transfer will be returned. Have a legal residential address in the US and outlying US territories. There are currently no immediate plans for Webull Canada, but the company has hinted at expanding to Canada at some point. What about TradeStation vs Webull pricing? Webull does not have a minimum amount to start an account. The Options Regulatory Fee is a fee assessed by exchanges on their members. What margin rates does Webull offer? Reply. To open an account with Webull, you must have proof of American ID and a US mailing address. Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. 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. Relevant regulatory and exchange fees may apply. Domestic Wire. If you find one, you can easily close your Webull account and sign up with a different app that suits you better. Webull has a $500 tranfser minimum for transfers into the Webull app. Webull Minimum & Fees. Charges for depositing through U.S. domestic wire transfer is 8 dollars per transfer. How to Transfer a Robinhood Account to WeBull in 2021. Both accept deposits and withdrawals primarily by bank transfer and charge nothing for this. Transfer your (non-Webull) Brokerage account to Webull and we will reimburse your transfer fees, up to $100. * Webull reserves the right to change or modify the fee schedule at own discretion.Updated on: Sep 27, 2020. Everything seems to be going through now. Truly Commission Free - Zero Commission for Stocks, ETFs, and Options - Zero Contract Fees for Options - Zero Deposit Minimum for Brokerage and IRAs Options Trading The design of additional features certainly accommodates user… Please see the Commissions and Fees page to learn more. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Margin trading is available on both platforms as well. Webull is an online trading platform that allows you to trade and invest commission-free. If you want to upgrade to a subscription to access their different levels, this will cost between 1.99-4.99 per month, depending on the package you choose. Both accept deposits and withdrawals primarily by bank transfer and charge nothing for this. If the funds are coming from or going to a non-U.S. bank account, the fees are higher. Consider the fee you might pay for moving to Firstrade from Webull. Once you have transferred your non-Webull brokerage account to us, you will be required to submit proofs for the reimbursement. WeBull is a stock account where you can buy and sell stocks. You can only deposit money from accounts that have been linked to your brokerage account. To open an account, you’ll need to meet the following qualifications: Be 18 years or older. Options trading privileges subject to Webull Financial LLC review and approval. How to Open a Webull Account. Domestic outgoing wires are $25 each, while an international wire costs $45. You can also have Webull transfer your stocks to another brokerage for a fee. Webull charges an $8 fee to deposit money via wire transfer and a $25 fee for wire withdrawals. We make money the same way every other broker makes money, but with one less revenue line item: commissions. Simply put, these are stock loans, interest on free credit balances, margin interest and payment for order flow. For a short position, you need to borrow shares of a company before you sell them. Please refer to our Fee Schedule for more details. A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. The Transaction Fee is charged by the U.S. Securities and Exchange Commission (SEC), an independent agency of the United States federal government. WeBull will pass on to you the small regulatory fees that are charged on proceeds of sales, but these are usually pennies per trade and are passed onto investors by all brokers. Webull's per contract rate of $0 is less than TradeStation which charges $0.50. 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. Similarly to deposits, wire transfers carry a charge: $25 for domestic and $45 for international wire withdrawals. Cryptocurrency trading is offered through an account with Apex Crypto. Originally, i had about $17.5k on my Robinhood before the transfer. Webull will also reimburse you up to $100 in transfer fees if you move at least $2,000 worth of assets over to them. The stock loan rate changes on a daily basis based on market condition. Robinhood customers must pay $75 to move an account to another brokerage firm. An ACH transfer is free of charge, but if an ACH transaction is returned due to insufficient funds, a non-transactional account, levies, or for any other reason you will be charged a $30 reversal fee by our clearing firm. Fees of transfer in: Free. Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE) and NASDAQ. 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