What Account Types and Fees Does Webull Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Individual Account |
Retail traders |
Choice of cash or margin accounts |
Standard account for personal use |
| IRA Account |
Retirement investors |
Includes Roth, Traditional, and Rollover IRAs |
Must meet age and residency requirements |
| Futures Account |
Traders focused on futures |
Specialized for futures contracts |
Requires knowledge of futures trading |
| Advisor Account |
Investors seeking managed portfolios |
Offers diversified ETF portfolios |
Minimum deposit of $100 required |
| Entity Account |
Businesses and organizations |
For managing investments and trading |
Corporate documentation required |
| Joint Account |
Pairs of investors |
Cash or margin options available |
Shared management of investments |
Account Opening Process
To open an account with Webull, users must follow a structured process that includes submitting personal, employment, and financial information. This involves filling out forms that require details such as your name, address, social security number, and employment status. Identity verification is also mandatory, which requires uploading documents like an ID and proof of address. After completing these steps, you may have the flexibility to upgrade to a professional account if needed in the future, based on your trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Consistent performance |
| CFDs (Stocks) |
0.1% |
$0 |
No commission on trades |
| CFDs (Indices) |
0.5% |
$0 |
Competitive rates on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Webull has various additional fees that traders should be aware of. Deposit and withdrawal fees may apply, with wire transfer fees set at $25 for domestic and $45 for international transactions. There is also a $30 fee for returned outgoing wires. Webull charges inactivity fees after a certain period of account inactivity, and platform usage fees are not applicable. Additionally, overnight interest (swap rates) may apply to leveraged positions. Currency conversion fees may also be incurred for trades involving different currencies.
