Is Webull a regulated broker?

Webull is the trading name of WEBULL FINANCIAL LLC, whose registration read active on FINRA BrokerCheck when we checked it on 28 August 2026 (CRD 289063, SEC 8-69978). It is a SIPC member, which protects the custody of assets up to $500,000, including $250,000 for cash if the firm fails. That covers the firm failing, not an investment losing value.

How much does Webull charge to trade stocks?

Webull publishes $0 (uS-listed securities) on stock and ETF trades, read from its own schedule on 28 August 2026. Regulatory pass-through fees are charged on top of the headline at every US broker, including this one.

What are Webull's options fees?

Webull publishes a base commission of $0 and $0 per contract. Standard contracts. $0.50 on certain index options, $0.10 on oversized option orders. Read from its own schedule on 28 August 2026.

Does Webull charge a fee to transfer an account out?

Webull publishes $75 to move an account out (per outgoing stock transfer; incoming $0.00), read on 28 August 2026. Transfers in are free at every broker we track, so this charge applies in one direction only.

What is Webull's margin rate?

Webull publishes 8.74%, read on 31 August 2026. Margin is tiered at almost every broker and the cheapest rate belongs to the largest balances, so a retail-sized loan normally sits in the most expensive band rather than the advertised one.

Is there a minimum to open an account with Webull?

No. Webull publishes no minimum deposit to open an account, read on 28 August 2026.

Does Webull offer retirement accounts?

Yes. Webull publishes 3 retirement account types, but no joint account, which rules it out for anyone investing with a partner.

Broker review

Webull review

Item: Webull
Rating: 7

Zero commissions on stocks, ETFs and standard options, with a $75 charge to leave.

Written by: Juan Manuel Gonzalez
Published: August 28, 2026
Data verified: August 28, 2026

In summary

Webull Financial LLC is an active SEC-registered broker-dealer and SIPC member. It publishes zero commissions on US-listed securities and standard options contracts, with a $0.50 per contract fee on certain index options and $0.10 on oversized option orders. Transfers in are free; transferring your account out costs $75.

Editorial score, based on our methodology

How this is calculated

Safety2.1
Cost2.7
Selection1.3
Accounts0.9
Headroom3.0

How the total is built · Segment width = sub-score × weight. Widths sum to the total.

Legal entity and regulation

Read from FINRA BrokerCheck on August 28, 2026. Check it yourself — the reference number below is all you need.

Legal name: WEBULL FINANCIAL LLC
CRD: 289063
SEC: 8-69978
Registration status: ACTIVE
Regulators: SEC, FINRA
Investor protection: SIPC member — up to $500,000, including $250,000 for cash

Published fees

11 of 14 fields verified

Read from Webull’s own published schedule. Fields we could not find on the pages we read are marked not verified — we do not fill them with estimates, and a blank would read as zero.

Webull published fee schedule
US stocks and ETFs	$0US-listed securities
Options base commission	$0
Options per contract	$0Standard contracts. $0.50 on certain index options, $0.10 on oversized option orders
Account minimum	$0No deposit minimum stated in the fee schedule
Mutual funds	Not offered
Bonds	0.1% of principal valueUS Treasuries. Corporate bonds the same rate with a $10 per trade minimum. Charged as an execution markup rather than a commission
Futures	$1.00 per contractStandard pricing on CME regular outright futures; micros $0.25. Premium subscribers pay less, and volume tiers reduce it further
Crypto	1.00% spread per tradeCharged by Webull Pay or Bakkt depending on the state, not by the broker-dealer, so SIPC does not cover it
Account service fee	None published
Inactivity fee	None published
Outgoing transfer fee	$75Per outgoing stock transfer; incoming $0.00
Broker-assisted trade	Not verified
Margin rate	8.74%Standard rate at every loan size. Premium subscribers pay 5.20% falling to 4.45% and below as the loan grows, so the headline rate depends on holding a subscription
Currency conversion	Not verified

Where these costs sit

Against every other broker we publish that has a verified figure for the same field. Brokers whose figure we could not verify are left out rather than plotted at zero.

$0cheapest$1most expensive

Options, per contract · 12 brokers with a verified figure

$0cheapest$2,000most expensive

Account minimum · 7 brokers with a verified figure

What you can hold

US stocksOffered
ETFsOffered
OptionsOffered
Mutual fundsNot offered
BondsNot offered
FuturesNot verified
Spot currenciesNot offered
CryptoNot verified
International listingsNot offered
Fractional sharesOffered
OTC equitiesNot offered

Account types

Individual taxable offered
Joint not offered
Traditional IRA offered
Roth IRA offered
Rollover IRA offered
SEP / SIMPLE IRA not offered
Custodial not offered
Trust not offered
Solo 401(k) not offered
HSA not offered
Margin offered
Managed portfolio not offered

Strengths and limitations

Strengths

$0 commissions on US-listed stocks, ETFs and standard options contracts
Incoming account transfers are free
Regulatory fees published at the per-share and per-contract level, including the $9.79 FINRA cap
Fractional shares supported

Limitations

$75 per outgoing stock transfer — second only to Vanguard's $100 among the exit charges we recorded
No mutual funds, and no joint, custodial or trust accounts identified
Margin rates were not stated in the pricing document we read

Check these yourself

Certain index options carry a $0.50 per contract fee despite the zero-commission headline
Oversized option orders carry a $0.10 per contract fee

How Webull scores

Under our default weights. Individual rankings re-weight these same sub-scores, which is why Webull sits in different positions on different pages.

Safety and regulationweight 30%
7/10
Fees and total costweight 30%
9/10
Investment selectionweight 22%
6/10
Account types and featuresweight 18%
5/10

Sub-scores by pillar · Each pillar scored 0–10 from published evidence

Safety and regulation7/10 · weighted 30%: Active SEC-registered broker-dealer (8-69978) and SIPC member. Scored below the incumbents on operating history alone — its CRD number places its registration well after the established firms — not on any enforcement matter we identified.
Fees and total cost9/10 · weighted 30%: $0 on US-listed stocks, ETFs and standard options contracts, with regulatory fees itemised transparently. Held off a 10 by the $75 outgoing transfer fee, which is a real switching cost.
Investment selection6/10 · weighted 22%: Stocks, ETFs, options and fractional shares confirmed. No mutual funds. Futures and crypto not confirmed from the fee schedule we read.
Account types and features5/10 · weighted 18%: Taxable, traditional, Roth and rollover IRAs plus margin. No joint, custodial or trust accounts identified.

Not scored

Access and eligibility — Not scored in v1.0. Requires per-country eligibility confirmed against each firm's own onboarding terms, which we have not completed.
Platform and usability — Not scored in v1.0. Requires hands-on use of a funded account, which we have not done.
Research and education — Not scored in v1.0. Requires logged-in access to the research suite, which we have not had.
Customer service — Not scored in v1.0. Requires timed contact tests across channels, which we have not run.
Execution quality — Not scored in v1.0. Requires analysis of Rule 605/606 order-execution reports, which is scheduled for a later release.

Common questions about Webull

Answered from the figures above, each read from a published source on August 28, 2026.

Is Webull a regulated broker?: Webull is the trading name of WEBULL FINANCIAL LLC, whose registration read active on FINRA BrokerCheck when we checked it on 28 August 2026 (CRD 289063, SEC 8-69978). It is a SIPC member, which protects the custody of assets up to $500,000, including $250,000 for cash if the firm fails. That covers the firm failing, not an investment losing value.
How much does Webull charge to trade stocks?: Webull publishes $0 (uS-listed securities) on stock and ETF trades, read from its own schedule on 28 August 2026. Regulatory pass-through fees are charged on top of the headline at every US broker, including this one.
What are Webull's options fees?: Webull publishes a base commission of $0 and $0 per contract. Standard contracts. $0.50 on certain index options, $0.10 on oversized option orders. Read from its own schedule on 28 August 2026.
Does Webull charge a fee to transfer an account out?: Webull publishes $75 to move an account out (per outgoing stock transfer; incoming $0.00), read on 28 August 2026. Transfers in are free at every broker we track, so this charge applies in one direction only.
What is Webull's margin rate?: Webull publishes 8.74%, read on 31 August 2026. Margin is tiered at almost every broker and the cheapest rate belongs to the largest balances, so a retail-sized loan normally sits in the most expensive band rather than the advertised one.
Is there a minimum to open an account with Webull?: No. Webull publishes no minimum deposit to open an account, read on 28 August 2026.
Does Webull offer retirement accounts?: Yes. Webull publishes 3 retirement account types, but no joint account, which rules it out for anyone investing with a partner.

Webull compared

Sources

[1]Webull — Pricing and feesRead August 28, 2026
[2]FINRA BrokerCheck — Webull Financial LLCRead August 28, 2026
[3]Webull — Pricing: crypto, futures, fixed income and margin schedulesRead August 31, 2026

Affiliate disclosure

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Risk warning

Investing involves risk, including the possible loss of principal. Nothing on this site is personalized investment advice, a recommendation to buy or sell any security, or a solicitation. Figures are read from public sources on the dates shown and can change without notice — verify anything you intend to act on with the provider directly. Read the full risk disclosure.