Broker review
Webull review
Zero commissions on stocks, ETFs and standard options, with a $75 charge to leave.
- Written by
- Juan Manuel Gonzalez
- Published
- Data verified
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
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
7 of 14 fields verifiedRead 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.
| 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 | Not verified |
| Futures | Not verified |
| Crypto | Not verified |
| 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 | Not verified |
| 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.
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
- 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.
Webull compared
Sources
- [1]Webull — Pricing and feesRead August 28, 2026
- [2]FINRA BrokerCheck — Webull Financial LLCRead August 28, 2026
Affiliate disclosure
We currently have no affiliate or commercial relationship with any broker on this site, and every outbound link is a plain link. If that changes, it will be disclosed here and on the broker's row. Read the full disclosure.
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.