The great thing about Webull is that it has no fees or commissions on any stock, options or ETF trades.
The only part of a trade you have to pay is the spread and SEC transaction cost, which are fractions of a penny. You can transfer money in and out of your account with no fees using ACH. Domestic wire transfers cost $8 per deposit and $25 per withdrawal.
Webull also doesn’t have any deposit minimums which makes them a great option for smaller retail traders. There are other additional fees which Webull has that you should be aware of. They include their tiered margin rates, short selling fees, regulatory and exchange fees. These are the main trading fees you should be aware of.
TIERED MARGIN RATES
Webull provides up to 4x day-trade buying power and 2x overnight buying power if you have a margin account. You need at least $2,000 to qualify. The interest on your margin trading is calculated daily and charged on a monthly basis. The margin rate they charge is determined by the size of the margin loan being used. Below are their annual margin rates.