Webull's core trading has no commission, but other fees explore

Webull does not charge commission on stock, ETF, or options trades, which means you won't pay a per-trade fee when you buy or sell. However, Webull does charge fees in specific situations: wire transfers, margin interest, certain account types, and inactive accounts. The fees vary depending on what you're doing and which account you hold.

Understanding where Webull makes money helps you avoid surprise charges. Most fees are optional — you only pay them if you use that particular service. Some, like inactivity fees, only explore if your account sits unused for a long period.

Key Takeaways

  • Stock and ETF trades are commission-free, but wire transfers to move money out cost $25 outbound and $10 inbound.
  • Margin accounts charge interest on borrowed money, with rates that vary based on how much you borrow and current market conditions.
  • Webull charges a $10 monthly fee for accounts that have no activity for 12 consecutive months.
  • Options trades are commission-free, but you pay the bid-ask spread like you do on any brokerage.

Wire transfer fees

Moving money in and out of Webull through wire transfer costs money. An outbound wire (money leaving your Webull account to your bank) costs $25. An inbound wire (money coming into Webull from your bank) costs $10. These are the fees Webull charges; your bank may also charge its own wire fees on top.

If you want to move smaller amounts, use ACH transfers instead. ACH is free and takes three to five business days, while wires typically settle the same day or next business day. The tradeoff is speed versus cost.

Margin interest on borrowed money

If you open a margin account and borrow money from Webull to trade, you pay interest on the borrowed amount. Webull's margin interest rates are tiered — the more you borrow, the lower your rate. Rates also change based on market conditions and the current federal funds rate.

You only pay margin interest on the days you actually hold a margin balance. If you deposit enough cash to cover your positions, you owe nothing. Webull shows your current margin interest rate in your account settings, and you can see the daily interest charge in your account history.

Inactivity fees

Webull charges a $10 monthly fee if your account has zero activity for 12 consecutive months. Activity means any trade, deposit, or withdrawal. If you stop trading but leave money sitting in the account, the fee kicks in after a year of no movement.

This fee is straightforward to avoid: make at least one trade or deposit per year, or close the account if you're not using it. Webull sends a warning email before charging the fee, so you'll have notice.

Account type fees

Most Webull accounts are free to open and maintain. However, if you hold certain account types — such as a custodial account for a minor or a trust account — there may be annual maintenance fees. These are less common and typically only explore to specialized account structures.

When you open an account, Webull discloses any applicable fees upfront. If you're unsure whether your account type carries a fee, check your account settings or contact Webull support.

What you don't pay for

Webull does not charge for opening an account, closing an account, or holding cash in your account. There are no monthly subscription fees for basic trading access. Stock and ETF trades carry no commission, and options trades are also commission-free.

You also don't pay Webull for data or research tools. Real-time market data and charting are included with your account at no extra cost. Some brokerages charge for premium research or advanced tools; Webull includes these in the base account.

Fees you pay to others, not Webull

Your bank may charge fees for ACH or wire transfers, separate from what Webull charges. If you trade options, you pay the bid-ask spread — the difference between the buy and sell price — which goes to the market, not to Webull. If you short-sell stocks, you may pay a borrow fee to Webull for the shares you're borrowing, which varies by stock.

These are not Webull fees in the traditional sense, but they are costs you'll encounter when using the platform. Understanding the difference helps you budget for actual trading costs.

Frequently Asked Questions

Does Webull charge a monthly subscription?

No. Webull's basic account and trading are free. You only pay fees when you use specific services like wire transfers, borrow on margin, or maintain an inactive account for over a year.

Can I avoid the inactivity fee?

Yes. Make at least one trade, deposit, or withdrawal within a 12-month period. Webull sends an email warning before the fee is charged, giving you time to take action or close the account.

Do I pay commission on options trades?

No, options trades are commission-free. You pay the bid-ask spread, which is the difference between the buy and sell price at the time you trade. This spread goes to the market, not to Webull.

What's the cheapest way to move money into Webull?

ACH transfer is free and takes three to five business days. Wire transfer costs $10 inbound but settles faster, usually the same day or next business day. Choose based on whether you need speed or want to avoid the fee.

Do I pay interest if I have a margin account but don't borrow?

No. You only pay margin interest on the amount you actually borrow. If you keep enough cash in the account to cover your trades, you won't owe any interest charges.