Webull

General Information & Regulation

Webull Financial LLC (“Webull”) is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is also a member of the SIPC. Webull Financial LLC is headquartered in United States, not subject to any regulation at this stage.

Market Instruments

Webull offers IPO, earnings, EFTs, Crypto currencies (around 15), forex currencies (11 pairs).

Account Types

Trading types that traders can open with Webull are individual accounts and IRA accounts. Webull supports two types of individual accounts: cash and margin. Each user can have one of each. In terms of IRA accounts, Webull supports Traditional, Roth, and Rollover IRAs. Each user can open one IRA. Users must have an individual account before creating an IRA.

Minimum Stock Numbers

Generally, the basic unit for trading U.S. stocks is one share. However, different restrictions are placed on penny stocks.

Commissions

Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. However, fees are still applied by the SEC, FINRA and OCC, the regulatory agencies. Detailed fees information pls refer to Webull official website.

Trading Platform Available

In terms of trading platform available, Webull offers an App for traders to use.

Deposit & Withdrawal

Webull does support traders to fund their account through ACH deposit and international wire transfer. Traders who deposit via U.S. Domestic Wire are subject to a fee of $ per fund, and withdrawal via U.S. Domestic Wire needs $25 per fund. The fee of deposit via International Wire is 12.5 USD per fund, and withdrawal via International Wire is $45 per fund. ACH transfers are free. However, failed deposits will be charged a $5 reversal fee by Webulls clearing firm.