The Complete Guide to Webull Trading Fees

Opening

You use or plan to use Webull for stocks, options, ETFs, crypto, or international trades. You want a clear, actionable breakdown of every fee you may face. Read this guide to understand headline “zero commissions” and all hidden add‑ons. Learn how each fee is calculated. See concrete numeric examples for typical trade sizes. Get practical steps to reduce your total trading cost. Expect numbers: percentages, per‑contract charges, spreads, regulatory formulas, and sample trades. Prepare to compare a $2,500 stock order, a $5,000 crypto buy, a 10‑contract options trade, and a £10,000 international order. Check each example and apply the tactics to your account.

Quick Answer / TL;DR

Compare main items quickly. Webull commissions: 0% commission on U.S. stocks and ETFs. Options: $0.50 per contract for certain index option trades. Crypto: no explicit commission but a 1% spread on both buy and sell (100 basis points). Regulatory and pass‑through: fees calculated with formulas such as $0.000195 × trade volume, minimum $0.01, maximum $9.79 on sells. International and UK users: regional commission structures reported as 2.5 basis points (0.025%) for some U.S. access, 3 basis points (0.03%) for HK, and cap disclosures typically not exceeding 0.5% per trade in some regions. Use the examples below to calculate precise costs for a $50,000, $5,000, or £10,000 order.

1. Core stock, ETF and options fees (0% commissions; $0.50 index options)

State the headline. Webull does not charge base commission for trading stocks, ETFs, and options listed on U.S. exchanges. Check the pricing page to confirm your market access. Understand what “no commission” covers and what it does not cover. It covers the broker’s base commission. It does not cover regulatory pass‑throughs, exchange fees, or some special per‑contract charges.

Give concrete numbers. Base commission: 0% for U.S. stocks and ETFs. Index option contract fee: $0.50 per contract for specified index option trades. Show an example: place a trade for 10 index option contracts. Calculate contract fees: $0.50 × 10 = $5.00. Combine with regulatory add‑ons to get final cost. For a 20‑contract trade, contract fees equal $0.50 × 20 = $10.00.

Explain contract fees. The $0.50 per contract applies to certain index option trades. Equity options may follow a different per‑contract schedule or be exempt. Check the platform’s options pricing table before high‑frequency trading. Provide a usage context: if you trade options frequently, 100 contracts in a day equal $50 in contract fees per trade block at $0.50 each. A short‑term trader executing 4 such trades pays $200 in per‑contract fees that day.

Watch regulatory add‑ons. “No commission” does not remove regulatory or exchange pass‑through fees. Use the regulatory rate example below to calculate those. For some sells, pass‑throughs range from $0.01 to $9.79. Example: you sell shares and a regulatory calculation yields $0.005; you pay the $0.01 minimum. If calculation yields $12.00, you pay the $9.79 maximum per trade on that line item.

Bulleted summary for this section:
– Base commission: 0% for U.S. stocks/ETFs.
– Index option contract fee: $0.50 per contract.
– Example cost: 10 index option contracts = $5.00 contract fees plus regulatory fees.
– High‑volume example: 100 contracts = $50.00 in contract fees.
– Pitfall: regulatory fees can add $0.01–$9.79 per sell.

Watch out for: trade routing and execution type. Use limit orders if you need a precise fill price. Market orders can mask spread costs on low‑liquidity stocks.

2. Crypto trading fees and spreads (1% spread)

State the model. Webull applies a spread to crypto trades instead of a direct commission. Explain “spread” briefly the first time: spread (the embedded price difference the platform uses to buy and sell). The spread is 1% on both buy and sell orders. That equals 100 basis points per side.

Give concrete math. If Bitcoin market price = $50,000 then:
– Buy price = $50,000 × 1.01 = $50,500.
– Sell price = $50,000 × 0.99 = $49,500.
Calculate cost: buy at $50,500 and sell immediately at $49,500. That is a $1,000 difference on a $50,000 notional position. That equals 1% on entry and an implied 2% round‑trip cost if the market is unchanged.

Provide usage context with smaller trades. For a $5,000 crypto buy, the embedded spread equals $5,000 × 0.01 = $50 up front. If you sell immediately after at unchanged market price, you realize about $100 in round‑trip spread loss. For a $500 buy, spread = $5. For a $100 purchase, spread = $1. Small trades pay the same percentage, so fixed overhead can be material. For a $10,000 buy, spread = $100; round‑trip = $200 if no price movement.

Explain variability. The 1% spread is a baseline. Webull notes the spread may vary with market conditions. Expect spreads to widen during:
– Low liquidity windows, e.g., 2:00 AM local time.
– High volatility events, such as rapid price moves.
– Less liquid tokens versus major coins.

Watch out for: no explicit minimum crypto fee is stated. A 1% spread on a $10 trade equals $0.10. That small fee may make micro‑trading inefficient. Also check deposit and withdrawal fees set by counterparties and networks; network fees can be $1, $5, $10, or higher depending on chain congestion.

Bulleted summary for this section:
– Crypto spread: 1% on buy and 1% on sell (100 bps each).
– Example: BTC at $50,000 → buy at $50,500; sell at $49,500.
– Small trade example: $5,000 buy → $50 embedded cost; round‑trip ≈ $100.
– Liquidity note: spreads widen in volatility or for illiquid tokens.
– Pitfall: immediate selling can lock in a 2% round‑trip loss.

3. International market fees and conversion costs (2.5 bps US / 3 bps HK; up to 0.5%)

Describe regional differences. Webull’s base zero commission model applies mainly to U.S. markets. For international market access, Webull‑UK and other regional variants report different fee structures. Some third‑party reviews cite 2.5 basis points (0.025%) for U.S. stock access on certain UK accounts. For Hong Kong access, sources report 3 basis points (0.03%). Webull‑UK pricing pages disclose that typical fees will not exceed 0.5% of total trade value for certain international trades.

Give concrete examples. Calculate simple fee amounts on a £10,000 order:
– At 2.5 bps (0.025%): fee = £10,000 × 0.00025 = £2.50.
– At 3 bps (0.03%): fee = £10,000 × 0.0003 = £3.00.
– At 0.5% cap: fee = £10,000 × 0.005 = £50.00.
Show currency conversion impact. If you convert £1,000 to USD with a 0.5% FX markup, your conversion cost = £1,000 × 0.005 = £5.00. For £10,000 conversion, cost = £50.00.

Explain when these apply. These regional commission rates apply primarily to:
– Non‑US residents trading US or HK shares.
– Custodial or ISA/Share‑dealing wrappers in some markets.
– Trades executed in foreign currencies that need conversion.

Include settlement and local levies. Expect fixed exchange charges, settlement fees, stamp duties, and local taxes. For example:
– A stamp duty or local transfer charge might be a fixed £1–£10 per trade.
– A settlement or exchange levy might add 0.01%–0.1% depending on exchange and trade volume.

Watch out for minimums and rounding. Small orders can face minimum charge floors. Example: a £50 trade at 2.5 bps yields £0.0125; platforms may round up to £0.50 or £1.00, making the effective rate 1%–2% on very small trades. Confirm your account’s market access and pricing page. Check whether a commission cap like 0.5% applies per order or per month.

Bulleted summary:
– Reported commission examples: 2.5 bps (0.025%), 3 bps (0.03%).
– Cap or typical max: up to 0.5% of trade value.
– Example: £10,000 trade at 2.5 bps = £2.50.
– FX conversion example: £1,000 at 0.5% FX markup = £5.00.
– Pitfall: small orders can hit minimums that raise effective rates.

4. Regulatory and pass‑through fees (rate $0.000195; min $0.01; max $9.79)

Define pass‑throughs. Regulatory fees are charged by agencies such as the SEC, FINRA, CAT, and exchanges. Brokers pass these fees to clients. Webull lists specific regulatory charges and formulas on its pricing page. You pay these fees even when Webull advertises “no commission.”

Give the concrete rate. A common regulatory line item uses this formula:
– Regulatory Fee = $0.000195 × total trade volume.
– Minimum charge = $0.01 per relevant trade line.
– Maximum charge = $9.79 per relevant trade line.
Note: this fee often applies to sells only, per the pricing note.

Explain “total trade volume.” Total trade volume refers to the dollar value of the executed trade, or the number of shares times the per‑share price in some fee contexts. Use simple numeric examples.

Provide numeric examples:
– Example 1: Trade value = $100. Regulatory calc = $100 × 0.000195 = $0.0195. Pay the $0.02 rounding or the $0.01 minimum depending on policy. Final = $0.02.
– Example 2: Trade value = $10,000. Regulatory calc = $10,000 × 0.000195 = $1.95. Final = $1.95.
– Example 3: Trade value = $100,000. Regulatory calc = $100,000 × 0.000195 = $19.50. Pay the $9.79 maximum per the line item cap, not $19.50.
– Example 4: Very small trade $5. Regulatory calc = $5 × 0.000195 = $0.000975. Pay the $0.01 minimum.

Add other pass‑throughs. Expect fees such as:
– CAT Regulatory Fee: small per‑trade cents value.
– FINRA fees: cents to dollars depending on volume.
– Exchange transaction fees: vary by venue, often $0.001–$0.005 per share for high volumes, or percentage for large notional trades.

Use practical math for common orders:
– Sell 100 shares at $25 each = $2,500 trade value. Regulatory = $2,500 × 0.000195 = $0.4875 → round to $0.49.
– Sell 1,000 shares at $10 each = $10,000 trade value. Regulatory = $1.95.
– If multiple regulatory lines apply, sum them: $1.95 + $0.10 + $0.01 = $2.06.

Watch out for: pass‑through fees sometimes apply only to sells. Check whether the trade triggers a TAF fee exemption. Confirm the pricing page before high‑frequency sells. Use limit orders to avoid accidental large market sells that generate unexpected fees.

Bulleted summary:
– Regulatory formula: $0.000195 × trade value; min $0.01; max $9.79.
– Example: $10,000 trade → $1.95 regulatory charge.
– Small trade example: $5 trade → pay $0.01 minimum.
– Large trade example: $100,000 → capped at $9.79 instead of $19.50.
– Pitfall: multiple pass‑throughs can stack and increase cost.

Comparison table

Closing

Take specific steps to reduce costs. Check your account market access fee page. Compare the math for each trade size and instrument. Use limit orders to control execution price and avoid hidden spread costs. Batch small trades to avoid fixed minimums that raise effective rates. For crypto, trade larger sizes if you can accept the 1% spread; a $500 buy costs $5 in spread, while a $5,000 buy costs $50, keeping percentage constant.

Action checklist:
– Check the pricing page for your region and market access.
– Compare per‑contract fees for options before trading 10, 20, or 100 contracts.
– Test execution: place a small limit order and check the fill price versus market.
– Convert currency in larger blocks to reduce FX markups: convert £1,000 vs £10,000.
– Add up pass‑throughs: calculate $0.000195 × trade value before placing large sells.

Examples to practice:
– Simulate a $2,500 stock buy. Expect $0 base commission, and about $0.49 regulatory fee on a sell back.
– Simulate a $5,000 crypto buy. Expect $50 spread cost; round‑trip ≈ $100 if price unchanged.
– Simulate 20 index option contracts. Expect $10.00 in contract fees plus pass‑throughs.

Monitor costs monthly. Add up commissions, spreads, regulatory charges, FX marks, and stamp duties. Use the totals to decide whether to:
– Change execution style.
– Switch markets.
– Consolidate trades to reduce per‑trade minimums.

You now have concrete formulas and examples. Use the math above to estimate costs for any $100, $500, $1,000, $5,000, $10,000, or $100,000 trade. Check fees before you trade. Make decisions by numbers, not promises.