All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.Webull Financial LLC is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). New comments cannot be posted and votes cannot be cast. Webull subreddit, a commission-free, stock trading app. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. You can check if a stock is HTB from our stock page, as shown below. Webull | Zero Commission trading, zero platform fees, margin interests as low as 3.99% In order to upgrade you need to unenroll from this program. Along with free trades, WeBull has no transaction fees and offers users easy access to 4x margin trading. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Please read Characteristics and Risks of Standardized Options before investing in options.Webull provides crypto trading through Apex Crypto. So it would cost you $3.88 to hold a $20K position overnight. Otherwise, your application will be rejected. So it would actually cost you $1.94 per day. You can use promotion link below to open an account … The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Whether a stock is a ETB or HTB or non-shortable stock depends on the list provided by our clearing firm, which changes on a daily basis. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.Webull Financial LLC is a member of Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Options trading privileges subject to Webull Financial LLC review and approval. Relevant regulatory and exchange fees may apply. Fee to close WeBull brokerage account and delete app. There are also no minimum account requirements or account maintenance fees, making Webull one of the lowest cost brokers we’ve covered. © 2020 Webull Financial LLC, All rights reserved. Please read Characteristics and Risks of Standardized Options before investing in options.Webull provides crypto trading through Apex Crypto. (Closing price of Stock) x (1.02) = Per Share Collateral Amount (rounded up to the nearest dollar)$13.00 x 1.02 = $13.26 = $14.00, (Per Share Collateral Amount) x (Share Quantity) = Trade Value$14.00 x 1,000 = $14,000, (Trade Value) x (Annual Hard-to-Borrow Rate) = Annual Hard-to-Borrow Fee $14,000 x 0.06 = $840, (Annual Hard-to-Borrow Fee) / (360 days) = Daily Hard-to-Borrow Fee $840 / 360 = $2.33 Daily Hard-to-Borrow Fee. Lastly, no options position should be held either before you apply for it. Relevant regulatory and exchange fees may apply. Hello. Regulatory Fees Relevant regulatory and exchange fees may apply. I have some questions about margin trading which I don’t completely understand. If I hold on to the stock for 3 days, the margin fee will be $349.50 per day? Is this margin rate fee charged daily? ... Read detailed review of WeBull account » Margin Rates. 2.) So for example, let’s say I used $5000 buying power on a stock. Let me repeat that NO MARGIN INTEREST IS CHARGED IF YOU USE LEVERAGE INTRADAY!! The value of stocks may fluctuate and as a result, clients may lose more than their original investment.Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Will the fee apply on $250 or $1000? Individual Cash (Taxable & Retirement) Individual Margin; A Webull individual margin account allows you to borrow and trade up to 3 times the amount in your cash fund.. For example, if you have $2,500 in a margin account, you could use additional margin funds of up to $7,500 supplied by Webull… To do so, navigate from the Homepage to More>Account Details>Account Profile and Select Change Account Type. Will the rate apply on how much cash I used or on how much buying power I used? Free trading of stocks, ETFs and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices or Web. I understand that my margin rate is 6.99%. Free trading of stocks, ETFs and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices or Web. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal opinions. Relevant regulatory and exchange fees may apply. * The current industry convention percentage set by the securities lending market participants is subject to change. This is exactly what I’m looking for! For example, let’s say I used $1000 buying power on a stock. Additionally interest is only charged if held over night and since he is using 4x daytrade margin he will need to close by End of Day. Webull Financial LLC is a member of. $5000 * 0.0699 = $349.50. Will the fee apply if I buy and sold the stock on the same day before the closing time? Otherwise, your application will be rejected. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. What are the fees associated with transferring funds from my bank? Equity needs to be above $2,000 in order to upgrade to a margin account. As we alluded to, trading at Webull is always 100% commission-free (except for the tiny regulatory and exchange-mandated fees that all brokers pass through to clients).