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Abstract:Compare Webull brokerage account types: cash, margin, IRAs, and futures. See leverage, minimums, SIPC coverage, and key fees like index-option and exchange charges.
We group Webulls brokerage account types and show the core differences. You can open Cash or Margin accounts, plus IRAs (Traditional/Roth/Rollover). Futures access is via Webull Financial LLC as an FCM. Advisory services run through Webull Advisors LLC (SEC-registered IA).
Below we summarize account purpose, key requirements, leverage, and fee highlights.
Account Type | Purpose | Min to Open | Leverage | Key Fees / Notes |
Cash | Standard investing in stocks/ETFs/options | $0 | None | $0 commissions on U.S. stocks/ETFs/options (equity/ETF options $0 contract fee). Reg./exchange fees apply. |
Margin | Leverage, shorting, advanced options | $0 to open; $2,000 equity required to use margin | Up to 4× day / 2× overnight | Interest per schedule; PDT rules apply below $25k. |
IRA (Trad/Roth/Roll.) | Tax-advantaged investing | $0 | None | $0 commissions on stocks/ETFs/options; standard option and reg./exchange fees apply. |
Futures (FCM) | Exchange-traded futures | Per exchange margin | Exchange-defined | Exchange/NFA fees; not SIPC-protected. |
Advisory (Webull Advisors) | Managed portfolios | Varies by program | None | IA under SEC; trades executed by Webull Financial LLC. |
Fee specifics to know:
• Index options:$0.50/contract on certain index options; +$0.10/contract surcharge for oversized option orders (above 500 contracts). Regulatory and exchange fees also apply.
• Margin: Webull posts leverage and rate schedules; margin magnifies losses. Review the margin agreement carefully.
Whats the minimum to open a Webull brokerage account?
$0. Margin usage needs $2,000 equity; PDT rules apply if you day-trade with < $25,000 in equity.
Do options have contract fees?Stock/ETF options: $0 contract fee; index options:$0.50/contract; oversized orders:+$0.10/contract (except index options). Reg./exchange fees apply.
Does Webull support IRAs?
Yes—Traditional, Roth, Rollover IRAs on the same platform UI.
Are there platform fees for OTC trading?
Webull states $0 commission and no platform fees for OTC securities; check the fee schedule for third-party charges.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.