FAQs
Funds are not available to withdraw before they have fully settled. Both stock trades and option trades settle on a T+1 basis. Funds received from your other Webull account cannot be withdrawn until the following business day after the internal transfer.
How do I talk to someone at Webull? ›
Please email customerservices@webull.us, or call 1-888-828-0618for any issues or inquiries that need immediate attention.
Is day trading illegal on Webull? ›
Can You Day Trade With Webull? Yes, Webull allows clients to day trade – the act of buying and selling the same security within the same day – on its app. However, there are two things that anyone looking day trade stock needs to know first: the PDT rule and order types.
How long until I can withdraw from Webull? ›
It usually takes 1-5 business days. If you deposit funds by ACH transfers, your deposits need to stay in your account for a minimum of 7 trading days. If you deposit funds by wire transfers, the withdrawal holding period will be 1 trading day. If I recall, it takes a long time.
Why can't I withdraw my funds from my trading account? ›
Some of the common reasons that can lead to failure when withdrawing money from a trading account are: Insufficient funds: If the trading account does not have enough free balance to process the withdrawal request, it will be rejected. You need to ensure that there is a valid balance in order to transfer your funds.
Does Webull have good customer service? ›
Webull offers high-quality support
In addition to response speed, we also rated brokers based on the quality of replies and assistance we received.
What banks does Webull accept? ›
For deposits, only U.S. Bank, Citibank, and Bank of America are available for RTP service with Webull. For withdrawals, more than 300 banks are supported. If your bank appears in the search results on the RTP initiation page, you can withdraw using the RTP method.
Is Webull no longer free? ›
Stocks, ETFs, and Options on Webull are commission free, except for certain index options which are assessed a contract fee. Relevant and regulatory and exchange fees also apply. If you make a margin trade and hold the position overnight, you will be charged margin interest. Sells only.
Is it safe to keep money in Webull? ›
Webull Cash Management service protects your funds through FDIC insurance. The uninvested cash in your brokerage account (cash intended for investing but that you have not yet invested) is swept to program banks, where it becomes eligible for FDIC insurance up to $250,000 per program bank ($1,250,000 in total).
How much does Webull charge to take money out? ›
Webull will not charge any fee on providing fund withdrawal service , all bank charges will be deducted from the withdraw amount.
Transfer securities from Webull (Outgoing): $75
If you make an outgoing ACAT transfer (cash and/or securities) to another broker, we will assess a $75.00 fee.
What is the 3-5-7 rule in trading? ›
The 3-5-7 rule in trading is a risk management guideline that suggests limiting the amount of capital you put into any single trade. According to this rule, you should not risk more than 3% of your trading capital on any one trade, no more than 5% on any one sector, and no more than 7% on all trades combined.
Why do you need 25k to day trade? ›
The $25k requirement for day trading is a rule set by FINRA. It's designed to protect investors from the risks of day trading. By requiring a minimum equity of $25k, FINRA ensures that investors have enough capital to absorb potential losses. But remember, even with $25k, day trading is still a high-risk activity.
How much money do day traders with $10,000 accounts make per day on average? ›
On average, day traders with $10,000 accounts can make $200-$600 per day, with skilled traders aiming for 2%-5% returns daily. So, it is possible to achieve a daily profit of $200 to $600 with a $10,000 account.
Why can't I withdraw money after selling stock? ›
SEC regulations mandate a two-day settlement period after a stock's sale. Your funds still need to be cleared for withdrawal. There may be a waiting period for recent deposits or bonuses.
Why isn t my brokerage cash withdrawable? ›
Keep in mind that after you sell stocks, you must wait for the trade to settle before you can withdraw money from your brokerage account. This typically takes two business days.
Why are my funds frozen in Webull? ›
Frozen Funds for Open Orders:
If you have any open limit orders, the funds allocated for these orders will be temporarily held in your trading account. These funds won't be accessible for withdrawal until the orders are completed or cancelled.