What Is the WEBULL SECURITIES Charge on Your Statement?

Understanding WEBULL SECURITIES Charges on Your Bank Statement

If you've noticed a charge labeled "WEBULL SECURITIES" or "WEBULL FINANCIAL LLC" on your bank statement, it's related to Webull, a popular commission-free online brokerage platform for trading stocks, ETFs, options, and cryptocurrencies. Webull is particularly popular among active traders and investors who appreciate its advanced charting tools and zero-commission trading.

What is Webull?

Webull is a financial services company that offers commission-free stock and ETF trading, options trading, cryptocurrency trading, and investment accounts including traditional brokerage accounts, IRAs (retirement accounts), and margin accounts. The platform is known for its sophisticated mobile app with advanced technical analysis tools, real-time market data, and paper trading features for practice.

Common Reasons for WEBULL SECURITIES Charges

Several types of transactions can result in a Webull charge on your bank statement:

• Account Funding: Deposits or transfers from your bank account to your Webull brokerage account to fund investments
• Stock/ETF Purchases: While trades are commission-free, the cost of the securities themselves appears when using instant buying power before deposits clear
• Cryptocurrency Purchases: Buying crypto through Webull (the purchase amount, not a fee)
• Margin Interest: Monthly interest charges if you trade on margin (borrowing money from Webull)
• Premium Subscriptions: Monthly fees for Webull premium features like Level 2 data, advanced charting, or professional tools
• Wire Transfer Fees: Charges for expedited funding via wire transfer
• Instant Deposit Fees: Some promotions offer free instant deposits, but standard accounts may be charged
• Regulatory Fees: Pass-through fees for specific transactions (SEC fees, FINRA TAF fees)

Understanding Account Funding vs. Charges

It's crucial to understand the difference between funding your account and actual charges:

• Account Funding: When you transfer $500 from your bank to Webull, it appears as a $500 debit on your bank statement. This is YOUR money moving to your investment account, not a charge or fee.
• Actual Charges/Fees: Subscription fees, margin interest, or wire transfer fees are genuine charges for services.

Many users confuse deposits with charges. If you transferred money to invest, that's not a charge—it's your funds being moved to your brokerage account where you own them.

Commission-Free Trading Explained

Webull advertises commission-free trading, which means:

• No commissions for buying or selling stocks, ETFs, or options
• No per-trade fees charged by Webull
• You still pay the cost of the securities themselves (if you buy $100 of stock, $100 leaves your account)
• Regulatory fees (SEC, FINRA) are still passed through on certain transactions
• Margin interest and premium features have separate costs

Margin Interest Charges

If you have a margin account and trade using borrowed funds:

• Webull charges interest on your margin balance (borrowed amount)
• Interest accrues daily and is billed monthly
• Rates vary by margin tier: typically 6.99% for balances under $25,000, lower for higher balances
• Interest charges appear as "WEBULL SECURITIES" with the amount on your statement
• To avoid: don't trade on margin, or pay down your margin balance regularly

Webull Premium Subscriptions

Webull offers optional premium subscriptions with advanced features:

• Level 2 Market Data: Real-time order book data, typically $2.99-$4.99/month
• Advanced Charting Tools: Premium technical indicators and analysis tools
• Nasdaq TotalView: Enhanced market depth data for an additional monthly fee
• These subscriptions auto-renew monthly and appear as Webull charges

Typical Webull Charge Amounts

Here's what different Webull-related amounts might represent:

• $10-$500: Stock, ETF, or fractional share purchases (not a fee—the investment cost)
• $100-$5,000: Account funding deposits (your money being transferred)
• $2.99-$29.99: Premium subscription fees for advanced data or tools
• $5-$50: Margin interest charges (monthly billing on borrowed funds)
• $8-$25: Wire transfer fees or instant deposit fees
• $0.01-$5: Regulatory pass-through fees (SEC fees on sales)

How to Verify Your WEBULL Charge

If you're uncertain about a Webull charge, follow these steps:

1. Open the Webull App: Log in and check your account activity and transaction history
2. Review Account History: Go to Account > History to see all deposits, withdrawals, and fees
3. Check Trade Confirmations: Review your executed trades to see purchase amounts
4. View Statements: Go to Account > Statements to download monthly account statements
5. Check Subscriptions: Go to Account > Subscription to see active premium services
6. Review Margin Balance: If you have margin enabled, check Account > Margin to see interest charges
7. Contact Support: Email help@webull.com or call 1-888-828-0618 with your charge details

How to Stop Webull Charges

Depending on the type of charge, here's how to stop future ones:

Stop Account Funding Deposits:

1. Open Webull app and go to Account > Banking
2. Remove or unlink your bank account
3. Cancel any recurring deposits you set up

Cancel Premium Subscriptions:

1. Go to Account > Subscription
2. Select the active subscription
3. Tap "Cancel Subscription"
4. Confirm cancellation

Avoid Margin Interest:

1. Don't trade using margin (borrowed funds)
2. Pay down your margin balance to zero
3. Disable margin trading in your account settings if you don't need it

Close Your Account (stops all activity):

1. Sell all positions and withdraw your funds
2. Go to Account > Settings > Close Account
3. Follow prompts to permanently close your Webull account

Webull Refund Policy

Webull's refund policy is limited:

• Investment Transactions: Not refundable. When you buy stocks or crypto, these are market transactions that can't be "refunded"—you must sell to get money back.
• Subscription Fees: May be refunded if canceled within the same billing period, evaluated case-by-case
• Erroneous Fees: Duplicate charges, billing errors, or system glitches may be refunded
• Margin Interest: Generally not refundable as it's interest on borrowed funds
• Wire Transfer Fees: Non-refundable for completed wire transfers

To request a refund for an erroneous charge:

1. Contact Webull support at help@webull.com or call 1-888-828-0618
2. Provide your account number, charge date, and amount
3. Explain the specific issue or error
4. Provide screenshots or documentation if available
5. Allow 5-10 business days for review

When to Dispute a WEBULL Charge

Consider disputing a Webull charge through your bank if:

• You never opened a Webull account or authorized the service
• Your account was hacked and someone else made unauthorized trades or deposits
• You see duplicate charges for the same transaction
• You're being charged subscription fees after canceling
• Charges appear for services you never signed up for
• Margin interest charges are incorrect or miscalculated
• You attempted to resolve with Webull but received no response or unreasonable denial

Filing a Chargeback for WEBULL

If you need to dispute a Webull charge with your bank:

1. Gather all documentation: account statements from Webull, trade confirmations, screenshots, cancellation confirmations, and correspondence with Webull support
2. Distinguish between deposits (not disputable—your money) and actual charges/fees (disputable if unauthorized)
3. Contact your bank's dispute or fraud department immediately
4. Provide detailed information about why the charge is unauthorized or incorrect
5. Submit copies of all supporting evidence
6. Follow your bank's chargeback process (typically must file within 60-120 days)

Important: Filing a chargeback will likely result in your Webull account being closed. Liquidate positions and withdraw funds before initiating a chargeback if possible.

Withdrawing Money from Webull

If you want to access your funds or close your account:

1. Sell all stock, ETF, and crypto positions (wait for trades to settle, usually T+2 for stocks)
2. Ensure no pending deposits or unsettled trades
3. Go to Account > Transfers > Withdraw
4. Enter the withdrawal amount (must be settled cash, not unsettled)
5. Select your linked bank account
6. Confirm withdrawal
7. Funds typically arrive in 3-5 business days

Note: You cannot withdraw funds that are from unsettled sales or pending deposits.

Webull Account Security

If you suspect unauthorized access to your Webull account:

• Change your password immediately through the app or website
• Enable two-factor authentication (2FA) in Account > Security
• Review your recent trades and account activity for unfamiliar transactions
• Check linked bank accounts for unauthorized additions
• Contact Webull support at help@webull.com or 1-888-828-0618 to report potential fraud
• Freeze your account to prevent further unauthorized activity
• Monitor your bank accounts for additional suspicious charges

Preventing Unwanted Webull Charges

To avoid surprise charges from Webull:

• Understand that deposits are YOUR money moving, not charges
• Review your linked bank accounts regularly
• Track your margin usage and pay down balances to avoid interest
• Cancel premium subscriptions you're not using
• Enable transaction notifications for all account activity
• Keep your account credentials secure and don't share them
• Review monthly statements for all fees and charges
• Understand that buying investments costs money—it's not a "charge" but an investment purchase

Webull vs. Other Brokerages

If you're evaluating whether to keep using Webull:

• Webull: Commission-free with advanced tools, great for active traders, margin interest applies
• Robinhood: Also commission-free, simpler interface, similar margin rates
• Fidelity: Commission-free, more traditional, better customer service, no subscription fees
• TD Ameritrade: Commission-free with thinkorswim platform, extensive research tools
• Schwab: Commission-free, full-service broker, strong customer support

Webull is best for active traders who want advanced charting and don't mind a tech-first (less human support) approach.

Tax Implications of Webull Trading

Be aware of tax considerations:

• You'll receive Form 1099-B for stock/ETF sales (capital gains/losses)
• Form 1099-DIV for dividends and distributions
• Form 1099-INT for interest earned on cash balances
• Cryptocurrency sales are taxable events and must be reported
• Margin interest may be deductible as investment expense (consult tax professional)
• Webull provides all tax forms through the app by mid-February each year

Contact Webull Support

For assistance with Webull charges or account issues:

• Phone: 1-888-828-0618 (Available Monday-Friday, 9 AM - 9 PM Eastern Time)
• Email: help@webull.com
• In-App Chat: Available 24/7 through Account > Help > Chat Support
• Help Center: www.webull.com/help (extensive FAQs)
• Social Media: @WebullGlobal on Twitter for general inquiries
• Website: www.webull.com

When contacting Webull, have your account number, charge amount, transaction date, and a detailed description of your issue ready. Include screenshots if reporting erroneous charges.