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Webull accounts: which entity holds your money

The account you open decides which legal entity and which regulator stand behind it. Here are Webull's accounts with that in mind.

Regulation: SEC; FINRA; CFTC/NFA for futures. How Webull is regulated

Facts last checked . Read the full Webull review.

Accounts

Minimum deposit
$0
Account types
Individual Cash, Individual Margin, Joint, Traditional IRA, Roth IRA, Rollover IRA, Futures, Advisory, Paper Trading
Account currencies
USD
Islamic account
No
Demo account
Yes, Paper Trading
Professional account
No dedicated retail Professional account
Minimum trade size
$5 for fractional stocks/ETFs
Time to open
Typically a few minutes; approval can take longer

What this means

Webull runs 9 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is $5 for fractional stocks/ETFs. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about Webull accounts

Which base currencies does Webull support?

Webull accounts can be held in USD. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.

What is the minimum deposit at Webull?

The minimum deposit at Webull is $0. It can differ by account type and by the entity you register with.

What account types does Webull offer?

Webull offers 9 account types: Individual Cash, Individual Margin, Joint, Traditional IRA, Roth IRA, Rollover IRA, Futures, Advisory, Paper Trading.

Accounts at brokers under the same regulator

More about Webull