Does Webull have a custody fee?

Wondering if Webull charges a custody fee is like trying to figure out if an airline has hidden baggage fees. It might be confusing. Let me make it simple for you.

Good news – they don’t charge one. With no custody fees at Webull, you can keep more of your money working for you.

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC.

Webull custody fee explained:

[Broker name] custody fee explained:

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Learn about our methodology

Adam Nasli

Trading • Safety • Market Analysis

Together with my brokerage analyst colleagues, I thoroughly tested the services of Webull by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about the custody fee at Webull.

• Custody fees are like paying for parking in a secure garage.

• Look out for other non-trading fees.

• Still looking for the best broker? Check our top list.

Just as you pay to keep your car safe from theft and weather damage, a custody fee ensures your investments are securely stored and managed.

For example, consider an investment account worth $75,000. You might pay a custody fee of 0.3% per year, amounting to $225 annually.

This fee covers the costs of safekeeping, insurance, and administrative services, providing you with peace of mind that your assets are protected. It is typically a percentage-based fee calculated based on the value of the positions you are holding.

Webull non-trading fees and more

While custody fees are one piece of the puzzle, it's important to be aware of other potential fees that might appear in your investment account.

Just like those unexpected service charges on your phone bill, brokers can have a range of non-trading fees that add up if you're not careful. Let’s take a closer look at these fees at Webull so you can avoid surprises and keep your investment costs in check.

Data updated on September 24, 2024

To learn more about Webull's fees and charges, read our article about Webull's fee structure.

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If you are interested in Webull in general, check our comprehensive review.