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Webull review

Founded 2017 (Webull Financial LLC formed)HQ St. Petersburg, Florida, USA (main office in New York per BrokerCheck)Platforms Web, Desktop, Mobile, API

Connect Webull

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Trade & Sync with QuantWheel

Direct integration. QuantWheel reads your positions and trades at Webull, gives you personalized suggestions and sends the orders you approve to Webull.

Fee per contract
$0 per contract
to open a contract
Exercise and assignment
Not published
per event
Approval
Naked
up to naked short options
Margin rate
8.74%
on a $50,000 balance
Countries
US residents only (incl. accepted visa holders); SSN or ITIN and US address needed
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE
  • Index options (SPX)
  • Options on futures (Not published)
  • Spreads in an IRA, not offered
  • Portfolio margin (Not published)
  • Paper trading
  • 24/7 support, not offered

PlatformsWeb, Desktop, Mobile, API

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0
Ten-lot iron condor40 contracts
$0
Twenty covered calls20 contracts
$0
One turn of the wheelput assigned, call exercised, 2 contracts
Not published

Exchange fees and per-order minimums are extra where the fee schedule has them.

What Webull costs for the way you trade

A year of fees from Webull's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
Webull standard price$0.07 a trade, under 0.1% of your premium
$7.07 a year
Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
6th on the fees it publishes

Not counted because Webull does not publish them: assignment fee, inactivity fee.

Compare every broker for this pattern

QuantWheel

Trade & Sync with QuantWheel

Direct integration. QuantWheel reads your positions and trades at Webull, gives you personalized suggestions and sends the orders you approve to Webull.

Connect Webull

Fees explained

What each line of the fee schedule means for an options order

Webull

$0 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $0 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

Not published Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are not allowed in an IRA. It does not publish whether portfolio margin is offered.

Not published.

What changed at Webull

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

Webull

Yes, it is Trade & Sync. QuantWheel syncs the account's positions and trades, suggests trades and rolls, and sends the orders you approve to Webull. Connect Webull

$0 per contract; one fee for exercise and assignment is not published, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

US residents only (incl. accepted visa holders); SSN or ITIN and US address needed, according to Webull's own pages. Check with Webull before you open an account. Brokers by country

Facts from Webull's own fee schedule and options agreement, checked 8 October 2026.