webull multiple accounts | BTCC Knowledge

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What types of accounts does webull support?

Webull supports two types of individual accounts: cash and margin. Each user can have one of each. If you already own one kind, you will need to create a new login before applying for the other. IRA: We support Traditional, Roth, and Rollover IRAs. Each user can open one IRA. You must have an individual account before creating an IRA.

Can I have two webull trading accounts?

Yes, one individual is allowed to have two individual accounts on Webull but they should be of different account types. If the first one you opened is a margin account, the second one should be of cash type. How to apply for my second Webull trading account? >Fill in your information, submit the application and wait for the result to come.

How much does it cost to transfer assets from webull?

Whether you’re transferring all of your assets from Webull to another brokerage or just a portion of your account, you’ll be charged a $75 transfer fee. However, you won’t pay any annual or inactivity fees at Webull. Despite a robust offering for active traders, Webull lacks access to some common securities, such as mutual funds and bonds.

Who owns webull?

Webull is a privately held company owned by Fumi Technology, a Chinese holding company with backing from private equity in China. In 2017, Webull Financial LLC was founded by Wan Anquan, formerly of Alibaba Group, one of the world’s largest companies by market capitalization.