Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).
Webull Financial, LLC is a CFTC registered Futures Commission Merchant and NFA Member. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement and other relevant Futures Disclosures located at www.webull.com/fcm-disclosures prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).
Advisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. See additional information on the Disclosures webpage. Trades in your Webull Advisors account are executed by Webull Financial LLC.
Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 in any cash awaiting reinvestment). An explanatory brochure is available upon request or at www.sipc.org. Webull Financial LLC’s clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.
All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Diversification does not eliminate the risk of experiencing investment losses. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges are subject to Webull Financial, LLC review and approval. Leverage carries a high level of risk and is not suitable for all investors. Greater leverage creates greater losses in the event of adverse market movements.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Market volatility, volume and system availability may delay account access and trade executions.
Free trading of stocks, ETFs, and options refers to $0 commissions for WebullFinancial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktopor website products. A $0.55 per contract fee applies for certain options trades.Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.
No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
FAQs
An EM call is removed when the account is not flagged as PDT or the equity value in the account reaches $25,000.
- Make a deposit.
- Transfer securities into your account.
- Wait for the securities in your account to appreciate.
Typically, a DT call must be met by depositing new funds in the amount of the call(s) or higher. The deposit must remain in the account for two full business days before being withdrawn. If an account does not meet a DT call, then the call will fall off the account 90 days after the due date.
What happens if you get an EM call? ›
An EM Call is triggered whenever your equity falls below $25k in a PDT account. If you receive an Equity Maintenance (EM) Call, additional day trades may result in additional account restrictions. Overnight trades or Swing trades will not result in additional Equity Maintenance Call restrictions.
What happens if you get a DT call? ›
What happens if you get a DT call? If you have an open DT call, your DTBP will be 0. If you have one DT call past due, your account will be restricted to liquidation-only status for 90 days. If you have two DT calls past due, your account will be closed for 90 days.
What happens if I do more than 3 day trades? ›
According to FINRA rules, you're considered a pattern day trader if you execute four or more "day trades" within five business days—provided that the number of day trades represents more than 6 percent of your total trades in the margin account for that same five business day period.
Why do you need 25k to day trade? ›
Why Do You Need 25k To Day Trade? The $25k requirement for day trading is a rule set by FINRA. It's designed to protect investors from the risks of day trading. By requiring a minimum equity of $25k, FINRA ensures that investors have enough capital to absorb potential losses.
How to day trade on WeBull without 25k? ›
In order to day trade on WeBull without $25k, you will have to either open a cash account with WeBull, or limit the number of day trades that you make within a 5-day period. Theoretically, you could open a cash account and a margin account with Webull.
How to avoid day trading violations? ›
How to Avoid the Pattern Day Trading Rule
- Open a cash account. If a day trader wants to avoid pattern day trader status, they can open cash accounts. ...
- Use multiple brokerage accounts to avoid the PDT Rule. ...
- Have an offshore account. ...
- Trade Forex and Futures to avoid the PDT Rule. ...
- Options trading.
A Day Trade Call happens when you exceed your DTBP, usually the result of intra-day profits or releasing more than what's held overnight. It also happens if you day trade while in an EM Call. Receiving a DT call. 4X leverage is removed and no day trade buying power until the DT Call is met.
What happens if I day trade four times on Webull? ›
If you make more than 3 day trades within 5 business days, you will be marked as a Pattern Day Trader (PDT). As a PDT, you must maintain a minimum equity of $25,000 to be eligible for unlimited day trades. For a cash account, you can withdraw up to the settled cash you have in your account.
Day Trade Call
Customers have five business days to meet the call by depositing cash or marginable securities in the account. The sale of an existing position may satisfy a Day Trade Call but is considered a Day Trade Liquidation.
What is the 90 day restriction on Webull? ›
After 4 violations, the account is restricted for 90 days. After 5 violations, the account will be closed. No deposit or liquidation can lift a GFV. Each GFV will automatically expire at the beginning of the 13th month since its trade day.
What is a DT minimum equity call? ›
Day trading minimum equity: the account must maintain at least USD $25,000 worth of equity. Margin call to meet minimum equity: A day trading minimum equity call is issued when the pattern day trader account falls below $25,000. This minimum must be restored by means of cash deposit or other marginable equities.
How many times can you day trade without 25k? ›
Day trading on Robinhood without $25k is possible, but there are restrictions. The Financial Industry Regulatory Authority (FINRA) rules state that traders with margin accounts must maintain a balance of at least $25k if they make four or more day trades in a rolling five-business-day period.
What happens if you hold day trade buying power overnight? ›
If you do day trade positions held overnight, it will create a day trade call that will reduce your account's leverage.
How do I get rid of margin call? ›
You can do this by depositing cash or marginable securities to your account or by liquidating existing positions to generate cash. One of the most important things to understand about margin calls is that your brokerage firm has discretion as to when you are required to increase the equity in your margin account.
How do I get rid of sell call option? ›
How do you close a sell-to-open call? You close a sell-to-open call option by buying-to-close before expiration. Bear in mind that the options might expire worthless, so you could do nothing and avoid possible commissions.
How do I get rid of alert lines on WeBull? ›
To subscribe/unsubscribe from new offering notifications, go to the Menu page (bottom right) > Settings > Messages Settings > IPO Notice (US market) > select Push Notifications and press the toggle.
How do I get rid of trading calls? ›
Simply send the text, “START 0” to 1909 to be registered on the DND. You can also register for the DND service by downloading TRAI's phone application, called DND 2.0.
