Webull Financial Fee Schedule

2021/7/1 Webull Financial | Trade Fees and Margin Interest

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Webull believes that technology empowers traders to be more profitable helping to grow our user’s economic freedom. Technology also enables us to provide transparent and straightforward prices with 0 commission trades and no deposit minimums.

We make money the same way every other broker makes money, but with one less revenue line item: commissions. In order to keep the lights on, we optimize the back-end revenue streams that every other broker (traditional or non) utilize to generate revenue. Simply put, these are stock loans, interest on free credit balances, margin interest and payment for order flow. More information on this can be found in our SEC Rule 606 disclosure.

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Tiered Margin Interest Rates

Annual Margin Rate

Webull provides up to 4x day-trade buying power and 2x overnight buying power with a margin account. You must ha $2,000 to qualify. Interest on margin trading is calculated on a daily basis and paid on a monthly basis. The margin rate is variable and i determined by the size of the margin loan.

Debit Balance Annual Margin Rate

$0~25,000.00 6.99%

$25,000.01~100,000.00 6.49%

$100,000.01~250,000.00 5.99%

$250.000.01~500,000.00 5.49%

$500,000.01~1,000,000.00 4.99%

$1,000,000.01~3,000,000.00 4.49%

＞$3,000,000.00 3.99%

Short Selling Fees

For a short position, you need to borrow shares of a company before you sell them. The cost associated with a short s fee for borrowing the stocks of said company. The stock loan rate changes on a daily basis based on market condition interest on margin trading, it is calculated on a daily basis and charged daily. The formula is: Daily Margin Interest (Short Position) = The Daily Market Value of the Borrowed Stocks when Market Closes* Stock Loa That Stock/360.

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Fees Charged By Regulatory Agencies & Exchanges

Webull does not charge commissions for trading stocks, ETFs and options listed on U.S. exchanges. However, fees are applied by the SEC, FINRA and OCC, the regulatory agencies. Webull does not profit from these fees.

Trading Privileges Charged By Types Fees Rule

The U.S. Securities $0.0000051*Total $ Trade and Exchange Transaction Fee Sells Only Amount (Min $0.01) Commission (SEC) Stock/ETF Financial Industry $0.000119 * Total Trade Regulatory Regulatory Fee Volume Min $0.01 per - Max Sells Only Authority (FINRA) $5.95 per

The U.S. Securities $0.0000051*Total $ Trade and Exchange Transaction Fee Sells Only Amount (Min $0.01) Commission (SEC)

Financial Industry $0.002 * No. of Contracts Regulatory Trading Activity Fee Sells Only (Min $0.01) Options Authority (FINRA)

Options Regulatory Options Exchanges $0.0388 * No. of Contracts Buys & Sells Fee

Options Clearing $0.02 * No. of Contracts Clearing Fee Buys & Sells Corp (OCC) （Max $55 per Trade）

The Transaction Fee is charged by the U.S. Securities and Exchange Commission (SEC), an independent agency of the United States federal governm Learn more> Financial Industry Regulatory Authority (FINRA) requires each member to pay trading activity fees for the sale of covered securities. Learn more> The Options Regulatory Fee is a fee assessed by exchanges on their members. It is collected by The Options Clearing Corp (OCC) on behalf of the U. options Exchanges. Learn more> The Clearing Fee is charged by The Options Clearing Corp (OCC) who provides central counterparty (CCP) clearing and settlement services to 16 exc Learn more> Our clearing firm, Apex, will withhold the above regulatory fees where applicable. All fees in the table above are subject to change without notice as our clearing partner, Apex Clearing.

Other Relevant Fees

Deposit & Withdrawal Fees

Action Region Fees Charged By

ACH Deposit U.S. Bank Account $0.00 -

ACH Withdrawal U.S. Bank Account $0.00 -

Deposit via Wire Transfer U.S. Bank Account $8 per Deposit Apex (Clearing Firm)

Withdraw via Wire U.S. Bank Account $25 per Withdrawal Apex (Clearing Firm) Transfer https://www.webull.com/pricing 2/4 2021/7/1 Webull Financial | Trade Fees and Margin Interest

Deposit via Wire HOME MARKET Non-U.S.TRADE BankPRICING Account DOWNLOAD$12.5 perHELP Deposit Symbol/Name Apex (ClearingSIGN Firm) UP Transfer(International)

Withdraw via Wire Non-U.S. Bank Account $45 per Withdrawal Apex (Clearing Firm) Transfer(International)

An ACH transfer is free of charge, but if an ACH transaction is returned due to insufficient funds, a non-transactional account, levies, or for any othe reason you will be charged a $30 reversal fee by our clearing firm. $30 ACH reversal fee is also applied to a returned/reversed ACH withdrawal. All fees in the table above are subject to change without notice as per our clearing partner, Apex Clearing. Additional wire transfer fees charged by any originating, intermediary, or recipient bank may apply. Please contact your bank for details. Please make sure that the beneficiary owner of the bank account is the Webull account owner. You must provide your full name and Webull accoun number in the description/comment of your wire transfer, or the transfer will be returned. If your wire transfer was returned due to non-identical, o wrong beneficiary owner or wrong information, the wire transfer fees charged by any originating, intermediary, or recipient bank may still apply.

Stock Transfer Fees

Transfer direction Charged By Fees

Apex (Clearing Firm) $0.00

Transfer to Webull Contra Broker Please contact the contra Broker for details.

Apex (Clearing Firm) $75 per Outgoing Stock Transfer Transfer from Webull Contra Broker Please contact the contra Broker for details.

Postage

Action Charged By Fees

Paper Confrm Fee Apex (Clearing Firm) $2/Confrm

Paper Statements Fee Apex (Clearing Firm) $5/Statement

Paper Prospectus Fee Apex (Clearing Firm) $2.5/Mail

Note: Per regulatory requirements, we must provide statements and confirms to clients. Normally this is sent electronically to the email address prov in their account opening application. However, if the email address fails to receive the email, we are required to send paper statements, confirms, and the mailing address on file. This will incur the above paper material delivery fees, charged by Apex, our clearing firm.

* Webull reserves the right to change or modify the fee schedule at own discretion. Updated on: Fe

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Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and C Exchange, Inc (CBOE EDGX).

Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory bro upon request or at www.sipc.org.

Our clearing frm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate 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 insu protect against a loss in the market value of securities.

Cryptocurrency trading is offered through an account with Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency hold or SIPC insured. Please ensure that you fully understand the risks involved before trading.

All investments involve risks and is not suitable for every investor. The value of securities may fuctuate and as a result, clients may lose more than their original inves performance of a security, or fnancial product does not guarantee future results or returns. Keep in mind that while diversifcation may help spread risk it does not a protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other fnancial products. Investors should consid investment objectives and risks carefully before investing.

Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial los trading privileges subject to Webull Financial LLC review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

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 invest information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.

Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including mark and type of order, market conditions, system performance, and other factors.

Free trading of stocks, ETFs and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that tr securities via mobile devices, desktop or website products. Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.

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