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Firstrade vs Webull: fees and fine print
Full transfer-out: Firstrade $75 vs Webull $75, per each broker's official pages (checked Oct 30, 2026).
Last updated · 8 official sources (listed below)
The costs that don't show up in "$0 commissions": leaving, reverse splits, tender offers, and what idle cash earns. Every cell links to the broker's own page.
Where they differ
- Partial transfer-out fee: Firstrade $55 vs Webull $75
- Reverse split / mandatory reorg fee: Firstrade Not published vs Webull $0
- Fractional shares after a reverse split: Firstrade Not published vs Webull Depends on issuer
- Voluntary reorg / odd-lot tender fee: Firstrade Not published vs Webull $50
- Fractional share trading: Firstrade Yes vs Webull Yes ($1 min)
- Rate on uninvested cash: Firstrade 0.15% vs Webull Not published
| Fact | Firstrade | Webull |
|---|---|---|
| Full ACATS transfer-out fee | $75 source · Oct 30, 2026 | $75 source · Oct 30, 2026 |
| Partial transfer-out fee | $55 Account must keep ≥$555 total value incl. $55 cash (help center). source · Oct 30, 2026 | $75 Charged per outgoing stock transfer, full or partial. source · Oct 30, 2026 |
| Reverse split / mandatory reorg fee | Not published | $0 Stated on Webull's corporate-actions help page (splits, reverse splits, mergers). source · Oct 30, 2026 |
| Fractional shares after a reverse split | Not published | Depends on issuer Cash-in-lieu (typically 2-3 weeks after the split), rounded up to a full share, or rounded down to zero. Since Dec 2, 2024 round-up shares are only allocated once the issuer delivers them. source · Oct 30, 2026 |
| Voluntary reorg / odd-lot tender fee | Not published | $50 source · Oct 30, 2026 |
| DRIP (auto dividend reinvestment) | Yes source · Oct 30, 2026 | Yes Dividend must be more than $1; leveraged ETFs such as TQQQ are excluded. source · Oct 30, 2026 |
| Fractional share trading | Yes source · Oct 30, 2026 | Yes ($1 min) source · Oct 30, 2026 |
| Rate on uninvested cash | 0.15% 0.15% at every balance tier; FDIC-insured deposit rate also 0.15%. Credit rate effective 12/20/2024. source · Oct 30, 2026 | Not published |
Full pages: Firstrade fees · Webull fees · Firstrade cash rate · Webull cash rate
Questions
Is it cheaper to leave Firstrade or Webull?
Full transfer-out: Firstrade $75, Webull $75 (official fee schedules).
Sources
- https://www.firstrade.com/trading/fractional-shares
- https://www.firstrade.com/trading/pricing/margin-rates
- https://www.firstrade.com/trading/pricing/special-services
- https://www.webull.com/fractional-shares
- https://www.webull.com/help/faq/10845-Participation-in-Voluntary-Corporate-Actions
- https://www.webull.com/help/faq/11130-Dividend-Reinvestment-Program-DRIP
- https://www.webull.com/help/faq/431-Corporate-Actions-Introduction
- https://www.webull.com/pricing
Each source was read on or before Oct 30, 2026. Fees and rates change; confirm on the broker's site before acting.