Are there any currency exchange fees?

Webull adds a spread to the currency exchange rate provided by our execution partner which is reflected in the buy and sell prices that you see.

The displayed rate visible to you when requesting a currency exchange is an approximate rate. Exchange rates used on the Webull App are subject to foreign exchange fluctuations as per market movements.

The effective rate will be shown on your Trade History tab.

Example:

We add a spread of 35 basis points to the exchange rates we receive from our banking provider. For example, when converting £1000:

The difference of $4.40 represents the cost of conversion charged by Webull.

If you were to place a $1000 trade, our commission charge would be $0.25.

Rates for illustrative purposes only.

For more information on our fees and charges, please refer to our Pricing page.