Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cari Scribner on March 15, 2022
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

How To Transfer From Fidelity To Webull 2023

One of the good things about using online investing platforms is that you do not need to sign any kind of contract that requires a minimum term of use.

Instead, you can come and go as you choose. In fact, it may be a good idea to shop around and see if another app better suits what you’re looking for. The field is crowded with investing apps vying for your business, and they are constantly making upgrades and adding features you may find useful.

If you have a Fidelity account and want to switch to Webull, then you have come to the right place. In this article, we highlight the steps required to transfer from Fidelity to Webull.

Best Free Stock Promotion

Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull Logo6 Free Fractional Shares When You Deposit $1+Claim Bonus
Moomoo Logo5 Free Stocks When You Deposit $100+Claim Bonus
Acorns Logo$20 Bonus When You Invest $5+Claim Bonus

1. Gather Info From Fidelity

Fidelity does offer numerous assets that are not supported by Webull.


You will need to sell off these assets if you are making a full transfer and reinvest the cash in your new Webull account.

The assets you will need to sell off from your Fidelity account for a full transfer to Webull include:

  • Futures
  • Mutual funds
  • OTC penny stocks
  • Bonds and CDs
  • Pink sheets

Keep in mind that when you are selling off these assets, you may see a profit, which could result in capital gains taxes.

Webull supports:

  • Listed U.S. stocks, ADRs, options, and ETFs
  • Individual cash accounts
  • Individual margin accounts
  • Traditional IRAs, Roth IRAs, and Rollover IRAs.

To make sure the specific security you want to transfer out of Fidelity is tradable on Webull, use the following method on the mobile Webull app:

  1. Search the symbol or company name and move to the stock detail page
  2. If there is a Trade button on the bottom left, the stock is tradeable on Webull
  3. Next, tap the "Options" button next to the Chart in the stock detail page
  4. Tap any bid or ask on the options quotes page
  5. If there is a Trade button on the bottom left, then it is tradeable on Webull

2. Open A Webull Account

In order to apply for a Webull account, you will need to meet the following requirements:

  • Be 18 years or older
  • Have a valid Social Security Number or Taxpayer Identification Number
  • Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa
  • Provide a legal physical address within the 50 states or Puerto Rico (there may be exceptions for active U.S. military personnel stationed abroad) for the home and/or company address listed on your brokerage account. You can use a PO address for your mailing address only.

There is no initial deposit requirement for Webull.

To open your account:

  1. Go to Webull official website
  2. Click "LOG IN"
  3. Click "Sign up Now"

3. Initiate The Transfer

Ready for some good news? Webull can do ACATS (Automated Customer Account Transfer Service) for transfers. And, Fidelity does not charge for an ACAT transfer, so it won't end up costing you anything.

In order to perform the transfer, the name and type of the Fidelity account must be identical to the Webull account's name and type. The transfer may be delayed if your outgoing account type differs from your Webull account type.

In the Webull app:

  • Tap on "Transfers" on the Webull account page.
  • Tap on "Transfer Stocks into Webull".
  • Read the Transfer Tips and Tap on "Transfer Stocks to Webull".
  • Choose the broker to transfer from.
  • Enter the information as prompted and click on the “Transfer Now” button.

A stock transfer usually takes 5-7 business days to complete. However, delays can occur if the Fidelity account type differs from your Webull account. Delays can also occur if you have had any activity in your Fidelity account (unsettled stocks from recent trades, ACH transactions, etc.) recently. Contact Webull if your transfer is pending for longer than 7 business days.


There’s no golden rule that you have to stick with one online investing platform or another. It’s your option as an investor to explore what’s out there. Each app offers its own bells and whistles. Additionally, established platforms are constantly updating their services. Perhaps Webull is better suited for your needs!

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Cari Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram