In this article, we will cover the necessary steps to transfer your stocks from Robinhood to Webull.
Webull does not support account transfers below $500 due to high transfer costs.
In addition, Webull supports individual cash and margin accounts, traditional IRAs, Roth IRAs, and Rollover IRAs only.
If you are still on the fence between these two brokerages, check out our article on Robinhood vs Webull here.
Check out my video on how to transfer your brokerage account below, let's dive in!
Both Webull and Robinhood support the ACATs transfer service (Automated Customer Account Transfer Service).
However, Robinhood charges a $100 fee for transferring accounts out.
If you own any fractional shares within your Robinhood account, the whole shares will transfer but the fractional shares will be sold off. The cash balance will instead be transferred over to your new Webull brokerage account.
Options can be transferred from Robinhood to Webull. However, options expiring within 5 business days do not transfer.
Lastly, any crypto balances held within Robinhood will be sold off and the cash balance will transfer to Webull.
You do have the option of sending your crypto balance from Robinhood to Webull using the Crypto Wallet feature separately from the ACATs transfer.
You can transfer stocks from various brokers, including but not limited to:
If your brokerage is not listed, you can check its eligibility for ACATS transfers by searching within the Webull app.
Navigate to the Webull Logo > Transfers > Transfer Stocks into Webull.
Here, you can search for your brokerage by name or DTC number.
Robinhood is a popular "all-in-one" investing app.
While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.
Introducing Robinhood Retirement; home of the biggest IRA match on the market.
Here's what you need to know:
And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.
Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.
If you already have a Webull account, then you can skip this step.
Use our Webull download button below to get free stocks!
The whole process can be completed in just a few minutes from your phone. Once you complete the application, your new account will be ready immediately.
New to Webull? Check out my full tutorial below!
You can find this by tapping on the "Account" icon on the bottom right corner of the app.
Click on "Investing" and your account number will be located at the top of the screen.
Webull will ask you for this number when you initiate the transfer.
Once you have gathered the required information from Robinhood, it's time to move on to Webull.
Webull will not perform the transfer unless the account type and name on the account is identical to the newly created Webull account.
Here are the steps to initiate the transfer:
A transfer into Webull is estimated to take 5 to 7 business days to come to completion.
Don't forget to grab your free stock worth up to $200 from Robinhood today!
