Webull Account Type

　　Webull offers several types of accounts to cater to different trading needs:

• Individual Brokerage Account:
• Cash Account: Requires the full payment for purchases; no borrowing allowed.
• Margin Account: Allows borrowing against the account balance for trading, with a minimum balance requirement of $2,000 for margin trading.
• Retirement Accounts:
• Traditional IRA: Contributions may be tax-deductible; taxes are paid upon withdrawal.
• Roth IRA: Contributions are made with after-tax income; withdrawals are tax-free in retirement.
• Rollover IRA: For transferring funds from a qualified retirement plan.

• 　　Futures Account: Available only as an individual account, allowing trading in futures contracts.

• 　　Smart Advisor Account: A robo-advisor account designed for automated investing, requiring a minimum deposit of $100.

  　　

　　

Webull Broker Account Opening Process

　　To open a Webull account, follow these steps:

• Visit the Webull Website or App: Access the account registration section.
• Provide Personal Information: Enter your full name, address, phone number, and Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
• Submit Identification: Upload a valid government-issued ID (e.g., driver's license or passport).
• Employment Information: Fill in your employment details and financial experience.
• Select Account Type: Choose between cash or margin accounts for brokerage accounts or select a retirement account type.
• Review and Submit: Double-check all information for accuracy and submit your application.

　　Typically, new account applications are approved within 24 hours, although existing customers can often receive instant approvals.

　　For further details, visit the following sources:

• Webull Account Types
• How to Open a Webull Account