How to close your Webull account
You can close your Webull account through the app or website by going to your account settings, selecting the option to close your account, and following the prompts to confirm. The process takes a few minutes, but you'll need to settle any open positions, withdraw your cash balance, and make sure there are no pending transactions before Webull will process the closure. If you have unsettled trades or money sitting in the account, you'll have to handle those first.
Webull doesn't charge a fee to close your account. However, if you have a margin account with an outstanding balance, you must pay that balance before closing. Once your account is fully closed, you lose access to your trading history, watchlists, and any other data stored there.
Key Takeaways
- Close your account through Settings in the Webull app or website by selecting the account closure option and confirming your request.
- You must sell all open stock and options positions and withdraw your cash balance before Webull will close the account.
- Any margin balance or outstanding debt must be paid in full before closure is processed.
- Account closure is permanent and you will lose access to your trading history and watchlists once it is complete.
Steps to close your account through the app
Open the Webull app and tap the account icon in the bottom right corner. From there, select "Account" and scroll down to find "Close Account" or "Account Settings." Tap that option and you'll see a confirmation screen explaining what happens when you close your account.
Before you proceed, Webull will show you a checklist of things that must be done first: all positions must be closed, your cash balance must be zero or withdrawn, and any pending orders must be cancelled. If any of these items are incomplete, the app will tell you which ones need attention. Once everything is settled, confirm the closure and Webull will process it.
Steps to close your account through the website
Log into your Webull account on the website and click on your profile icon or account menu, usually located in the top right corner. Select "Account Settings" and look for an option labeled "Close Account" or "Account Closure." Click that link to open the closure request form.
You'll see the same requirements listed: all positions closed, cash withdrawn, and no pending orders. Fill out any required information on the form, confirm that you understand the account will be permanently closed, and submit. Webull will send you a confirmation email once the closure is complete.
What you need to do before closing
Sell all open stock positions by going to your portfolio, selecting each holding, and placing a sell order at market price. For options positions, do the same — you cannot close your account with any open trades. If you have pending buy or sell orders that haven't filled yet, cancel them through your order history.
Withdraw your cash balance to your linked bank account. Go to "Transfers" or "Withdraw," select your bank account, and enter the amount you want to move out. Webull typically processes withdrawals within one to three business days, so plan accordingly. If you have a margin account with a negative balance (money you owe Webull), you must deposit funds to bring the balance to zero before you can close the account.
What happens to your data after closure
Once your account is closed, you cannot reopen it or recover your trading history, watchlists, or saved settings. If you think you might want to trade again in the future, consider keeping the account open but inactive instead of closing it entirely. An inactive account takes up no space and costs nothing to maintain.
If you need your tax documents or trade confirmations for the year, download them before you close the account. Webull may still provide these documents after closure, but it's safer to save them yourself. Contact Webull support if you need help retrieving documents after your account is already closed.
If you have trouble closing your account
The most common reason closure fails is an incomplete checklist — usually a forgotten position or a pending order. Go back through your account and double-check that every position is closed, every order is cancelled, and your cash balance is zero. If you still see a problem, take a screenshot and contact Webull support through the app or website.
If you have a margin account with a balance dispute or if Webull is holding funds for any reason, support can explain what's blocking closure and walk you through the steps to resolve it. Response times vary, but Webull typically replies within one to two business days.
Frequently Asked Questions
Can I reopen my Webull account after closing it?
No, once you close your account it cannot be reopened. If you want to trade again, you would need to create a new account from scratch. If you're unsure about closing, consider leaving the account open but unused instead.
Will Webull refund my money if I close my account?
Webull doesn't refund anything — you withdraw your own cash balance before closing. Any money in your account belongs to you and must be transferred out by you. Webull charges no fee for the closure itself.
What if I have a pending deposit when I try to close?
You must wait for the deposit to complete or cancel it before closing your account. If a deposit is in progress, contact Webull support to cancel it, then proceed with closure once it's reversed.
Do I lose my tax documents when I close my account?
Download your 1099 forms and trade confirmations before closing. Webull may still provide them afterward, but you should save copies yourself to be safe. You can request documents from support after closure, though response times may be longer.
How long does it take to close a Webull account?
If your account is ready to close (all positions sold, cash withdrawn, no pending orders), the closure processes immediately or within a few hours. If you have items to settle first, that can take several days depending on how quickly you sell positions and withdraw funds.