Transferring from Webull to Fidelity is a great way to diversify your investments and take advantage of the different features that each platform offers. To transfer funds and securities from Webull to Fidelity, you will need the right steps to complete a successful transfer.
Steps to transfer from Webull to Fidelity:
- Visit https://www.fidelity.com/
- select the accounts and trade section given at the top left corner of the home page
- From the drop-down list select the transfers option
- You will be redirected to the new page having transfer related options
- Scroll down the page and move to the “Transfer an account to Fidelity” Section
- Select the “start a transfer” option
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- If you are already a user then enter your login details that are username and password and login into your account
- If you are new to this then go to the setup online access option and then click on the register now tab
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- Verify your identity by entering your name date of birth and also the last four digits of your SSN
- Here you need to enter all the details that the fidelity needs to ensure your and confirm your identity
- Once you complete the verification process then you will be redirected to the new page asking “tell us where you are moving your assets from”
- In the search tab enter Webull and then select “Webull Financial LLC”
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- Click on the next tab
- On the next page, enter your Webull account number and choose the account type from the list given and then click on the next tab
- A new page will appear on your screen as ” decide where you want to transfer your assets”
- Here you need to select between an existing account or a new account
- If you already have an account then you can choose the existing account option or if you are willing to open a new account then choose other option given
- Select the compatible account
- Agree to the terms and conditions and click on the next tab
- On the next screen, you need to select the ownership of the account whether it will be an individual account or a joint account
- After choosing, confirm the information given by clicking on the ” confirm my information” tab
- On the next page, you will see all the terms and conditions related details and where you need to certify your taxpayer identification number
- Finally agree to all the terms and conditions and scroll down the page and click on the open account option given
- It will be easy for you to transfer your assets from Webull to Fidelity.
How long does it take to transfer your assets from Webull to your Fidelity account?
Typically, it takes around 3 to 5 days in completing the transfer of assets from the webull account to the Fidelity account. Sometimes in rare cases, the process takes around two weeks.
Why Fidelity Is Better Than Webull?
Fidelity is better than Webull for a variety of reasons.
- Firstly, Fidelity offers a more comprehensive set of services than Webull. From investments to banking to insurance, Fidelity offers a wider range of options for customers.
- Fidelity also offers a greater selection of mutual funds, ETFs, and stocks than Webull, making it easier to diversify your portfolio.
- Additionally, Fidelity has a long history of providing reliable customer service and support, while Webull is a newer company and doesn’t have the same track record.
- Fidelity also has a larger selection of retirement planning and retirement accounts, giving customers more options for their long-term financial goals.
- Finally, Fidelity has lower fees for trades and account maintenance than Webull, making it a more cost-effective option for investors.
Conclusion:
Transferring from Webull to Fidelity is a great way to diversify your investments and take advantage of the different features each platform offers. Linking your accounts and initiating a transfer request is easy and takes just a few minutes. Be sure to review the transfer details before submitting the request, and check your Fidelity account to make sure the transfer was successful.