Can I transfer my Webull stocks to another broker?

Yes. Use an ACATS transfer initiated by your new broker to move holdings without selling, avoiding a taxable event.

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Cancellation guide · Updated 2026

How to Close a Webull Account

Last verified May 2026 · In-app request · Sell or transfer first

CancelNest Editorial
Reviewed & updated June 2026

Moderate - must clear holdings first

Close your Webull account - step by step

1
Sell or transfer all holdings first
You cannot close a brokerage account with open positions or a cash balance. Sell your positions or transfer them to another broker via ACATS.
2
Withdraw your cash balance
Transfer your remaining cash to your linked bank account. Wait for it to clear.
3
Consider transferring instead of selling
If you do not want to sell (to avoid taxable events), use an ACATS transfer to move your holdings to another broker. Your new broker initiates this.
4
Request account closure in the app
Open Webull → Menu → Help Center / Customer Service → request account closure. Webull closure is handled through support, not a one-click button.
5
Save your tax documents
Download your 1099 and account statements before closing - you need these for taxes and lose access after closure.

Selling holdings can trigger taxes - consider transferring

If you have gains in a taxable Webull account, selling everything to close it creates a taxable event. Transferring your positions to another broker via ACATS avoids selling. Decide based on your tax situation.

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Last verified - May 2026

Webull account closure process

Webull requires your account to have zero positions and zero cash balance before closing. Sell or transfer all holdings, withdraw your cash, then request closure through the app's customer service. Critically, download your tax documents (1099 forms) and statements first - you will need them at tax time and lose access once the account closes.

Frequently asked questions

How do I close my Webull account?: Sell or transfer all holdings, withdraw your cash, then request closure through the app's customer service. Download tax documents first.
Can I transfer my Webull stocks to another broker?: Yes. Use an ACATS transfer initiated by your new broker to move holdings without selling, avoiding a taxable event.
Will I owe taxes if I close my Webull account?: Selling holdings in a taxable account can trigger capital gains taxes. Transferring positions via ACATS avoids selling. Consult your tax situation.