How is the FX fee calculated?

Webull adds a spread on top of the bank rate rather than a flat percentage fee. This means the cost is built into the exchange rate the app displays when you convert your funds.

Examples:

Converting AUD$1,000 → US Dollar (AUD to USD: 50 pips or 0.005)

• The app displays: 1 AUD = 0.6500 USD

• You receive: AUD$1,000 × 0.65 = USD$650

• Foreign exchange fee: USD$5.00 (built into the conversion rate)

Converting USD$1,000 → AUD (USD to AUD: 50 pips or 0.005)

• The app displays: 1 USD = 1.5000 AUD

• You receive: USD$1,000 × 1.5000 = AUD$1,500

• Foreign exchange fee: AUD$5.00 (built into the conversion rate)

Converting HKD$1,000 → AUD (HKD to AUD: 50 pips or 0.005)

• The app displays: 1 HKD = 0.1800 AUD

• You receive: HKD$1,000 × 0.1800 = AUD$180

• Foreign exchange fee: AUD$5 (built into the conversion rate)