How To Turn Off Share Lending Webull?

How To Turn Off Share Lending Webull? Webull is a popular stock trading platform that allows users to buy and sell stocks, options, ETFs, and more. One of the features of Webull is the Share Lending program, which allows users to lend their shares to other traders in exchange for interest payments.

How To Turn Off Share Lending Webull?

Step 1: Open The Webull App

Open the Webull app on your mobile device and log in to your account.

Click here – How To Turn Off Dark Mode On Google?

Step 2: Tap On The “Account” Tab

Once you are logged in, tap on the “Account” tab located in the bottom right corner of the screen.

Step 3: Select The “More” Tab

On the Account page, you will see a list of options. Tap on the “More” tab at the bottom of the screen.

Step 4: Go To “Security Center”

Under the “More” tab, you will see a section called “Security Center”. Tap on this section to proceed.

Step 5: Turn Off Share Lending

Once you are in the Security Center, you will see an option called “Share Lending”. To turn it off, simply toggle the switch to the left.

Step 6: Confirm Your Decision

After toggling off Share Lending, a message will pop up asking you to confirm your decision. Tap on “Turn Off” to confirm.

Step 7: Done

Congratulations! You have successfully turned off Share Lending on your Webull account. You will no longer be able to lend your shares to other traders, but you will also not receive any interest payments.

Let’s get to know more about various topics on Turnoffme

FAQ

How Do I Turn Off Share Lending?

Go to Account → Menu (3 bars) or Settings (gear) → Investing → Manage Stock Lending.
In Stock Lending, select Disable Stock Lending.

Does Webull Have Share Lending?

The Stock Lending Income Program provides you with the opportunity to earn extra income on fully-paid stocks held in your account by allowing Webull to borrow certain stocks. While your shares are on loan, you will be paid an income that is accrued daily and credited to your account on a monthly basis.

How Do I Turn Off Share Lending On The Public Apps?

You can also find more information on Securities Lending on our FAQ page. You may opt out of Apex’s Fully-Paid Securities Lending Program at any time by sending an email to us at supp[email protected] with “Securities Lending Opt-Out” in the subject.

Why Does My Stock Say Fpsl?

Definition: Fully Paid Securities Lending (aka FPSL) is a common type of securities lending where customers can earn passive income by giving their broker permission to lend out stocks that they’ve fully purchased (aka: not on margin).

Click here – How To Turn Off Siri On Mac?

Conclusion

In conclusion, turning off Share Lending on Webull is a straightforward process that can be done through the app’s settings. By following these steps, you can easily disable Share Lending on your account and focus solely on buying and selling stocks.