If you’re holding shares of a stock in your Webull account and do not want them lent out to short sellers, you need to disable share lending. If shares that you own are lent out, you do receive some payment on Webull. Luckily, you don’t have to change anything about your account to disable share lending on Webull.
In the app, go to your main account by tapping the Webull icon in the bottom center of your screen. You’ll have to enter your trading password or use touch ID to access your account page. If you have multiple accounts, select the one you want to make changes to. Then, tap the Detail box as shown in the picture below. This brings you to a screen with lots of information about your account. Scroll all the way to the bottom of this screen until you see Account Profile. Tap Trading Access.
On the Trading Access page, you should see an option for the Stock Lending Income Program. Open the Stock Lending Income Program and you will get to a page that gives you information about stocks that you have received interest from by lending them out to short sellers. You will see your status in the program and if it says Enrolled, tap Exit Program next it to it to disable stock lending in the future.
Need to disable stock lending on Robinhood, too? Click here for a simple guide on how to do it.
Open an account with Public.com to start investing with a broker that does not use the PFOF model. Public offers a simplified user interface for easy trading. Use this link to earn a free stock of your choosing just for signing up!
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