Webull updated its Customer Agreement to clarify that futures and cleared swaps trading is now offered through Webull Futures LLC instead of Webull Financial LLC. The agreement now explicitly mentions cleared swaps alongside futures in risk disclosures and product descriptions. This change reflects the company's organizational structure for offering these trading products and ensures risk disclosures apply to both futures and cleared swaps products.
The updated agreement clarifies that cleared swaps are now included in Webull's futures trading offerings and are subject to the same risk disclosures as futures products. This means consumers trading cleared swaps will be covered by the same risk warnings and disclosure requirements that apply to futures trading. Consumers should review the Risk Disclosure Statement at www.webull.com/fcm-disclosures if they trade or plan to trade cleared swaps products.
This change clarifies the regulatory structure and product scope for Webull's derivatives offerings. Traders now have explicit confirmation that cleared swaps are covered by the same risk disclosures and regulatory framework as futures products, ensuring transparency about the risks and regulatory oversight of all derivatives products available.
Clarified that Webull Futures LLC (not Webull Financial LLC) holds CFTC registration and NFA membership for futures and cleared swaps offerings.
Updated risk disclosures to explicitly state that futures and cleared swaps trading (not just futures and futures options) involves substantial risk and require review of Risk Disclosure Statement.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Webull updated its customer agreement to specify that Webull Futures LLC (rather than Webull Financial LLC) offers both futures and cleared swaps trading, and revised risk disclosures to explicitly reference both product types. This is a clarification of organizational structure and product scope rather than a substantive change to terms. As a CFTC-registered Futures Commission Merchant and NFA member, Webull remains subject to CFTC and NFA regulation of futures and cleared swaps offerings. The change ensures regulatory-required risk disclosures cover all relevant products.
CFTC, NFA
Full compliance analysis
Obligation analysis, escalation trigger, board language, and recommended action.
Watcher: regulatory citations + obligations. Professional: full compliance memo.
ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-001427.
See the full side-by-side comparison of every sentence added, removed, and modified.
🔒 Full diff — WatcherWebull updated its privacy policy to clarify that it now offers futures and cleared swaps trading through its Webull Futures …
Webull updated a navigation element in their privacy policy header on April 18, 2026, adding the word 'WEBTRADE' to the …
Webull's Terms of Service navigation menu now includes a 'WEBTRADE' label alongside its existing 'PREMIUM TRADING & INVESTING' section. This …
Get alerted when this policy changes again — including what changed and why it matters.
Prefer a weekly summary instead?
Get the biggest policy changes across 320+ platforms every Sunday.