Webull updated their Customer Agreement on April 25, 2026 to reflect that futures and cleared swaps trading is now offered through a new entity called Webull Futures LLC, rather than the previously named Webull Financial LLC. The risk disclosures were also expanded to explicitly include 'cleared swaps' alongside futures, so investors now know that both product types carry substantial risk. This matters because it clarifies which legal entity you are dealing with when trading these products and broadens the scope of the risk warnings you should read before trading.
Webull has moved its futures and cleared swaps trading services to a new legal entity, Webull Futures LLC, which is the counterparty you now deal with for those products. The risk disclosures have also been updated to explicitly cover cleared swaps, not just futures and futures options, meaning the warning about substantial risk now applies clearly to both product types. You can review the updated Risk Disclosure Statement and relevant Futures Disclosures at www.webull.com/fcm-disclosures to understand the risks applicable to your trades.
If you trade futures or cleared swaps on Webull, you must now review a broader set of risk disclosures that cover both types of products.
The shift to Webull Futures LLC as the named FCM changes which legal entity is your counterparty for futures and cleared swaps trading, which has implications for the enforceability of agreements and the accuracy of any existing disclosures. The expanded risk warning to include cleared swaps ensures investors are aware that this additional product class carries the same substantial risk as futures.
Futures and cleared swaps trading is now attributed to Webull Futures LLC rather than Webull Financial LLC, changing the named legal counterparty for these products.
Risk disclosures now explicitly cover cleared swaps in addition to futures, broadening the products subject to the substantial risk warning.
The link to required disclosures at webull.com/fcm-disclosures now explicitly applies to both futures and cleared swaps products.
ConductAtlas Policy Archive Entity: Webull | Document: Webull Customer Agreement | Record: CA-C-000660 Captured: 2026-04-25 06:05:05 UTC URL: https://conductatlas.com/change/2026-04-25-webull-webull-customer-agreement-660/ Accessed: May 2, 2026
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Webull has restructured its futures and cleared swaps offering by attributing it to a new CFTC-registered entity, Webull Futures LLC, replacing the previously named Webull Financial LLC in this context. The change also expands risk disclosures to cover cleared swaps alongside futures, aligning with CFTC and NFA requirements for FCMs dealing in both product classes. Compliance teams with Webull in their vendor or broker stack should confirm the correct legal entity name in any agreements, disclosures, or customer-facing materials referencing the FCM counterparty. Action is recommended to verify entity references in contracts and internal documentation.
1. CFTC Regulations — 17 CFR Part 1 (Futures Commission Merchants), specifically 17 CFR §1.55 (Risk Disclosure Statements for futures) and 17 CFR §23.431 (Cleared Swaps disclosure requirements for swap dealers/FCMs): the entity change and expanded cleared swaps disclosure directly implicate FCM registration and disclosure obligations under these rules.
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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-000660.
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