Governance document

CA-D-000056

Webull Customer Agreement

Webull

Last change detected August 14, 2026 Terms of service

SHA-256: 967ca4204ac1c6a6980… 10 versions captured 9 changes documented

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This page describes what the document states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability may vary by jurisdiction. Methodology

59 Total

27 High severity

24 Medium severity

8 Low severity

Key Facts

What does Webull treat continued use of the Products as?

Webull treats continued use of the Products as evidence of the user's agreement to modified Terms.

When does Webull permit disclosure of user information?

Webull permits disclosure of user information in other situations in which Webull determines such disclosure is necessary.

How must any controversy or dispute arising from the Products be resolved?

Webull requires that any controversy or dispute arising from the Products or provision of service be finally resolved by appropriate legal means in accordance with local laws and regulations.

What must both parties attempt before either party may initiate a lawsuit?

Webull requires both parties to attempt to settle a dispute through friendly negotiation or arbitration before either party may initiate a lawsuit through local courts.

When may Webull terminate a registered account in its sole discretion?

Webull, in its sole discretion, can terminate a registered account if a user provides, transfers, or sells their account to any third party for use.

Who must bear all liability for actions taken on or using their account?

Webull requires users to bear all liability for actions taken on or using their account.

What must users pay as a result of using the Products beyond the scope of what is permitted?

Webull requires users to pay any litigation costs, including reasonable attorneys' fees, incurred as a result of using the Products beyond the scope of what is permitted, including damages arising from a breach of the Terms.

What is Webull data not intended to provide?

Webull requires users to be solely responsible for determining whether any investment is appropriate for them, as Webull data is not intended to provide financial, legal, tax, or investment advice or recommendations.

What intellectual property rights does Webull hold the exclusive proprietary rights to?

Webull holds the exclusive proprietary rights to all intellectual property rights associated with the Products, including trademarks, patents, copyrights, trade secrets, and proprietary technology.

What does Webull reserve the right to do at any time and in its absolute discretion?

Webull reserves the right to reclaim the account and temporarily or permanently suspend the account at any time and in its absolute discretion.

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Summary

This agreement sets the rules for using Webull's products and services. Webull can change those rules, suspend products, or close your account at any time without notice or explanation, and simply continuing to use the service counts as your agreement to any changes. You are solely responsible for every action on your account and for deciding whether any investment is right for you, and if you misuse the platform you may owe Webull its legal costs.

Analysis

The Webull Customer Agreement establishes the terms governing user access to and use of Webull's Products, reserving broad unilateral authority for Webull across core operational dimensions. Webull may modify the Terms at any time without advance notice, with continued use constituting the user's acceptance of modifications. Webull holds exclusive proprietary rights to all intellectual property associated with the Products and disclaims any advisory role with respect to financial, legal, tax, or investment matters, placing suitability determinations solely on users. Users bear full liability for all account activity, are required to indemnify Webull for litigation costs and damages arising from out-of-scope use or Terms breaches, and are subject to account suspension or termination at Webull's absolute or sole discretion. Dispute resolution requires prior negotiation or arbitration before court access, with the governing framework determined by local laws and regulations.

What this means for you

As a Webull user, you bear full liability for all activity on your account and are solely responsible for assessing whether any investment is appropriate for you, since Webull's data is not intended as financial, legal, tax, or investment advice. Webull can suspend or permanently close your account at its absolute discretion and without explanation, change the Terms without advance notice, and share your information whenever it determines disclosure is necessary. Before initiating a lawsuit in local courts over any dispute, you are required to first attempt resolution through friendly negotiation or arbitration.

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9 important changes detected

10 versions captured · Last updated: August 2026

August 14, 2026

low

What changed In an update detected on August 14, 2026, Webull modified navigation and menu structure in its Terms of Service document. The change removed references to certain institutional product categories and reorganized footer navigation elements. These appear to be formatting and organizational changes to the document's structure rather than revisions to substantive policy terms.

Why this matters This change reorganized the navigation and footer structure of Webull's Terms of Service document but did not modify substantive policy language, obligations, or rights. The updated document maintains the same effective date (March 24, 2022) and reflects only structural rearrangement of menu items and links.

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August 9, 2026

low

What changed In an update detected on August 9, 2026, Webull modified its Terms of Service navigation and footer structure. The changes appear to be primarily formatting and organizational, adding references to new product areas (Prediction Market, Institutions, Clients, Introducing Brokers, Hedge Funds, Proprietary Trading, Wealth Platforms, and developer-focused APIs including Broker Portal, Market Data API, Trading API, Connect API, Broker API, White-Label Solution, Embedded Solution, REST API, FIX Protocol, and WebSocket Streams) in the site header and footer. No substantive contractual or consumer-facing policy provisions appear to have been modified in the detected hunks.

Why this matters The detected changes to Webull's Terms of Service consist of navigation and footer restructuring, adding references to institutional product offerings and developer APIs. No substantive modifications to consumer rights, obligations, or protections were detected in the changed hunks. The document's effective date remains listed as March 24, 2022.

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August 2, 2026 low

Webull reorganized the navigation structure and footer layout of its Terms of Service web page, detected on August 2, 2026. The change involved reordering product menu items, restructuring footer sections, …

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July 21, 2026 low

Webull removed several institutional and developer-focused sections from the header navigation area of their Terms of Service, including references to 'Institutions', 'Introducing Brokers', 'Hedge Funds', 'Proprietary Trading', 'Wealth Platforms', 'Broker …

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July 19, 2026 low

Webull's Terms of Service navigation menu was updated in an update detected on July 19, 2026 to include 'Mutual Funds' as a distinct product offering in the investing section. The …

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July 12, 2026 low

Webull's website navigation and menu structure was reorganized on July 12, 2026. The updated page removes references to 'Webtrade Agentic AI' from the main consumer navigation and reorganizes product listings, …

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June 19, 2026 low

Webull updated its website navigation and product labeling on June 19, 2026, adding references to 'Agentic AI' and 'OpenAPI' in the platform menu while removing 'LIVE' from the quotes section. …

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April 25, 2026 low

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 …

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April 18, 2026 low

Webull's Terms of Service navigation menu now includes a 'WEBTRADE' label alongside its existing 'PREMIUM TRADING & INVESTING' section. This appears to be a menu or branding update to the …

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Featured, High severity

Continued use constitutes acceptance of modified Terms Compare →

Users are bound by modified Terms without any affirmative act of consent beyond simply continuing to use the Products.

Added July 10, 2026 Standard Seen across 289 platforms
Disclosure permitted at Webull sole discretion otherwise Compare →

The scope of permissible disclosure is defined by Webull's own determination of necessity, without an external standard limiting that judgment.

Added July 10, 2026 Standard Seen across 288 platforms
Disputes resolved by local laws and arbitration Compare →

The governing resolution framework is defined by local laws and regulations rather than a single specified jurisdiction or forum, leaving the applicable procedure variable.

Added July 10, 2026 Standard Seen across 206 platforms
Friendly negotiation or arbitration required before litigation Compare →

Litigation is conditioned on a prior negotiation or arbitration step, which may delay the reader's ability to access courts.

Added July 10, 2026 Standard Seen across 206 platforms
Prohibition on account transfer or sale to third parties Compare →

Account access can be ended by Webull at its sole discretion if the user violates the prohibition on transferring or selling the account.

Added July 10, 2026 Standard Seen across 265 platforms
User bears all liability for account actions Compare →

The reader is exposed to full liability for all account activity, regardless of whether they personally authorized or performed the action.

Added July 10, 2026 Standard Seen across 287 platforms
User obligation to pay litigation costs from misuse Compare →

The reader is financially exposed to litigation costs and damages if they use the Products outside permitted scope or breach the Terms.

Added July 10, 2026 Standard Seen across 229 platforms
Webull data not constituting financial or investment advice Compare →

Webull disclaims any advisory role, placing the full burden of investment suitability assessment on the reader.

Added July 10, 2026 Standard Seen across 287 platforms
Webull exclusive ownership of all IPR in Products Compare →

Users have no ownership interest in any intellectual property associated with the Products.

Added July 10, 2026 Standard Seen across 257 platforms
Webull retains proprietary rights over user accounts Compare →

The reader's continued access to their account is subject to Webull's absolute discretion, with no stated conditions or limitations on when that power may be exercised.

Added July 10, 2026 Standard Seen across 265 platforms
Webull right to modify Terms without advance notice Compare →

The reader is not entitled to prior warning before Terms change, and changes take effect subject only to Webull's sole discretion.

Added July 10, 2026 Standard Seen across 289 platforms
Webull right to suspend Products without explanation Compare →

The reader has no right to prior notice, stated reason, or explanation when Webull suspends a Product they rely on.

Added July 10, 2026 Standard Seen across 263 platforms