8 Total
3 High severity
4 Medium severity
1 Low severity
Summary

The Webull Customer Agreement establishes the terms governing use of Webull's trading platform, brokerage accounts, mobile applications, and market data services. The agreement requires parties to resolve disputes through individual arbitration rather than litigation or class action procedures. The agreement also establishes limitations on Webull's liability and authorizes account suspension or termination without prior notice under specified circumstances.

Technical / Legal Breakdown

This document governs use of Webull's financial trading platform, website, and associated services, establishing a contractual relationship under US law between users and Webull Financial LLC and its affiliated entities. The agreement states that users grant Webull a broad, royalty-free, perpetual, irrevocable license to use, reproduce, modify, and distribute any content or feedback they submit, and the terms authorize Webull to suspend or terminate accounts at its sole discretion without prior notice. The agreement asserts a comprehensive limitation of liability capping Webull's exposure to direct damages only, disclaims all implied warranties including fitness for purpose, and prohibits class action participation in favor of individual arbitration, which represents a significant restriction on users' legal recourse typical of fintech platforms but notable given Webull's role as a broker-dealer handling investment assets. The platform engages SEC and FINRA regulatory frameworks as a registered broker-dealer, and the arbitration and dispute resolution provisions may require evaluation under FINRA Rule 12200 governing customer arbitration, as well as applicable state consumer protection statutes in California and other jurisdictions. Users should note that applicable law, including certain FINRA investor protection rules and state consumer protection statutes, may constrain how broadly some of these asserted terms apply in practice.

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3 important changes detected

4 versions captured · Last updated: June 2026

June 19, 2026

unknown
What changed Webull updated their Webull Customer Agreement on June 19, 2026. Change detected: 1 sentence(s) modified. Document contained 106 sentences after update.
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What changed 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.
Why this matters 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.
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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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Recent Provision Changes Jun 19, 2026

Added (2)
Limitation of Liability High

This new high-severity provision provides comprehensive liability protection for Webull across multiple legal theories and excludes recovery for significant damages including lost profits and data loss.

Broad Content and Feedback License Grant Low

This new provision allows Webull to use user feedback and suggestions freely without confidentiality obligations, potentially limiting users' intellectual property protections for submitted ideas.

Removed (2)
Intellectual Property Rights

The removal of a dedicated Intellectual Property Rights provision may reduce clarity regarding users' and Webull's IP protections, though some IP protections were incorporated into the new feedback license provision.

Electronic Communications Consent

The removal of explicit Electronic Communications Consent provision may affect users' ability to opt out of digital communications, though this may be addressed through other means.

Modified (6)
Mandatory Individual Arbitration and Class Action Waiver

The two separate provisions (Mandatory Binding Arbitration and Class Action Waiver) were consolidated into a single combined provision with identical substantive requirements.

Account Suspension and Termination Without Notice

The provision was renamed to explicitly highlight the 'without notice' aspect and clarifies Webull's unilateral discretion and liability waiver for terminations.

Unilateral Right to Modify Terms

The provision now explicitly specifies the method of notification (updating the date at the top of Terms) and explicitly states users waive the right to receive specific notice of changes.

Indemnification by Users

The provision was downgraded from high to medium severity and expanded to explicitly include third-party intellectual property and privacy rights violations.

Investment Risk and No Investment Advice Disclaimer

The provision was renamed to 'Investment Risk and No Investment Advice Disclaimer' and expanded with explicit language that Webull does not provide investment advice and warnings about past performance.

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High — 3 provisions
Medium — 4 provisions
Low — 1 provision

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Cross-platform context

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Mapped Governance Frameworks

EFTA / Reg E
United States Federal
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FAA
United States Federal
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FTC Act Section 5
United States Federal
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Archival ProvenanceSource & Archival Record
Last Captured June 19, 2026 00:07 UTC
Capture Method Automated scheduled archival capture
Document ID CA-D-000056
Version ID CA-V-004005
SHA-256 abac580ca0be38cacf063a60f3123c29e2c30b9199ba30e008d5588feb654c05
✓ Snapshot stored ✓ Text extracted ✓ Change verified ✓ Hash verified

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