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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
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.
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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Start Compliance free trial3 important changes detected
4 versions captured · Last updated: June 2026
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 …
View change record →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.
This new provision allows Webull to use user feedback and suggestions freely without confidentiality obligations, potentially limiting users' intellectual property protections for submitted ideas.
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.
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.
The two separate provisions (Mandatory Binding Arbitration and Class Action Waiver) were consolidated into a single combined provision with identical substantive requirements.
The provision was renamed to explicitly highlight the 'without notice' aspect and clarifies Webull's unilateral discretion and liability waiver for terminations.
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.
The provision was downgraded from high to medium severity and expanded to explicitly include third-party intellectual property and privacy rights violations.
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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