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The terms disclaim legal responsibility for losses arising from market data errors, delays, omissions, network malfunctions, device failures, exchange interruptions, force majeure events, and service suspensions or terminations, including those initiated by Webull without prior notice.
This analysis describes what Webull's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision places the full risk of trading losses attributable to market data inaccuracies, platform outages, and service suspensions on the user. For an active trading platform offering options, futures, and margin accounts, where execution timing and data accuracy are directly linked to financial outcomes, this disclaimer has direct operational significance for users making time-sensitive transactions.
Interpretive note: The enforceability of these disclaimers may be limited by applicable securities regulation and consumer protection law in certain jurisdictions; corporate agreements may assert broader exclusions than courts or regulators ultimately permit.
Under these clauses, a user who experiences trading losses as a result of market data errors, platform outages, or service suspensions initiated by Webull bears those losses without a contractual right to compensation from Webull. This disclaimer applies even to service interruptions caused by Webull's own system maintenance or termination decisions made without prior notice.
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"Webull and third-party data service providers do not guarantee the accuracy and reliability of any information that they provide. Webull does not bear any legal responsibility to the user for any loss or damage arising from a delay, error or omission of such market data. Webull is in no way responsible for any malfunction of the network and devices used by the user, or for any delay, suspension or interruption of the market data disseminated by securities exchanges or third-party service providers, even if resulting in information or record loss. Webull is not responsible for any service interruption or loss to the user resulting from a 'force majeure' or other circumstances beyond its control. Webull retains the right to suspend or terminate parts of or whole network services without prior notice to the user. Webull is not responsible for any loss arising from service interruption, suspension or termination.Excerpt from Webull's Customer Agreement
1) REGULATORY LANDSCAPE: The FTC Act's prohibition on unfair or deceptive practices may engage with broad liability disclaimers in consumer financial services contexts. FINRA rules impose obligations on broker-dealers regarding best execution and systems reliability that may operate independently of contractual disclaimers. The enforceability of liability disclaimers in securities trading contexts has been addressed in various judicial and regulatory contexts; applicable law may limit the degree to which these disclaimers insulate Webull from liability for failures attributable to its own operations. 2) GOVERNANCE EXPOSURE: Medium. Broad liability disclaimers for market data and service interruptions are common in financial data and trading platform agreements. However, the disclaimer's extension to losses from Webull's own service suspensions without prior notice, combined with the unrestricted suspension right asserted elsewhere in the agreement, creates a compounded exposure for users. 3) JURISDICTION FLAGS: California, EU/EEA, and UK consumer protection laws may limit the enforceability of blanket liability disclaimers in consumer contracts. For regulated brokerage accounts, FINRA and SEC obligations may impose duties of care that limit the practical effect of these disclaimers. 4) CONTRACT AND VENDOR IMPLICATIONS: Institutional and business users relying on Webull's platform for operational trading should assess whether these disclaimers are compatible with their fiduciary or best execution obligations. Vendor risk assessments should account for the absence of service level commitments or liability floors. 5) COMPLIANCE CONSIDERATIONS: Legal teams should assess whether the disclaimers in Sections 6.1 through 6.7 are consistent with obligations imposed on Webull Financial LLC and Webull Futures LLC by their respective regulators, and whether supplemental disclosures or account agreements for regulated services contain more specific liability terms.
This provision places the full risk of trading losses attributable to market data inaccuracies, platform outages, and service suspensions on the user. For an active trading platform offering options, futures, and margin accounts, where execution timing and data accuracy are directly linked to financial outcomes, this disclaimer has direct operational significance for users making time-sensitive transactions.
Under these clauses, a user who experiences trading losses as a result of market data errors, platform outages, or service suspensions initiated by Webull bears those losses without a contractual right to compensation from Webull. This disclaimer applies even to service interruptions caused by Webull's own system maintenance or termination decisions made without prior notice.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Webull.