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The terms assert that all intellectual property associated with Webull's products and content is owned by Webull or its licensors, prohibit reverse engineering, decompilation, and unauthorized reproduction, and hold users liable for compensatory damages including court costs and attorneys' fees for violations.
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 establishes broad intellectual property protections across all product content and prohibits a range of user actions including reverse engineering, with personal financial liability for violations. Users who develop third-party integrations, screen-scrape data, or engage in research activities involving the platform should note the scope of this prohibition.
Under this clause, users are prohibited from copying, modifying, reverse engineering, or redistributing any Webull platform content or technology, and are personally liable for compensatory damages and legal costs if they do so. The prohibition applies to a broad range of content categories including market data interfaces, system architectures, and product designs.
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"The intellectual property rights ('IPR') associated with the Products, including, trademarks, patents, copyrights, trade secrets, proprietary technology from supporting hardware and software, and contents of Webull (including any pictures, archives, information materials, system architectures and product designs), are the exclusive proprietary rights of Webull or any other legal owner. No person may use, modify, copy, broadcast and transmit in public, recompose, disseminate, distribute, publish, reverse engineer, decompile or disassemble without authorization. The user understands that IPRs are critical to the success of Webull, and if the provisions of this section are violated, users will be liable to Webull or the appropriate affiliate for compensatory damages, including court costs and attorneys' fees.Excerpt from Webull's Customer Agreement
1) REGULATORY LANDSCAPE: Intellectual property provisions of this nature engage U.S. copyright law, the Computer Fraud and Abuse Act, and the Digital Millennium Copyright Act. Reverse engineering prohibitions may interact with applicable law in certain jurisdictions that permit reverse engineering for interoperability purposes. 2) GOVERNANCE EXPOSURE: Medium. The scope of the IPR prohibition, which extends to system architectures and product designs, is broad. The compensatory damages and attorneys' fees provision creates financial exposure for users or institutions that inadvertently exceed permitted use of platform content. 3) JURISDICTION FLAGS: EU and EEA jurisdictions have specific provisions under the Software Directive permitting reverse engineering for interoperability that may limit the enforceability of this clause for users in those regions. The document does not carve out these permitted activities. 4) CONTRACT AND VENDOR IMPLICATIONS: Developers and institutional users accessing Webull's Open API or building integrations should assess whether their activities fall within the scope of the IPR prohibition and whether written authorization has been obtained. The Open API product listed on Webull's platform implies the existence of supplemental developer terms that should be reviewed alongside this provision. 5) COMPLIANCE CONSIDERATIONS: Organizations using Webull's data or platform features in research, compliance monitoring, or analytical workflows should conduct a use-case review against the scope of the IPR prohibition to confirm activities are authorized.
This provision establishes broad intellectual property protections across all product content and prohibits a range of user actions including reverse engineering, with personal financial liability for violations. Users who develop third-party integrations, screen-scrape data, or engage in research activities involving the platform should note the scope of this prohibition.
Under this clause, users are prohibited from copying, modifying, reverse engineering, or redistributing any Webull platform content or technology, and are personally liable for compensatory damages and legal costs if they do so. The prohibition applies to a broad range of content categories including market data interfaces, system architectures, and product designs.
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