Webull says the information on its platform is not investment advice and that users are responsible for their own investment decisions, including the risk of losing money.
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
Users who rely on market data, analyst ratings, or other content on Webull's platform for investment decisions should understand that Webull expressly disclaims responsibility for investment outcomes, placing full risk on the user.
Interpretive note: Whether specific platform features constitute recommendations subject to Regulation Best Interest depends on their design and presentation, and the disclaimer alone may not resolve that regulatory question.
Removal of this explicit investment disclaimer reduces Webull's protective language disclaiming investment advice liability and lowering expectations about risk warnings.
View full change record →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.
View full change record →Investors using Webull's research tools, news feeds, or analytical content do so at their own risk, as the agreement states this content does not constitute investment advice and Webull is not liable for investment losses resulting from reliance on platform information.
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"The information provided on the Services is for informational purposes only and should not be construed as investment advice. Webull does not provide investment advice. Any information available through the Services should not be used as a substitute for the advice of a licensed financial advisor. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results.Excerpt from Webull's Customer Agreement
REGULATORY LANDSCAPE: This provision engages SEC and FINRA regulations governing investment advice, including the distinction between broker-dealer execution services and registered investment adviser services under the Investment Advisers Act of 1940.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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Users who rely on market data, analyst ratings, or other content on Webull's platform for investment decisions should understand that Webull expressly disclaims responsibility for investment outcomes, placing full risk on the user.
Investors using Webull's research tools, news feeds, or analytical content do so at their own risk, as the agreement states this content does not constitute investment advice and Webull is not liable for investment losses resulting from reliance on platform information.
ConductAtlas has identified this type of provision across 287 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Webull.