Webull limits its financial responsibility for losses you might experience from using its platform, including lost investment profits, data loss, or trading errors, to the maximum extent the law allows.
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
If Webull's platform has an outage, technical error, or data problem that causes you to miss a trade or lose money, the agreement asserts that Webull is not responsible for those lost profits or consequential financial losses.
Interpretive note: The enforceability of this limitation may be constrained by applicable securities regulations, state consumer protection statutes, or judicial findings of unconscionability depending on jurisdiction.
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.
View full change record →Users who suffer financial losses due to platform outages, execution delays, or data errors may find that the agreement significantly limits their ability to recover those losses from Webull, though applicable securities regulations may independently provide remedies not waivable by contract.
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You will remain responsible for any amounts you fail to pay in connection with your subscription, including collection costs, bank overdraft fees, collection agency fees, reasonable attorneys' fees, and arbitration or court costs.
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"TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WEBULL, ITS AFFILIATES, DIRECTORS, EMPLOYEES, AGENTS, PARTNERS, SUPPLIERS, OR CONTENT PROVIDERS BE LIABLE UNDER CONTRACT, TORT, STRICT LIABILITY, NEGLIGENCE, OR ANY OTHER LEGAL OR EQUITABLE THEORY WITH RESPECT TO THE SERVICES FOR ANY LOST PROFITS, DATA LOSS, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE, COMPENSATORY, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER.— Excerpt from Webull's Webull Customer Agreement
REGULATORY LANDSCAPE: This provision engages general common law contract and tort principles, as well as SEC and FINRA rules governing broker-dealer execution obligations and best execution standards. FINRA Rule 5310 on best execution and SEC Regulation NMS impose obligations on broker-dealers that may provide independent remedies for execution failures regardless of contractual liability limitations. The FTC Act's prohibition on unfair or deceptive practices may be relevant if the limitation of liability clause is applied in a manner that leaves consumers without meaningful recourse for harms caused by Webull's own conduct. GOVERNANCE EXPOSURE: High. The exclusion of consequential, indirect, and punitive damages is standard in technology platform agreements, but is particularly significant in a brokerage context where the core value proposition to users is financial gain and loss management. Users experiencing execution failures during high-volatility periods may have significant consequential losses that are expressly excluded from Webull's liability under this clause. JURISDICTION FLAGS: Some states, including New Jersey and Massachusetts, have consumer protection statutes that may limit the enforceability of broad liability exclusions in consumer financial services contracts. EU and UK financial services regulations impose specific conduct-of-business obligations on authorized firms that may override contractual liability limitations in those jurisdictions. CONTRACT AND VENDOR IMPLICATIONS: B2B clients relying on Webull's data feeds or execution services should note that this limitation of liability applies broadly and may restrict recovery for business losses arising from platform failures. Procurement teams should assess whether separate service level agreements with defined remedies are available or necessary. COMPLIANCE CONSIDERATIONS: Legal teams should assess whether this limitation of liability clause is appropriately disclosed at account opening in compliance with FINRA and SEC customer disclosure requirements. Compliance teams should verify that Webull's execution error handling and complaint resolution procedures align with regulatory best execution obligations, which may provide remedies independent of this contractual limitation.
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If Webull's platform has an outage, technical error, or data problem that causes you to miss a trade or lose money, the agreement asserts that Webull is not responsible for those lost profits or consequential financial losses.
Users who suffer financial losses due to platform outages, execution delays, or data errors may find that the agreement significantly limits their ability to recover those losses from Webull, though applicable securities regulations may independently provide remedies not waivable by contract.
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