Any legal disputes not sent to arbitration must be handled in New York courts under New York law, regardless of where you live.
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 you live outside New York and need to litigate a dispute that is exempt from arbitration, you would need to do so in New York, which adds cost and complexity for users in other states.
Interpretive note: Enforceability of the forum selection clause may be limited for consumers in states with statutory protections against mandatory out-of-state venue, particularly California.
Removal of fixed New York jurisdiction allows disputes to be resolved in courts 'where Webull is registered,' giving Webull forum selection flexibility and potentially reducing users' litigation accessibility.
View full change record →The provision now includes explicit language clarifying that non-arbitrable claims must be filed in New York courts and users irrevocably consent to personal jurisdiction and venue.
View full change record →Non-New York residents who pursue a court action against Webull for matters outside arbitration's scope must do so in New York state or federal courts, which may be impractical and costly for most retail investors.
How other platforms handle this
In the EU and EEA, the choice of Texas governing law shall not apply only where a mandatory consumer protection law explicitly prohibits such choice of law provisions.
For any claims that are not subject to arbitration...U.S. Residents: Delaware law; venue exclusively in the state or federal courts in New Castle County, Delaware
These Terms are governed by the laws of the State of California and the United States without regard to conflicts of laws provisions
"These Terms shall be governed by the laws of the State of New York, without regard to its conflict of law provisions. You agree that any action at law or in equity arising out of or relating to these Terms that is not subject to arbitration shall be filed only in the state or federal courts located in New York County, New York, and you hereby irrevocably consent and submit to personal jurisdiction and venue of such courts for the purpose of litigating any such action.Excerpt from Webull's Customer Agreement
REGULATORY LANDSCAPE: New York governing law is standard for financial services firms headquartered or incorporated in New York.
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If you live outside New York and need to litigate a dispute that is exempt from arbitration, you would need to do so in New York, which adds cost and complexity for users in other states.
Non-New York residents who pursue a court action against Webull for matters outside arbitration's scope must do so in New York state or federal courts, which may be impractical and costly for most retail investors.
ConductAtlas has identified this type of provision across 267 platforms. See the full comparison.
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