You may not notice changes to key provisions — including arbitration or fee terms — and will be bound by them simply by continuing to use the app.
Consumer impact
Webull's Terms of Service significantly affect consumers by requiring all disputes to be resolved through binding arbitration and waiving the right to participate in class action lawsuits, limiting users' legal recourse if Webull makes errors affecting their investments. Webull disclaims liability for trading losses, data inaccuracies, and platform outages, placing financial risk squarely on users. You can opt out of the arbitration clause by sending a written notice to Webull within 30 days of first agreeing to the Terms, as specified in the dispute resolution section.
What you can do
⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
Close Your Account
If you do not agree with updated Terms, you must stop using Webull's services and close your account. Access account settings or contact Webull customer support to initiate account closure before the new terms take effect.
Applicable agencies
Federal Trade Commission (ftc)
Oversees unfair or deceptive business practices and can investigate companies that mislead consumers about data collection, sharing, or use.
Who can file: Anyone affected by the company's practices (US or international)
What you need: Your account details, a timeline of relevant events, and a description of the specific issue
What to expect: Complaints inform FTC enforcement priorities and investigations but do not result in individual resolution or compensation