Users applying to open a trading account with a Webull affiliate are required to provide identity information including name, nationality, country of legal residence, government ID number, residential address, marital status, date of birth, and copies of identification documents and proof of address, in accordance with anti-money laundering obligations.
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 that opening a trading account requires submission of highly sensitive identity data, including government identification numbers and copies of identity documents, pursuant to AML regulatory obligations. The collection of this data creates significant data security and regulatory obligations for both Webull and its affiliates, and the data is subject to specific retention and access requirements under applicable financial regulations.
Establishes explicit legal basis for collection of extensive identity and residency data required for financial services compliance and AML/KYC regulations.
View full change record →Under this clause, trading account applicants are required to submit government-issued identity documents, identification numbers, residential addresses, and other sensitive personal data as a condition of opening an account. This data collection is disclosed as required by anti-money laundering laws applicable to the relevant affiliate.
Cross-platform context
See how other platforms handle Data Collection from Identity Verification and Anti-Money Laundering and similar clauses.
Compare across platforms →"Due to anti-money laundering obligations and in accordance with laws and regulations, when you apply to open a trading account with one of our affiliates, you may be asked to provide your identity information, including, as required by local regulatory requirements, name, nationality, country of legal residence, ID number, resident address, marital status, date of birth, and to provide a copy of your identification document and proof of address.Excerpt from Webull's Privacy Policy
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This provision establishes that opening a trading account requires submission of highly sensitive identity data, including government identification numbers and copies of identity documents, pursuant to AML regulatory obligations. The collection of this data creates significant data security and regulatory obligations for both Webull and its affiliates, and the data is subject to specific retention and access requirements under applicable …
Under this clause, trading account applicants are required to submit government-issued identity documents, identification numbers, residential addresses, and other sensitive personal data as a condition of opening an account. This data collection is disclosed as required by anti-money laundering laws applicable to the relevant affiliate.
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