Webull collects a wide range of information about you including your name, address, Social Security number, financial account details, trading activity, device identifiers, location data, and browsing behavior on their platform.
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
The clause establishes the data collection requirements that Webull implements to satisfy regulatory compliance obligations under anti-money laundering laws. This defines the scope of personal information Webull is authorized to request and retain during the account application process.
This high-severity provision was replaced with a medium-severity 'Collection of Sensitive Financial and Identity Data' provision, effectively downgrading the severity classification of data collection practices.
View full change record →Your most sensitive financial and personal information is collected and stored by Webull, increasing the risk surface for data breaches and unauthorized use.
How other platforms handle this
"By clicking 'Next', you are indicating that you have read and agree to the TERMS OF USE AND PRIVACY POLICY"
We automatically collect certain information from your device, including information about your web browser, IP address, time zone, and some of the cookies that are installed on your device. Additionally, as you browse the Service, we collect information about the individual web pages or products th...
Location data. Data about your device's location, which can be either precise or imprecise. For example, we collect location data using Global Navigation Satellite System (GNSS) (e.g., GPS) and data about nearby cell towers and Wi-Fi hotspots. Location can also be inferred from a device's IP address...
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Webull has changed this document before.
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"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 Webull Privacy Policy
The scope of data collection implicates GLBA safeguards requirements, CCPA definitions of sensitive personal information, and potentially state biometric privacy laws if biometric data is collected. Risk teams should assess data minimization compliance.
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The clause establishes the data collection requirements that Webull implements to satisfy regulatory compliance obligations under anti-money laundering laws. This defines the scope of personal information Webull is authorized to request and retain during the account application process.
Your most sensitive financial and personal information is collected and stored by Webull, increasing the risk surface for data breaches and unauthorized use.
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