Is Webull safe?

Safety summary

The available evidence supports a favourable assessment. Positive factors include a tier-one licence, segregated client money, a compensation scheme (SIPC up to $500,000, including $250,000 cash sublimit; additional Excess SIPC coverage) and audited accounts (Independent external auditors). Risk factors include no negative balance protection. Regulation can improve oversight and complaint options, but it does not prevent trading losses or guarantee that every dispute will be resolved.

Client money is held separately from the firm's own money, at Client cash/securities held under US broker-dealer custody and clearing arrangements. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

There is no negative balance protection. In a fast market a position can gap straight through your stop, and without this the resulting debt is legally yours - you can lose more than you deposited.

Covered by SIPC up to $500,000, including $250,000 cash sublimit; additional Excess SIPC coverage, which pays eligible clients up to its limit if the firm fails owing client money.

Regulatory coverage

Webull is connected with 3 recorded licences: SEC (tier one), FINRA (tier one) and CFTC/NFA (tier one).

View every licence

Client protections

Protections may include segregated client money and a compensation scheme (SIPC up to $500,000, including $250,000 cash sublimit; additional Excess SIPC coverage). They apply only where the account and client are eligible under the relevant entity and jurisdiction.

Official warnings

Licence concerns

Website verification

The recorded broker website is webull.com. Verify the domain through an official regulator register where possible and do not rely on links received through unsolicited messages.

Company history

Webull was established in 2017. No material change has yet been recorded on this profile.

Complaints and responses

View the complaints tab

The available evidence supports a favourable risk assessment for Webull. This assessment can change if licences, entities, warnings or broker operations change.