Risk Disclosure:
Securities trading is offered to self-directed customers by Webull Financial LLC, a broker-dealer registered
with the U.S. Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial
Industry Regulatory Authority (FINRA), the Securities Investor Protection Corporation (SIPC), the New York
Stock Exchange (NYSE), Nasdaq, and Cboe EDGX.
Webull Financial LLC is also registered with the U.S. Commodity Futures Trading Commission (CFTC) as a futures
commission merchant and is a member of the National Futures Association (NFA). Futures and options on futures
trading involve substantial risk and are not suitable for all investors. Before trading futures products,
please read the Risk Disclosure Statement and other relevant futures disclosures available at
www.webull.com/fcm-disclosures.
Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).
Advisory accounts and services are offered by Webull Advisors LLC (“Webull Advisors”), an investment advisor
registered with and regulated by the U.S. Securities and Exchange Commission (SEC) under the Investment
Advisers Act of 1940. Registration does not imply a certain level of skill or training. Please refer to the
“Disclosures” page for more information. Transactions in your Webull Advisors account are executed by Webull
Financial LLC.
Account Protection: SIPC and Excess SIPC Coverage. Customer securities accounts at Webull Financial LLC are
protected by SIPC for up to $500,000 (including a $250,000 limit for cash). In addition, Webull provides
excess SIPC coverage through its clearing arrangements. For accounts carried by Apex Clearing, Webull
maintains an excess SIPC insurance policy underwritten by certain underwriters at Lloyd’s of London, providing
up to $100 million in securities and cash coverage per account, subject to a cash sub-limit of $1.9 million
per customer. Securities positions are not subject to a per-account limit. For fully disclosed accounts, Apex
has purchased additional insurance coverage with an aggregate limit of $150 million, with a per-customer limit
of $37.5 million for securities and $900,000 for cash. Accounts with the same name and registration will be
combined for coverage purposes, while accounts with different registrations will not (e.g., “Individual/John
Doe” vs. “IRA/John Doe”). Assets held outside of securities and futures accounts are not covered. SIPC and
excess SIPC protection do not cover losses in market value. SIPC is a nonprofit membership corporation funded
by its member broker-dealers. For more information, please visit:
(i)http://www.SIPC.org
(ii)
https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/investor-bulletin-sipc-protection-part-1-sipc-basics
Options trading involves significant risk and is not suitable for all investors. Options investors may rapidly
lose the value of their investment in a short period of time and may incur permanent losses by expiration.
Losses may exceed the initial deposit. You must complete an options trading application and be approved to
open an eligible account. Before trading options, please read “Characteristics and Risks of Standardized
Options.”
All investments involve risk, and not all risks are suitable for every investor. The value of securities may
fluctuate, and clients may lose more than their initial investment. Past performance of securities or
financial products does not guarantee future results or returns. Diversification may help spread risk but does
not ensure profit or protect against losses in declining markets. Investing in securities or other financial
products always involves the risk of loss. Investors should carefully consider their investment objectives and
risk tolerance before investing.
Diversification does not eliminate the risk of investment loss. Margin trading increases the risk of losses
and may result in forced liquidation if account equity falls below required levels. Not all account types are
eligible for margin trading. Margin privileges are subject to approval by Webull Financial LLC. Leveraged
trading carries a high level of risk and is not suitable for all investors. The higher the leverage, the
greater the potential loss in adverse market movements.
Investors should be aware that system response, execution price, speed, liquidity, market data, and account
access times may be affected by various factors, including market volatility, order size and type, and market
conditions.
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