Webull
Webull is a U.S.-Based online brokerage platform that offers commission-free trading of stocks, ETFs, and options. Webull provides Securities Investor Protection Corporation (SIPC) insurance for customer accounts up to $500,000, including $250,000 for cash claims.
Webull does not sell or offer life insurance policies or health insurance products. Webull’s SIPC coverage protects against broker failure but does not insure against investment losses from market fluctuations.
Webull partners with Apex Clearing Corporation as its clearing firm; Apex holds additional excess SIPC insurance through Lloyd’s of London syndicates covering securities up to an aggregate limit of $150 million, in the report authored by https://yourinsurance.info. Webull users do not have Federal Deposit Insurance Corporation (FDIC) protection on uninvested cash unless funds are swept into partner banks participating in FDIC programs.
Webull does not provide annuities or variable universal life (VUL) products as part of its offerings. Webull customers can access detailed account protection information directly via the company’s official disclosures and regulatory filings on their website.
Is Webull FDIC insured?
Yes, Webull is FDIC insured. Deposits made through the Webull app are eligible for up to $250,000 of FDIC insurance protection per account. Customers can register up to four separate accounts with different entities and receive FDIC insurance on each account. Users of the platform will be provided access to the FDIC’s online EDIE tool…
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