DISCLOSURES

Securities trading is offered to self-directed customers by Webull Financial LLC (“Webull Financial”), member SIPC, FINRA. All investments involve risk, including the possible loss of principal. You should consider your investment objectives carefully before investing. Webull Financial does not provide recommendations, investment advice, or solicit the purchase or sale of a security. More info: webull.com/policy.

“Commission-Free” & “Zero Commission”

Free trading of stocks, ETFs, and options refers to zero commission trading for self-directed securities trades in U.S. listed securities. Index Option Contract Fees, Regulatory Fees, Exchange Fees and other Fees may apply. Additionally, per-contract fees for oversized option orders may apply. More info: webull.com/pricing.

No Investment Advice; No Recommendations

No content provided by Webull Financial shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends. All customer trading is self-directed.

General Investment Risk

All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Fractional Shares

Engaging in fractional share trading poses unique risks and limitations. Fractional share positions are not transferable and may be illiquid outside of Webull Financial. Not all assets on Webull Financial are eligible for fractional share trading. For additional detail on fractional shares visit webull.com/fractional-shares.

Free Stock Promotions

Free stock offers are available to new users only. Complete terms and conditions available at webull.com.

Exchange Traded Funds (“ETFs”)

ETFs are subject to similar risk to those of their underlying securities, including, but not limited to, market, investment, sector, or industry risks, and those regarding short-selling and margin account maintenance. An ETF prospectus contains its investment objectives, risks, charges, expenses, and other important information, and should be read and carefully considered before investing. Securities trading is offered to self-directed customers by Webull Financial LLC, member SIPC, FINRA. All investments involve risk, including the possible loss of principal. You should consider your investment objectives carefully before investing. This is not a recommendation, investment advice, or a solicitation for the purchase or sale of a security. Additional info: webull.com/policy.

Complex ETFs

Inverse, leveraged, volatility-linked, and other types of ETFs are considered complex products and involve greater risk and typically have higher carrying costs.  It is important that investors understand the unique characteristics and risks associated with these securities. These products may not be suitable for buy-and-hold investors. In general, these types of ETFs reset daily and are not designed to track the underlying index or benchmark over a longer period of time.

Margin

Margin trading involves unique risks, including interest charges and the potential to lose more than deposited. Before trading with margin, you should determine whether this type of trading strategy is right for your specific investment objectives, experience, risk tolerance, and financial situation.  For more information please see Webull Financial’s Margin Disclosure Statement, Margin Agreement, Day Trading Risk Disclosure Statement and FINRA Investor Information. Additional info: webull.com/policy.

Day Trading

Day trading involves unique risks. Please consider Webull Financial’s Day Trading Risk Disclosure at webull.com/policy.

Over the Counter (“OTC”) Equity Securities

Trading in OTC equity securities carries a high degree of risk and may not be appropriate for all investors. OTC equity securities may be “thinly traded” or more illiquid than exchange-traded securities, which tends to increase price volatility and impair your ability to buy or sell within a reasonable period of time without adversely impacting execution price(s).

IRA Accounts

Webull Financial does not provide legal or tax advice. The information provided should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. Additional info: webull.com/policy.

Options

Options trading involves significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. Please read the Characteristics and Risks of Standardized Options (“ODD”), which can be found at webull.com/policy.

Account Protection: SIPC and Excess SIPC Coverage

Client securities accounts at Webull Financial LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000).

In addition, Webull offers clients Excess SIPC coverage based on the clearing arrangement:

For the purpose of determining a Webull Financial LLC covered account, accounts with like names and titles are combined, but accounts with different titles are not (e.g. Individual/John Doe and IRA/John Doe). Futures and other assets held outside the securities account are not covered. SIPC and Excess SIPC Protections do not protect against a loss in the market value of securities.

SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC and answers to frequently asked questions please refer to the following websites:

http://www.SIPC.org

https://www.finra.org/investors/have-problem/your-rights-under-sipc-protection

Recurring Investments

Recurring investments do not ensure a profit or guarantee against loss. Not all assets on Webull Financial are eligible for recurring investments. Recurring investments may result in a purchase of fractional shares.

Third Party Data

Market data, fundamentals data, and news are provided by third-party service providers, and Webull Financial is not involved in preparing or editing, nor does it explicitly or implicitly endorse or approve any data. The third-party service providers do not explicitly or implicitly endorse or approve the data of other third parties, nor do they give investment advice or advocate the purchase or sale of any security or investment. Webull Financial and third-party service providers do not guarantee the accuracy or reliability of any data. Webull Financial does not bear any legal liability to the user for any loss or damage arising from the delay, error, inaccuracy, or omission of any data. See the Webull Financial Data Disclaimer for more information.

Electronic Trading

Trading through an electronic trading or order routing system exposes you to unique risks. Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and more.

Community

The comments, opinions or any other information provided by users of the Community are not from Webull. They do not represent the opinion of Webull, nor should they be considered as investment advice or used as the basis for any investment decision.

Wefolio

Wefolios solely represent the views or opinions of the individual user providing such content and should not be considered a recommendation or solicitation of securities nor, does it reflect the views or opinions of Webull Financial, its parent, subsidiaries, or affiliates.

No Tax Advice

Webull Financial does not offer tax advice. Any integration with third-party tax software is provided for informational purposes only. For any questions about taxes, including how to file, you should contact a tax professional.

Advisory Accounts

Webull Advisors LLC (also known as “Webull Advisors”) is an Investment Advisor registered with and regulated by the Securities and Exchange Commission under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. Webull Advisors is not registered in any jurisdiction outside the United States. See important Terms of Use and our Privacy Policy Notice on our Forms and Agreements page. Trades in your Webull Advisors account are executed by Webull Financial LLC, a member of the Securities Investor Protection Corporation (SIPC). That means your assets are protected up to $500,000 in value, including $250,000 in any cash awaiting reinvestment.

For additional disclosures, visit webull.com/policy.

Money Market Funds

All investments involve risk. Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can view and download a prospectus by contacting customerservice@webull-us.com. Please read the prospectus carefully before investing. Learn More

Fixed Income / Bonds

Investments in fixed income comes with risks related to interest rates, credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors. Bond transactions are subject to a mark-up/mark-down which will impact the price you pay and the yield you receive. For more information on the risks and costs of fixed income investing, visit webull.com/policy.