Webull is not scam
The reason: Webull is considered reliable as it is regulated by the top-tier US regulator, called SEC.
See below the full list of regulators (country of clients - regulatory body):
- USA - Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
- Hong Kong, China - Hong Kong Securities and Futures Commission (SFC)
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Is Webull scam?
Other factors ensuring that Webull is not a scam
See whether Webull clients are entitled to investor protection in the event that Webull goes bankrupt:
| Webull investor protection | |
|---|---|
| Investor protection amount: | $500,000 (securities up to $500,000, cash up to $250,000) for US customers, and HKD 500,000 for securities and HKD 0 for cash in Hong Kong and China |
There are other factors you can check to make sure Webull is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. Check these factors below.
| 🌎 Country of origin | USA, Hong Kong and Macao |
| 📅 Foundation date | 2,017 |
| 🏛 Banking background | No |
| 📈 Listed on exchange | No |
| 🗺️ Broker ownership is transparent | No |
| 👔 Broker management is transparent | No |
| 📋 Read more | Check out the Webull review for 2023 |
Is Webull scam?
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