SIPC and FDIC Insurance

How is my money protected at Webull?

Webull is a member of the Securities Investor Protection Corporation (SIPC), which provides coverage for customers of member brokerages if the firm fails financially. SIPC protects against the loss of securities and cash in brokerage accounts—up to $500,000 per account, including a $250,000 limit for cash.

SIPC coverage applies to:

• Stocks
• Bonds
• Mutual funds
• Treasury securities
• Certificates of deposit

SIPC coverage does not apply to:

• Commodities
• Currencies
• Contracts
• Futures and options on futures
• Investment vehicles not registered with the SEC (e.g., limited partnerships)

SIPC does not protect against declines in market value. For more information or to request a SIPC brochure, visit www.sipc.org or call (202) 371-8300.

Does Webull provide additional SIPC protection?

Yes. Webull maintains excess SIPC insurance through Lloyd’s of London, offering:

• An aggregate limit of $100,000,000.
• A cash sublimit per account of $1,900,000.
• No per-account limit for securities positions.

This applies to Webull Omnibus accounts only. Coverage does not extend to futures and options on futures.

How is SIPC protection applied across account types?

SIPC protection is determined by account registration type, with coverage applying separately to each eligible category:

• Individual account: Up to $500,000 (includes $250,000 for cash).
• Joint account: Each owner gets up to $500,000 separately.
• Entity account (e.g., corporate): Up to $500,000.
• Traditional IRA / Roth IRA / Rollover IRA: Each receives separate coverage up to $500,000.

What is Webull's Cash Management program and how does FDIC insurance apply?

Cash Management is available exclusively to Webull Omnibus account holders. Through this program, uninvested cash is swept into a network of partner banks and covered by FDIC insurance up to $5,000,000, with coverage limited to $250,000 per bank, including other deposits you may hold at that same bank in the same ownership capacity.

If you are not enrolled in the Cash Management program, your cash is protected under SIPC coverage only.

Which banks currently participate in the Cash Management program?

As of September 22nd, 2025, the following FDIC-insured banks are in the program:

• Webster Bank
• Dayspring Bank
• Keystone Bank
• Third Coast Bank
• Legacy Bank & Trust
• NexBank
• Banc of California
• TriState (IRA)
• CitiBank
• Lake Forest Bank & Trust
• Northbrook Bank & Trust
• Cross River
• State Bank of the Lakes, N.A.
• Barrington Bank & Trust Company, N.A.
• Wheaton Bank and Trust, N.A.
• Town Bank, N.A.
• Beverly Bank & Trust Company, N.A.
• Schaumburg Bank & Trust Company. N.A.
• Crystal Lake Bank & Trust Company, N.A.
• Village Bank & Trust, N.A.
• Libertyville Bank & Trust Company, N.A.
• Hinsdale Bank and Trust Company, N.A.

Webull may change the network of program banks at any time. If a change is made, you will be informed ahead of time.

What if my account is under Apex Clearing?

If your account is under Apex Clearing, Apex also maintains additional insurance to supplement SIPC protection, widely referred to as “excess SIPC”, with an aggregate firmwide limit of $150 million, subject to sub-limits for any one customer of $37.5 million for securities and $900,000 for cash. This additional insurance policy becomes available to securities customers if SIPC limits are exhausted.

How can I check what type of account arrangement I have?

To verify if your account is under Webull Omnibus or Apex Clearing, log in to the Webull app and navigate to: Help Center ➝ Menu ➝ Account Conversion Status

Who can I contact for more information?

If you have questions, please contact Webull through the in-app Help Center or call +1 (888) 828-0618, Monday through Friday, 8:00 AM to 5:00 PM ET.

For full terms and details, please refer to the Webull Financial Cash Management Program Terms.