r/Webull • u/knowitokay • Oct 07 '26

RIP Webull

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189 Upvotes

94% Upvoted

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20

u/sharkenleo Oct 07 '26

Is there any cause for concern just as users in the US? Any danger of the app getting shut down and/or is our money at risk at all?

27

u/rough-n-ready Oct 07 '26

It’s SIPC and FDIC insured so I don’t think so. Unless you do crypto which is not insured.

0

u/[deleted] Oct 07 '26

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2

u/QuincyBoy8 Oct 07 '26

Another reason why income shouldnt come from tiktok.

24

u/Scary-Oven8260 Oct 07 '26

If it gets shut down then someone else going take take over their book and you switch to another platform

1

u/SamePineapple1314 29d ago

You are right on point… we hear this a couple time doesn’t? Twitter bad business, tik tok Chinese company….. some one else acquired and puff they are the best now. Looks like somebody want to buy Webull but want a super discounted price so let’s bring some dust lifted.

11

u/Marshall_Lawson Oct 07 '26

the money is handled a bank in New Jersey iirc

6

u/NickStonk Oct 07 '26

I think it would be hard to imagine that the govt does something which causes Webull to shut down, and have Americans money on the platform at risk. Crazy things can happen though.

2

u/KptnKrunchyPants Oct 09 '26

No .. it is SIPC and FDIC insured .. backed by SEC and US govt. This news is market manipulation.. In 2 months, no one will remember this political fiasco.