Investing Simple Logo
Menu
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cari Scribner on January 11, 2022
Category: 
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

Is Webull FDIC/SIPC Insured?

Webull has grown to become a popular stock trading app among today's younger investors.

Through the app, you can trade stocks, options and even cryptocurrencies. However, you might be wondering if it is safe to invest with Webull.

In this article, we will be covering whether or not your assets are FDIC or SIPC insured with Webull. 

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood LogoGet 1 Free Fractional Share Worth $5 To $200Download
Webull LogoGet Up To 12 Free Fractional SharesDownload
Moomoo LogoGet 5 Free Stocks When You Deposit $100+Download
Acorns LogoGet A $20 Bonus When You Invest $5+Download

Is Webull SIPC Insured?

Yes! Webull Financial is a member of SIPC. 

Formed in 1970, the SIPC was created to step in and monitor the liquidation of broker-dealers in the event they:

  • Go bankrupt
  • Fall into financial stress
  • If the assets of their customers are tampered with

This protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. Webull is a member in good standing.

The coverage scope of SIPC protection is $500,000, which includes $250,000 coverage for cash.

Is Webull FDIC Insured?

The FDIC insures depositors who have money in United States bank accounts.

Since Webull does not offer any banking products, FDIC insurance would not apply here.

Webull Free Training Shortcode (#8)

Webull Free Training

We put together a free 30 minute video training that walks you through the entire process, step by step. This training will help you get up and running in no time at all.

GET THE GUIDE

Additional Insurance Through Apex Clearing

In addition to the SIPC insurance, Webull investors have additional insurance through their clearing house which is Apex.

Here's what it says about this additional insurance on the Webull website:

Our clearing firm, Apex Clearing, has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

When investing with Webull, you can rest assured knowing there is SIPC insurance in place. In addition, there is an additional insurance policy offered through their clearing house.

However, it is important to keep in mind that neither of these insure against potential losses incurred from investments. This is simply insurance in the event that your financial assets themselves are lost, such as stocks, bonds and ETFs.

Article written by Cari Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™
magnifiermenuchevron-downcross-circlechevron-down-circle

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram