What happens if a bank used by Webull UK goes into liquidation?

In the unlikely event of this happening, any losses would be shared by clients in proportion to the share of money held with the failed bank. Funds lost in this way may be compensated for under the Financial Services Compensation Scheme (FSCS) up to a limit of £120,000 per person, per institution, subject to other balances held with the bank in question. Webull uses only well capitalised banks which are subject to appropriate oversight and regulation to ensure they maintain sufficient reserves. In most cases, the banks themselves are regulated in the UK and subject to PRA rules about the capital they must hold.

Find out more about what the FSCS covers and who is eligible to claim at their website www.fscs.org.uk.