What happens to the shares I buy with Webull UK?

As described in our Client Agreement, Webull UK arrange safeguarding of client assets with Webull Securities (Australia) Pty. Ltd who in addition to providing custody services, also perform execution and settlement arrangements for clients of Webull UK. Webull Australia is regulated by the Australian Securities and Investments Commission (“ASIC”).

Webull Australia will be responsible for the safe custody of your assets. The regulations surrounding the safeguarding of assets may differ between Australia and the UK. While Webull UK has assessed that there are appropriate safeguards in place and assets are effectively protected under the rules set out in Part 7.8 of the Corporations Act 2001, these may differ from regulations in the UK.

In particular, you may not have access to the UK Financial Services Compensation Scheme for activities performed by Webull Australia, but may instead have a claim under insurance held by Webull Australia in accordance with s912B of the Corporations Act if assets have not been properly segregated.

Webull Australia holds US listed assets at Apex Clearing Corporation (Apex), based in the US. US protections under SIPC insurance will apply to assets held there.

- For further information, please refer to Customer Relationship Overview – Webull UK and AU