How To Delete Your Webull Account In 2024
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By Unzila Siddique
Unzila Siddique
See author profileHi, I'm a part time content writer and full time SEO dabbling in the world of cybersecurity, one step at a time.
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4 April 2024
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7 mins read
Webull is a popular investment platform that allows users to trade stocks, options, and other financial instruments. However, if you're no longer interested in using Webull, you may want to delete your account.
In this blog, we will walk you through the steps on how to permanently close your Webull account as well as how you can manage your online activity with the help of PurePrivacy.
What Is Webull?
Webull is a banking services provider that provides an internet-based investment broking marketplace. Here’s an explanation:
- Business Category: It is a Financial services organization (broker-dealer, in particular).
- Assistance: Offers a web-based and smartphone trading site for options, shares, margin accounts, exchange-traded funds (ETFs), and even cryptocurrency trading at no cost or fee (in certain areas).
With 20 million registered customers worldwide, Webull offers consumers all the time participation in international stock markets. With Webull's trading platform, you can trade international assets, ETFs (Exchange Traded Funds), alternatives, and partial shares to put their investment tactics into practice.
How Does Webull Make Money?
Webull is renowned for offering free commission trading, but you may be wondering how it generates revenue. Like many other brokers, their creative uses for different sources of revenue hold the answer to the solution. Here, we examine the four primary revenue sources that Webull produces:
Credit Interest
This is applied to customers who take funds from Webull for margin trading. There is a charge applied to the sum of money loaned.
Stocks Lending Charges
Customers may lend shares for fees to temporary traders through Webull. These short sellers lend their shares to Webull in return for a commission.
Order Flow Payment
Webull forwards the order with the market makers for execution after you initiate a trade. Using this offering, Webull can get a little compensation from the market creator.
Interest on Cash Balances
You will receive money on any cash that has not been invested in your Webull account. Webull may make more money by giving this money to other parties even though they are paying you this interest.
How to Delete Account from Webull
Both our website (www.webull.com) and mobile app allow you to delete your trading account. Typically, it takes one to three business days to finish.
Via Mobile App
- First, open your Webull app on your smartphone. Then on your profile page tap on the “Settings” option.
- Then another page will open tap on the Account & Security option.
- After that page of Personal Information will be opened. Tap on the Delete Account option.
Via Website
- Go to the Webull website link and log in to your account then click on the “Manage My Account” option under the My Account page.
- Once you click on that, click on the Delete Account option which is located on the right side of the screen.
That's it, you have successfully deleted your account from Webull.
Can I Trust Webull With My Social Security Number?
Yes, you can rely on Webull when it comes to your SSN (Social Security Number). Webull protects your data with the best encryption available. Furthermore, as per the company's privacy policy, personal data, including Social Security numbers, are only shared with outside analytics firms like Google Analytics.
Webull does point out that a different corporation will get its data resources, such as customer details if it is acquired by a different company. The policy also acts as an alert to customers that no business is completely safe from data breaches.
But considering all of this, they can assure you that Webull, like any other investment company, will safeguard your Social Security number.
Frequently Asked Questions (FAQs)
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Is it possible for me to reset my Webull account?
If you have forgotten the answers to your security questions, select "Reset Now" under the "Submit" button. Following the submission of the necessary documentation, a member of the staff will examine it and send you an email with a reset link.
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Is it safe to use Webull?
Webull is one of the safest investment firms that exists. It is supported by reputable authorities and guaranteed by some of the world's top businesses. Furthermore, security measures like encryption and two-factor authentication are offered by the software itself.
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What happens if my Webull account is deleted?
Please take note that when closing your account, you will lose accessibility to the services and the ability to use the trading platform to complete any transactions.
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What is Webull's stop limit?
A stop limit order functions similarly to a stop order, with the exception that it becomes a limit order when it triggers. When creating a stop limit order, you enter two prices: a stop price and a limit price. Once the stock has moved at or through the stop price, the order is activated and turns into a limit order.
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Simplify your online presence today
With PurePrivacy, make sure all your personal data remains safe without a hassle!
Taking Control of Your Webull’s Account and Online Privacy
We've covered everything you need to know about deleting your Webull account, from understanding Webull's business model to a step-by-step guide for both the mobile app and website.
For an extra layer of online security, consider using PurePrivacy. This tool helps manage your online presence by identifying security risks and recommending improvements for your social media accounts.
We hope this comprehensive guide has empowered you to make informed decisions about your Webull account and online privacy.
