Is my Webull HK brokerage account insured and protected?

Client funds of Webull Securities Limited are independently held in custody at Citibank and CMB Wing Lung Bank, as well as the Hongkong and Shanghai Banking Corporation Limited (HSBC), and are segregated from the funds of house funds of Webull Securities Limited.

Clients of Webull Securities Limited are protected by the Hong Kong Investor Compensation Fund*, which provides investment protection of up to HK$500,000 to investors who have suffered losses due to the default of an intermediary.

*The Investor Compensation Fund (the Fund) compensates investors who suffer a loss due to the default of an intermediary in relation to trading of products on Hong Kong Exchanges and Clearing Limited. The maximum amount of compensation is HK$500,000 per claimant for a single default. The defaulting intermediary must be licensed by or registered with the Securities and Futures Commission (SFC) for dealing in securities, futures contracts or securities margin financing. For defaults occurring on or after 1 January 2020, the Fund also covers investors’ losses in relation to securities traded on a stock market operated by the Shanghai Stock

Exchange or the Shenzhen Stock Exchange and in respect of which an order for sale or purchase is permitted to be routed through the northbound link of a Stock Connect arrangement (Stock Connect Securities).