Is Webull FDIC Insured?

The safety of their money is one of the main things people worry about when they invest. As things keep changing in the financial world, a lot of investors are turning to trading platforms like Webull. But an important question comes up: Is Webull FDIC insured? If you’ve ever wondered this then you’ve come to the right place. Keep reading to find out more. Understanding what FDIC insurance is: People who have money in commercial banks and savings institutions in the US are protected by deposit insurance through the Federal Deposit Insurance Corporation (FDIC). The FDIC is a separate government agency. Depositors are protected by this insurance because it pays for the loss of their insured deposits if an FDIC-insured bank fails. Coverage Limit: Each depositor is protected up to $250,000 per insured bank.