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How does Webull Malaysia guarantee the safety of my funds?


Webull Malaysia is regulated by the by the Securities Commission Malaysia (SC) and holds a Capital Markets Services License (CMSL) under the Capital Markets and Services Act 2007. As such, Webull Malaysia must comply with the “Client Trust Monies” regulations; Webull Malaysia is only allowed to utilise these monies as per the clients’ instructions, for example, settling your trades, or to defray costs that was agreed or as stated, for example, taxation and brokerage fees, if any.


Under the same regulation, the trust account must be opened with specified financial institutions, for example, a bank licensed by the BNM under the Financial Services Act 2013. The bank is not allowed to exercise any right to set-off against the monies in this trust account for any debt owed by Webull Malaysia. Monies belonging to clients must be kept in this trust account for safekeeping, separate from all other monies belonging to Webull or for other purposes.


With the above safeguards in place, you can rest assure that your investment is in the safe hand.


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