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Where To See GFV on Webull

Where To See GFVs on Webull

Webull has introduced the concept of a good-faith-violation (GFV) a few years ago to stop traders from placing orders with funds that are not fully settled in their accounts. However, finding out how many GFVs you actually have is not that easy! But after scouring the internet for a few hours I found this solution:

Go to your “Individual Section” – where you can see your total P&L – below “Unsettled Funds” click on the box that says “More”. To continue click on “Account Details” and then on “Risk Level” at the bottom of the page. There you will find all GFVs in the past 12 months.

I’ll go into much more in this post on how to find your GFVs on Webull and tell you all about what consequences such a good-faith-violation has. I also wrote how many GFVs you could actually get and how to avoid getting any in the future. Let’s dig in!

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How do I check my good faith violation on Webull?

All of your good faith violations can be found in the “Risk Level” section of your account. For some reason, Webull has made it incredibly hard to figure out how many GFVs you have and when they will expire.

Once you arrive at your “Risk Level” section you will see an overview of your GFVs over the past 12 months along with an explanation of the different risk factors that contribute to getting one.

Here are the exact steps to take to see your GFV on Webull:

  1. Go to your main P&L page (Individual Section)
  2. Click on “More” below the “unsettled funds” section
  3. Click on “Account Details”
  4. Click on “Risk Level”

And you would think this kind of information would be easily available through Webull’s customer service, but you’re wrong. In fact, much more information can be found on Reddit regarding Webull’s GFVs.

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What happens when you get a GFV on Webull?

The consequences of GFVs on Webull are in many cases not clearly defined. In general, the more GFVs your account incurs, the more your actions on Webull will be restricted. These restrictions range from a simple warning to not giving any more buying power to an account.

Here are the different consequences depending on the number of GFVs on Webull:

  • 1 GFV: You will receive a penalty called “Mark 1 GFV”. This essentially serves as a warning that if you perform the same action again within 12 months that leads to the first GFV your account will face restrictions.
  • 2-4 GFVs: Your account will be restricted to making purchases only with settled cash. This means that you buying power will equal your cash balance and Webull will not extend any kind of good-faith credit to you.
  • 5+ GFVs: Your account may be permanently restricted at the sole discretion of Webull. In some cases, Webull has even gone as far as closing and liquidating accounts for countless GFVs.

Another way to find out how your account is currently affected by restrictions is to liquidate your positions and pay close attention to your buying power. If your buying power does not increase immediately you are already facing restrictions from Webull.

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How many GFVs can you get?

There is technically no limit to how many GFVs you can get, however, after the fifth GFV your account may face some severe restrictions. Once your account is restricted to placing orders with settled funds only it essentially becomes impossible to incur more good-faith-violations.

So, for all intents and purposes, the maximum number of GFVs you can get on Webull is 5 at a time. Over longer periods of time your account may incur even more than 5 GFVs since each individual violation is waived after 12 months.

Fortunately, GFVs are quite easy to avoid on Webull. Let’s look at how!

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How do you avoid GFV?

To avoid getting a GFV only place trades with fully settled funds. It’s really that simple! This means that after liquidating a position you wait 2 additional days for funds to settle and show up in your cash balance.

Here are some additional tips for avoiding GFVs on Webull:

  • Check Your Cash Balance: The easiest way to avoid a GFV on Webul is to always have a close eye on your current cash balance. If you only buy using your available cash you will never incur a GFV.
  • Don’t Trust Buying Power: Don’t get distracted by the amount of buying power you currently have. If your buying power is higher than your cash balance this means that you are essentially trading on the goodwill of Webull.
  • Wait 2 Days: After liquidating trades, wait at least 2 days for all funds to settle. Once funds are settled and your cash balance has adjusted properly you can go ahead and place more orders.

While GFVs on Webull are annoying and lead to account restrictions they are fairly easy to avoid. Just follow the simple rules above and you should be fine!

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Conclusion

Good-Faith-Violations can be found in the Webull app and desktop version under the “Risk Level” section. When your account incurs more than one GFV you will only be able to place a buy order with fully settled funds. To avoid getting a GFV, only place trades with funds that are available in your cash balance.


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