Some companies (for example, Wealthfront) have that phrasing in their ToS, but then when you actually try to opt out of arbitration, they threaten to close your

Some companies (for example, Wealthfront) have that phrasing in their ToS, but then when you actually try to opt out of arbitration, they threaten to close your account. This gives you a choice of using their service and not being able to sue, or being able to sue but not use their service.