Webull opens a retail brokerage in Australia
Australian citizens can trade U.S.-listed stocks, ETFs, options, and fractional shares at minimal commissions with Webull Australia’s award-winning Webull app.
In order to give investors the resources they need to make wise investing decisions, the Webull platform also makes news, industry statistics, and instructional materials available.
In June 2022, the Australian organization received the necessary Australian Financial Services License from ASIC, the nation’s financial regulator. Webull Australia’s offering, which was previously restricted to U.S.-listed securities, is anticipated to grow in the first half of 2023 with the addition of ASX and Cboe Australia products.
This will enable Webull Australia to provide its user base with local Australian securities. The broker will expand its product line in 2023 to include securities that are listed in Hong Kong.
Webull began operations in Singapore and Hong Kong.
Webull’s chief of operations in the Asia-Pacific area, Bernard Teo, stated: “Australian investors should be very excited about Webull’s arrival. Australians love cutting-edge technologies and are by their nature internationally focused. We are confident that Webull’s mobile-first platform providing information, tools, and investment access to key global markets is an excellent fit for the Australian market.”
Webull Australia’s CEO, Rob Talevski, continued, “Australian investors should be very excited about Webull’s arrival. Australians love cutting-edge technologies and are by their nature internationally focused. We are confident that Webull’s mobile-first platform providing information, tools, and investment access to key global markets is an excellent fit for the Australian market.”
2018 saw the introduction of Webull’s trading platform in the US. U.S. citizens may trade cryptocurrencies on the Webull platform thanks to a partnership between the SEC-registered broker-dealer and FINRA member and Apex Crypto LLC.
According to mobile and data analytics company App Annie, Webull was the second most downloaded app among pure-play brokerages in the United States in 2021.
Through Webull firms that have been granted licenses by the Securities and Futures Commission of Hong Kong and the Monetary Authority of Singapore, respectively, Webull is also accessible in Hong Kong and Singapore.
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