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Abstract:Webull Corporation has begun offering retail brokerage services in Australia through the registered financial services trading business Webull Securities (Australia) Pty. Ltd.
Webull Australia provides Australian citizens with the ability to trade US-listed stocks, ETFs, options, and fractional shares at minimal fees through the award-winning Webull app.
The Webull platform also provides investors with news, industry data, and educational resources to help them make educated investment choices.
The Australian firm got the requisite Australian Financial Services License from ASIC, the country's financial authority, in June 2022. Webull Australia's offering, which was initially confined to US-listed securities, is planned to grow in the first half of 2023 by adding ASX and Cboe Australia products.
This will enable Webull Australia to provide local Australian securities to its customer base. In 2023, the broker will add Hong Kong-listed securities to its product offering.
Webull Singapore and Hong Kong
“We are thrilled to start our company in Australia, which marks our third market in the Asia-Pacific area after successful launches in Hong Kong last year and Singapore earlier this year,” said Bernard Teo, head of Webull's Asia-Pacific operations. Webull's trading platform has been highly popular in the United States, Hong Kong, and Singapore, and we are convinced that our provision of sophisticated trading capabilities inside a handy mobile format at low fees will be similarly enticing to Australia's clients. This is an important step forward in Webull's objective to assist global investors to enjoy both technology and investment.
“Australian investors should be extremely enthusiastic about Webull's entrance,” said Rob Talevski, Chief Executive Officer of Webull Australia. Australians like cutting-edge technology and are, by definition, global citizens. We are sure that Webull's mobile-first platform, which provides information, tools, and investment access to important worldwide markets, is a good match for the Australian market.
Webull cryptocurrency trading in the US
Webull established its trading platform in the United States in 2018. Through an agreement with Apex Crypto LLC, the SEC-registered broker-dealer and FINRA member allow US citizens to trade cryptocurrencies on the Webull platform.
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.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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