Webull launches retail brokerage in Australia
Webull Corporation has launched its retail brokerage services in Australia through licensed financial services trading firm Webull Securities (Australia) Pty. Ltd.
Webull Australia allows Australian residents to trade U.S.-listed equities, ETFs, options, and fractional shares, all at low commissions through the award-winning Webull app.
The Webull platform also makes available news, industry data and educational materials to provide investors with the tools needed to make informed investment decisions.
The Australian entity obtained the required Australian Financial Services License from ASIC, the country’s financial watchdog, in June 2022. Initially limited to U.S.-listed securities, Webull Australia’s offering is expected to expand by adding ASX and Cboe Australia products in the first half of 2023.
This will allow Webull Australia to offer local Australian securities to its user base. In 2023, the broker will add Hong Kong-listed securities to its product offering.
Webull launched operations in Hong Kong and Singapore
Bernard Teo, head of Webull’s Asia-Pacific operations, commented: “We are excited to start our business in Australia, which becomes our third market in the Asia-Pacific region following successful launches in Hong Kong last year and Singapore earlier this year. Webull’s trading platform has become very popular in the United States, Hong Kong, and Singapore, and we are confident that our offering of powerful trading tools within a convenient mobile format at low commissions will be equally appealing to Australia’s investors. This marks another exciting step in Webull’s mission to help global investors enjoy tech and enjoy investing.”
Rob Talevski, Chief Executive Officer of Webull Australia, added, “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 also offers crypto in the United States
Webull launched its trading platform in the United States in 2018. The SEC-registered broker-dealer and FINRA member allows U.S. residents to trade cryptocurrencies over the Webull platform through an arrangement with Apex Crypto LLC.
In 2021, Webull was the second most downloaded app among pure-play brokerages in the United States, according to mobile and data analytics firm App Annie.
Webull is also available in Hong Kong and Singapore through Webull entities licensed with the Securities and Futures Commission of Hong Kong and the Monetary Authority of Singapore, respectively.
