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Abstract:Webull marks its entry into the UK market, offering residents top-notch retail brokerage services. The company's move signifies an exciting expansion in Europe, promising innovative, low-cost investment opportunities for UK investors.
Webull, the creator of the illustrious trading platform, is spreading its wings further afield. Today, the corporation is all set to unveil its retail brokerage services in the United Kingdom, marking its first step into Europe. Residents of the UK will now have the privilege to trade U.S.-listed equities and fractional shares through Webull's award-winning platform. The ground-breaking mobile app features a treasure trove of industry news, data, and educational resources to empower investors in their decision-making process.
Anthony Denier, the US CEO of Webull, who manages the company's operations across America and Europe, shared his excitement about the new venture, “Our successful launches in Singapore, Australia, Japan, and Hong Kong over the past two years have primed us for this European debut. We acknowledge the unique requirements and expectations of each nation, yet we see immense potential in the UK market. We plan to expand our product portfolio rapidly to meet the needs of our British clientele. Our intuitive trading tools and mobile-friendly format have found favor in the U.S., Hong Kong, and Singapore, and we are certain of replicating the same success in the UK.”
Webull UK, the subsidiary facilitating this strategic move, obtained authorization from the Financial Conduct Authority (FCA) in October 2022. The past half-year saw a dedicated team being built, packed with local expertise, to ensure that the platform goes beyond meeting British expectations. While the initial offering is focused on U.S.-listed securities, Webull UK has plans to broaden its horizons swiftly, unlocking a world of global investment possibilities for retail investors.
Webull UK's CEO, Nick Saunders, commented on the changing face of the investment market. “In the past decade, we've seen the British public actively pursue low-cost investment opportunities both at home and abroad. At Webull, we leverage our global network and innovative approach to offer apt solutions for our clients. We're in the business of building on sustainable foundations to provide the products our customers desire. As a pure broker, our interests mirror those of our clients. Our mission is to equip them with the tools necessary for making informed global investment decisions.”
Webull has made a remarkable journey since its U.S. launch in 2018, through its SEC-registered broker-dealer and FINRA member subsidiary. By 2021, it ranked as the second most downloaded app among pure-play brokerages in the U.S., according to data analytics firm App Annie.
Webull is a frontrunner in the digital investment arena, constructed on a futuristic global infrastructure. With a user base of tens of millions spanning over 180 countries, Webull grants retail investors round-the-clock access to worldwide financial markets. Investors can leverage their strategies by trading in global stocks, ETFs, options, and fractional shares through Webull's trading platform, currently available in the United States, Hong Kong, Singapore, Australia, South Africa, Japan, and now, the UK.
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