Webull
| Private | |
| ISIN | 🆔 |
| Founded 📆 | April 2017 |
| Founders 👔 | Wang Anquan |
| Headquarters 🏙️ | , , U.S. |
Area served 🗺️ | United States, India, Brazil, Turkey, the Philippines, Malaysia, Japan, China, and Korea |
Key people | Anthony Denier, CEO Shen Lu, COO |
| Services | Stockbroker Electronic trading platform |
| 💎 AUM | Est. $30 billion[1] |
| Members | |
Number of employees | 150+ |
| Parent | Alibaba Group Holding Ltd. |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Webull Financial LLC (commonly known as Webull) is a Chinese financial services company headquartered on Wall Street in New York City.[2][3] The company offers a mobile app and website that offer people the ability to invest commission-free in stocks, options, ETFs, and crypto trading.[4] Webull operates a website and desktop and mobile apps for iPhone, Android, Apple, and Windows.[5] Being mobile-first, the company has no brick and mortar branches and operates entirely online.[6] By the end of August 2020, its total registered users exceed 11 million.[7]
Webull is registered with the U.S. Securities and Exchange Commission as a FINRA regulated broker-dealer and is a member of the Securities Investor Protection Corporation.[2] The typical Webull client is in their late 20s or early 30s and has about $3,200 in their account.[8]
Webull supports full extended hours trading, which includes full pre-market (4:00 AM - 9:30 AM ET) and after hours (4:00 PM - 8:00 PM ET) sessions.[9] The company has a live customer service hotline during trading hours.[8]
History[edit]
Webull, founded by Alibaba Group Holding Ltd. alum Wang Anquan, was able to increase its roster of brokerage clients by about tenfold in 2020.[8] Webull started and continues to grow during a period of time in which Chinese-owned financial companies face skepticism from the U.S. government.[10]
The company’s name is the combination of two words; "We" is derived from the Chinese character 微, which symbolizes community, group, and modesty; Bull is a reference to a successful environment. In the words of the CEO Anthony Denier, "Webull means employees and users, as one united community, humbly taking one step at a time, striving toward greater growth and success."[11]
Products[edit]
Webull currently supports individual brokerage accounts as well as traditional, Roth, and Rollover IRA accounts. Their service includes a comprehensive news cycle, real-time market data, and analytical tools free-of-charge.[12]benzinga
References[edit]
- ↑ "Webull Assets Under Management (AUM) in 2021". Brokerage Review.
- ↑ 2.0 2.1 "Webull Brokerage Review: A Great Mobile Option for Active Traders". The Motley Fool. December 1, 2020. Unknown parameter
|url-status=ignored (help) - ↑ "Got A Portfolio That Can't Be Beat? Webull Will Give You A Tesla Or Pay Down Your Student Loans If You Prove It". Yahoo Finance. October 4, 2019. Unknown parameter
|url-status=ignored (help) - ↑ "Webull Financial Launches Comprehensive Commission-free Stock Trading App". Unknown parameter
|url-status=ignored (help) - ↑ Christopher, Smith. "Webull vs. Robinhood: Which Investing App Is the Best?". 104.5 WOKV. Unknown parameter
|url-status=ignored (help) - ↑ "Webull | Who We Are". Webull. Unknown parameter
|url-status=ignored (help) - ↑ Michael Graw."Commission-free brokerage Webull launches desktop platform". TechRadar. August 20, 2020.
- ↑ 8.0 8.1 8.2 "Robinhood Is Losing Thousands of Traders to a China-Owned Rival". Bloomberg News. December 8, 2020. Unknown parameter
|url-status=ignored (help) - ↑ Hawk, Jay (November 20, 2020). "Webull Review". Benzinga. Unknown parameter
|url-status=ignored (help) - ↑ Massa, Annie; Robinson, Edward (December 21, 2020). "Robinhood's Role in the 'Gamification' of Investing". The Washington Post. Unknown parameter
|url-status=ignored (help) - ↑ "NO BULL! Broker-dealer Webull says commission-free is the way to be". New York Business Journal. Unknown parameter
|url-status=ignored (help) - ↑ "Webull Financial Overview". Webull Financial on LinkedIn. Retrieved January 1, 2021. Unknown parameter
|url-status=ignored (help)
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