Webull Expands Retail Brokerage Services to Australia

Webull Corporation (Webull), the owner of the leading retail brokerage platform, Webull Financial LLC, continued growing its global presence with the introduction of its retail brokerage services in Australia.

Through Webull Securities (Australia) Pty. Ltd. (Webull Australia), Webull's Australian licensed unit, customers in the country now can trade US-listed equities, ETFs, options, and fractional shares though Webull app. Webull Australia has been granted the Australian Financial Services License from the Australian Securities and Investments Commission in June 2022.

Rob Talevski, Chief Executive Officer of Webull Australia, said: "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."

While its offering will initially be limited to US-listed instruments, Webull Australia plans to provide local Australian securities by securing participant membership to the ASX and Cboe Australia in the first half of 2023. Besides, the subsidiary is intended to offer Hong Kong-listed securities next year.

Webull has launched its operations 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," said Bernard Teo, head of Webull's Asia-Pacific operations.