Is Webull A Chinese Company?

In today’s whirlpool of brokers and platforms offering stock trading, finding a trustworthy online broker is a difficult task. The plethora of information makes it nearly impossible to distinguish between right and wrong and real and fake. Webull is an online platform created in 2017 that enables stock trading. Now before venturing into whether or not Webull is Chinese, let us explore more about the platform itself.   

What is Webull, and is it regulated?

Webull is a brokerage platform that enables you to trade stocks, options, and ETFs with no hidden charges involved. It is a commission-free company, which means one can trade stocks for free. The platform also offers excellent tools to get important information about future investments, comprehensive stock charts, watchlists, and many more.

Webull is registered with the Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), and Securities Investor Protection Corporation (SIPC). The company is also a member of NYSE, NASDAQ, and the CBOE EDGX. Hence, yes, Webull is regulated.

Is Webull Legit?

Like every individual investing their hard-earned money, you too want to find out if Webull is legit or not and what the risks are when investing with the company. Hence, Webull is entirely safe and also offers optimum protection for its investors.

• The platform is regulated, and we have already established that, so you can safely invest your funds with Webull.
• Another intriguing fact about Webull is that it partners with Apex Clearing, and Apex Clearing is a trusted clearing firm that ensures your money is at its best place.
• Webull also provides investor protection for $500,000 in securities with a $250,000 cash limit. Hence, depicting they follow the rules and regulations.
• Webull also uses a high level of data encryption to make sure your vital information and account are safe.

Is Webull a Chinese Company?

Webull is a subsidiary of the multinational company Fumi Technology, a Chinese company. The brokerage platform is primarily owned by Webull Financial LLC, headquartered in New York. The stakeholders of Funmi Technology include Xiaomi, Gopher Asset Management, Bojiang Capital, Hongdao Capital, and Shunwei Capital. So, no, Webull is not a Chinese company, even though its holding company is Chinese. Webull is headquartered and registered in New York; hence, it operates per US law.

Is Webull for you?

Wondering if Webull is for you? Here is what you need to know:

• Webull is best suited for young, new, and active traders. It is a perfect platform for people with small funds to invest as they have negligible commissions, which allows newbies to test strategies and learn how to trade actively.
• The platform has an easy-to-understand and use interface, making it an excellent tool for new traders who want to learn and trade with little funds.
• Webull is ideal for swing traders due to the options of tools it provides. Usually, swing traders are not bothered by small intraday fluctuations; instead, they are more analytical and have their concentration directed toward the charts. Webull is excellent at providing charts and assisting traders in booking profits.

Financial Takeaway!

It has been determined that Webull is not a Chinese company since it is regulated under US law. However, it is an outstanding stock and options trading and ETF platform. So if you are looking for a trustworthy online brokerage firm, look no further!