Webull is a financial services company that provides a mobile app for stock trading. This trading platform provides commission-free trading of stocks, ETFs, and other assets.
Webull does not demand fees for its robust platforms and tools, or on minimum account balances. Webull’s margin rates are competitive. But the question is who owns Webull? Well, continue reading to know the answer to your query.
Who Owns Webull?
Wang Anquan, a former employee of Alibaba and Xiaomi, is the creator of Webull, the company’s primary stakeholder, along with other shareholders and co-founders. However, Information regarding investors, as well as the precise ownership structure, is kept private.
History of Webull
Webull was founded in 2017 by Wang Anquan. The first app of Webull was launched in 2018, one year after the foundation of the company. And launched their app in 2020 after SEC approval. Webull was developed to give investors an affordable and simple platform for trading equities, options, and cryptocurrency. The company’s user-friendly interface, commission-free trading, and sophisticated market data and research tools have helped it swiftly become well-liked among individual investors. New York City is home to its headquarters.
Who is the CEO of Webull now?
As of 2023, Anthony Denier is the CEO of Webull Financial. Webull’s CEO Anthony Denier has over 20 years of expertise in compliance, management operations, trading research, and sales in the U.S. He is a financial specialist. Anthony joined the international stock trading group at Credit Suisse. This group pioneered the then-current DMA (direct market access) and algorithmic trading technologies. He was later named vice president of ING’s New York-based equity trading branch. Most recently, he served as LXM Financial’s chief executive officer, expanding the broker’s operations into DMA customer trading and entering into chaperoning agreements with foreign brokers.
Is Webull Safe?
Yes, Webull is regarded as secure for private investors. A few causes for this:
Regulation: Webull is a member of the Financial Industry Regulatory Authority (FINRA), which contributes to the safety and security of customer accounts, and is a registered broker-dealer with the Securities and Exchange Commission (SEC).
Protection: The Securities Investor Protection Corporation (SIPC), which offers insurance for client accounts in the case of a broker-failure, dealer’s insures Webull’s clearing company, Apex Clearing.
Security: Modern security methods are used by Webull to protect customer data and payments, including two-factor authentication and encrypted data storage.
Many other users also claim in their Webull review that it is an entirely secure platform, but it’s always crucial to keep in mind that there is always some risk associated with the stock market, just like there is with any investment. Before making an investment decision, it’s critical to conduct thorough research, comprehend the investment, and consider speaking with a financial advisor.
Is Webull good for beginners?
Yes, Webull can be an excellent choice for beginners considering the stock market. A few causes can be found here:
Trading without commissions is available with Webull, which may be particularly appealing to beginners who are just starting and may need more capital to invest.
Webull is accessible to newcomers who may not have prior expertise with online trading platforms thanks to its user-friendly and simple-to-navigate design.
Market data and research tools are available through Webull, which can assist novice investors in making wise investing decisions. These tools include real-time stock quotations, news and analysis, and technical charts.
Webull does not have a minimum deposit requirement to open an account, making it available to newcomers who might not have much money to start with.
What country owns Webull?
Webull is a U.S.-based company. It was founded in the United States and has its headquarters in New York City. Anquan holds 35% of the Chinese holding company Fumi Technology, which is its parent company. Webull offers commission-free trading for individual investors in the U.S. and other countries.
Privacy Policy of Webull
The practices used by Webull for gathering, storing, and using customer information are described in the company’s privacy policy. The following major aspects are outlined in the policy, which is available on the Webull website:
When a customer creates an account, uses the platform, or contacts customer support, Webull records that information. Personal details like name, address, and contact details may also be included, along with financial data and trading activity history.
Webull uses client information for a range of purposes, such as customer support, observing legal obligations, and enhancing platform features and services.
In order to deliver the platform’s services, Webull may share client information with outside service providers, such as clearing houses and marketing partners. Additionally, the business might reveal client data in response to a court order or subpoena, among other legal requests.
Data security: To safeguard client data and thwart illegal access, Webull employs a number of security measures, including multi-factor authentication and encryption.
Before supplying personal information, it’s crucial to study the privacy statement of the organization to make sure you know how your data will be used and safeguarded.
Leave a Reply