Company: Webull UK
Founder: Anquan Wang, CEO Nick Saunders
Website: https://www.webull-uk.com/
About Webull UK
Webull Corporation, the owner of the popular Webull trading platform, launched its retail brokerage services in the UK in July 2023. Webull UK enables users to trade U.S.-listed equities and fractional shares, all at low commissions through the award-winning app. The Webull platform also makes news, industry data, and educational materials available to provide investors with the tools needed to make informed investment decisions.
Challenges of launching in the UK market include: launching a brand that most UK customers were not familiar with, gaining market share within a crowded marketplace, and competing not only on price but on quality of service.
Webull’s impact on fintech in the UK is profound. It prides itself on democratising access to financial products, tools, and educational materials that are traditionally reserved for institutional investors. Webull’s innovative platform uses a variety of technologies to minimise friction on account opening and funding. By bringing together e-KYC and open banking, Webull accounts can be opened and funded within 2 minutes. Additionally, the trading platform’s front end offers app-based functionality, normally only seen in desktop-based applications, opening up investment tools for mobile use.
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