 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 2016[1][2] |
| Founders | Wang Anquan[3] |
| Headquarters | |
Key people | Anthony Denier (President)[5] |
| Products | Electronic trading platform |
| Services | Stockbroker |
| Owner | Wang Anquan[6] General Atlantic[4] Coatue Management[4] Lightspeed Venture Partners[4] J. Rothschild Capital Management[4] Gopher Asset Management |
| Website | www |
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida.[7] It provides an electronic trading platform of the same name. The platform is accessible via its mobile app and through desktop and offers commission-free and low-cost trading of stocks, exchange traded funds (ETFs), options, margins, fixed income, cryptocurrency and futures.
Webull was founded in 2016 by Wang Anquan and began operations under Hunan Fumi Information Technology, a Chinese holding company.[8][9][10] Wang hired Anthony Denier as CEO of the U.S. Webull brokerage that same year. Hunan Fumi Information Technology received backing from Xiaomi, Shunwei Capital, and other private equity investors in China.[11]
In May 2017, Webull Financial LLC was established and, in January 2018, the Delaware-based LLC became a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC), FINRA, and all 53 states and territories within the United States.[12] In 2019, Webull Corporation was incorporated in the Cayman Islands to be the ultimate parent company of all Webull entities. In 2022, Webull further reorganized to move Hunan Fumi Information Technology outside of the group.[13][14]
- ^ "GameStop, AMC Trades to Resume at Chinese Online Brokers". Bloomberg News. January 29, 2021. Archived from the original on April 17, 2022. Retrieved January 31, 2021.
- ^ Wursthorn, Michael; Choi, Euirim (August 20, 2020). "Does Robinhood Make It Too Easy to Trade? From Free Stocks to Confetti". The Wall Street Journal. Archived from the original on December 12, 2023. Retrieved January 12, 2021.
- ^ Massa, Annie (December 10, 2020). "Webull is winning over traders from US rival". Australian Financial Review. Archived from the original on December 9, 2023. Retrieved January 13, 2021.
- ^ a b c d e "Archived copy". Archived from the original on February 28, 2024. Retrieved April 15, 2024.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "ON THE MOVE: Firstrade Appoints Don Montanaro; Webull Promotes Anthony Denier". January 16, 2024. Archived from the original on February 28, 2024. Retrieved April 11, 2024.
- ^ Massa, Annie (December 8, 2020). "Robinhood Is Losing Thousands of Traders to a China-Owned Rival". Bloomberg News. Archived from the original on April 1, 2023. Retrieved January 2, 2021.
- ^ "UNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549". www.sec.gov. Archived from the original on February 28, 2024. Retrieved May 2, 2024.
- ^ Zeldin, Lee (July 13, 2023). "Biden's financial regulators give China-backed brokers a hand, but who is surprised?". The Washington Times. Archived from the original on October 4, 2023. Retrieved September 23, 2023.
- ^ "Online brokerage Webull targets young Asian traders ahead of Nasdaq IPO". Yahoo Finance. Archived from the original on March 12, 2025. Retrieved March 17, 2025.
- ^ "Robinhood Is Losing Thousands of Day Traders to China-Owned Webull". Bloomberg Businessweek. December 8, 2020.
- ^ McGregor, Grady (February 2, 2021). "The Robinhood revolt was good for Webull, China's little-known trading app". Fortune. Archived from the original on June 1, 2023. Retrieved August 6, 2021.
- ^ Shicong, Dou (July 20, 2018). "Xiaomi Fintech Unit Fumi Technology Closes USD30 Million Round-B Funding". www.yicaiglobal.com. Retrieved March 17, 2025.
- ^ "Fumi Technology". Tech Behind Fintech. March 11, 2025. Retrieved March 17, 2025.
- ^ "Form S-1". www.sec.gov. Retrieved March 17, 2025.
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