Webull now extends its low-commission trading to UK residents.
The platform's expansion follows its success in several other global markets.
The US-based
Webull platform targeting retail traders has set its sights on the United
Kingdom after launching branches in Singapore, Hong Kong and Australia. Webull
Corporation has officially started its retail brokerage services under Financial
Conduct Authority's (FCA) supervision.
British
residents can now trade US-listed equities and fractional shares via Webull's
app. However, for the broker, it may be an opportunity to gain
customers in a market that is larger than the US one in several respects.
Webull Extends Its Global
Expansion into Europe
The
introduction of Webull's services in the UK represents the company's first
venture into Europe, building on its track record of successful launches in the
APAC region over the past two years. The entry into the UK comes seven months
after Webull launched its branch in Australia. Earlier in 2022, the US company appeared
in Singapore, and in 2021 it began offering its services to customers in Hong Kong.
Anthony
Denier, the US CEO of Webull who is overseeing operations in America and Europe,
expressed confidence in the UK market's potential and anticipated expanding
their product offerings to cater for British clients.
"We
are confident that the powerful trading tools and simple mobile format will
prove attractive in the UK. We are sure our new clients will enjoy tech and
enjoy investing," Denier commented.
Webull UK
received authorization from the FCA in October 2022 and has spent the last months
recruiting a team with local experience. The company will offer US-listed
securities, but it plans to extend this offering by opening up new investment
opportunities for regional retail investors.
Several
months ago, the platform's popularity drew the attention of fraudsters who
attempted to clone it. The Belgian supervisory commission issued a warning
about this in February.
UK Has More Retail Traders than US?
Webull's move may not be a coincidence. According to recent data from
Investment Trends, the number of active retail investors in major jurisdictions
has been falling recently. In the United States, the decline was 24%. Despite the slump in the number of active investors in the UK was greater than in the US (25% vs 24%), the overall US active clients base in the contracts for
difference (CFDs) and forex (FX) markets is still visibly bigger.
Investment Trends reports that 205,000 people in the UK were actively trading in these
markets in May 2022, while there were only 175,000 people in the United States. The UK is one
of the most developed financial markets in the world, so an appearance there
could allow Webull to expand its existing user base significantly.
Source: Investment Trends
Analyzing
the other jurisdictions in which Webull operates, we note that they are
also large concentrations of active FX/CFD traders. There were 43,000 traders in
Singapore in September 2022, and in Australia 81,000 was present in November 2022. In Hong
Kong, the figure reached 185,000 in 2021.
CEO Talks about
Revolutionizing the Investment Market
Nick
Saunders, the CEO of the newly launched Webull UK, acknowledged the evolving
nature of the investment market.
"The
British public is now actively seeking low-cost investment opportunities
domestically and in markets outside the UK. Webull's strength is in our global
network and innovative mindset," he added.
Saunders
assures that Webull is dedicated to finding the right solution for its clients,
promising to build on sustainable foundations to meet customer needs.
However,
this does not change the fact that the company has a few minor sins against its
name. In March, the Financial Industry Regulatory Authority (FINRA) imposed a fine of $3 million on the securities broker for onboarding unqualified options
traders between December 2019 and July 2021. Webull Corporation failed to
perform reasonable due diligence prior to accepting these options traders and
did not maintain an appropriately designed supervisory system to register and
respond to customer complaints.
The US-based
Webull platform targeting retail traders has set its sights on the United
Kingdom after launching branches in Singapore, Hong Kong and Australia. Webull
Corporation has officially started its retail brokerage services under Financial
Conduct Authority's (FCA) supervision.
British
residents can now trade US-listed equities and fractional shares via Webull's
app. However, for the broker, it may be an opportunity to gain
customers in a market that is larger than the US one in several respects.
Webull Extends Its Global
Expansion into Europe
The
introduction of Webull's services in the UK represents the company's first
venture into Europe, building on its track record of successful launches in the
APAC region over the past two years. The entry into the UK comes seven months
after Webull launched its branch in Australia. Earlier in 2022, the US company appeared
in Singapore, and in 2021 it began offering its services to customers in Hong Kong.
Anthony
Denier, the US CEO of Webull who is overseeing operations in America and Europe,
expressed confidence in the UK market's potential and anticipated expanding
their product offerings to cater for British clients.
"We
are confident that the powerful trading tools and simple mobile format will
prove attractive in the UK. We are sure our new clients will enjoy tech and
enjoy investing," Denier commented.
Webull UK
received authorization from the FCA in October 2022 and has spent the last months
recruiting a team with local experience. The company will offer US-listed
securities, but it plans to extend this offering by opening up new investment
opportunities for regional retail investors.
Several
months ago, the platform's popularity drew the attention of fraudsters who
attempted to clone it. The Belgian supervisory commission issued a warning
about this in February.
UK Has More Retail Traders than US?
Webull's move may not be a coincidence. According to recent data from
Investment Trends, the number of active retail investors in major jurisdictions
has been falling recently. In the United States, the decline was 24%. Despite the slump in the number of active investors in the UK was greater than in the US (25% vs 24%), the overall US active clients base in the contracts for
difference (CFDs) and forex (FX) markets is still visibly bigger.
Investment Trends reports that 205,000 people in the UK were actively trading in these
markets in May 2022, while there were only 175,000 people in the United States. The UK is one
of the most developed financial markets in the world, so an appearance there
could allow Webull to expand its existing user base significantly.
Source: Investment Trends
Analyzing
the other jurisdictions in which Webull operates, we note that they are
also large concentrations of active FX/CFD traders. There were 43,000 traders in
Singapore in September 2022, and in Australia 81,000 was present in November 2022. In Hong
Kong, the figure reached 185,000 in 2021.
CEO Talks about
Revolutionizing the Investment Market
Nick
Saunders, the CEO of the newly launched Webull UK, acknowledged the evolving
nature of the investment market.
"The
British public is now actively seeking low-cost investment opportunities
domestically and in markets outside the UK. Webull's strength is in our global
network and innovative mindset," he added.
Saunders
assures that Webull is dedicated to finding the right solution for its clients,
promising to build on sustainable foundations to meet customer needs.
However,
this does not change the fact that the company has a few minor sins against its
name. In March, the Financial Industry Regulatory Authority (FINRA) imposed a fine of $3 million on the securities broker for onboarding unqualified options
traders between December 2019 and July 2021. Webull Corporation failed to
perform reasonable due diligence prior to accepting these options traders and
did not maintain an appropriately designed supervisory system to register and
respond to customer complaints.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
iFOREX Adds Saudi and South Korean Equity CFDs as IPO Is Delayed
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
