Webull enters the Singapore market. My initial review of Webull
By Market Observer • June 5, 2022
Photo by Chris Liverani / UnsplashThe stock brokerage business is a highly competitive one. This works to the advantage of retail investors. Let them fight among each other so that we can pick the best deal among them. I personally have accounts with several stock brokerages as each of them comes with its own strengths and they do not charge me account maintenance fees even if I do not use them to trade. There is no disadvantage in having more stock brokerage accounts.
Recently, a new stock broker entered the Singapore market. It is Webull.
Before I even think of signing up for a stockbroker, the first question I ask is whether it is regulated. I will not bother if it is not because it is not safe. Webull is licensed and regulated by the FINRA and SEC in USA, SFC in Hong Kong and MAS in Singapore.
Here's what I see on Webull's website,
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