Is Webull FDIC insured?
Is Webull FDIC Insured? The FDIC insures depositors who have money in United States bank accounts. Since Webull does not offer any banking products, FDIC insurance would not apply here.
Can Webull be trusted?
Webull is definitely a legitimate, rising star among broker companies — providing an easy-to-use trading platform, plenty of different fundamental and technical analysis tools, and a wide variety of stock market assets.
Is Webull US regulated?
Webull Financial LLC is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Is Webull controlled by China?
The Webull platform is owned by Webull Financial LLC which is headquartered in New York. Its parent company is Fumi Technology, a Chinese holding company of which Anquan owns 35%. The other stakeholders in Fumi Technology include Xiaomi, Shunwei Capital, Hongdao Capital, Bojiang Capital, and Gopher Asset Management.
Does the Chinese government own Webull?
Webull is a Chinese-owned company. Specifically, it is owned by Fumi Technology, a Chinese holding company.
Is Webull SEC approved?
Its U.S.-based subsidiary, Webull Financial LLC, is a security broker registered with the U.S. Securities and Exchange Commission and a member of FINRA and SIPC, offering trading services to customers in the U.S. It also has licensed subsidiaries offering trading services in Hong Kong and Singapore.
Is Webull regulated by FINRA?
Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).
Is Webull a US broker?
Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC. Webull provides commission-free US stock, ETF, and options trading with no inactivity fees. The account opening is seamless, fully digital and really fast.