Webull has expanded its operations into the Indonesian market, aiming to take advantage of the growing number of investors in the region.。Over the past seven years, the trading platform has expanded globally into countries such as Singapore, Australia, South Africa, the UK and Japan.。

Bernard Teo, Head of Asia Pacific at Webull, said: "After successfully launching Webull applications in Singapore, Australia, South Africa, the UK and Japan over the past two years, we have entered the Indonesian market.。Despite the different needs and preferences of countries, we are confident of Indonesia's great potential.。"

Webull Plan: Continued Global Expansion

In July, Webull expanded into the UK under the supervision of the Financial Conduct Authority (FCA).。The US-based retail trading platform currently offers US-listed shares and fractional shares to UK users through its Webull app.。

During the launch of the service, Webull CEO Anthony Denier expressed confidence in the UK market, and he hinted that more products would be tailored for UK customers.。

In addition, following the launch of retail brokerage services in Australia last year, Webull has expanded its business to the Asia-Pacific region.。This marks Webull's third market launch in the Asia-Pacific region, following successful forays into Hong Kong and Singapore.。

Webull Target Client: Low Commission Traders

Webull, through its subsidiary Webull Securities (Australia) Pty.Limited's access to the Australian market through an Australian financial services license will introduce Australian residents to the platform's low commission trading and digital investment opportunities.。

Since entering the U.S. in 2018, Webull has expanded its product range through strategic partnerships.。In the US, it teamed up with Apex Crypto LLC to offer cryptocurrency trading capabilities。In addition, the platform has partnered with Cboe Global Markets to offer new trading options to its US user base.。

However, the platform's global expansion has not been without challenges.。In March, the Financial Industry Regulatory Authority fined Webull a hefty $3 million for major omissions in its operations.。Webull accepted ineligible options traders between December 2019 and July 2021, the regulator said.。