Webull Corp., owner of the Webull trading platform, has announced its entry into the Brazilian market.
The launch of the platform in Brazil is an important step in the company's quest for global expansion. Webull already has operations in the US, UK, Canada, South Africa, Hong Kong, Singapore, Australia, Japan, and Indonesia.
Webull will provide Brazilian residents with access to innovative methods of investing in stocks, ETFs, and other assets available in the US market, WikiFX reported.
The Webull Brazil platform provides easy and direct access to US markets, providing users with extensive functionality for effective decision-making. To strengthen and provide a direct link to its clients, Webull has opened an office in São Paulo, Brazil, offering professional staff and support in Portuguese.
"Our entry into the Brazilian market follows the successful launch of the Webull platform in a number of global markets over the past three years. With a latent market interested in investing overseas, we have designed the Brazilian Webull platform with the needs and preferences of Brazilian retail investors who will use our application in mind. We are confident in Brazil's significant potential and look forward to expanding our product offering to meet the needs of Brazilian investors," said Ruben Guerrero, CEO of Webull Brazil and Head of Webull Latin America.
"We are excited to introduce the Webull Brazil app to Brazilian investors and build on our success in other global markets. The app is designed to meet the needs of investors who require broader and deeper analytical capabilities without sacrificing reliable and efficient trade execution. Webull's Brazilian retail investors will now have the opportunity to experience a truly new way of investing," added Anthony Denyer, President of Webull Group.
It is worth noting that Webull has previously entered into an agreement to acquire Brazilian brokerage firm HH Picchioni S/A Corretora de Câmbio e Valores Mobiliários, indicating that it is serious about establishing a long-term foothold in the Brazilian market. The transaction is subject to approval by the Central Bank of Brazil.
Brazilian investors will have access to the US markets through Webull Financial LLC, a subsidiary of Webull and a member of the US Securities and Exchange Commission and the Financial Industry Regulatory Authority.
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