Webull Pioneers U.S. Retail Brokerage Services in Thailand
- Webull, a U.S. retail broker, has made a groundbreaking entry into the Thailand market.
- The firm has received authorization from the Thai Securities and Exchange Commission.
- Webull’s expansion into Thailand marks its fifth market in the Asia-Pacific region.
Webull, a leading U.S. retail broker, has announced its expansion into Thailand, offering local investors access to U.S.-listed equities, ETFs, and options. This move marks Webull’s fifth market in the Asia-Pacific region.
Webull’s Expansion into the Asia-Pacific Region
Webull’s entry into Thailand is a significant milestone for the firm, marking its fifth market in the Asia-Pacific region. The firm, now known as Webull Securities (Thailand) Company Limited, will provide Thai retail investors with access to professional trading tools and robust risk management features. These tools include charting tools, real-time quotes, and Webull’s stock screener. Webull’s expansion demonstrates the growing popularity of its trading platform across Asia.
Webull’s Offerings in Thailand
Webull Thailand secured its securities and derivatives brokerage license from the Thai Securities and Exchange Commission and obtained the official approval to operate on 4 April 2024. The firm’s offering will initially focus on U.S.-listed securities, the most attractive market. However, the discount broker plans to innovate and offer new products and features in the coming months. As part of its launch promotions, Webull will offer a 50 percent discount on its commission rate from 0.10% to 0.05% for 180 days after the account opening date.
Webull’s Launch Promotions
From 10 May 2024 to 28 June 2024, Webull will offer a 50 percent discount on its commission rate. New investors will also gain access to Nasdaq LV2 Real-time Quote, 50 Bids and Offers, up to 120 days as a free-trial. Additionally, after depositing a minimum of THB 20,000 with a 30-day holding period, new investors will receive a USD 5.5 trading voucher.
Conclusion
Webull’s entry into Thailand is a significant development in the retail brokerage industry. It not only expands the firm’s reach in the Asia-Pacific region but also provides Thai retail investors with access to U.S.-listed equities, ETFs, and options. With its professional trading tools and robust risk management features, Webull is set to transform the way Thais invest and manage their financial goals.
