Webull Corporation, a digital investment platform provider, has extended its retail brokerage services to Australia, marking its third market launch in the Asia Pacific (APAC) region. Previously, the operator introduced its popular Webull trading platform to users in Hong Kong last year and Singapore earlier this year.

The trading platform provider’s launch in Australia comes seven months after it secured the Australian Financial Services (AFS) license through its Australian subsidiary, Webull Securities (Australia) Pty. Limited.

Through this subsidiary, Australians “can now trade US-listed equities , ETFs, options and fractional shares, all at low commissions” on the Webull app, the firm announced on Monday, noting that only US-listed securities will be initially offered in the country.

Webull Extends Services in Australia per APAC Expansion

However, the firm said it is looking to offer local Australian securities by gaining membership access to the Australian Securities Exchange and Cboe Australia during the first half of next year. “Webull Australia also plans to offer Hong Kong-listed securities in 2023,” the firm noted in the statement.

Speaking on the firm’s newly-established presence in Australia, Rob Talevski, the CEO of Webull Australia, described the company's mobile platform as “an excellent fit for the Australian market.” "This [Australian launch] marks another exciting step in Webull’s mission to help global investors enjoy tech and enjoy investing,” Bernard Teo, the Head of Webull’s APAC operations, added.

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Webull in the US

Webull boasts that it serves tens of millions of users from 180 countries across the world. The trading platform provider launched its services in the US in 2018 and partnered with Illinois-based Apex Crypto LLC to offer cryptocurrency trading features to users in the country.

Meanwhile, at the start of the year, Cboe Global Markets announced that Webull’s US subsidiary, Webull Financial LLC will offer Cboe’s new Nanos S&P 500 Index options on its trading platform during the first quarter of this year. The goal, it said, is to expand the choice of options trading for Webull’s users and to cement both partners’ commitment to serving the retail trading community in the US.