Webull Corporation today announced its launch into the Brazilian market.
With over seven years of global market experience and brokerage services in ten other countries, Webull will offer Brazilian investors a new option and approach for accessing the stocks, ETFs, and other investment opportunities available in the U.S. market.
The Webull platform delivers affordable transaction costs and advanced functionalities to help users maximize their trading potential by giving them easy and direct access to the U.S markets. To be closer to its customers, Webull has established a local office in Sao Paulo offering specialized staff and support in Portuguese.
Ruben Guerrero, CEO of Webull Brazil and Head of Latin America for Webull, stated:
“Our entry into the Brazil market follows the successful launch of the Webull platform in a number of global markets during the last three years. With a latent market interested in investing abroad, we have designed Webull’s Brazilian platform locally to consider the needs and preferences of Brazilian retail investors that will be using our app. We are confident of Brazil’s significant potential and expect to expand our product offerings to meet the needs of Brazilian investors.”
Anthony Denier, Webull’s Group President, added:
“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 more comprehensive and in-depth analytical capabilities without compromising reliabile and efficient transaction execution. Webull’s Brazilian retail investors will now have the opportunity to experience a truly new way of investing.”
Brazilian clients will have access to the U.S. markets through Webull Financial LLC, a subsidiary of Webull and a member of the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA).
In a show of its long-term commitement to the Brazilian market, Webull recently signed an agreement to acquire the Brazilian brokerage firm H.H. Picchioni S/A Corretora de Câmbio e Valores Mobiliários, a trusted name on the Brazilian financial scene for over 50 years. Completion of the acquisition is subject to approval by the Central Bank of Brazil (BACEN).
