Webull is one of the world's most famous trading apps, with millions of users. It has become a massive success due to two main reasons:
- Its low-cost structure (Webull offers commission-free trading);
- A referral program that incentivises users and influencers to share the platform.
If you follow famous financial Youtubers such as Graham Stephan or Meet Kevin, you've heard of Webull many times before.
Is Webull available in Russia?
Unfortunately, Webull is currently not available in Russia. The company is only available in the United States and Hong Kong and hasn't shared any plans to expand to other regions.
While Russia is a vast market, it is highly regulated, and Webull already has some competitors operating in Russia under a similar business model (which we cover below).
Can Russians use a VNP to use Webull from Russia?
No, Russian investors cannot use a VPN to use Webull from Russia. Upon account opening, Webull requires specific documentation as proof that you are a U.S. citizen.
Webull Alternative in Russia
If you want to open a Webull account, you're in bad luck: it doesn't work in Russia. Whether you value security and reputation or want a commission-free trading platform, the alternative presented should be a good starting point. Explore their website and decide for yourself!
Hope you found our breakdown helpful, and please let us know if you have any questions or feedback - we're happy to help!
A reminder that the above should not be construed as investment advice and should be considered information only. Investors should do their research and diligence about the services and opportunities best suited for their risk, returns, and impact strategy.