Letter from the CEO: Celebrating Webull's 2 year anniversary: The next level!
Dear Webull Community:
Before I sat down to write this letter, I re-read what I wrote for Webull’s 1 year anniversary (you can read here) and I am truly humbled at how Webull has grown over the past year. We are extremely proud to have played a major role in fundamentally changing the online brokerage industry for the benefit of the investors.
October of 2019 marked the moment that all the legacy online broker dealers caved to pressure and finally shed trade commissions. For us, it was vindication, as I have been shouting from every rooftop years earlier that the ‘race to zero was over’ . Many doubted that startups like Webull would have a future in the new zero commission world, but this is where we shined. We learned quickly that Webull’s strength was not in our zero-commission stance, but how we focused on providing advanced research tools, more functionality for trading, and dare I say, the most powerful mobile platform in the world. Since October of 2019, Webull has more than quadrupled in size.
Our plans for 2020 will propel Webull into many new product lines. In March of this year, we successfully launched our zero-commission/zero-contract fees option trading platform. The growth has been phenomenal, and I am excited to share that our multi-leg options trading release scheduled for the summer will be yet another industry game changer. I am confident that this upcoming unveiling will set a new standard for advanced options trading on mobile devices. Before the end of 2020 we aim to have crypto trading, futures trading, cash management, and fractional shares trading added for all of users. It will be a busy year!
During these trying times the Webull team has seamlessly adapted to the lockdown orders and kept our platform reliable and functioning during the craziest sessions of market volatility. Even though it was not planned, we are proud to have become a ‘stay at home’ company where our users can find community, education, and financial independence during this unprecedented moment in our world’s history. I wish to extend a heartfelt ‘Thank You’ to our users and influencers who have helped us grow by spreading the Webull message and making better investors of us all.
May 21st 2020 marks the 2 year anniversary of Webull. We promise to continue to bring more products, more functionality, and more industry changing products in the months and years to come. Whether you realize it or not, investing has changed forever and will continue to become more inclusive for investors of every skill level. Webull will continue to push the industry and make investing more accessible and make everybody a smarter investor.
CEO of Webull Financial LLC
We want to respond to requests as quickly and efficiently as possible. To help you get to the bottom of any issue faster, here are some answers to our most recent frequently asked questions.
Maybe you woke up, checked your Webull account, and realized that yesterday you had 100 shares of stock ABC, but now you only have 10. What?! Where did they go?
Last week we discussed options and went through a few basic analogies to help you understand them. Today we're going to discuss put options, and what it means to be "long" and "short".