Webull is also a Chinese company, If you live in the United States this is not exactly a time in US history to have your money on an exchange with CCP influence. If you are one of those people who believe that couldn't possibly be true, you probably also believed the NSA was and always will be looking out for you. This isn't a "Deep Dive" it's a copy/paste from Webull's ad dept.
Discussion
We don't copy paste anything from Webull. Next we'll be doing an article on Moomoo, which is also Chinese owned.
Why? Because the NVSTly platform supports broker integration for Webull, and is finishing up support for Moomoo.
After that, we'll then do coverage on Schwab and their thinkorswim trading platform, and the multiple ways to trade with a Schwab account. Why? Because Schwab too will be integrated with NVSTly.
Then we'll move onto Robinhood, TradeStation, IBKR, Firstrade, Fidelity, and other top brokers. In no specific order, other than that what our user base is requests the most.
What is brokerage integration on NVSTly?
Glad, you asked. It allows our users/traders to fully automate the tracking & sharing of their trades, signal providers will be able to automate their buy/sell alerts. These trades are not only shared on the NVSTly web & mobile apps, but can also be shared across Discord servers via webhooks, and onto X/Twitter. If there's ever a demand for Nostr, Mastodon, Bsky, or others- we'll look into auto trade sharing for those social platforms as well.
Using a stock broker based out of China currently has not much significance than what TikTok has. Is it possible China builds 'profiles' on US citizens through Webull? Who knows, but they don't need Webull to do it. Many social networkers post plenty of their personal information on social apps, including Nostr. So China doesn't need to ruin a great trading platform used by many retail investors for malicious intent.
If you don’t think the CCP has the ability to freeze account holders ability to withdraw from any bank or brokerage they have influence over your just delusional. My argument isn’t that china is creating profiles either, that’s absurd, they buy them from the NSA like everyone else. “Your” company is great, I’m not knocking it. I’m pointing out its a bad time to have your money in Chinese owned bank/brokerage. Nothing more. By webull’s own admission, the average account value is less than $5000, those are not retail investors, those are everyday Americans with very little savings being sold a bucket of hopium.
Thanks for the info! I didn’t know that.