Doctor loses RM880,000 in fake share investment scam
A doctor in Pahang lost over RM880,000 in a fake share scheme promising high returns
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Abstract:Webull UK, a FCA-regulated investment platform, has officially expanded its services to the United Kingdom, introducing new account types and access to UK-listed shares and ETFs. This expansion marks a significant milestone for the fast-growing fintech broker as it aims to meet the needs of both beginner and professional traders in the UK market.

Webull UK, a FCA-regulated investment platform, has officially expanded its services to the United Kingdom, introducing new account types and access to UK-listed shares and ETFs. This expansion marks a significant milestone for the fast-growing fintech broker as it aims to meet the needs of both beginner and professional traders in the UK market.
Webull UKs new product launch includes two account tiers—Webull Go and Webull Meridian—each tailored to different trading preferences and experience levels.
A no-fee trading account that allows users to invest in US shares, options, the FTSE 100, and 20 popular ETFs. Its designed for casual traders seeking a cost-efficient way to explore global markets.
A premium account priced at £5 per month, currently offered at a discounted rate of just £0.01 until the end of 2025. Meridian members enjoy reduced FX fees, lower commission rates, and exclusive access to nearly 1,000 UK-listed shares and ETFs.
The Meridian account also includes multi-currency support and priority access to new product launches, making it ideal for active traders who require advanced features and wider market access.
To make trading more accessible, Webull UK has reduced its standard commission on US equities to a flat $0.10 per trade, down from 2.5 basis points with a $0.10 minimum. This transparent pricing model benefits both frequent traders and long-term investors looking to optimize their trading costs.
In collaboration with Upvest, Webull UK is also expanding its product range to include UK-listed equities and ETFs, further enhancing the platforms international trading capabilities.
Webull Financial LLC is a global brokerage firm and a FINRA-registered broker-dealer, offering commission-free trading across multiple asset classes such as stocks, ETFs, and options. The platform provides six types of accounts and operates its own proprietary trading platform, recognized for its intuitive design and real-time market data.
With a strong presence in the U.S. and Asia, Webulls entry into the UK market reflects its ambition to become a leading global trading platform offering low-cost investing opportunities and user-friendly technology.
When evaluating any trading platform, regulatory oversight is key to determining its legitimacy. Webull UK is authorized and regulated by the Financial Conduct Authority (FCA), ensuring it complies with strict financial conduct and client protection standards.
However, there have been inconsistencies regarding Webulls global regulatory claims. Some sources indicate that Webull holds authorization from the Financial Services Agency (FSA) under a Retail Forex License, while the broker also claims to be regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
These conflicting statements have raised questions about regulatory transparency, and traders are encouraged to verify all regulatory details before investing.
Despite these concerns, FCA regulation makes Webull UK safer than unregulated brokers, providing an additional layer of security and accountability for British investors.
The launch of Webull Go and Webull Meridian demonstrates Webull UKs commitment to localizing its services for the UK trading community. With low commissions, diverse investment options, and FCA authorization, the broker is positioning itself as a serious competitor in the online trading space.
However, investors should always conduct due diligence and confirm Webulls full regulatory credentials to ensure a transparent and secure trading experience.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

A doctor in Pahang lost over RM880,000 in a fake share scheme promising high returns

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