Yes name sounds weird but they are US registered broker and clearing firm as well. So they don't have to rely on 3rd party clearing firm like Apex. I am mainly concerned about the margin requirement for short option strategies. Many brokers have substantially higher margin requirement ...like 40% of the underlying for naked put Also concerned about any withdrawal issues. They are free but at what cost? Please share.
In short China based brokers are know to misuse customer data. Search "Webull misusing customer data"
"Webull Financial has drawn a multistate inquiry into whether the Chinese-owned trading platform may have exposed US clients' personal and financial information."
talked about hsbc sold data to the fed on haiwei, i ams surprised they are still allowed to do business in china. data is shared to the regulators, here and there, same rule applies.