Dr. Ala Stanford
Founder, Black Doctors COVID-19 Consortium
Day trading has taken off, but it's meant an uptick in uninformed and speculative trading. Anthony Denier, CEO of Webull, is looking to change that.
Webull positions itself as a less gamified version of trading platforms like Robinhood, and offers features like in-depth research, IRAs, and a trading simulator, in an effort to keep investors — especially those in it for the long run — well informed.
Denier is a believer in technology and is actively developing it at Webull to give people access to the same advantages enjoyed by institutional investors.
"Who is our direct? Our direct is a little bit of everyone," Denier said referring to competition, in an interview with Business Insider. "We will go after the Robinhood demographic. We will go after the robo-adviser demographic. And we also want to go after the advanced-trader demographic."
Visits to Webull’s site grew to 4.4 million users in June, up from an estimated 850,000 in December, according to the web-analytics company SimilarWeb.