Smart Trading App Aims To Improve Financial Literacy And Accessibility To Forex

Smart Trading App Aims To Improve Financial Literacy And Accessibility To Forex
Smart Trading App Aims To Improve Financial Literacy And Accessibility To Forex

Finatext UK, part of Japanese big data and trading app giant the Finatext Group, has launched a new trading app that aims to improve financial literacy and make trading more accessible to a new generation of users. The Financial Conduct Authority regulated company has released mobile app, Pipster, as a simplified, smarter trading platform, promoting responsible Forex and Cryptocurrency trading, as well as introducing new users to the fundamentals of the financial world.

Finatext UK has launched Pipster, a consumer-friendly currency trading app, available on iOS and Android, which will provide a simpler, smarter and more responsible way of trading for both Forex and Cryptocurrencies; markets that can otherwise be perceived as overly-complex by those with little trading experience. It follows the step made from a recent global exchange in leveraging smarting trading possibilities.

Pipster can be downloaded from both the Apple and Android app store and has unique features powered by Robota Intelligence, Finatext’s unique sentiment analysis technology. The Bitcoin Social Sentiment Indicator (SSI), in particular, monitors social media posts in near-real time.

The insight provided by the tool gives Pipster users indicators of when may be a good moment to both buy or sell, maximising returns by allowing profits to be made in both rising and falling markets. Pipster also has a virtual ‘Pioneer’ mode, enabling users to practice trading, familiarise themselves with the markets and develop their strategy risk-free using virtual funds before trading any real money.

Pipster goes above and beyond new regulations which limit leverage and trade values, allowing even lower entry and trade sizes for new investors. This helps new users to trade without having to invest large values at high-risk. Full transparency with pricing is also a significant element of Pipster’s pledge.

Rob Brockington, CEO of Finatext UK, said: “Our platform is designed with the user in mind. Incorporating new technology and simplification of previously complex features like technical analytics, Pipster opens the market up to a new generation of traders. With a solid understanding of the underlying market and trading principles, the advantages we can provide with our unique trading indicators, the intuitive platform and simplified data gives everyone a better opportunity to do well from forex and crypto trading.”

In-app video and tutorial content, alongside user forums, will enable users to discuss strategies and trends on a peer-to-peer basis, opening up what has traditionally been a very closed community. It is hoped that this open forum will promote healthy discussion and support networks between traders, mitigating the errors and common pitfalls that many conventional investors and market watchers can suffer from.

Finatext UK recently announced its partnership with Trade, which is an affiliated company of the world’s foremost provider of Forex, GMO CLICK Securities Inc. Their provision of world-class executions services, global reach and experience serving as a perfect match to help Pipster’s arrival in the sector be as seamless as possible.

CFD trading, as it is with Pipster, is designed to supplement an income as part of an investment portfolio, rather than replace a full-time job. Most trades are quick, short-term and low-maintenance activities completed within a few hours or days, as opposed to longer-term strategies that require investment to be locked up for months or years with more modest risks and returns.

“With Pipster and our unique Robota Intelligence SSI, Finatext UK, backed by Finatext Japan, believes that the trading industry stands to be changed for the better by creating a more inclusive and integrated crypto and forex market. As a company regulated by the FCA, we’re acutely aware of and are committed to the need to instil financial literacy in new users and traders, responsibly. That’s why we are focussing on the app’s virtual mode, community chat forums and video tutorials to familiarise new users with the sector before encouraging them to trade in live mode,” continued Mr Brockington about the tool and the newly announced partnership.

“This industry has already changed beyond recognition in just the last couple of years. These are exciting times, and Pipster is the next phase of this change,” he concluded.