Japanese fintech launches platform for punters with no FX experience

Rob Brockington, CEO of Finatext UK

Japanese fintech Finatext Group has invested £2m into the launch and development of a UK-based trading platform. Pipster is an FCA-regulated currency trading platform that, claimed Finatext, will provide a simpler, smarter and more responsible way of trading while improving financial literacy for those who have no trading experience.
Pipster has launched with a virtual Pioneer mode, enabling users to practice trading and familiarise themselves with the market and their strategy using virtual funds without risk, before committing any real cash.
The platform features an analysis tool called the Social Sentiment Indicator (SSI), powered by Robota Intelligence, which monitors social media posts in near-real time and can identify upcoming trends. The insight provided by the tool can give users an idea when to both buy and sell, maximising returns by allowing profits to be made in both rising and falling markets, said Finatext.
Finatext UK recently announced its partnership with Z.com Trade, which is an affiliated company of the world’s foremost provider of Forex, GMO CLICK Securities, which as a group processes around one trillion dollars in trading volume every month.
“Confidence in Britain after we’ve exited the EU has been a topic of global interest,” said Rob Brockington, CEO of Finatext UK. “By making this initial investment, Finatext has made its stance clear. With Pipster and our unique social sentiment indicator, we believe that the trading industry stands to be changed for the better by creating a simpler and smarter trading platform. Thanks to the team’s experience of establishment brokerages, we’re acutely aware of the need to instil financial literacy in new users and traders, that’s why we are focussing on the platform’s virtual mode, community chat forums and video tutorials to familiarise new users with the sector before letting them trade in live mode.”

Related Posts