Mobile trading firm Capital.com has finally launched its mobile-focused AI Trading App, along with Investmate, which provides educational material for amateur traders. The apps have been in beta-testing mode until now, and today they are officially launched, in other words, put into full-on live mode.
Capital.com has also raised $25 million from institutional investors Larnabel Ventures and VP Capital.
Capital.com’s trading app allows users to trade CFDs on commodities, stocks, and indices from their mobile devices. Additionally, the app is enriched with an innovative ‘Smart Feed’ function, powered by fast-learning artificial intelligence technology, which delivers customized news feeds and analysis based on every trader’s interests.
“One of the most exciting aspects of Capital.com’s app is its ability to identify – and work to correct – common behavioral biases, which are proven to have a negative impact on investors’ trading results. By taking advantage of the most advanced Al technologies, Capital.com is able to analyze traders’ behaviors in real time, subscribe them to bespoke educational channels, and then, based on their activity, provide instructions on how to avoid certain biases, such as either the overconfidence bias or disposition effect. We believe that Capital.com will be a valuable resource and platform for every type of investor, from the savvy, sophisticated trader to someone who is still learning how to navigate the market,” said Kira Bondareva, CEO of Capital.com.
$1.5 million for domain
The domain name Capital.com represents a significant investment for the company, as it paid $1.5 million to acquire above mentioned domain name. In 2017, fly.com is the most expensive domain deal.
“The fintech industry is evolving at a rapid and exciting pace, and there is significant opportunity for start-ups to leverage technology in groundbreaking, disruptive ways and make a long-term, positive impact on society at large. By harnessing the power of Al, particularly through its advanced ‘Smart Feed’ function, Capital.com seeks to educate and inform users and promote a thoughtful, intelligent, and sophisticated approach to trading, while helping to expand market access,” said Viktor Prokopenya, Founder of VP Capital.
The two apps can be downloaded from the App Store and Google Play.