For the first time in the UK's history, anyone wanting to dabble in shares can trade away without having to pay commission as Trading launches its share trading platform today.
The fintech firm behind the project is hardly a new kid on the block — its online commodities and forex trading platform has been present in the UK for three years, in Europe for 14 years and has claimed the title of most downloaded trading app in the UK since But the company's two founders, Ivan Ashminov and Borislav Nedialkov, have now focused their attention beyond commodities and forex to attempt a disruption of the equities market.
Some of them are operating at a 50 per cent profit margin, so why change? It takes a technology company, an outsider with a startup mindset and lean structure, to disrupt the industry. Digital disruption comes to TV production with new online "stock market". This attitude is evident in Trading 's online video advert, soon to be coming to a YouTube screen near you.
Both Ashminov and Nedialkov were just students when they established the business in , working with their own money and no venture capital support. Now you can trade shares on Facebook Messenger with chatbo. This is in contrast to the average commission charged by five of the largest UK online share dealing platforms per trade. Trading 's research indicates that the average commission per trade sought by Barclays , Hargreaves Lansdown , X-O. The platform also offers analysis tools such as moveable Fibonacci Circles, and a social media layer which allows users to chat and watch video tutorials.
But Ashminov and Nedialkov are not content to stop there. According to Ashminov, the app is looking to introduce artificial intelligence and machine learning elements within a year, to help analyse data and reduce human error in investing. Thursday 22 June 6: The UK's first ever no-commission share trading service launches today. You can contact me on lucy.
Fintech firm Trading aims to disrupt the market by cutting out the commission for brokers Source: Digital disruption comes to TV production with new online "stock market" This attitude is evident in Trading 's online video advert, soon to be coming to a YouTube screen near you. IG Group offers customers commission free trading on ETFs and cuts rates on stockbroking trades The platform also offers analysis tools such as moveable Fibonacci Circles, and a social media layer which allows users to chat and watch video tutorials.
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