A seasoned trader and specialist in financial technology, Konstantin Rabin is the founder of investfox. investfox is a newly launched fintech startup that provides online traders with a plethora of unbiased reviews about online brokers and on top of that educational materials linked to financial trading. Konstantin has held positions as diverse as Chief Marketing Officer (CMO) at a major European retail foreign exchange (FX) brokerage and Head of Marketing at a financial technology firm. He has also successfully launched many affiliate websites in the trading and iGaming industries. Today he will explain how his EU startup, investfox, will use big data in order to become a game-changer in the world of online trading. investfox started to functionJun 28, 2022Since then, the company tries to provide online traders and investors from around the world with transparent and non-biased information about brokers and other financial companies. In order for the company to fully fulfill its goals and create a perfect product for customers, it mainly relies on big data analysis. How is this all done? Read more in the article.
The use of big data by investfox
In light of the recent explosion in popularity of both stock trading online and traditional investments, a growing number of individuals are purchasing their first shares of stock. What is the first step you take as an investor? Probably find a proper, right, and reputable financial service provider that will aid you to make money. How can you choose a broker or financial company that will suit your needs, strategy, and characteristics as an investor? That’s right, you read reviews and research about the company.
There is big data on the internet, including in the investment field, which should be analyzed to get the right decision. However, an old cliche, that “Time Is Money”, works well when it comes to investing too. As an investor you do not have to take too much time choosing a broker; otherwise, you might miss good chances of making profits. Do you want to save time and don’t look at the screens to choose the right broker? Here’s the investfox experts’ team, which can do it for you. investfox team analyzes big data, in order to deliver high-quality information to online traders, who want to get the most out of their trading process. The use of big data is crucial in finance, as it leads traders to get rational decisions and maximize their profits. So how does this exactly work in the case of investfox? investfox automatically extracts big data from FB, Google Play Store, Apple Store, and many other endpoints, to deliver more transparent and honest reviews and ratings of online trading companies. So how is it possible for investfox to deliver unbiased reviews through analyzing big data? We’ll tell more about it below.
On investfox, you can find two types of reviews – expert and user-generated. Experts-generated reviews are the main example, of how big data can revolutionize the world of trading. What do we mean by revolution? The investment field is full of scammers and it’s hard to find a website or company that will provide you with unbiased information on financial service providers. However, that’s where investfox shines. With the support of a team of experts, the company provides investors and consumers with unbiased information about financial companies. In order for this information to be as insightful and objective as possible, it is necessary to process a large amount of information, which the company’s team handles enviably well.
On investfox, you can find that the team has its own methodology for reviewing brokers and financial companies. For example, in the case of Forex brokers, experts take into account 8 significant aspects, like security, commission and fees, account types, assets, mobile experience, and so forth. Each aspect has its own coefficient, which is determined by how important it can be to the investor. For instance, in the case of safety, the coefficient is 2 and the company will get 1.5/2 if it is regulated by credible regulatory bodies like the Financial Conduct Authority of the UK, FCA, or Commodity Futures Trading Commission of the US, CFTC. The company will get 0.35 out of 2 if it is regulated by average trust regulators like CySEC, Cyprus. In accordance with that, all of these aspects are evaluated from 0 to 5 points. For example, the better the company’s safety and security are, the higher it will get out of 5. All of this information to become easier for readers and investors to perceive easily requires analyzing big data, and that is exactly what makes investfox a revolutionary startup.
In addition to the expert-generated reviews, as mentioned the platform provides investors with user reviews. When you start online trading, you not only look at the website reviews but also observe those reviews that are written by the actual users. In order to choose the financial service provider more rationally and get the most out of their trading process, investfox furnishes online traders to look at both expert and user reviews, which is definitely an innovative approach in the field of investments.
