Markets.com Integrates TipRanks’ Tool
Markets.com, a retail forex and contracts-for-differences (CFDs) broker, has tapped TipRanks to integrate its Quantitative Strategy Builder. Thus, it further expanded its market analysis tools offering to the retail investors.
TipRanks’ tool offers traders access to automated stock portfolios, without the need for coding or quant investing knowledge. They can also create and backtest portfolios.
Markets.com is the first broker to integrate this tool from TipRanks, which is an Israeli trade analysis startup.
Markets.com CEO Joe Rundle said they couldn’t be happier with this partnership.
They are thus very excited about what it means for their growing retail investor community. Thanks to TipRanks, their quantitative-based portfolio builder lets retail investors tap into this kind of technology and data. It is the kind of data that’s used by the biggest banks and hedge funds to maximize returns.
Markets.com: Making Market Analysis Simple
This is, in fact, an extension of the already existing ties between the two companies. TipRanks also received a $12 million investment from Singapore-based venture capital Prytek. It was already an early investor in the company.
Prytek, a Singapore-based venture capital firm, made this additional investment by purchasing shares from its existing investors, founders, and even employees. This came as an extension of the venture capital’s holding on TipRanks as it already invested $3 million in 2018.
Uri Gruenbaum, CEO of TipRanks, said he’s delighted to expand their partnership with Markets.com. With the launch of Quantitative Strategy Builder on their platform, their clients have access to a ground-breaking investment product.
That therefore offers a new way to invest. Like all of their products, it is easy to use and levels the playing field for investors.
Earlier this year, Markets.com also launched its proprietary quant-based investment strategy making tool. It targets retail investors, and enables them to create and manage their own dynamic stock portfolios.
