GAIN Capital, a global provider of online trading services, has launched an innovative trading app GetGo, which uses a smart AI-enhanced algorithm.
GetGo is currently available in the UK, via the Apple App store. In the upcoming months, it will expand to the Google Play Store.
As we mentioned earlier, GetGo uses AI-enhanced algorithm which is the result of numerous back tests and several years of work. When the algorithm sports a pattern it recognizes, it sends the user a signal through the app, which they can review and decide whether to execute the trade.
“GetGo is an intelligent and engaging way to trade financial markets, especially for those who are interested in taking advantage of shorter-term trading opportunities but are deterred by the apparent complexity and the time commitment associated with traditional trading. We’re excited about the significant opportunity this product offers in bringing Al-enhanced trading strategies to new audiences,” said Glenn Stevens, CEO of GAIN Capital.
Initially, GetGo will cover 40 markets, including FX, gold, and indices.
All you need is £10
Those who want to try out the new app, can download it from the App Store and open an account with as little as £10.
“With GetGo we wanted to create a product that would generate high-quality trading signals based on data and statistics, while stripping back the complexities of traditional platform trading via a simplified mobile user experience. GetGo doesn’t just identify dozens of new trade opportunities each day, it applies trade management rules to offer a potential upside greater than the maximum downside on each trade. These features include automatic position closure when the trade signal expires and free guaranteed stop losses on every trade. Users also have flexibility to either watch their trades unfold in real time, or set and forget with confidence that GetGo will manage their open positions,” said Lex Webster, SVP Strategy, GAIN Capital.
Essentially, the program relies on the use of artificial intelligence and machine learning to analyze millions of data points to signal trading opportunities.