Finatext launches forex community app, Karu FX, partnering with YJFX
As we reported the partnership last month, Japanese FinTech venture, Finatext released today Forex community app “Karu FX” partnering with Yahoo! JAPAN’s YJFX.
Finatext is renowned for its Stock community app called “Asukabu” where users forecast the trend of stock price. The firm has just announced that Asukabu collects over 10,000 forecasts a day. This number is almost equal to the daily active traders at leading securities companies.
Finatext aims to develop KaruFX to the largest platform in Forex industry by utilizing its operating skill through the Japan’s largest stock community, Asukabu.
Karu FX is a app for both novice and experienced traders to forecast price movement as though it were a game, do virtual trade, and talk with other users about Forex. The main features include forecasting price movement, demo trading, timeline where users can post comments and check news and economic events and analyzing user’s investment trend to know what kinds of trading strategies they are good at.