FINTRADER
Date of Foundation
2024

FINTRADER

Revolutionizing Forex & CFD's Trading

The Idea origin story

Our aim is to develop a cutting-edge trading platform for Forex, CFDs and stocks, which significantly simplifies and enhances the users' trading experience. We plan to operate on a Software as a Service (SaaS) model, leveraging cloud technology to provide our clients with convenient, secure, and efficient access to financial markets anywhere, anytime.

The Mission

Empowering traders globally with intuitive, cloud-based Forex and CFD platform for optimal financial market accessibility and efficiency.

Clients

Brokerage Firms & Financial Institutions

Problems we solve

Client’s problem

Web Based and Mobile Apps White Labeled for Brokerage Firms and Financial Institutions, Easy OnBoarding, Low Cost Trading Platform Solutions, Social Trading In-Built, CRM, Payment Gateways

Confirmation of problem

The actuality of the problem is affirmed by prevailing inefficiencies in trading platforms, costly access, and limited user-friendly features.

Solution

We provide a comprehensive set of solutions to reinvent Forex and CFD's trading through cutting-edge, fully customizable white-label web-based platforms and mobile applications targeted at brokerage firms and financial institutions. Our ecosystem includes easy onboarding, low-cost trading solutions,

Our technologies

This solution is based on technologies

Our startup's goal is to refine Forex, CFDs and stock trading through a cloud-based SaaS platform that enhances user experience. Serving brokerage firms and financial institutions, we'll tackle issues by providing low-cost, easy onboarding solutions with integrated CRM, Payment gateways and Social Trading.

How it works

Our platform provides seamless, low-cost trading with integrated CRM, Social Trading and Payment Gateways for financial institutions.

Value for the client

Our customizable, cloud-based platform provides a cost-effective all-in-one trading system, streamlining operations for financial institutions.

Market and strategy

Market size

50

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

20

% of the market

Is our goal in the next 3 years

Team

My name’s

Mitesh Rasaikar

My key role in the product

With 14 years of Forex experience, I know what brokers need. FinTrader offers a cost-effective SaaS solution that lets startups focus on sales and ops.

Team size and key members

In addition to Dev, our team could benefit from a seasoned market strategist for business growth and an experienced software developer with fintech acumen.

Competitors

Competitors

In addition to Metaquotes and CTrader, potential competitors could include other Forex trading platform providers like Spotware, cTrader's parent company, or established vendors such as TradAir.

Our Advantages

Our platform uniquely provides comprehensive features at an economical price, a significant edge over others. Unlike competition that serves generic mobile apps, we ensure personalized experiences with white-labeled apps tailored to your brand's persona.

Business model

We gain revenue from a $3500 monthly fee plus plugin upsells, potentially earning up to $7000 per client each month.

Traction

We've successfully finalized the UI design via Figma and have initiated the coding phase for frontend development, thereby moving closer to bringing our vision to fruition.

We are expanding our team and investing in platform advancements. We've initiated plans to set up a sales office, participate in key industry expos for strategic marketing, and foster collaborations by offering our innovative platform pro bono to select prominent brands.

Metrics

Our customer acquisition cost (CAC) is a one-time expense, equivalent to 20% of our monthly fee. This represents an impressive lifetime value as we typically retain customers for at least seven or eight years—perhaps even longer! The nature of our target audience - financial institutions and brokerage firms - contributes to successfully maintaining a low churn rate due in part their stability. Each client consistently generates around $5000 per month yield, contributing robustly towards our average MRR . Further highlighting the efficacy of what we offer,the net promoter score stands strikingly high at 9/10 from overall user base.

We are focused on robust revenue growth and plan to adjust pricing in 2-3 years. With subscription costs significantly lower than competitors, we anticipate higher sales and a low burn rate due to minimal expenditure on updates post-development.

Incorporation

Our company incorporated in

Delaware

Key risks

The potential risks for our startup include the high competition in fintech industry, rapid tech innovation requiring constant adaptation, possible regulatory changes and difficulties in customer trust due to security concerns. It's paramount we stay ahead of these challenges to succeed.

Investments

$

135000

We raised investments

Our Investors

Own Funds

Rising Investments

$

1000000

Currently, we are raising investments

$

5000000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

I'm seeking an individual with significant experience in the financial services sector, preferably with a focus on Forex and CFDs, to join our startup, FinTrader, as a co-founder. FinTrader is revolutionizing Forex, CFDs, and stock trading through a cloud-based SaaS platform that enhances the user experience. We aim to empower traders globally with an intuitive, all-in-one platform providing optimal financial market accessibility and efficiency. Initial focus is on brokerage firms and financial institutions, addressing their ongoing struggle with inefficient platforms, costly access, and limited user-friendly features. Our solution combines a fully customizable white-label trading platform and mobile applications with easy onboarding, low-cost trading solutions, integrated CRM, payment gateways, social trading, and more. As a co-founder, your role will not be limited to using your knowledge and expertise to help shape our product’s development. We'll look to you for strategic guidance on approaching the market, strengthening business relations, and driving growth. You'll also be

Open positions

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Additional information

As experienced players in the thriving trading platform market for over 10 years, our extensive industry network will bolster client acquisition effectively.

Idea