FinTech Magazine - May 2023 | Page 143

Robinhood
Capital . com
TOP 10

06

Robinhood

United States
Launched by entrepreneur Vlad Tenev in 2015 , Robinhood hit notoriety in 2021 when its members , buoyed up by Reddit forums , almost caused the collapse of Wall Street through their collective investment strategy involving GameStop shares .
Robinhood has also been credited with popularising the concept of fractional share investing , which allows traders to purchase a portion of a share , making it possible for even small investors to participate in the stock market .
The company has faced some criticism over its business model , which relies on selling order flow to market makers , but it has also been praised for its efforts to democratise investing and make it more accessible to a wider audience .

05

Capital . com

Cyprus
Founded by technology entrepreneur Viktor Prokopenya in 2016 , Capital . com is a Cyprusregistered company that also has a strong presence in London , where its dual headquarters reside . Capital . com provides an investment platform for trading a range of financial instruments , including stocks , commodities , currencies , and cryptocurrencies .
Its AI-powered trading platform uses machine learning algorithms to analyse market data and provide personalised trading recommendations to its users . The platform is also user-friendly and easy to navigate , making it suitable for both novice and experienced traders .
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