Online brokerage firm Firstrade has announced the launch of FirstradeGPT, an artificial intelligence-driven research and analysis tool designed to help investors make financial decisions.

Developed in partnership with FinChat.io, an investment research platform, FirstradeGPT uses AI to provide in-depth data on global equities and business-specific key performance indicators (KPIs).

Firstrade Unveils FirstradeGPT, an AI-Powered Investment Research Tool

Firstrade is the first US broker-dealer to collaborate with FinChat.io, offering its clients access to institutional-quality data that has been verified by human equity analysts. The tool delivers financial insights for investors looking to research or find investment ideas and compete with professional traders.

"AI will rapidly transform the entire investing landscape, and we believe investors will continue to leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term these advancements in their daily trading activities," said Don Montanaro, President of Firstrade. "Our launch of FirstradeGPT underscores our commitment to enhancing AI services for retail traders, and we will relentlessly focus on delivering impactful AI technology in the months ahead."

According to the company’s statement, FirstradeGPT offers a range of features, including detailed company analysis with breakdowns of revenue and performance, analyst estimates for stock prices and earnings, a "Related Questions" feature for beginners, data visualization through charts and graphs, and financial language processing for more accurate responses.

"Firstrade has been a true pioneer in this space and is once again pushing innovation forward for the benefit of Firstrade clients," said Braden Dennis, CEO of FinChat.io. "We are honored to be working with Firstrade to bring this technology to every type of investor."

Although Firstrade is the first company in the USA to create an AI assistant named with "GPT," directly referencing the popular large language model by OpenAI, it is not a pioneer on a global scale. Over a year ago, Tiger Brokers introduced a similar product, an investment assistant named TigerGPT.

Six months after its launch, Tiger Brokers shared statistics with Finance Magnates, revealing that 11 thousand retail traders achieved 81% accuracy using the new assistant.

Fractional Shares and New Analysis Tools

The launch of FirstradeGPT is part of Firstrade's ongoing efforts to apply the latest technologies to enhance the customer experience and provide tools for more interactive financial discussions.

In April, Firstrade announced the launch of its Fractional Share Trading service. It is designed to enhance investor flexibility and accessibility in the stock market by allowing them to trade fractional shares of over 4,000 stocks and ETFs. Although initially planned for a December launch following an October announcement, the service faced delays but is now available to clients.

In February, Firstrade unveiled a new partnership with Trading Central, an investment decision support tools and analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term provider. This collaboration aims to broaden the range of analytical investment solutions available to Firstrade's clients. Trading Central's tools are intended to assist investors in conducting thorough research and making well-informed trading decisions.