The Co-Founder of Admiral Markets, Dmitri Laush and Siamak Tebyanian, the former Head of Global Innovation at Admirals joined forces to launch Nextcent.
Nextcent is about 'democratizing wealth management'. The app provides individuals that are interested in investing or trading but lack experience or knowledge of an innovative approach to understanding the markets.
While trading courses can be tedious for some, Nextcent breaks down the information into 'bite-sized courses'. The company is aware that memorizing information may be difficult for some, and the key ideas can be collected and memorised later on.
Although cryptocurrencies are not directly mentioned on the website, the logs of Kraken, eToro, Binance and Bitsgap are located in 'learn from the best section'.
Based on some of the screenshots on the website, it appears that the app will contain free and premium courses. Users will learn the basics of the market, order types, technical analysis, fundamental analysis and more.
Multiple Markets Are Covered
Aside from cryptocurrencies, Nextcent covers stocks, forex and precious metals, such as gold and silver. The app tracks the learning progress that is made, and a certificate is issued (on the app) upon completing a certain course.
The language used on the website may appeal to the younger generation, which many companies focus on. Since covid-19 and the rise of cryptocurrencies, more people are interested in investing but are uncertain how to proceed.
Providing guidance on multiple investment vehicles is in high demand.
Simplifying the learning process, especially in trading or investing in an innovative app is the correct approach in today's era. At this stage, not all the app's features have been disclosed.
