Springbox AI, a new application utilizing artificial intelligence for financial forecasting, has become available for both iOS and Android devices. This tool is intended to provide an alternative to traditional financial market investment services, specifically targeting individual traders.

The application was developed by a team of experienced professionals with prior roles at major financial institutions including Deutsche Bank, Credit Suisse, UBS, and BNP Paribas. To date, the company has secured $2 million in investment capital from private sources within Europe.

A subscription to Springbox AI is priced at $49 per month and provides users with a suite of features. These include predictive market analysis, real-time monitoring of stock, currency, and futures markets, and up-to-date trading news.

According to Springbox AI co-founder Kassem Lahham, “A significant portion of broker advertising centers around unrealistic expectations of quick profits, which ultimately leads to 96% of independent traders experiencing losses and abandoning their efforts. Springbox AI offers traders an application grounded in data, designed to improve their chances of success.”

While Springbox AI shares the market with trading platforms such as eToro, it distinguishes itself through its focus. eToro emphasizes social trading and replicating the strategies of successful community members. The creators of Springbox AI state that their application is geared towards traders with a greater level of experience and analytical skill.