Koyfin Review: A Closer Look at the Data Platform

Are you thinking about trying out Koyfin for financial insights? Some people claim this company can provide some serious gains. This Koyfin review breaks down the key stuff to help you decide if this platform is the right option for you. Is this trading tool legitimate or not? Stick around to find out the answer to that!

About Koyfin – Breaking Down Financial Data and Analytics

Wondering what’s up with Koyfin? Let’s get into what this New York-based company is all about. Founded by two Wall Street pros, Koyfin pitches itself as a cloud-based financial data and analytics platform. We can see that their aim is to give regular folks a shot at market insights.

The platform covers a bunch of trading instruments – stocks, bonds, mutual funds, ETFs, and FX. It also taps into economic news and Twitter signals, giving users a wide view of market factors. Koyfin tool targets those seeking a budget-friendly alternative to pricier market tools like Bloomberg Terminal.

The goal here is simple: Koyfin trading tool wants to give users robust charting and analysis tools to turn data into smart moves. Even though they say thousands of investors trust them, we’re taking a skeptical look to give you the real deal.

Features of Koyfin

Now, let’s discuss all the features that this trading company offers! Stick around!

Advanced Graphing

Koyfin has an interesting and top-notch Advanced Graphics feature. It’s got powerful charting tools that are easy to use and can be customized.

You can mix tech and fundamental data, play with over 100 indicators, and draw on charts. This one is indeed great for spotting trends and tracking past performance.

My Dashboard

Everything you need is in one spot. Notably, there is no need to hop between screens. You can make custom watch lists for different assets, tailoring them to your style.

What if you want multiple dashboards? Go for it. It’s all about making it work for you. We think this is a big plus!

Tip: NovaTech FX broker works from Saint Vincent and the Grenadines. It is suspicious enough that anyone can register a company without ever having set foot in the region. As this broker is not legal, it cannot provide any safety concerning your funds.

Financial Analysis

This trading tool goes deep into financial analysis. There are tons of metrics at your fingertips, from valuations to company snapshots.

We can see quarterly results for 2 years and annual ones for 5. It breaks down complex things, making financial analysis a breeze.

Macro Dashboards

The Macro Dashboards cover all kinds of markets, giving you insights to act on. You have the option to navigate through different dashboards based on assets or themes. The World Economics dashboard hits you with key economic indicators and a calendar for global economic data releases.

What about the Koyfin API? There is no API here as Koyfin is not doing that for now. They say their only aim is to stay focused on analytics.

Koyfin Pricing

We can see that this firm has 3 distinct plans. The free plan provides a solid starting point, especially for beginners. It includes 2 watchlists, screens, dashboards, chart templates, and advanced graphing.

Stepping up, the Plus plan, priced at $49 per month, unlocks unlimited access to watchlists, screens, dashboards, and chart templates. It also enables data downloads, filing access, and transcripts.

For those seeking even more, there is the Koyfin Pro plan. Tagged at $110 per month, it goes all-in with unlimited custom formulas, US mutual funds data, training webinars, and priority support.

Koyfin Reviews – Gauging User Satisfaction

Now, let’s see what traders are saying! Checking the Trustpilot scoreboard for this firm reveals a respectable 3.8-star rating from 3 users. While it’s a decent score, there’s room for improvement.

All in all, choosing platforms with a 4.5-star rating or more ensures a safe trading journey, especially in the FX space. Keep that in mind.

Note: Did you know that 70trades is owned by Commodius FX Ltd., a Vanuatu-registered broker? The local VFSC regulator is better than nothing, but we still don’t recommend trading with offshore companies. They are not reliable!

A Smart Investor’s Handbook

When it comes to investing, it’s vital to approach some platforms with caution. Not everything that shines is a good opportunity, as the world is full of scams that can make your money disappear. To avoid falling into these traps, here are some practical tips for making safe investments:

• Be cautious of platforms that offer extravagant deals, as many of them are designed to mislead investors.
• It’s essential to be informed about common trading scams to stay ahead of the game.
• Take the time to research and find legitimate trading platforms. This is a must!
• User reviews are priceless for gaining insights into a platform’s credibility and performance.
• Investing in robust bot detection software can help you out too!

By following these steps, you can greatly reduce the risk of falling victim to investment scams. This goes without saying! 

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Final Words

As we conclude, Koyfin lays out its offerings straightforwardly on the table. Now, making the best choice is in your hands.

While considering your options, don’t miss out on our exclusive offer with a proprietary trading firm. Upgrade your potential earnings to new heights – up to $180,000! The choice is yours, and we’re here to guide you toward a profitable path in the trading world. Choose wisely, and let prosperity follow.

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