What is SwipeStox? | SocialTradingGuru.com

What is SwipeStox?

SwipeStox Social Trading logoLaunched in 2016, SwipeStox is an innovative social trading network for beginners and expert traders. Their aim is to offer investors a flexible platform that allows them to gain new insights into trading and benefit from the collective wisdom of their ‘community’.

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Copytrading Designed First For Mobile

SwipeStox is owned by the Naga Group, based in Germany and their leadership team has many years of experience in financial institutions and start-ups. Their platform was built from the ground up with a mobile-first approach, and made to be as simple and efficient as possible for their customers.

The SwipStox social trading platform can be accessed through any web browser and is available as an Android or iOS app. The apps have all the features of the web based platform and customers can seamlessly move between platforms while experiencing the same experience.

SwipeStox platform mobile demoKey Features of The SwipeStox Platform

  • Trade manually
  • Copy the best trades with one swipe or click
  • Share your thoughts and trades with the community
  • Receive bonuses for every trade of yours which is copied
  • Check out who’s trading nearby and built your own local community

What Are The Costs For CopyTraders To Trade on Swipestox?

SwipeStox is totally free to register, download and use: Click Here to visit and/or download SwipeStox

Anyone who registers gets a free $100,000 demo account which allows you to try all the features of the platform for free. There’s no time limit so people can keep using the platform without the need to open a live account. If you want to start trading with real money, then you have to sign-up and open a broker account with one of SwipeStox’ partner brokers. These include FXCM, ThinkMarkets, BlackBull markets ONE Fincancial Markets, IKON Finance, BDSWISS, fpmarkets, Portex and Hanseatic Brokerhouse. I.e. SwipeStox doesn’t act as a broker itself.

Currently investors can trade in Forex, indices and metals. The plan is to add stocks CFDs in the near feature.

What Makes Swipestox Different To Other Social Trading Platforms?

The main difference between SwipeStox and other social trading networks relates to their approach of trade copying. Where most other networks or trade copying platforms require investors to copy the entire portfolio of another traders, SwipeStox allows you to cherry-pick and copy the best individual trades from the traders’ portfolio. Their company name is even derived from the method you use on the mobile apps to copy a trade … in the style of the popular dating app Tinder, you swipe right if you want to copy a trade and left if you don’t. However before you copy a trade you can analyse the past performance of the trader you’re considering to copy, to see if they’re likely going to be successful or not. They use this “trade vs portfolio copy” approach because they believe that when it comes to feeling confident about investing your money, control is everything. This is also why SwipStox provides traders with more control by allowing them to see risk, set risk, and set profit figures in monetary value terms before they trade themselves or copy another trade.

Personalised Trading Robot

However if you prefer the idea of someone else trading on your behalf, then their CYBO may be of interest for you. CYBO is a personalised trading robot that will trade on your behalf based on crowd intelligence, market analysis and your risk profile (low/medium/high).

Trader Radar

Another quite unique feature of SwipeStox is their “Trader Radar”. This lets you find other traders who’re physically located nearby. You can then connect with them and start building your own community.

How Can You Make By Being a Swipestox Copytrader?

SwipeStox also offers various promotions including the ability to earn extra money for every one of your copied trades. Your income will depend on how many people copy your trade and on how much the risk on the trade. They currently pay a bonus of $10 for every $1 million traded. SwipeStox mention that top traders on their platform can earn up to $10,000 or more a month as extra cash.

By the end of April 2017 SwipeStox reported that they had 150,000 traders on their platform. While we’ve used the platform in demo mode for a while, we’ve now opened a live account, so a full review should follow in the near future.

Visit SwipeStox website

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Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.