Pros
- Outstanding Social Trading Broker
- User-Friendly & Responsive Interface
- FREE to Download and Use
- Excellent Customer Support Service
- Compensation Schemes Minimizes Risks
Cons
- The dozens of features can make it complicated for average users
- Not available for Windows phones
- Few brokers that allow MT4
- Basic web trading platform
Swipestox Review
SwipeStox, founded by entrepreneurs and finance experts, simplifies trading. It is based in Germany, with a team that combines years of professional experience in technology companies and financial institutions. SwipeStox is straightforward and efficient, and it has removed the majority of the technical indicators that nobody understands.
Swipestox is a social trading app which is redefining how traders look at the process of selecting their next position. At SwipeStox, they focus on creating transparent social trading community and platform worldwide. As a result, it is the ultimate social network for traders that allows everyone to trade the financial markets by copying the best traders and their trades.
Social Trading on Swipestox
SwipeStox is for sure a lot more entertaining way of looking at social trading today. Since it has a myriad of trades that flow in, there is a leaderboard that user can access. This leaderboard displays the best traders for all time, for the week, month, or even daily trades.
However, the trading experience doesn’t end here. On this trading platform, every trader can open positions at their own discretion and get copied. What’s more, the cash rewards flow into the user’s account balance when another trader copies their trade. While the platforms are currently only available in demo mode with no real money involved, there are a number of brokers like One Financial Markets that have committed to the product.
Because of the ever-growing popularity of marketing sentiment that is based on trading indicators, SwipeStox is here with a real-time look at the positioning of the traders.
Tradeable Assets
Forex, CFDs, Commodities, EFTs, Indices, Stocks
Regulation
The broker Hanseatic Brokerhouse supports Swipestox to offer of financial services. Its base is in Cyprus and CySEC regulates them with license 204/13, and in accordance with both MiFID and EMIR.
Account Types
SwipeStox makes trading easy and you will find that is most true when it comes to trading platforms. The platform runs on all types of devices, from desktop to laptops and of course all types of mobile devices. You can trade and get real-time market news, anytime or anywhere.
- Web: you can access your trading account on a PC or Mac.
- iOS: install the trading app on your iPhone, iPad, or even Apple TV and trade anywhere you go.
- Android: for Android users, you will be glad to know that there is an app that is compatible with pretty much all Android devices.
Type of Broker
STP/DoA
Platforms
Swipestox was originally developed exclusively as an app but now given its rise in popularity, the company has decided to expand its technology and introduce a web platform. The web platform allows you to view full trading charts and to use all of the classic charting tools as well as main technical analysis indicators, which is not available on the mobile app.
Metatrader 4 fans will also be happy with SwipeStox, as the company has implemented a solution that works by installing a plugin on your MT4. At this current time, the plug in can only be used with these partners; ThinkMarkets, ONE Finacial, BlackBull, BD Swiss, and Portex Markets.
Deposits Options
Credit/Debit card, Bank transfer (Skrill and Neteller coming soon)
Withdrawal Methods
Credit/Debit card, Bank transfer, PayPal
Customer Support
Client services are available via live chat, phone and email support. With their email support, they promise to get back to you within 24 hours. There is also a comprehensive FAQ section, where you should be able to find answers to your questions.
Languages
The platform is available in 11 languages: English, Japanese, German, Spanish, Romanian, Russian, Turkish, Chinese, Italian, Arabic, and Polish.
Address
Herrengraben 31, 20459 Hamburg, Germany
Ease of Use
The SwipeStox platform is intuitive and easy to use. It has a simple trading interface, where the traders can easily see how much they are risking and what the prospective gains are per trade.
Why Trade at Swipestox
SwipeStox is not a broker, but rather is a Fintech software. It enables a community of traders to share their trades with each other. At Swipestox, the brokers they chose to work are known for being some of the industry’s most reputable licensed forex brokers.
SwipeStox is straightforward and efficient and is easy to understand. SwipeStox focuses on creating transparent social trading community and platform worldwide, making it the ultimate social network for traders. Furthermore, it allows everyone to trade the financial markets by copying the best traders and their trades.
To see how SwipeStox ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.
Risk Warning: Users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading CFDs. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: TopBrokers.Trade is an independent professional comparison site funded by referral fees. The compensation TopBrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.