Opinion about SwipeStox

SwipeStox is a CFD investment platform that offers the social trading modality with which you can copy the operations of the best brokers of the same. After submitting this website to our tests, we can say that it is not a scam and you do not have to fear any fraud.

This company works in a somewhat particular way, since it does not really carry out the operations itself. What it does is transfer your operations to other CFD trading platforms as GKFX or BDSwiss , all of them secure and licensed. This way your money is always covered and you won't have any problems.

Our experience with SwipeStox

The experience with SwipeStox is really interesting. The fact of being able to follow other traders, copy their strategies and benefit from them is already in itself an incentive to open an account. But to that we add that you can become a reference trader yourself, if you get a good performance, and with it earn extra money, since the platform pays you a commission every time another user makes a trade copying one of yours. You can also get some money by recommending the website to other people, but we think that's anecdotal.

About security, we can tell you that it is a private platform, it belongs to a German company based in Hamburg, which in turn belongs to a German business group. As for the licenses, it must be borne in mind that we are not dealing with a broker, as we have already explained, this company refers you to real brokers, so they do not have a license that we can tell you about, since their activity is merely informative. You don't trade with them, you will trade with an independent broker, but everything is automated from this website.

For those who do not have much experience with trading, it can be interesting to see how other traders operate and learn from their successes and mistakes. Of course, you have to be careful which traders you select to follow, since the success of your investment will depend on them.

SwipeStox: Scam or legit?

Surely you have entered a Estafa.info to find out if this SwipeStox is a scam. Fortunately we can confirm that it is not, since we have tried their services and we have not had any problems.

We will go into detail in the security section, but what this company really does is put you in contact with brokers who pay you a commission when you trade with them. Therefore, it is absolutely free for users to enjoy the options of this website. And also for this reason, the legal requirements regarding compensation funds, licenses, etc., fall on brokers.

Of course, they only work with safe brokers, some of them we have even analyzed here in Estafa.info .

The Naga group, to which the company belongs, was founded in 2015 in Hamburg and focuses on the creation of business projects, such as the one we are reviewing here, within the financial sector and related to the latest technological advances.

SwipeStox offer

Since it connects you with other brokers, the investment possibilities here are the sum of the investment possibilities in all its partner brokers. Something that makes the diversification capacity enormous. In fact, you can invest in Forex, ETFs, CFDs on indices and stocks, commodities, futures and even buy bitcoins .

This website allows you to do your own operations, follow those of others or both combined. It even has an artificial intelligence robot that you can configure according to your preferences so that it finds opportunities, manages your risk and invests automatically. But the robot not only invests, but also learns over time, so it is to be expected that its performance will improve more and more every time. Of course, you can easily configure the algorithm according to your preferences and activate or stop it at any time.

In addition to the robot, you can manually copy the traders you want to follow their trades. To do this, although past returns do not guarantee a similar return in the future, they offer you statistics for the last 3 months. The truth is that it would be interesting if the statistics were offered with a total historical, since 3 months seems to us too short a period of time to really know the reliability of a trader that we consider following. You also have the option to set a profit and loss stop on your trades so that you can manage the risk and not get unpleasant surprises.

In summary, the SwipeStox offer complements the offer of any other broker you may have since with social trading, it allows you to do very different things than you have been doing until now.

CFDs

Although you can invest in a good diversity of financial instruments, CFDs are the main protagonists of this social trading platform . SwipeStox does not charge any commission for the operations, they charge from the associated brokers, although when you trade you must pay the commissions of the broker with which you carry out the operation. The margins requested for CFDs may vary depending on market conditions but are generally around 10 – 25% for stocks, 1% for stocks and commodities and between 0.5 and 2% in the forex market.

Demo account

You can open a demo account and try out how the platform experience is totally free and without risking anything. If you do, they will give you 2500 fictitious dollars with which you can simulate a real investment and get a good idea of what you can get with a real money account.

However, the demo account does not allow you to test the automatic investment robot, which we think would have been interesting. In any case, if you doubt whether to open an account or not, we encourage you to do so and try the platform by copying trades of the best traders of the last month.

Offers and bonuses

This company does not offer a welcome or promotional bonus per se. What they call a bonus is the money you receive when a user opens an account from one of your referral links or for the commissions in your favor that you generate when other users copy your operations.

The compensations that the platform can pay you are:

Copy Bonus: You receive it when a user manually copies your trades.

Referrals: You receive it when a new user opens an account on the web through a link with your personal code. You will find this link in the promotions section.

Social: You receive it when you share a trade with which you have earned money on Facebook. It has a maximum limit of $25 per promotion.

Payment methods

You can deposit money with the following methods:

• Credit card
• Neteller
• Skrill
• GiroPay
• Bank transfer

Money transactions are encrypted with Secure Socket Layer (SSL) in such a way that the web offers a secure interface to carry out the process. If you prefer, you can also make an income by bank transfer from your bank's website. The only problem is that this method of income is a little slower.

To withdraw the money you can use the same methods as above minus GiroPay. It is important to know that to withdraw money with a method, you must have made an income with that method before. The exception is the bank transfer, in that case you will have to prove to them that you are the true owner of the account, which is basically done by sending them a copy of an invoice in your name in which your bank account number can be seen. Withdrawals by bank transfer usually require between two and three days, those made with Neteller or Skrill are usually made in one day and those made by credit card can be delayed up to 10 days.

SwipeStox safety and regulations

SwipeStox is a reliable website that does not give rise to scams. Now, a lot of security depends not so much on what they do, but on what your broker does. What they allow you to do is copy someone else's trades with your broker. That is why it is important that the broker you choose is safe. For example, you can choose GKFX and your funds will be protected by the Financial Services Compensation Scheme (FSCS) up to a maximum amount of 50,000 pounds sterling. They also work with brokers with Cyprus CySEC licenses in which case the fund coverage is up to $20,000.

In general, in everything related to trading operations, etc. If you have any problems you should fix it with your broker, although of course the customer service of this website will try to help you.

The regulations they must comply with are the German ones. But beware, not in terms of investment, but in terms of your dealings with them as a consumer. Remember that the service they give you is information, not even financial advice.

Customer service

The customer service works very well. They are friendly, fast and clear. They also offer various ways to get in touch with them such as email, live chat and phone. At the moment, they offer their services on weekdays from 9:30 in the morning to 6:30 in the afternoon. Although we understand that 24-hour support may be too expensive for them, it would be nice if they offered more hours of support, since the forex markets are working around the clock.

Functionality of the website

The website works perfectly, but this platform is designed to manage investments from the mobile. In any case, in the web version you have absolutely all the options that exist in the app. It is organized in a way that helps you to be located at all times.

In the more part below the page you will find links to the legal information, terms and conditions, etc.

As a small complement they also offer an economic calendar so that at all times you know what news is sure to arise in the coming days that could affect the market.

SwipeStox mobile app

Unlike what is usual, the concept of this company was born to be an app. So it is not a broker with a powerful website that then develops an app with more or less success, but an app conceived in itself to be the main service to the user.

That said, you will need a powerful device to make it work and if not, it may hang up on you at unexpected times. Needless to say, it is also important that when you operate, you are on a site with a good internet connection. Do not risk doing it in the middle of the city in a place with a low signal.

Conclusion about SwipeStox

SwipeStox is not a scam . If you came in worried that it was a scam, you can calm down. The company is dollarpea and works with quality brokers. It is true that the performance of the app should be improved. In our opinion, it is worth it to copy other traders and for its self-investment system, but if you want to actively invest in your own operations, it is surely worth looking at some other of the brokers on our website .

Security mainly depends on the broker you work with, so we recommend that you choose one that is at least licensed in Cyprus and therefore secures your funds up to a maximum of $20,000. If you do so, we do not think you will have any problems with this social trading platform, which will help you complement your overall investment strategy.