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SwipeStox Social Trading Review

SwipeStox

We are not currently promoting SwipeStox. In order to copy trade with a global and regulated CFD service – use eToro!

66% of retail CFD accounts lose money.

SwipeStox is a social trading network for CFDs, forex, and bitcoin (among others). This unique social trading community allows traders not only to copy trades placed by successful traders but also to place your own trades and become a trading influencer. That way, you can also make an additional passive profit.

SwipeStox also offers a demo account with 2,500 virtual money that traders can use to research the platform and test their trading skills. Traders can also build their social trading community and see who are the local trading stars. SwipeStox also promises a high level of privacy and data safety which is something that should never be neglected.

Account Features

SwipeStox has 3 important features they like to accentuate. In this SwipeStox Review, we will describe all three of them:

  • CYBO
  • Auto Copy
  • SwipeStox Protector

SwipeStox CYBO

SwipeStox CYBO is, as they describe it, personalized robo advisor that is based on a self-learning algorithm. The main purpose of this algorithm is that it maintains and manages your portfolio 24 hours a day.

Basically, it is an auto trading robot, developed by SwipeStox. Once the traders activate it, they can sit down and relax, as the CYBO will find all the most popular traders and their successful trades and place them instead of a trader. All personal preferences can set in 3 easy steps, so traders can adjust the algorithm to their personal needs and trading goals. According to SwipeStox, CYBO is capable of following daily news, financial and technical indicators, and economic events in order to deliver the best trades directly to you.

SwipeStox Auto Copy

SwipeStox Auto Copy is another feature we encountered in SwipeStox review. However, it is pretty unclear what is the difference between Auto Copy and CYBO – they both automate copy trading. Auto Copy is a special setting you can use and activate as you like. First, you have to find a trader you like. Then, simply click ‘Auto Copy’ and set a percentage of the number of trades you want to copy from that exact trader.

It seems that the main difference between SwipeStox Auto Copy and CYBO is that CYBO searches the entire community for the best trades, while with Auto Copy you can determine what traders you want to follow and copy.

SwipeStox Protector

SwipeStox Protector feature is a risk management tool. Traders get a chance to set the limits for losing money and securing profits. That way, they can also apply different strategies and become more effective. SwipeStox protector can be used on any type of asset, which is great to hear as some of them tend to be more volatile than others.

SwipeStox Demo Account

SwipeStox demo account is available immediately after signing up. As already mentioned, traders get $2,500 virtual money. However, you will first get a pop up where you will have to determine your level of knowledge and experience, and then you will have to choose to start either real trading or demo trading.

It is important to accentuate the fact that SwipeStox demo account only includes copy trading, and none of the special features like auto copying or CYBO.

SwipeStox Bonus

SwipeStox, according to FAQ, has a bonus system that is not advertised on the website. There are several bonuses traders can get:

  • Copy Bonus – a bonus traders get when their trades are copied
  • SwipeStox Referral Bonus – a bonus that is added when you refer a friend
  • SwipeStox Sharing Bonus – a bonus you get when you share your trades on social media

We would like to add how everything related to SwipeStox bonuses can also be found in the part dedicated to legal documents. It seems that bonus requirements and bonus structure are quite complicated so make sure to ask customer support for additional explanations if needed.

Trading Software & Assets

SwipeStox offers 3 types of trading platforms

  • SwipeStox for Android
  • SwipeStox for iOS
  • SwipeStox Webtrader

SwipeStox for android and SwipeStox for iOS can be easily downloaded in their respective app stores. Webtrader is available directly from the browser.

SwipeStox Webtrader

SwipeStox webtrader asks for a solid computer and good internet connection. Unfortunately, we noticed that it takes a lot of time to load when using the platform for the first time, probably because of the great amount of pop-ups you have to click through.

The trading dashboard resembles social media profiles. Traders can see who follows them, and who are they following, win rates and statistics. Also, there are special tabs that show archives, last trades etc. There is also a Facebook-like newsfeed. On the right side, traders will find a navigation menu they can use to activate certain features and for example, ask for withdrawals. Traders must also know that when they want to start real trading they will have to make a deposit with a broker, and will also have to upload a proof of identity before even being able to deposit.

SwipeStox Assets

SwipeStox has an impressive list of brokers that include many popular assets like forex, CFDs, bitcoin, ETFs, commodities and futures. This is more than enough for every trader to find something that suits them.

Support Information

Traders who wish to trade by using SwipeStox social trading platform can also expect a solid customer support. Customer support is available via live chat, phone and email. When we tried to contact them via live chat, there were no agents online, and we were offered to leave an email, and they will respond us. This undermines the basic idea of live chat that should be quick and easy mean of communication.

Traders also get access to extensive FAQs that are written in form of a blog and Education section, but it is not delivering any specific educational materials, only basic guides on depositing, withdrawing etc.

Banking & Company Information

The minimum deposit amount varies from broker to broker available on the SwipeStox dashboard. Usually, it is around $250. Minimum withdrawal is limited to $100. Traders can use several methods for depositing and withdrawing.

  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Visa Electron
  • Maestro
  • GiroPay
  • Wire transfer
  • Klarna

There may be other methods available as well, depending on your country or broker you selected.

SwipeStox vs. eToro

When we compare SwipeStox and eToro it is pretty clear that in both cases we have interesting trading interfaces that support copy trading. However, eToro is at the moment more recognized among traders which is not unusual, as it is a brand with great history. eToro also offers traditional forex trading and not only copy trading.

eToro is also regulated social trading platform, while SwipeStox is not regulated. SwipeStox is owned and operated by SwipeStox GmbH.