Social trading app for iOS and Android Swipestox is officially launching live trading after a six month trial period. Users who are willing to take it to the next level with a live trading account will gain access to the market via FCA regulated brokerage, One Financial Markets.
The ‘Tinder meets trading’ app, which is available for white labeling to brokerages, provides live trading on foreign exchange, indices, commodities and CFDs. With a more interactive and fun approach towards social trading the application could become one of the major players in the social trading sphere after it has successfully been adopted by mobile users.
With the platform’s convenient user interface, traders can easily engage in copy trading, while observing the trades and profitability of a vast number of traders who are sharing their trade ideas. SwipeStox pays a bonus to the traders whose trades are copied.
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The founder and CEO of Swipestox GmbH, Benjamin Bilski, commented: “After one-and-a-half years, two million lines of code and with a team of thirty, we have reached our first milestone: live trading.”
“It is important to point out that SwipeStox is not merely a simple frontend displaying a closed trading system on a mobile device. The technological edge stems mainly from our proprietary API, which we developed in-house. It enables us, and only us, to connect any broker or bank to the platform within hours,” he elaborated.
The company will be updating the list of brokers and banks which are going to get connected to SwipeStox in the coming weeks.