Back in November, LeapRate reported exclusively that former CMC Markets CEO Roger Hynes had invested in a new mobile social trading app called SwipeStox, the brainchild of former Varengold CEO Yasin Qureshi. (We later ran an exclusive interview with Qureshi on his plans for SwipeStox).
Well we’re now pleased to be the first to report that SwipeStox has nabbed its first broker client, in the person of UK-FCA and South Africa-FSB regulated retail forex broker One Financial Markets.
Thanks to the collaboration with SwipeStox, all of the clients of One Financial Markets gain mobile access to major forex crosses, international indices and soft commodities.
Social trading on SwipeStox enables traders to get attractive bonuses for sharing their trades. All shared trades carry a stop-loss/take-profit setting customizable in every aspect by the copier. The application also lets its users buy or sell small single trades, there is no strategy-copying or auto-bot money setting.
The service for One Financial Markets is set to start on March 1, 2016.
Andrew Henderson, Director at One Financial Markets, says,
“Social trading with the SwipeStox-app is an exciting project and easy for our clients to set up. You can trade and share your ideas amongst your peers, wherever you are. For our clients SwipeStox adds an additional and significant degree of flexibility and freedom. The User Experience on SwipeStox makes trading more fun, is secure and an excellent source of trade ideas and potential income. It’s another innovative product that we are pleased to make available to our clients”
Christoph Brueck, Executive Director of The Naga Group AG, Holding to Swipestox GmbH, says,
“To gain the trust and support of One Financial Markets is a significant step for us. SwipeStox is a unique social trading platform offering a long-needed alternative and contemporary approach to trading. The additional bonus-based income for sharing trades is significant – and surely engaging.”
For more on SwipeStox see the following video: