ThinkMarkets, a forex brokerage licensed in Australia and the UK, formerly known as ThinkForex, announced it has teamed up with German mobile social trading application SwipeStox to offer copy trading opportunities to its clients.
“We are very excited about this partnership with SwipeStox as it enables us to continue our journey into the technological landscape and help customer experience,” said Nauman Anees, CEO & Co-founder of ThinkMarkets. “SwipeStox’s strong focus on mobile technology allows us to gives our customers the opportunity to engage via a new type of social trading platform.
“We are delighted to welcome a true global player with ThinkMarkets to the SwipeStox universe and the innovative and cutting edge strategic positioning of ThinkMarkets and SwipeStox are a perfect fit,” commented representatives of SwipeStox. “We are moreover very happy to introduce our social network for stock traders to the Australian Market and we strongly believe that ThinkMarkets’ clients will appreciate the possibility to connect with other traders, copy trading ideas and earn lucrative bonuses on top of their trades.”
Swipestox was founded in Germany in 2014 and offers copy trading of forex, Indices, and CFDs. The app was launched this February. It works a bit like the famous dating app Tinder, in which users can swipe left or right on users’ profiles and connect with them.
Swipestox users can see live trades and copy them by swiping, without having to rely on fundamental or technical decisions alone. The app lets users either use the available information to execute their own trades or simply follow and copy other traders.
Besides the mobile application, which has between 100 000 and 500 000 downloads of its Android version and an Apple version, SwipeStox also has a web version and is EU-regulated.
Among its partners are forex and binary options brokers like FXCM, One Financial Markets, BlackBull Markets, BDSwiss and Hanseatic Brokerhouse.