Social mobile trading app developer Swipestox has sealed a further partnership with the Forex Capital Markets LTD (FXCM), New York unit of FXCM Inc (NYSE:FXCM), which will see FXCM joining its growing network.
FXCM traders who engage in mobile social trading on the SwipeStox app may trade all major forex crosses, international indices and soft commodities.
Brandon Mulvihill, MD and global head of sales at FXCM Pro, said:
Built by industry veterans, Swipestox is assertively pushing the envelope by combining the simplicity and reach offered via mobile trading. FXCM’s API capabilities and our global networking and connectivity, offers customers utilizing the Swipestox platform the efficiency and transparency in trade execution for which FXCM is known. The integration of these complimentary products not only provides tremendous excitement today, but certainly lends itself to future enhancements and subsequent announcements to come.”
Frankfurt-based SwipeStox was founded by former Varengold CEO Yasin Qureshi.
Benjamin Bilski, CEO of SwipeStox, added:
We are proud to have FXCM with us. With FXCM we are able to offer the services of a globally successful and leading brokerage. The inter-Broker copying takes up speed, too. With this, social trading may be lifted onto a new level with more trades shared, more bonuses earned. We pay high bonuses for the sharing of trades, all carrying a stoploss/takeprofit-point. And even small investment amounts are possible. We expect a substantial increase in speed of the copying and closing of trade positions.