Swapnex Reviews

Arbitrage trading is one method to generate income from cryptocurrencies. Essentially, you receive low and sell high and kind of earn the spread.

Swapnex is one platform that helps automate the otherwise tedious  manual process. There isn't to keep a tracking of several cryptocurrency tokens and exchanges to generate income from the market.

Anything you should do is create a deposit and allow the automated bot do the heavy lifting. To most people, that sounds too good to be true.

In this Swapnex review, we have a closer browse the platform and reveal everything you need to learn before you obtain started. Is it legitimate or even a fraud? Continue reading and you should have your answers.

What is Swapnex?

Swapnex is surely an Australian cryptocurrency trading platform. It's focused on arbitrage trading which includes using price differences on different exchanges.

Swapnex is monitoring cryptocurrency prices on different exchanges and teaches you supposed arbitrage opportunities.

You can trade those opportunities manually through Swapnex with the main benefit of lacking to open your own personal trading accounts on all exchanges and moving money between them.

However, you are able to only make one manual trade per day. If you want to make more, you've to cover a lot. Currently you will find three paid plans:

• Start costs 200 USD and allows 2 manual trades daily
• Personal costs 500 USD and allows 3 manual trades daily
• Professional costs 1500 USD and allows 4 manual trades daily

Additionally, there are plans for an automobile mode which will trade for you, and it is very expensive too. The best plan might make you deposit at least 0.0013 BTC (about 50 USD) simply for 1 trade daily for 30 days.

The absolute most expensive auto plan requires the absolute minimum deposit of 1.3 BTC (about 50,000 USD) and it could make 8 trades for you for a complete year.

And think about Swapnex profits? The statistics of the platform claim that for a general total traded degree of 2.69 billion USD it generated a ROI of 70.7 million USD. Meaning the conventional return on Swapnex is 2.62% per trade.

Swapnex Trading Instruments – What Can I Trade?

Swapnex broker was owning a typical crypto scam. Clients were promised money from investing in different digital coins. However, the main element accent was not on investing but on bringing customers.

Swapnex's minimum deposit was $200 for the Start plan, with a promised passive return. Yet, this course of action is valid for 30-90 days, depending how long your funds are locked. Then, you'll need to lock them again or invest more and upgrade to different plans with higher returns.

Generally speaking, there was no trading. The firm was using deposits to refund previous customers and was chasing its tail before being exposed when everything blew up and the broker vanished.

Swapnex review – Conclusion

Swapnex is really a fraud, it shows fake prices and arbitrage opportunities that don't exist in reality. It is really a Ponzi scheme that is going to collapse, and that is why you've to stay away from it!

Arbitrage opportunities are hard to find nowadays, you can have a glance at some crypto exchange and regulated brokers to see the specific prices.

If you want to start trading with cryptocurrencies or some other asset on financial markets, please first be sure that you realize the risks.