Swapnex Reviews

Arbitrage trading is one way to make money from cryptocurrencies. Essentially, you get low and sell high and type of earn the spread.

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

Whatever you need to 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 check out the platform and reveal everything you need to know before you receive started. Is it legitimate or a fraud? Read on and you should have your answers.

What is Swapnex?

Swapnex is definitely an Australian cryptocurrency trading platform. It's focused on arbitrage trading which consists of taking advantage of price differences on different exchanges.

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

You are able to trade those opportunities manually through Swapnex with the benefit of not having to open your own trading accounts on all exchanges and moving money between them.

However, you can only make one manual trade per day. If you intend to make more, you've to cover a lot. Currently you can 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 a car mode which will trade for you, and it is very costly too. The best plan could make you deposit at least 0.0013 BTC (about 50 USD) just for 1 trade daily for 30 days.

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

And think about Swapnex profits? The statistics of the platform say that for an overall total traded level of 2.69 billion USD it generated a ROI of 70.7 million USD. Meaning the typical return on Swapnex is 2.62% per trade.

Swapnex Trading Instruments – What Can I Trade?

Swapnex broker was running a typical crypto scam. Clients were promised money from investing in different digital coins. However, the key 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 on 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.

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

Swapnex review – Conclusion

Swapnex is 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 https://www.scamrisk.com/swapnex/!

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

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