Football Index is a real money virtual stockmarket licensed and regulated by the Jersey Gambling Commission and the UK Gambling Commission. This is a betting platform and should not be viewed as an investment vehicle.
Buying Shares on the Index is actually placing a bet on the success of a footballer. If a player plays well, scores goals, gets assists or hits the headlines, their value is more likely to rise. Then you can Sell to make a profit.
There are two ways to Buys Shares on Football Index:
The Bids Engine lets Traders place Bids on the Shares they want to Buy. Simple. Rather than accepting the prices displayed on the platform, you can set a maximum limit on how much you want to purchase a share for (Bid). Just choose the Bid option to Bid on a player. Here’s how it works:
Other Traders Instant Sell enough Shares at your Bid’s value. Your Bid is successful and 100 Ighalo Shares are dropped into your Portfolio for £170.
Some of your Bid was Matched with other Traders’ Instant Sells, and you got a portion of the Shares. Let’s say 50 Shares of your Bid were Matched - you’d receive 50 Ighalo Shares. The remainder of your Bid will stay active until it’s Matched or it's Cancelled.
Your Bid isn’t Matched, and no Shares are purchased. Your Bid remains Unmatched until it’s Cancelled, and we’ll refund you in full immediately on Cancellation. Bids don’t expire, so they’ll need to be Cancelled actively.
Each footballer will have a minimum price for which you can place a Bid. This will vary for each footballer, and will initially be around 60% of the Buy Now price. There will also be a maximum price for the Bid which is one penny below the Buy Now price at the time of placing the Bid. The price range that you can place a Bid on is known as the Bid Zone. You won’t be able to place Bids outside the Bid Zone.
You'll be charged a 2% commission on Bids. However, until 23:59:59 BST July 31st, 2020, Bids will be completely commission-free - so try out the Matching Engine now! You won't be charged commission when you use Buy Now.
Note: You’ll be able to place a maximum of 10 Bids of up to 300 Shares per Bid per footballer at any one time.