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 Football Index is placing a bet on the current and future success of a footballer. If a player plays well, scores goals, gets assists or hits the headlines, they're more likely to win Dividends and rise in value. Then, when you think a footballer’s form is about to drop, you can sell to make a profit. In order for Shares to be bought or sold on Football Index, they need to be Matched with other Traders (or with Football Index through Share Issuance).
Traders place Buy Orders to purchase Shares and place Sell Orders to sell Shares. When a Buy Order matches with a Sell Order, a Match occurs and a Trade takes place.
There are two ways to place Buy Orders on Football Index:
All the Shares in your Bid are matched with Offers.
Some of the Shares in your Bid were matched with Offers, but some remain unmatched. The unmatched Shares will remain active until they’re matched or cancelled.
Shares in your Bid have not matched. You decide to cancel your Bid, and you are refunded in full immediately. The funds will be added to your account instantly.
Please note Bids do not expire.
Each footballer has a minimum price you can place a Bid at. This varies for each footballer. The maximum price a Trader can pace a Bid at is £100 (The Bid Zone Ceiling). So, a Bid can be entered at any price between the Bid Zone Floor and £100. 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 GMT November 16th, 2020, Bids will be completely commission-free.
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.