How do I Buy & Sell Shares?
How Do I Buy?
You may buy up to a maximum of 100 Shares for each footballer at the Published Price in one transaction, but you can then do as many transactions as you wish. Once shares are purchased, they automatically go into your Portfolio. Here you can track the progress of your Shares – hopefully they’re going up.
There is also the option to “Accept Price Movement” which allows you to complete your purchase even if the price moves during your transaction. If you leave this feature turned off, you will be alerted when prices change during your purchase.
How Do I Sell?
You may be able to cash out your Bet early by clicking “SELL” on the Shares you hold in your Portfolio (up to a maximum of 100 Shares per transaction). You are able to sell your Shares in two (2) ways (both of which we take a 2% commission fee and a minimum of 1p from each completed sale transaction):
1. Sell Queue
You are able to cash out your Bet by clicking “Join Sell Queue” on the Shares you want to place in a queue for other users to buy (“Sell Order”). This is like selling on eBay. Sales are not instant, and it depends on whether another trader wishes to buy your Shares.
We cash out the Bet subject to finding another trader who will “BUY” your Sell Order. We cannot guarantee a price. Your Shares will be sold at the Published Price at which the Sell Order was completed rather than when the Sell Order was placed.
2. Instant Sell
We publish a sell price at which you may cash out your Bet early by clicking “Instant Sell” on the Shares you want to sell instantly. When you confirm your “Instant Sell”, you cash out the Bet and we deposit the monies into your Football Index account instantly.
The difference between the buy price and the sell price is known as a ‘Spread’. This is common to all financial and betting markets. You may have even noticed the difference between the buy and sell price when you change currency to go on holiday. We may change the Spread on any footballer at any given time, and in certain circumstances, we may suspend Instant Sell.
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