What is SPOXCHANGE?

SPOXCHANGE stands for Sports Stock Exchange. It is an exchange (Stock Market) very similar to the real stock market where you can trade stocks of your favorite sportsmen.

Is it a simulation?

No, that’s what is unique. Traders buy and sell stocks with virtual money, gain dividends and the demand/supply affect the stock prices. It is a real-time, multi-trader, interactive competition in which users compete to gain maximum dividends and enhance their portfolio.

Do I need to know a lot about sports?

No, you can visit the blogs and read some news to know about the current form of a player and on your hunch decide to buy/sell stocks of players. Past performances and stock performances can be a good indicator to help your make your decisions.

Do I need to know a lot about stocks?

No, you can just use your sports acumen to bid for stocks of players whom you feel will do well and give you maximum dividends. Past performances and stock performances can be a good indicator to help your make your decisions.

Why should I play here?

There are many reasons but we have stated a few:-

• To sharpen your trading skills

• Use your sports knowledge to earn real money

• You are new to trading and want to learn

• You want to compete

• You want to have fun and make some money at the same time

• You want to interact with like-minded individuals who may be sports enthusiasts or investors

• Be a part of the site that will redefine online sports entertainment

When can I trade?

The exchange is completely online and open 24 hours a day during the trading seasons.

Is there a registration fee?

No, registration is absolutely free and simple.

How do I make money?

By using the real market funda of “Buy low, sell high” depending on your hunch. On registration, every user gets 5000 SPX for free. These can be used to buy stocks of players who are expected to perform well depending on your hunch. On a player’s good performance, all users who own the share of that player will get dividends (SPX) which can be further used to trade (buy/sell) stocks. Throughout the trading season, you can trade stocks of sportspersons and maximize your portfolio value. Winners will get attractive prizes.

Do I have to login everyday?

Not necessarily but we would recommend to do so. You can trade as often or as little as you like. You get dividends as long as you own the shares, so you can retain shares for long. You can also save the earned money (through dividends) with you or invest it again to further enhance the portfolio value.

How do dividends work?

Dividends are paid to owners of stock of a sportsman who does well. For cricket, the payout ratio is: 1 SPX for every run and 20 SPX for every wicket with bonus points (SPX) on achieving milestones. Currently, the dividends are paid at the end of the game (asap).

How is this different from betting?

In betting, there are odds defined by the betting exchange while here there are no such things. This doesn’t involve real money and at any time, you can cancel your buy/sell bid. Also, we (the exchange) don’t influence the price of a listed stock. The demand and supply of registered users determines the stock prices.

Is this legal?

SPOXCHANGE allocates virtual money (SPX) to the users and the trading takes place in virtual money which is purely for entertainment purpose. Because it does not involve the user losing any real money, it is completely legal. We, in no form, encourage gambling and the rewards given to winner(s) at the end of the trading season are an 'incentive' for people to participate.  tournament f a listed stock. The demand and supply of registered users determines the stock prices. The service provided through the website may not be used in connection with any form of gambling or other such gaming activities, which may violate any applicable local, state, national or international law including any rules of any national and any regulations having the force of law.

How am I guarded against manipulation?

We have implemented fraud algorithms and have special teams to monitor trading activity. Users attempting manipulation can be issued warnings, imposed fines and/or blacklisted from the exchange depending on the circumstances.

If I put up a buy bid for a stock, will I still get dividends?

You will be allocated dividends when you own the stock after a trade takes place.

If I put up a sell bid for a stock, will I still get dividends?

You will be allocated dividends till you own the stock before a trade takes place.

After logging in what should i do?

Details about different pages is mentioned here.