TradeUP, a fintech trading platform that offers free access to a powerful suite of features to trade U.S. stocks and ETFs at zero-commission, has announced the launch of its paper trading competition. Inviting investors of all experience levels, the competition runs from April 20, 2020 to May 18, 2020, lasting four weeks, and offers both weekly and final prizes to top performers. Each week, the top 10 performers will receive a cash bonus up to $100. On May 18, the top 20 overall performers will win cash prizes up to $1000. To further encourage everyone to learn about equity investing, TradeUP expands its reward pool to provide qualifying participants with positive returns the chance to win a free stock (cash equivalent) up to $50 in value.
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The paper trading competition reiterates TradeUP’s vision to promote financial inclusion. By offering each participant a virtual buying power of 100k to start with, as well as free access to streaming and live market quotes, the competition allows participants to sharpen their trading skills and test drive new investment strategies without risking real money.
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“One of TradeUP’s primary goals is to make investing more accessible to everyone and what we have noticed is that investors may hesitate to pull the trigger either because they are unfamiliar with markets or because they face greater uncertainty due to market volatility,” said Ryan Song, Director of TradeUP. “Seeing how the stock market has swung wildly in recent weeks as coronavirus fears linger, we believe hypothetical trades will help investors gain more acute insights into the mindset of the market amid the coronavirus outbreak.”
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